Need help finding what you are looking for?
Contact Us
PUBLISHER: TechNavio | PRODUCT CODE: 1473745
PUBLISHER: TechNavio | PRODUCT CODE: 1473745
Global Residential Battery Energy Storage System Market 2024-2028
PUBLISHED:
PAGES: 174 Pages
DELIVERY TIME: 1-2 business days
SELECT AN OPTION
The residential battery energy storage system market is forecasted to grow by USD 6,235.65 mn during 2023-2028, accelerating at a CAGR of 23.02% during the forecast period. The report on the residential battery energy storage system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for energy independence, declining cost of battery technologies, and supportive government policies and incentives related to residential battery energy storage systems.
Technavio's residential battery energy storage system market is segmented as below:
| Market Scope | |
|---|---|
| Base Year | 2024 |
| End Year | 2028 |
| Series Year | 2024-2028 |
| Growth Momentum | Accelerate |
| YOY 2024 | 21.04% |
| CAGR | 23.02% |
| Incremental Value | $6235.65mn |
By Type
- Lithium-ion
- Lead acid
By Power Rating
- 6-10 kW
- 3-6 kW
- 10-20 kW
By Geographical Landscape
- Europe
- APAC
- North America
- Middle East and Africa
- South America
This study identifies the technological advancements in residential battery energy storage systems as one of the prime reasons driving the residential battery energy storage system market growth during the next few years. Also, rising focus on energy resilience and security and increasing penetration of renewable energy sources will lead to sizable demand in the market.
The report on the residential battery energy storage system market covers the following areas:
- Residential battery energy storage system market sizing
- Residential battery energy storage system market forecast
- Residential battery energy storage system market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading residential battery energy storage system market vendors that include ABB Ltd., Alpha ESS Co., Ltd., Blue Planet Energy, Briggs and Stratton LLC, BYD Co. Ltd., C and D Technologies Inc., East Penn Manufacturing Co. Inc., Eaton Corp. Plc, Enphase Energy Inc., Fortress Power, Generac Holdings Inc., Growatt New Energy Technology Co., Ltd., LG Corp., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Schneider Electric SE, Shell plc, SMA Solar Technology AG, SolarEdge Technologies Inc., SolaX Power Network Technology Zhejiang Co. Ltd., Sunrun Inc., Tesla Inc., and Victron Energy BV. Also, the residential battery energy storage system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Product Code: IRTNTR77885
Table of Contents
1 Executive Summary
- 1.1 Market overview
2 Market Landscape
- 2.1 Market ecosystem
3 Market Sizing
- 3.1 Market definition
- 3.2 Market segment analysis
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
4 Historic Market Size
- 4.1 Global residential battery energy storage system market 2018 - 2022
- 4.2 Type Segment Analysis 2018 - 2022
- 4.3 Power rating Segment Analysis 2018 - 2022
- 4.4 Geography Segment Analysis 2018 - 2022
- 4.5 Country Segment Analysis 2018 - 2022
5 Five Forces Analysis
- 5.1 Five forces summary
- 5.2 Bargaining power of buyers
- 5.3 Bargaining power of suppliers
- 5.4 Threat of new entrants
- 5.5 Threat of substitutes
- 5.6 Threat of rivalry
- 5.7 Market condition
6 Market Segmentation by Type
- 6.1 Market segments
- 6.2 Comparison by Type
- 6.3 Lithium-ion - Market size and forecast 2023-2028
- 6.4 Lead acid - Market size and forecast 2023-2028
- 6.5 Market opportunity by Type
7 Market Segmentation by Power Rating
- 7.1 Market segments
- 7.2 Comparison by Power Rating
- 7.3 6-10 kW - Market size and forecast 2023-2028
- 7.4 3-6 kW - Market size and forecast 2023-2028
- 7.5 10-20 kW - Market size and forecast 2023-2028
- 7.6 Market opportunity by Power Rating
8 Customer Landscape
- 8.1 Customer landscape overview
9 Geographic Landscape
- 9.1 Geographic segmentation
- 9.2 Geographic comparison
- 9.3 Europe - Market size and forecast 2023-2028
- 9.4 APAC - Market size and forecast 2023-2028
- 9.5 North America - Market size and forecast 2023-2028
- 9.6 Middle East and Africa - Market size and forecast 2023-2028
- 9.7 South America - Market size and forecast 2023-2028
- 9.8 US - Market size and forecast 2023-2028
- 9.9 China - Market size and forecast 2023-2028
- 9.10 Germany - Market size and forecast 2023-2028
- 9.11 UK - Market size and forecast 2023-2028
- 9.12 France - Market size and forecast 2023-2028
- 9.13 Market opportunity By Geographical Landscape
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- 11.3 Landscape disruption
- 11.4 Industry risks
12 Vendor Analysis
- 12.1 Vendors covered
- 12.2 Market positioning of vendors
- 12.3 Alpha ESS Co., Ltd.
- 12.4 Briggs and Stratton LLC
- 12.5 BYD Co. Ltd.
- 12.6 Eaton Corp. Plc
- 12.7 Enphase Energy Inc.
- 12.8 Generac Holdings Inc.
- 12.9 Growatt New Energy Technology Co., Ltd.
- 12.10 LG Corp.
- 12.11 Panasonic Holdings Corp.
- 12.12 Samsung Electronics Co. Ltd.
- 12.13 Shell plc
- 12.14 SMA Solar Technology AG
- 12.15 SolaX Power Network Technology Zhejiang Co. Ltd.
- 12.16 Sunrun Inc.
- 12.17 Tesla Inc.
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- 13.3 Currency conversion rates for US$
- 13.4 Research methodology
- 13.5 List of abbreviations
Product Code: IRTNTR77885
Exhibits:
- Exhibits1: Executive Summary - Chart on Market Overview
- Exhibits2: Executive Summary - Data Table on Market Overview
- Exhibits3: Executive Summary - Chart on Global Market Characteristics
- Exhibits4: Executive Summary - Chart on Market By Geographical Landscape
- Exhibits5: Executive Summary - Chart on Market Segmentation by Type
- Exhibits6: Executive Summary - Chart on Market Segmentation by Power Rating
- Exhibits7: Executive Summary - Chart on Incremental Growth
- Exhibits8: Executive Summary - Data Table on Incremental Growth
- Exhibits9: Executive Summary - Chart on Vendor Market Positioning
- Exhibits10: Parent market
- Exhibits11: Market Characteristics
- Exhibits12: Offerings of vendors included in the market definition
- Exhibits13: Market segments
- Exhibits14: Chart on Global - Market size and forecast 2023-2028 ($ million)
- Exhibits15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Exhibits16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibits17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibits18: Historic Market Size - Data Table on global residential battery energy storage system market 2018 - 2022 ($ million)
- Exhibits19: Historic Market Size - Type Segment 2018 - 2022 ($ million)
- Exhibits20: Historic Market Size - Power rating Segment 2018 - 2022 ($ million)
- Exhibits21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
- Exhibits22: Historic Market Size - Country Segment 2018 - 2022 ($ million)
- Exhibits23: Five forces analysis - Comparison between 2023 and 2028
- Exhibits24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
- Exhibits25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- Exhibits26: Threat of new entrants - Impact of key factors in 2023 and 2028
- Exhibits27: Threat of substitutes - Impact of key factors in 2023 and 2028
- Exhibits28: Threat of rivalry - Impact of key factors in 2023 and 2028
- Exhibits29: Chart on Market condition - Five forces 2023 and 2028
- Exhibits30: Chart on Type - Market share 2023-2028 (%)
- Exhibits31: Data Table on Type - Market share 2023-2028 (%)
- Exhibits32: Chart on Comparison by Type
- Exhibits33: Data Table on Comparison by Type
- Exhibits34: Chart on Lithium-ion - Market size and forecast 2023-2028 ($ million)
- Exhibits35: Data Table on Lithium-ion - Market size and forecast 2023-2028 ($ million)
- Exhibits36: Chart on Lithium-ion - Year-over-year growth 2023-2028 (%)
- Exhibits37: Data Table on Lithium-ion - Year-over-year growth 2023-2028 (%)
- Exhibits38: Chart on Lead acid - Market size and forecast 2023-2028 ($ million)
- Exhibits39: Data Table on Lead acid - Market size and forecast 2023-2028 ($ million)
- Exhibits40: Chart on Lead acid - Year-over-year growth 2023-2028 (%)
- Exhibits41: Data Table on Lead acid - Year-over-year growth 2023-2028 (%)
- Exhibits42: Market opportunity by Type ($ million)
- Exhibits43: Data Table on Market opportunity by Type ($ million)
- Exhibits44: Chart on Power Rating - Market share 2023-2028 (%)
- Exhibits45: Data Table on Power Rating - Market share 2023-2028 (%)
- Exhibits46: Chart on Comparison by Power Rating
- Exhibits47: Data Table on Comparison by Power Rating
- Exhibits48: Chart on 6-10 kW - Market size and forecast 2023-2028 ($ million)
- Exhibits49: Data Table on 6-10 kW - Market size and forecast 2023-2028 ($ million)
- Exhibits50: Chart on 6-10 kW - Year-over-year growth 2023-2028 (%)
- Exhibits51: Data Table on 6-10 kW - Year-over-year growth 2023-2028 (%)
- Exhibits52: Chart on 3-6 kW - Market size and forecast 2023-2028 ($ million)
- Exhibits53: Data Table on 3-6 kW - Market size and forecast 2023-2028 ($ million)
- Exhibits54: Chart on 3-6 kW - Year-over-year growth 2023-2028 (%)
- Exhibits55: Data Table on 3-6 kW - Year-over-year growth 2023-2028 (%)
- Exhibits56: Chart on 10-20 kW - Market size and forecast 2023-2028 ($ million)
- Exhibits57: Data Table on 10-20 kW - Market size and forecast 2023-2028 ($ million)
- Exhibits58: Chart on 10-20 kW - Year-over-year growth 2023-2028 (%)
- Exhibits59: Data Table on 10-20 kW - Year-over-year growth 2023-2028 (%)
- Exhibits60: Market opportunity by Power Rating ($ million)
- Exhibits61: Data Table on Market opportunity by Power Rating ($ million)
- Exhibits62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Exhibits63: Chart on Market share By Geographical Landscape 2023-2028 (%)
- Exhibits64: Data Table on Market share By Geographical Landscape 2023-2028 (%)
- Exhibits65: Chart on Geographic comparison
- Exhibits66: Data Table on Geographic comparison
- Exhibits67: Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibits68: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibits69: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibits70: Data Table on Europe - Year-over-year growth 2023-2028 (%)
- Exhibits71: Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibits72: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibits73: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibits74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
- Exhibits75: Chart on North America - Market size and forecast 2023-2028 ($ million)
- Exhibits76: Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Exhibits77: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibits78: Data Table on North America - Year-over-year growth 2023-2028 (%)
- Exhibits79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibits80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibits81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibits82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibits83: Chart on South America - Market size and forecast 2023-2028 ($ million)
- Exhibits84: Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Exhibits85: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibits86: Data Table on South America - Year-over-year growth 2023-2028 (%)
- Exhibits87: Chart on US - Market size and forecast 2023-2028 ($ million)
- Exhibits88: Data Table on US - Market size and forecast 2023-2028 ($ million)
- Exhibits89: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibits90: Data Table on US - Year-over-year growth 2023-2028 (%)
- Exhibits91: Chart on China - Market size and forecast 2023-2028 ($ million)
- Exhibits92: Data Table on China - Market size and forecast 2023-2028 ($ million)
- Exhibits93: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibits94: Data Table on China - Year-over-year growth 2023-2028 (%)
- Exhibits95: Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Exhibits96: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Exhibits97: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibits98: Data Table on Germany - Year-over-year growth 2023-2028 (%)
- Exhibits99: Chart on UK - Market size and forecast 2023-2028 ($ million)
- Exhibits100: Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Exhibits101: Chart on UK - Year-over-year growth 2023-2028 (%)
- Exhibits102: Data Table on UK - Year-over-year growth 2023-2028 (%)
- Exhibits103: Chart on France - Market size and forecast 2023-2028 ($ million)
- Exhibits104: Data Table on France - Market size and forecast 2023-2028 ($ million)
- Exhibits105: Chart on France - Year-over-year growth 2023-2028 (%)
- Exhibits106: Data Table on France - Year-over-year growth 2023-2028 (%)
- Exhibits107: Market opportunity By Geographical Landscape ($ million)
- Exhibits108: Data Tables on Market opportunity By Geographical Landscape ($ million)
- Exhibits109: Impact of drivers and challenges in 2023 and 2028
- Exhibits110: Overview on Criticality of inputs and Factors of differentiation
- Exhibits111: Overview on factors of disruption
- Exhibits112: Impact of key risks on business
- Exhibits113: Vendors covered
- Exhibits114: Matrix on vendor position and classification
- Exhibits115: Alpha ESS Co., Ltd. - Overview
- Exhibits116: Alpha ESS Co., Ltd. - Product / Service
- Exhibits117: Alpha ESS Co., Ltd. - Key offerings
- Exhibits118: Briggs and Stratton LLC - Overview
- Exhibits119: Briggs and Stratton LLC - Product / Service
- Exhibits120: Briggs and Stratton LLC - Key offerings
- Exhibits121: BYD Co. Ltd. - Overview
- Exhibits122: BYD Co. Ltd. - Business segments
- Exhibits123: BYD Co. Ltd. - Key news
- Exhibits124: BYD Co. Ltd. - Key offerings
- Exhibits125: BYD Co. Ltd. - Segment focus
- Exhibits126: Eaton Corp. Plc - Overview
- Exhibits127: Eaton Corp. Plc - Business segments
- Exhibits128: Eaton Corp. Plc - Key offerings
- Exhibits129: Eaton Corp. Plc - Segment focus
- Exhibits130: Enphase Energy Inc. - Overview
- Exhibits131: Enphase Energy Inc. - Product / Service
- Exhibits132: Enphase Energy Inc. - Key offerings
- Exhibits133: Generac Holdings Inc. - Overview
- Exhibits134: Generac Holdings Inc. - Business segments
- Exhibits135: Generac Holdings Inc. - Key offerings
- Exhibits136: Generac Holdings Inc. - Segment focus
- Exhibits137: Growatt New Energy Technology Co., Ltd. - Overview
- Exhibits138: Growatt New Energy Technology Co., Ltd. - Product / Service
- Exhibits139: Growatt New Energy Technology Co., Ltd. - Key offerings
- Exhibits140: LG Corp. - Overview
- Exhibits141: LG Corp. - Business segments
- Exhibits142: LG Corp. - Key offerings
- Exhibits143: LG Corp. - Segment focus
- Exhibits144: Panasonic Holdings Corp. - Overview
- Exhibits145: Panasonic Holdings Corp. - Product / Service
- Exhibits146: Panasonic Holdings Corp. - Key news
- Exhibits147: Panasonic Holdings Corp. - Key offerings
- Exhibits148: Samsung Electronics Co. Ltd. - Overview
- Exhibits149: Samsung Electronics Co. Ltd. - Business segments
- Exhibits150: Samsung Electronics Co. Ltd. - Key news
- Exhibits151: Samsung Electronics Co. Ltd. - Key offerings
- Exhibits152: Samsung Electronics Co. Ltd. - Segment focus
- Exhibits153: Shell plc - Overview
- Exhibits154: Shell plc - Business segments
- Exhibits155: Shell plc - Key news
- Exhibits156: Shell plc - Key offerings
- Exhibits157: Shell plc - Segment focus
- Exhibits158: SMA Solar Technology AG - Overview
- Exhibits159: SMA Solar Technology AG - Business segments
- Exhibits160: SMA Solar Technology AG - Key offerings
- Exhibits161: SMA Solar Technology AG - Segment focus
- Exhibits162: SolaX Power Network Technology Zhejiang Co. Ltd. - Overview
- Exhibits163: SolaX Power Network Technology Zhejiang Co. Ltd. - Product / Service
- Exhibits164: SolaX Power Network Technology Zhejiang Co. Ltd. - Key offerings
- Exhibits165: Sunrun Inc. - Overview
- Exhibits166: Sunrun Inc. - Product / Service
- Exhibits167: Sunrun Inc. - Key news
- Exhibits168: Sunrun Inc. - Key offerings
- Exhibits169: Tesla Inc. - Overview
- Exhibits170: Tesla Inc. - Business segments
- Exhibits171: Tesla Inc. - Key news
- Exhibits172: Tesla Inc. - Key offerings
- Exhibits173: Tesla Inc. - Segment focus
- Exhibits174: Inclusions checklist
- Exhibits175: Exclusions checklist
- Exhibits176: Currency conversion rates for US$
- Exhibits177: Research methodology
- Exhibits178: Validation techniques employed for market sizing
- Exhibits179: Information sources
- Exhibits180: List of abbreviations
Have a question?
SELECT AN OPTION
Have a question?
Questions? Please give us a call or visit the contact form.