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Residential Battery Market Forecasts to 2028 – Global Analysis By Type (Lead-Acid Battery, Lithium-Ion Battery, Sodium-Ion Battery), Operation (Solar, Standalone), Power Rating (6-10 kW, 3-6 kW) and By Geography

August 2021 | 150 pages | ID: R1D09BAD25DFEN
Stratistics Market Research Consulting

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According to Stratistics MRC, the Global Residential Battery market is accounted for $9.87 billion in 2020 and is expected to reach $36.85 billion by 2028 growing at a CAGR of 17.9% during the forecast period. Some of the key factors propelling the market growth include supporting the operational advantages of LI-ion batteries, increasing deployment of solar power generation, rising need for energy storage solutions in the residential sector across the world, and growing adoption of renewable and low cost of lithium-ion batteries. However, short life span of batteries and less efficiency are restricting the market growth.

Residential battery is used to store energy electric energy in the batteries. These are used across various industries; for instance, they are deployed in electric vehicles and also in smart meters. These are found to be extremely useful in remote areas deprived of a stable grid connection. These rooftop solar installations store energy and allow the user to use it in case of power cuts. Similarly, these batteries are also charged using the standard grid connection network and brought to work in cases of power cuts.

By type, the lithium-ion battery segment is expected to grow at a significant rate during the forecast period, due to its capacity-to-weight ratio, high energy density, better performance, decreasing price, high efficiency, higher capacity power packs, more economical, and the emergence of new and exciting markets such as electric vehicle and energy storage systems (ESS) for both commercial and residential applications.

On the basis of geography, Asia Pacific region is estimated to have considerable market growth during the forecast period, owing to increase in demand for continuous electricity supply, recent investments in solar electricity generation, government’s policy and regulatory support, and domestic demand for solar-related equipment through subsidies and installation targets.

Some of the key players in Residential Battery Market include Luminous Power Technologies, Hitachi, Ltd., Samsung SDI Co. Ltd., Amara Raja Batteries Ltd, FIMER SpA, NEC Corp, ABB Ltd, Delta Electronics Ltd., LG Chem Ltd, Generac Holdings,Inc., Tesla Inc, Sonnen GmbH, Siemens AG, Contemporary Amperex Technology Co. Limited, Panasonic Corporation, Tianjin Lishen Battery Joint-Stock Co., Ltd., Eaton, Schneider Electric, and BYD Electronic Company Limited.

Types Covered:
  • Lead-Acid Battery
  • Lithium-Ion Battery
  • Sodium-Ion Battery
Operations Covered:
  • Solar
  • Standalone
Power Ratings Covered:
  • 6-10 kW
  • 3-6 kW
Distribution Channels Covered:
  • Convenience Stores
  • Online Retailers
  • Supermarkets and Hypermarkets
  • Specialist Retailers
Applications Covered:
  • Residential Power Supply
  • Household Appliances
Regions Covered:
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Italy
    • UK
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa
What our report offers:
  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements
Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:
  • Company Profiling
        • Comprehensive profiling of additional market players (up to 3)
        • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
1 EXECUTIVE SUMMARY

2 PREFACE

2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
  2.4.1 Data Mining
  2.4.2 Data Analysis
  2.4.3 Data Validation
  2.4.4 Research Approach
2.5 Research Sources
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions

3 MARKET TREND ANALYSIS

3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 PORTERS FIVE FORCE ANALYSIS

4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 GLOBAL RESIDENTIAL BATTERY MARKET, BY TYPE

5.1 Introduction
5.2 Lead-Acid Battery
5.3 Lithium-Ion Battery
5.4 Sodium-Ion Battery

6 GLOBAL RESIDENTIAL BATTERY MARKET, BY OPERATION

6.1 Introduction
6.2 Solar
6.3 Standalone

7 GLOBAL RESIDENTIAL BATTERY MARKET, BY POWER RATING

7.1 Introduction
7.2 6-10 kW
7.3 3-6 kW

8 GLOBAL RESIDENTIAL BATTERY MARKET, BY DISTRIBUTION CHANNEL

8.1 Introduction
8.2 Convenience Stores
8.3 Online Retailers
8.4 Supermarkets and Hypermarkets
8.5 Specialist Retailers

9 GLOBAL RESIDENTIAL BATTERY MARKET, BY APPLICATION

9.1 Introduction
9.2 Residential Power Supply
9.3 Household Appliances

10 GLOBAL RESIDENTIAL BATTERY MARKET, BY GEOGRAPHY

10.1 Introduction
10.2 North America
  10.2.1 US
  10.2.2 Canada
  10.2.3 Mexico
10.3 Europe
  10.3.1 Germany
  10.3.2 UK
  10.3.3 Italy
  10.3.4 France
  10.3.5 Spain
  10.3.6 Rest of Europe
10.4 Asia Pacific
  10.4.1 Japan
  10.4.2 China
  10.4.3 India
  10.4.4 Australia
  10.4.5 New Zealand
  10.4.6 South Korea
  10.4.7 Rest of Asia Pacific
10.5 South America
  10.5.1 Argentina
  10.5.2 Brazil
  10.5.3 Chile
  10.5.4 Rest of South America
10.6 Middle East & Africa
  10.6.1 Saudi Arabia
  10.6.2 UAE
  10.6.3 Qatar
  10.6.4 South Africa
  10.6.5 Rest of Middle East & Africa

11 KEY DEVELOPMENTS

11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies

12 COMPANY PROFILING

12.1 Luminous Power Technologies
12.2 Hitachi, Ltd.
12.3 Samsung SDI Co. Ltd.
12.4 Amara Raja Batteries Ltd
12.5 FIMER SpA
12.6 NEC Corp
12.7 ABB Ltd
12.8 Delta Electronics Ltd.
12.9 LG Chem Ltd
12.10 Generac Holdings,Inc.
12.11 Tesla Inc
12.12 Sonnen GmbH
12.13 Siemens AG
12.14 Contemporary Amperex Technology Co. Limited
12.15 Panasonic Corporation
12.16 Tianjin Lishen Battery Joint-Stock Co., Ltd.
12.17 Eaton
12.18 Schneider Electric
12.19 BYD Electronic Company Limited

LIST OF TABLES

Table 1 Global Residential Battery Market Outlook, By Region (2019-2028) ($MN) Nissan
Table 2 Global Residential Battery Market Outlook, By Type (2019-2028) ($MN)
Table 3 Global Residential Battery Market Outlook, By Lead-Acid Battery (2019-2028) ($MN)
Table 4 Global Residential Battery Market Outlook, By Lithium-Ion Battery (2019-2028) ($MN)
Table 5 Global Residential Battery Market Outlook, By Sodium-Ion Battery (2019-2028) ($MN)
Table 6 Global Residential Battery Market Outlook, By Operation (2019-2028) ($MN)
Table 7 Global Residential Battery Market Outlook, By Solar (2019-2028) ($MN)
Table 8 Global Residential Battery Market Outlook, By Standalone (2019-2028) ($MN)
Table 9 Global Residential Battery Market Outlook, By Power Rating (2019-2028) ($MN)
Table 10 Global Residential Battery Market Outlook, By 6-10 kW (2019-2028) ($MN)
Table 11 Global Residential Battery Market Outlook, By 3-6 kW (2019-2028) ($MN)
Table 12 Global Residential Battery Market Outlook, By Distribution Channel (2019-2028) ($MN)
Table 13 Global Residential Battery Market Outlook, By Convenience Stores (2019-2028) ($MN)
Table 14 Global Residential Battery Market Outlook, By Online Retailers (2019-2028) ($MN)
Table 15 Global Residential Battery Market Outlook, By Supermarkets and Hypermarkets (2019-2028) ($MN)
Table 16 Global Residential Battery Market Outlook, By Specialist Retailers (2019-2028) ($MN)
Table 17 Global Residential Battery Market Outlook, By Application (2019-2028) ($MN)
Table 18 Global Residential Battery Market Outlook, By Residential Power Supply (2019-2028) ($MN)
Table 19 Global Residential Battery Market Outlook, By Household Appliances (2019-2028) ($MN)
Table 20 North America Residential Battery Market Outlook, By Country (2019-2028) ($MN)
Table 21 North America Residential Battery Market Outlook, By Type (2019-2028) ($MN)
Table 22 North America Residential Battery Market Outlook, By Lead-Acid Battery (2019-2028) ($MN)
Table 23 North America Residential Battery Market Outlook, By Lithium-Ion Battery (2019-2028) ($MN)
Table 24 North America Residential Battery Market Outlook, By Sodium-Ion Battery (2019-2028) ($MN)
Table 25 North America Residential Battery Market Outlook, By Operation (2019-2028) ($MN)
Table 26 North America Residential Battery Market Outlook, By Solar (2019-2028) ($MN)
Table 27 North America Residential Battery Market Outlook, By Standalone (2019-2028) ($MN)
Table 28 North America Residential Battery Market Outlook, By Power Rating (2019-2028) ($MN)
Table 29 North America Residential Battery Market Outlook, By 6-10 kW (2019-2028) ($MN)
Table 30 North America Residential Battery Market Outlook, By 3-6 kW (2019-2028) ($MN)
Table 31 North America Residential Battery Market Outlook, By Distribution Channel (2019-2028) ($MN)
Table 32 North America Residential Battery Market Outlook, By Convenience Stores (2019-2028) ($MN)
Table 33 North America Residential Battery Market Outlook, By Online Retailers (2019-2028) ($MN)
Table 34 North America Residential Battery Market Outlook, By Supermarkets and Hypermarkets (2019-2028) ($MN)
Table 35 North America Residential Battery Market Outlook, By Specialist Retailers (2019-2028) ($MN)
Table 36 North America Residential Battery Market Outlook, By Application (2019-2028) ($MN)
Table 37 North America Residential Battery Market Outlook, By Residential Power Supply (2019-2028) ($MN)
Table 38 North America Residential Battery Market Outlook, By Household Appliances (2019-2028) ($MN)
Table 39 Europe Residential Battery Market Outlook, By Country (2019-2028) ($MN)
Table 40 Europe Residential Battery Market Outlook, By Type (2019-2028) ($MN)
Table 41 Europe Residential Battery Market Outlook, By Lead-Acid Battery (2019-2028) ($MN)
Table 42 Europe Residential Battery Market Outlook, By Lithium-Ion Battery (2019-2028) ($MN)
Table 43 Europe Residential Battery Market Outlook, By Sodium-Ion Battery (2019-2028) ($MN)
Table 44 Europe Residential Battery Market Outlook, By Operation (2019-2028) ($MN)
Table 45 Europe Residential Battery Market Outlook, By Solar (2019-2028) ($MN)
Table 46 Europe Residential Battery Market Outlook, By Standalone (2019-2028) ($MN)
Table 47 Europe Residential Battery Market Outlook, By Power Rating (2019-2028) ($MN)
Table 48 Europe Residential Battery Market Outlook, By 6-10 kW (2019-2028) ($MN)
Table 49 Europe Residential Battery Market Outlook, By 3-6 kW (2019-2028) ($MN)
Table 50 Europe Residential Battery Market Outlook, By Distribution Channel (2019-2028) ($MN)
Table 51 Europe Residential Battery Market Outlook, By Convenience Stores (2019-2028) ($MN)
Table 52 Europe Residential Battery Market Outlook, By Online Retailers (2019-2028) ($MN)
Table 53 Europe Residential Battery Market Outlook, By Supermarkets and Hypermarkets (2019-2028) ($MN)
Table 54 Europe Residential Battery Market Outlook, By Specialist Retailers (2019-2028) ($MN)
Table 55 Europe Residential Battery Market Outlook, By Application (2019-2028) ($MN)
Table 56 Europe Residential Battery Market Outlook, By Residential Power Supply (2019-2028) ($MN)
Table 57 Europe Residential Battery Market Outlook, By Household Appliances (2019-2028) ($MN)
Table 58 Asia Pacific Residential Battery Market Outlook, By Country (2019-2028) ($MN)
Table 59 Asia Pacific Residential Battery Market Outlook, By Type (2019-2028) ($MN)
Table 60 Asia Pacific Residential Battery Market Outlook, By Lead-Acid Battery (2019-2028) ($MN)
Table 61 Asia Pacific Residential Battery Market Outlook, By Lithium-Ion Battery (2019-2028) ($MN)
Table 62 Asia Pacific Residential Battery Market Outlook, By Sodium-Ion Battery (2019-2028) ($MN)
Table 63 Asia Pacific Residential Battery Market Outlook, By Operation (2019-2028) ($MN)
Table 64 Asia Pacific Residential Battery Market Outlook, By Solar (2019-2028) ($MN)
Table 65 Asia Pacific Residential Battery Market Outlook, By Standalone (2019-2028) ($MN)
Table 66 Asia Pacific Residential Battery Market Outlook, By Power Rating (2019-2028) ($MN)
Table 67 Asia Pacific Residential Battery Market Outlook, By 6-10 kW (2019-2028) ($MN)
Table 68 Asia Pacific Residential Battery Market Outlook, By 3-6 kW (2019-2028) ($MN)
Table 69 Asia Pacific Residential Battery Market Outlook, By Distribution Channel (2019-2028) ($MN)
Table 70 Asia Pacific Residential Battery Market Outlook, By Convenience Stores (2019-2028) ($MN)
Table 71 Asia Pacific Residential Battery Market Outlook, By Online Retailers (2019-2028) ($MN)
Table 72 Asia Pacific Residential Battery Market Outlook, By Supermarkets and Hypermarkets (2019-2028) ($MN)
Table 73 Asia Pacific Residential Battery Market Outlook, By Specialist Retailers (2019-2028) ($MN)
Table 74 Asia Pacific Residential Battery Market Outlook, By Application (2019-2028) ($MN)
Table 75 Asia Pacific Residential Battery Market Outlook, By Residential Power Supply (2019-2028) ($MN)
Table 76 Asia Pacific Residential Battery Market Outlook, By Household Appliances (2019-2028) ($MN)
Table 77 South America Residential Battery Market Outlook, By Country (2019-2028) ($MN)
Table 78 South America Residential Battery Market Outlook, By Type (2019-2028) ($MN)
Table 79 South America Residential Battery Market Outlook, By Lead-Acid Battery (2019-2028) ($MN)
Table 80 South America Residential Battery Market Outlook, By Lithium-Ion Battery (2019-2028) ($MN)
Table 81 South America Residential Battery Market Outlook, By Sodium-Ion Battery (2019-2028) ($MN)
Table 82 South America Residential Battery Market Outlook, By Operation (2019-2028) ($MN)
Table 83 South America Residential Battery Market Outlook, By Solar (2019-2028) ($MN)
Table 84 South America Residential Battery Market Outlook, By Standalone (2019-2028) ($MN)
Table 85 South America Residential Battery Market Outlook, By Power Rating (2019-2028) ($MN)
Table 86 South America Residential Battery Market Outlook, By 6-10 kW (2019-2028) ($MN)
Table 87 South America Residential Battery Market Outlook, By 3-6 kW (2019-2028) ($MN)
Table 88 South America Residential Battery Market Outlook, By Distribution Channel (2019-2028) ($MN)
Table 89 South America Residential Battery Market Outlook, By Convenience Stores (2019-2028) ($MN)
Table 90 South America Residential Battery Market Outlook, By Online Retailers (2019-2028) ($MN)
Table 91 South America Residential Battery Market Outlook, By Supermarkets and Hypermarkets (2019-2028) ($MN)
Table 92 South America Residential Battery Market Outlook, By Specialist Retailers (2019-2028) ($MN)
Table 93 South America Residential Battery Market Outlook, By Application (2019-2028) ($MN)
Table 94 South America Residential Battery Market Outlook, By Residential Power Supply (2019-2028) ($MN)
Table 95 South America Residential Battery Market Outlook, By Household Appliances (2019-2028) ($MN)
Table 96 Middle East & Africa Residential Battery Market Outlook, By Country (2019-2028) ($MN)
Table 97 Middle East & Africa Residential Battery Market Outlook, By Type (2019-2028) ($MN)
Table 98 Middle East & Africa Residential Battery Market Outlook, By Lead-Acid Battery (2019-2028) ($MN)
Table 99 Middle East & Africa Residential Battery Market Outlook, By Lithium-Ion Battery (2019-2028) ($MN)
Table 100 Middle East & Africa Residential Battery Market Outlook, By Sodium-Ion Battery (2019-2028) ($MN)
Table 101 Middle East & Africa Residential Battery Market Outlook, By Operation (2019-2028) ($MN)
Table 102 Middle East & Africa Residential Battery Market Outlook, By Solar (2019-2028) ($MN)
Table 103 Middle East & Africa Residential Battery Market Outlook, By Standalone (2019-2028) ($MN)
Table 104 Middle East & Africa Residential Battery Market Outlook, By Power Rating (2019-2028) ($MN)
Table 105 Middle East & Africa Residential Battery Market Outlook, By 6-10 kW (2019-2028) ($MN)
Table 106 Middle East & Africa Residential Battery Market Outlook, By 3-6 kW (2019-2028) ($MN)
Table 107 Middle East & Africa Residential Battery Market Outlook, By Distribution Channel (2019-2028) ($MN)
Table 108 Middle East & Africa Residential Battery Market Outlook, By Convenience Stores (2019-2028) ($MN)
Table 109 Middle East & Africa Residential Battery Market Outlook, By Online Retailers (2019-2028) ($MN)
Table 110 Middle East & Africa Residential Battery Market Outlook, By Supermarkets and Hypermarkets (2019-2028) ($MN)
Table 111 Middle East & Africa Residential Battery Market Outlook, By Specialist Retailers (2019-2028) ($MN)
Table 112 Middle East & Africa Residential Battery Market Outlook, By Application (2019-2028) ($MN)
Table 113 Middle East & Africa Residential Battery Market Outlook, By Residential Power Supply (2019-2028) ($MN)
Table 114 Middle East & Africa Residential Battery Market Outlook, By Household Appliances (2019-2028) ($MN)


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