Residential Solar Energy Storage Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2027

The Residential Energy Storage Systems (RESS) market is expected to grow at a CAGR of more than 19% over the forecast period 2021-2027, reaching a market value of more than $8.5 billion in 2026 from $2.2 billion in 2019. The market has been greatly affected by the outbreak of COVID-19. Increasing trade restrictions from the spread of COVID-19 have affected supply chains around the world. Major companies such as BYD and CATL have cut production due to reduced demand in 2020. However, with the widespread prevalence of solar PV in Europe, Asia Pacific and North America, the demand for residential energy storage has increased.

Key Market Players:

• Tesla Inc. (U.S)
• AES Corporation (U.S)
• General Electric Company (U.S)
• Sulzer Ltd. (Switzerland)
• Voith GmbH (Germany)
• Hydrostor Inc. (Canada)
• Linde AG (Germany)
• Highview Power Storage (U.K)
• Hydrogenics Corporation (Canada)
• SolarReserve LLC. (U.S)

Residential Solar Energy Storage Market Segmentation

By Type

• Mechanical
• Thermal
• Electro-Chemical
• Chemical

By End-User

• Utility
• Commercial & Industrial
• Residential

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

The report covers the following objectives:

• Proliferation and maturation of trade in the Residential Solar Energy Storage Market.

• The market share of the Residential Solar Energy Storage Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.

• Current and future market trends that are influencing the growth opportunities and growth rate of the Residential Solar Energy Storage Market.

• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Residential Solar Energy Storage Market.

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Key Questions Answered by Residential Solar Energy Storage Market Report

• What was the Residential Solar Energy Storage Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Residential Solar Energy Storage Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Residential Solar Energy Storage Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.