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Residential Energy Storage Systems-Global Market Insights and Sales Trends 2024

Residential Energy Storage Systems-Global Market Insights and Sales Trends 2024

Publishing Date : Dec, 2023

License Type :
 

Report Code : 1840187

No of Pages : 102

Synopsis
The global Residential Energy Storage Systems market size is expected to reach US$ 4797.3 million by 2029, growing at a CAGR of 5.3% from 2023 to 2029. The market is mainly driven by the significant applications of Residential Energy Storage Systems in various end use industries. The expanding demands from the Residential Apartments, Private Villas and Other, are propelling Residential Energy Storage Systems market. Lead Acid Batteries, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Lithium Ion Batteries segment is estimated at % CAGR for the next seven-year period.
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%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Residential Energy Storage Systems, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Residential Energy Storage Systems market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Residential Energy Storage Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Residential Energy Storage Systems sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Residential Energy Storage Systems covered in this report include Tesla, Orison Corporation, Panasonic, Mercedes-Benz, Nissan, Sonnen Corporation, Sunverge Energy, Ceres Power Holdings and Solomon Technologies, etc.
The global Residential Energy Storage Systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Tesla
Orison Corporation
Panasonic
Mercedes-Benz
Nissan
Sonnen Corporation
Sunverge Energy
Ceres Power Holdings
Solomon Technologies
Yanmar
Global Residential Energy Storage Systems market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Residential Energy Storage Systems market, Segment by Type:
Lead Acid Batteries
Lithium Ion Batteries
Other
Global Residential Energy Storage Systems market, by Application
Residential Apartments
Private Villas
Other
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Residential Energy Storage Systems manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Residential Energy Storage Systems in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index
1 Residential Energy Storage Systems Market Overview
1.1 Residential Energy Storage Systems Product Overview
1.2 Residential Energy Storage Systems Market Segment by Type
1.2.1 Lead Acid Batteries
1.2.2 Lithium Ion Batteries
1.2.3 Other
1.3 Global Residential Energy Storage Systems Market Size by Type
1.3.1 Global Residential Energy Storage Systems Market Size Overview by Type (2018-2029)
1.3.2 Global Residential Energy Storage Systems Historic Market Size Review by Type (2018-2023)
1.3.3 Global Residential Energy Storage Systems Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Residential Energy Storage Systems Sales Breakdown by Type (2018-2023)
1.4.2 Europe Residential Energy Storage Systems Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Residential Energy Storage Systems Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Residential Energy Storage Systems Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Residential Energy Storage Systems Sales Breakdown by Type (2018-2023)
2 Global Residential Energy Storage Systems Market Competition by Company
2.1 Global Top Players by Residential Energy Storage Systems Sales (2018-2023)
2.2 Global Top Players by Residential Energy Storage Systems Revenue (2018-2023)
2.3 Global Top Players by Residential Energy Storage Systems Price (2018-2023)
2.4 Global Top Manufacturers Residential Energy Storage Systems Manufacturing Base Distribution, Sales Area, Product Type
2.5 Residential Energy Storage Systems Market Competitive Situation and Trends
2.5.1 Residential Energy Storage Systems Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Residential Energy Storage Systems Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Residential Energy Storage Systems as of 2022)
2.7 Date of Key Manufacturers Enter into Residential Energy Storage Systems Market
2.8 Key Manufacturers Residential Energy Storage Systems Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Residential Energy Storage Systems Status and Outlook by Region
3.1 Global Residential Energy Storage Systems Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Residential Energy Storage Systems Historic Market Size by Region
3.2.1 Global Residential Energy Storage Systems Sales in Volume by Region (2018-2023)
3.2.2 Global Residential Energy Storage Systems Sales in Value by Region (2018-2023)
3.2.3 Global Residential Energy Storage Systems Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Residential Energy Storage Systems Forecasted Market Size by Region
3.3.1 Global Residential Energy Storage Systems Sales in Volume by Region (2024-2029)
3.3.2 Global Residential Energy Storage Systems Sales in Value by Region (2024-2029)
3.3.3 Global Residential Energy Storage Systems Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Residential Energy Storage Systems by Application
4.1 Residential Energy Storage Systems Market Segment by Application
4.1.1 Residential Apartments
4.1.2 Private Villas
4.1.3 Other
4.2 Global Residential Energy Storage Systems Market Size by Application
4.2.1 Global Residential Energy Storage Systems Market Size Overview by Application (2018-2029)
4.2.2 Global Residential Energy Storage Systems Historic Market Size Review by Application (2018-2023)
4.2.3 Global Residential Energy Storage Systems Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Residential Energy Storage Systems Sales Breakdown by Application (2018-2023)
4.3.2 Europe Residential Energy Storage Systems Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Residential Energy Storage Systems Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Residential Energy Storage Systems Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Residential Energy Storage Systems Sales Breakdown by Application (2018-2023)
5 North America Residential Energy Storage Systems by Country
5.1 North America Residential Energy Storage Systems Historic Market Size by Country
5.1.1 North America Residential Energy Storage Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Residential Energy Storage Systems Sales in Volume by Country (2018-2023)
5.1.3 North America Residential Energy Storage Systems Sales in Value by Country (2018-2023)
5.2 North America Residential Energy Storage Systems Forecasted Market Size by Country
5.2.1 North America Residential Energy Storage Systems Sales in Volume by Country (2024-2029)
5.2.2 North America Residential Energy Storage Systems Sales in Value by Country (2024-2029)
6 Europe Residential Energy Storage Systems by Country
6.1 Europe Residential Energy Storage Systems Historic Market Size by Country
6.1.1 Europe Residential Energy Storage Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Residential Energy Storage Systems Sales in Volume by Country (2018-2023)
6.1.3 Europe Residential Energy Storage Systems Sales in Value by Country (2018-2023)
6.2 Europe Residential Energy Storage Systems Forecasted Market Size by Country
6.2.1 Europe Residential Energy Storage Systems Sales in Volume by Country (2024-2029)
6.2.2 Europe Residential Energy Storage Systems Sales in Value by Country (2024-2029)
7 Asia-Pacific Residential Energy Storage Systems by Region
7.1 Asia-Pacific Residential Energy Storage Systems Historic Market Size by Region
7.1.1 Asia-Pacific Residential Energy Storage Systems Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Residential Energy Storage Systems Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Residential Energy Storage Systems Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Residential Energy Storage Systems Forecasted Market Size by Region
7.2.1 Asia-Pacific Residential Energy Storage Systems Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Residential Energy Storage Systems Sales in Value by Region (2024-2029)
8 Latin America Residential Energy Storage Systems by Country
8.1 Latin America Residential Energy Storage Systems Historic Market Size by Country
8.1.1 Latin America Residential Energy Storage Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Residential Energy Storage Systems Sales in Volume by Country (2018-2023)
8.1.3 Latin America Residential Energy Storage Systems Sales in Value by Country (2018-2023)
8.2 Latin America Residential Energy Storage Systems Forecasted Market Size by Country
8.2.1 Latin America Residential Energy Storage Systems Sales in Volume by Country (2024-2029)
8.2.2 Latin America Residential Energy Storage Systems Sales in Value by Country (2024-2029)
9 Middle East and Africa Residential Energy Storage Systems by Country
9.1 Middle East and Africa Residential Energy Storage Systems Historic Market Size by Country
9.1.1 Middle East and Africa Residential Energy Storage Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Residential Energy Storage Systems Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Residential Energy Storage Systems Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Residential Energy Storage Systems Forecasted Market Size by Country
9.2.1 Middle East and Africa Residential Energy Storage Systems Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Residential Energy Storage Systems Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Tesla
10.1.1 Tesla Company Information
10.1.2 Tesla Introduction and Business Overview
10.1.3 Tesla Residential Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Tesla Residential Energy Storage Systems Products Offered
10.1.5 Tesla Recent Development
10.2 Orison Corporation
10.2.1 Orison Corporation Company Information
10.2.2 Orison Corporation Introduction and Business Overview
10.2.3 Orison Corporation Residential Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Orison Corporation Residential Energy Storage Systems Products Offered
10.2.5 Orison Corporation Recent Development
10.3 Panasonic
10.3.1 Panasonic Company Information
10.3.2 Panasonic Introduction and Business Overview
10.3.3 Panasonic Residential Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Panasonic Residential Energy Storage Systems Products Offered
10.3.5 Panasonic Recent Development
10.4 Mercedes-Benz
10.4.1 Mercedes-Benz Company Information
10.4.2 Mercedes-Benz Introduction and Business Overview
10.4.3 Mercedes-Benz Residential Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Mercedes-Benz Residential Energy Storage Systems Products Offered
10.4.5 Mercedes-Benz Recent Development
10.5 Nissan
10.5.1 Nissan Company Information
10.5.2 Nissan Introduction and Business Overview
10.5.3 Nissan Residential Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Nissan Residential Energy Storage Systems Products Offered
10.5.5 Nissan Recent Development
10.6 Sonnen Corporation
10.6.1 Sonnen Corporation Company Information
10.6.2 Sonnen Corporation Introduction and Business Overview
10.6.3 Sonnen Corporation Residential Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Sonnen Corporation Residential Energy Storage Systems Products Offered
10.6.5 Sonnen Corporation Recent Development
10.7 Sunverge Energy
10.7.1 Sunverge Energy Company Information
10.7.2 Sunverge Energy Introduction and Business Overview
10.7.3 Sunverge Energy Residential Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Sunverge Energy Residential Energy Storage Systems Products Offered
10.7.5 Sunverge Energy Recent Development
10.8 Ceres Power Holdings
10.8.1 Ceres Power Holdings Company Information
10.8.2 Ceres Power Holdings Introduction and Business Overview
10.8.3 Ceres Power Holdings Residential Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Ceres Power Holdings Residential Energy Storage Systems Products Offered
10.8.5 Ceres Power Holdings Recent Development
10.9 Solomon Technologies
10.9.1 Solomon Technologies Company Information
10.9.2 Solomon Technologies Introduction and Business Overview
10.9.3 Solomon Technologies Residential Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Solomon Technologies Residential Energy Storage Systems Products Offered
10.9.5 Solomon Technologies Recent Development
10.10 Yanmar
10.10.1 Yanmar Company Information
10.10.2 Yanmar Introduction and Business Overview
10.10.3 Yanmar Residential Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Yanmar Residential Energy Storage Systems Products Offered
10.10.5 Yanmar Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Residential Energy Storage Systems Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Residential Energy Storage Systems Industrial Chain Analysis
11.4 Residential Energy Storage Systems Market Dynamics
11.4.1 Residential Energy Storage Systems Industry Trends
11.4.2 Residential Energy Storage Systems Market Drivers
11.4.3 Residential Energy Storage Systems Market Challenges
11.4.4 Residential Energy Storage Systems Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Residential Energy Storage Systems Distributors
12.3 Residential Energy Storage Systems Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer

Published By : QY Research

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