Global Residential Energy Storage Deployment Systems Market Growth 2024-2030

Global Residential Energy Storage Deployment Systems Market Growth 2024-2030

Residential energy storage deployment systems are designed not only to provide emergency backup power during devastating storms, grid outages and outages, but also to provide supplemental off-grid power. Residential energy storage deployment systems can provide electricity fast and flexible enough to eliminate peak power demand, while also effectively reducing carbon emissions and energy bills.

The global Residential Energy Storage Deployment Systems market size is projected to grow from US$ 877.4 million in 2023 to US$ 3612.8 million in 2030; it is expected to grow at a CAGR of 22.4% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Residential Energy Storage Deployment Systems Industry Forecast” looks at past sales and reviews total world Residential Energy Storage Deployment Systems sales in 2023, providing a comprehensive analysis by region and market sector of projected Residential Energy Storage Deployment Systems sales for 2024 through 2030. With Residential Energy Storage Deployment Systems sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Residential Energy Storage Deployment Systems industry.

This Insight Report provides a comprehensive analysis of the global Residential Energy Storage Deployment Systems landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Residential Energy Storage Deployment Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Residential Energy Storage Deployment Systems market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Residential Energy Storage Deployment Systems and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Residential Energy Storage Deployment Systems.

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 108%.

This report presents a comprehensive overview, market shares, and growth opportunities of Residential Energy Storage Deployment Systems market by product type, application, key manufacturers and key regions and countries.

Segmentation by type


Li-Ion

Lead-Acid
Segmentation by application


Collective House

Detached House
This report also splits the market by region:


Americas
United States
Canada
Mexico
Brazil

APAC
China
Japan
Korea
Southeast Asia
India
Australia

Europe
Germany
France
UK
Italy
Russia

Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.


Tesla

LG Chem

Samsung SDI

Enphase

Generac

Eguana

Panasonic

Sonnen

BYD

Sunrun

Saft

Electriq Power

E-On Batteries

HOPPECKE Batterien

Exide Technologies

Fronius International

East Penn Manufacturing
Key Questions Addressed in this Report

What is the 10-year outlook for the global Residential Energy Storage Deployment Systems market?

What factors are driving Residential Energy Storage Deployment Systems market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Residential Energy Storage Deployment Systems market opportunities vary by end market size?

How does Residential Energy Storage Deployment Systems break out type, application?


Please note: The report will take approximately 2 business days to prepare and deliver.