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> Energy, Power and Mining> Residential Energy Storage Market
Energy, Power and Mining EP0030 January 2020 Share

Residential Energy Storage Market

The Residential Energy Storage market is expected to grow from USD 7.5 billion in 2019 to USD 24.36 billion by 2025 at a CAGR of 21.69% from 2019 to 2025.

Increasing demand for uninterrupted and reliable power supply and the increase in the adoption of solar rooftop systems by the residential sector is anticipated to be the major drivers for the market studied. But the high installation cost for solar plus battery systems is expected to hinder the development. Residential energy storage systems technologies that are currently in use worldwide. Residential home battery technologies are used across a number of industries and applications, like automotive, renewable energy, and telecommunications. The technologies debated in this report are in use across the industries mentioned above and many more as well, as new sectors are driven by product and technological innovation emerge. The global market is segregated on the basis of Connectivity Type as Off-grid and On-grid. Based on Ownership Type the market is segmented in Utility owned, Third-party owned, and Customer owned. Based on Technology the market is segmented in Lead–Acid and Lithium-ion. Based on Power Rating, the market is segmented in 6–10 kW and 3–6 kW. The report also bifurcates the market based on Operation Type in Solar and storage and Standalone systems.

The global market report provides geographical analysis covering regions, such as North America, Europe, Asia-Pacific, and the Rest of the World. The market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Rivalry

Huawei (China), Samsung SDI Co. Ltd. (South Korea), Tesla (US), LG Chem (South Korea), SMA Solar Technology (Germany), BYD (China), Siemens (Germany), Eaton (Ireland), Schneider Electric (France), ABB (Switzerland), and others are among the major players in the market. The companies studied in terms of product strategy and various n several growths and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

The global Residential Energy Storage market has been segmented as below:

By Connectivity Type

  • Off-grid
  • On-grid

By Ownership Type

  • Utility owned
  • Third-party owned
  • Customer-owned

By Technology

  • Lead–Acid
  • Lithium-ion

By Power Rating

  • 6–10 kW
  • 3–6 kW

By Operation Type

  • Solar and storage
  • Standalone systems

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

By Company

  • Huawei (China)
  • Samsung SDI Co. Ltd. (South Korea)
  • Tesla (US)
  • LG Chem (South Korea)
  • SMA Solar Technology (Germany)
  • BYD (China)
  • Siemens (Germany)
  • Eaton (Ireland)
  • Schneider Electric (France)
  • ABB (Switzerland)
  • Tabuchi Electric (Japan)
  • Eguana Technologies (Canada)

The report covers the below scope:

  • Global market sizes from 2019 to 2025, along with CAGR for 2020-2025
  • Market size comparison for 2020 vs 2025, with actual data for 2020, estimates for 2021 and forecast from 2021 to 2025
  • Global market trends, covering a comprehensive range of consumer trends & manufacturer trends
  • Value chain analysis covering participants from raw material suppliers to the downstream buyer in the market
  • Major market opportunities and challenges in forecast timeframe to be focused
  • Competitive landscape with analysis of competition pattern, portfolio comparisons, development trends, and strategic management
  • Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

  • Base year - 2019
  • Estimated year - 2020
  • Projected year - 2021
  • Forecast period - 2021 to 2025

Report Scope:

The global market report scope includes a detailed study covering underlying factors influencing the industry trends. The report covers the analysis of regional and country-level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes a detailed competitive outlook covering market shares and profiles key participants in the market share. Major industry players with significant revenue share include Huawei (China), Samsung SDI Co. Ltd. (South Korea), Tesla (US), LG Chem (South Korea), SMA Solar Technology (Germany), BYD (China), Siemens (Germany), Eaton (Ireland), Schneider Electric (France), ABB (Switzerland), and others.

Why to Buy this Report:

  • Gain detailed insights on the Residential Energy Storage industry trends
  • Find a complete analysis of the market status
  • Identify the market opportunities and growth segments
  • Analyze competitive dynamics by evaluating business segments & product portfolios
  • Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

The report targeted the existing players in the industry is as follows:

  • Market Manufacturers/Service Providers
  • Market Wholesale/Traders
  • Investment and Financial Institutions

Free and Paid Customization based on the requirement

Report Content

  1. Introduction

            1.1 Key Insights

            1.2 Report Overview

            1.3 Markets Covered

            1.4 Stakeholders

  1. Research Methodology

            2.1 Research Scope

            2.2 Market Research Process

            2.3 Research Data Analysis

                        2.4.1 Secondary Research

                        2.4.2 Primary Research

                        2.4.3 Models for Estimation

            2.5 Market Size Estimation

                        2.5.1 Bottom-Up Approach - Segmental Market Analysis

                        2.5.2 Top-Down Approach - Parent Market Analysis

  1. Executive Summary
  2. Market Overview

            4.1 Introduction

                        4.2.1 Drivers

                        4.2.2 Restraints

                        4.2.3 Opportunities

                        4.2.4 Challenges

            4.2 Porter's Five Force Analysis

  1. By Connectivity Type

            5.1 Introduction

            5.2 Off-grid

                        5.2.1 Market Overview

                        5.2.2 Market Size and Forecast

            5.3 On-grid

                        5.3.1 Market Overview

                        5.3.2 Market Size and Forecast

  1. By Ownership Type

            6.1 Introduction

            6.2 Utility owned

                        6.2.1 Market Overview

                        6.2.2 Market Size and Forecast

            6.3 Third-party owned

                        6.3.1 Market Overview

                        6.3.2 Market Size and Forecast

            6.4 Customer owned

                        6.4.1 Market Overview

                        6.4.2 Market Size and Forecast

  1. By Technology

            7.1 Introduction

            7.2 Lead–Acid

                        7.2.1 Market Overview

                        7.2.2 Market Size and Forecast

            7.3 Lithium-ion

                        7.3.1 Market Overview

                        7.3.2 Market Size and Forecast

  1. By Power Rating

            8.1 Introduction

            8.2 6–10 kW

                        8.2.1 Market Overview

                        8.2.2 Market Size and Forecast

            8.3 3–6 kW

                        8.3.1 Market Overview

                        8.3.2 Market Size and Forecast

  1. By Operation Type

            9.1 Introduction

            9.2 Solar and storage

                        9.2.1 Market Overview

                        9.2.2 Market Size and Forecast

            9.3 Standalone systems

                        9.3.1 Market Overview

                        9.3.2 Market Size and Forecast

  1. By Geography

            10.1 Introduction

            10.2 North America

                        10.2.1 North America Market, By Connectivity Type

                        10.2.2 North America Market, By Ownership Type

                        10.2.3 North America Market, By Technology

                        10.2.4 North America Market, By Power Rating

                        10.2.5 North America Market, By Operation Type

            10.3 Europe

                        10.3.1 Europe Market, By Connectivity Type

                        10.3.2 Europe Market, By Ownership Type

                        10.3.3 Europe Market, By Technology

                        10.3.4 Europe Market, By Power Rating

                        10.3.5 Europe Market, By Operation Type

            10.4 Asia-Pacific

                        10.4.1 Asia-Pacific Market, By Connectivity Type

                        10.4.2 Asia-Pacific Market, By Ownership Type

                        10.4.3 Asia-Pacific Market, By Technology

                        10.4.4 Asia-Pacific Market, By Power Rating

                        10.4.5 Asia-Pacific Market, By Operation Type

            10.5 Rest of the World

                        10.5.1 Rest of the World Market, By Connectivity Type

                        10.5.2 Rest of the World Market, By Ownership Type

                        10.5.3 Rest of the World Market, By Technology

                        10.5.4 Rest of the World Market, By Power Rating

                        10.5.5 Rest of the World Market, By Operation Type

  1. Competitive Insights

            11.1 Key Insights

            11.2 Company Market Share Analysis

            11.3 Strategic Outlook

                        11.3.1 Mergers & Acquisitions

                        11.3.2 New Product Development

                        11.3.3 Portfolio/Production Capacity Expansions

                        11.3.4 Joint Ventures, Collaborations, Partnerships & Agreements

                        11.3.5 Others

  1. Company Profiles
  • Huawei (China)
  • Samsung SDI Co. Ltd. (South Korea)
  • Tesla (US)
  • LG Chem (South Korea)
  • SMA Solar Technology (Germany)
  • BYD (China)
  • Siemens (Germany)
  • Eaton (Ireland)
  • Schneider Electric (France)
  • ABB (Switzerland)
  • Tabuchi Electric (Japan)
  • Eguana Technologies (Canada)

The global Residential Energy Storage market has been segmented as below:

By Connectivity Type

  • Off-grid
  • On-grid

By Ownership Type

  • Utility owned
  • Third-party owned
  • Customer-owned

By Technology

  • Lead–Acid
  • Lithium-ion

By Power Rating

  • 6–10 kW
  • 3–6 kW

By Operation Type

  • Solar and storage
  • Standalone systems

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Residential Energy Storage Market, By Company

  • Huawei (China)
  • Samsung SDI Co. Ltd. (South Korea)
  • Tesla (US)
  • LG Chem (South Korea)
  • SMA Solar Technology (Germany)
  • BYD (China)
  • Siemens (Germany)
  • Eaton (Ireland)
  • Schneider Electric (France)
  • ABB (Switzerland)
  • Tabuchi Electric (Japan)
  • Eguana Technologies (Canada)

FAQ's

The global residential energy storage market size is expected to surpass USD 24.36 billion by 2025.

Huawei, Samsung SDI Co. Ltd., Tesla, LG Chem, SMA Solar Technology, BYD, Siemens, Eaton, Schneider Electric, ABB, Tabuchi Electric, Eguana Technologies are among the key players in the global residential energy storage market. We provide a minimum of 12 company profiles in the report.

The lithium-ion holds a leading market share in the residential energy storage market share in 2019.

Yes, the individual sections of the report can be purchased. Please contact our sales representative to assist you in this regard.

Market Reports Library offers report customizations according to the client requirements, as we understand that the client requirements may not be solely satisfied by our syndicated reports. We offer a dedicated team for the customizations offering maximum value output for the money spent by the client. The modifications of report scope and additional insights are provided free as post-sale support to an extent of 10% of the report cost.

An instant invoice is sent to you through email once the payment process is completed.

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