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Global Residential Energy Storage Systems Market Research Report 2024
Synopsis
The global Residential Energy Storage Systems market was valued at US$ 3358.8 million in 2023 and is anticipated to reach US$ 4797.3 million by 2030, witnessing a CAGR of 5.3% during the forecast period 2024-2030.
In February 2023, the Standardization Administration of China and the National Energy Administration issued the Guidelines on the Construction of New Energy Storage Standard System, which included 205 new energy storage standards. In the 14th Five-Year Plan and the 2035 Vision Target Outline, the energy storage industry, energy storage capacity, energy storage projects have been made requirements. In 2021, China issued the Guiding Opinions on Accelerating the Development of New Energy Storage, which specified a clear path for the development of energy storage industry. According to the data of CEC, the cumulative installed capacity of electrochemical energy storage power stations that put into operation was mainly distributed in the power side, and the total energy is 6.80 GWh, which accounted for 48.40% by the end of 2022.
According to CNESA, by the end of 2022, the cumulative installed capacity of power energy storage projects which has put into operation in the world was 237.2GW, with an annual growth rate of 15%. The cumulative installed capacity of new energy storage reached 45.7GW, which has nearly twice of the same period last year, with an annual growth rate of 80%. The lithium-ion battery occupied an absolute dominant position, with an annual growth rate of more than 85%. The global energy storage market developed rapidly, and the installed capacity of new power energy storage projects is 30.7GW, with a year-on-year growth of 98%. China, Europe and the United States continued to lead the development of the global energy storage market, collectively accounting for 86% of the global market.
According to CNESA statistics, by the end of 2022, the total installed capacity of power energy storage projects put into operation in China was 59.8GW, accounting for 25% of the total global market scale, with an annual growth rate of 38%. The cumulative installed capacity of new energy storage exceeded 10GW for the first time, reaching 13.1GW / 27.1, GWh. And the annual growth rate of power scale reached 128%, while the annual growth rate of energy scale reached 141%. The installed capacity of newly added power energy storage projects in China reached 16.5GW for the first time, among which the new capacity of pumped storage was 9.1GW. Among the new energy storage, lithium-ion battery occupied an absolute dominant position, accounting for 129%.
This report aims to provide a comprehensive presentation of the global market for Residential Energy Storage Systems, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Residential Energy Storage Systems.
Report Scope
The Residential Energy Storage Systems market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Residential Energy Storage Systems market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Residential Energy Storage Systems manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Tesla
Orison Corporation
Panasonic
Mercedes-Benz
Nissan
Sonnen Corporation
Sunverge Energy
Ceres Power Holdings
Solomon Technologies
Yanmar
Segment by Type
Lead Acid Batteries
Lithium Ion Batteries
Other
Segment by Application
Residential Apartments
Private Villas
Other
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Residential Energy Storage Systems manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Residential Energy Storage Systems by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Residential Energy Storage Systems in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
The global Residential Energy Storage Systems market was valued at US$ 3358.8 million in 2023 and is anticipated to reach US$ 4797.3 million by 2030, witnessing a CAGR of 5.3% during the forecast period 2024-2030.
In February 2023, the Standardization Administration of China and the National Energy Administration issued the Guidelines on the Construction of New Energy Storage Standard System, which included 205 new energy storage standards. In the 14th Five-Year Plan and the 2035 Vision Target Outline, the energy storage industry, energy storage capacity, energy storage projects have been made requirements. In 2021, China issued the Guiding Opinions on Accelerating the Development of New Energy Storage, which specified a clear path for the development of energy storage industry. According to the data of CEC, the cumulative installed capacity of electrochemical energy storage power stations that put into operation was mainly distributed in the power side, and the total energy is 6.80 GWh, which accounted for 48.40% by the end of 2022.
According to CNESA, by the end of 2022, the cumulative installed capacity of power energy storage projects which has put into operation in the world was 237.2GW, with an annual growth rate of 15%. The cumulative installed capacity of new energy storage reached 45.7GW, which has nearly twice of the same period last year, with an annual growth rate of 80%. The lithium-ion battery occupied an absolute dominant position, with an annual growth rate of more than 85%. The global energy storage market developed rapidly, and the installed capacity of new power energy storage projects is 30.7GW, with a year-on-year growth of 98%. China, Europe and the United States continued to lead the development of the global energy storage market, collectively accounting for 86% of the global market.
According to CNESA statistics, by the end of 2022, the total installed capacity of power energy storage projects put into operation in China was 59.8GW, accounting for 25% of the total global market scale, with an annual growth rate of 38%. The cumulative installed capacity of new energy storage exceeded 10GW for the first time, reaching 13.1GW / 27.1, GWh. And the annual growth rate of power scale reached 128%, while the annual growth rate of energy scale reached 141%. The installed capacity of newly added power energy storage projects in China reached 16.5GW for the first time, among which the new capacity of pumped storage was 9.1GW. Among the new energy storage, lithium-ion battery occupied an absolute dominant position, accounting for 129%.
This report aims to provide a comprehensive presentation of the global market for Residential Energy Storage Systems, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Residential Energy Storage Systems.
Report Scope
The Residential Energy Storage Systems market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Residential Energy Storage Systems market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Residential Energy Storage Systems manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Tesla
Orison Corporation
Panasonic
Mercedes-Benz
Nissan
Sonnen Corporation
Sunverge Energy
Ceres Power Holdings
Solomon Technologies
Yanmar
Segment by Type
Lead Acid Batteries
Lithium Ion Batteries
Other
Segment by Application
Residential Apartments
Private Villas
Other
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Residential Energy Storage Systems manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Residential Energy Storage Systems by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Residential Energy Storage Systems in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Residential Energy Storage Systems Market Overview
1.1 Product Definition
1.2 Residential Energy Storage Systems Segment by Type
1.2.1 Global Residential Energy Storage Systems Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Lead Acid Batteries
1.2.3 Lithium Ion Batteries
1.2.4 Other
1.3 Residential Energy Storage Systems Segment by Application
1.3.1 Global Residential Energy Storage Systems Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Residential Apartments
1.3.3 Private Villas
1.3.4 Other
1.4 Global Market Growth Prospects
1.4.1 Global Residential Energy Storage Systems Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Residential Energy Storage Systems Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Residential Energy Storage Systems Production Estimates and Forecasts (2019-2030)
1.4.4 Global Residential Energy Storage Systems Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Residential Energy Storage Systems Production Market Share by Manufacturers (2019-2024)
2.2 Global Residential Energy Storage Systems Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Residential Energy Storage Systems, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Residential Energy Storage Systems Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Residential Energy Storage Systems Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Residential Energy Storage Systems, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Residential Energy Storage Systems, Product Offered and Application
2.8 Global Key Manufacturers of Residential Energy Storage Systems, Date of Enter into This Industry
2.9 Residential Energy Storage Systems Market Competitive Situation and Trends
2.9.1 Residential Energy Storage Systems Market Concentration Rate
2.9.2 Global 5 and 10 Largest Residential Energy Storage Systems Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Residential Energy Storage Systems Production by Region
3.1 Global Residential Energy Storage Systems Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Residential Energy Storage Systems Production Value by Region (2019-2030)
3.2.1 Global Residential Energy Storage Systems Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Residential Energy Storage Systems by Region (2025-2030)
3.3 Global Residential Energy Storage Systems Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Residential Energy Storage Systems Production by Region (2019-2030)
3.4.1 Global Residential Energy Storage Systems Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Residential Energy Storage Systems by Region (2025-2030)
3.5 Global Residential Energy Storage Systems Market Price Analysis by Region (2019-2024)
3.6 Global Residential Energy Storage Systems Production and Value, Year-over-Year Growth
3.6.1 North America Residential Energy Storage Systems Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Residential Energy Storage Systems Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Residential Energy Storage Systems Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Residential Energy Storage Systems Production Value Estimates and Forecasts (2019-2030)
4 Residential Energy Storage Systems Consumption by Region
4.1 Global Residential Energy Storage Systems Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Residential Energy Storage Systems Consumption by Region (2019-2030)
4.2.1 Global Residential Energy Storage Systems Consumption by Region (2019-2024)
4.2.2 Global Residential Energy Storage Systems Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Residential Energy Storage Systems Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Residential Energy Storage Systems Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Residential Energy Storage Systems Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Residential Energy Storage Systems Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Residential Energy Storage Systems Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Residential Energy Storage Systems Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Residential Energy Storage Systems Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Residential Energy Storage Systems Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Residential Energy Storage Systems Production by Type (2019-2030)
5.1.1 Global Residential Energy Storage Systems Production by Type (2019-2024)
5.1.2 Global Residential Energy Storage Systems Production by Type (2025-2030)
5.1.3 Global Residential Energy Storage Systems Production Market Share by Type (2019-2030)
5.2 Global Residential Energy Storage Systems Production Value by Type (2019-2030)
5.2.1 Global Residential Energy Storage Systems Production Value by Type (2019-2024)
5.2.2 Global Residential Energy Storage Systems Production Value by Type (2025-2030)
5.2.3 Global Residential Energy Storage Systems Production Value Market Share by Type (2019-2030)
5.3 Global Residential Energy Storage Systems Price by Type (2019-2030)
6 Segment by Application
6.1 Global Residential Energy Storage Systems Production by Application (2019-2030)
6.1.1 Global Residential Energy Storage Systems Production by Application (2019-2024)
6.1.2 Global Residential Energy Storage Systems Production by Application (2025-2030)
6.1.3 Global Residential Energy Storage Systems Production Market Share by Application (2019-2030)
6.2 Global Residential Energy Storage Systems Production Value by Application (2019-2030)
6.2.1 Global Residential Energy Storage Systems Production Value by Application (2019-2024)
6.2.2 Global Residential Energy Storage Systems Production Value by Application (2025-2030)
6.2.3 Global Residential Energy Storage Systems Production Value Market Share by Application (2019-2030)
6.3 Global Residential Energy Storage Systems Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Tesla
7.1.1 Tesla Residential Energy Storage Systems Corporation Information
7.1.2 Tesla Residential Energy Storage Systems Product Portfolio
7.1.3 Tesla Residential Energy Storage Systems Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Tesla Main Business and Markets Served
7.1.5 Tesla Recent Developments/Updates
7.2 Orison Corporation
7.2.1 Orison Corporation Residential Energy Storage Systems Corporation Information
7.2.2 Orison Corporation Residential Energy Storage Systems Product Portfolio
7.2.3 Orison Corporation Residential Energy Storage Systems Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Orison Corporation Main Business and Markets Served
7.2.5 Orison Corporation Recent Developments/Updates
7.3 Panasonic
7.3.1 Panasonic Residential Energy Storage Systems Corporation Information
7.3.2 Panasonic Residential Energy Storage Systems Product Portfolio
7.3.3 Panasonic Residential Energy Storage Systems Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Panasonic Main Business and Markets Served
7.3.5 Panasonic Recent Developments/Updates
7.4 Mercedes-Benz
7.4.1 Mercedes-Benz Residential Energy Storage Systems Corporation Information
7.4.2 Mercedes-Benz Residential Energy Storage Systems Product Portfolio
7.4.3 Mercedes-Benz Residential Energy Storage Systems Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Mercedes-Benz Main Business and Markets Served
7.4.5 Mercedes-Benz Recent Developments/Updates
7.5 Nissan
7.5.1 Nissan Residential Energy Storage Systems Corporation Information
7.5.2 Nissan Residential Energy Storage Systems Product Portfolio
7.5.3 Nissan Residential Energy Storage Systems Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Nissan Main Business and Markets Served
7.5.5 Nissan Recent Developments/Updates
7.6 Sonnen Corporation
7.6.1 Sonnen Corporation Residential Energy Storage Systems Corporation Information
7.6.2 Sonnen Corporation Residential Energy Storage Systems Product Portfolio
7.6.3 Sonnen Corporation Residential Energy Storage Systems Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Sonnen Corporation Main Business and Markets Served
7.6.5 Sonnen Corporation Recent Developments/Updates
7.7 Sunverge Energy
7.7.1 Sunverge Energy Residential Energy Storage Systems Corporation Information
7.7.2 Sunverge Energy Residential Energy Storage Systems Product Portfolio
7.7.3 Sunverge Energy Residential Energy Storage Systems Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Sunverge Energy Main Business and Markets Served
7.7.5 Sunverge Energy Recent Developments/Updates
7.8 Ceres Power Holdings
7.8.1 Ceres Power Holdings Residential Energy Storage Systems Corporation Information
7.8.2 Ceres Power Holdings Residential Energy Storage Systems Product Portfolio
7.8.3 Ceres Power Holdings Residential Energy Storage Systems Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Ceres Power Holdings Main Business and Markets Served
7.7.5 Ceres Power Holdings Recent Developments/Updates
7.9 Solomon Technologies
7.9.1 Solomon Technologies Residential Energy Storage Systems Corporation Information
7.9.2 Solomon Technologies Residential Energy Storage Systems Product Portfolio
7.9.3 Solomon Technologies Residential Energy Storage Systems Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Solomon Technologies Main Business and Markets Served
7.9.5 Solomon Technologies Recent Developments/Updates
7.10 Yanmar
7.10.1 Yanmar Residential Energy Storage Systems Corporation Information
7.10.2 Yanmar Residential Energy Storage Systems Product Portfolio
7.10.3 Yanmar Residential Energy Storage Systems Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Yanmar Main Business and Markets Served
7.10.5 Yanmar Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Residential Energy Storage Systems Industry Chain Analysis
8.2 Residential Energy Storage Systems Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Residential Energy Storage Systems Production Mode & Process
8.4 Residential Energy Storage Systems Sales and Marketing
8.4.1 Residential Energy Storage Systems Sales Channels
8.4.2 Residential Energy Storage Systems Distributors
8.5 Residential Energy Storage Systems Customers
9 Residential Energy Storage Systems Market Dynamics
9.1 Residential Energy Storage Systems Industry Trends
9.2 Residential Energy Storage Systems Market Drivers
9.3 Residential Energy Storage Systems Market Challenges
9.4 Residential Energy Storage Systems Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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