Residential Energy Storage Market

Residential Energy Storage Market In-depth Research covering sales outlook, demand forecast & up-to-date key trends

Residential Energy Storage Market

Residential Energy Storage Market In-depth Research covering sales outlook, demand forecast & up-to-date key trends

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The global Residential Energy Storage market is expected to grow at a CAGR of 13.4% during the forecast period.

The global Residential Energy Storage market is estimated to be about 5194.6 million US dollars in 2020.

The global Residential Energy Storage market is estimated to reach 8584.7 million USD by 2026.

The global Residential Energy Storage market is segmented by company, region (country), type and application. Participants, stakeholders, and other readers in the global Residential Energy Storage market will be able to gain an advantage as they use reports as a powerful resource.

Residential Energy Storage markets by category

Li-ion Battery Energy Storage

Lead Acid Battery Energy Storage

Others

Residential Energy Storage Market by Application (Percentage of Demand)

On-grid

Off-grid

Who are the leading companies in Residential Energy Storage

Samsung SDI

LG Chem

Hitachi

Kokam

Fluence Energy

LSIS

SMA Solar Technology

NGK

General Electric

Primus

Panasonic

BYD

Younicos

ABB

Saft Batteries

Lockheed Martin Energy

Eos Energy Storage

Con Edison Solutions

Residential Energy Storage markets by region:

In North America

In Latin America

Europe

The Asia-pacific

Middle East and Africa (MEA)

What are the main countries covered

The United States

Canada

Germany

France

UK

Italy

Russia

China

Japan

Korea

Southeast Asia

India

Australia

Brazil

Mexico

Argentina

Chile

Colombia

Egypt

Saudi Arabia

United Arab Emirates

Nigeria

South Africa

Which is the most profitable market

Among regions, North America/Europe/Asia Pacific accounted for the largest share of global personalized beauty equipment as rising consumer incomes led to increased spending at Residential Energy Storage.

What methodology did you follow in your research

This study was conducted by our expert analysts through a combination of primary and secondary studies. The methodology we follow includes a demand-side assessment of the market and triangulation of this through supply-side analysis. The methodology is based on the use of standard market structures, methods, and definitions.

Who were the primary study respondents

We talk to stakeholders across the spectrum. Including C-level executives, distributors, product manufacturers, industry experts, etc.

What are the sources of secondary research

We conduct extensive secondary studies using proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations and research papers.

1. Introduction

1.1 Definition of the Market

1.2 Research Purpose

1.3 Scope of the Study

1.4 Stakeholders

1.5 Geography Coverage

1.6 Currency Under Consideration

1.7 Market Size Units

1.8 Review Cycle

2 Global Market Overview

2.1 Global Residential Energy Storage Revenue and Growth Forecast 2014-2026

2.2 Global Residential Energy Storage Market Size and Growth Forecast 2014-2026

2.3 Global Residential Energy Storage Revenue by Region 2014-2026

2.4 Residential Energy Storage Market Share by Major Regions 2014-2021

2.5 Residential Energy Storage Gross Margin in Different Region 2014-2021

2.6 Global Residential Energy Storage Market History Price and Forecast 2014-2026

2.7 Global Residential Energy Storage Sales Market Share by Top Companies 2014-2021

3 Global Residential Energy Storage Market by Type

3.1 Global Residential Energy Storage Revenue and Growth Rate Segment by Types from 2014-2021

3.2 Global Residential Energy Storage Market Size and Growth Rate Segment by Product Types from 2014-2021

3.3 Global Residential Energy Storage Price Segment by Types from 2014-2021

3.4 Brief Introduction of Different Types

3.4.1 Li-ion Battery Energy Storage

3.4.2 Lead Acid Battery Energy Storage

3.4.3 Others

4 Global Residential Energy Storage Market by Application

4.1 Global Residential Energy Storage Revenue and Growth Rate Segment by Applications from 2014-2021

4.2 Global Residential Energy Storage Market Size and Growth Rate Segment by Product Applications from 2014-2021

4.3 Brief Introduction of Different Applications

4.3.1 On-grid

4.3.2 Off-grid

5 North America Residential Energy Storage Market (Value, Market Size, Import, Export) and Segmentation (by Type, Application, Countries and Participants)

5.1 North America Residential Energy Storage Value ($) from 2014-2021

5.2 North America Residential Energy Storage Market Size from 2014-2021

5.3 North America Residential Energy Storage Price Change from 2014-2021

5.4 North America Residential Energy Storage Import and Export from 2014-2021

5.5 North America Residential Energy Storage Market Value ($) and Growth (%) by Type from 2014-2021

5.6 North America Residential Energy Storage Market Value ($) and Growth (%) by Application from 2014-2021

5.7 North America Residential Energy Storage Market Value ($) and Growth (%) by Countries from 2014-2021

5.7.1 The United States

5.7.2 Canada

5.8 Top North America Residential Energy Storage Participants Value ($) and Market Share (%) in 2020

6 Europe Residential Energy Storage Market (Value, Market Size, Import, Export) and Segmentation (by Type, Application, Countries and Participants)

6.1 Europe Residential Energy Storage Value ($) from 2014-2021

6.2 Europe Residential Energy Storage Market Size from 2014-2021

6.3 Europe Residential Energy Storage Price Change from 2014-2021

6.4 Europe Residential Energy Storage Import and Export from 2014-2021

6.5 Europe Residential Energy Storage Market Value ($) and Growth (%) by Type from 2014-2021

6.6 Europe Residential Energy Storage Market Value ($) and Growth (%) by Application from 2014-2021

6.7 Europe Residential Energy Storage Market Value ($) and Growth (%) by Countries from 2014-2021

6.7.1 Germany

6.7.2 France

6.7.3 UK

6.7.4 Italy

6.7.5 Russia

…

6.8 Top Europe Residential Energy Storage Participants Value ($) and Market Share (%) in 2020

7 Asia-Pacific Residential Energy Storage Market (Value, Market Size, Import, Export) and Segmentation (by Type, Application, Countries and Participants)

7.1 Asia-Pacific Residential Energy Storage Value ($) from 2014-2021

7.2 Asia-Pacific Residential Energy Storage Market Size from 2014-2021

7.3 Asia-Pacific Residential Energy Storage Price Change from 2014-2021

7.4 Asia-Pacific Residential Energy Storage Import and Export from 2014-2021

7.5 Asia-Pacific Residential Energy Storage Market Value ($) and Growth (%) by Type from 2014-2021

7.6 Asia-Pacific Residential Energy Storage Market Value ($) and Growth (%) by Application from 2014-2021

7.7 Asia-Pacific Residential Energy Storage Market Value ($) and Growth (%) by Countries from 2014-2021

7.7.1 China

7.7.2 Japan

7.7.3 Korea

7.7.4 Southeast Asia

7.7.5 India

7.7.6 Australia

…

7.8 Top Asia-Pacific Residential Energy Storage Participants Value ($) and Market Share (%) in 2020

8 Latin America Residential Energy Storage Market (Value, Market Size, Import, Export) and Segmentation (by Type, Application, Countries and Participants)

8.1 Latin America Residential Energy Storage Value ($) from 2014-2021

8.2 Latin America Residential Energy Storage Market Size from 2014-2021

8.3 Latin America Residential Energy Storage Price Change from 2014-2021

8.4 Latin America Residential Energy Storage Import and Export from 2014-2021

8.5 Latin America Residential Energy Storage Market Value ($) and Growth (%) by Type from 2014-2021

8.6 Latin America Residential Energy Storage Market Value ($) and Growth (%) by Application from 2014-2021

8.7 Latin America Residential Energy Storage Market Value ($) and Growth (%) by Countries from 2014-2021

8.7.1 Brazil

8.7.2 Mexico

8.7.3 Argentina

8.7.4 Chile

8.7.5 Colombia

…

8.8 Top Latin America Residential Energy Storage Participants Value ($) and Market Share (%) in 2020

9 Middle East & Africa Residential Energy Storage Market (Value, Market Size, Import, Export) and Segmentation (by Type, Application, Countries and Participants)

9.1 Middle East & Africa Residential Energy Storage Value ($) from 2014-2021

9.2 Middle East & Africa Residential Energy Storage Market Size from 2014-2021

9.3 Middle East & Africa Residential Energy Storage Price Change from 2014-2021

9.4 Middle East & Africa Residential Energy Storage Import and Export from 2014-2021

9.5 Middle East & Africa Residential Energy Storage Market Value ($) and Growth (%) by Type from 2014-2021

9.6 Middle East & Africa Residential Energy Storage Market Value ($) and Growth (%) by Application from 2014-2021

9.7 Middle East & Africa Residential Energy Storage Market Value ($) and Growth (%) by Countries from 2014-2021

9.7.1 Egypt

9.7.2 Saudi Arabia

9.7.3 United Arab Emirates

9.7.4 Nigeria

9.7.5 South Africa

…

9.8 Top Middle East & Africa Residential Energy Storage Participants Value ($) and Market Share (%) in 2020

10. Global Level Competitive Intelligence – Company Profiles

10.1 Samsung SDI

10.1.1 Samsung SDI Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)

10.1.2 Samsung SDI Sales, Value, Gross and Gross Margin from 2014-2021

10.1.3 Samsung SDI Value and Growth Change from 2014-2021

10.1.4 Samsung SDI Price Change from 2014-2021

10.1.5 Samsung SDI Product Offered

10.2 LG Chem

10.2.1 LG Chem Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)

10.2.2 LG Chem Sales, Value, Gross and Gross Margin from 2014-2021

10.2.3 LG Chem Value and Growth Change from 2014-2021

10.2.4 LG Chem Price Change from 2014-2021

10.2.5 LG Chem Product Offered

10.3 Hitachi

10.3.1 Hitachi Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)

10.3.2 Hitachi Sales, Value, Gross and Gross Margin from 2014-2021

10.3.3 Hitachi Value and Growth Change from 2014-2021

10.3.4 Hitachi Price Change from 2014-2021

10.3.5 Hitachi Product Offered

10.4 Kokam

10.4.1 Kokam Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)

10.4.2 Kokam Sales, Value, Gross and Gross Margin from 2014-2021

10.4.3 Kokam Value and Growth Change from 2014-2021

10.4.4 Kokam Price Change from 2014-2021

10.4.5 Kokam Product Offered

10.5 Fluence Energy

10.5.1 Fluence Energy Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)

10.5.2 Fluence Energy Sales, Value, Gross and Gross Margin from 2014-2021

10.5.3 Fluence Energy Value and Growth Change from 2014-2021

10.5.4 Fluence Energy Price Change from 2014-2021

10.5.5 Fluence Energy Product Offered

10.6 LSIS

10.6.1 LSIS Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)

10.6.2 LSIS Sales, Value, Gross and Gross Margin from 2014-2021

10.6.3 LSIS Value and Growth Change from 2014-2021

10.6.4 LSIS Price Change from 2014-2021

10.6.5 LSIS Product Offered

10.7 SMA Solar Technology

10.7.1 SMA Solar Technology Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)

10.7.2 SMA Solar Technology Sales, Value, Gross and Gross Margin from 2014-2021

10.7.3 SMA Solar Technology Value and Growth Change from 2014-2021

10.7.4 SMA Solar Technology Price Change from 2014-2021

10.7.5 SMA Solar Technology Product Offered

10.8 NGK

10.8.1 NGK Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)

10.8.2 NGK Sales, Value, Gross and Gross Margin from 2014-2021

10.8.3 NGK Value and Growth Change from 2014-2021

10.8.4 NGK Price Change from 2014-2021

10.8.5 NGK Product Offered

10.9 General Electric

10.9.1 General Electric Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)

10.9.2 General Electric Sales, Value, Gross and Gross Margin from 2014-2021

10.9.3 General Electric Value and Growth Change from 2014-2021

10.9.4 General Electric Price Change from 2014-2021

10.9.5 General Electric Product Offered

10.10 Primus

10.10.1 Primus Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)

10.10.2 Primus Sales, Value, Gross and Gross Margin from 2014-2021

10.10.3 Primus Value and Growth Change from 2014-2021

10.10.4 Primus Price Change from 2014-2021

10.10.5 Primus Product Offered

10.11 Panasonic

10.11.1 Panasonic Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)

10.11.2 Panasonic Sales, Value, Gross and Gross Margin from 2014-2021

10.11.3 Panasonic Value and Growth Change from 2014-2021

10.11.4 Panasonic Price Change from 2014-2021

10.11.5 Panasonic Product Offered

10.12 BYD

10.12.1 BYD Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)

10.12.2 BYD Sales, Value, Gross and Gross Margin from 2014-2021

10.12.3 BYD Value and Growth Change from 2014-2021

10.12.4 BYD Price Change from 2014-2021

10.12.5 BYD Product Offered

10.13 Younicos

10.13.1 Younicos Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)

10.13.2 Younicos Sales, Value, Gross and Gross Margin from 2014-2021

10.13.3 Younicos Value and Growth Change from 2014-2021

10.13.4 Younicos Price Change from 2014-2021

10.13.5 Younicos Product Offered

10.14 ABB

10.14.1 ABB Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)

10.14.2 ABB Sales, Value, Gross and Gross Margin from 2014-2021

10.14.3 ABB Value and Growth Change from 2014-2021

10.14.4 ABB Price Change from 2014-2021

10.14.5 ABB Product Offered

10.15 Saft Batteries

10.15.1 Saft Batteries Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)

10.15.2 Saft Batteries Sales, Value, Gross and Gross Margin from 2014-2021

10.15.3 Saft Batteries Value and Growth Change from 2014-2021

10.15.4 Saft Batteries Price Change from 2014-2021

10.15.5 Saft Batteries Product Offered

10.16 Lockheed Martin Energy

10.16.1 Lockheed Martin Energy Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)

10.16.2 Lockheed Martin Energy Sales, Value, Gross and Gross Margin from 2014-2021

10.16.3 Lockheed Martin Energy Value and Growth Change from 2014-2021

10.16.4 Lockheed Martin Energy Price Change from 2014-2021

10.16.5 Lockheed Martin Energy Product Offered

10.17 Eos Energy Storage

10.17.1 Eos Energy Storage Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)

10.17.2 Eos Energy Storage Sales, Value, Gross and Gross Margin from 2014-2021

10.17.3 Eos Energy Storage Value and Growth Change from 2014-2021

10.17.4 Eos Energy Storage Price Change from 2014-2021

10.17.5 Eos Energy Storage Product Offered

10.18 Con Edison Solutions

10.18.1 Con Edison Solutions Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)

10.18.2 Con Edison Solutions Sales, Value, Gross and Gross Margin from 2014-2021

10.18.3 Con Edison Solutions Value and Growth Change from 2014-2021

10.18.4 Con Edison Solutions Price Change from 2014-2021

10.18.5 Con Edison Solutions Product Offered

11. Market Dynamics

11.1 Driving Factors

11.1.1 Rising Demand in Some Regions: North America/Europe/China/India/Japan …

11.1.2 Increasing Use of Residential Energy Storage by Different End-User/Applications

11.2 Restraints and Challenges in the Market

11.3 Opportunities

11.4 Covid-19 Impact/Evaluation

12. Future Forecast of Global Residential Energy Storage Market from 2020-2026

12.1 Future Forecast of Global Residential Energy Storage Market from 2020-2026 Segment by Regions

12.2 Future Forecast of Global Residential Energy Storage Market from 2020-2026 Segment by Type

12.3 Future Forecast of Global Residential Energy Storage Market from 2020-2026 Segment by Application

13. Investment Analysis

13.1 Fundamental Analysis (Porter's Five Forces Analysis)

13.2 Technical Preparation Analysis

13.3 Risk Evaluating Analysis

13.4 Estimated Investment Pay-Back Period

14 Research Methodology

14.1 Research Data

14.1.1 Secondary Data

14.1.2 Primary Data

14.2 Revenue Estimation

14.2.1 Bottom-Up Approach

14.2.2 Top-Down Approach (Involves time, Space, and Persons)

14.3 Data Triangulation

14.4 Assumptions

14.5 Hypothesis of this Research, Clear, specific, and testable statement of this research

14.6 Limitations of Our Study

14.7 Scene Based Modeling

15 Disclaimer

Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Residential Energy Storage Market Size Estimation

To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.

Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.

Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.

We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.

Data Source

Secondary Sources

This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.

These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Market Intellix Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Market Intellix Data Repository

Primary Sources

As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.

On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.

These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.

Key Data Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
What is the market share of the Residential Energy Storage Market?
The Global Residential Energy Storage Market share by vendor, as well as the concentration rate using the CR4, CR8 Index, determine the strength of competitive players like Samsung SDI, LG Chem, Hitachi, Kokam, Fluence Energy, LSIS, SMA Solar Technology, NGK, General Electric, Primus, Panasonic, BYD, Younicos, ABB, Saft Batteries, Lockheed Martin Energy, Eos Energy Storage, Con Edison Solutions.
How is the competition changing gears in the Residential Energy Storage Industry?
Emerging markets will create new demands and put pressure on the industry to act quickly. Simultaneously, market players such as Samsung SDI, LG Chem, Hitachi, Kokam, Fluence Energy, LSIS, SMA Solar Technology, NGK, General Electric, Primus, Panasonic, BYD, Younicos, ABB, Saft Batteries, Lockheed Martin Energy, Eos Energy Storage, Con Edison Solutions will face challenges from the industry's increasing pace of consolidation, particularly in North America and Europe.
Who are the significant end-users in the Residential Energy Storage Market?
The key end-users in the Residential Energy Storage Market are (Percentage of Demand), On-grid, Off-grid
What is the market value of the Residential Energy Storage Industry?
In 2024, the Residential Energy Storage Market share exceeded USD xx million. Between 2025 and 2030, it will grow at a CAGR of yy%.
Where does the Residential Energy Storage Industry stands in terms of scaling end-use implementations?
According to the Residential Energy Storage Market research paper, organizations are making more progress than their supply chain counterparts, including suppliers.
What are the primary data sources used to evaluate the Residential Energy Storage Market sizing?
The majority of data for the Residential Energy Storage Industry is gathered through primary sources, which include interviews and surveys with industry experts from the core and related industries involved in the supply chain. Secondary sources, such as SEC filings, annual reports, whitepapers, and press releases, are also used.