Market Definition
This growth is largely the result of factors such as the decreased battery costs, regulatory support, and financial incentives, as well as increased energy self-sufficiency from customers. In the event of a power outage, residential energy storage systems are required. The segment with a capacity between 3 and 6 kW is expected to be the largest in the residential energy storage market. The 3–6 kW market fulfills requirements for times of blackouts. The use of 3–6 kW lead-acid batteries is now goes hand in hand with no increase in energy costs for plug-in electric vehicles. Due to decreasing lithium-ion battery costs and high performance, the lithium-ion battery is expected to account for the majority of sales during the forecast period. Additionally, residential lithium-ion storage policies and regulations are fueling the growth of the growth of the energy storage market. It is expected that the largest market in the Asia-Pacific region will account for the majority of the overall size of the market share in the forecast period. storage for residential end-users drives the growth of this part of this region Over the last few years, the energy industry has seen impressive economic growth as well as has the proliferation of renewable energy resources, causing the increased demand for energy storage.
Report Scope
The global market report scope includes a detailed study covering underlying factors influencing the industry trends. The report covers 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 Market Players
The report consists of the list of the vendor's profile of the Residential Energy Storage Market include Huawei , Samsung SDI Co. Ltd., Tesla, LG Chem , SMA Solar Technology, BYD, Siemens, Eaton, Schneider Electric, and ABB .
The Residential Energy Storage Market report has been categorized as below
By Power Rating
- 3–6 kW
- 6–10 kW
By Technology
- Lithium-Ion
- Lead–Acid
By Ownership Type
- Customer Owned
- Utility Owned
- Third-Party Owned
By Operation Type
- Standalone Systems
- Solar and Storage
By Connectivity Type
- On-Grid
- Off-Grid
By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- UK
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- Rest of Asia Pacific
- Rest of the World
- South America
- Middle East and Africa
The years considered for the study are as follows:
- Base year - 2020
- Estimated year - 2021
- Projected year - 2022
- Forecast period - 2021 to 2027
Key Questions Addressed by the Report
- New products/service competitor are exploring?
- Key players in the market and how intense is the competition?
- What are the upcoming industry trends that manufacturers are focusing on in the future updates?
- For each segment, what are the significant opportunities in the market?
- What are the key growth strategies adopted by major market players in the market?
- What are the key success strategies adopted by major competitors in the market?
Why Buy this Report:
- Gain comprehensive insights on the Residential Energy Storage Market industry & market trends
- Note complete analysis of the market status
- Recognize the market opportunities and growth segments
- Evaluating business segments & product portfolios, and interpret competitive dynamics
- Facilitate strategy planning and industry dynamics to strengthen decision making
Report Content
- Residential Energy Storage Market
Introduction
- Key Insights
- Report Overview
- Markets Covered
- Stakeholders
- Research Methodology
- Research Scope
- Market Research Process
- Research Data Analysis
- Market Size Estimation
- Executive Summary
- Market Overview
- Introduction
- Market Drivers and Restraints
- By Power Rating
- 3–6 kW
- 6–10 kW
- By Technology
- Lithium-Ion
- Lead–Acid
- By Ownership Type
- Customer Owned
- Utility Owned
- Third-Party Owned
- By Operation Type
- Standalone Systems
- Solar and Storage
- By Connectivity Type
- On-Grid
- Off-Grid
- By Region
10.1. North America
10.1.1. US
10.1.2. Canada
10.1.3. Mexico
10.2. Europe
10.2.1. Spain
10.2.2. Germany
10.2.3. Italy
10.2.4. UK
10.2.5. Rest of Europe
10.3. Asia Pacific
10.3.1. Japan
10.3.2. China
10.3.3. India
10.3.4. Australia
10.3.5. South Korea
10.3.6. Rest of APAC
10.4. Middle East & Africa
10.4.1. South Africa
10.4.2. UAE
10.4.3. Saudi Arabia
10.4.4. Rest of Middle East & Africa
10.5. South America
10.5.1. Brazil
10.5.2. Chile
10.5.3. Rest of South America
- Company Profile
(Profile contain company overview, products/services, financials & recent developments)
11.1. ABB
11.2. Samsung Sdi Co., Ltd.
11.3. Tesla
11.4. BYD Company Limited
11.5. Eguana Technologies
11.6. Schneider Electric
11.7. Siemens
11.8. Huawei
11.9. Eaton
11.10. LG Chem
11.11. Tabuchi Electric
11.12. SMA Solar Technology
