Global Residential Solar Energy Storage Supply, Demand and Key Producers, 2026-2032
Description
The global Residential Solar Energy Storage market size is expected to reach $ 7562 million by 2032, rising at a market growth of 10.1% CAGR during the forecast period (2026-2032).
The residential energy storage solutions feature robust, maintenance-free Trojan Solar AGM batteries, which are designed to not only provide emergency backup power capabilities during devastating storms, grid brownouts and blackouts, but can also be used to provide supplemental off-grid power. Residential Solar Energy Storage is usually no more than 30KWh.
In USA market, residential solar energy storage is mainly classified into the following types: li-ion battery and lead-acid battery. Li-ion battery is the most widely used type which takes up around 97% of the total in the US market. Residential solar energy storage is used in collective house and detached house. Detached house was the most widely used area which took up nearly about 58.4% of the U.S. total. East Penn Manufacturing, LG Chem, BYD, Panasonic, Tesla, Samsung SDI, Sonnen, Saft, A123 Systems, Enphase Energy, E-On Batteries, etc. are the key suppliers in the U.S. residential solar energy storage market. Top 3 took up about 80% of the U.S. market.
Market Drivers
1. Economic Incentives and Financial Optimization
This is a primary motivator for homeowners, turning a battery into a financial asset.
Maximizing Self-Consumption: Solar panels generate the most electricity in the middle of the day, when homeowners are often not using the most power. A battery stores this excess solar energy for use in the evening when consumption is high, instead of exporting it to the grid. This dramatically increases the amount of free solar energy a homeowner uses, reducing their electricity bills.
Government Incentives and Tax Credits: Policies like the Federal Investment Tax Credit (ITC) in the U.S. significantly reduce the upfront cost of installing a solar-plus-storage system. Many states and utilities offer additional rebates (e.g., SGIP in California) or performance-based incentives, improving the return on investment.
Potential for Future Revenue Streams: The concept of Virtual Power Plants (VPPs) is emerging. Utilities or aggregators can compensate homeowners for allowing them to draw small amounts of energy from their collective batteries during times of extreme grid demand, turning the battery into a potential source of income.
2. Energy Resilience and Security
This driver has become increasingly important due to climate change and grid instability.
Backup Power During Outages: This is a huge selling point. With increasing frequency and duration of power outages due to extreme weather (wildfires, storms, heatwaves), a solar-storage system provides critical backup power to keep lights, refrigerators, medical equipment, and communications running.
Grid Independence: For some homeowners, particularly in areas with unreliable grids or very high electricity costs, storage offers a path toward greater energy independence and security, reducing reliance on the traditional utility grid.
3. Technological Advancement and Cost Reduction
The technology itself has become viable for mass adoption.
Falling Battery Costs: The cost of lithium-ion batteries, driven by economies of scale from the electric vehicle industry, has plummeted over the past decade, making storage systems more affordable for the average homeowner.
Improved Technology: Modern batteries offer higher energy density (more storage in a smaller space), longer lifespans (more cycles), and better efficiency. The integration of software and smart energy management systems allows for optimal, automated control of energy use and storage.
Seamless Integration: Manufacturers now offer fully integrated systems (solar inverters and batteries) that are easier to install, more aesthetically pleasing, and simpler for homeowners to monitor and control via smartphone apps.
This report studies the global Residential Solar Energy Storage production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Residential Solar Energy Storage and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Residential Solar Energy Storage that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Residential Solar Energy Storage total production and demand, 2021-2032, (KWh)
Global Residential Solar Energy Storage total production value, 2021-2032, (USD Million)
Global Residential Solar Energy Storage production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (KWh), (based on production site)
Global Residential Solar Energy Storage consumption by region & country, CAGR, 2021-2032 & (KWh)
U.S. VS China: Residential Solar Energy Storage domestic production, consumption, key domestic manufacturers and share
Global Residential Solar Energy Storage production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (KWh)
Global Residential Solar Energy Storage production by Type, production, value, CAGR, 2021-2032, (USD Million) & (KWh)
Global Residential Solar Energy Storage production by Application, production, value, CAGR, 2021-2032, (USD Million) & (KWh)
This report profiles key players in the global Residential Solar Energy Storage market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Tesla, LG Chem, East Penn Manufacturing, Sonnen, A123 Systems, Panasonic, E-On Batteries, Enphase Energy, Exide Technologies, Samsung SDI, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Residential Solar Energy Storage market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (KWh) and average price (USD/KWh) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Residential Solar Energy Storage Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Residential Solar Energy Storage Market, Segmentation by Type:
Li-Ion
Lead-Acid
Global Residential Solar Energy Storage Market, Segmentation by Application:
Collective House
Detached House
Companies Profiled:
Tesla
LG Chem
East Penn Manufacturing
Sonnen
A123 Systems
Panasonic
E-On Batteries
Enphase Energy
Exide Technologies
Samsung SDI
Saft
Hoppecke Batterien
BYD
AlphaESS
Fortress Power
SankoPower
Key Questions Answered:
1. How big is the global Residential Solar Energy Storage market?
2. What is the demand of the global Residential Solar Energy Storage market?
3. What is the year over year growth of the global Residential Solar Energy Storage market?
4. What is the production and production value of the global Residential Solar Energy Storage market?
5. Who are the key producers in the global Residential Solar Energy Storage market?
6. What are the growth factors driving the market demand?
The residential energy storage solutions feature robust, maintenance-free Trojan Solar AGM batteries, which are designed to not only provide emergency backup power capabilities during devastating storms, grid brownouts and blackouts, but can also be used to provide supplemental off-grid power. Residential Solar Energy Storage is usually no more than 30KWh.
In USA market, residential solar energy storage is mainly classified into the following types: li-ion battery and lead-acid battery. Li-ion battery is the most widely used type which takes up around 97% of the total in the US market. Residential solar energy storage is used in collective house and detached house. Detached house was the most widely used area which took up nearly about 58.4% of the U.S. total. East Penn Manufacturing, LG Chem, BYD, Panasonic, Tesla, Samsung SDI, Sonnen, Saft, A123 Systems, Enphase Energy, E-On Batteries, etc. are the key suppliers in the U.S. residential solar energy storage market. Top 3 took up about 80% of the U.S. market.
Market Drivers
1. Economic Incentives and Financial Optimization
This is a primary motivator for homeowners, turning a battery into a financial asset.
Maximizing Self-Consumption: Solar panels generate the most electricity in the middle of the day, when homeowners are often not using the most power. A battery stores this excess solar energy for use in the evening when consumption is high, instead of exporting it to the grid. This dramatically increases the amount of free solar energy a homeowner uses, reducing their electricity bills.
Government Incentives and Tax Credits: Policies like the Federal Investment Tax Credit (ITC) in the U.S. significantly reduce the upfront cost of installing a solar-plus-storage system. Many states and utilities offer additional rebates (e.g., SGIP in California) or performance-based incentives, improving the return on investment.
Potential for Future Revenue Streams: The concept of Virtual Power Plants (VPPs) is emerging. Utilities or aggregators can compensate homeowners for allowing them to draw small amounts of energy from their collective batteries during times of extreme grid demand, turning the battery into a potential source of income.
2. Energy Resilience and Security
This driver has become increasingly important due to climate change and grid instability.
Backup Power During Outages: This is a huge selling point. With increasing frequency and duration of power outages due to extreme weather (wildfires, storms, heatwaves), a solar-storage system provides critical backup power to keep lights, refrigerators, medical equipment, and communications running.
Grid Independence: For some homeowners, particularly in areas with unreliable grids or very high electricity costs, storage offers a path toward greater energy independence and security, reducing reliance on the traditional utility grid.
3. Technological Advancement and Cost Reduction
The technology itself has become viable for mass adoption.
Falling Battery Costs: The cost of lithium-ion batteries, driven by economies of scale from the electric vehicle industry, has plummeted over the past decade, making storage systems more affordable for the average homeowner.
Improved Technology: Modern batteries offer higher energy density (more storage in a smaller space), longer lifespans (more cycles), and better efficiency. The integration of software and smart energy management systems allows for optimal, automated control of energy use and storage.
Seamless Integration: Manufacturers now offer fully integrated systems (solar inverters and batteries) that are easier to install, more aesthetically pleasing, and simpler for homeowners to monitor and control via smartphone apps.
This report studies the global Residential Solar Energy Storage production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Residential Solar Energy Storage and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Residential Solar Energy Storage that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Residential Solar Energy Storage total production and demand, 2021-2032, (KWh)
Global Residential Solar Energy Storage total production value, 2021-2032, (USD Million)
Global Residential Solar Energy Storage production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (KWh), (based on production site)
Global Residential Solar Energy Storage consumption by region & country, CAGR, 2021-2032 & (KWh)
U.S. VS China: Residential Solar Energy Storage domestic production, consumption, key domestic manufacturers and share
Global Residential Solar Energy Storage production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (KWh)
Global Residential Solar Energy Storage production by Type, production, value, CAGR, 2021-2032, (USD Million) & (KWh)
Global Residential Solar Energy Storage production by Application, production, value, CAGR, 2021-2032, (USD Million) & (KWh)
This report profiles key players in the global Residential Solar Energy Storage market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Tesla, LG Chem, East Penn Manufacturing, Sonnen, A123 Systems, Panasonic, E-On Batteries, Enphase Energy, Exide Technologies, Samsung SDI, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Residential Solar Energy Storage market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (KWh) and average price (USD/KWh) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Residential Solar Energy Storage Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Residential Solar Energy Storage Market, Segmentation by Type:
Li-Ion
Lead-Acid
Global Residential Solar Energy Storage Market, Segmentation by Application:
Collective House
Detached House
Companies Profiled:
Tesla
LG Chem
East Penn Manufacturing
Sonnen
A123 Systems
Panasonic
E-On Batteries
Enphase Energy
Exide Technologies
Samsung SDI
Saft
Hoppecke Batterien
BYD
AlphaESS
Fortress Power
SankoPower
Key Questions Answered:
1. How big is the global Residential Solar Energy Storage market?
2. What is the demand of the global Residential Solar Energy Storage market?
3. What is the year over year growth of the global Residential Solar Energy Storage market?
4. What is the production and production value of the global Residential Solar Energy Storage market?
5. Who are the key producers in the global Residential Solar Energy Storage market?
6. What are the growth factors driving the market demand?
Table of Contents
155 Pages
- 1 Supply Summary
- 2 Demand Summary
- 3 World Manufacturers Competitive Analysis
- 4 United States VS China VS Rest of the World
- 5 Market Analysis by Type
- 6 Market Analysis by Application
- 7 Company Profiles
- 8 Industry Chain Analysis
- 9 Research Findings and Conclusion
- 10 Appendix
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
