Residential Energy Storage Global Market Report 2024

Global Residential Energy Storage Market Report 2024

Residential Energy Storage Global Market Report 2024 – By Technology (Lead-Acid, Lithium-Ion), By Utility (3KW To < 6KW, 6KW To < 10KW, 10KW To 29KW), By Connectivity (On-Grid, Off-Grid), By Ownership Type (Customer Owned, Utility Owned, Third-Party Owned), By Operation (Solar And Storage System, Standalone Systems) – Market Size, Trends, And Global Forecast 2024-2033

Name: Residential Energy Storage Global Market Report 2024
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Residential Energy Storage Global Market Report 2024

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Residential Energy Storage Market Definition

Residential energy storage refers to a systems allow homeowners to store electricity generated from renewable sources such as solar panels, wind turbines, or the grid during off-peak hours when electricity rates are lower. These systems typically include batteries that store electrical energy in the form of chemical energy, and further stored energy can be converted into usable electricity through an inverter.

The main technological types of residential energy storage include lead-acid and lithium-ion. Lead-acid refers to a type of rechargeable battery commonly used to store excess energy generated from renewable sources, providing a reliable power supply during outages or when renewable energy production is low for residential uses. The utility type is categorized into 3KW to < 6KW, 6KW to < 10KW, and 10KW to 29KW by connectivity models such as on-grid and off-grid. The ownership types include customer-owned, utility-owned, and third-party-owned, further categorized into operation types such as solar and storage systems and standalone systems.

Residential Energy Storage Market Segmentation

The residential energy storage market covered in this report is segmented –

1) By Technology: Lead-Acid, Lithium-Ion

2) By Utility: 3KW To < 6KW, 6KW To < 10KW, 10KW To 29KW

3) By Connectivity: On-Grid, Off-Grid

4) By Ownership Type: Customer Owned, Utility Owned, Third-Party Owned

5) By Operation: Solar And Storage System, Standalone Systems

Global Residential Energy Storage Market Size 2023 to 2028: Graph

Residential Energy Storage Market Size 2024 And Growth Rate

The residential energy storage market size has grown rapidly in recent years. It will grow from $0.76 billion in 2023 to $0.91 billion in 2024 at a compound annual growth rate (CAGR) of 19.2%. The growth in the historic period can be attributed to infrastructure development, rise in adoption of solar rooftop systems by the residential sector, mounting government and private investments in the production of renewable energy, customer demand for energy independence, the drop in battery prices.

Residential Energy Storage Market Growth Forecast

The residential energy storage market size is expected to see rapid growth in the next few years. It will grow to $1.72 billion in 2028 at a compound annual growth rate (CAGR) of 17.1%. The growth in the forecast period can be attributed to increasing demand for electric vehicles, increasing installation of solar PV modules, increasing concern of individuals regarding environmental degradation, booming energy consumption in developing regions, surging demand for renewable energy. Major trends in the forecast period include rising need for large-scale electrical energy storage technologies, increase in research and development, rise in technological advancements, increasing production of lithium-ion technology.

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Residential Energy Storage Market Driver: Rise In Demand For Renewable Energy Fueling Growth In The Residential Energy Storage Market

The surging demand for renewable energy is expected to propel the growth of the residential energy storage market going forward. Renewable energy refers to energy derived from naturally replenishing sources, such as sunlight, wind, rain, tides, and geothermal heat, which are considered sustainable and environmentally friendly alternatives to finite fossil fuels. The rising demand for renewable energy is fueled by a desire to minimize climate change through switching to sustainable and clean power sources. Renewable energy facilitates residential energy storage by providing a sustainable and intermittent power source, allowing homeowners to store excess energy during peak generation periods for later use, enhancing grid resilience, and reducing reliance on traditional energy sources. For instance, in December 2023, according to the Department for Energy Security and Net Zero, a UK-based government department, in the third quarter of 2023, renewable electricity generation reached a record high of 30.1 terawatt-hours, marking a 6.8% increase compared to the same period in 2022. Therefore, the rise in demand for renewable energy is driving the growth of the residential energy storage market.

Global Residential Energy Storage Market Major Players

Major companies operating in the residential energy storage market are Huawei Technologies Co. Ltd., Tesla Inc., Siemens AG, Hitachi Energy Ltd., Panasonic Corporation, BYD Company Limited, ABB Ltd., Eaton Corporation plc, LG Energy Solution Ltd., Samsung SDI Co. Ltd., Delta Electronics Inc., Enphase Energy Inc., SMA Solar Technology AG, Saft Groupe SA, VARTA AG, Jiangsu GoodWe Power Supply Technology Co. Ltd., Sonnen GmbH, Shanghai PYTES Energy Co. Ltd., Dyness Power Energy Limited, Deutsche Energieversorgung GmbH, Powervault Ltd., TESVOLT GmbH, Turbo Energy Ltd., Alpha ESS Co. Ltd., Sunverge Energy LLC, Eguana Technologies Inc.

Global Residential Energy Storage Market Trend: Innovative Solutions Reshaping The Residential Energy Storage Market

Major companies operating in the residential energy storage market are developing advanced home storage battery system technologies, such as electrified vehicle battery technology, to enhance energy storage capacity, efficiency, and sustainability for residential users. These systems leverage EV battery technology to provide residential users with reliable backup power, optimize energy usage from renewable sources such as solar panels, and reduce electricity costs through peak shaving and load shifting strategies. For instance, in June 2022, Toyota Motor Corporation, a Japan based automotive manufacturer, released a residential storage battery system, embodying the principles of safety, extended service life, superior quality, affordability, and exceptional performance. The O-Uchi Kyuden System, built on extensive experience in electrified vehicle development and leveraging onboard components, offers customers peace of mind. With a rated capacity of 8.7 kWh and a rated output of 5.5 kWh, this system utilizes Toyota's battery control technology to ensure safety and provide a reliable power supply to the entire home, including during power outages triggered by natural disasters.

Residential Energy Storage Market Merger And Acquisition: Hitachi Energy Strengthens Global Presence With Strategic Acquisition Of eks Energy

In October 2023, Hitachi Energy, a Switzerland-based advanced sustainable energy solution provider, acquired eks Energy for an undisclosed amount. With this acquisition, Hitachi aims to deliver advanced and dependable solutions by leveraging Eeks Energy's successful product range deployment in North America and Europe, along with Powin's global expansion. This strategic move positions Hitachi Energy to address the growing demands of the global battery energy storage systems (BESS) market. eks Energy is a UK-based company that designs and builds plug-and-play integrated storage systems for residential use.

Regional Insights For The Global Residential Energy Storage Market

Europe was the largest region in the residential energy storage market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the residential energy storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the residential energy storage market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The residential energy storage market consist of revenues earned by entities by providing services such as installation, ongoing maintenance, and energy management. The market value includes the value of related goods sold by the service provider or included within the service offering. The residential energy storage market also includes sales of rechargeable energy storage systems, home battery systems, and solar-plus-storage solutions. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The residential energy storage research report is one of a series of new reports from The Business Research Company that provides residential energy storage market statistics, including the residential energy storage industry's global market size, regional shares, competitors with an residential energy storage market share, detailed residential energy storage market segments, market trends and opportunities, and any further data you may need to thrive in the residential energy storage industry. This residential energy storage market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Residential Energy Storage Market Report Forecast and Analysis

Report Attribute	Details
Market Size Value In 2024	$0.91 billion
Revenue Forecast In 2033	$1.72 billion
Growth Rate	CAGR of 17.1% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Technology: Lead-Acid, Lithium-Ion 2) By Utility: 3KW To < 6KW, 6KW To < 10KW, 10KW To 29KW 3) By Connectivity: On-Grid, Off-Grid 4) By Ownership Type: Customer Owned, Utility Owned, Third-Party Owned 5) By Operation: Solar And Storage System, Standalone Systems
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Huawei Technologies Co. Ltd.; Tesla Inc.; Siemens AG; Hitachi Energy Ltd.; Panasonic Corporation; BYD Company Limited; ABB Ltd; Eaton Corporation plc; LG Energy Solution Ltd.; Samsung SDI Co. Ltd.; Delta Electronics Inc.; Enphase Energy Inc.; SMA Solar Technology AG; Saft Groupe SA; VARTA AG; Jiangsu GoodWe Power Supply Technology Co. Ltd.; Sonnen GmbH; Shanghai PYTES Energy Co. Ltd; Dyness Power Energy Limited; Deutsche Energieversorgung GmbH; Powervault Ltd.; TESVOLT GmbH; Turbo Energy Ltd.; Alpha ESS Co. Ltd.; Sunverge Energy LLC; Eguana Technologies Inc.
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Residential Energy Storage Market Characteristics

3. Residential Energy Storage Market Trends And Strategies

4. Residential Energy Storage Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market

4.2. Ukraine-Russia War Impact On The Market

4.3. COVID-19 Impact On The Market

5. Global Residential Energy Storage Market Size and Growth

5.1. Global Residential Energy Storage Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Residential Energy Storage Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Residential Energy Storage Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Residential Energy Storage Market Segmentation

6.1. Global Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Lead-Acid

Lithium-Ion

6.2. Global Residential Energy Storage Market, Segmentation By Utility, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

3KW To < 6KW

6KW To < 10KW

10KW To 29KW

6.3. Global Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

On-Grid

Off-Grid

6.4. Global Residential Energy Storage Market, Segmentation By Ownership Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Customer Owned

Utility Owned

Third-Party Owned

6.5. Global Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Solar And Storage System

Standalone Systems

7. Residential Energy Storage Market Regional And Country Analysis

7.1. Global Residential Energy Storage Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Residential Energy Storage Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Residential Energy Storage Market

8.1. Asia-Pacific Residential Energy Storage Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Residential Energy Storage Market

9.1. China Residential Energy Storage Market Overview

9.2. China Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Residential Energy Storage Market

10.1. India Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Residential Energy Storage Market

11.1. Japan Residential Energy Storage Market Overview

11.2. Japan Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Residential Energy Storage Market

12.1. Australia Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Residential Energy Storage Market

13.1. Indonesia Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Residential Energy Storage Market

14.1. South Korea Residential Energy Storage Market Overview

14.2. South Korea Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Residential Energy Storage Market

15.1. Western Europe Residential Energy Storage Market Overview

15.2. Western Europe Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Residential Energy Storage Market

16.1. UK Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Residential Energy Storage Market

17.1. Germany Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Residential Energy Storage Market

18.1. France Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.2. France Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.3. France Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Residential Energy Storage Market

19.1. Italy Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.2. Italy Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.3. Italy Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Residential Energy Storage Market

20.1. Spain Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.2. Spain Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.3. Spain Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Residential Energy Storage Market

21.1. Eastern Europe Residential Energy Storage Market Overview

21.2. Eastern Europe Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Residential Energy Storage Market

22.1. Russia Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Residential Energy Storage Market

23.1. North America Residential Energy Storage Market Overview

23.2. North America Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Residential Energy Storage Market

24.1. USA Residential Energy Storage Market Overview

24.2. USA Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Residential Energy Storage Market

25.1. Canada Residential Energy Storage Market Overview

25.2. Canada Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Residential Energy Storage Market

26.1. South America Residential Energy Storage Market Overview

26.2. South America Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Residential Energy Storage Market

27.1. Brazil Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Residential Energy Storage Market

28.1. Middle East Residential Energy Storage Market Overview

28.2. Middle East Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Residential Energy Storage Market

29.1. Africa Residential Energy Storage Market Overview

29.2. Africa Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Residential Energy Storage Market Competitive Landscape And Company Profiles

30.1. Residential Energy Storage Market Competitive Landscape

30.2. Residential Energy Storage Market Company Profiles

30.2.1. Huawei Technologies Co. Ltd.

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. Tesla Inc.

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. Siemens AG

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. Hitachi Energy Ltd.

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. Panasonic Corporation

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Residential Energy Storage Market Other Major And Innovative Companies

31.1. BYD Company Limited

31.2. ABB Ltd

31.3. Eaton Corporation plc

31.4. LG Energy Solution Ltd.

31.5. Samsung SDI Co. Ltd.

31.6. Delta Electronics Inc.

31.7. Enphase Energy Inc.

31.8. SMA Solar Technology AG

31.9. Saft Groupe SA

31.10. VARTA AG

31.11. Jiangsu GoodWe Power Supply Technology Co. Ltd.

31.12. Sonnen GmbH

31.13. Shanghai PYTES Energy Co. Ltd

31.14. Dyness Power Energy Limited

31.15. Deutsche Energieversorgung GmbH

32. Global Residential Energy Storage Market Competitive Benchmarking

33. Global Residential Energy Storage Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Residential Energy Storage Market

35. Residential Energy Storage Market Future Outlook and Potential Analysis

35.1 Residential Energy Storage Market In 2028 - Countries Offering Most New Opportunities

35.2 Residential Energy Storage Market In 2028 - Segments Offering Most New Opportunities

35.3 Residential Energy Storage Market In 2028 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Residential Energy Storage Market, Segmentation By Utility, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Residential Energy Storage Market, Segmentation By Ownership Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Global Residential Energy Storage Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Global Residential Energy Storage Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: Asia-Pacific, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: Asia-Pacific, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: China, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: China, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: India, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: India, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Japan, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Japan, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Australia, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Australia, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: Indonesia, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: Indonesia, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: South Korea, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: South Korea, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: Western Europe, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: Western Europe, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: UK, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: UK, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: Germany, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: Germany, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: France, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: France, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Italy, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Italy, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Spain, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Spain, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Eastern Europe, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Eastern Europe, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: Russia, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: Russia, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: North America, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: North America, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: USA, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: USA, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: Canada, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: Canada, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: South America, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: South America, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Brazil, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Brazil, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Middle East, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Middle East, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: Africa, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 75: Africa, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 76: Huawei Technologies Co. Ltd. Financial Performance

Table 77: Tesla Inc. Financial Performance

Table 78: Siemens AG Financial Performance

Table 79: Hitachi Energy Ltd. Financial Performance

Table 80: Panasonic Corporation Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Residential Energy Storage Market, Segmentation By Utility, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Residential Energy Storage Market, Segmentation By Ownership Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Global Residential Energy Storage Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Global Residential Energy Storage Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: Asia-Pacific, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: Asia-Pacific, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: China, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: China, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: India, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: India, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Japan, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Japan, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Australia, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Australia, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: Indonesia, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: Indonesia, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: South Korea, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: South Korea, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: Western Europe, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: Western Europe, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: UK, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: UK, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: Germany, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: Germany, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: France, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: France, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Italy, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Italy, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Spain, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Spain, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Eastern Europe, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Eastern Europe, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: Russia, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: Russia, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: North America, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: North America, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: USA, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: USA, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: Canada, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: Canada, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: South America, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: South America, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Brazil, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Brazil, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Middle East, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Middle East, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Residential Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: Africa, Residential Energy Storage Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 75: Africa, Residential Energy Storage Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 76: Huawei Technologies Co. Ltd. Financial Performance

Figure 77: Tesla Inc. Financial Performance

Figure 78: Siemens AG Financial Performance

Figure 79: Hitachi Energy Ltd. Financial Performance

Figure 80: Panasonic Corporation Financial Performance

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Frequently Asked Questions

What is the definition of the residential energy storage market?

How will the residential energy storage market drivers and restraints affect the residential energy storage market dynamics? What forces will shape the residential energy storage industry going forward?

The residential energy storage market major growth driver - Rise In Demand For Renewable Energy Fueling Growth In The Residential Energy Storage Market. For further insights on the residential energy storage market, request a sample here

What is the forecast market size or the forecast market value of the residential energy storage market?

The residential energy storage market size has grown rapidly in recent years. It will grow from $0.76 billion in 2023 to $0.91 billion in 2024 at a compound annual growth rate (CAGR) of 19.2%. The growth in the historic period can be attributed to infrastructure development, rise in adoption of solar rooftop systems by the residential sector, mounting government and private investments in the production of renewable energy, customer demand for energy independence, the drop in battery prices. The residential energy storage market size is expected to see rapid growth in the next few years. It will grow to $1.72 billion in 2028 at a compound annual growth rate (CAGR) of 17.1%. The growth in the forecast period can be attributed to increasing demand for electric vehicles, increasing installation of solar PV modules, increasing concern of individuals regarding environmental degradation, booming energy consumption in developing regions, surging demand for renewable energy. Major trends in the forecast period include rising need for large-scale electrical energy storage technologies, increase in research and development, rise in technological advancements, increasing production of lithium-ion technology. For further insights on the residential energy storage market, request a sample here

How is the residential energy storage market segmented?

The residential energy storage market is segmented
1) By Technology: Lead-Acid, Lithium-Ion
2) By Utility: 3KW To < 6KW, 6KW To < 10KW, 10KW To 29KW
3) By Connectivity: On-Grid, Off-Grid
4) By Ownership Type: Customer Owned, Utility Owned, Third-Party Owned
5) By Operation: Solar And Storage System, Standalone SystemsFor further insights on the residential energy storage market, request a sample here

Which region has the largest share of the residential energy storage market? What are the other regions covered in the report?

Europe was the largest region in the residential energy storage market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the residential energy storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the residential energy storage market, request a sample here.

Who are the major players in the residential energy storage market?

What are the key trends in the residential energy storage market?

Major trend in the residential energy storage market - Innovative Solutions Reshaping The Residential Energy Storage Market. For further insights on the residential energy storage market, request a sample here.

What are the major opportunities in the residential energy storage market? What are the strategies for the residential energy storage market?

For detailed insights on the major opportunities and strategies in the residential energy storage market, request a sample here.

How does the residential energy storage market relate to the overall economy and other similar markets?

For detailed insights on residential energy storage market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the residential energy storage industry?

For detailed insights on the mergers and acquisitions in the residential energy storage industry, request a sample here.

What are the key dynamics influencing the residential energy storage market growth? SWOT analysis of the residential energy storage market.

For detailed insights on the key dynamics influencing the residential energy storage market growth and SWOT analysis of the residential energy storage industry, request a sample here.