Global Residential Solar Energy Storage Market 2020-2024

Global Residential Solar Energy Storage Market 2020-2024

Technavio has been monitoring the global residential solar energy storage market and it is poised to grow by USD 26.59 bn during 2020-2024, progressing at a CAGR of 37% during the forecast period. Our reports on global residential solar energy storage 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 global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rising energy costs.In addition, increasing green construction spending and zero energy home is anticipated to boost the growth of the global residential solar energy storage market as well.
Market Segmentation
Technavio's global residential solar energy storage market is segmented as below:
Type:
Li-ion Batteries
Lead Acid Batteries

Geographic Segmentation:
APAC
Europe
MEA
North America
South America

Key Trends for global residential solar energy storage market growth
This study identifies increasing green construction spending and zero energy home as the prime reasons driving the global residential solar energy storage market growth during the next few years.
Prominent vendors in global residential solar energy storage market
We provide a detailed analysis of around 25 vendors operating in the global residential solar energy storage market, including some of the vendors such as East Penn Manufacturing Co. Inc., Enphase Energy Inc., LG Chem Ltd., LG Electronics Inc., Panasonic Corp., redT energy Plc, Royal Dutch Shell Plc, Samsung SDI Co. Ltd., Sony Corp. and TOTAL SA .
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.
About Technavio
Technavio 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. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market characteristics
    • Value chain analysis
  • Market Sizing
    • Market definition
      • Table Product / Service portfolio of key vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024
      • Table Global - Market size and forecast 2019 - 2024 ($ billion)
      • Table Global market: Year-over-year growth 2019 - 2024 (%)
  • Five Forces Analysis
    • Five Forces Summary
      • Table Five forces analysis 2019 & 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market Segmentation by Technology
    • Market segments
      • Table Technology placement - Market share 2019-2024 (%)
    • Comparison by Technology placement
      • Table Comparison by Technology placement
    • Li-ion batteries - Market size and forecast 2019- 2024
      • Table Li-ion batteries - Market size and forecast 2019-2024 ($ billion)
      • Table Li-ion batteries - Year-over-year growth 2019-2024 (%)
    • Lead acid batteries - Market size and forecast 2019-2024
      • Table AGM and gel lead-acid battery in comparison to flooded lead-acid battery
      • Table Lead acid batteries - Market size and forecast 2019-2024 ($ billion)
      • Table Lead acid batteries - Year-over-year growth 2019-2024 (%)
    • Market opportunity by Technology
      • Table Market opportunity by Technology
  • Customer landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ billion)
      • Table APAC - Year-over-year growth 2019-2024 (%)
    • North America - Market size and forecast 2019- 2024
      • Table North America - Market size and forecast 2019-2024 ($ billion)
      • Table North America - Year-over-year growth 2019-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ billion)
      • Table Europe - Year-over-year growth 2019-2024 (%)
    • South America - Market size and forecast 2019- 2024
      • Table South America - Market size and forecast 2019-2024 ($ billion)
      • Table South America - Year-over-year growth 2019-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ billion)
      • Table MEA - Year-over-year growth 2019-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography ($ billion)
  • Drivers, Challenges, and Trends
    • Volume driver - Demand led growth
      • Reduction in PV and energy storage system costs
      • Increasing self-consumption and availability of incentives
      • Rising energy costs
    • Market challenges
      • Availability of alternative technologies
      • Technical challenges associated with battery technology
      • Low efficiency of solar PV
        • Table Impact of drivers and challenges
    • Market trends
      • Residential energy storage as virtual power plants
      • Market attracting new vendors
      • Increased green construction spending and zero energy homes
  • Vendor Landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • East Penn Manufacturing Co. Inc.
      • Table East Penn Manufacturing Co. Inc. - Overview
      • Table East Penn Manufacturing Co. Inc. - Business segments
      • Table East Penn Manufacturing Co. Inc. - Key news
      • Table East Penn Manufacturing Co. Inc. - Key offerings
    • Enphase Energy Inc.
      • Table Enphase Energy Inc. - Overview
      • Table Enphase Energy Inc. - Business segments
      • Table Enphase Energy Inc. - Key news
      • Table Enphase Energy Inc. - Key offerings
    • LG Chem Ltd.
      • Table LG Chem Ltd. - Overview
      • Table LG Chem Ltd. - Business segments
      • Table LG Chem Ltd. - Key news
      • Table LG Chem Ltd. - Key offerings
      • Table LG Chem Ltd. - Segment focus
    • LG Electronics Inc.
      • Table LG Electronics Inc. - Overview
      • Table LG Electronics Inc. - Business segments
      • Table LG Electronics Inc. - Key news
      • Table LG Electronics Inc. - Key offerings
      • Table LG Electronics Inc. - Segment focus
    • Panasonic Corp.
      • Table Panasonic Corp. - Overview
      • Table Panasonic Corp. - Business segments
      • Table Panasonic Corp. - Key news
      • Table Panasonic Corp. - Key offerings
      • Table Panasonic Corp. - Segment focus
    • redT energy Plc
      • Table redT energy Plc - Overview
      • Table redT energy Plc - Product and service
      • Table redT energy Plc - Key news
      • Table redT energy Plc - Key offerings
    • Royal Dutch Shell Plc
      • Table Royal Dutch Shell Plc - Overview
      • Table Royal Dutch Shell Plc - Business segments
      • Table Royal Dutch Shell Plc - Key news
      • Table Royal Dutch Shell Plc - Key offerings
      • Table Royal Dutch Shell Plc - Segment focus
    • Samsung SDI Co. Ltd.
      • Table Samsung SDI Co. Ltd. - Overview
      • Table Samsung SDI Co. Ltd. - Product and service
      • Table Samsung SDI Co. Ltd. - Key news
      • Table Samsung SDI Co. Ltd. - Key offerings
    • Sony Corp.
      • Table Sony Corp. - Overview
      • Table Sony Corp. - Business segments
      • Table Sony Corp. - Key news
      • Table Sony Corp. - Key offerings
      • Table Sony Corp. - Segment focus
    • TOTAL SA
      • Table TOTAL SA - Overview
      • Table TOTAL SA - Business segments
      • Table TOTAL SA - Key news
      • Table TOTAL SA - Key offerings
      • Table TOTAL SA - Segment focus
  • Appendix
    • Scope of the report
      • Market Definition:
      • Objectives
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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