PUBLISHER: QYResearch | PRODUCT CODE: 1873356
PUBLISHER: QYResearch | PRODUCT CODE: 1873356
The global market for Residential Energy Storage was estimated to be worth US$ 5026 million in 2024 and is forecast to a readjusted size of US$ 11121 million by 2031 with a CAGR of 12.0% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Residential Energy Storage cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Energy storage systems are the set of methods and technologies used to store various forms of energy. Residential Energy storage is the capture of energy produced at one time for use at a later time for home. A device that stores energy is generally called an accumulator or battery.
The residential energy storage market is experiencing significant growth, driven by rising consumer demand for energy independence, increasing adoption of rooftop solar systems, and growing concerns about power reliability and grid instability. Residential energy storage systems (ESS) allow homeowners to store electricity-typically generated from solar photovoltaic (PV) panels or drawn from the grid during off-peak hours-and use it later during peak demand periods or power outages. This enhances energy self-consumption, reduces reliance on the grid, and can lead to lower electricity bills, especially in regions with time-of-use pricing or feed-in tariff reductions. Advancements in battery technology, especially lithium-ion batteries, have made home storage systems more compact, efficient, and affordable. Companies like Tesla (with its Powerwall), LG Energy Solution, Sonnen, BYD, and Enphase Energy are leading the residential ESS space, offering integrated storage solutions with smart energy management capabilities. These systems often come with features like remote monitoring, real-time energy usage data, and the ability to optimize energy flows based on consumption patterns and weather forecasts. Government policies and incentives are also playing a critical role in accelerating adoption. Countries such as Germany, Australia, the United States, and Japan have introduced subsidies, tax credits, and net metering programs to support residential solar-plus-storage systems. In regions prone to extreme weather events, such as California or parts of Southeast Asia, residential storage is increasingly viewed not just as a way to save money but as an essential tool for energy resilience and disaster preparedness. The market is also being shaped by broader trends in electrification, such as the growth of electric vehicles (EVs) and smart home integration. Homeowners are increasingly interested in creating "energy ecosystems" that link solar panels, batteries, EV chargers, and smart appliances into unified systems that can optimize energy use, reduce emissions, and respond to dynamic electricity pricing.
This report aims to provide a comprehensive presentation of the global market for Residential Energy Storage, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Residential Energy Storage by region & country, by Type, and by Application.
The Residential Energy Storage market size, estimations, and forecasts are provided in terms of sales volume (MWh) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Residential Energy Storage.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Residential Energy Storage manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Residential Energy Storage in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Residential Energy Storage in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.