Residential Energy Storage Systems (ESS) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Residential Energy Storage Systems market is expected to reach USD 4.38 billion by the end of the year and is projected to register a CAGR of over 24.4% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Presently the market has now reached pre-pandemic levels.
Key HighlightsThe residential energy storage systems market is fragmented. Some of the major players in this market (in no particular order) include LG Energy Solution Ltd, Samsung SDI Co. Ltd, Panasonic Corporation, Sonnen GmbH, and Saft Groupe SA.
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