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.
Technavio's global residential solar energy storage market is segmented as below:
Lead Acid Batteries
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.
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.
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