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Residential Energy Storage Global Market Report 2024

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    Report

  • 175 Pages
  • April 2024
  • Region: Global
  • The Business Research Company
  • ID: 5954627
The residential energy storage market size has grown rapidly in recent years. It will grow from $0.76 billion in 2023 to $0.91 billion in 2024 at a compound annual growth rate (CAGR) of 19.2%. The growth observed in the historic period can be attributed to various factors, including infrastructure development, increased adoption of solar rooftop systems in the residential sector, growing investments by both government and private entities in renewable energy production, rising customer demand for energy independence, and a decline in battery prices.

The residential energy storage market size is expected to see rapid growth in the next few years. It will grow to $1.72 billion in 2028 at a compound annual growth rate (CAGR) of 17.1%. The projected growth in the forecast period can be attributed to several factors, including the increasing demand for electric vehicles, growing installation of solar PV modules, rising concern among individuals regarding environmental degradation, booming energy consumption in developing regions, and surging demand for renewable energy. Major trends expected in the forecast period include a rising need for large-scale electrical energy storage technologies, an increase in research and development activities, advancements in technology, and an uptick in the production of lithium-ion technology.

The residential energy storage market is poised for growth due to the increasing demand for renewable energy. Renewable energy sources, including sunlight, wind, rain, tides, and geothermal heat, are sustainable alternatives to finite fossil fuels, driving the desire to minimize climate change by adopting clean power sources. Renewable energy enables residential energy storage by providing a sustainable and intermittent power source, allowing homeowners to store excess energy during peak generation periods for later use. This enhances grid resilience and reduces reliance on traditional energy sources. For example, in the third quarter of 2023, renewable electricity generation reached a record high of 30.1 terawatt-hours, marking a 6.8% increase compared to the same period in 2022, according to the Department for Energy Security and Net Zero in the UK. Hence, the increasing demand for renewable energy is fueling the growth of the residential energy storage market.

Key players in the residential energy storage market are focusing on developing advanced technologies for home storage battery systems to enhance capacity, efficiency, and sustainability for residential users. These systems, such as electrified vehicle battery technology, leverage EV battery technology to provide reliable backup power, optimize energy usage from renewable sources such as solar panels, and reduce electricity costs through peak shaving and load shifting strategies. For instance, Toyota Motor Corporation introduced the O-Uchi Kyuden System in June 2022, embodying principles of safety, extended service life, superior quality, affordability, and exceptional performance. With a rated capacity of 8.7 kWh and a rated output of 5.5 kWh, this system utilizes Toyota's battery control technology to ensure safety and provide reliable power supply during power outages triggered by natural disasters.

In October 2023, Hitachi Energy acquired eks Energy for an undisclosed amount, aiming to deliver advanced and reliable solutions by leveraging eks Energy's successful product range deployment in North America and Europe, along with Powin's global expansion. This strategic move positions Hitachi Energy to address the growing demands of the global battery energy storage systems (BESS) market. eks Energy designs and builds plug-and-play integrated storage systems for residential use and is based in the UK.

Major companies operating in the residential energy storage market are Huawei Technologies Co. Ltd., Tesla Inc., Siemens AG, Hitachi Energy Ltd., Panasonic Corporation, BYD Company Limited, ABB Ltd, Eaton Corporation plc, LG Energy Solution Ltd., Samsung SDI Co. Ltd., Delta Electronics Inc., Enphase Energy Inc., SMA Solar Technology AG, Saft Groupe SA, VARTA AG, Jiangsu GoodWe Power Supply Technology Co. Ltd., Sonnen GmbH, Shanghai PYTES Energy Co. Ltd, Dyness Power Energy Limited, Deutsche Energieversorgung GmbH, Powervault Ltd., TESVOLT GmbH, Turbo Energy Ltd., Alpha ESS Co. Ltd., Sunverge Energy LLC, Eguana Technologies Inc.

Europe was the largest region in the residential energy storage market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the residential energy storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the residential energy storage market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Residential energy storage systems enable homeowners to store electricity generated from renewable sources such as solar panels, wind turbines, or the grid during off-peak hours when electricity rates are lower. These systems typically consist of batteries that store electrical energy as chemical energy, which can later be converted into usable electricity through an inverter.

The primary technological types of residential energy storage include lead-acid and lithium-ion batteries. Lead-acid batteries are commonly used to store excess energy generated from renewable sources, providing a reliable power supply during outages or periods of low renewable energy production for residential uses. These systems are categorized by utility type, ranging from 3KW to < 6KW, 6KW to < 10KW, and 10KW to 29KW, based on connectivity models such as on-grid and off-grid. Ownership types encompass customer-owned, utility-owned, and third-party-owned systems, further classified into operation types such as solar and storage systems or standalone systems.

The residential energy storage research report is one of a series of new reports that provides residential energy storage market statistics, including the residential energy storage industry's global market size, regional shares, competitors with an residential energy storage market share, detailed residential energy storage market segments, market trends and opportunities, and any further data you may need to thrive in the residential energy storage industry. This residential energy storage market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The residential energy storage market consist of revenues earned by entities by providing services such as installation, ongoing maintenance, and energy management. The market value includes the value of related goods sold by the service provider or included within the service offering. The residential energy storage market also includes sales of rechargeable energy storage systems, home battery systems, and solar-plus-storage solutions. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Residential Energy Storage Market Characteristics3. Residential Energy Storage Market Trends and Strategies
4. Residential Energy Storage Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Residential Energy Storage Market Size and Growth
5.1. Global Residential Energy Storage Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Residential Energy Storage Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Residential Energy Storage Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)
6. Residential Energy Storage Market Segmentation
6.1. Global Residential Energy Storage Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Lead-Acid
  • Lithium-Ion
6.2. Global Residential Energy Storage Market, Segmentation by Utility, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • 3KW to < 6KW
  • 6KW to < 10KW
  • 10KW to 29KW
6.3. Global Residential Energy Storage Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • On-Grid
  • Off-Grid
6.4. Global Residential Energy Storage Market, Segmentation by Ownership Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Customer Owned
  • Utility Owned
  • Third-Party Owned
6.5. Global Residential Energy Storage Market, Segmentation by Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Solar and Storage System
  • Standalone Systems
7. Residential Energy Storage Market Regional and Country Analysis
7.1. Global Residential Energy Storage Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Residential Energy Storage Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Residential Energy Storage Market
8.1. Asia-Pacific Residential Energy Storage Market Overview
(Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies)
8.2. Asia-Pacific Residential Energy Storage Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Residential Energy Storage Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Residential Energy Storage Market, Segmentation by Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Residential Energy Storage Market
9.1. China Residential Energy Storage Market Overview
9.2. China Residential Energy Storage Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Residential Energy Storage Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Residential Energy Storage Market, Segmentation by Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Residential Energy Storage Market
10.1. India Residential Energy Storage Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Residential Energy Storage Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Residential Energy Storage Market, Segmentation by Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Residential Energy Storage Market
11.1. Japan Residential Energy Storage Market Overview
11.2. Japan Residential Energy Storage Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Residential Energy Storage Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Residential Energy Storage Market, Segmentation by Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Residential Energy Storage Market
12.1. Australia Residential Energy Storage Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Residential Energy Storage Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Residential Energy Storage Market, Segmentation by Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Residential Energy Storage Market
13.1. Indonesia Residential Energy Storage Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Residential Energy Storage Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Residential Energy Storage Market, Segmentation by Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Residential Energy Storage Market
14.1. South Korea Residential Energy Storage Market Overview
14.2. South Korea Residential Energy Storage Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Residential Energy Storage Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Residential Energy Storage Market, Segmentation by Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Residential Energy Storage Market
15.1. Western Europe Residential Energy Storage Market Overview
15.2. Western Europe Residential Energy Storage Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Residential Energy Storage Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Residential Energy Storage Market, Segmentation by Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Residential Energy Storage Market
16.1. UK Residential Energy Storage Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Residential Energy Storage Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Residential Energy Storage Market, Segmentation by Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Residential Energy Storage Market
17.1. Germany Residential Energy Storage Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Residential Energy Storage Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Residential Energy Storage Market, Segmentation by Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Residential Energy Storage Market
18.1. France Residential Energy Storage Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Residential Energy Storage Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Residential Energy Storage Market, Segmentation by Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Residential Energy Storage Market
19.1. Italy Residential Energy Storage Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Residential Energy Storage Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Residential Energy Storage Market, Segmentation by Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Residential Energy Storage Market
20.1. Spain Residential Energy Storage Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Residential Energy Storage Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Residential Energy Storage Market, Segmentation by Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Residential Energy Storage Market
21.1. Eastern Europe Residential Energy Storage Market Overview
21.2. Eastern Europe Residential Energy Storage Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Residential Energy Storage Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Residential Energy Storage Market, Segmentation by Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Residential Energy Storage Market
22.1. Russia Residential Energy Storage Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Residential Energy Storage Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Residential Energy Storage Market, Segmentation by Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Residential Energy Storage Market
23.1. North America Residential Energy Storage Market Overview
23.2. North America Residential Energy Storage Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Residential Energy Storage Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Residential Energy Storage Market, Segmentation by Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Residential Energy Storage Market
24.1. USA Residential Energy Storage Market Overview
24.2. USA Residential Energy Storage Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Residential Energy Storage Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Residential Energy Storage Market, Segmentation by Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Residential Energy Storage Market
25.1. Canada Residential Energy Storage Market Overview
25.2. Canada Residential Energy Storage Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Residential Energy Storage Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Residential Energy Storage Market, Segmentation by Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Residential Energy Storage Market
26.1. South America Residential Energy Storage Market Overview
26.2. South America Residential Energy Storage Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Residential Energy Storage Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Residential Energy Storage Market, Segmentation by Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Residential Energy Storage Market
27.1. Brazil Residential Energy Storage Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Residential Energy Storage Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Residential Energy Storage Market, Segmentation by Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Residential Energy Storage Market
28.1. Middle East Residential Energy Storage Market Overview
28.2. Middle East Residential Energy Storage Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Residential Energy Storage Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Residential Energy Storage Market, Segmentation by Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Residential Energy Storage Market
29.1. Africa Residential Energy Storage Market Overview
29.2. Africa Residential Energy Storage Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Residential Energy Storage Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Residential Energy Storage Market, Segmentation by Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Residential Energy Storage Market Competitive Landscape and Company Profiles
30.1. Residential Energy Storage Market Competitive Landscape
30.2. Residential Energy Storage Market Company Profiles
30.2.1. Huawei Technologies Co. Ltd.
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Tesla Inc.
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Siemens AG
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Hitachi Energy Ltd.
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Panasonic Corporation
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Residential Energy Storage Market Other Major and Innovative Companies
31.1. BYD Company Limited
31.2. ABB Ltd
31.3. Eaton Corporation plc
31.4. LG Energy Solution Ltd.
31.5. Samsung SDI Co. Ltd.
31.6. Delta Electronics Inc.
31.7. Enphase Energy Inc.
31.8. SMA Solar Technology AG
31.9. Saft Groupe SA
31.10. VARTA AG
31.11. Jiangsu GoodWe Power Supply Technology Co. Ltd.
31.12. Sonnen GmbH
31.13. Shanghai PYTES Energy Co. Ltd
31.14. Dyness Power Energy Limited
31.15. Deutsche Energieversorgung GmbH
32. Global Residential Energy Storage Market Competitive Benchmarking33. Global Residential Energy Storage Market Competitive Dashboard34. Key Mergers and Acquisitions in the Residential Energy Storage Market
35. Residential Energy Storage Market Future Outlook and Potential Analysis
35.1 Residential Energy Storage Market in 2028 - Countries Offering Most New Opportunities
35.2 Residential Energy Storage Market in 2028 - Segments Offering Most New Opportunities
35.3 Residential Energy Storage Market in 2028 - Growth Strategies
35.3.1 Market Trend Based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Residential Energy Storage Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on residential energy storage market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase:

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Description

Where is the largest and fastest growing market for residential energy storage ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The residential energy storage market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

1) By Technology: Lead-Acid; Lithium-Ion
2) By Utility: 3KW To < 6KW; 6KW To < 10KW; 10KW To 29KW
3) By Connectivity: On-Grid; Off-Grid
4) By Ownership Type: Customer Owned; Utility Owned; Third-Party Owned
5) By Operation: Solar And Storage System; Standalone Systems

Key Companies Mentioned: Huawei Technologies Co. Ltd.; Tesla Inc.; Siemens AG; Hitachi Energy Ltd.; Panasonic Corporation

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Companies Mentioned

  • Huawei Technologies Co. Ltd.
  • Tesla Inc.
  • Siemens AG
  • Hitachi Energy Ltd.
  • Panasonic Corporation
  • BYD Company Limited
  • ABB Ltd
  • Eaton Corporation plc
  • LG Energy Solution Ltd.
  • Samsung SDI Co. Ltd.
  • Delta Electronics Inc.
  • Enphase Energy Inc.
  • SMA Solar Technology AG
  • Saft Groupe SA
  • VARTA AG
  • Jiangsu GoodWe Power Supply Technology Co. Ltd.
  • Sonnen GmbH
  • Shanghai PYTES Energy Co. Ltd
  • Dyness Power Energy Limited
  • Deutsche Energieversorgung GmbH
  • Powervault Ltd.
  • TESVOLT GmbH
  • Turbo Energy Ltd.
  • Alpha ESS Co. Ltd.
  • Sunverge Energy LLC
  • Eguana Technologies Inc.

Methodology

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