Residential Energy Storage Market
Residential Energy Storage Market Analysis by Lead-acid and Lithium-ion Technology That is Customer-owned, Utility-owned, and Third-party-owned from 2023 to 2033
Analysis of Residential Energy Storage Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Residential Energy Storage Market Outlook (2023 to 2033)
The global residential energy storage market is valued at US$ 12.2 billion in 2023 and is predicted to jump to US$ 90 billion by 2033-end, expanding at a high-value CAGR of 22% over the decade.
Batteries are used in residential energy storage systems to store excess electricity for future use. These batteries, when combined with solar energy generated by a photovoltaic system, allow for the storage of daylight energy for continuous consumption. Energy storage batteries improve the efficacy of household solar power systems by properly managing electricity usage.
Distributed energy storage devices play an important role in reducing power fluctuations and maintaining good power quality in grid-connected configurations. Their major duty is to precisely size and strategically position energy storage systems within the distribution grid.
They ensure continuation in situations of temporary power outages due to their extremely fast response times. Home energy storage improves energy use by allowing consumers to store extra energy generated by renewable sources during the day for later use. This reduces their reliance on the electricity grid. There is a growing trend of conserving energy from renewable sources and then employing it to offer heating for space, warm water, and electricity to each outlet and device in the home.
Growth of the residential energy storage market can be attributed to the increasing adoption of battery energy storage systems (BESSs) integrated with renewable energy sources and grid connectivity. This integration enables homeowners to store surplus clean energy for personal use or sell it back to the grid.
These systems automatically recharge from the grid during off-peak hours, benefiting from lower electricity rates. This enhanced flexibility makes the energy system more versatile, facilitating a higher share of renewable energy utilization and supporting the grid's decarbonization efforts.
| Report Attributes | Details |
|---|---|
| Residential Energy Storage Market Size (2022) | US$ 10 Billion |
| Estimated Market Value (2023) | US$ 12.2 Billion |
| Forecasted Market Value (2033) | US$ 90 Billion |
| Global Market Growth Rate (2023 to 2033) | 22% CAGR |
| United States Market Value (2023) | US$ 3.5 Billion |
| China Market Value (2033) | US$ 15.5 Billion |
| China Market Growth Rate (2023 to 2023) | 26% CAGR |
| Japan Market Growth Rate (2023 to 2033) | 17% CAGR |
| Germany Market Growth Rate (2023 to 2033) | 20% CAGR |
| Key Companies Profiled | BYD Co. Ltd.; Samsung SDI Co. Ltd.; Eaton Corporation; Siemens AG; Schneider Electric; LG Energy Solution Ltd.; Saft Groupe SA; Sonnen GmbH; Panasonic Corporation |
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What are the Aspects Fueling Global Residential Energy Storage Market Growth?
“Rising Green Energy Adoption & Environmental Awareness and Need for Resilience against Natural Disasters”
Several variables are driving the growth of the domestic energy storage sector. Market expansion in the electricity sector is being driven by the increasing use of battery storage systems, primarily due to the lower cost of batteries. Because of the increasing discretionary incomes around the world, high-value consumers are more likely to have their green energy storage system.
The market share is being driven by its increased demand in industrialized countries with an elevated degree of environmental awareness.
As a result of a continuing investigation in this area, the cost per kilowatt is decreasing. The increasing frequency of storms and wildfires in areas with vulnerable electricity infrastructure is pushing the market to develop solutions for energy storage. Residents in these regions prioritize energy storage as a primary activity to mitigate power disruptions caused by these natural disasters.
"Cost-Effective Solutions and Environmental Benefits Paving the Way for Market Growth"
Growing adoption of renewable energy sources, particularly solar photovoltaic systems, is driving a surge in demand for domestic energy storage systems. Residential, commercial, and industrial consumers who integrate energy storage with renewables can significantly enhance power quality and reliability. This increased system flexibility leads to various advantages, such as improved power quality, reduced peak demand, enhanced transmission and distribution network capacity, avoidance of deviation fines, and more.
Integration of energy storage also enables a reduction in diesel usage for battery backup applications. Consumers are increasingly adopting residential energy storage devices as a cost-effective approach to cut electricity rates. Ability of residential energy storage systems to lessen environmental effects by conserving renewable energy sources, including solar output, is fueling market growth.
Residential energy storage minimizes the amount of electricity consumed by battery-equipped homes during peak costs, leading to a rise in usage in recent years. Usage of battery storage devices is one of the most effective strategies to successfully integrate considerable volumes of solar and wind renewable energy in power systems across the world.
- Toyota, for example, unveiled the O-Uchi Kyuden residential battery storage system on June 2, 2022, based on the company's electrified automobile battery technology. The O-Uchi Kyuden system uses EV battery technology to offer an 8.7 kWh rated capacity and 5.5 kWh rated output. Residents can be provided with power during outages and on a daily basis using technology.
What are the Main Challenges that Residential Energy Storage System Manufacturers Face?
“Logistical Challenges and Technological Limitations Impacting Residential Energy Storage Adoption”
In certain regions, the existing infrastructure may not be well-equipped to handle energy storage integration, posing logistical challenges for adoption. Although battery technology has improved, there are still limitations in terms of storage capacity, efficiency, and lifecycle.
Advancements are continuously being made, but these limitations are expected to impact the overall performance and cost-effectiveness of residential energy storage systems. Regulations and permitting processes can vary widely from one region to another, making it challenging for homeowners to navigate the legal complexities of installing energy storage systems.
“Intermittent Nature of Renewable Energy Sources and Preference for Conventional Utilities”
Renewable energy sources such as solar and wind are intermittent by nature, dependent on weather conditions and daylight availability. This intermittency can create challenges for energy storage systems in maintaining a stable power supply. Traditional utilities may not fully embrace residential energy storage as it could potentially disrupt their existing business models and revenue streams.
Many consumers may not be aware of the benefits of residential energy storage or how these systems work, leading to lower demand and adoption rates. As with any technology involving energy storage, safety is a significant concern. Homeowners may have reservations about having batteries in their homes due to potential safety risks.
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Country-wise Insights
What Makes the United States a Highly Profitable Market for Residential Energy Storage Providers?
“Substantial Investments in Energy Storage Technologies by Established Manufacturers”
Major technological firms are investing in energy storage technologies, and there is growing government support for research efforts related to scaling up home energy storage systems. This trend is aimed at ensuring renewable electricity and reducing the environmental impact, which is significantly contributing to market growth in this region.
- On September 23, 2021, for example, the United States Department of Energy (DOE) announced US$ 17.9 million in funding for four R&D efforts focused on improving domestic manufacturing of flow batteries and long-duration storage systems. This funding is expected to help provide the resources needed to expand the system with new and renewable energy sources, provide low-cost electricity to underserved areas, and contribute to the Biden Administration's goal of net-zero carbon emissions by 2050.
How is Demand for Residential Energy Storage Progressing in India?
“Rising Energy Demand and Government Incentives Driving Need for Residential Energy Storage”
Energy demand in India is rising due to rapid urbanization, industrial growth, and an expanding population. Residential energy storage solutions can help manage peak demand and improve energy efficiency. The Indian government has been actively promoting renewable energy adoption and sustainable practices. Various policies, incentives, and subsidies were in place to encourage the use of residential solar panels and energy storage systems.
Increasing adoption of solar power in residential properties created a demand for energy storage solutions to store excess solar energy generated during sunny hours for later use. Some regions in India experience frequent power outages and grid instability. Residential energy storage systems provide backup power during these disruptions, increasing their attractiveness to homeowners.
- On May 25, 2022, Sungrow, a renowned provider of renewable inverters globally, joined forces with Tata Power Solar Systems Limited, India's largest specialized EPC company, to build the most extensive battery energy storage system (BESS) in the country, boasting a capacity of 60.56 MWh. This groundbreaking facility is located in Phyang, Leh, India.
By collaborating with leading companies such as Tata Power Solar Systems Limited, Sungrow aims to maintain its leadership position in the Indian renewable energy sector while advancing cutting-edge approaches to deliver clean electricity nationwide.
Category-wise Insights
Which Residential Energy Storage Technology is Most Popular?
“Growing Preference for Lithium-Ion Batteries in Residential Energy Storage Systems Due to Their Cost-efficiency”
Based on technology, the domestic energy storage business is separated into batteries with lithium-ion and lead-acid batteries. In terms of revenue, the lithium-ion battery sector is expected to grow significantly during the projection period. Sustainable laws and regulations encourage the use of lithium-ion batteries to decrease carbon emissions. Another key factor driving increasing demand for lithium-ion batteries is their technological and cost benefits over traditional batteries.
Increasing investments by battery manufacturers in the development of more affordable and advanced lithium-ion batteries are supporting the rising need for lithium-ion batteries. Lithium-ion home energy storage has advantages in terms of cost, size, and charging and discharging rates. These features are advantageous to users who connect their power storage to a solar photovoltaic system to charge during the day and utilize the battery pack to power their homes at night.
Why are Customer-owned Residential Energy Storage Systems Gaining Traction?
“Popularity of Solar Roof Charging Schemes Driving Adoption of Customer-Owned Residential Energy Storage Systems”
The customer-owned segment of the domestic energy storage market, which contributes to the majority of revenue, is predicted to expand significantly throughout the forecast period. The high value placed on owning batteries is expected to stimulate demand for customer-owned residential energy storage systems. Another element driving the customer-owned system market is the decreasing cost per kWh of a residential energy storage system. As evidence of the environmental impact in the residential sector emerges, solar roof charging schemes are becoming increasingly popular.
Another key factor driving the development of customer-owned energy systems is the growing desire to reduce electricity costs, as well as extreme weather occurrences that disrupt the power grid, such as gales or storms. Government incentives for developing home storage are another factor fueling the rise of the customer-owned residential segment.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competitive Landscape
The residential energy storage market is highly fragmented, with several important competitors operating at both the global and regional levels. Key players are focusing on innovation and strategic alliances to expand their respective product portfolios and achieve a strong foothold in the global market.
- In August 2022, Tesla partnered with Green Mountain Power (GMP) to install Powerwalls, Tesla's household battery pack, with electricity providers in a decentralized manner. The relatively small electric utility in Vermont was one of the first to utilize the Tesla Powerwall.
- In January 2021, Siemens provided its Digital Enterprise Technology to the United Kingdom’s first lithium-ion battery gigafactory. Britishvolt is expected to have access to Siemens' electricity, robotics, and Digital Twin production management technology.
Key Segments of Residential Energy Storage Industry Research
-
By Power Rating :
- 3 to 6 KW
- 7 to 10 KW
-
By Technology :
- Lead-acid
- Lithium-ion
-
By Ownership :
- Customer-owned
- Utility-owned
- Third-party-owned
-
By Connectivity Type :
- On-grid
- Off-grid
-
By Region :
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Background
- 4. Global Market Pricing Analysis
- 5. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033)
- 6. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Power Ratingefinition
- 6.1. 3 to 6 KW
- 6.2. 7 to 10 KW
- 7. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Technology
- 7.1. Lead-acid
- 7.2. Lithium-ion
- 8. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Ownership8.1. Ownership Definition
- 8.1. Customer-owned
- 8.2. Utility-owned
- 8.3. Third-party-owned
- 9. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Connectivity Type
- 9.1. On-grid
- 9.2. Off-grid
- 10. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Region
- 10.1. North America
- 10.2. Europe
- 10.3. East Asia
- 10.4. South Asia
- 10.5. Latin America
- 10.6. Middle East & Africa (MEA)
- 10.7. Oceania
- 11. North America Market Analysis and Forecast
- 12. Europe Market Analysis and Forecast
- 13. East Asia Market Analysis and Forecast
- 14. South Asia Market Analysis and Forecast
- 15. Latin America Market Analysis and Forecast
- 16. Middle East & Africa Market Analysis and Forecast
- 17. Oceania Market Analysis and Forecast
- 18. Global Market Analysis Key Countries
- 19. Competition Landscape
- 20. Competition Analysis
- 20.1. BYD Co. Ltd.
- 20.2. Samsung SDI Co. Ltd.
- 20.3. Eaton Corporation
- 20.4. Siemens AG
- 20.5. Schneider Electric
- 20.6. LG Energy Solution Ltd.
- 20.7. Saft Groupe SA
- 20.8. Sonnen GmbH
- 20.9. Panasonic Corporation
- 21. Appendix
- 22. Definitions of Analytical Frameworks
- 23. Sources and References
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List Of Table
Table 01: Global Market by Power Rating, 2018 to 2033
Table 02: Global Market Value (US$ Mn), by Power Rating, 2018 to 2033
Table 03: Global Market by Technology, 2018 to 2033
Table 04: Global Market Value (US$ Mn), by Technology, 2018 to 2033
Table 05: Global Market by Ownership, 2018 to 2033
Table 06: Global Market Value (US$ Mn), by Ownership, 2018 to 2033
Table 07: Global Market by Connectivity Type, 2018 to 2033
Table 08: Global Market Value (US$ Mn), by Connectivity Type, 2018 to 2033
Table 09: Global Market by Region, 2018 to 2033
Table 10: Global Market Value (US$ Mn), by Region, 2018 to 2033
Table 11: North America Market by Power Rating, 2018 to 2033
Table 12: North America Market Value (US$ Mn), by Power Rating, 2018 to 2033
Table 13: North America Market by Technology, 2018 to 2033
Table 14: North America Market Value (US$ Mn), by Technology, 2018 to 2033
Table 15: North America Market by Ownership, 2018 to 2033
Table 16: North America Market Value (US$ Mn), by Ownership, 2018 to 2033
Table 17: North America Market by Connectivity Type, 2018 to 2033
Table 18: North America Market Value (US$ Mn), by Connectivity Type, 2018 to 2033
Table 19: North America Market by Country, 2018 to 2033
Table 20: North America Market Value (US$ Mn), by Country, 2018 to 2033
Table 21: Europe Market by Power Rating, 2018 to 2033
Table 22: Europe Market Value (US$ Mn), by Power Rating, 2018 to 2033
Table 23: Europe Market by Technology, 2018 to 2033
Table 24: Europe Market Value (US$ Mn), by Technology, 2018 to 2033
Table 25: Europe Market by Ownership, 2018 to 2033
Table 26: Europe Market Value (US$ Mn), by Ownership, 2018 to 2033
Table 27: Europe Market by Connectivity Type, 2018 to 2033
Table 28: Europe Market Value (US$ Mn), by Connectivity Type, 2018 to 2033
Table 29: Europe Market by Country, 2018 to 2033
Table 30: Europe Market Value (US$ Mn), by Country, 2018 to 2033
Table 31: East Asia Market by Power Rating, 2018 to 2033
Table 32: East Asia Market Value (US$ Mn), by Power Rating, 2018 to 2033
Table 33: East Asia Market by Technology, 2018 to 2033
Table 34: East Asia Market Value (US$ Mn), by Technology, 2018 to 2033
Table 35: East Asia Market by Ownership, 2018 to 2033
Table 36: East Asia Market Value (US$ Mn), by Ownership, 2018 to 2033
Table 37: East Asia Market by Connectivity Type, 2018 to 2033
Table 38: East Asia Market Value (US$ Mn), by Connectivity Type, 2018 to 2033
Table 39: East Asia Market by Country, 2018 to 2033
Table 40: East Asia Market Value (US$ Mn), by Country, 2018 to 2033
Table 41: South Asia Market by Power Rating, 2018 to 2033
Table 42: South Asia Market Value (US$ Mn), by Power Rating, 2018 to 2033
Table 43: South Asia Market by Technology, 2018 to 2033
Table 44: South Asia Market Value (US$ Mn), by Technology, 2018 to 2033
Table 45: South Asia Market by Ownership, 2018 to 2033
Table 46: South Asia Market Value (US$ Mn), by Ownership, 2018 to 2033
Table 47: South Asia Market by Connectivity Type, 2018 to 2033
Table 48: South Asia Market Value (US$ Mn), by Connectivity Type, 2018 to 2033
Table 49: South Asia Market by Country, 2018 to 2033
Table 50: South Asia Market Value (US$ Mn), by Country, 2018 to 2033
Table 51: Latin America Market by Power Rating, 2018 to 2033
Table 52: Latin America Market Value (US$ Mn), by Power Rating, 2018 to 2033
Table 53: Latin America Market by Technology, 2018 to 2033
Table 54: Latin America Market Value (US$ Mn), by Technology, 2018 to 2033
Table 55: Latin America Market by Ownership, 2018 to 2033
Table 56: Latin America Market Value (US$ Mn), by Ownership, 2018 to 2033
Table 57: Latin America Market by Connectivity Type, 2018 to 2033
Table 58: Latin America Market Value (US$ Mn), by Connectivity Type, 2018 to 2033
Table 59: Latin America Market by Country, 2018 to 2033
Table 60: Latin America Market Value (US$ Mn), by Country, 2018 to 2033
Table 61: Middle East and Africa Market by Power Rating, 2018 to 2033
Table 62: Middle East and Africa Market Value (US$ Mn), by Power Rating, 2018 to 2033
Table 63: Middle East and Africa Market by Technology, 2018 to 2033
Table 64: Middle East and Africa Market Value (US$ Mn), by Technology, 2018 to 2033
Table 65: Middle East and Africa Market by Ownership, 2018 to 2033
Table 66: Middle East and Africa Market Value (US$ Mn), by Ownership, 2018 to 2033
Table 67: Middle East and Africa Market by Connectivity Type, 2018 to 2033
Table 68: Middle East and Africa Market Value (US$ Mn), by Connectivity Type, 2018 to 2033
Table 69: Middle East and Africa Market by Country, 2018 to 2033
Table 70: Middle East and Africa Market Value (US$ Mn), by Country, 2018 to 2033
Table 71: Oceania Market by Power Rating, 2018 to 2033
Table 72: Oceania Market Value (US$ Mn), by Power Rating, 2018 to 2033
Table 73: Oceania Market by Technology, 2018 to 2033
Table 74: Oceania Market Value (US$ Mn), by Technology, 2018 to 2033
Table 75: Oceania Market by Ownership, 2018 to 2033
Table 76: Oceania Market Value (US$ Mn), by Ownership, 2018 to 2033
Table 77: Oceania Market by Connectivity Type, 2018 to 2033
Table 78: Oceania Market Value (US$ Mn), by Connectivity Type, 2018 to 2033
Table 79: Oceania Market by Country, 2018 to 2033
Table 80: Oceania Market Value (US$ Mn), by Country, 2018 to 2033
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List Of Figures
Fig 01: Global Market Value (US$) and Y-o-Y Growth, 2018 to 2033
Fig 02: Global Absolute $ Historical Market (2018 to 2022) and Absolute $ Opportunity (2023 to 2033), US$ Mn
Fig 03: Global Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Fig 04: Global Market Incremental $ Opportunity (US$ Thousand), 2023 to 2033
Fig 05: Global Market Share, By Power Rating – 2023 to 2033
Fig 06: Global Market Y-o-Y Growth Projections, By Power Rating – 2023 to 2033
Fig 07: Global Market Attractiveness Index, By Power Rating – 2023 to 2033
Fig 08: Global Market Share, By Technology – 2023 to 2033
Fig 09: Global Market Y-o-Y Growth Projections, By Technology – 2023 to 2033
Fig 10: Global Market Attractiveness Index, By Technology – 2023 to 2033
Fig 11: Global Market Share, By Ownership – 2023 to 2033
Fig 12: Global Market Y-o-Y Growth Projections, By Ownership – 2023 to 2033
Fig 13: Global Market Attractiveness Index, By Ownership – 2023 to 2033
Fig 14: Global Market Share, By Connectivity Type – 2023 to 2033
Fig 15: Global Market Y-o-Y Growth Projections, By Connectivity Type – 2023 to 2033
Fig 16: Global Market Attractiveness Index, By Connectivity Type – 2023 to 2033
Fig 17: Global Market Share, by Region – 2023 to 2033
Fig 18: Global Market Y-o-Y Growth Projections, by Region – 2023 to 2033
Fig 19: Global Market Attractiveness Index, by Region – 2023 to 2033
Fig 20: Y-o-Y Growth Comparison of Market: North America Vs North America Countries Vs North America Average
Fig 21: North America Market Share, By Power Rating – 2023 to 2033
Fig 22: North America Market Y-o-Y Growth Projections, By Power Rating – 2023 to 2033
Fig 23: North America Market Attractiveness Index, By Power Rating – 2023 to 2033
Fig 24: North America Market Share, By Technology – 2023 to 2033
Fig 25: North America Market Y-o-Y Growth Projections, By Technology – 2023 to 2033
Fig 26: North America Market Attractiveness Index, By Technology – 2023 to 2033
Fig 27: North America Market Share, By Ownership – 2023 to 2033
Fig 28: North America Market Y-o-Y Growth Projections, By Ownership – 2023 to 2033
Fig 29: North America Market Attractiveness Index, By Ownership – 2023 to 2033
Fig 30: North America Market Share, By Connectivity Type – 2023 to 2033
Fig 31: North America Market Y-o-Y Growth Projections, By Connectivity Type – 2023 to 2033
Fig 32: North America Market Attractiveness Index, By Connectivity Type – 2023 to 2033
Fig 33: North America Market Share, By Country – 2023 to 2033
Fig 34: North America Market Y-o-Y Growth Projections, By Country – 2023 to 2033
Fig 35: North America Market Attractiveness Index, By Country – 2023 to 2033
Fig 36: Y-o-Y Growth Comparison of Market: Europe Vs Europe Countries Vs Europe Average
Fig 37: Europe Market Share, By Power Rating – 2023 to 2033
Fig 38: Europe Market Y-o-Y Growth Projections, By Power Rating – 2023 to 2033
Fig 39: Europe Market Attractiveness Index, By Power Rating – 2023 to 2033
Fig 40: Europe Market Share, By Technology – 2023 to 2033
Fig 41: Europe Market Y-o-Y Growth Projections, By Technology – 2023 to 2033
Fig 42: Europe Market Attractiveness Index, By Technology – 2023 to 2033
Fig 43: Europe Market Share, By Ownership – 2023 to 2033
Fig 44: Europe Market Y-o-Y Growth Projections, By Ownership – 2023 to 2033
Fig 45: Europe Market Attractiveness Index, By Ownership – 2023 to 2033
Fig 46: Europe Market Share, By Connectivity Type – 2023 to 2033
Fig 47: Europe Market Y-o-Y Growth Projections, By Connectivity Type – 2023 to 2033
Fig 48: Europe Market Attractiveness Index, By Connectivity Type – 2023 to 2033
Fig 49: Europe Market Share, By Country – 2023 to 2033
Fig 50: Europe Market Y-o-Y Growth Projections, By Country – 2023 to 2033
Fig 51: Europe Market Attractiveness Index, By Country – 2023 to 2033
Fig 52: Y-o-Y Growth Comparison of Market: East Asia Vs East Asia Countries Vs East Asia Average
Fig 53: East Asia Market Share, By Power Rating – 2023 to 2033
Fig 54: East Asia Market Y-o-Y Growth Projections, By Power Rating – 2023 to 2033
Fig 55: East Asia Market Attractiveness Index, By Power Rating – 2023 to 2033
Fig 56: East Asia Market Share, By Technology – 2023 to 2033
Fig 57: East Asia Market Y-o-Y Growth Projections, By Technology – 2023 to 2033
Fig 58: East Asia Market Attractiveness Index, By Technology – 2023 to 2033
Fig 59: East Asia Market Share, By Ownership – 2023 to 2033
Fig 60: East Asia Market Y-o-Y Growth Projections, By Ownership – 2023 to 2033
Fig 61: East Asia Market Attractiveness Index, By Ownership – 2023 to 2033
Fig 62: East Asia Market Share, By Connectivity Type – 2023 to 2033
Fig 63: East Asia Market Y-o-Y Growth Projections, By Connectivity Type – 2023 to 2033
Fig 64: East Asia Market Attractiveness Index, By Connectivity Type – 2023 to 2033
Fig 65: East Asia Market Share, By Country – 2023 to 2033
Fig 66: East Asia Market Y-o-Y Growth Projections, By Country – 2023 to 2033
Fig 67: East Asia Market Attractiveness Index, By Country – 2023 to 2033
Fig 68: Y-o-Y Growth Comparison of Market: South Asia Vs South Asia Countries Vs South Asia Average
Fig 69: South Asia Market Share, By Power Rating – 2023 to 2033
Fig 70: South Asia Market Y-o-Y Growth Projections, By Power Rating – 2023 to 2033
Fig 71: South Asia Market Attractiveness Index, By Power Rating – 2023 to 2033
Fig 72: South Asia Market Share, By Technology – 2023 to 2033
Fig 73: South Asia Market Y-o-Y Growth Projections, By Technology – 2023 to 2033
Fig 74: South Asia Market Attractiveness Index, By Technology – 2023 to 2033
Fig 75: South Asia Market Share, By Ownership – 2023 to 2033
Fig 76: South Asia Market Y-o-Y Growth Projections, By Ownership – 2023 to 2033
Fig 77: South Asia Market Attractiveness Index, By Ownership – 2023 to 2033
Fig 78: South Asia Market Share, By Connectivity Type – 2023 to 2033
Fig 78: South Asia Market Y-o-Y Growth Projections, By Connectivity Type – 2023 to 2033
Fig 80: South Asia Market Attractiveness Index, By Connectivity Type – 2023 to 2033
Fig 81: South Asia Market Share, By Country – 2023 to 2033
Fig 82: South Asia Market Y-o-Y Growth Projections, By Country – 2023 to 2033
Fig 83: South Asia Market Attractiveness Index, By Country – 2023 to 2033
Fig 84: Y-o-Y Growth Comparison of Market: Latin America Vs Latin America Countries Vs Latin America Average
Fig 85: Latin America Market Share, By Power Rating – 2023 to 2033
Fig 86: Latin America Market Y-o-Y Growth Projections, By Power Rating – 2023 to 2033
Fig 87: Latin America Market Attractiveness Index, By Power Rating – 2023 to 2033
Fig 88: Latin America Market Share, By Technology – 2023 to 2033
Fig 89: Latin America Market Y-o-Y Growth Projections, By Technology – 2023 to 2033
Fig 90: Latin America Market Attractiveness Index, By Technology – 2023 to 2033
Fig 91: Latin America Market Share, By Ownership – 2023 to 2033
Fig 92: Latin America Market Y-o-Y Growth Projections, By Ownership – 2023 to 2033
Fig 93: Latin America Market Attractiveness Index, By Ownership – 2023 to 2033
Fig 94: Latin America Market Share, By Connectivity Type – 2023 to 2033
Fig 95: Latin America Market Y-o-Y Growth Projections, By Connectivity Type – 2023 to 2033
Fig 96: Latin America Market Attractiveness Index, By Connectivity Type – 2023 to 2033
Fig 97: Latin America Market Share, By Country – 2023 to 2033
Fig 98: Latin America Market Y-o-Y Growth Projections, By Country – 2023 to 2033
Fig 99: Latin America Market Attractiveness Index, By Country – 2023 to 2033
Fig 100: Y-o-Y Growth Comparison of Market: MEA Vs MEA Countries Vs MEA Average
Fig 101: MEA Market Share, By Power Rating – 2023 to 2033
Fig 102: MEA Market Y-o-Y Growth Projections, By Power Rating – 2023 to 2033
Fig 103: MEA Market Attractiveness Index, By Power Rating – 2023 to 2033
Fig 104: MEA Market Share, By Technology – 2023 to 2033
Fig 105: MEA Market Y-o-Y Growth Projections, By Technology – 2023 to 2033
Fig 106: MEA Market Attractiveness Index, By Technology – 2023 to 2033
Fig 107: MEA Market Share, By Ownership – 2023 to 2033
Fig 108: MEA Market Y-o-Y Growth Projections, By Ownership – 2023 to 2033
Fig 109: MEA Market Attractiveness Index, By Ownership – 2023 to 2033
Fig 110: MEA Market Share, By Connectivity Type – 2023 to 2033
Fig 111: MEA Market Y-o-Y Growth Projections, By Connectivity Type – 2023 to 2033
Fig 112: MEA Market Attractiveness Index, By Connectivity Type – 2023 to 2033
Fig 113: MEA Market Share, By Country – 2023 to 2033
Fig 114: MEA Market Y-o-Y Growth Projections, By Country – 2023 to 2033
Fig 115: MEA Market Attractiveness Index, By Country – 2023 to 2033
Fig 116: Y-o-Y Growth Comparison of Market: Oceania Vs Oceania Countries Vs Oceania Average
Fig 117: Oceania Market Share, By Power Rating – 2023 to 2033
Fig 118: Oceania Market Y-o-Y Growth Projections, By Power Rating – 2023 to 2033
Fig 119: Oceania Market Attractiveness Index, By Power Rating – 2023 to 2033
Fig 120: Oceania Market Share, By Technology – 2023 to 2033
Fig 121: Oceania Market Y-o-Y Growth Projections, By Technology – 2023 to 2033
Fig 122: Oceania Market Attractiveness Index, By Technology – 2023 to 2033
Fig 123: Oceania Market Share, By Ownership – 2023 to 2033
Fig 124: Oceania Market Y-o-Y Growth Projections, By Ownership – 2023 to 2033
Fig 125: Oceania Market Attractiveness Index, By Ownership – 2023 to 2033
Fig 126: Oceania Market Share, By Connectivity Type – 2023 to 2033
Fig 127: Oceania Market Y-o-Y Growth Projections, By Connectivity Type – 2023 to 2033
Fig 128: Oceania Market Attractiveness Index, By Connectivity Type – 2023 to 2033
Fig 129: Oceania Market Share, By Country – 2023 to 2033
Fig 130: Oceania Market Y-o-Y Growth Projections, By Country – 2023 to 2033
Fig 131: Oceania Market Attractiveness Index, By Country – 2023 to 2033
Fig 132: United States Market share by Power Rating, 2022
Fig 133: United States Market share by Technology, 2022
Fig 134: United States Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 135: United States Market Share by Connectivity Type, 2022
Fig 136: Canada Market share by Power Rating, 2022
Fig 137: Canada Market share by Technology, 2022
Fig 138: Canada Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 139: Canada Market Share by Connectivity Type, 2022
Fig 140: Germany Market share by Power Rating, 2022
Fig 141: Germany Market share by Technology, 2022
Fig 142: Germany Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 143: Germany Market Share by Connectivity Type, 2022
Fig 144: United Kingdom Market share by Power Rating, 2022
Fig 145: United Kingdom Market share by Technology, 2022
Fig 146: United Kingdom Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 147: United Kingdom Market Share by Connectivity Type, 2022
Fig 148: France Market share by Power Rating, 2022
Fig 149: France Market share by Technology, 2022
Fig 150: France Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 151: France Market Share by Connectivity Type, 2022
Fig 152: Russia Market share by Power Rating, 2022
Fig 153: Russia Market share by Technology, 2022
Fig 154: Russia Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 155: Russia Market Share by Connectivity Type, 2022
Fig 156: Spain Market share by Power Rating, 2022
Fig 157: Spain Market share by Technology, 2022
Fig 158: Spain Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 159: Spain Market Share by Connectivity Type, 2022
Fig 160: Italy Market share by Power Rating, 2022
Fig 161: Italy Market share by Technology, 2022
Fig 162: Italy Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 163: Italy Market Share by Connectivity Type, 2022
Fig 164: China Market share by Power Rating, 2022
Fig 165: China Market share by Technology, 2022
Fig 166: China Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 167: China Market Share by Connectivity Type, 2022
Fig 168: Japan Market share by Power Rating, 2022
Fig 169: Japan Market share by Technology, 2022
Fig 170: Japan Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 171: Japan Market Share by Connectivity Type, 2022
Fig 172: South Korea Market share by Power Rating, 2022
Fig 173: South Korea Market share by Technology, 2022
Fig 174: South Korea Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 175: South Korea Market Share by Connectivity Type, 2022
Fig 176: India Market share by Power Rating, 2022
Fig 177: India Market share by Technology, 2022
Fig 178: India Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 179: India Market Share by Connectivity Type, 2022
Fig 180: Singapore Market share by Power Rating, 2022
Fig 181: Singapore Market share by Technology, 2022
Fig 182: Singapore Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 183: Singapore Market Share by Connectivity Type, 2022
Fig 184: Indonesia Market share by Power Rating, 2022
Fig 185: Indonesia Market share by Technology, 2022
Fig 186: Indonesia Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 187: Indonesia Market Share by Connectivity Type, 2022
Fig 188: Thailand Market share by Power Rating, 2022
Fig 189: Thailand Market share by Technology, 2022
Fig 190: Thailand Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 191: Thailand Market Share by Connectivity Type, 2022
Fig 192: Brazil Market share by Power Rating, 2022
Fig 193: Brazil Market share by Technology, 2022
Fig 194: Brazil Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 195: Brazil Market Share by Connectivity Type, 2022
Fig 196: Mexico Market share by Power Rating, 2022
Fig 197: Mexico Market share by Technology, 2022
Fig 198: Mexico Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 199: Mexico Market Share by Connectivity Type, 2022
Fig 200: Turkey Market share by Power Rating, 2022
Fig 201: Turkey Market share by Technology, 2022
Fig 202: Turkey Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 203: Turkey Market Share by Connectivity Type, 2022
Fig 204: GCC Countries Market share by Power Rating, 2022
Fig 205: GCC Countries Market share by Technology, 2022
Fig 206: GCC Countries Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 207: GCC Countries Market Share by Connectivity Type, 2022
Fig 208: South Africa Market share by Power Rating, 2022
Fig 209: South Africa Market share by Technology, 2022
Fig 210: South Africa Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 211: South Africa Market Share by Connectivity Type, 2022
Fig 212: Australia Market share by Power Rating, 2022
Fig 213: Australia Market share by Technology, 2022
Fig 214: Australia Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 215: Australia Market Share by Connectivity Type, 2022
Fig 216: New Zealand Market share by Power Rating, 2022
Fig 217: New Zealand Market share by Technology, 2022
Fig 218: New Zealand Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 219: New Zealand Market Share by Connectivity Type, 2022
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the value of the residential energy storage market in 2023?
The global residential energy storage market is valued at US$ 12.2 billion in 2023.
What is the projected growth rate for the residential energy storage market?
The market for residential energy storage is predicted to expand at a CAGR of 22% from 2023 to 2033.
What is the demand outlook for residential energy storage for 2033?
Demand for residential energy storage is anticipated to reach a market value of US$ 90 billion by 2033.
At what rate is the market in Japan predicted to grow?
The market in Japan is forecasted to expand at a CAGR of 17% through 2033.
What is the forecasted growth rate for the market in Germany?
The market in Germany is projected to surge ahead at a CAGR of 20% through 2033.
Residential Energy Storage Market