The global residential solar energy storage 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 sustainable power generation. The residential solar energy storage market is segmented on the basis of type, application, and region. On the basis of type, it is segmented into lion and leaacid batteries. On the basis of application, it is segmented into collective house and detached house. Geographically, it has been classified into North America, Latin America, Europe, Asia Pacific and Middle East & Africa regions.
- The cost of solar panels has decreased significantly in recent years, making it more affordable for homeowners to install solar panels on their homes.
- Solar power is a renewable energy source that does not produce any emissions or pollutants, which makes it an attractive option for many homeowners who are looking to reduce their carbon footprint and live more sustainably.
- The federal government offers tax credits and other incentives for homeowners who install solar panels on their homes, which can help offset the initial cost of installation and make it more affordable for some people to invest in this technology.
- As the price of electricity continues to increase, many people are looking at ways they can reduce their monthly utility bills by installing residential solar energy storage systems that allow them to store excess electricity generated during the day so they can use it at night when rates are higher or when there is no sun available (e.g., cloudy days).
- Residential solar energy storage systems also provide backup power during outages caused by storms or other natural disasters, which means that these systems could be a lifesaver if you live in an area where hurricanes or tornadoes often occur.
Industry Growth Insights published a new data on “Residential Solar Energy Storage Market”. The research report is titled “Residential Solar Energy Storage Market research by Types (Li-ion, Lead-Acid), By Applications (Collective House, Detached House), By Players/Companies East Penn Manufacturing, LG Chem, BYD, Panasonic, Tesla, Samsung SDI, Sonnen, Saft, A123 Systems, Enphase Energy, E-On Batteries, HOPPECKE Batterien, Exide Technologies, Fronius International”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Residential Solar Energy Storage Market Research Report
By Type
Li-ion, Lead-Acid
By Application
Collective House, Detached House
By Companies
East Penn Manufacturing, LG Chem, BYD, Panasonic, Tesla, Samsung SDI, Sonnen, Saft, A123 Systems, Enphase Energy, E-On Batteries, HOPPECKE Batterien, Exide Technologies, Fronius International
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Residential Solar Energy Storage Market Report Segments:
The global Residential Solar Energy Storage market is segmented on the basis of:
Types
Li-ion, Lead-Acid
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
Collective House, Detached House
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:
- East Penn Manufacturing
- LG Chem
- BYD
- Panasonic
- Tesla
- Samsung SDI
- Sonnen
- Saft
- A123 Systems
- Enphase Energy
- E-On Batteries
- HOPPECKE Batterien
- Exide Technologies
- Fronius International
Highlights of The Residential Solar Energy Storage 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:
- Li-ion
- Lead-Acid
- By Application:
- Collective House
- Detached House
- 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 Solar Energy Storage 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
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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 solar energy storage is a technology that allows homeowners to store solar energy generated during the daytime for use at night or during cloudy weather. This can help reduce reliance on fossil fuels, and make it easier to integrate renewable energy into the grid.
Some of the key players operating in the residential solar energy storage market are East Penn Manufacturing, LG Chem, BYD, Panasonic, Tesla, Samsung SDI, Sonnen, Saft, A123 Systems, Enphase Energy, E-On Batteries, HOPPECKE Batterien, Exide Technologies, Fronius International.
The residential solar energy storage market is expected to register a CAGR of 16.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Residential Solar Energy Storage 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 Solar Energy Storage Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Residential Solar Energy Storage Market - Supply Chain
4.5. Global Residential Solar Energy Storage Market Forecast
4.5.1. Residential Solar Energy Storage Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Residential Solar Energy Storage Market Size (000 Units) and Y-o-Y Growth
4.5.3. Residential Solar Energy Storage Market Absolute $ Opportunity
5. Global Residential Solar Energy Storage 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 Solar Energy Storage Market Size and Volume Forecast by Type
5.3.1. Li-ion
5.3.2. Lead-Acid
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Residential Solar Energy Storage 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 Solar Energy Storage Market Size and Volume Forecast by Application
6.3.1. Collective House
6.3.2. Detached House
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Residential Solar Energy Storage 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 Solar Energy Storage 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 Solar Energy Storage 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 Solar Energy Storage 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 Solar Energy Storage Demand Share Forecast, 2019-2026
9. North America Residential Solar Energy Storage 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 Solar Energy Storage 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 Solar Energy Storage Market Size and Volume Forecast by Application
9.4.1. Collective House
9.4.2. Detached House
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Residential Solar Energy Storage Market Size and Volume Forecast by Type
9.7.1. Li-ion
9.7.2. Lead-Acid
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 Solar Energy Storage Demand Share Forecast, 2019-2026
10. Latin America Residential Solar Energy Storage 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 Solar Energy Storage 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 Solar Energy Storage Market Size and Volume Forecast by Application
10.4.1. Collective House
10.4.2. Detached House
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Residential Solar Energy Storage Market Size and Volume Forecast by Type
10.7.1. Li-ion
10.7.2. Lead-Acid
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 Solar Energy Storage Demand Share Forecast, 2019-2026
11. Europe Residential Solar Energy Storage 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 Solar Energy Storage 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 Solar Energy Storage Market Size and Volume Forecast by Application
11.4.1. Collective House
11.4.2. Detached House
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Residential Solar Energy Storage Market Size and Volume Forecast by Type
11.7.1. Li-ion
11.7.2. Lead-Acid
11.8. Basis Point Share (BPS) Analysisby 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 Solar Energy Storage Demand Share, 2019-2026
12. Asia Pacific Residential Solar Energy Storage 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 Solar Energy Storage 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 Solar Energy Storage Market Size and Volume Forecast by Application
12.4.1. Collective House
12.4.2. Detached House
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Residential Solar Energy Storage Market Size and Volume Forecast by Type
12.7.1. Li-ion
12.7.2. Lead-Acid
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 Solar Energy Storage Demand Share, 2019-2026
13. Middle East & Africa Residential Solar Energy Storage 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 Solar Energy Storage 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 Solar Energy Storage Market Size and Volume Forecast by Application
13.4.1. Collective House
13.4.2. Detached House
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Residential Solar Energy Storage Market Size and Volume Forecast by Type
13.7.1. Li-ion
13.7.2. Lead-Acid
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 Solar Energy Storage Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Residential Solar Energy Storage Market: Market Share Analysis
14.2. Residential Solar Energy Storage Distributors and Customers
14.3. Residential Solar Energy Storage Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. East Penn Manufacturing
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. LG Chem
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. BYD
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Panasonic
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Tesla
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Samsung SDI
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sonnen
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Saft
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. A123 Systems
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Enphase Energy
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. E-On Batteries
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. HOPPECKE Batterien
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Exide Technologies
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Fronius International
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
