Global Residential Battery Energy Storage System Market 2024-2028

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,500	174 Pages	TechNavio	April, 2024	INF18746352

Best Price Guarantee
Price	from $2,500
Length	174 Pages
Publisher	TechNavio
Published Date	April, 2024
SKU	INF18746352

Global Residential Battery Energy Storage System Market 2024-2028

The residential battery energy storage system market is forecasted to grow by USD 6,235.65 mn during 2023-2028, accelerating at a CAGR of 23.02% during the forecast period. The report on the residential battery energy storage system 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 market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for energy independence, declining cost of battery technologies, and supportive government policies and incentives related to residential battery energy storage systems.

Technavio's residential battery energy storage system market is segmented as below:

By Type

Lithium-ion
Lead acid

By Power Rating

6-10 kW
3-6 kW
10-20 kW

By Geographical Landscape

Europe
APAC
North America
Middle East and Africa
South America

This study identifies the technological advancements in residential battery energy storage systems as one of the prime reasons driving the residential battery energy storage system market growth during the next few years. Also, rising focus on energy resilience and security and increasing penetration of renewable energy sources will lead to sizable demand in the market.

The report on the residential battery energy storage system market covers the following areas:

Residential battery energy storage system market sizing
Residential battery energy storage system market forecast
Residential battery energy storage system market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading residential battery energy storage system market vendors that include ABB Ltd., Alpha ESS Co., Ltd., Blue Planet Energy, Briggs and Stratton LLC, BYD Co. Ltd., C and D Technologies Inc., East Penn Manufacturing Co. Inc., Eaton Corp. Plc, Enphase Energy Inc., Fortress Power, Generac Holdings Inc., Growatt New Energy Technology Co., Ltd., LG Corp., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Schneider Electric SE, Shell plc, SMA Solar Technology AG, SolarEdge Technologies Inc., SolaX Power Network Technology Zhejiang Co. Ltd., Sunrun Inc., Tesla Inc., and Victron Energy BV. Also, the residential battery energy storage system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

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.

The publisher 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. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Executive Summary
- Market overview
  - Table Executive Summary – Chart on Market Overview
  - Table Executive Summary – Data Table on Market Overview
  - Table Executive Summary – Chart on Global Market Characteristics
  - Table Executive Summary – Chart on Market by Geography
  - Table Executive Summary – Chart on Market Segmentation by Type
  - Table Executive Summary – Chart on Market Segmentation by Power Rating
  - Table Executive Summary – Chart on Incremental Growth
  - Table Executive Summary – Data Table on Incremental Growth
  - Table Executive Summary – Chart on Vendor Market Positioning
Market Landscape
- Market ecosystem
  - Table Parent market
  - Table Market Characteristics
Market Sizing
- Market definition
  - Table Offerings of vendors included in the market definition
- Market segment analysis
  - Table Market segments
- Market size 2023
- Market outlook: Forecast for 2023-2028
  - Table Chart on Global - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Global - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Global Market: Year-over-year growth 2023-2028 (%)
  - Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Historic Market Size
- Global residential battery energy storage system market 2018 - 2022
  - Table Historic Market Size – Data Table on global residential battery energy storage system market 2018 - 2022 ($ million)
- Type Segment Analysis 2018 - 2022
  - Table Historic Market Size – Type Segment 2018 - 2022 ($ million)
- Power rating Segment Analysis 2018 - 2022
  - Table Historic Market Size – Power rating Segment 2018 - 2022 ($ million)
- Geography Segment Analysis 2018 - 2022
  - Table Historic Market Size – Geography Segment 2018 - 2022 ($ million)
- Country Segment Analysis 2018 - 2022
  - Table Historic Market Size – Country Segment 2018 - 2022 ($ million)
Five Forces Analysis
- Five forces summary
  - Table Five forces analysis - Comparison between 2023 and 2028
- Bargaining power of buyers
  - Table Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
- Bargaining power of suppliers
  - Table Bargaining power of suppliers – Impact of key factors in 2023 and 2028
- Threat of new entrants
  - Table Threat of new entrants – Impact of key factors in 2023 and 2028
- Threat of substitutes
  - Table Threat of substitutes – Impact of key factors in 2023 and 2028
- Threat of rivalry
  - Table Threat of rivalry – Impact of key factors in 2023 and 2028
- Market condition
  - Table Chart on Market condition - Five forces 2023 and 2028
Market Segmentation by Type
- Market segments
  - Table Chart on Type - Market share 2023-2028 (%)
  - Table Data Table on Type - Market share 2023-2028 (%)
- Comparison by Type
  - Table Chart on Comparison by Type
  - Table Data Table on Comparison by Type
- Lithium-ion - Market size and forecast 2023-2028
  - Table Chart on Lithium-ion - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Lithium-ion - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Lithium-ion - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Lithium-ion - Year-over-year growth 2023-2028 (%)
- Lead acid - Market size and forecast 2023-2028
  - Table Chart on Lead acid - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Lead acid - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Lead acid - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Lead acid - Year-over-year growth 2023-2028 (%)
- Market opportunity by Type
  - Table Market opportunity by Type ($ million)
  - Table Data Table on Market opportunity by Type ($ million)
Market Segmentation by Power Rating
- Market segments
  - Table Chart on Power Rating - Market share 2023-2028 (%)
  - Table Data Table on Power Rating - Market share 2023-2028 (%)
- Comparison by Power Rating
  - Table Chart on Comparison by Power Rating
  - Table Data Table on Comparison by Power Rating
- 6-10 kW - Market size and forecast 2023-2028
  - Table Chart on 6-10 kW - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on 6-10 kW - Market size and forecast 2023-2028 ($ million)
  - Table Chart on 6-10 kW - Year-over-year growth 2023-2028 (%)
  - Table Data Table on 6-10 kW - Year-over-year growth 2023-2028 (%)
- 3-6 kW - Market size and forecast 2023-2028
  - Table Chart on 3-6 kW - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on 3-6 kW - Market size and forecast 2023-2028 ($ million)
  - Table Chart on 3-6 kW - Year-over-year growth 2023-2028 (%)
  - Table Data Table on 3-6 kW - Year-over-year growth 2023-2028 (%)
- 0-20 kW - Market size and forecast 2023-2028
  - Table Chart on 10-20 kW - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on 10-20 kW - Market size and forecast 2023-2028 ($ million)
  - Table Chart on 10-20 kW - Year-over-year growth 2023-2028 (%)
  - Table Data Table on 10-20 kW - Year-over-year growth 2023-2028 (%)
- Market opportunity by Power Rating
  - Table Market opportunity by Power Rating ($ million)
  - Table Data Table on Market opportunity by Power Rating ($ million)
Customer Landscape
- Customer landscape overview
  - Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Geographic Landscape
- Geographic segmentation
  - Table Chart on Market share by geography 2023-2028 (%)
  - Table Data Table on Market share by geography 2023-2028 (%)
- Geographic comparison
  - Table Chart on Geographic comparison
  - Table Data Table on Geographic comparison
- Europe - Market size and forecast 2023-2028
  - Table Chart on Europe - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Europe - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Europe - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
- APAC - Market size and forecast 2023-2028
  - Table Chart on APAC - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on APAC - Market size and forecast 2023-2028 ($ million)
  - Table Chart on APAC - Year-over-year growth 2023-2028 (%)
  - Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
- North America - Market size and forecast 2023-2028
  - Table Chart on North America - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on North America - Market size and forecast 2023-2028 ($ million)
  - Table Chart on North America - Year-over-year growth 2023-2028 (%)
  - Table Data Table on North America - Year-over-year growth 2023-2028 (%)
- Middle East and Africa - Market size and forecast 2023- 2028
  - Table Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- South America - Market size and forecast 2023-2028
  - Table Chart on South America - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on South America - Market size and forecast 2023-2028 ($ million)
  - Table Chart on South America - Year-over-year growth 2023-2028 (%)
  - Table Data Table on South America - Year-over-year growth 2023-2028 (%)
- US - Market size and forecast 2023-2028
  - Table Chart on US - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on US - Market size and forecast 2023-2028 ($ million)
  - Table Chart on US - Year-over-year growth 2023-2028 (%)
  - Table Data Table on US - Year-over-year growth 2023-2028 (%)
- China - Market size and forecast 2023-2028
  - Table Chart on China - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on China - Market size and forecast 2023-2028 ($ million)
  - Table Chart on China - Year-over-year growth 2023-2028 (%)
  - Table Data Table on China - Year-over-year growth 2023-2028 (%)
- Germany - Market size and forecast 2023-2028
  - Table Chart on Germany - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Germany - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Germany - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
- UK - Market size and forecast 2023-2028
  - Table Chart on UK - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on UK - Market size and forecast 2023-2028 ($ million)
  - Table Chart on UK - Year-over-year growth 2023-2028 (%)
  - Table Data Table on UK - Year-over-year growth 2023-2028 (%)
- France - Market size and forecast 2023-2028
  - Table Chart on France - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on France - Market size and forecast 2023-2028 ($ million)
  - Table Chart on France - Year-over-year growth 2023-2028 (%)
  - Table Data Table on France - Year-over-year growth 2023-2028 (%)
- Market opportunity by geography
  - Table Market opportunity by geography ($ million)
  - Table Data Tables on Market opportunity by geography ($ million)
Drivers, Challenges, and Trends
- Market drivers
  - Rising demand for energy independence
  - Declining cost of battery technologies
  - Supportive government policies and incentives related to residential battery energy storage systems
- Market challenges
  - High initial cost of residential battery energy storage systems
  - Regulatory and policy uncertainties related to residential battery energy storage systems
  - Grid challenges associated with residential battery energy storage systems
- Impact of drivers and challenges
  - Table Impact of drivers and challenges in 2023 and 2028
- Market trends
  - Technological advancements in residential battery energy storage systems
  - Rising focus on energy resilience and security
  - Increasing penetration of renewable energy sources
Vendor Landscape
- Overview
- Vendor landscape
  - Table Overview on Criticality of inputs and Factors of differentiation
- Landscape disruption
  - Table Overview on factors of disruption
- Industry risks
  - Table Impact of key risks on business
Vendor Analysis
- Vendors covered
  - Table Vendors covered
- Market positioning of vendors
  - Table Matrix on vendor position and classification
- Alpha ESS Co., Ltd.
  - Table Alpha ESS Co., Ltd. - Overview
  - Table Alpha ESS Co., Ltd. - Product / Service
  - Table Alpha ESS Co., Ltd. - Key offerings
- Briggs and Stratton LLC
  - Table Briggs and Stratton LLC - Overview
  - Table Briggs and Stratton LLC - Product / Service
  - Table Briggs and Stratton LLC - Key offerings
- BYD Co. Ltd.
  - Table BYD Co. Ltd. - Overview
  - Table BYD Co. Ltd. - Business segments
  - Table BYD Co. Ltd. - Key news
  - Table BYD Co. Ltd. - Key offerings
  - Table BYD Co. Ltd. - Segment focus
- Eaton Corp. Plc
  - Table Eaton Corp. Plc - Overview
  - Table Eaton Corp. Plc - Business segments
  - Table Eaton Corp. Plc - Key offerings
  - Table Eaton Corp. Plc - Segment focus
- Enphase Energy Inc.
  - Table Enphase Energy Inc. - Overview
  - Table Enphase Energy Inc. - Product / Service
  - Table Enphase Energy Inc. - Key offerings
- Generac Holdings Inc.
  - Table Generac Holdings Inc. - Overview
  - Table Generac Holdings Inc. - Business segments
  - Table Generac Holdings Inc. - Key offerings
  - Table Generac Holdings Inc. - Segment focus
- Growatt New Energy Technology Co., Ltd.
  - Table Growatt New Energy Technology Co., Ltd. - Overview
  - Table Growatt New Energy Technology Co., Ltd. - Product / Service
  - Table Growatt New Energy Technology Co., Ltd. - Key offerings
- LG Corp.
  - Table LG Corp. - Overview
  - Table LG Corp. - Business segments
  - Table LG Corp. - Key offerings
  - Table LG Corp. - Segment focus
- Panasonic Holdings Corp.
  - Table Panasonic Holdings Corp. - Overview
  - Table Panasonic Holdings Corp. - Product / Service
  - Table Panasonic Holdings Corp. - Key news
  - Table Panasonic Holdings Corp. - Key offerings
- Samsung Electronics Co. Ltd.
  - Table Samsung Electronics Co. Ltd. - Overview
  - Table Samsung Electronics Co. Ltd. - Business segments
  - Table Samsung Electronics Co. Ltd. - Key news
  - Table Samsung Electronics Co. Ltd. - Key offerings
  - Table Samsung Electronics Co. Ltd. - Segment focus
- Shell plc
  - Table Shell plc - Overview
  - Table Shell plc - Business segments
  - Table Shell plc - Key news
  - Table Shell plc - Key offerings
  - Table Shell plc - Segment focus
- SMA Solar Technology AG
  - Table SMA Solar Technology AG - Overview
  - Table SMA Solar Technology AG - Business segments
  - Table SMA Solar Technology AG - Key offerings
  - Table SMA Solar Technology AG - Segment focus
- SolaX Power Network Technology Zhejiang Co. Ltd.
  - Table SolaX Power Network Technology Zhejiang Co. Ltd. - Overview
  - Table SolaX Power Network Technology Zhejiang Co. Ltd. - Product / Service
  - Table SolaX Power Network Technology Zhejiang Co. Ltd. - Key offerings
- Sunrun Inc.
  - Table Sunrun Inc. - Overview
  - Table Sunrun Inc. - Product / Service
  - Table Sunrun Inc. - Key news
  - Table Sunrun Inc. - Key offerings
- Tesla Inc.
  - Table Tesla Inc. - Overview
  - Table Tesla Inc. - Business segments
  - Table Tesla Inc. - Key news
  - Table Tesla Inc. - Key offerings
  - Table Tesla Inc. - Segment focus
Appendix
- Scope of the report
  - Market definition
  - Objectives
  - Notes and caveats
- Inclusions and exclusions checklist
  - Table Inclusions checklist
  - Table Exclusions checklist
- 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