Residential Solar Energy Storage Market 2024-2028
The residential solar energy storage market is forecasted to grow by USD 113554.2 mn during 2023-2028, accelerating at a CAGR of 52.6% during the forecast period. The report on the 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 market scenario, the latest trends and drivers, and the overall market environment. The market is driven by reduction in pv and energy storage system costs, increasing self-consumption and availability of incentives, and rising energy costs.
Technavio's residential solar energy storage market is segmented as below:
- By Technology
- Li-ion batteries
- Lead acid batteries
- By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
The report on the residential solar energy storage market covers the following areas:
- Residential Solar Energy Storage Market sizing
- Residential Solar Energy Storage Market forecast
- Residential Solar Energy Storage Market industry analysis
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 primary and secondary research. 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 accurate market growth.
- Executive Summary
- Market overview
- Table Executive Summary - Data Table on Market Overview
- Table Executive Summary - Data Table on Incremental Growth
- Market overview
- Market Landscape
- Market ecosystem
- Table Data Table on - Parent Market
- Market characteristics
- Value chain analysis
- Market ecosystem
- Market Sizing
- Market definition
- Market segment analysis
- Market size 2023
- Market outlook: Forecast for 2023-2028
- Table Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
- Historic Market Size
- Global Residential Solar Energy Storage Market 2018 - 2022
- Table Historic Market Size - Data Table on Global Residential Solar Energy Storage Market 2018 - 2022 ($ million)
- Technology segment analysis 2018 - 2022
- Geography segment analysis 2018 - 2022
- Country segment analysis 2018 - 2022
- Global Residential Solar Energy Storage Market 2018 - 2022
- Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
- Market Segmentation by Technology
- Market segments
- Table Data Table on Technology - Market share 2023-2028 (%)
- Comparison by Technology
- Table Data Table on Comparison by Technology
- Li-ion batteries - Market size and forecast 2023-2028
- Table Data Table on Li-ion batteries - Market size and forecast 2023-2028 ($ million)
- Table Data Table on Li-ion batteries - Year-over-year growth 2023-2028 (%)
- Lead acid batteries - Market size and forecast 2023-2028
- Table Data Table on Lead acid batteries - Market size and forecast 2023-2028 ($ million)
- Table Data Table on Lead acid batteries - Year-over-year growth 2023-2028 (%)
- Market opportunity by Technology
- Table Data Table on Market opportunity by Technology ($ million)
- Market segments
- Customer Landscape
- Customer landscape overview
- Geographic Landscape
- Geographic segmentation
- Table Data Table on Market share by geography 2023-2028 (%)
- Geographic comparison
- Table Data Table on Geographic comparison
- APAC - Market size and forecast 2023-2028
- Table Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
- North America - Market size and forecast 2023-2028
- Table Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Table Data Table on North America - Year-over-year growth 2023-2028 (%)
- Europe - Market size and forecast 2023-2028
- Table Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
- South America - Market size and forecast 2023-2028
- Table Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Table Data Table on South America - Year-over-year growth 2023-2028 (%)
- Middle East and Africa - Market size and forecast 2023-2028
- Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- China - Market size and forecast 2023-2028
- Table Data Table on China - Market size and forecast 2023-2028 ($ million)
- Table Data Table on China - Year-over-year growth 2023-2028 (%)
- US - Market size and forecast 2023-2028
- Table Data Table on US - Market size and forecast 2023-2028 ($ million)
- Table Data Table on US - Year-over-year growth 2023-2028 (%)
- Japan - Market size and forecast 2023-2028
- Table Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Table Data Table on Japan - Year-over-year growth 2023-2028 (%)
- Canada - Market size and forecast 2023-2028
- Table Data Table on Canada - Market size and forecast 2023-2028 ($ million)
- Table Data Table on Canada - Year-over-year growth 2023-2028 (%)
- Germany - Market size and forecast 2023-2028
- Table Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
- Market opportunity by geography
- Table Data Tables on Market opportunity by geography ($ million)
- Geographic segmentation
- Drivers, Challenges, and Opportunity/Restraints
- Market drivers
- Reduction in PV and energy storage system costs
- Increasing self-consumption and availability of incentives
- Rising energy costs
- Market challenges
- Availability of alternative technologies
- Technical challenges associated with battery technology
- Low efficiency of solar PV
- Impact of drivers and challenges
- Market opportunities/restraints
- Residential energy storage as virtual power plants
- Market attracting new vendors
- Increased green construction spending and zero-energy homes
- Market drivers
- Competitive Landscape
- Overview
- Competitive Landscape
- Landscape disruption
- Industry risks
- Competitive Analysis
- Companies profiled
- Market positioning of companies
- East Penn Manufacturing Co. Inc.
- Enphase Energy Inc.
- Invinity Energy Systems plc
- LG Electronics Inc.
- Panasonic Holdings Corp.
- Samsung SDI Co. Ltd.
- Shell plc
- SOLARWATT GmbH
- Sony Group Corp.
- TotalEnergies SE
- Appendix
- Scope of the report
- Market definition
- Objectives
- Notes and caveats
- Inclusions and exclusions checklist
- Currency conversion rates for US$
- Research methodology
- Data procurement
- Data validation
- Validation techniques employed for market sizing
- Data synthesis
- 360 degree market analysis
- List of abbreviations
- Scope of the report
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