Dublin, April 03, 2024 (GLOBE NEWSWIRE) -- The "Residential Energy Storage - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Residential Energy Storage Market to Reach $49.7 Billion by 2030
The global market for Residential Energy Storage estimated at US$12.4 Billion in the year 2023, is projected to reach a revised size of US$49.7 Billion by 2030, growing at a CAGR of 19% over the analysis period 2023-2030.
The report addresses the escalating global energy shortages and their impact on the residential sector, emphasizing the unprecedented growth anticipated for residential energy storage solutions. It explores the future prospects for businesses and markets in light of these energy challenges. The competitive landscape is analyzed through the global key competitors' percentage market share in 2023, along with an assessment of competitive market presence worldwide. The bullish outlook for residential energy storage is discussed, shedding light on its definition, importance, types, and benefits.
3-6 kW Residential Energy Storage, one of the segments analyzed in the report, is projected to record 19.4% CAGR and reach US$36.7 Billion by the end of the analysis period. Growth in the 7-10 Kw Residential Energy Storage segment is estimated at 17.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $4.1 Billion, While China is Forecast to Grow at 22.3% CAGR
The Residential Energy Storage market in the U.S. is estimated at US$4.1 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$8.3 Billion by the year 2030 trailing a CAGR of 22.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.8% and 17.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 17% CAGR.
Exciting New Report Features
- Full access to influencer engagement stats
- Free access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
- Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
- Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
- Complimentary report updates for one year
- Competitor coverage with global market shares of major players
- Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
- Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes
MARKET OVERVIEW
- As Global Energy Shortages Blow Stronger, Residential Energy Storage Solutions Are Poised to Witness Unprecedented Growth
- What's Ahead for Businesses & Markets?
- Competition
- Residential Energy Storage - Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Here's Why the Outlook for Residential Energy Storage is Bullish
- Residential Energy Storage - Definition, Importance, Types & Benefits
- World Brands
- Recent Market Activity
MARKET TRENDS & DRIVERS
- Growth in the Lithium-Ion Technology Segment to Outpace Other Rival Technologies Over the Forecast Period. Here's Why
- Falling Prices Make Lithium Ion the Preferred Technology for Residential Energy Storage: Global Weighted Average Price of Lithium Ion Battery Across All Sectors: 2014-2020
- Developments in Battery Management ICs Make Battery Based Residential Energy Storage Systems More Safer & Reliable
- A Strong Battery Management IC Market Hints at the Effervescent Activity in this Space: Global Market for Battery Management ICs (In US$ Million) for Years 2022, 2024 and 2026
- Growing Interest in Using Renewable Energy in Homes to Benefit Demand for Residential Energy Storage
- Growing Share of Primary Energy from Low Carbon Sources Bodes Well for Cost Effective Ways to Store Renewable Energy at Home: Global % Share of Primary Energy from Low Carbon Sources
- Here's Why Energy Storage is Vital for Renewable Energy Be It in Industrial or Residential Spaces
- Sodium Ion Batteries, the Next Big Thing in Solar Storage in Homes
FOCUS ON SELECT PLAYERS(Total 103 Featured)
- ABB Ltd.
- Eaton Corporation PLC
- Delta Electronics, Inc.
- BYD Co., Ltd.
- Enphase Energy, Inc.
- Diamond Electric Mfg. Co., Ltd.
- Eguana Technologies, Inc.
- Echogen Power Systems LLC
- Contemporary Amperex Technology Co., Limited
- Envision Group
- EnergySage
- AZELIO AB
- Enapter Srl
- Electriq Power
- Balqon Corporation
For more information about this report visit https://www.researchandmarkets.com/r/i7jmm2
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