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The residential solar energy storage market is forecasted to grow by USD 113.55 billion 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.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 reduction in pv and energy storage system costs, increasing self-consumption and availability of incentives, and rising energy costs.
The 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 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 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.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global residential solar energy storage market: ABB, ACME Cleantech Solutions Pvt. Ltd., Adara Power, E.ON UK Plc, E3 DC, East Penn Manufacturing Co. Inc., Enphase Energy Inc., Invinity Energy Systems plc, LG Electronics Inc., Mercedes Benz Group AG, Panasonic Holdings Corp., Samsung SDI Co. Ltd., Shell plc, SOLARWATT GmbH, Sony Group Corp., Tesla Inc., The BYD Motors Inc., TotalEnergies SE, Trojan Battery Co. LLC, and Wanxiang New Energy LLC.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is residential energy storage as virtual power plants."
According to the report, one of the major drivers for this market is the reduction in pv and energy storage system costs.
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
- ACME Cleantech Solutions Pvt. Ltd.
- Adara Power
- E.ON UK Plc
- E3 DC
- East Penn Manufacturing Co. Inc.
- Enphase Energy Inc.
- Invinity Energy Systems plc
- LG Electronics Inc.
- Mercedes Benz Group AG
- Panasonic Holdings Corp.
- Samsung SDI Co. Ltd.
- Shell plc
- SOLARWATT GmbH
- Sony Group Corp.
- Tesla Inc.
- The BYD Motors Inc.
- TotalEnergies SE
- Trojan Battery Co. LLC
- Wanxiang New Energy LLC
