Global Residential Solar Energy Storage Market Growth, Size, Trends Analysis- By Power Rating, By Technology - Regional Outlook, Competitive Strategies and Segment Forecast to 2034

Description

Global Residential Solar Energy Storage Market Introduction and Overview

According to SPER market research, 'Global Residential Solar Energy Storage Market Size- By Type, By Application, By Category, By Source - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Global Residential Solar Energy Storage Market is predicted to reach 337.49 Billion by 2034 with a CAGR 18.56%.

Residential solar energy storage involves using battery systems to store excess electricity generated by home solar panels. When solar panels produce more power than the household consumes-typically during daylight hours-the surplus energy is stored in batteries rather than being fed back into the grid. This stored energy can then be used later, such as at night, during peak electricity pricing periods, or during power outages.

Restraints: The residential solar energy storage market encounters several challenges, including high initial costs that restrict accessibility for many homeowners. Unclear and varying regulations across regions hinder widespread adoption. Technical difficulties arise from integrating systems with current grid infrastructure and the demand for skilled installers. Supply chain disruptions, particularly shortages of essential materials like lithium, lead to delays and increased prices.

Scope of the report:

Report Metric Details

Market size available for years 2021-2034

Base year considered 2024

Forecast period 2025-2034

Segments covered By Power Rating, By Technology

Regions covered North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa

Companies Covered

ABB, Eaton, Enphase Energy, EnerSys, Fluence, Honeywell, Huawei, Johnson Controls, Leclanche, LG Electronics, Maxwell Technologies.

Global Residential Solar Energy Storage Market Segmentation:

By Power: Based on the Power, Global Residential Solar Energy Storage Market is segmented as; ≤ 3 kW, > 3 kW - 6 kW, > 6 kW.

By Technology: Based on the Technology, Global Residential Solar Energy Storage Market is segmented as; Lithium Ion, Lead Acid.

By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe and Middle East & Africa.

Product Code: POAE25116

1.Introduction

1.1.Scope of the report
1.2.Market segment analysis

2.Research Methodology

2.1.Research data source
- 2.1.1.Secondary Data
- 2.1.2.Primary Data
- 2.1.3.SPERs internal database
- 2.1.4.Premium insight from KOLs
2.2.Market size estimation
- 2.2.1.Top-down and Bottom-up approach
2.3.Data triangulation

3.Executive Summary

4.Market Dynamics

4.1.Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1.Drivers
- 4.1.2.Restraints
- 4.1.3.Opportunities
- 4.1.4.Challenges

5.Market variable and outlook

5.1.SWOT Analysis
- 5.1.1.Strengths
- 5.1.2.Weaknesses
- 5.1.3.Opportunities
- 5.1.4.Threats
5.2.PESTEL Analysis
- 5.2.1.Political Landscape
- 5.2.2.Economic Landscape
- 5.2.3.Social Landscape
- 5.2.4.Technological Landscape
- 5.2.5.Environmental Landscape
- 5.2.6.Legal Landscape
5.3.PORTERs Five Forces
- 5.3.1.Bargaining power of suppliers
- 5.3.2.Bargaining power of buyers
- 5.3.3.Threat of Substitute
- 5.3.4.Threat of new entrant
- 5.3.5.Competitive rivalry
5.4.Heat Map Analysis

6.Competitive Landscape

6.1.Global Residential Solar Energy Storage Market Manufacturing Base Distribution, Sales Area, Product Type
6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Residential Solar Energy Storage Market

7.Global Residential Solar Energy Storage Market, By Power Rating, (USD Million) 2021-2034

7.1.≤3 kW
7.2.> 3 kW - 6 kW
7.3.> 6 kW

8.Global Residential Solar Energy Storage Market, By Technology, (USD Million) 2021-2034

8.1.Lithium Ion
8.2.Lead Acid

9.Global Residential Solar Energy Storage Market, (USD Million) 2021-2034

9.1.Global Residential Solar Energy Storage Market Size and Market Share

10.Global Residential Solar Energy Storage Market, By Region, 2021-2034 (USD Million)

10.1.Asia-Pacific
- 10.1.1.Australia
- 10.1.2.China
- 10.1.3.India
- 10.1.4.Japan
- 10.1.5.South Korea
- 10.1.6.Rest of Asia-Pacific
10.2.Europe
- 10.2.1.France
- 10.2.2.Germany
- 10.2.3.Italy
- 10.2.4.Spain
- 10.2.5.United Kingdom
- 10.2.6.Rest of Europe
10.3.Middle East and Africa
- 10.3.1.Kingdom of Saudi Arabia
- 10.3.2.United Arab Emirates
- 10.3.3.Qatar
- 10.3.4.South Africa
- 10.3.5.Egypt
- 10.3.6.Morocco
- 10.3.7.Nigeria
- 10.3.8.Rest of Middle-East and Africa
10.4.North America
- 10.4.1.Canada
- 10.4.2.Mexico
- 10.4.3.United States
10.5.Latin America
- 10.5.1.Argentina
- 10.5.2.Brazil
- 10.5.3.Rest of Latin America

11.Company Profile

11.1.ABB
- 11.1.1.Company details
- 11.1.2.Financial outlook
- 11.1.3.Product summary
- 11.1.4.Recent developments
11.2.Eaton
- 11.2.1.Company details
- 11.2.2.Financial outlook
- 11.2.3.Product summary
- 11.2.4.Recent developments
11.3.Enphase Energy
- 11.3.1.Company details
- 11.3.2.Financial outlook
- 11.3.3.Product summary
- 11.3.4.Recent developments
11.4.EnerSys
- 11.4.1.Company details
- 11.4.2.Financial outlook
- 11.4.3.Product summary
- 11.4.4.Recent developments
11.5.Fluence
- 11.5.1.Company details
- 11.5.2.Financial outlook
- 11.5.3.Product summary
- 11.5.4.Recent developments
11.6.Honeywell
- 11.6.1.Company details
- 11.6.2.Financial outlook
- 11.6.3.Product summary
- 11.6.4.Recent developments
11.7.Huawei
- 11.7.1.Company details
- 11.7.2.Financial outlook
- 11.7.3.Product summary
- 11.7.4.Recent developments
11.8.Johnson Controls
- 11.8.1.Company details
- 11.8.2.Financial outlook
- 11.8.3.Product summary
- 11.8.4.Recent developments
11.9.Leclanche
- 11.9.1.Company details
- 11.9.2.Financial outlook
- 11.9.3.Product summary
- 11.9.4.Recent developments
11.10.LG Electronics
- 11.10.1.Company details
- 11.10.2.Financial outlook
- 11.10.3.Product summary
- 11.10.4.Recent developments
11.11.Maxwell Technologies
- 11.11.1.Company details
- 11.11.2.Financial outlook
- 11.11.3.Product summary
- 11.11.4.Recent developments
11.12.Others