The global residential energy storage systems market is expected to grow at a CAGR of around 16.5% during the forecast period, from 2021 to 2030. The growth in this market can be attributed to the increasing demand for renewable energy sources and the need for efficient power management solutions. The residential energy storage systems market is segmented on the basis of type, application, and region. The lead acid batteries segment accounted for a major share in 2018 owing to its low cost and high efficiency. However, lithium ion batteries are expected to grow at a higher rate during the forecast period due to their high efficiency and long life span. Residential apartments accounted for a major share in 2018 owing to their large size as compared with private villas which are smaller in size but have higher demand owing to their luxury features such as swimming pools or gardens that require more power consumption than apartments do. North America was one of the leading regions in terms of revenue generation due its high adoption rates among consumers who want clean energy sources without any pollution or noise pollution associated with them.
-The residential energy storage market is expected to grow at a CAGR of over 50% from 2017 to 2022.
-The residential energy storage market is expected to grow at a CAGR of over 50% from 2017 to 2022.-The growth in the residential energy storage market can be attributed to the increasing demand for renewable sources of power, such as solar and wind, which are not always available on demand. -Residential Energy Storage Systems (RES) provide an alternative source of electricity when there is no access or availability of grid power. RES also help reduce peak load demands by storing excess electricity generated during off-peak hours for use during peak hours when electricity prices are higher.
Industry Growth Insights published a new data on “Residential Energy Storage Systems Market”. The research report is titled “Residential Energy Storage Systems Market research by Types (Lead Acid Batteries, Lithium Ion Batteries, Other), By Applications (Residential Apartments, Private Villas, Other), By Players/Companies Tesla, Orison Corporation, Panasonic, Mercedes-Benz, Nissan, Sonnen Corporation, Sunverge Energy, Ceres Power Holdings, Solomon Technologies, Yanmar”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Residential Energy Storage Systems Market Research Report
By Type
Lead Acid Batteries, Lithium Ion Batteries, Other
By Application
Residential Apartments, Private Villas, Other
By Companies
Tesla, Orison Corporation, Panasonic, Mercedes-Benz, Nissan, Sonnen Corporation, Sunverge Energy, Ceres Power Holdings, Solomon Technologies, Yanmar
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Residential Energy Storage Systems Market Report Segments:
The global Residential Energy Storage Systems market is segmented on the basis of:
Types
Lead Acid Batteries, Lithium Ion Batteries, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential Apartments, Private Villas, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Tesla
- Orison Corporation
- Panasonic
- Mercedes-Benz
- Nissan
- Sonnen Corporation
- Sunverge Energy
- Ceres Power Holdings
- Solomon Technologies
- Yanmar
Highlights of The Residential Energy Storage Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Lead Acid Batteries
- Lithium Ion Batteries
- Other
- By Application:
- Residential Apartments
- Private Villas
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Residential Energy Storage Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Residential energy storage systems (RES) are a new type of energy system that can help homeowners and businesses reduce their reliance on fossil fuels. RES use batteries, solar panels, or wind turbines to store electricity from the sun or wind and then release it when needed. This can help reduce your monthly utility bills by storing power when prices are low and releasing it when prices are high.
Some of the major companies in the residential energy storage systems market are Tesla, Orison Corporation, Panasonic, Mercedes-Benz, Nissan, Sonnen Corporation, Sunverge Energy, Ceres Power Holdings, Solomon Technologies, Yanmar.
The residential energy storage systems market is expected to register a CAGR of 16.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Residential Energy Storage Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Residential Energy Storage Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Residential Energy Storage Systems Market - Supply Chain
4.5. Global Residential Energy Storage Systems Market Forecast
4.5.1. Residential Energy Storage Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Residential Energy Storage Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Residential Energy Storage Systems Market Absolute $ Opportunity
5. Global Residential Energy Storage Systems Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Residential Energy Storage Systems Market Size and Volume Forecast by Type
5.3.1. Lead Acid Batteries
5.3.2. Lithium Ion Batteries
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Residential Energy Storage Systems Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Residential Energy Storage Systems Market Size and Volume Forecast by Application
6.3.1. Residential Apartments
6.3.2. Private Villas
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Residential Energy Storage Systems Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Residential Energy Storage Systems Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Residential Energy Storage Systems Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Residential Energy Storage Systems Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Residential Energy Storage Systems Demand Share Forecast, 2019-2026
9. North America Residential Energy Storage Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Residential Energy Storage Systems Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Residential Energy Storage Systems Market Size and Volume Forecast by Application
9.4.1. Residential Apartments
9.4.2. Private Villas
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Residential Energy Storage Systems Market Size and Volume Forecast by Type
9.7.1. Lead Acid Batteries
9.7.2. Lithium Ion Batteries
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Residential Energy Storage Systems Demand Share Forecast, 2019-2026
10. Latin America Residential Energy Storage Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Residential Energy Storage Systems Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Residential Energy Storage Systems Market Size and Volume Forecast by Application
10.4.1. Residential Apartments
10.4.2. Private Villas
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Residential Energy Storage Systems Market Size and Volume Forecast by Type
10.7.1. Lead Acid Batteries
10.7.2. Lithium Ion Batteries
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Residential Energy Storage Systems Demand Share Forecast, 2019-2026
11. Europe Residential Energy Storage Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Residential Energy Storage Systems Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Residential Energy Storage Systems Market Size and Volume Forecast by Application
11.4.1. Residential Apartments
11.4.2. Private Villas
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Residential Energy Storage Systems Market Size and Volume Forecast by Type
11.7.1. Lead Acid Batteries
11.7.2. Lithium Ion Batteries
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Residential Energy Storage Systems Demand Share, 2019-2026
12. Asia Pacific Residential Energy Storage Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Residential Energy Storage Systems Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Residential Energy Storage Systems Market Size and Volume Forecast by Application
12.4.1. Residential Apartments
12.4.2. Private Villas
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Residential Energy Storage Systems Market Size and Volume Forecast by Type
12.7.1. Lead Acid Batteries
12.7.2. Lithium Ion Batteries
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Residential Energy Storage Systems Demand Share, 2019-2026
13. Middle East & Africa Residential Energy Storage Systems Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Residential Energy Storage Systems Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Residential Energy Storage Systems Market Size and Volume Forecast by Application
13.4.1. Residential Apartments
13.4.2. Private Villas
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Residential Energy Storage Systems Market Size and Volume Forecast by Type
13.7.1. Lead Acid Batteries
13.7.2. Lithium Ion Batteries
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Residential Energy Storage Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Residential Energy Storage Systems Market: Market Share Analysis
14.2. Residential Energy Storage Systems Distributors and Customers
14.3. Residential Energy Storage Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Tesla
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Orison Corporation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Panasonic
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Mercedes-Benz
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Nissan
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sonnen Corporation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sunverge Energy
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Ceres Power Holdings
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Solomon Technologies
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Yanmar
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
