Residential Energy Storage Market
Residential Energy Storage Market - Global Industry Assessment & Forecast
#
Pages:
196
Base Year:
2023
Mar - 2024
Format:
Report Code:
VMR-2442
Segments Covered
By
Technology Lead-acid, Lithium-ion
-
By
Utility 3kW to <6kW, 6kW to <10kW, 10kW to 29kW
-
By
Connectivity Type On-grid, Off-grid
-
By
Ownership Type Customer-owned, Utility-owned, Third-party Owned
-
By
Operation Type Standalone Systems, Solar and Storage System
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
 Base Year:
|
2023 |
| Forecast
Years:
|
2024 - 2032 |
 Historical
Years:
|
2018 - 2022 |
 Revenue
2023: |
USD 890.1 Million |
 Revenue 2032:
|
USD 3918.2 Million |
 Revenue CAGR
(2024 - 2032): |
17.9% |
Fastest Growing Region (2024 -
2032)
|
North America |
Largest Region (2023):
|
Europe |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Residential Energy Storage Market Segment Analysis
- Residential Energy Storage Technology Outlook (Revenue, USD Million, 2018 - 2030)
- Lead-acid
- Lithium-ion
- Residential Energy Storage Utility Outlook (Revenue, USD Million, 2018 - 2030)
- 3kW to <6kW
- 6kW to <10kW
- 10kW to 29kW
- Residential Energy Storage Connectivity Type Outlook (Revenue, USD Million, 2018 - 2030)
- On-grid
- Off-grid
- Residential Energy Storage Ownership Type Outlook (Revenue, USD Million, 2018 - 2030)
- Customer-owned
- Utility-owned
- Third-party Owned
- Residential Energy Storage Operation Type Outlook (Revenue, USD Million, 2018 - 2030)
- Standalone Systems
- Solar and Storage System
-
Regional Outlook (Revenue, USD Billion/Million, 2018 - 2030)
- North America
-
North America Residential Energy Storage Market, by Technology
- Lead-acid
- Lithium-ion
-
North America Residential Energy Storage Market, by Utility
- 3kW to <6kW
- 6kW to <10kW
- 10kW to 29kW
-
North America Residential Energy Storage Market, by Connectivity Type
- On-grid
- Off-grid
-
North America Residential Energy Storage Market, by Ownership Type
- Customer-owned
- Utility-owned
- Third-party Owned
-
North America Residential Energy Storage Market, by Operation Type
- Standalone Systems
- Solar and Storage System
- U.S.
- U.S. Residential Energy Storage Market, by Technology
- Lead-acid
- Lithium-ion
- U.S. Residential Energy Storage Market, by Utility
- 3kW to <6kW
- 6kW to <10kW
- 10kW to 29kW
- U.S. Residential Energy Storage Market, by Connectivity Type
- On-grid
- Off-grid
- U.S. Residential Energy Storage Market, by Ownership Type
- Customer-owned
- Utility-owned
- Third-party Owned
- U.S. Residential Energy Storage Market, by Operation Type
- Standalone Systems
- Solar and Storage System
- U.S. Residential Energy Storage Market, by Technology
- Canada
- Canada Residential Energy Storage Market, by Technology
- Lead-acid
- Lithium-ion
- Canada Residential Energy Storage Market, by Utility
- 3kW to <6kW
- 6kW to <10kW
- 10kW to 29kW
- Canada Residential Energy Storage Market, by Connectivity Type
- On-grid
- Off-grid
- Canada Residential Energy Storage Market, by Ownership Type
- Customer-owned
- Utility-owned
- Third-party Owned
- Canada Residential Energy Storage Market, by Operation Type
- Standalone Systems
- Solar and Storage System
- Canada Residential Energy Storage Market, by Technology
-
Mexico
- Mexico Residential Energy Storage Market, by Technology
- Lead-acid
- Lithium-ion
- Mexico Residential Energy Storage Market, by Utility
- 3kW to <6kW
- 6kW to <10kW
- 10kW to 29kW
- Mexico Residential Energy Storage Market, by Connectivity Type
- On-grid
- Off-grid
- Mexico Residential Energy Storage Market, by Ownership Type
- Customer-owned
- Utility-owned
- Third-party Owned
- Mexico Residential Energy Storage Market, by Operation Type
- Standalone Systems
- Solar and Storage System
- Mexico Residential Energy Storage Market, by Technology
-
North America Residential Energy Storage Market, by Technology
- Europe
-
Europe Residential Energy Storage Market, by Technology
- Lead-acid
- Lithium-ion
-
Europe Residential Energy Storage Market, by Utility
- 3kW to <6kW
- 6kW to <10kW
- 10kW to 29kW
-
Europe Residential Energy Storage Market, by Connectivity Type
- On-grid
- Off-grid
-
Europe Residential Energy Storage Market, by Ownership Type
- Customer-owned
- Utility-owned
- Third-party Owned
-
Europe Residential Energy Storage Market, by Operation Type
- Standalone Systems
- Solar and Storage System
- U. K.
- U.K. Residential Energy Storage Market, by Technology
- Lead-acid
- Lithium-ion
- U.K. Residential Energy Storage Market, by Utility
- 3kW to <6kW
- 6kW to <10kW
- 10kW to 29kW
- U.K. Residential Energy Storage Market, by Connectivity Type
- On-grid
- Off-grid
- U.K. Residential Energy Storage Market, by Ownership Type
- Customer-owned
- Utility-owned
- Third-party Owned
- U.K. Residential Energy Storage Market, by Operation Type
- Standalone Systems
- Solar and Storage System
- U.K. Residential Energy Storage Market, by Technology
- France
- France Residential Energy Storage Market, by Technology
- Lead-acid
- Lithium-ion
- France Residential Energy Storage Market, by Utility
- 3kW to <6kW
- 6kW to <10kW
- 10kW to 29kW
- France Residential Energy Storage Market, by Connectivity Type
- On-grid
- Off-grid
- France Residential Energy Storage Market, by Ownership Type
- Customer-owned
- Utility-owned
- Third-party Owned
- France Residential Energy Storage Market, by Operation Type
- Standalone Systems
- Solar and Storage System
- France Residential Energy Storage Market, by Technology
-
Germany
- Germany Residential Energy Storage Market, by Technology
- Lead-acid
- Lithium-ion
- Germany Residential Energy Storage Market, by Utility
- 3kW to <6kW
- 6kW to <10kW
- 10kW to 29kW
- Germany Residential Energy Storage Market, by Connectivity Type
- On-grid
- Off-grid
- Germany Residential Energy Storage Market, by Ownership Type
- Customer-owned
- Utility-owned
- Third-party Owned
- Germany Residential Energy Storage Market, by Operation Type
- Standalone Systems
- Solar and Storage System
- Germany Residential Energy Storage Market, by Technology
-
Italy
- Italy Residential Energy Storage Market, by Technology
- Lead-acid
- Lithium-ion
- Italy Residential Energy Storage Market, by Utility
- 3kW to <6kW
- 6kW to <10kW
- 10kW to 29kW
- Italy Residential Energy Storage Market, by Connectivity Type
- On-grid
- Off-grid
- Italy Residential Energy Storage Market, by Ownership Type
- Customer-owned
- Utility-owned
- Third-party Owned
- Italy Residential Energy Storage Market, by Operation Type
- Standalone Systems
- Solar and Storage System
- Italy Residential Energy Storage Market, by Technology
-
Spain
- Spain Residential Energy Storage Market, by Technology
- Lead-acid
- Lithium-ion
- Spain Residential Energy Storage Market, by Utility
- 3kW to <6kW
- 6kW to <10kW
- 10kW to 29kW
- Spain Residential Energy Storage Market, by Connectivity Type
- On-grid
- Off-grid
- Spain Residential Energy Storage Market, by Ownership Type
- Customer-owned
- Utility-owned
- Third-party Owned
- Spain Residential Energy Storage Market, by Operation Type
- Standalone Systems
- Solar and Storage System
- Spain Residential Energy Storage Market, by Technology
-
Rest of Europe
- Rest of Europe Residential Energy Storage Market, by Technology
- Lead-acid
- Lithium-ion
- Rest of Europe Residential Energy Storage Market, by Utility
- 3kW to <6kW
- 6kW to <10kW
- 10kW to 29kW
- Rest of Europe Residential Energy Storage Market, by Connectivity Type
- On-grid
- Off-grid
- Rest of Europe Residential Energy Storage Market, by Ownership Type
- Customer-owned
- Utility-owned
- Third-party Owned
- Rest of Europe Residential Energy Storage Market, by Operation Type
- Standalone Systems
- Solar and Storage System
- Rest of Europe Residential Energy Storage Market, by Technology
-
Europe Residential Energy Storage Market, by Technology
- Asia Pacific
-
Asia Pacific Residential Energy Storage Market, by Technology
- Lead-acid
- Lithium-ion
-
Asia Pacific Residential Energy Storage Market, by Utility
- 3kW to <6kW
- 6kW to <10kW
- 10kW to 29kW
-
Asia Pacific Residential Energy Storage Market, by Connectivity Type
- On-grid
- Off-grid
-
Asia Pacific Residential Energy Storage Market, by Ownership Type
- Customer-owned
- Utility-owned
- Third-party Owned
-
Asia Pacific Residential Energy Storage Market, by Operation Type
- Standalone Systems
- Solar and Storage System
- China
- China Residential Energy Storage Market, by Technology
- Lead-acid
- Lithium-ion
- China Residential Energy Storage Market, by Utility
- 3kW to <6kW
- 6kW to <10kW
- 10kW to 29kW
- China Residential Energy Storage Market, by Connectivity Type
- On-grid
- Off-grid
- China Residential Energy Storage Market, by Ownership Type
- Customer-owned
- Utility-owned
- Third-party Owned
- China Residential Energy Storage Market, by Operation Type
- Standalone Systems
- Solar and Storage System
- China Residential Energy Storage Market, by Technology
- Japan
- Japan Residential Energy Storage Market, by Technology
- Lead-acid
- Lithium-ion
- Japan Residential Energy Storage Market, by Utility
- 3kW to <6kW
- 6kW to <10kW
- 10kW to 29kW
- Japan Residential Energy Storage Market, by Connectivity Type
- On-grid
- Off-grid
- Japan Residential Energy Storage Market, by Ownership Type
- Customer-owned
- Utility-owned
- Third-party Owned
- Japan Residential Energy Storage Market, by Operation Type
- Standalone Systems
- Solar and Storage System
- Japan Residential Energy Storage Market, by Technology
-
Germany
- Germany Residential Energy Storage Market, by Technology
- Lead-acid
- Lithium-ion
- Germany Residential Energy Storage Market, by Utility
- 3kW to <6kW
- 6kW to <10kW
- 10kW to 29kW
- Germany Residential Energy Storage Market, by Connectivity Type
- On-grid
- Off-grid
- Germany Residential Energy Storage Market, by Ownership Type
- Customer-owned
- Utility-owned
- Third-party Owned
- Germany Residential Energy Storage Market, by Operation Type
- Standalone Systems
- Solar and Storage System
- Germany Residential Energy Storage Market, by Technology
-
India
- India Residential Energy Storage Market, by Technology
- Lead-acid
- Lithium-ion
- India Residential Energy Storage Market, by Utility
- 3kW to <6kW
- 6kW to <10kW
- 10kW to 29kW
- India Residential Energy Storage Market, by Connectivity Type
- On-grid
- Off-grid
- India Residential Energy Storage Market, by Ownership Type
- Customer-owned
- Utility-owned
- Third-party Owned
- India Residential Energy Storage Market, by Operation Type
- Standalone Systems
- Solar and Storage System
- India Residential Energy Storage Market, by Technology
-
South Korea
- South Korea Residential Energy Storage Market, by Technology
- Lead-acid
- Lithium-ion
- South Korea Residential Energy Storage Market, by Utility
- 3kW to <6kW
- 6kW to <10kW
- 10kW to 29kW
- South Korea Residential Energy Storage Market, by Connectivity Type
- On-grid
- Off-grid
- South Korea Residential Energy Storage Market, by Ownership Type
- Customer-owned
- Utility-owned
- Third-party Owned
- South Korea Residential Energy Storage Market, by Operation Type
- Standalone Systems
- Solar and Storage System
- South Korea Residential Energy Storage Market, by Technology
-
South East Asia
- South East Asia Residential Energy Storage Market, by Technology
- Lead-acid
- Lithium-ion
- South East Asia Residential Energy Storage Market, by Utility
- 3kW to <6kW
- 6kW to <10kW
- 10kW to 29kW
- South East Asia Residential Energy Storage Market, by Connectivity Type
- On-grid
- Off-grid
- South East Asia Residential Energy Storage Market, by Ownership Type
- Customer-owned
- Utility-owned
- Third-party Owned
- South East Asia Residential Energy Storage Market, by Operation Type
- Standalone Systems
- Solar and Storage System
- South East Asia Residential Energy Storage Market, by Technology
-
Rest of Asia Pacific
- Rest of Asia Pacific Residential Energy Storage Market, by Technology
- Lead-acid
- Lithium-ion
- Rest of Asia Pacific Residential Energy Storage Market, by Utility
- 3kW to <6kW
- 6kW to <10kW
- 10kW to 29kW
- Rest of Asia Pacific Residential Energy Storage Market, by Connectivity Type
- On-grid
- Off-grid
- Rest of Asia Pacific Residential Energy Storage Market, by Ownership Type
- Customer-owned
- Utility-owned
- Third-party Owned
- Rest of Asia Pacific Residential Energy Storage Market, by Operation Type
- Standalone Systems
- Solar and Storage System
- Rest of Asia Pacific Residential Energy Storage Market, by Technology
-
Asia Pacific Residential Energy Storage Market, by Technology
- Latin America
-
Latin America Residential Energy Storage Market, by Technology
- Lead-acid
- Lithium-ion
-
Latin America Residential Energy Storage Market, by Utility
- 3kW to <6kW
- 6kW to <10kW
- 10kW to 29kW
-
Latin America Residential Energy Storage Market, by Connectivity Type
- On-grid
- Off-grid
-
Latin America Residential Energy Storage Market, by Ownership Type
- Customer-owned
- Utility-owned
- Third-party Owned
-
Latin America Residential Energy Storage Market, by Operation Type
- Standalone Systems
- Solar and Storage System
- Brazil
- Brazil Residential Energy Storage Market, by Technology
- Lead-acid
- Lithium-ion
- Brazil Residential Energy Storage Market, by Utility
- 3kW to <6kW
- 6kW to <10kW
- 10kW to 29kW
- Brazil Residential Energy Storage Market, by Connectivity Type
- On-grid
- Off-grid
- Brazil Residential Energy Storage Market, by Ownership Type
- Customer-owned
- Utility-owned
- Third-party Owned
- Brazil Residential Energy Storage Market, by Operation Type
- Standalone Systems
- Solar and Storage System
- Brazil Residential Energy Storage Market, by Technology
- Argentina
- Argentina Residential Energy Storage Market, by Technology
- Lead-acid
- Lithium-ion
- Argentina Residential Energy Storage Market, by Utility
- 3kW to <6kW
- 6kW to <10kW
- 10kW to 29kW
- Argentina Residential Energy Storage Market, by Connectivity Type
- On-grid
- Off-grid
- Argentina Residential Energy Storage Market, by Ownership Type
- Customer-owned
- Utility-owned
- Third-party Owned
- Argentina Residential Energy Storage Market, by Operation Type
- Standalone Systems
- Solar and Storage System
- Argentina Residential Energy Storage Market, by Technology
-
Rest of Latin America
- Rest of Latin America Residential Energy Storage Market, by Technology
- Lead-acid
- Lithium-ion
- Rest of Latin America Residential Energy Storage Market, by Utility
- 3kW to <6kW
- 6kW to <10kW
- 10kW to 29kW
- Rest of Latin America Residential Energy Storage Market, by Connectivity Type
- On-grid
- Off-grid
- Rest of Latin America Residential Energy Storage Market, by Ownership Type
- Customer-owned
- Utility-owned
- Third-party Owned
- Rest of Latin America Residential Energy Storage Market, by Operation Type
- Standalone Systems
- Solar and Storage System
- Rest of Latin America Residential Energy Storage Market, by Technology
-
Latin America Residential Energy Storage Market, by Technology
- Middle East & Africa
-
Middle East & Africa Residential Energy Storage Market, by Technology
- Lead-acid
- Lithium-ion
-
Middle East & Africa Residential Energy Storage Market, by Utility
- 3kW to <6kW
- 6kW to <10kW
- 10kW to 29kW
-
Middle East & Africa Residential Energy Storage Market, by Connectivity Type
- On-grid
- Off-grid
-
Middle East & Africa Residential Energy Storage Market, by Ownership Type
- Customer-owned
- Utility-owned
- Third-party Owned
-
Middle East & Africa Residential Energy Storage Market, by Operation Type
- Standalone Systems
- Solar and Storage System
- GCC Countries
- GCC Countries Residential Energy Storage Market, by Technology
- Lead-acid
- Lithium-ion
- GCC Countries Residential Energy Storage Market, by Utility
- 3kW to <6kW
- 6kW to <10kW
- 10kW to 29kW
- GCC Countries Residential Energy Storage Market, by Connectivity Type
- On-grid
- Off-grid
- GCC Countries Residential Energy Storage Market, by Ownership Type
- Customer-owned
- Utility-owned
- Third-party Owned
- GCC Countries Residential Energy Storage Market, by Operation Type
- Standalone Systems
- Solar and Storage System
- GCC Countries Residential Energy Storage Market, by Technology
- South Africa
- South Africa Residential Energy Storage Market, by Technology
- Lead-acid
- Lithium-ion
- South Africa Residential Energy Storage Market, by Utility
- 3kW to <6kW
- 6kW to <10kW
- 10kW to 29kW
- South Africa Residential Energy Storage Market, by Connectivity Type
- On-grid
- Off-grid
- South Africa Residential Energy Storage Market, by Ownership Type
- Customer-owned
- Utility-owned
- Third-party Owned
- South Africa Residential Energy Storage Market, by Operation Type
- Standalone Systems
- Solar and Storage System
- South Africa Residential Energy Storage Market, by Technology
-
Rest of Middle East & Africa
- Rest of Middle East & Africa Residential Energy Storage Market, by Technology
- Lead-acid
- Lithium-ion
- Rest of Middle East & Africa Residential Energy Storage Market, by Utility
- 3kW to <6kW
- 6kW to <10kW
- 10kW to 29kW
- Rest of Middle East & Africa Residential Energy Storage Market, by Connectivity Type
- On-grid
- Off-grid
- Rest of Middle East & Africa Residential Energy Storage Market, by Ownership Type
- Customer-owned
- Utility-owned
- Third-party Owned
- Rest of Middle East & Africa Residential Energy Storage Market, by Operation Type
- Standalone Systems
- Solar and Storage System
- Rest of Middle East & Africa Residential Energy Storage Market, by Technology
-
Middle East & Africa Residential Energy Storage Market, by Technology
- North America
Vantage Market
Research | 15-Mar-2024
FAQ
Frequently Asked Question
What is the global demand for Residential Energy Storage in terms of revenue?
-
The global Residential Energy Storage valued at USD 890.1 Million in 2023 and is expected to reach USD 3918.2 Million in 2032 growing at a CAGR of 17.9%.
Which are the prominent players in the market?
-
The prominent players in the market are Tesla, Panasonic Holdings Corporation, BYD Company Ltd, Enphase Energy, Sonnen GmbH, VARTA AG, Delta Electronics, Inc., Huawei Technologies Co., Ltd., Eaton, SMA Solar Technology AG, LG Energy Solution, GoodWe, E3/DC, Alpha ESS Co., Ltd, RCT-Power, SOLARWATT, SENEC, Shanghai PYTES Energy Co., Ltd, Pylon Technologies, Co. Ltd, Victron Energy, Dyness, TESVOLT AG, Turbo Energy - Solar Innovation, BST POWER (SHENZHEN) LIMITED, WeCo srl, Powervault.
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 17.9% between 2024 and 2032.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Residential Energy Storage include
- The rising demand for electric vehicles (EV) is driving the {{Keyword}} market as homeowners seek to accommodate the charging needs of their EVs efficiently
Which region accounted for the largest share in the market?
-
Europe was the leading regional segment of the Residential Energy Storage in 2023.
