Residential Energy Storage Market by Power Rating (10-29 kW, 3?6 kW, 6?10 kW), Technology, Connectivity Type, Operation Type, Ownership Type

List of Tables

The Residential Energy Storage Market is projected to reach USD 8.60 billion by 2030 from USD 4.84 billion in 2022, at a CAGR of 7.45% during the forecast period.

Global Residential Energy Storage Market

KEY MARKET STATISTICS
Base Year Value [2022]	USD 4.84 billion
Estimated Year Value [2023]	USD 5.18 billion
Forecast Year Value [2030]	USD 8.60 billion
CAGR (%)	7.45%

Residential Energy Storage Market - IMG1

Market Segmentation & Coverage:

This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Residential Energy Storage Market.

Based on Power Rating, market is studied across 10-29 kW, 3-6 kW, and 6-10 kW. The 3-6 kW is projected to witness significant market share during forecast period.

Based on Technology, market is studied across Lead-Acid and Lithium-Ion. The Lead-Acid is projected to witness significant market share during forecast period.

Based on Connectivity Type, market is studied across Off-Grid and On-Grid. The Off-Grid is projected to witness significant market share during forecast period.

Based on Operation Type, market is studied across Solar & Storage Systems and Standalone Systems. The Standalone Systems is projected to witness significant market share during forecast period.

Based on Ownership Type, market is studied across Customer Owned, Third-Party Owned, and Utility Owned. The Third-Party Owned is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 37.14% in 2022, followed by Americas.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is an indispensable tool for assessing the Residential Energy Storage Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.

Market Share Analysis:

The Market Share Analysis offers invaluable insights into the vendor landscape Residential Energy Storage Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.

Key Company Profiles:

The report delves into recent significant developments in the Residential Energy Storage Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Alpha ESS Co., Ltd., BYD Company Limited, Consolidated Electrical Distributors, Inc., Covestro AG, Delta Electronics, Inc., East Penn Manufacturing Co. Inc., Eaton Corporation, EDF Energy Group, Generac Power Systems, Inc, HAIKAI, Hitachi Chemical Co. Ltd., Huawei Technologies Co. Ltd., LG Chem Ltd., Panasonic Corporation, Samsung SDI Co., Ltd., Schneider Electric SE, Siemens AG, Sonnen GmbH, Sungrow Deutschland GmbH, SunPower Corporation, Sunrun Inc., Tesla, and TotalEnergies.

The report offers valuable insights on the following aspects:

1. Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.

2. Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.

3. Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.

4. Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.

5. Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast for the Residential Energy Storage Market?

2. Which products, segments, applications, and areas hold the highest investment potential in the Residential Energy Storage Market?

3. What is the competitive strategic window for identifying opportunities in the Residential Energy Storage Market?

4. What are the latest technology trends and regulatory frameworks in the Residential Energy Storage Market?

5. What is the market share of the leading vendors in the Residential Energy Storage Market?

6. Which modes and strategic moves are suitable for entering the Residential Energy Storage Market?

Product Code: MRR-6E71EA1EF124

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Residential Energy Storage Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing demand for non-interrupted and reliable power supply
  - 5.1.1.2. Rising adoption of solar rooftop systems coupled with increasing awareness regarding environmental conservation
  - 5.1.1.3. Favorable regulatory support and financial incentives for renewable energy adoption
- 5.1.2. Restraints
  - 5.1.2.1. High cost of installation of solar plus battery systems
- 5.1.3. Opportunities
  - 5.1.3.1. Rising development of smart grid infrastructure and the advancement of lithium-ion battery technology
  - 5.1.3.2. Surge in integration of smart energy management systems
- 5.1.4. Challenges
  - 5.1.4.1. Dearth of standards and interoperability and associated technical issues
5.2. Market Segmentation Analysis
- 5.2.1. Power Rating: 10-29 kW power rating providing highest capacity and performance
- 5.2.2. Technology: Proliferating use of lead-acid batteries to provide cost-effective and short-term energy storage solutions
- 5.2.3. Connectivity Type: Penetrating utilization of on-grid connectivity systems to efficiently manage electricity consumption
- 5.2.4. Operation Type: Solar & storage systems provide energy independence and reduce greenhouse gas emissions
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Residential Energy Storage Market, by Power Rating

6.1. Introduction
6.2. 10-29 kW
6.3. 3-6 kW
6.4. 6-10 kW

7. Residential Energy Storage Market, by Technology

7.1. Introduction
7.2. Lead-Acid
7.3. Lithium-Ion

8. Residential Energy Storage Market, by Connectivity Type

8.1. Introduction
8.2. Off-Grid
8.3. On-Grid

9. Residential Energy Storage Market, by Operation Type

9.1. Introduction
9.2. Solar & Storage Systems
9.3. Standalone Systems

10. Residential Energy Storage Market, by Ownership Type

10.1. Introduction
10.2. Customer Owned
10.3. Third-Party Owned
10.4. Utility Owned

11. Americas Residential Energy Storage Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Residential Energy Storage Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Residential Energy Storage Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. FPNV Positioning Matrix
14.2. Market Share Analysis, By Key Player
14.3. Competitive Scenario Analysis, By Key Player
- 14.3.1. Agreement, Collaboration, & Partnership
  - 14.3.1.1. JinkoSolar Signs Strategic Distribution Agreement for Residential Storage Solution with V. Kafkas SA
- 14.3.2. New Product Launch & Enhancement
  - 14.3.2.1. LG Energy Solution Launches Prime+ ESS in the U.S.
  - 14.3.2.2. Lunar Energy Announces New Residential Energy Storage System

15. Competitive Portfolio

15.1. Key Company Profiles
- 15.1.1. ABB Ltd.
- 15.1.2. Alpha ESS Co., Ltd.
- 15.1.3. BYD Company Limited
- 15.1.4. Consolidated Electrical Distributors, Inc.
- 15.1.5. Covestro AG
- 15.1.6. Delta Electronics, Inc.
- 15.1.7. East Penn Manufacturing Co. Inc.
- 15.1.8. Eaton Corporation
- 15.1.9. EDF Energy Group
- 15.1.10. Generac Power Systems, Inc
- 15.1.11. HAIKAI
- 15.1.12. Hitachi Chemical Co. Ltd.
- 15.1.13. Huawei Technologies Co. Ltd.
- 15.1.14. LG Chem Ltd.
- 15.1.15. Panasonic Corporation
- 15.1.16. Samsung SDI Co., Ltd.
- 15.1.17. Schneider Electric SE
- 15.1.18. Siemens AG
- 15.1.19. Sonnen GmbH
- 15.1.20. Sungrow Deutschland GmbH
- 15.1.21. SunPower Corporation
- 15.1.22. Sunrun Inc.
- 15.1.23. Tesla
- 15.1.24. TotalEnergies
15.2. Key Product Portfolio

16. Appendix

16.1. Discussion Guide
16.2. License & Pricing