Product Code: MCP22702
Abstract:
Global Residential Energy Storage Market to Reach $26.4 Billion by 2027
Amid the COVID-19 crisis, the global market for Residential Energy Storage estimated at US$7.5 Billion in the year 2020, is projected to reach a revised size of US$26.4 Billion by 2027, growing at aCAGR of 19.7% over the period 2020-2027. 3-6 kW, one of the segments analyzed in the report, is projected to record 20.2% CAGR and reach US$19.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the 7-10 kW segment is readjusted to a revised 18.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.2 Billion, While China is Forecast to Grow at 19.3% CAGR
The Residential Energy Storage market in the U.S. is estimated at US$2.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.6 Billion by the year 2027 trailing a CAGR of 19.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.7% and 16.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.7% CAGR.
Select Competitors (Total 35 Featured) -
- ABB Ltd.
- BYD Co. Ltd.
- Eaton
- Eguana Technologies
- Huawei
- LG Chem Ltd.
- Samsung SDI Co. Ltd.
- Schneider Electric
- Siemens AG
- SMA Solar Technology
- Tabuchi Electric
- Tesla Inc.
TABLE OF CONTENTS
I. METHODOLOGY
II. EXECUTIVE SUMMARY
- 1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- 2. FOCUS ON SELECT PLAYERS
- 3. MARKET TRENDS & DRIVERS
- 4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: World Current & Future Analysis for Residential Energy Storage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- TABLE 2: World 7-Year Perspective for Residential Energy Storage by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020 & 2027
- TABLE 3: World Current & Future Analysis for 3-6 kW by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- TABLE 4: World 7-Year Perspective for 3-6 kW by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- TABLE 5: World Current & Future Analysis for 7-10 kW by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- TABLE 6: World 7-Year Perspective for 7-10 kW by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- TABLE 7: World Current & Future Analysis for Lithium-Ion by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- TABLE 8: World 7-Year Perspective for Lithium-Ion by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- TABLE 9: World Current & Future Analysis for Lead-Acid by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- TABLE 10: World 7-Year Perspective for Lead-Acid by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- TABLE 11: World Current & Future Analysis for Customer Owned by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- TABLE 12: World 7-Year Perspective for Customer Owned by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- TABLE 13: World Current & Future Analysis for Utility Owned by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- TABLE 14: World 7-Year Perspective for Utility Owned by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- TABLE 15: World Current & Future Analysis for Third-Party Owned by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- TABLE 16: World 7-Year Perspective for Third-Party Owned by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
III. MARKET ANALYSIS
- UNITED STATES
- TABLE 17: USA Current & Future Analysis for Residential Energy Storage by Power Rating - 3-6 kW and 7-10 kW - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 18: USA 7-Year Perspective for Residential Energy Storage by Power Rating - Percentage Breakdown of Value Sales for 3-6 kW and 7-10 kW for the Years 2020 & 2027
- TABLE 19: USA Current & Future Analysis for Residential Energy Storage by Technology - Lithium-Ion and Lead-Acid - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 20: USA 7-Year Perspective for Residential Energy Storage by Technology - Percentage Breakdown of Value Sales for Lithium-Ion and Lead-Acid for the Years 2020 & 2027
- TABLE 21: USA Current & Future Analysis for Residential Energy Storage by Ownership - Customer Owned, Utility Owned and Third-Party Owned - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 22: USA 7-Year Perspective for Residential Energy Storage by Ownership - Percentage Breakdown of Value Sales for Customer Owned, Utility Owned and Third-Party Owned for the Years 2020 & 2027
- CANADA
- TABLE 23: Canada Current & Future Analysis for Residential Energy Storage by Power Rating - 3-6 kW and 7-10 kW - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 24: Canada 7-Year Perspective for Residential Energy Storage by Power Rating - Percentage Breakdown of Value Sales for 3-6 kW and 7-10 kW for the Years 2020 & 2027
- TABLE 25: Canada Current & Future Analysis for Residential Energy Storage by Technology - Lithium-Ion and Lead-Acid - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 26: Canada 7-Year Perspective for Residential Energy Storage by Technology - Percentage Breakdown of Value Sales for Lithium-Ion and Lead-Acid for the Years 2020 & 2027
- TABLE 27: Canada Current & Future Analysis for Residential Energy Storage by Ownership - Customer Owned, Utility Owned and Third-Party Owned - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 28: Canada 7-Year Perspective for Residential Energy Storage by Ownership - Percentage Breakdown of Value Sales for Customer Owned, Utility Owned and Third-Party Owned for the Years 2020 & 2027
- JAPAN
- TABLE 29: Japan Current & Future Analysis for Residential Energy Storage by Power Rating - 3-6 kW and 7-10 kW - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 30: Japan 7-Year Perspective for Residential Energy Storage by Power Rating - Percentage Breakdown of Value Sales for 3-6 kW and 7-10 kW for the Years 2020 & 2027
- TABLE 31: Japan Current & Future Analysis for Residential Energy Storage by Technology - Lithium-Ion and Lead-Acid - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 32: Japan 7-Year Perspective for Residential Energy Storage by Technology - Percentage Breakdown of Value Sales for Lithium-Ion and Lead-Acid for the Years 2020 & 2027
- TABLE 33: Japan Current & Future Analysis for Residential Energy Storage by Ownership - Customer Owned, Utility Owned and Third-Party Owned - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 34: Japan 7-Year Perspective for Residential Energy Storage by Ownership - Percentage Breakdown of Value Sales for Customer Owned, Utility Owned and Third-Party Owned for the Years 2020 & 2027
- CHINA
- TABLE 35: China Current & Future Analysis for Residential Energy Storage by Power Rating - 3-6 kW and 7-10 kW - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 36: China 7-Year Perspective for Residential Energy Storage by Power Rating - Percentage Breakdown of Value Sales for 3-6 kW and 7-10 kW for the Years 2020 & 2027
- TABLE 37: China Current & Future Analysis for Residential Energy Storage by Technology - Lithium-Ion and Lead-Acid - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 38: China 7-Year Perspective for Residential Energy Storage by Technology - Percentage Breakdown of Value Sales for Lithium-Ion and Lead-Acid for the Years 2020 & 2027
- TABLE 39: China Current & Future Analysis for Residential Energy Storage by Ownership - Customer Owned, Utility Owned and Third-Party Owned - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 40: China 7-Year Perspective for Residential Energy Storage by Ownership - Percentage Breakdown of Value Sales for Customer Owned, Utility Owned and Third-Party Owned for the Years 2020 & 2027
- EUROPE
- TABLE 41: Europe Current & Future Analysis for Residential Energy Storage by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- TABLE 42: Europe 7-Year Perspective for Residential Energy Storage by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2020 & 2027
- TABLE 43: Europe Current & Future Analysis for Residential Energy Storage by Power Rating - 3-6 kW and 7-10 kW - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 44: Europe 7-Year Perspective for Residential Energy Storage by Power Rating - Percentage Breakdown of Value Sales for 3-6 kW and 7-10 kW for the Years 2020 & 2027
- TABLE 45: Europe Current & Future Analysis for Residential Energy Storage by Technology - Lithium-Ion and Lead-Acid - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 46: Europe 7-Year Perspective for Residential Energy Storage by Technology - Percentage Breakdown of Value Sales for Lithium-Ion and Lead-Acid for the Years 2020 & 2027
- TABLE 47: Europe Current & Future Analysis for Residential Energy Storage by Ownership - Customer Owned, Utility Owned and Third-Party Owned - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 48: Europe 7-Year Perspective for Residential Energy Storage by Ownership - Percentage Breakdown of Value Sales for Customer Owned, Utility Owned and Third-Party Owned for the Years 2020 & 2027
- FRANCE
- TABLE 49: France Current & Future Analysis for Residential Energy Storage by Power Rating - 3-6 kW and 7-10 kW - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 50: France 7-Year Perspective for Residential Energy Storage by Power Rating - Percentage Breakdown of Value Sales for 3-6 kW and 7-10 kW for the Years 2020 & 2027
- TABLE 51: France Current & Future Analysis for Residential Energy Storage by Technology - Lithium-Ion and Lead-Acid - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 52: France 7-Year Perspective for Residential Energy Storage by Technology - Percentage Breakdown of Value Sales for Lithium-Ion and Lead-Acid for the Years 2020 & 2027
- TABLE 53: France Current & Future Analysis for Residential Energy Storage by Ownership - Customer Owned, Utility Owned and Third-Party Owned - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 54: France 7-Year Perspective for Residential Energy Storage by Ownership - Percentage Breakdown of Value Sales for Customer Owned, Utility Owned and Third-Party Owned for the Years 2020 & 2027
- GERMANY
- TABLE 55: Germany Current & Future Analysis for Residential Energy Storage by Power Rating - 3-6 kW and 7-10 kW - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 56: Germany 7-Year Perspective for Residential Energy Storage by Power Rating - Percentage Breakdown of Value Sales for 3-6 kW and 7-10 kW for the Years 2020 & 2027
- TABLE 57: Germany Current & Future Analysis for Residential Energy Storage by Technology - Lithium-Ion and Lead-Acid - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 58: Germany 7-Year Perspective for Residential Energy Storage by Technology - Percentage Breakdown of Value Sales for Lithium-Ion and Lead-Acid for the Years 2020 & 2027
- TABLE 59: Germany Current & Future Analysis for Residential Energy Storage by Ownership - Customer Owned, Utility Owned and Third-Party Owned - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 60: Germany 7-Year Perspective for Residential Energy Storage by Ownership - Percentage Breakdown of Value Sales for Customer Owned, Utility Owned and Third-Party Owned for the Years 2020 & 2027
- ITALY
- TABLE 61: Italy Current & Future Analysis for Residential Energy Storage by Power Rating - 3-6 kW and 7-10 kW - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 62: Italy 7-Year Perspective for Residential Energy Storage by Power Rating - Percentage Breakdown of Value Sales for 3-6 kW and 7-10 kW for the Years 2020 & 2027
- TABLE 63: Italy Current & Future Analysis for Residential Energy Storage by Technology - Lithium-Ion and Lead-Acid - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 64: Italy 7-Year Perspective for Residential Energy Storage by Technology - Percentage Breakdown of Value Sales for Lithium-Ion and Lead-Acid for the Years 2020 & 2027
- TABLE 65: Italy Current & Future Analysis for Residential Energy Storage by Ownership - Customer Owned, Utility Owned and Third-Party Owned - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 66: Italy 7-Year Perspective for Residential Energy Storage by Ownership - Percentage Breakdown of Value Sales for Customer Owned, Utility Owned and Third-Party Owned for the Years 2020 & 2027
- UNITED KINGDOM
- TABLE 67: UK Current & Future Analysis for Residential Energy Storage by Power Rating - 3-6 kW and 7-10 kW - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 68: UK 7-Year Perspective for Residential Energy Storage by Power Rating - Percentage Breakdown of Value Sales for 3-6 kW and 7-10 kW for the Years 2020 & 2027
- TABLE 69: UK Current & Future Analysis for Residential Energy Storage by Technology - Lithium-Ion and Lead-Acid - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 70: UK 7-Year Perspective for Residential Energy Storage by Technology - Percentage Breakdown of Value Sales for Lithium-Ion and Lead-Acid for the Years 2020 & 2027
- TABLE 71: UK Current & Future Analysis for Residential Energy Storage by Ownership - Customer Owned, Utility Owned and Third-Party Owned - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 72: UK 7-Year Perspective for Residential Energy Storage by Ownership - Percentage Breakdown of Value Sales for Customer Owned, Utility Owned and Third-Party Owned for the Years 2020 & 2027
- REST OF EUROPE
- TABLE 73: Rest of Europe Current & Future Analysis for Residential Energy Storage by Power Rating - 3-6 kW and 7-10 kW - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 74: Rest of Europe 7-Year Perspective for Residential Energy Storage by Power Rating - Percentage Breakdown of Value Sales for 3-6 kW and 7-10 kW for the Years 2020 & 2027
- TABLE 75: Rest of Europe Current & Future Analysis for Residential Energy Storage by Technology - Lithium-Ion and Lead-Acid - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 76: Rest of Europe 7-Year Perspective for Residential Energy Storage by Technology - Percentage Breakdown of Value Sales for Lithium-Ion and Lead-Acid for the Years 2020 & 2027
- TABLE 77: Rest of Europe Current & Future Analysis for Residential Energy Storage by Ownership - Customer Owned, Utility Owned and Third-Party Owned - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 78: Rest of Europe 7-Year Perspective for Residential Energy Storage by Ownership - Percentage Breakdown of Value Sales for Customer Owned, Utility Owned and Third-Party Owned for the Years 2020 & 2027
- ASIA-PACIFIC
- TABLE 79: Asia-Pacific Current & Future Analysis for Residential Energy Storage by Power Rating - 3-6 kW and 7-10 kW - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 80: Asia-Pacific 7-Year Perspective for Residential Energy Storage by Power Rating - Percentage Breakdown of Value Sales for 3-6 kW and 7-10 kW for the Years 2020 & 2027
- TABLE 81: Asia-Pacific Current & Future Analysis for Residential Energy Storage by Technology - Lithium-Ion and Lead-Acid - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 82: Asia-Pacific 7-Year Perspective for Residential Energy Storage by Technology - Percentage Breakdown of Value Sales for Lithium-Ion and Lead-Acid for the Years 2020 & 2027
- TABLE 83: Asia-Pacific Current & Future Analysis for Residential Energy Storage by Ownership - Customer Owned, Utility Owned and Third-Party Owned - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 84: Asia-Pacific 7-Year Perspective for Residential Energy Storage by Ownership - Percentage Breakdown of Value Sales for Customer Owned, Utility Owned and Third-Party Owned for the Years 2020 & 2027
- REST OF WORLD
- TABLE 85: Rest of World Current & Future Analysis for Residential Energy Storage by Power Rating - 3-6 kW and 7-10 kW - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 86: Rest of World 7-Year Perspective for Residential Energy Storage by Power Rating - Percentage Breakdown of Value Sales for 3-6 kW and 7-10 kW for the Years 2020 & 2027
- TABLE 87: Rest of World Current & Future Analysis for Residential Energy Storage by Technology - Lithium-Ion and Lead-Acid - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 88: Rest of World 7-Year Perspective for Residential Energy Storage by Technology - Percentage Breakdown of Value Sales for Lithium-Ion and Lead-Acid for the Years 2020 & 2027
- TABLE 89: Rest of World Current & Future Analysis for Residential Energy Storage by Ownership - Customer Owned, Utility Owned and Third-Party Owned - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 90: Rest of World 7-Year Perspective for Residential Energy Storage by Ownership - Percentage Breakdown of Value Sales for Customer Owned, Utility Owned and Third-Party Owned for the Years 2020 & 2027
IV. COMPETITION
- Total Companies Profiled: 35