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Residential Energy Storage Market by Connectivity (On-Grid & Off-Grid), Technology (Lead–Acid & Lithium-Ion), Region - Global Forecast to 2027
Published Date: April 2021
|
Report Code: QYRE-Othe-3I410
Home | Category |Business & Industrial |Energy & Utilities |Renewable & Alternative Energy
Residential Energy Storage Market

Residential Energy Storage Market by Connectivity (On-Grid & Off-Grid), Technology (Lead–Acid & Lithium-Ion), Region - Global Forecast to 2027

Code: QYRE-Othe-3I410
Report
April 2021
143 Pages
QYResearch
Region: Global,
Description
Table of Content
Tables & Figures

Residential Energy Storage Market Overview - 2027

The global Residential Energy Storage market size is projected to reach US$ 13910 million by 2027, from US$ 6716.5 million in 2020, at a CAGR of 12.9% during the forecast period 2022-2027. Increase in demand for uninterrupted and reliable power supply and the rise in adoption of solar rooftop systems by the residential sector.

Residential Energy Storage Market Size, Share, Industry Trends, Growth, Forecast 2027

The global Residential Energy Storage market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Residential Energy Storage market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.

Lithium-ion-based energy storage systems are expected to be the most lucrative. Li-ion batteries, like lead-acid batteries, have a number of technical advantages. Furthermore, Li-ion batteries are becoming more common due to their technical advantage as the most energetic rechargeable batteries available. Furthermore, the use of Li-ion batteries has increased globally as a result of their technological and economic advantages over traditional batteries.

Residential Energy Storage Market: Geographical Analysis

Europe is expected to be one of the most lucrative regions in the residential energy storage market. The demand for RESS in the region is witnessing high growth, owing to the rapid adoption of rooftop solar power.

Based on region, the global Residential Energy Storage market is segmented into North America, Europe, China, Japan, Southeast Asia India and Other regions (the Middle East & Africa, Central & South America). Research analysts have studied government initiatives, changing the political environment, and social scenarios that are likely to contribute to the growth of the regional markets.

Residential Energy Storage Market Scope

Report Metric

Details

Report Name

Residential Energy Storage Market

Market size value in 2020

6,716.5 Million

Revenue forecast in 2027

13,910 Million

Forecast Period 2022 to 2027 CAGR

12.9%

Base year considered

2021

Historical Data for

2020-2027

Forecast units

Value (USD)

Segments covered

Type, End-User, Offerings, and Region

Market BY Type

Lead–Acid & Lithium-Ion Battery Energy Storage

Market BY Application/End-User

On-Grid & Off-Grid

Report coverage

Revenue & volume forecast, company share, competitive landscape, growth factors, and trends

Geographic regions covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Top Major Players in the Residential Energy Storage Market

  • Samsung SDI
  • LG Chem
  • Hitachi
  • Kokam
  • Fluence Energy
  • LSIS
  • SMA Solar Technology
  • NGK
  • General Electric
  • Primus
  • Panasonic
  • BYD
  • Younicos
  • ABB
  • Saft Batteries
  • Lockheed Martin Energy
  • Eos Energy Storage
  • Con Edison Solutions

Residential Energy Storage Market by Type

  • Li-ion Battery Energy Storage
  • Lead Acid Battery Energy Storage
  • Others

Residential Energy Storage Market by Application

  • On-grid
  • Off-grid

Competitive Landscape:

Factors such as cost analysis, marketing strategy, factor analysis, distributors, sourcing strategy, and industrial chain are all the parts of the global Residential Energy Storage market. The report also includes the analysis of the return on investment (ROI) feasibility with the estimated SWOT analysis.

The report covers the following objectives:

  • Proliferation and maturation of trade in the global Residential Energy Storage market.
  • The market share of the global Residential Energy Storage market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
  • Current and future market trends that are influencing the growth opportunities and growth rate of the global Residential Energy Storage market.
  • Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Residential Energy Storage market

TABLE OF CONTENT

 

LIST OF TABLES & FIGURES

 

Residential Energy Storage Market Overview - 2027

The global Residential Energy Storage market size is projected to reach US$ 13910 million by 2027, from US$ 6716.5 million in 2020, at a CAGR of 12.9% during the forecast period 2022-2027. Increase in demand for uninterrupted and reliable power supply and the rise in adoption of solar rooftop systems by the residential sector.

Residential Energy Storage Market Size, Share, Industry Trends, Growth, Forecast 2027

The global Residential Energy Storage market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Residential Energy Storage market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.

Lithium-ion-based energy storage systems are expected to be the most lucrative. Li-ion batteries, like lead-acid batteries, have a number of technical advantages. Furthermore, Li-ion batteries are becoming more common due to their technical advantage as the most energetic rechargeable batteries available. Furthermore, the use of Li-ion batteries has increased globally as a result of their technological and economic advantages over traditional batteries.

Residential Energy Storage Market: Geographical Analysis

Europe is expected to be one of the most lucrative regions in the residential energy storage market. The demand for RESS in the region is witnessing high growth, owing to the rapid adoption of rooftop solar power.

Based on region, the global Residential Energy Storage market is segmented into North America, Europe, China, Japan, Southeast Asia India and Other regions (the Middle East & Africa, Central & South America). Research analysts have studied government initiatives, changing the political environment, and social scenarios that are likely to contribute to the growth of the regional markets.

Residential Energy Storage Market Scope

Report Metric

Details

Report Name

Residential Energy Storage Market

Market size value in 2020

6,716.5 Million

Revenue forecast in 2027

13,910 Million

Forecast Period 2022 to 2027 CAGR

12.9%

Base year considered

2021

Historical Data for

2020-2027

Forecast units

Value (USD)

Segments covered

Type, End-User, Offerings, and Region

Market BY Type

Lead–Acid & Lithium-Ion Battery Energy Storage

Market BY Application/End-User

On-Grid & Off-Grid

Report coverage

Revenue & volume forecast, company share, competitive landscape, growth factors, and trends

Geographic regions covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Top Major Players in the Residential Energy Storage Market

  • Samsung SDI
  • LG Chem
  • Hitachi
  • Kokam
  • Fluence Energy
  • LSIS
  • SMA Solar Technology
  • NGK
  • General Electric
  • Primus
  • Panasonic
  • BYD
  • Younicos
  • ABB
  • Saft Batteries
  • Lockheed Martin Energy
  • Eos Energy Storage
  • Con Edison Solutions

Residential Energy Storage Market by Type

  • Li-ion Battery Energy Storage
  • Lead Acid Battery Energy Storage
  • Others

Residential Energy Storage Market by Application

  • On-grid
  • Off-grid

Competitive Landscape:

Factors such as cost analysis, marketing strategy, factor analysis, distributors, sourcing strategy, and industrial chain are all the parts of the global Residential Energy Storage market. The report also includes the analysis of the return on investment (ROI) feasibility with the estimated SWOT analysis.

The report covers the following objectives:

  • Proliferation and maturation of trade in the global Residential Energy Storage market.
  • The market share of the global Residential Energy Storage market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
  • Current and future market trends that are influencing the growth opportunities and growth rate of the global Residential Energy Storage market.
  • Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Residential Energy Storage market
Read More

TABLE OF CONTENT

 

Read More

LIST OF TABLES & FIGURES

 

Read More
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