Residential Energy Storage Market

Residential Energy Storage Market by Power Rating (3-6 kW, 6-10 kW, 10-20 kW), Connectivity (On-Grid, Off-Grid), Technology (Lead-Acid, Lithium-Ion), Ownership (Customer, Utility, Third-Party), Operation (Standalone, Solar), Region - Forecast to 2027

Report Code: EP 7069 Oct, 2022, by marketsandmarkets.com

[271 Pages Report] The global residential energy storage market is estimated to be valued at USD 719 million in 2022 and is projected to reach USD 1,828 million by 2027 growing at a CAGR of 20.5%. The factors driving the market include the consolidating trend of digitalizing oilfield communications.

Residential Energy Storage Market

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Market Trends

Residential Energy Storage Market Size, and Share

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Market Dynamics

Driver: Significant demand for electric vehicles

The rising demand for electric vehicles and growing deployment of virtual power plants boost the growth of the energy storage market. Electric vehicles, being a major area of application, may lead to the widespread adoption of energy storage solutions in the residential sector. The growing use of electric vehicles in Europe and North America fuels the need for energy storage systems.

In the grid services market, solar-battery-EV systems currently compete on an unlevel playing field. The grid services market provides incentives for electricity generation and storage, which helps balance network demand and supply in real time. Currently, these markets unfairly benefit large, conventional power plants, for example, through codes that make certifying small energy assets expensive. EVs can become a critical source of grid stability in the coming years as a massive, and largely idle, grid-connected energy source. For instance, in the UK, some battery providers, such as Moixa (UK) and PowerVault (US), pay household consumers an annual fee for granting access to their batteries for the sale of aggregated grid management services.

The increased use of electric vehicles has brought a considerable load on the present grid infrastructure. To reduce this load, governments across the world promote electric vehicle owners to install energy storage batteries at home, which can be utilized to charge electric vehicles. The sudden spike in the sales of electric vehicles is one of the major factors contributing to the increased installations of energy storage batteries at homes to charge electric vehicles using off-peak power. Electric vehicles are increasingly used in the US, the UK, the Netherlands, Norway, and China. Thus, the strong focus on establishing a battery-based charging platform for EVs boosts the growth of the residential energy storage market.

Restraints: High initial investment

Currently, the adoption of battery-powered energy storage systems is limited owing to the high capital expenditure requirements. Capital expenses include the costs spent on raw materials, material processing and system manufacturing, and plant operations, among several others. Raw materials account for nearly 75% of the battery pack price, while the manufacturing and other expenses account for 25% of the remaining cost.

The installation cost of residential grid-connected solar panels paired with lithium-ion batteries varies from USD 7,000 to  USD 14,000. Small-capacity lead-acid batteries are available for USD 200, but they are typically used as emergency backup power for RVs (recreational vehicle). Although the price of solar batteries has decreased recently, they are still quite expensive, and the majority of customers have limited funds. Although, solar batteries qualify for the 30% federal tax credit for solar energy and some states offer additional incentives for solar batteries, the overall capital investment is significantly high, restricting adoption of energy storage systems by residential users

Opportunities: Increasing installation of solar PV modules

During an outage, solar PV modules and energy storage systems can provide backup power. They can keep critical facilities running to ensure that essential services, such as communications, charging of the devices (mobile phones, laptop), during summer AC,  remain available. Microgrids and small-scale applications such as mobile or portable power units can also benefit from solar and storage systems. Solar PV is the important part of the solar and storage systems. The rising demand for solar PV systems can be attributed to the accelerated adoption of residential energy storage systems to save energy bills, supportive governments policies, and ensure constant power supply in case of power outages.

Residential PV installations are gaining popularity as a result of favorable government policies and funding. In 2020, China made bidding of 9 to 10 GW of installed solar PV capacity projects for residential applications online. The market for solar PV modules witnessed twofold growth in 2020 in comparison with 2019 as developers rushed to capitalize on the generous fit scheme that was expected to be expired in 2021. Residential PV in Europe maintains steady growth, led by self-consumption in Germany and net metering in the Netherlands and Poland.

Challenges: Aging of lithium-ion batteries

Despite remarkable recent developments and improvements, lithium-ion battery technology has a significant flaw of aging. Lithium-ion cells age with time and usage, reducing energy storage capability. Battery cell deterioration is noticeable in mobile phones and laptops. While such deterioration is an inconvenience in portable devices, it is a serious issue for electric vehicles. Cell aging directly reduces the available range in electric vehicles.

Lithium-ion cells will always age due to innate chemical reactions between the negative electrode and electrolyte. The rate at which aging occurs is a complex relationship between cell usage and cell design. Certain factors increase the rate of aging, such as storing at full charge for long periods, applying high charge currents, charging at low temperatures, storing or using cells at high charge currents, and cycling cells in the extremes of their operating voltage range. Currently, there is no solution to ensure an acceptable battery life in all conditions; this can only be achieved through further improvements in cell design, battery pack construction, and usage optimization, in conjunction with gaining a more thorough understanding of the fundamental aging mechanisms of emerging cell chemistries.

By technology, the lithium-ion segment is expected to grow at the fastest rate during the forecast period.

The lithium-ion technology is expected to grow at the fastest rate from 2022 to 2027, have higher energy density than lead-acid batteries, drives the growth of lithium-ion segment during the forecasted period.

By power rating, the 6 to <10 kW segment is expected to hold the largest share during the forecast period.

By 6 to <10 kW segment is expected to continue to hold the largest share. The growth of the 6 to <10 kW segment is driven largely due to unreliable grids and long-duration power outages in developing countries of Asia Pacific and Africa.

By ownership type, customer-owned segment is expected to grow the fastest, during the forecast period.

By ownership type, the residential energy storage market has been segmented into customer-owned, utility-owned and third-party-owned. The high growth rate of the customer-owned segment can be attributed to resolve issues of overvoltage and imbalance of energy supply and demand.

Europe is expected to be the largest market during the forecast period.

Europe is expected to be the largest and the fastest growing region in the residential energy storage market, during the forecast period. The growth of the European residential energy storage market is characterized by means to decrease dependency from volatile electricity prices and to make better use of self-produced green energy to augment growth of residential energy storage market.

Residential Energy Storage Market Size, and Share

Key Market Players

The major players in the global residential energy storage market are Tesla (US), Panasonic Holdings Corporation (Japan), Sonnen GmbH (Germany), VARTA AG (Germany) and Enphase Energy (US).

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Scope of the Report

Report Metric

Details

Market size available for years

2020–2027

Base year considered

2021

Forecast period

2022–2027

Forecast units

Value (USD Million)

Segments covered

Technology, power rating, connectivity type, ownership type, operation type and region

Geographies covered

North America, Europe, Asia Pacific, South America and Middle East & Africa.

Companies covered

Tesla (US), Panasonic Holdings Corporation (Japan), BYD Company Ltd (China), Enphase Energy (US), Sonnen GmbH (Germany), VARTA AG (Germany), Delta Electronics, Inc. (Taiwan), Huawei Technologies Co., Ltd. (China), Eaton (Ireland), SMA Solar Technology AG (Germany), LG Energy Solution (South Korea), GoodWe (China), E3/DC (Germany), Alpha ESS Co., Ltd (China), RCT–Power (Germany), SOLARWATT (Germany), SENEC (Germany), Shanghai PYTES Energy Co., Ltd (China), Pylon Technologies, Co. Ltd (China), Victron Energy (Netherlands), Dyness (China), TESVOLT AG (Germany), Turbo Energy – Solar Innovation (Spain), BST POWER (SHENZHEN) LIMITED (China), WeCo srl (Italy), Powervault (UK),

This research report categorizes the residential energy storage market by technology, power rating, connectivity type, ownership type, operation type and region.

On the basis of by technology, the residential energy storage market has been segmented as follows:
  • Lead-acid
  • Lithium-ion
On the basis of by utility, the residential energy storage market has been segmented as follows:
  • 3 kW to <6 kW
  • 6 kW to <10 kW
  • 10 kW to 29 kW
On the basis of by connectivity type, the residential energy storage market has been segmented as follows:
  • On-grid
  • Off-grid
On the basis of by ownership type, the residential energy storage market has been segmented as follows:
  • Customer-owned
  • Utility-owned
  • Third-party owned
On the basis of by operation type, the residential energy storage market has been segmented as follows:
  • Standalone Systems
  • Solar and Storage System
On the basis of region, the residential energy storage market has been segmented as follows:
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

Recent Developments

  • In September 2022, BYD Company partnered with Victron Energy to find out compatibility BYD Premium LVL / LVS and Victron inverters/chargers which was successfully completed.
  • In August 2022, Tesla partnered with Green Mountain Power (GMP) for the deployment of Powerwalls, Tesla’s home battery pack, in a decentralized way with electric utilities. The relatively small electric utility operating in Vermont was one of the earliest adopters of Tesla Powerwall.
  • In August 2022, Huawei Digital Power and Pinggao Group Co., Ltd have signed a Memorandum of Understanding (MoU) to strengthen their cooperation in the supply of innovative and reliable Huawei string inverters for PV plants in Balkan countries such as Greece, Bulgaria, and North Macedonia.
  • In February 2022, Enphase Energy announced a partnership with Swell Energy that, Enphase Energy Systems powered by IQTM Microinverters and IQTM Batteries will be able to participate in Swell's distributed, virtual power plant (VPP) programs in California, New York, and Hawaii as a result of the collaboration.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 40)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
    1.3 INCLUSIONS AND EXCLUSIONS
    1.4 STUDY SCOPE
           1.4.1 RESIDENTIAL ENERGY STORAGE MARKET SEGMENTATION
           1.4.2 REGIONAL SCOPE
           1.4.3 YEARS CONSIDERED
    1.5 CURRENCY CONSIDERED
    1.6 LIMITATIONS
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 45)
    2.1 RESEARCH DATA
           FIGURE 1 RESIDENTIAL ENERGY STORAGE MARKET: RESEARCH DESIGN
    2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 2 DATA TRIANGULATION METHODOLOGY
           2.2.1 SECONDARY DATA
                    2.2.1.1 Key data from secondary sources
           2.2.2 PRIMARY DATA
                    2.2.2.1 Key data from primary sources
                    2.2.2.2 Breakdown of primaries
                               FIGURE 3 BREAKDOWN OF PRIMARIES: BY COMPANY, DESIGNATION, AND REGION
    2.3 MARKET SIZE ESTIMATION
           2.3.1 BOTTOM-UP APPROACH
                    FIGURE 4 RESIDENTIAL ENERGY STORAGE MARKET: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    FIGURE 5 RESIDENTIAL ENERGY STORAGE MARKET: TOP-DOWN APPROACH
           2.3.3 DEMAND-SIDE METRICS
                    FIGURE 6 RESIDENTIAL ENERGY STORAGE MARKET: DEMAND-SIDE ANALYSIS
                    FIGURE 7 METRICS CONSIDERED FOR ANALYZING AND ASSESSING DEMAND FOR RESIDENTIAL ENERGY STORAGE SYSTEMS
                    2.3.3.1 Assumptions for demand-side analysis
                    2.3.3.2 Calculations
           2.3.4 SUPPLY-SIDE ANALYSIS
                    FIGURE 8 KEY METRICS CONSIDERED FOR ASSESSING SUPPLY OF RESIDENTIAL ENERGY STORAGE
                    FIGURE 9 RESIDENTIAL ENERGY STORAGE MARKET: SUPPLY-SIDE ANALYSIS
                    2.3.4.1 Assumptions and calculations
                               FIGURE 10 COMPANY REVENUE ANALYSIS, 2021
           2.3.5 FORECAST

3 EXECUTIVE SUMMARY (Page No. - 56)
    TABLE 1 RESIDENTIAL ENERGY STORAGE MARKET SNAPSHOT
    FIGURE 11 6 TO <10 KW SEGMENT TO ACCOUNT FOR LARGEST SHARE OF RESIDENTIAL ENERGY STORAGE MARKET, BY POWER RATING, THROUGHOUT FORECAST PERIOD
    FIGURE 12 LITHIUM-ION BATTERY-POWERED RESIDENTIAL ENERGY STORAGE SYSTEMS TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD
    FIGURE 13 CUSTOMER-OWNED SEGMENT TO LEAD RESIDENTIAL ENERGY STORAGE MARKET, BY OWNERSHIP TYPE, DURING FORECAST PERIOD
    FIGURE 14 SOLAR AND STORAGE SYSTEMS TO COMMAND RESIDENTIAL ENERGY STORAGE MARKET, BY OPERATION TYPE, DURING FORECAST PERIOD
    FIGURE 15 ON-GRID RESIDENTIAL ENERGY STORAGE SYSTEMS TO CAPTURE LARGER MARKET SHARE IN 2027
    FIGURE 16 EUROPE DOMINATED RESIDENTIAL ENERGY STORAGE MARKET IN 2021

4 PREMIUM INSIGHTS (Page No. - 61)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN RESIDENTIAL ENERGY STORAGE MARKET
           FIGURE 17 DECLINING COSTS OF LITHIUM-ION BATTERIES TO DRIVE RESIDENTIAL ENERGY STORAGE MARKET GROWTH IN COMING YEARS
    4.2 RESIDENTIAL ENERGY STORAGE MARKET, BY REGION
           FIGURE 18 ASIA PACIFIC TO WITNESS HIGHEST GROWTH IN RESIDENTIAL ENERGY STORAGE MARKET DURING FORECAST PERIOD
    4.3 RESIDENTIAL ENERGY STORAGE, BY POWER RATING
           FIGURE 19 6 TO <10 KW SEGMENT DOMINATED RESIDENTIAL ENERGY STORAGE MARKET IN 2021
    4.4 RESIDENTIAL ENERGY STORAGE MARKET, BY OWNERSHIP TYPE
           FIGURE 20 CUSTOMER-OWNED RESIDENTIAL ENERGY STORAGE SYSTEMS HELD LARGEST MARKET SHARE IN 2021
    4.5 RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE
           FIGURE 21 ON-GRID SEGMENT ACCOUNTED FOR LARGER MARKET SHARE THAN OFF-GRID SEGMENT IN 2021
    4.6 RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY
           FIGURE 22 LITHIUM-ION TECHNOLOGY ACCOUNTED FOR LARGER MARKET SHARE THAN LEAD-ACID TECHNOLOGY IN 2021
    4.7 RESIDENTIAL ENERGY STORAGE MARKET, BY OPERATION TYPE
           FIGURE 23 SOLAR AND STORAGE SYSTEMS HELD LARGER MARKET  SHARE THAN STANDALONE SYSTEMS IN 2021

5 MARKET OVERVIEW (Page No. - 65)
    5.1 INTRODUCTION
           5.1.1 DRIVERS
                    5.1.1.1 Government initiatives pertaining to energy storage projects
                    5.1.1.2 Significant demand for electric vehicles
                               FIGURE 24 GLOBAL ELECTRIC VEHICLE SALES AND MARKET SHARE, 2018–2021
                    5.1.1.3 Increased investments in R&D of lithium-ion batteries
                               FIGURE 25 DECLINING COST OF LITHIUM-ION BATTERIES (2012–2020)
           5.1.2 RESTRAINTS
                    5.1.2.1 Lack of battery disposal and recycling standards
                    5.1.2.2 High initial investment
                               TABLE 2 COST OF RESIDENTIAL ENERGY STORAGE SYSTEMS OFFERED BY KEY PLAYERS
           5.1.3 OPPORTUNITIES
                    5.1.3.1 Rising demand for grid energy storage systems
                    5.1.3.2 Increasing installation of solar PV modules
                               FIGURE 26 SOLAR PV INSTALLATION, BY GEOGRAPHY, 2018–2020
           5.1.4 CHALLENGES
                    5.1.4.1 Safety concerns for lithium-ion batteries
                    5.1.4.2 Aging of lithium-ion batteries
    5.2 IMPACT OF COVID-19
    5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
           FIGURE 27 NEW REVENUE POCKETS FOR PROVIDERS OF RESIDENTIAL ENERGY STORAGE SYSTEMS
    5.4 SUPPLY CHAIN ANALYSIS
           FIGURE 28 RESIDENTIAL ENERGY STORAGE MARKET: SUPPLY CHAIN ANALYSIS
           5.4.1 RAW MATERIAL SUPPLIERS
           5.4.2 BATTERY MANUFACTURERS
           5.4.3 SOFTWARE SUPPLIERS
           5.4.4 ENERGY STORAGE SYSTEM SUPPLIERS
    5.5 ECOSYSTEM ANALYSIS
           TABLE 3 RESIDENTIAL ENERGY STORAGE MARKET: ECOSYSTEM
    5.6 TRADE ANALYSIS
           TABLE 4 IMPORT SCENARIO FOR HS CODE: 850650, BY COUNTRY, 2019–2021 (USD)
           FIGURE 29 IMPORT DATA FOR TOP FIVE COUNTRIES, 2017–2021 (USD THOUSAND)
           TABLE 5 EXPORT SCENARIO FOR HS CODE: 850650, BY COUNTRY, 2019–2021 (USD)
           FIGURE 30 EXPORT DATA FOR TOP FIVE COUNTRIES, 2017–2021 (USD THOUSAND)
    5.7 MARKET MAP
           FIGURE 31 RESIDENTIAL ENERGY STORAGE: MARKET MAP
    5.8 TECHNOLOGY ANALYSIS
           5.8.1 LITHIUM-ION
           5.8.2 LEAD-ACID
           5.8.3 TECHNOLOGY ADVACEMENTS
    5.9 KEY CONFERENCES AND EVENTS, 2022–2023
           TABLE 6 RESIDENTIAL ENERGY STORAGE MARKET: LIST OF CONFERENCES AND EVENTS
    5.10 PATENT ANALYSIS
           5.10.1 LIST OF MAJOR PATENTS
                    TABLE 7 RESIDENTIAL ENERGY STORAGE SYSTEM: INNOVATIONS AND PATENT REGISTRATIONS, JUNE 2020–AUGUST 2022
    5.11 PRICING ANALYSIS
           5.11.1 AVERAGE SELLING PRICE OF ENERGY STORAGE SYSTEMS OFFERED BY KEY PLAYERS, BY POWER RATING
           5.11.2 AVERAGE SELLING PRICE TREND
                    FIGURE 32 COST OF RESIDENTIAL ENERGY STORAGE SYSTEMS, 2019–2021
    5.12 TARIFF AND REGULATORY LANDSCAPE
           5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 8 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS
                    TABLE 9 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS
                    TABLE 10 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS
                    TABLE 11 GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS
           5.12.2 STANDARDS AND REGULATIONS
                    TABLE 12 RESIDENTIAL ENERGY STORAGE MARKET: STANDARDS AND REGULATIONS
    5.13 CASE STUDY ANALYSIS
           5.13.1 CMEEC AIMS TO ENERGIZE CUSTOMERS AND ENSURE COMMUNITY PROSPERITY BY PROVIDING LOWER-COST ENERGY SOLUTIONS
                    5.13.1.1 Problem statement
                    5.13.1.2 Solution
           5.13.2 BYD COMPANY LTD. LAUNCHED NEW BATTERY BOX SYSTEM COMPATIBLE WITH ALL PV SOLAR INVERTERS
                    5.13.2.1 Problem statement
                    5.13.2.2 Solution
           5.13.3 E3/DC FULFILLED DEMAND OF HOMEOWNER WHO WANTED TO ACHIEVE 80% OF ENERGY SELF-SUFFICIENCY WITH SOLAR POWER
                    5.13.3.1 Problem statement
                    5.13.3.2 Solution
    5.14 PORTER’S FIVE FORCES ANALYSIS
                    FIGURE 33 RESIDENTIAL ENERGY STORAGE MARKET: PORTER’S FIVE FORCES ANALYSIS
                    TABLE 13 RESIDENTIAL ENERGY STORAGE SYSTEMS: PORTER’S FIVE FORCES ANALYSIS
           5.14.1 THREAT OF NEW ENTRANTS
           5.14.2 BARGAINING POWER OF BUYERS
           5.14.3 BARGAINING POWER OF SUPPLIERS
           5.14.4 THREAT OF SUBSTITUTES
           5.14.5 INTENSITY OF COMPETITIVE RIVALRY
    5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
           5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 34 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY TECHNOLOGY
                    TABLE 14 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF TOP 2 TECHNOLOGIES (%)
           5.15.2 BUYING CRITERIA
                    FIGURE 35 KEY BUYING CRITERIA FOR TOP TECHNOLOGY-BASED RESIDENTIAL ENERGY STORAGE SYSTEMS
                    TABLE 15 KEY BUYING CRITERIA, BY TECHNOLOGY

6 RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY (Page No. - 90)
    6.1 INTRODUCTION
           FIGURE 36 RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2021
           TABLE 16 RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2020 (USD MILLION)
           TABLE 17 RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION)
    6.2 LITHIUM-ION
           6.2.1 HAVE HIGHER ENERGY DENSITY THAN LEAD-ACID BATTERIES
                    TABLE 18 LITHIUM-ION: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION,  2016–2020 (USD MILLION)
                    TABLE 19 LITHIUM-ION: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION,  2021–2027 (USD MILLION)
    6.3 LEAD-ACID
           6.3.1 LONG LIFESPAN OF LEAD-ACID BATTERIES TO DRIVE MARKET
                    TABLE 20 LEAD-ACID: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION,  2016–2020 (USD MILLION)
                    TABLE 21 LEAD-ACID: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION,  2021–2027 (USD MILLION)

7 RESIDENTIAL ENERGY STORAGE MARKET, BY POWER RATING (Page No. - 95)
    7.1 INTRODUCTION
           FIGURE 37 6 TO <10 KW SEGMENT ACCOUNTED FOR LARGEST SHARE OF RESIDENTIAL ENERGY STORAGE MARKET IN 2021
           TABLE 22 RESIDENTIAL ENERGY STORAGE MARKET, BY POWER RATING,  2016–2020 (USD MILLION)
           TABLE 23 RESIDENTIAL ENERGY STORAGE MARKET, BY POWER RATING,  2021–2027 (USD MILLION)
    7.2 3 TO <6 KW
           7.2.1 GROWING DEMAND FOR SYSTEMS WITH LOWEST POWER INPUT TO STIMULATE MARKET GROWTH
                    TABLE 24 3 TO <6 KW: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION,  2016–2020 (USD MILLION)
                    TABLE 25 3 TO <6 KW: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION,  2021–2027 (USD MILLION)
    7.3 6 TO <10 KW
           7.3.1 LONG-DURATION POWER OUTAGES TO PROMOTE USE OF SYSTEMS WITH 6 TO <10 KW POWER RATING
                    TABLE 26 6 TO <10 KW: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION,  2016–2020 (USD MILLION)
                    TABLE 27 6 TO <10 KW: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION,  2021–2027 (USD MILLION)
    7.4 10 TO 20 KW
           7.4.1 NEED FOR HIGH-POWER APPLIANCES BOOSTS DEMAND FOR SYSTEMS WITH HIGH POWER RATING
                    TABLE 28 10 TO 20 KW: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION,  2016–2020 (USD MILLION)
                    TABLE 29 10 TO 20 KW: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION,  2021–2027 (USD MILLION)

8 RESIDENTIAL ENERGY STORAGE MARKET, BY OWNERSHIP TYPE (Page No. - 101)
    8.1 INTRODUCTION
           FIGURE 38 CUSTOMER-OWNED SEGMENT DOMINATED RESIDENTIAL ENERGY STORAGE MARKET IN 2021
           TABLE 30 RESIDENTIAL ENERGY STORAGE MARKET, BY OWNERSHIP TYPE,  2016–2020 (USD MILLION)
           TABLE 31 RESIDENTIAL ENERGY STORAGE MARKET, BY OWNERSHIP TYPE,  2021–2027 (USD MILLION)
    8.2 CUSTOMER-OWNED
           8.2.1 RESOLVE ISSUES OF OVERVOLTAGE AND IMBALANCE OF ENERGY SUPPLY AND DEMAND
                    TABLE 32 CUSTOMER-OWNED: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION,  2016–2020 (USD MILLION)
                    TABLE 33 CUSTOMER-OWNED: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION,  2021–2027 (USD MILLION)
    8.3 UTILITY-OWNED
           8.3.1 GLOBAL RENEWABLE ENERGY GENERATION INITIATIVES TO BOOST INSTALLATION OF UTILITY-OWNED ESS
                    TABLE 34 UTILITY-OWNED: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION,  2016–2020 (USD MILLION)
                    TABLE 35 UTILITY-OWNED: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION,  2021–2027 (USD MILLION)
    8.4 THIRD-PARTY-OWNED
           8.4.1 HIGH UPFRONT COST AND LOW PER CAPITA INCOME TO BOOST DEMAND FOR THIRD-PARTY-OWNED ESS
                    TABLE 36 THIRD-PARTY-OWNED: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION,  2016–2020 (USD MILLION)
                    TABLE 37 THIRD-PARTY-OWNED: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION,  2021–2027 (USD MILLION)

9 RESIDENTIAL ENERGY STORAGE MARKET, BY OPERATION TYPE (Page No. - 107)
    9.1 INTRODUCTION
           FIGURE 39 RESIDENTIAL ENERGY STORAGE MARKET, BY OPERATION TYPE, 2021
           TABLE 38 RESIDENTIAL ENERGY STORAGE MARKET, BY OPERATION TYPE,  2016–2020 (USD MILLION)
           TABLE 39 RESIDENTIAL ENERGY STORAGE MARKET, BY OPERATION TYPE,  2021–2027 (USD MILLION)
    9.2 STANDALONE SYSTEMS
           9.2.1 LOWER UPFRONT COSTS OF STANDALONE SYSTEMS TO DRIVE MARKET GROWTH
                    TABLE 40 STANDALONE SYSTEMS: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION,  2016–2020 (USD MILLION)
                    TABLE 41 STANDALONE SYSTEMS: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION,  2021–2027 (USD MILLION)
    9.3 SOLAR AND STORAGE SYSTEMS
           9.3.1 HIGH REQUIREMENT FOR ENERGY SELF-SUFFICIENCY TO BOOST DEMAND FOR SOLAR AND STORAGE SYSTEMS
                    TABLE 42 SOLAR AND STORAGE SYSTEMS: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION, 2016–2020 (USD MILLION)
                    TABLE 43 SOLAR AND STORAGE SYSTEMS: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION, 2021–2027 (USD MILLION)

10 RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE (Page No. - 112)
     10.1 INTRODUCTION
               FIGURE 40 RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2021
               TABLE 44 RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2016–2020 (USD MILLION)
               TABLE 45 RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2021–2027 (USD MILLION)
     10.2 ON-GRID
             10.2.1 RISING USE OF ON-GRID BATTERY STORAGE SYSTEMS TO REDUCE ENERGY BILLS
                       TABLE 46 ON-GRID: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION,  2016–2020 (USD MILLION)
                       TABLE 47 ON-GRID: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION,  2021–2027 (USD MILLION)
     10.3 OFF-GRID
             10.3.1 NEED TO KEEP ENVIRONMENT CLEAN AND SAFE TO PROMOTE USE OF OFF-GRID SYSTEMS
                       TABLE 48 OFF-GRID: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION,  2016–2020 (USD MILLION)
                       TABLE 49 OFF-GRID: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION,  2021–2027 (USD MILLION)

11 RESIDENTIAL ENERGY STORAGE MARKET, BY REGION (Page No. - 117)
     11.1 INTRODUCTION
               FIGURE 41 EUROPE DOMINATED RESIDENTIAL ENERGY STORAGE MARKET IN 2021
               TABLE 50 RESIDENTIAL ENERGY STORAGE MARKET, BY REGION, 2016–2020 (MW)
               TABLE 51 RESIDENTIAL ENERGY STORAGE MARKET, BY REGION, 2021–2027 (MW)
               TABLE 52 RESIDENTIAL ENERGY STORAGE MARKET, BY REGION, 2016–2020 (USD MILLION)
               TABLE 53 RESIDENTIAL ENERGY STORAGE MARKET, BY REGION, 2021–2027 (USD MILLION)
     11.2 NORTH AMERICA
               FIGURE 42 NORTH AMERICA: SNAPSHOT OF RESIDENTIAL ENERGY STORAGE  MARKET, 2021
               TABLE 54 NORTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2016–2020 (USD MILLION)
               TABLE 55 NORTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2021–2027 (USD MILLION)
               TABLE 56 NORTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY POWER RATING,  2016–2020 (USD MILLION)
               TABLE 57 NORTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY POWER RATING,  2021–2027 (USD MILLION)
               TABLE 58 NORTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY OWNERSHIP TYPE,  2016–2020 (USD MILLION)
               TABLE 59 NORTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY OWNERSHIP TYPE,  2021–2027 (USD MILLION)
               TABLE 60 NORTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY OPERATION TYPE,  2016–2020 (USD MILLION)
               TABLE 61 NORTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY OPERATION TYPE,  2021–2027 (USD MILLION)
               TABLE 62 NORTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2016–202O (USD MILLION)
               TABLE 63 NORTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2021–2027 (USD MILLION)
               TABLE 64 NORTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY COUNTRY,  2016–2020 (MW)
               TABLE 65 NORTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY COUNTRY,  2021–2027 (MW)
               TABLE 66 NORTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY COUNTRY,  2016–2020 (USD MILLION)
               TABLE 67 NORTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY COUNTRY,  2021–2027 (USD MILLION)
             11.2.1 US
                       11.2.1.1 High sales of solar and storage systems to boost market growth
                                   TABLE 68 US: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2016–2020 (USD MILLION)
                                   TABLE 69 US: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2021–2027 (USD MILLION)
                                   TABLE 70 US: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2016–2020 (USD MILLION)
                                   TABLE 71 US: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2021–2027 (USD MILLION)
             11.2.2 CANADA
                       11.2.2.1 Supportive policies promoting installation of ESS to drive market growth
                                   TABLE 72 CANADA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2016–2020 (USD MILLION)
                                   TABLE 73 CANADA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2021–2027 (USD MILLION)
                                   TABLE 74 CANADA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2016–2020 (USD MILLION)
                                   TABLE 75 CANADA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2021–2027 (USD MILLION)
             11.2.3 MEXICO
                       11.2.3.1 Strong focus on improving power quality and reducing electricity costs to drive market growth
                                   TABLE 76 MEXICO: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2016–2020 (USD MILLION)
                                   TABLE 77 MEXICO: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2021–2027 (USD MILLION)
                                   TABLE 78 MEXICO: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2016–2020 (USD MILLION)
                                   TABLE 79 MEXICO: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2021–2027 (USD MILLION)
     11.3 ASIA PACIFIC
               FIGURE 43 ASIA PACIFIC: SNAPSHOT OF RESIDENTIAL ENERGY STORAGE MARKET, 2021
               TABLE 80 ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2016–2020 (USD MILLION)
               TABLE 81 ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2021–2027 (USD MILLION)
               TABLE 82 ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET, BY POWER RATING,  2016–2020 (USD MILLION)
               TABLE 83 ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET, BY POWER RATING,  2021–2027 (USD MILLION)
               TABLE 84 ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET, BY OWNERSHIP TYPE,  2016–2020 (USD MILLION)
               TABLE 85 ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET, BY OWNERSHIP TYPE,  2021–2027 (USD MILLION)
               TABLE 86 ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET, BY OPERATION TYPE,  2016–2020 (USD MILLION)
               TABLE 87 ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET, BY OPERATION TYPE,  2021–2027 (USD MILLION)
               TABLE 88 ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2016–2020 (USD MILLION)
               TABLE 89 ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2021–2027 (USD MILLION)
               TABLE 90 ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET, BY COUNTRY, 2016–2020 (MW)
               TABLE 91 ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET, BY COUNTRY, 2021–2027 (MW)
               TABLE 92 ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET, BY COUNTRY,  2016–2020 (USD MILLION)
               TABLE 93 ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET, BY COUNTRY,  2021–2027 (USD MILLION)
             11.3.1 CHINA
                       11.3.1.1 Rising need for grid stability to boost market
                                   TABLE 94 CHINA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2016–2020 (USD MILLION)
                                   TABLE 95 CHINA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2021–2027 (USD MILLION)
                                   TABLE 96 CHINA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2016–2020 (USD MILLION)
                                   TABLE 97 CHINA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2021–2027 (USD MILLION)
             11.3.2 INDIA
                       11.3.2.1 Utilization of distributed renewables energy technology to spur demand for ESS
                                   TABLE 98 INDIA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2016–2020 (USD MILLION)
                                   TABLE 99 INDIA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2021–2027 (USD MILLION)
                                   TABLE 100 INDIA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2016–2020 (USD MILLION)
                                   TABLE 101 INDIA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2021–2027 (USD MILLION)
             11.3.3 JAPAN
                       11.3.3.1 R&D efforts by battery providers to support market growth
                                   TABLE 102 JAPAN: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2016–2020 (USD MILLION)
                                   TABLE 103 JAPAN: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2021–2027 (USD MILLION)
                                   TABLE 104 JAPAN: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2016–2020 (USD MILLION)
                                   TABLE 105 JAPAN: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2021–2027 (USD MILLION)
             11.3.4 SOUTH KOREA
                       11.3.4.1 Need to improve power quality and reliability to drive market
                                   TABLE 106 SOUTH KOREA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2016–2020 (USD MILLION)
                                   TABLE 107 SOUTH KOREA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2021–2027 (USD MILLION)
                                   TABLE 108 SOUTH KOREA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2016–2020 (USD MILLION)
                                   TABLE 109 SOUTH KOREA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2021–2027 (USD MILLION)
             11.3.5 AUSTRALIA
                       11.3.5.1 Launch of incentives to install battery-powered energy storage systems to push market growth
                                   TABLE 110 AUSTRALIA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2016–2020 (USD MILLION)
                                   TABLE 111 AUSTRALIA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2021–2027 (USD MILLION)
                                   TABLE 112 AUSTRALIA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2016–2020 (USD MILLION)
                                   TABLE 113 AUSTRALIA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2021–2027 (USD MILLION)
             11.3.6 REST OF ASIA PACIFIC
                       TABLE 114 REST OF ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2020 (USD MILLION)
                       TABLE 115 REST OF ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION)
                       TABLE 116 REST OF ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2016–2020 (USD MILLION)
                       TABLE 117 REST OF ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2021–2027 (USD MILLION)
     11.4 EUROPE
               TABLE 118 EUROPE: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2016–2020 (USD MILLION)
               TABLE 119 EUROPE: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2021–2027 (USD MILLION)
               TABLE 120 EUROPE: RESIDENTIAL ENERGY STORAGE MARKET, BY POWER RATING,  2016–2020 (USD MILLION)
               TABLE 121 EUROPE: RESIDENTIAL ENERGY STORAGE MARKET, BY POWER RATING,  2021–2027 (USD MILLION)
               TABLE 122 EUROPE: RESIDENTIAL ENERGY STORAGE MARKET, BY OWNERSHIP TYPE,  2016–2020 (USD MILLION)
               TABLE 123 EUROPE: RESIDENTIAL ENERGY STORAGE MARKET, BY OWNERSHIP TYPE,  2021–2027 (USD MILLION)
               TABLE 124 EUROPE: RESIDENTIAL ENERGY STORAGE MARKET, BY OPERATION TYPE,  2016–2020 (USD MILLION)
               TABLE 125 EUROPE: RESIDENTIAL ENERGY STORAGE MARKET, BY OPERATION TYPE,  2021–2027 (USD MILLION)
               TABLE 126 EUROPE: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2016–2020 (USD MILLION)
               TABLE 127 EUROPE: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2021–2027 (USD MILLION)
               TABLE 128 EUROPE: RESIDENTIAL ENERGY STORAGE MARKET, BY COUNTRY, 2016–2020 (KW)
               TABLE 129 EUROPE: RESIDENTIAL ENERGY STORAGE MARKET, BY COUNTRY, 2021–2027 (KW)
               TABLE 130 EUROPE: RESIDENTIAL ENERGY STORAGE MARKET, BY COUNTRY,  2016–2020 (USD THOUSAND)
               TABLE 131 EUROPE: RESIDENTIAL ENERGY STORAGE MARKET, BY COUNTRY,  2021–2027 (USD THOUSAND)
             11.4.1 GERMANY
                       11.4.1.1 Adoption of rooftop solar energy systems to accelerate market growth
                                   TABLE 132 GERMANY: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2016–2020 (USD MILLION)
                                   TABLE 133 GERMANY: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2021–2027 (USD MILLION)
                                   TABLE 134 GERMANY: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2016–2020 (USD MILLION)
                                   TABLE 135 GERMANY: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2021–2027 (USD MILLION)
             11.4.2 ITALY
                       11.4.2.1 Superbonus 110% scheme to accelerate market growth
                                   TABLE 136 ITALY: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2016–2020 (USD MILLION)
                                   TABLE 137 ITALY: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2021–2027 (USD MILLION)
                                   TABLE 138 ITALY: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2016–2020 (USD MILLION)
                                   TABLE 139 ITALY: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2021–2027 (USD MILLION)
             11.4.3 UK
                       11.4.3.1 Strong focus on achieving grid independence to push demand for residential energy systems
                                   TABLE 140 UK: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2016–2020 (USD MILLION)
                                   TABLE 141 UK: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2021–2027 (USD MILLION)
                                   TABLE 142 UK: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2016–2020 (USD MILLION)
                                   TABLE 143 UK: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2021–2027 (USD MILLION)
             11.4.4 AUSTRIA
                       11.4.4.1 High difference between retail electricity prices and subsidized feed-in tariff to foster market growth
                                   TABLE 144 AUSTRIA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2016–2020 (USD MILLION)
                                   TABLE 145 AUSTRIA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2021–2027 (USD MILLION)
                                   TABLE 146 AUSTRIA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2016–2020 (USD MILLION)
                                   TABLE 147 AUSTRIA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2021–2027 (USD MILLION)
             11.4.5 FRANCE
                       11.4.5.1 Significant efforts to reduce greenhouse gas emissions to propel market growth
                                   TABLE 148 FRANCE: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2016–2020 (USD MILLION)
                                   TABLE 149 FRANCE: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2021–2027 (USD MILLION)
                                   TABLE 150 FRANCE: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2016–2020 (USD MILLION)
                                   TABLE 151 FRANCE: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2021–2027 (USD MILLION)
             11.4.6 NETHERLANDS
                       11.4.6.1 Withdrawing from net-metering schemes to support installation of ESS
                                   TABLE 152 NETHERLANDS: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2016–2020 (USD MILLION)
                                   TABLE 153 NETHERLANDS: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2021–2027 (USD MILLION)
                                   TABLE 154 NETHERLANDS: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2016–2020 (USD MILLION)
                                   TABLE 155 NETHERLANDS: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2021–2027 (USD MILLION)
             11.4.7 SWITZERLAND
                       11.4.7.1 Government incentives and supportive policy framework to push market growth
                                   TABLE 156 SWITZERLAND: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2016–2020 (USD MILLION)
                                   TABLE 157 SWITZERLAND: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2021–2027 (USD MILLION)
                                   TABLE 158 SWITZERLAND: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2016–2020 (USD MILLION)
                                   TABLE 159 SWITZERLAND: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2021–2027 (USD MILLION)
             11.4.8 SPAIN
                       11.4.8.1 Favorable national incentive package to install PV modules to fuel market growth
                                   TABLE 160 SPAIN: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2016–2020 (USD THOUSAND)
                                   TABLE 161 SPAIN: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2021–2027 (USD THOUSAND)
                                   TABLE 162 SPAIN: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2016–2020 (USD THOUSAND)
                                   TABLE 163 SPAIN: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2021–2027 (USD THOUSAND)
             11.4.9 BELGIUM
                       11.4.9.1 Investment in virtual power plants to boost market growth
                                   TABLE 164 BELGIUM: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2016–2020 (USD THOUSAND)
                                   TABLE 165 BELGIUM: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2021–2027 (USD THOUSAND)
                                   TABLE 166 BELGIUM: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2016–2020 (USD THOUSAND)
                                   TABLE 167 BELGIUM: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2021–2027 (USD THOUSAND)
             11.4.10 POLAND
                         11.4.10.1 Government subsidies to install solar panels to support market growth
                                   TABLE 168 POLAND: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2016–2020 (USD THOUSAND)
                                   TABLE 169 POLAND: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2021–2027 (USD THOUSAND)
                                   TABLE 170 POLAND: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2016–2020 (USD THOUSAND)
                                   TABLE 171 POLAND: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2021–2027 (USD THOUSAND)
             11.4.11 CZECH REPUBLIC
                         11.4.11.1 Favorable regulations for installation of smart home energy management systems to stimulate market growth
                                   TABLE 172 CZECH REPUBLIC: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2016–2020 (USD THOUSAND)
                                   TABLE 173 CZECH REPUBLIC: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2021–2027 (USD THOUSAND)
                                   TABLE 174 CZECH REPUBLIC: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2016–2020 (USD THOUSAND)
                                   TABLE 175 CZECH REPUBLIC: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2021–2027 (USD THOUSAND)
             11.4.12 BULGARIA
                         11.4.12.1 High investment in renewable energy projects to propel market growth
                                   TABLE 176 BULGARIA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2016–2020 (USD THOUSAND)
                                   TABLE 177 BULGARIA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2021–2027 (USD THOUSAND)
                                   TABLE 178 BULGARIA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2016–2020 (USD THOUSAND)
                                   TABLE 179 BULGARIA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2021–2027 (USD THOUSAND)
             11.4.13 HUNGARY
                         11.4.13.1 Increased installed capacity of solar power plants to drive market
                                   TABLE 180 HUNGARY: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2016–2020 (USD THOUSAND)
                                   TABLE 181 HUNGARY: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2021–2027 (USD THOUSAND)
                                   TABLE 182 HUNGARY: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2016–2020 (USD THOUSAND)
                                   TABLE 183 HUNGARY: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2021–2027 (USD THOUSAND)
             11.4.14 ROMANIA
                         11.4.14.1 Advancements in battery technology to spur demand for battery-powered ESS
                                   TABLE 184 ROMANIA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2016–2020 (USD THOUSAND)
                                   TABLE 185 ROMANIA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2021–2027 (USD THOUSAND)
                                   TABLE 186 ROMANIA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2016–2020 (USD THOUSAND)
                                   TABLE 187 ROMANIA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2021–2027 (USD THOUSAND)
     11.5 MIDDLE EAST & AFRICA
               TABLE 188 MIDDLE EAST & AFRICA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2016–2020 (USD THOUSAND)
               TABLE 189 MIDDLE EAST & AFRICA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2021–2027 (USD THOUSAND)
               TABLE 190 MIDDLE EAST & AFRICA: RESIDENTIAL ENERGY STORAGE MARKET, BY POWER RATING,  2016–2020 (USD THOUSAND)
               TABLE 191 MIDDLE EAST & AFRICA: RESIDENTIAL ENERGY STORAGE MARKET, BY POWER RATING,  2021–2027 (USD THOUSAND)
               TABLE 192 MIDDLE EAST & AFRICA: RESIDENTIAL ENERGY STORAGE MARKET, BY OWNERSHIP TYPE,  2016–2020 (USD THOUSAND)
               TABLE 193 MIDDLE EAST & AFRICA: RESIDENTIAL ENERGY STORAGE MARKET, BY OWNERSHIP TYPE,  2021–2027 (USD THOUSAND)
               TABLE 194 MIDDLE EAST & AFRICA: RESIDENTIAL ENERGY STORAGE MARKET, BY OPERATION TYPE,  2016–2020 (USD THOUSAND)
               TABLE 195 MIDDLE EAST & AFRICA: RESIDENTIAL ENERGY STORAGE MARKET, BY OPERATION TYPE,  2021–2027 (USD THOUSAND)
               TABLE 196 MIDDLE EAST & AFRICA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2016–2020 (USD THOUSAND)
               TABLE 197 MIDDLE EAST & AFRICA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2021–2027 (USD THOUSAND)
               TABLE 198 MIDDLE EAST & AFRICA: RESIDENTIAL ENERGY STORAGE MARKET, BY COUNTRY,  2016–2020 (MW)
               TABLE 199 MIDDLE EAST & AFRICA: RESIDENTIAL ENERGY STORAGE MARKET, BY COUNTRY,  2021–2027 (MW)
               TABLE 200 MIDDLE EAST & AFRICA: RESIDENTIAL ENERGY STORAGE MARKET, BY COUNTRY,  2016–2020 (USD THOUSAND)
               TABLE 201 MIDDLE EAST & AFRICA: RESIDENTIAL ENERGY STORAGE MARKET, BY COUNTRY,  2021–2027 (USD THOUSAND)
             11.5.1 SAUDI ARABIA
                       11.5.1.1 Increasing energy prices and rising need for renewable power generation boost market growth
                                   TABLE 202 SAUDI ARABIA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2016–2020 (USD THOUSAND)
                                   TABLE 203 SAUDI ARABIA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2021–2027 (USD THOUSAND)
                                   TABLE 204 SAUDI ARABIA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2016–2020 (USD THOUSAND)
                                   TABLE 205 SAUDI ARABIA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2021–2027 (USD THOUSAND)
             11.5.2 UAE
                       11.5.2.1 Grid stability and flexibility through ESS to accelerate market growth
                                   TABLE 206 UAE: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2016–2020 (USD THOUSAND)
                                   TABLE 207 UAE: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2021–2027 (USD THOUSAND)
                                   TABLE 208 UAE: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2016–2020 (USD THOUSAND)
                                   TABLE 209 UAE: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2021–2027 (USD THOUSAND)
             11.5.3 SOUTH AFRICA
                       11.5.3.1 Grid connectivity and proposed solar and storage projects to fuel market
                                   TABLE 210 SOUTH AFRICA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2016–2020 (USD THOUSAND)
                                   TABLE 211 SOUTH AFRICA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2021–2027 (USD THOUSAND)
                                   TABLE 212 SOUTH AFRICA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2016–2020 (USD THOUSAND)
                                   TABLE 213 SOUTH AFRICA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2021–2027 (USD THOUSAND)
             11.5.4 REST OF MIDDLE EAST & AFRICA
                       TABLE 214 REST OF MIDDLE EAST & AFRICA: RESIDENTIAL ENERGY STORAGE MARKET,  BY TECHNOLOGY, 2016–2020 (USD THOUSAND)
                       TABLE 215 REST OF MIDDLE EAST & AFRICA: RESIDENTIAL ENERGY STORAGE MARKET,  BY TECHNOLOGY, 2021–2027 (USD THOUSAND)
                       TABLE 216 REST OF MIDDLE EAST & AFRICA: RESIDENTIAL ENERGY STORAGE MARKET,  BY CONNECTIVITY TYPE, 2016–2020 (USD THOUSAND)
                       TABLE 217 REST OF MIDDLE EAST & AFRICA: RESIDENTIAL ENERGY STORAGE MARKET,  BY CONNECTIVITY TYPE, 2021–2027 (USD THOUSAND)
     11.6 SOUTH AMERICA
               TABLE 218 SOUTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2016–2020 (USD MILLION)
               TABLE 219 SOUTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2021–2027 (USD MILLION)
               TABLE 220 SOUTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY POWER RATING,  2016–2020 (USD MILLION)
               TABLE 221 SOUTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY POWER RATING,  2021–2027 (USD MILLION)
               TABLE 222 SOUTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY OWNERSHIP TYPE,  2016–2020 (USD MILLION)
               TABLE 223 SOUTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY OWNERSHIP TYPE,  2021–2027 (USD MILLION)
               TABLE 224 SOUTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY OPERATION TYPE,  2016–2020 (USD MILLION)
               TABLE 225 SOUTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY OPERATION TYPE,  2021–2027 (USD MILLION)
               TABLE 226 SOUTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2016–2020 (USD MILLION)
               TABLE 227 SOUTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2021–2027 (USD MILLION)
               TABLE 228 SOUTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY COUNTRY,  2016–2020 (MW)
               TABLE 229 SOUTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY COUNTRY,  2021–2027 (MW)
               TABLE 230 SOUTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY COUNTRY,  2016–2020 (USD MILLION)
               TABLE 231 SOUTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY COUNTRY,  2021–2027 (USD MILLION)
             11.6.1 BRAZIL
                       11.6.1.1 Need to handle power outages to create demand for ESS
                                   TABLE 232 BRAZIL: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2016–2020 (USD MILLION)
                                   TABLE 233 BRAZIL: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2021–2027 (USD MILLION)
                                   TABLE 234 BRAZIL: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2016–2020 (USD MILLION)
                                   TABLE 235 BRAZIL: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2021–2027 (USD MILLION)
             11.6.2 CHILE
                       11.6.2.1 Need for energy backup to spur demand for ESS
                                   TABLE 236 CHILE: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2016–2020 (USD THOUSAND)
                                   TABLE 237 CHILE: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY,  2021–2027 (USD THOUSAND)
                                   TABLE 238 CHILE: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2016–2020 (USD THOUSAND)
                                   TABLE 239 CHILE: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE,  2021–2027 (USD THOUSAND)
             11.6.3 REST OF SOUTH AMERICA
                       TABLE 240 REST OF SOUTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2020 (USD THOUSAND)
                       TABLE 241 REST OF SOUTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2021–2027 (USD THOUSAND)
                       TABLE 242 REST OF SOUTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2016–2020 (USD THOUSAND)
                       TABLE 243 REST OF SOUTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2021–2027 (USD THOUSAND)

12 COMPETITIVE LANDSCAPE (Page No. - 192)
     12.1 OVERVIEW
               FIGURE 44 KEY DEVELOPMENTS IN RESIDENTIAL ENERGY STORAGE MARKET,  2018 TO 2022
     12.2 MARKET EVALUATION FRAMEWORK
               TABLE 244 MARKET EVALUATION FRAMEWORK, 2018–2021
     12.3 SHARE ANALYSIS OF KEY PLAYERS, 2021
               TABLE 245 RESIDENTIAL ENERGY STORAGE MARKET: DEGREE OF COMPETITION
               FIGURE 45 MARKET SHARE ANALYSIS OF TOP PLAYERS IN RESIDENTIAL ENERGY STORAGE MARKET, 2021
     12.4 SEGMENTAL REVENUE ANALYSIS OF TOP MARKET PLAYERS
               FIGURE 46 SEGMENTAL REVENUE ANALYSIS, 2018–2021
     12.5 RECENT DEVELOPMENTS
             12.5.1 DEALS
                       12.5.1.1 Residential energy storage market: Deals, 2018–2022
             12.5.2 OTHERS
                       12.5.2.1 Residential energy storage market: Others, 2018–2022
             12.5.3 PRODUCT LAUNCHES/DEVELOPMENTS
                       12.5.3.1 Residential energy storage market: Product launches/developments, 2018–2022
     12.6 COMPANY EVALUATION QUADRANT
             12.6.1 STARS
             12.6.2 EMERGING LEADERS
             12.6.3 PERVASIVE COMPANIES
             12.6.4 PARTICIPANTS
                       FIGURE 47 RESIDENTIAL ENERGY STORAGE MARKET: COMPETITIVE LEADERSHIP  MAPPING, 2021
                       TABLE 246 COMPANY POWER RATING FOOTPRINT
                       TABLE 247 COMPANY TECHNOLOGY FOOTPRINT
                       TABLE 248 COMPANY OWNERSHIP TYPE FOOTPRINT
                       TABLE 249 COMPANY CONNECTIVITY TYPE FOOTPRINT
                       TABLE 250 COMPANY OPERATION TYPE FOOTPRINT
                       TABLE 251 COMPANY REGION FOOTPRINT
     12.7 STARTUP/SME EVALUATION QUADRANT
             12.7.1 PROGRESSIVE COMPANIES
             12.7.2 RESPONSIVE COMPANIES
             12.7.3 DYNAMIC COMPANIES
             12.7.4 STARTING BLOCKS
                       FIGURE 48 RESIDENTIAL ENERGY STORAGE MARKET: STARTUP/SME EVALUATION QUADRANT, 2021
     12.8 COMPETITIVE BENCHMARKING
               TABLE 252 RESIDENTIAL ENERGY STORAGE MARKET: DETAILED LIST OF KEY STARTUPS/SMES
               TABLE 253 COMPANY OWNERSHIP FOOTPRINT (STARTUPS)
               TABLE 254 COMPANY TECHNOLOGY FOOTPRINT (STARTUPS)
               TABLE 255 COMPANY POWER RATING FOOTPRINT (STARTUPS)
               TABLE 256 COMPANY OPERATION TYPE FOOTPRINT (STARTUPS)
               TABLE 257 COMPANY CONNECTIVITY TYPE FOOTPRINT (STARTUPS)
               TABLE 258 COMPANY REGION FOOTPRINT (STARTUPS)

13 COMPANY PROFILES (Page No. - 212)
(Business overview, Products/Services offered, Recent Developments, MNM view)*
     13.1 KEY PLAYERS
             13.1.1 TESLA
                       TABLE 259 TESLA: BUSINESS OVERVIEW
                       FIGURE 49 TESLA: COMPANY SNAPSHOT
                       TABLE 260 TESLA: PRODUCT LAUNCHES/PRODUCT DEVELOPMENTS
                       TABLE 261 TESLA: DEALS
                       TABLE 262 TESLA: OTHERS
             13.1.2 PANASONIC HOLDINGS CORPORATION
                       TABLE 263 PANASONIC HOLDINGS CORPORATION: BUSINESS OVERVIEW
                       FIGURE 50 PANASONIC HOLDINGS CORPORATION: COMPANY SNAPSHOT
                       TABLE 264 PANASONIC HOLDINGS CORPORATION: DEALS
             13.1.3 BYD COMPANY LTD.
                       TABLE 265 BYD COMPANY LTD.: BUSINESS OVERVIEW
                       FIGURE 51 BYD COMPANY LTD.: COMPANY SNAPSHOT
                       TABLE 266 BYD COMPANY LTD: PRODUCT LAUNCHES/PRODUCT DEVELOPMENTS
                       TABLE 267 BYD COMPANY LTD.: DEALS
             13.1.4 ENPHASE ENERGY
                       TABLE 268 ENPHASE ENERGY: BUSINESS OVERVIEW
                       FIGURE 52 ENPHASE ENERGY: COMPANY SNAPSHOT
                       TABLE 269 ENPHASE ENERGY: DEALS
                       TABLE 270 ENPHASE ENERGY: OTHERS
             13.1.5 SONNEN GMBH
                       TABLE 271 SONNEN GMBH: BUSINESS OVERVIEW
                       TABLE 272 SONNEN GMBH: PRODUCT LAUNCHES/PRODUCT DEVELOPMENT
                       TABLE 273 SONNEN GMBH: DEALS
                       TABLE 274 SONNEN GMBH: OTHERS
             13.1.6 VARTA AG
                       TABLE 275 VARTA AG: BUSINESS OVERVIEW
                       FIGURE 53 VARTA AG: COMPANY SNAPSHOT
             13.1.7 DELTA ELECTRONICS, INC.
                       TABLE 276 DELTA ELECTRONICS, INC.: BUSINESS OVERVIEW
                       FIGURE 54 DELTA ELECTRONICS, INC.: COMPANY SNAPSHOT
             13.1.8 HUAWEI TECHNOLOGIES CO., LTD.
                       TABLE 277 HUAWEI TECHNOLOGIES CO., LTD: BUSINESS OVERVIEW
                       FIGURE 55 HUAWEI TECHNOLOGIES CO., LTD.: COMPANY SNAPSHOT
                       TABLE 278 HUAWEI TECHNOLOGIES CO., LTD.: PRODUCT LAUNCHES/PRODUCT DEVELOPMENTS
                       TABLE 279 HUAWEI TECHNOLOGIES CO., LTD.: DEALS
             13.1.9 EATON
                       TABLE 280 EATON: BUSINESS OVERVIEW
                       FIGURE 56 EATON: COMPANY SNAPSHOT
                       TABLE 281 EATON: DEALS
                       TABLE 282 EATON: PRODUCT DEVELOPMENTS/PRODUCT LAUNCHES
             13.1.10 SMA SOLAR TECHNOLOGY AG
                       TABLE 283 SMA SOLAR TECHNOLOGY AG: BUSINESS OVERVIEW
                       FIGURE 57 SMA SOLAR TECHNOLOGY AG: COMPANY SNAPSHOT
                       TABLE 284 SMA SOLAR TECHNOLOGY AG: PRODUCT LAUNCHES/PRODUCT DEVELOPMENT
                       TABLE 285 SMA SOLAR TECHNOLOGY AG: OTHERS
             13.1.11 LG ENERGY SOLUTION
                       TABLE 286 LG ENERGY SOLUTION: BUSINESS OVERVIEW
                       FIGURE 58 LG ENERGY SOLUTION: COMPANY SNAPSHOT
             13.1.12 GOODWE
                       TABLE 287 GOODWE: BUSINESS OVERVIEW
             13.1.13 E3/DC
                       TABLE 288 E3/DC: BUSINESS OVERVIEW
             13.1.14 ALPHA ESS CO., LTD.
                       TABLE 289 ALPHA ESS CO., LTD.: BUSINESS OVERVIEW
                       TABLE 290 ALPHA ESS CO., LTD.: DEALS
             13.1.15 RCT–POWER
                       TABLE 291 RCT–POWER: BUSINESS OVERVIEW
             13.1.16 SOLARWATT
                       TABLE 292 SOLARWATT: BUSINESS OVERVIEW
                       TABLE 293 SOLARWATT: DEALS
                       TABLE 294 SOLARWATT: OTHERS
             13.1.17 SENEC
                       TABLE 295 SENEC: BUSINESS OVERVIEW
                       TABLE 296 SENEC: PRODUCT LAUNCHES/PRODUCT DEVELOPMENTS
             13.1.18 SHANGHAI PYTES ENERGY CO., LTD.
                       TABLE 297 SHANGHAI PYTES ENERGY CO., LTD.: BUSINESS OVERVIEW
     13.2 OTHER PLAYERS
             13.2.1 PYLON TECHNOLOGIES CO., LTD.
             13.2.2 VICTRON ENERGY
             13.2.3 DYNESS
             13.2.4 TESVOLT AG
             13.2.5 TURBO ENERGY – SOLAR INNOVATION
             13.2.6 BST POWER (SHENZHEN) LIMITED
             13.2.7 WECO SRL
             13.2.8 POWERVAULT

*Details on Business overview, Products/Services offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

14 APPENDIX (Page No. - 260)
     14.1 INSIGHTS FROM INDUSTRY EXPERTS
     14.2 DISCUSSION GUIDE
     14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL
     14.4 CUSTOMIZATION OPTIONS
     14.5 RELATED REPORTS
     14.6 AUTHOR DETAILS

This study involved four major activities in estimating the current size of the residential energy storage market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through rigorous primary research. Both top-down and bottom-up approaches were used to estimate the total market size. The market breakdown and data triangulation techniques were employed to estimate the market size of the segments and the corresponding subsegments.

Secondary Research

This research study involved the use of extensive secondary sources, directories, and databases such as industry publications, several newspaper articles, Statista Industry Journal, and UNESCO Institute of Statistics to identify and collect information useful for a technical, market-oriented, and commercial study of the utility communication market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases. 

Primary Research

Primary sources included several industry experts from core and related industries, preferred suppliers, manufacturers, service providers, technology developers, and organizations related to all the segments of the nuclear industry. In-depth interviews were conducted with various primary respondents, including key industry participants, subject matter experts (SME), C-level executives of the key market players, and industry consultants, among other experts, to obtain and verify qualitative and quantitative information, as well as to assess the prospects of the market. The breakdown of primary respondents is given below:

Residential Energy Storage Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the global residential energy storage market and its dependent submarkets. These methods were also extensively used to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and market have been identified through extensive secondary research, and their market shares in the respective regions have been determined through both primary and secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Global Residential Energy Storage Market Size: Bottom-Up Approach

Residential Energy Storage Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the entire market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the residential energy storage market.

Objectives of the Study

  • To forecast and describe the residential energy storage market size, by technology, power rating, connectivity type, ownership type, operation type and region, in terms of value
  • To provide detailed information regarding the major drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To estimate the size of the market in terms of value
  • To strategically analyze micro markets with respect to individual growth trends, prospects, future expansions, and contributions to the overall market
  • To provide post-pandemic estimation for the residential energy storage market and analyze the impact of the pandemic on the overall market and value chain
  • To forecast the growth of the residential energy storage market with respect to five major regions, namely, North America, Europe, Asia Pacific, South America and Middle East & Africa
  • To analyze market opportunities for stakeholders and the competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their respective market shares and core competencies
  • To analyze competitive developments such as investments & expansions, mergers & acquisitions, product launches, contracts & agreements, and joint ventures & collaborations in the residential energy storage market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to your specific needs. The following customization options are available for the report:

Company Information

  • Product Matrix, which provides a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analysis and profiling of additional market players 
Residential Energy Storage Market Size,  Share & Growth Report
Report Code
EP 7069
Published ON
Oct, 2022
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