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The residential battery energy storage system market is forecasted to grow by USD 6,235.65 million 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.Speak directly to the analyst to clarify any post sales queries you may have.
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.
The 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
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 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 report 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.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Power Rating
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global residential battery energy storage system market: 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.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is technological advancements in residential battery energy storage systems."
According to the report, one of the major drivers for this market is the rising demand for energy independence.
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 a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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.
- Victron Energy BV
