Residential Energy Storage

Residential Energy Storage

Global Residential Energy Storage Market to Reach $26.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Residential Energy Storage estimated at US$7.5 Billion in the year 2020, is projected to reach a revised size of US$26.4 Billion by 2027, growing at aCAGR of 19.7% over the period 2020-2027. 3-6 kW, one of the segments analyzed in the report, is projected to record 20.2% CAGR and reach US$19.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the 7-10 kW segment is readjusted to a revised 18.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.2 Billion, While China is Forecast to Grow at 19.3% CAGR

The Residential Energy Storage market in the U.S. is estimated at US$2.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.6 Billion by the year 2027 trailing a CAGR of 19.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.7% and 16.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.7% CAGR.

Select Competitors (Total 35 Featured) -

  • ABB Ltd.
  • BYD Co. Ltd.
  • Eaton
  • Eguana Technologies
  • Huawei
  • LG Chem Ltd.
  • Samsung SDI Co. Ltd.
  • Schneider Electric
  • Siemens AG
  • SMA Solar Technology
  • Tabuchi Electric
  • Tesla Inc.
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: World Current & Future Analysis for Residential Energy Storage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 2: World 7-Year Perspective for Residential Energy Storage by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020 & 2027
TABLE 3: World Current & Future Analysis for 3-6 kW by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 4: World 7-Year Perspective for 3-6 kW by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
TABLE 5: World Current & Future Analysis for 7-10 kW by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 6: World 7-Year Perspective for 7-10 kW by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
TABLE 7: World Current & Future Analysis for Lithium-Ion by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 8: World 7-Year Perspective for Lithium-Ion by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
TABLE 9: World Current & Future Analysis for Lead–Acid by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 10: World 7-Year Perspective for Lead–Acid by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
TABLE 11: World Current & Future Analysis for Customer Owned by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 12: World 7-Year Perspective for Customer Owned by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
TABLE 13: World Current & Future Analysis for Utility Owned by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 14: World 7-Year Perspective for Utility Owned by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
TABLE 15: World Current & Future Analysis for Third-Party Owned by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 16: World 7-Year Perspective for Third-Party Owned by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
III. MARKET ANALYSIS
UNITED STATES
TABLE 17: USA Current & Future Analysis for Residential Energy Storage by Power Rating - 3-6 kW and 7-10 kW - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 18: USA 7-Year Perspective for Residential Energy Storage by Power Rating - Percentage Breakdown of Value Sales for 3-6 kW and 7-10 kW for the Years 2020 & 2027
TABLE 19: USA Current & Future Analysis for Residential Energy Storage by Technology - Lithium-Ion and Lead–Acid - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 20: USA 7-Year Perspective for Residential Energy Storage by Technology - Percentage Breakdown of Value Sales for Lithium-Ion and Lead–Acid for the Years 2020 & 2027
TABLE 21: USA Current & Future Analysis for Residential Energy Storage by Ownership - Customer Owned, Utility Owned and Third-Party Owned - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 22: USA 7-Year Perspective for Residential Energy Storage by Ownership - Percentage Breakdown of Value Sales for Customer Owned, Utility Owned and Third-Party Owned for the Years 2020 & 2027
CANADA
TABLE 23: Canada Current & Future Analysis for Residential Energy Storage by Power Rating - 3-6 kW and 7-10 kW - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 24: Canada 7-Year Perspective for Residential Energy Storage by Power Rating - Percentage Breakdown of Value Sales for 3-6 kW and 7-10 kW for the Years 2020 & 2027
TABLE 25: Canada Current & Future Analysis for Residential Energy Storage by Technology - Lithium-Ion and Lead–Acid - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 26: Canada 7-Year Perspective for Residential Energy Storage by Technology - Percentage Breakdown of Value Sales for Lithium-Ion and Lead–Acid for the Years 2020 & 2027
TABLE 27: Canada Current & Future Analysis for Residential Energy Storage by Ownership - Customer Owned, Utility Owned and Third-Party Owned - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 28: Canada 7-Year Perspective for Residential Energy Storage by Ownership - Percentage Breakdown of Value Sales for Customer Owned, Utility Owned and Third-Party Owned for the Years 2020 & 2027
JAPAN
TABLE 29: Japan Current & Future Analysis for Residential Energy Storage by Power Rating - 3-6 kW and 7-10 kW - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 30: Japan 7-Year Perspective for Residential Energy Storage by Power Rating - Percentage Breakdown of Value Sales for 3-6 kW and 7-10 kW for the Years 2020 & 2027
TABLE 31: Japan Current & Future Analysis for Residential Energy Storage by Technology - Lithium-Ion and Lead–Acid - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 32: Japan 7-Year Perspective for Residential Energy Storage by Technology - Percentage Breakdown of Value Sales for Lithium-Ion and Lead–Acid for the Years 2020 & 2027
TABLE 33: Japan Current & Future Analysis for Residential Energy Storage by Ownership - Customer Owned, Utility Owned and Third-Party Owned - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 34: Japan 7-Year Perspective for Residential Energy Storage by Ownership - Percentage Breakdown of Value Sales for Customer Owned, Utility Owned and Third-Party Owned for the Years 2020 & 2027
CHINA
TABLE 35: China Current & Future Analysis for Residential Energy Storage by Power Rating - 3-6 kW and 7-10 kW - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 36: China 7-Year Perspective for Residential Energy Storage by Power Rating - Percentage Breakdown of Value Sales for 3-6 kW and 7-10 kW for the Years 2020 & 2027
TABLE 37: China Current & Future Analysis for Residential Energy Storage by Technology - Lithium-Ion and Lead–Acid - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 38: China 7-Year Perspective for Residential Energy Storage by Technology - Percentage Breakdown of Value Sales for Lithium-Ion and Lead–Acid for the Years 2020 & 2027
TABLE 39: China Current & Future Analysis for Residential Energy Storage by Ownership - Customer Owned, Utility Owned and Third-Party Owned - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 40: China 7-Year Perspective for Residential Energy Storage by Ownership - Percentage Breakdown of Value Sales for Customer Owned, Utility Owned and Third-Party Owned for the Years 2020 & 2027
EUROPE
TABLE 41: Europe Current & Future Analysis for Residential Energy Storage by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 42: Europe 7-Year Perspective for Residential Energy Storage by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2020 & 2027
TABLE 43: Europe Current & Future Analysis for Residential Energy Storage by Power Rating - 3-6 kW and 7-10 kW - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 44: Europe 7-Year Perspective for Residential Energy Storage by Power Rating - Percentage Breakdown of Value Sales for 3-6 kW and 7-10 kW for the Years 2020 & 2027
TABLE 45: Europe Current & Future Analysis for Residential Energy Storage by Technology - Lithium-Ion and Lead–Acid - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 46: Europe 7-Year Perspective for Residential Energy Storage by Technology - Percentage Breakdown of Value Sales for Lithium-Ion and Lead–Acid for the Years 2020 & 2027
TABLE 47: Europe Current & Future Analysis for Residential Energy Storage by Ownership - Customer Owned, Utility Owned and Third-Party Owned - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 48: Europe 7-Year Perspective for Residential Energy Storage by Ownership - Percentage Breakdown of Value Sales for Customer Owned, Utility Owned and Third-Party Owned for the Years 2020 & 2027
FRANCE
TABLE 49: France Current & Future Analysis for Residential Energy Storage by Power Rating - 3-6 kW and 7-10 kW - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 50: France 7-Year Perspective for Residential Energy Storage by Power Rating - Percentage Breakdown of Value Sales for 3-6 kW and 7-10 kW for the Years 2020 & 2027
TABLE 51: France Current & Future Analysis for Residential Energy Storage by Technology - Lithium-Ion and Lead–Acid - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 52: France 7-Year Perspective for Residential Energy Storage by Technology - Percentage Breakdown of Value Sales for Lithium-Ion and Lead–Acid for the Years 2020 & 2027
TABLE 53: France Current & Future Analysis for Residential Energy Storage by Ownership - Customer Owned, Utility Owned and Third-Party Owned - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 54: France 7-Year Perspective for Residential Energy Storage by Ownership - Percentage Breakdown of Value Sales for Customer Owned, Utility Owned and Third-Party Owned for the Years 2020 & 2027
GERMANY
TABLE 55: Germany Current & Future Analysis for Residential Energy Storage by Power Rating - 3-6 kW and 7-10 kW - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 56: Germany 7-Year Perspective for Residential Energy Storage by Power Rating - Percentage Breakdown of Value Sales for 3-6 kW and 7-10 kW for the Years 2020 & 2027
TABLE 57: Germany Current & Future Analysis for Residential Energy Storage by Technology - Lithium-Ion and Lead–Acid - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 58: Germany 7-Year Perspective for Residential Energy Storage by Technology - Percentage Breakdown of Value Sales for Lithium-Ion and Lead–Acid for the Years 2020 & 2027
TABLE 59: Germany Current & Future Analysis for Residential Energy Storage by Ownership - Customer Owned, Utility Owned and Third-Party Owned - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 60: Germany 7-Year Perspective for Residential Energy Storage by Ownership - Percentage Breakdown of Value Sales for Customer Owned, Utility Owned and Third-Party Owned for the Years 2020 & 2027
ITALY
TABLE 61: Italy Current & Future Analysis for Residential Energy Storage by Power Rating - 3-6 kW and 7-10 kW - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 62: Italy 7-Year Perspective for Residential Energy Storage by Power Rating - Percentage Breakdown of Value Sales for 3-6 kW and 7-10 kW for the Years 2020 & 2027
TABLE 63: Italy Current & Future Analysis for Residential Energy Storage by Technology - Lithium-Ion and Lead–Acid - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 64: Italy 7-Year Perspective for Residential Energy Storage by Technology - Percentage Breakdown of Value Sales for Lithium-Ion and Lead–Acid for the Years 2020 & 2027
TABLE 65: Italy Current & Future Analysis for Residential Energy Storage by Ownership - Customer Owned, Utility Owned and Third-Party Owned - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 66: Italy 7-Year Perspective for Residential Energy Storage by Ownership - Percentage Breakdown of Value Sales for Customer Owned, Utility Owned and Third-Party Owned for the Years 2020 & 2027
UNITED KINGDOM
TABLE 67: UK Current & Future Analysis for Residential Energy Storage by Power Rating - 3-6 kW and 7-10 kW - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 68: UK 7-Year Perspective for Residential Energy Storage by Power Rating - Percentage Breakdown of Value Sales for 3-6 kW and 7-10 kW for the Years 2020 & 2027
TABLE 69: UK Current & Future Analysis for Residential Energy Storage by Technology - Lithium-Ion and Lead–Acid - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 70: UK 7-Year Perspective for Residential Energy Storage by Technology - Percentage Breakdown of Value Sales for Lithium-Ion and Lead–Acid for the Years 2020 & 2027
TABLE 71: UK Current & Future Analysis for Residential Energy Storage by Ownership - Customer Owned, Utility Owned and Third-Party Owned - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 72: UK 7-Year Perspective for Residential Energy Storage by Ownership - Percentage Breakdown of Value Sales for Customer Owned, Utility Owned and Third-Party Owned for the Years 2020 & 2027
REST OF EUROPE
TABLE 73: Rest of Europe Current & Future Analysis for Residential Energy Storage by Power Rating - 3-6 kW and 7-10 kW - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 74: Rest of Europe 7-Year Perspective for Residential Energy Storage by Power Rating - Percentage Breakdown of Value Sales for 3-6 kW and 7-10 kW for the Years 2020 & 2027
TABLE 75: Rest of Europe Current & Future Analysis for Residential Energy Storage by Technology - Lithium-Ion and Lead–Acid - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 76: Rest of Europe 7-Year Perspective for Residential Energy Storage by Technology - Percentage Breakdown of Value Sales for Lithium-Ion and Lead–Acid for the Years 2020 & 2027
TABLE 77: Rest of Europe Current & Future Analysis for Residential Energy Storage by Ownership - Customer Owned, Utility Owned and Third-Party Owned - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 78: Rest of Europe 7-Year Perspective for Residential Energy Storage by Ownership - Percentage Breakdown of Value Sales for Customer Owned, Utility Owned and Third-Party Owned for the Years 2020 & 2027
ASIA-PACIFIC
TABLE 79: Asia-Pacific Current & Future Analysis for Residential Energy Storage by Power Rating - 3-6 kW and 7-10 kW - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 80: Asia-Pacific 7-Year Perspective for Residential Energy Storage by Power Rating - Percentage Breakdown of Value Sales for 3-6 kW and 7-10 kW for the Years 2020 & 2027
TABLE 81: Asia-Pacific Current & Future Analysis for Residential Energy Storage by Technology - Lithium-Ion and Lead–Acid - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 82: Asia-Pacific 7-Year Perspective for Residential Energy Storage by Technology - Percentage Breakdown of Value Sales for Lithium-Ion and Lead–Acid for the Years 2020 & 2027
TABLE 83: Asia-Pacific Current & Future Analysis for Residential Energy Storage by Ownership - Customer Owned, Utility Owned and Third-Party Owned - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 84: Asia-Pacific 7-Year Perspective for Residential Energy Storage by Ownership - Percentage Breakdown of Value Sales for Customer Owned, Utility Owned and Third-Party Owned for the Years 2020 & 2027
REST OF WORLD
TABLE 85: Rest of World Current & Future Analysis for Residential Energy Storage by Power Rating - 3-6 kW and 7-10 kW - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 86: Rest of World 7-Year Perspective for Residential Energy Storage by Power Rating - Percentage Breakdown of Value Sales for 3-6 kW and 7-10 kW for the Years 2020 & 2027
TABLE 87: Rest of World Current & Future Analysis for Residential Energy Storage by Technology - Lithium-Ion and Lead–Acid - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 88: Rest of World 7-Year Perspective for Residential Energy Storage by Technology - Percentage Breakdown of Value Sales for Lithium-Ion and Lead–Acid for the Years 2020 & 2027
TABLE 89: Rest of World Current & Future Analysis for Residential Energy Storage by Ownership - Customer Owned, Utility Owned and Third-Party Owned - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 90: Rest of World 7-Year Perspective for Residential Energy Storage by Ownership - Percentage Breakdown of Value Sales for Customer Owned, Utility Owned and Third-Party Owned for the Years 2020 & 2027
IV. COMPETITION
Total Companies Profiled: 35

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