The 2023-2028 World Outlook for Residential Lithium-Ion Battery Energy Storages

The 2023-2028 World Outlook for Residential Lithium-Ion Battery Energy Storages

This study covers the world outlook for residential lithium-ion battery energy storages across more than 190 countries. For each year reported, estimates are given for the latent demand, or potential industry earnings (P.I.E.), for the country in question (in millions of U.S. dollars), the percent share the country is of the region, and of the globe. These comparative benchmarks allow the reader to quickly gauge a country vis-à-vis others. Using econometric models which project fundamental economic dynamics within each country and across countries, latent demand estimates are created. This report does not discuss the specific players in the market serving the latent demand, nor specific details at the product level. The study also does not consider short-term cyclicalities that might affect realized sales. The study, therefore, is strategic in nature, taking an aggregate and long-run view, irrespective of the players or products involved.

This study covers residential lithium-ion battery energy storages as defined by the North American Industrial Classification system or NAICS (pronounced "nakes").

The NAICS code for residential lithium-ion battery energy storages is 3345160. It is for this definition that aggregate latent demand estimates are derived. Residential lithium-ion battery energy storages is specifically defined as follows:

3345160 ANALYTICAL AND SCIENTIFIC INSTRUMENTS, EXCEPT OPTICAL

33451600 Analytical and scientific instruments, except optical

33451601 Analytical and scientific instruments, except optical

3345160000 Analytical and scientific instruments, except optical

3345160001 Electrochemical Ph electrodes and meters

3345160003 Electrochemical ion selective electrodes and meters

3345160007 Electrochemical, electrophoresis instruments

3345160009 Other electrochemical instruments (except process type), including photometers

3345160011 Gas chromatographic instruments

3345160013 Liquid chromatographic instruments