Residential Energy Storage Systems Market Growth Opportunities in the Global Regions: 2024 Forecast for Manufacturers, Types, and Application

    In February 2023, the Standardization Administration of China and the National Energy Administration issued the Guidelines on the Construction of New Energy Storage Standard System, which included 205 new energy storage standards. In the 14th Five-Year Plan and the 2035 Vision Target Outline, the energy storage industry, energy storage capacity, energy storage projects have been made requirements. In 2021, China issued the Guiding Opinions on Accelerating the Development of New Energy Storage, which specified a clear path for the development of energy storage industry. According to the data of CEC, the cumulative installed capacity of electrochemical energy storage power stations that put into operation was mainly distributed in the power side, and the total energy is 6.80 GWh, which accounted for 48.40% by the end of 2022.

    According to CNESA, by the end of 2022, the cumulative installed capacity of power energy storage projects which has put into operation in the world was 237.2GW, with an annual growth rate of 15%. The cumulative installed capacity of new energy storage reached 45.7GW, which has nearly twice of the same period last year, with an annual growth rate of 80%. The lithium-ion battery occupied an absolute dominant position, with an annual growth rate of more than 85%. The global energy storage market developed rapidly, and the installed capacity of new power energy storage projects is 30.7GW, with a year-on-year growth of 98%. China, Europe and the United States continued to lead the development of the global energy storage market, collectively accounting for 86% of the global market.

    According to CNESA statistics, by the end of 2022, the total installed capacity of power energy storage projects put into operation in China was 59.8GW, accounting for 25% of the total global market scale, with an annual growth rate of 38%. The cumulative installed capacity of new energy storage exceeded 10GW for the first time, reaching 13.1GW / 27.1, GWh. And the annual growth rate of power scale reached 128%, while the annual growth rate of energy scale reached 141%. The installed capacity of newly added power energy storage projects in China reached 16.5GW for the first time, among which the new capacity of pumped storage was 9.1GW. Among the new energy storage, lithium-ion battery occupied an absolute dominant position, accounting for 129%.

A 2024 latest Report by QYResearch offers on -“Residential Energy Storage Systems - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030” provides an extensive examination of Residential Energy Storage Systems market attributes, size assessments, and growth projections through segmentation, regional analyses, and country-specific insights, alongside a scrutiny of the competitive landscape, player market shares, and essential business strategies.

The research report encompasses a comprehensive analysis of the factors that affect the growth of the market. It includes an evaluation of trends, restraints, and drivers that influence the market positively or negatively. The report also outlines the potential impact of different segments and applications on the market in the future. The information presented is based on historical milestones and current trends, providing a detailed analysis of the production volume for each type from 2017 to 2030, as well as the production volume by region during the same period.

This inquiry delivers a thorough perspective with valuable insights, accentuating noteworthy outcomes in the industry. These insights empower corporate leaders to formulate improved business strategies and make more astute decisions, ultimately enhancing profitability. Furthermore, the study assists private or venture participants in gaining a deep understanding of businesses, enabling them to make well-informed choices.

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The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The Residential Energy Storage Systems market is segmented as below:

By Company

    Tesla

    Orison Corporation

    Panasonic

    Mercedes-Benz

    Nissan

    Sonnen Corporation

    Sunverge Energy

    Ceres Power Holdings

    Solomon Technologies

    Yanmar

Segment by Type

    Lead Acid Batteries

    Lithium Ion Batteries

    Other

Segment by Application

    Residential Apartments

    Private Villas

    Other

The Residential Energy Storage Systems report is compiled with a thorough and dynamic research methodology.

The report offers a complete picture of the competitive scenario of Residential Energy Storage Systems market.

It comprises vast amount of information about the latest technology and product developments in the Residential Energy Storage Systems industry.

The extensive range of analyses associates with the impact of these improvements on the future of Residential Energy Storage Systems industry growth.

The Residential Energy Storage Systems report has combined the required essential historical data and analysis in the comprehensive research report.

The insights in the Residential Energy Storage Systems report can be easily understood and contains a graphical representation of the figures in the form of bar graphs, statistics, and pie charts, etc.

Each chapter of the report provides detailed information for readers to further understand the Residential Energy Storage Systems market:

Chapter 1- Executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Chapter 2- Detailed analysis of Residential Energy Storage Systems manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.

Chapter 3- Sales, revenue of Residential Energy Storage Systems in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.

Chapter 4- Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Chapter 5,6,7,8,9 - North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.

Chapter 10- Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 11- Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 12 - Analysis of sales channel, distributors and customers.

Chapter 13- Research Findings and Conclusion.

Table of Contents

1 Residential Energy Storage Systems Market Overview

1.1 Residential Energy Storage Systems Product Overview

1.2 Residential Energy Storage Systems Market by Type

1.3 Global Residential Energy Storage Systems Market Size by Type

1.3.1 Global Residential Energy Storage Systems Market Size Overview by Type (2019-2030)

1.3.2 Global Residential Energy Storage Systems Historic Market Size Review by Type (2019-2024)

1.3.3 Global Residential Energy Storage Systems Forecasted Market Size by Type (2025-2030)

1.4 Key Regions Market Size by Type

1.4.1 North America Residential Energy Storage Systems Sales Breakdown by Type (2019-2024)

1.4.2 Europe Residential Energy Storage Systems Sales Breakdown by Type (2019-2024)

1.4.3 Asia-Pacific Residential Energy Storage Systems Sales Breakdown by Type (2019-2024)

1.4.4 Latin America Residential Energy Storage Systems Sales Breakdown by Type (2019-2024)

1.4.5 Middle East and Africa Residential Energy Storage Systems Sales Breakdown by Type (2019-2024)

2 Residential Energy Storage Systems Market Competition by Company

3 Residential Energy Storage Systems Status and Outlook by Region

3.1 Global Residential Energy Storage Systems Market Size and CAGR by Region: 2019 VS 2023 VS 2030

3.2 Global Residential Energy Storage Systems Historic Market Size by Region

3.2.1 Global Residential Energy Storage Systems Sales in Volume by Region (2019-2024)

3.2.2 Global Residential Energy Storage Systems Sales in Value by Region (2019-2024)

3.2.3 Global Residential Energy Storage Systems Sales (Volume & Value), Price and Gross Margin (2019-2024)

3.3 Global Residential Energy Storage Systems Forecasted Market Size by Region

3.3.1 Global Residential Energy Storage Systems Sales in Volume by Region (2025-2030)

3.3.2 Global Residential Energy Storage Systems Sales in Value by Region (2025-2030)

3.3.3 Global Residential Energy Storage Systems Sales (Volume & Value), Price and Gross Margin (2025-2030)

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