Residential Energy Storage Market by Power Rating (3–6 kW & 6–10 kW), Connectivity (On-Grid & Off-Grid), Technology (Lead–Acid & Lithium-Ion), Ownership (Customer, Utility, & Third-Party), Operation (Standalone & Solar), Region - Global Forecast to 2024

Date: May 1, 2019
Pages: 136
Price:
US$ 5,650.00
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Publisher: MarketsandMarkets
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: R3ACBAFB07FEN
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Residential Energy Storage Market by Power Rating (3–6 kW & 6–10 kW), Connectivity (On-Grid & Off-Grid), Technology (Lead–Acid & Lithium-Ion), Ownership (Customer, Utility, & Third-Party), Operation (Standalone & Solar), Region - Global Forecast to 2024
“The global residential energy storage market is projected to grow at a CAGR of 22.88% from 2019 to 2024”

The global residential energy storage market is projected to reach USD 17.5 billion by 2024 from an estimated USD 6.3 billion in 2019, at a CAGR of 22.88% during the forecast period. This growth can be attributed to factors such as declining cost of batteries, regulatory support and financial incentives, and the need for energy self-sufficiency from consumers. However, price sensitivity in developing countries and lack of standards and interoperability is hindering the growth of the residential energy storage market.

“The lithium-ion segment is expected to be the fastest growing market, by technology, from 2019 to 2024”

The lithium-ion segment is expected to hold the largest market share and be the fastest growing segment during the forecast period because of the declining price of lithium batteries and high efficiency. Increasing emission control regulations and continuous revisions in environmental regulations have led to the increasing use of lithium-ion batteries.

“The solar and storage segment is expected to be the largest market from 2019 to 2024”

The solar and storage segment, by operation type, is estimated to be the largest and fastest growing segment during the forecast period. The solar and storage segment is growing due to the need for energy self-sufficiency and the governments providing financial incentives for energy storage to residential consumers. The growth of solar PV installations due to a drop in prices is another major reason for the growth of solar and storage segment.

“Asia Pacific: The largest residential energy storage market”

The Asia Pacific region is expected to be the largest residential energy storage market by 2024. The residential energy storage market in this region is mainly driven by seaborne trade, which has subsequently led to an increase in demand for ships used to transport manufactured goods to various regions worldwide. The growth of this region is primarily driven by countries such as China, Australia, and Japan, which, are installing storage solutions for residential end-users. Over the past few years, this region has witnessed rapid economic development as well as the growth of the renewables and demand for energy self-sufficiency, which has resulted in an increase in the demand for energy storage options.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

By Company Type: Tier 1- 62%, Tier 2- 22%, and Tier 3- 16%
By Designation: C-Level- 45%, Director Level- 25%, and Others- 30%
By Region: Asia Pacific- 45%, Europe- 15%, North America- 24%, the Middle East & Africa- 6%, and South America- 10%

Note: Others includes sales managers, marketing managers, product managers, and product engineers.

The tier of the companies is defined on the basis of their total revenue as of 2017. Tier 1: USD 1 billion, Tier 2: From USD 1 billion to USD 500 million, and Tier 3:
The global residential energy storage market is dominated by a few major players that have a wide regional presence. The leading players in the residential energy storage market are Huawei (China), Samsung SDI Co. Ltd. (South Korea), Tesla (US), LG Chem (South Korea), SMA Solar Technology (Germany), BYD (China), Siemens (Germany), Eaton (Ireland), Schneider Electric (France), ABB (Switzerland), Tabuchi Electric (Japan), and Eguana Technologies (Canada).

Research Coverage:

The report defines, describes, and forecasts the residential energy storage market, by power rating, operation type, technology, ownership type, connectivity type, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the residential energy storage market.

Why Buy this Report?

1. The report identifies and addresses key markets of residential energy storage, which would help various stakeholders such as assembly, testing, and packaging vendors; companies related to the energy storage industry; consulting companies in the energy and power sector; electrical distribution utilities; EV players; government and research organizations; inverter and battery manufacturing companies; investment banks; organizations, forums, alliances, and associations; low- and medium voltage distribution substations; residential energy consumers; solar equipment manufacturing companies; solar panel manufacturers, dealers, installers, and suppliers; state and national regulatory authorities; and venture capital firms to review the growth in demand.
2. The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
3. The report will help key players understand the strategies of their competitors better and help them in making effective strategic decisions.
1 INTRODUCTION

1.1 OBJECTIVES OF THE STUDY
1.2 DEFINITION
1.3 MARKET SCOPE
  1.3.1 MARKET SEGMENTATION
  1.3.2 REGIONAL SCOPE
1.4 YEARS CONSIDERED FOR THE STUDY
1.5 CURRENCY
1.6 LIMITATION
1.7 STAKEHOLDERS

2 RESEARCH METHODOLOGY

2.1 MARKET SIZE ESTIMATION
  2.1.1 IDEAL DEMAND-SIDE ANALYSIS
    2.1.1.1 Assumptions
  2.1.2 SUPPLY-SIDE ANALYSIS
    2.1.2.1 Calculation
  2.1.3 FORECAST

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

4.1 GLOBAL RESIDENTIAL ENERGY STORAGE MARKET, 2019–2024
4.2 RESIDENTIAL ENERGY STORAGE, BY POWER RATING
4.3 RESIDENTIAL ENERGY STORAGE MARKET, BY OWNERSHIP TYPE
4.4 RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE
4.5 RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY
4.6 RESIDENTIAL ENERGY STORAGE MARKET, BY OPERATION TYPE
4.7 ASIA PACIFIC RESIDENTIAL ENERGY STORAGE MARKET

5 MARKET OVERVIEW

5.1 INTRODUCTION
5.2 MARKET DYNAMICS
  5.2.1 DRIVERS
    5.2.1.1 Declining cost of lithium-ion batteries
    5.2.1.2 Regulatory support and financial incentives
    5.2.1.3 Need for energy self-sufficiency from consumers
  5.2.2 RESTRAINTS
    5.2.2.1 Price sensitivity in developing countries
    5.2.2.2 Lack of standards & interoperability
  5.2.3 OPPORTUNITIES
    5.2.3.1 Rising use of Electric Vehicles (EVs)
    5.2.3.2 Declining feed-in tariffs/net metering
  5.2.4 CHALLENGES
    5.2.4.1 Lack of awareness about energy storage solutions
    5.2.4.2 Overheating of lithium-ion batteries

6 RESIDENTIAL ENERGY STORAGE MARKET, BY POWER RATING

6.1 INTRODUCTION
6.2 3–6 KW
  6.2.1 NEED FOR BACKUP POWER DURING NATURAL DISASTERS ARE EXPECTED TO DRIVE THE 3–6 KW SEGMENT
6.3 6–10 KW
  6.3.1 UNRELIABLE GRIDS AND LONG-DURATION POWER OUTAGES ARE DRIVING THE 6–10 KW SEGMENT

7 RESIDENTIAL ENERGY STORAGE, BY TECHNOLOGY

7.1 INTRODUCTION
7.2 LITHIUM-ION
  7.2.1 DECREASING COSTS OF BATTERIES IS EXPECTED TO DRIVE THE LITHIUM-ION SEGMENT
7.3 LEAD–ACID
  7.3.1 HIGH EXPECTED LIFETIME OF LEAD–ACID BATTERIES IS EXPECTED TO DRIVE THE SEGMENT

8 RESIDENTIAL ENERGY STORAGE MARKET, BY OWNERSHIP TYPE

8.1 INTRODUCTION
8.2 CUSTOMER OWNED
  8.2.1 NEED FOR SELF-SUFFICIENCY AND BACKUP POWER DURING NATURAL DISASTERS IS EXPECTED TO DRIVE THE CUSTOMER OWNED SEGMENT
8.3 UTILITY OWNED
  8.3.1 GROWING FINANCIAL INCENTIVES AND REGULATORY SUPPORT IS DRIVING THE UTILITY SEGMENT
8.4 THIRD-PARTY OWNED
  8.4.1 HIGH UPFRONT COSTS AND LOW PER CAPITA INCOMES ARE EXPECTED TO DRIVE THE THIRD-PARTY SEGMENT

9 RESIDENTIAL ENERGY STORAGE, BY OPERATION TYPE

9.1 INTRODUCTION
9.2 STANDALONE SYSTEMS
  9.2.1 LOWER UPFRONT COSTS OF STANDALONE SYSTEMS IS EXPECTED TO DRIVE THE STANDALONE SYSTEMS SEGMENT
9.3 SOLAR AND STORAGE
  9.3.1 NEED FOR ENERGY SELF-SUFFICIENCY AND LOWERING SOLAR PV COSTS ARE EXPECTED TO DRIVE THE SOLAR AND STORAGE SEGMENT

10 RESIDENTIAL ENERGY STORAGE, BY CONNECTIVITY TYPE

10.1 INTRODUCTION
10.2 ON-GRID
  10.2.1 LOWER UPFRONT COSTS OF ON-GRID IS EXPECTED TO DRIVE THE ON-GRID SEGMENT
10.3 OFF-GRID
  10.3.1 PORTABILITY AND NEED FOR ENERGY SELF-SUFFICIENCY ARE EXPECTED TO DRIVE THE OFF-GRID SEGMENT

11 RESIDENTIAL ENERGY STORAGE MARKET, BY REGION

11.1 INTRODUCTION
11.2 NORTH AMERICA
  11.2.1 BY POWER RATING
  11.2.2 BY TECHNOLOGY TYPE
  11.2.3 BY OPERATION TYPE
  11.2.4 BY OWNERSHIP
  11.2.5 BY CONECTIVITY
  11.2.6 BY COUNTRY
    11.2.6.1 US
      11.2.6.1.1 Supportive policies and energy storage subsidies are driving the market for residential energy storage
    11.2.6.2 Canada
      11.2.6.2.1 Rising energy costs and need to reduce emissions are driving the residential energy storage cost
    11.2.6.3 Mexico
      11.2.6.3.1 Demand for peak power reduction and renewable energy integration is driving the residential energy storage market
11.3 ASIA PACIFIC
  11.3.1 BY POWER RATING
  11.3.2 BY TECHNOLOGY TYPE
  11.3.3 BY OPERATION TYPE
  11.3.4 BY OWNERSHIP TYPE
  11.3.5 BY CONNECTIVITY TYPE
  11.3.6 BY COUNTRY
    11.3.6.1 China
      11.3.6.1.1 Need for grid stability and countermeasure against the extensive penetration of intermittent power are driving the market
    11.3.6.2 India
      11.3.6.2.1 Need to manage peak load and efficient utilization of distributed renewables are expected to drive the market
    11.3.6.3 Japan
      11.3.6.3.1 Threat of frequent natural disasters and need to optimize energy use are driving the market
    11.3.6.4 Australia
      11.3.6.4.1 Rising rooftop solar installation and supportive legislations are driving the market
    11.3.6.5 South Korea
      11.3.6.5.1 Need for power quality and demand management is driving the market
    11.3.6.6 Rest of Asia Pacific
      11.3.6.6.1 Land constraint and need for a reliable supply of grid are driving the market
11.4 EUROPE
  11.4.1 BY POWER RATING
  11.4.2 BY TECHNOLOGY TYPE
  11.4.3 BY OPERATION TYPE
  11.4.4 BY OWNERSHIP TYPE
  11.4.5 BY CONNECTIVITY TYPE
  11.4.6 BY COUNTRY
    11.4.6.1 UK
      11.4.6.1.1 Incentives for residential energy storage are driving the market
    11.4.6.2 Germany
      11.4.6.2.1 Need for energy security and increasing rooftop solar power generation are driving the market
    11.4.6.3 Italy
      11.4.6.3.1 Reducing peak demand and growing rooftop solar power generation are driving the market
    11.4.6.4 Spain
      11.4.6.4.1 Integration of solar power generation with energy storage is driving the market
    11.4.6.5 Rest of Europe
      11.4.6.5.1 Regulatory and policy support would drive the residential energy storage market
11.5 MIDDLE EAST & AFRICA
  11.5.1 BY POWER RATING
  11.5.2 BY TECHNOLOGY TYPE
  11.5.3 BY OPERATION TYPE
  11.5.4 BY OWNERSHIP TYPE
  11.5.5 BY CONNECTIVITY TYPE
  11.5.6 BY COUNTRY TYPE
    11.5.6.1 Saudi Arabia
      11.5.6.1.1 Rising energy prices and the need for renewable power generation is driving the market
    11.5.6.2 UAE
      11.5.6.2.1 Grid stability and flexibility through residential energy storage is driving the market
    11.5.6.3 South Africa
      11.5.6.3.1 Grid connectivity and proposed solar and storage projects are expected to drive the market
    11.5.6.4 Rest of Middle East & Africa
      11.5.6.4.1 Need to reduce the peak energy demand is driving the market
11.6 SOUTH AMERICA
  11.6.1 BY POWER RATING
  11.6.2 BY TECHNOLOGY
  11.6.3 BY OPERATION TYPE
  11.6.4 BY OWNERSHIP
  11.6.5 BY CONNECTIVITY
  11.6.6 BY COUNTRY
    11.6.6.1 Brazil
      11.6.6.1.1 Need for new tariff plans and tackling power outages is driving the market
    11.6.6.2 Chile
      11.6.6.2.1 Rapid frequency response and need for energy backup is driving the market
    11.6.6.3 Rest of South America
      11.6.6.3.1 Need to reduce energy generation cost is driving the market

12 COMPETITIVE LANDSCAPE

12.1 OVERVIEW
12.2 MARKET SHARE ANALYSIS
12.3 COMPETITIVE SCENARIO
  12.3.1 NEW PRODUCT DEVELOPMENTS
  12.3.2 PARTNERSHIPS
  12.3.3 CONTRACTS & AGREEMENTS
  12.3.4 EXPANSIONS & INVESTMENTS
  12.3.5 OTHERS
12.4 COMPETITIVE LEADERSHIP MAPPING
  12.4.1 VISIONARY LEADERS
  12.4.2 INNOVATORS
  12.4.3 DYNAMIC
  12.4.4 EMERGING

13 COMPANY PROFILE

13.1 ABB
(Business overview, Products offered, Recent Developments, MNM view)*
13.2 SAMSUNG SDI CO., LTD.
13.3 TESLA
13.4 BYD COMPAMY LIMITED
13.5 EGUANA TECHNOLOGIES
13.6 SCHNEIDER ELECTRIC
13.7 SIEMENS
13.8 HUAWEI
13.9 EATON
13.10 LG CHEM
13.11 TABUCHI ELECTRIC
13.12 SMA SOLAR TECHNOLOGY
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

14 APPENDIX

14.1 INSIGHTS OF INDUSTRY EXPERTS
15.1 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.2 AVAILABLE CUSTOMIZATIONS
15.3 RELATED REPORTS
15.4 AUTHOR DETAILS

LIST OF TABLES

TABLE 1 DECLINING COST OF LITHIUM-ION BATTERIES AND FINANCIAL INCENTIVES & REGULATORY SUPPORT ARE THE MAJOR DETERMINING FACTOR FOR THE RESIDENTIAL ENERGY STORAGE MARKET
TABLE 2 RESIDENTIAL ENERGY STORAGE MARKET SNAPSHOT
TABLE 3 RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY POWER RATING, 2017–2024 (USD MILLION)
TABLE 4 3–6 KW: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 5 6–10 KW: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 6 RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY TECHNOLOGY, 2017–2024 (USD MILLION)
TABLE 7 LITHIUM-ION: GLOBAL RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 8 LEAD–ACID: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 9 RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY OWNERSHIP TYPE, 2017–2024 (USD BILLION)
TABLE 10 CUSTOMER OWNED: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 11 UTILITY OWNED: RESIDENTIAL ENRGY STORAGE MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 12 THIRD-PARTY OWNED: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 13 RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY OPERATION TYPE, 2017–2024 (USD MILLION)
TABLE 14 STANDALONE SYSTEMS: GLOBAL RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 15 SOLAR AND STORAGE: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 16 RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY CONNECTIVITY TYPE, 2017–2024 (USD MILLION)
TABLE 17 ON-GRID: GLOBAL RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 18 OFF-GRID: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 19 RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 20 NORTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY POWER RATING, 2017–2024 (USD MILLION)
TABLE 21 NORTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY TECHNOLOGY TYPE, 2017–2024 (USD MILLION)
TABLE 22 NORTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY OPERATION TYPE, 2017–2024 (USD MILLION)
TABLE 23 NORTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY OWNERSHIP TYPE, 2017–2024 (USD MILLION)
TABLE 24 NORTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY CONNECTIVITY TYPE, 2017–2024 (USD MILLION)
TABLE 25 NORTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
TABLE 26 US: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY CONNECTIVITY TYPE, 2017–2024 (USD MILLION)
TABLE 27 CANADA: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY CONNECTIVITY TYPE, 2017–2024 (USD MILLION)
TABLE 28 MEXICO: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY CONNECTIVITY TYPE, 2017–2024 (USD MILLION)
TABLE 29 ASIA PACFIC: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY POWER RATING, 2017–2024 (USD MILLION)
TABLE 30 ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY TECHNOLOGY TYPE, 2017–2024 (USD MILLION)
TABLE 31 ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY OPERATION TYPE, 2017–2024 (USD MILLION)
TABLE 32 ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY OWNERSHIP TYPE, 2017–2024 (USD MILLION)
TABLE 33 ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY CONNECTIVITY TYPE, 2017–2024 (USD MILLION)
TABLE 34 ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
TABLE 35 CHINA: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY CONNECTIVITY TYPE, 2017–2024 (USD MILLION)
TABLE 36 INDIA: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY CONNECTIVITY TYPE, 2017–2024 (USD MILLION)
TABLE 37 JAPAN: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY CONNECTIVITY TYPE, 2017–2024 (USD MILLION)
TABLE 38 AUSTRALIA: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY CONNECTIVITY TYPE, 2017-2024 (USD MILLION)
TABLE 39 SOUTH KOREA: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY CONNECTIVITY TYPE, 2017–2024 (USD MILLION)
TABLE 40 REST OF ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY CONNECTIVITY TYPE, 2017–2024 (USD MILLION)
TABLE 41 EUROPE: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY POWER RATING, 2017–2024 (USD MILLION)
TABLE 42 EUROPE: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY TECHNOLOGY TYPE, 2017–2024 (USD MILLION)
TABLE 43 EUROPE: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY OPERATION TYPE, 2017–2024 (USD MILLION)
TABLE 44 EUROPE: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY OWNERSHIP TYPE, 2017–2024 (USD MILLION)
TABLE 45 EUROPE: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY CONNECTIVITY TYPE, 2017–2024 (USD MILLION)
TABLE 46 EUROPE: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
TABLE 47 UK: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY CONNECTIVITY TYPE, 2017–2024 (USD MILLION)
TABLE 48 GERMANY: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY CONNECTIVITY TYPE, 2017–2024 (USD MILLION)
TABLE 49 ITALY: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY CONNECTIVITY TYPE, 2017–2024 (USD MILLION)
TABLE 50 SPAIN: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY CONNECTIVITY TYPE, 2017–2024 (USD MILLION)
TABLE 51 REST OF EUROPE: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY CONNECTIVITY TYPE, 2017–2024 (USD MILLION)
TABLE 52 MIDDLE EAST & AFRICA: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY POWER RATING, 2017–2024 (USD MILLION)
TABLE 53 MIDDLE EAST & AFRICA: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY TECHNOLOGY TYPE, 2017–2024 (USD MILLION)
TABLE 54 MIDDLE EAST & AFRICA: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY OPERATION TYPE, 2017–2024 (USD MILLION)
TABLE 55 MIDDLE EAST & AFRICA: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY OWNERSHIP TYPE, 2017–2024 (USD MILLION)
TABLE 56 MIDDLE EAST & AFRICA: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY CONNECTIVITY TYPE, 2017–2024 (USD MILLION)
TABLE 57 MIDDLE EAST & AFRICA: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
TABLE 58 SAUDI ARABIA: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY CONNECTIVITY TYPE, 2017–2024 (USD MILLION)
TABLE 59 UAE: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY CONNECTIVITY TYPE, 2017–2024 (USD MILLION)
TABLE 60 SOUTH AFRICA: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY CONNECTIVITY TYPE, 2017–2024 (USD MILLION)
TABLE 61 REST OF MIDDLE EAST & AFRICA: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY CONNECTIVITY TYPE, 2017–2024 (USD MILLION)
TABLE 62 SOUTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY POWER RATING, 2017–2024 (USD MILLION)
TABLE 63 SOUTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY TECHNOLOGY TYPE, 2017–2024 (USD MILLION)
TABLE 64 SOUTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY OPERATION TYPE, 2017–2024 (USD MILLION)
TABLE 65 SOUTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY OWNERSHIP TYPE, 2017–2024 (USD MILLION)
TABLE 66 SOUTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY CONNECTIVITY TYPE, 2017–2024 (USD MILLION)
TABLE 67 SOUTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
TABLE 68 BRAZIL: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY CONNECTIVITY TYPE, 2017–2024 (USD MILLION)
TABLE 69 CHILE: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY CONNECTIVITY TYPE, 2017–2024 (USD MILLION)
TABLE 70 REST OF SOUTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY CONNECTIVITY TYPE, 2017–2024 (USD MILLION)
TABLE 71 EGUANA TECHNOLOGIES WAS THE MOST ACTIVE PLAYER IN THE RESIDENTIAL ENERGY STORAGE MARKET BETWEEN 2016 AND 2019

LIST OF FIGURES

FIGURE 1 SOME OF THE INSIGHTS OF INDUSTRY EXPERTS
FIGURE 2 CUSTOMER OWNED SEGMENT LED THE RESIDENTIAL ENERGY STORAGE MARKET, BY OWNERSHIP TYPE IN 2018
FIGURE 3 3–6 KW SEGMENT IS EXPECTED TO LEAD THE RESIDENTIAL ENERGY STORAGE MARKET, BY POWER RATING, DURING THE FORECAST PERIOD
FIGURE 4 LITHIUM-ION SEGMENT IS EXPECTED TO LEAD THE RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, DURING THE FORECAST PERIOD
FIGURE 5 SOLAR AND STORAGE SEGMENT IS EXPECTED TO LEAD THE RESIDENTIAL ENERGY STORAGE MARKET, BY OPERATION TYPE, DURING THE FORECAST PERIOD
FIGURE 6 ON-GRID SEGMENT IS EXPECTED TO LEAD THE RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, DURING THE FORECAST PERIOD
FIGURE 7 NORTH AMERICAN MARKET IS EXPECTED TO GROW AT THE FASTEST CAGR IN THE RESIDENTIAL ENERGY STORAGE MARKET, BY REGION, DURING THE FORECAST PERIOD
FIGURE 8 DECLINING COSTS OF LITHIUM-ION BATTERIES ARE EXPECTED TO DRIVE THE RESIDENTIAL ENERGY STORAGE MARKET DURING THE FORECAST PERIOD
FIGURE 9 6–10 KW SEGMENT LED THE RESIDENTIAL ENERGY STORAGE MARKET IN 2018
FIGURE 10 CUSTOMER OWNED SEGMENT IS EXPECTED TO GROW GLOBALLY IN THE RESIDENTIAL ENERGY STORAGE MARKET DURING THE FORECAST PERIOD
FIGURE 11 ON-GRID SEGMENT LED THE RESIDENTIAL ENERGY STORAGE MARKET IN 2018
FIGURE 12 LITHIUM-ION SEGMENT LED THE RESIDENTIAL ENERGY STORAGE MARKET IN 2018
FIGURE 13 SOLAR AND STORAGE SEGMENT LED THE RESIDENTIAL ENERGY STORAGE MARKET IN 2018
FIGURE 14 AUSTRALIA WAS THE LARGEST RESIDENTIAL ENERGY STORAGE MARKET IN ASIA PACIFIC, IN 2018
FIGURE 15 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
FIGURE 16 LITHIUM-ION BATTERY PRICES (USD/KWH)
FIGURE 17 GDP PER CAPITA INCOME (USD)
FIGURE 18 ELECTRIC VEHICLE SALES IN THE US DURING 2011–2018
FIGURE 19 6–10 KW SEGMENT IS EXPECTED TO DOMIATE THE RESIDENTIAL ENERGY STORAGE MARKET DURING THE FORECAST PERIOD
FIGURE 20 RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2019–2024 (USD MILLION)
FIGURE 21 CUSTOMER OWNED SEGMENT IS EXPECTED TO DOMIATE THE RESIDENTIAL ENERGY STORAGE MARKET DURING THE FORECAST PERIOD
FIGURE 22 RESIDENTIAL ENERGY STORAGE MARKET, BY OPERATION TYPE, 2019–2024 (USD MILLION)
FIGURE 23 RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2019–2024 (USD MILLION)
FIGURE 24 REGIONAL SNAPSHOT: THE MARKET IN NORTH AMERICA IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 25 RESIDENTIAL ENERGY STORAGE MARKET SHARE (VALUE), BY REGION, 2018
FIGURE 26 NORTH AMERICA: REGIONAL SNAPSHOT
FIGURE 27 ASIA PACIFIC: REGIONAL SNAPSHOT
FIGURE 28 KEY DEVELOPMENTS IN THE RESIDENTIAL ENERGY STORAGE MARKET, JULY 2016–MARCH 2019
FIGURE 29 RANKING OF KEY PLAYERS, 2018
FIGURE 30 RESIDENTIAL ENERGY STORAGE MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2018
FIGURE 31 ABB: COMPANY SNAPSHOT
FIGURE 32 SAMSUNG SDI CO., LTD.: COMPANY SNAPSHOT
FIGURE 33 TESLA: COMPANY SNAPSHOT
FIGURE 34 BYD COMPANY LIMITED: COMPANY SNAPSHOT
FIGURE 35 EGUANA TECHNOLOGIES: COMPANY SNAPSHOT
FIGURE 36 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
FIGURE 37 SIEMENS: COMPANY SNAPSHOT
FIGURE 38 HUAWEI: COMPANY SNAPSHOT
FIGURE 39 EATON: COMPANY SNAPSHOT
FIGURE 40 LG CHEM: COMPANY SNAPSHOT
FIGURE 41 TABUCHI ELECTRIC: COMPANY SNAPSHOT
FIGURE 42 SMA SOLAR TECHNOLOGY: COMPANY SNAPSHOT
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Residential Energy Storage Market by Power Rating (3–6 kW & 6–10 kW), Connectivity (On-Grid & Off-Grid), Technology (Lead–Acid & Lithium-Ion), Ownership (Customer, Utility, & Third-Party), Operation (Standalone & Solar), Region - Global Forecast to 2024
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