The global market for Residential Energy Storage was estimated to be worth US$ 5026 million in 2024 and is forecast to a readjusted size of US$ 11121 million by 2031 with a CAGR of 12.0% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Residential Energy Storage cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Energy storage systems are the set of methods and technologies used to store various forms of energy. Residential Energy storage is the capture of energy produced at one time for use at a later time for home. A device that stores energy is generally called an accumulator or battery.
The residential energy storage market is experiencing significant growth, driven by rising consumer demand for energy independence, increasing adoption of rooftop solar systems, and growing concerns about power reliability and grid instability. Residential energy storage systems (ESS) allow homeowners to store electricity-typically generated from solar photovoltaic (PV) panels or drawn from the grid during off-peak hours-and use it later during peak demand periods or power outages. This enhances energy self-consumption, reduces reliance on the grid, and can lead to lower electricity bills, especially in regions with time-of-use pricing or feed-in tariff reductions. Advancements in battery technology, especially lithium-ion batteries, have made home storage systems more compact, efficient, and affordable. Companies like Tesla (with its Powerwall), LG Energy Solution, Sonnen, BYD, and Enphase Energy are leading the residential ESS space, offering integrated storage solutions with smart energy management capabilities. These systems often come with features like remote monitoring, real-time energy usage data, and the ability to optimize energy flows based on consumption patterns and weather forecasts. Government policies and incentives are also playing a critical role in accelerating adoption. Countries such as Germany, Australia, the United States, and Japan have introduced subsidies, tax credits, and net metering programs to support residential solar-plus-storage systems. In regions prone to extreme weather events, such as California or parts of Southeast Asia, residential storage is increasingly viewed not just as a way to save money but as an essential tool for energy resilience and disaster preparedness. The market is also being shaped by broader trends in electrification, such as the growth of electric vehicles (EVs) and smart home integration. Homeowners are increasingly interested in creating "energy ecosystems" that link solar panels, batteries, EV chargers, and smart appliances into unified systems that can optimize energy use, reduce emissions, and respond to dynamic electricity pricing.
This report aims to provide a comprehensive presentation of the global market for Residential Energy Storage, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Residential Energy Storage by region & country, by Type, and by Application.
The Residential Energy Storage market size, estimations, and forecasts are provided in terms of sales volume (MWh) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Residential Energy Storage.
Market Segmentation
By Company
- Samsung SDI
- LG
- Tesla
- Great Power
- BYD
- EVE
- Panasonic
- Pylon Technologies
Segment by Type
Segment by Application
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Residential Energy Storage manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Residential Energy Storage in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Residential Energy Storage in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 Residential Energy Storage Product Introduction
- 1.2 Global Residential Energy Storage Market Size Forecast
- 1.2.1 Global Residential Energy Storage Sales Value (2020-2031)
- 1.2.2 Global Residential Energy Storage Sales Volume (2020-2031)
- 1.2.3 Global Residential Energy Storage Sales Price (2020-2031)
- 1.3 Residential Energy Storage Market Trends & Drivers
- 1.3.1 Residential Energy Storage Industry Trends
- 1.3.2 Residential Energy Storage Market Drivers & Opportunity
- 1.3.3 Residential Energy Storage Market Challenges
- 1.3.4 Residential Energy Storage Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Residential Energy Storage Players Revenue Ranking (2024)
- 2.2 Global Residential Energy Storage Revenue by Company (2020-2025)
- 2.3 Global Residential Energy Storage Players Sales Volume Ranking (2024)
- 2.4 Global Residential Energy Storage Sales Volume by Company Players (2020-2025)
- 2.5 Global Residential Energy Storage Average Price by Company (2020-2025)
- 2.6 Key Manufacturers Residential Energy Storage Manufacturing Base and Headquarters
- 2.7 Key Manufacturers Residential Energy Storage Product Offered
- 2.8 Key Manufacturers Time to Begin Mass Production of Residential Energy Storage
- 2.9 Residential Energy Storage Market Competitive Analysis
- 2.9.1 Residential Energy Storage Market Concentration Rate (2020-2025)
- 2.9.2 Global 5 and 10 Largest Manufacturers by Residential Energy Storage Revenue in 2024
- 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Residential Energy Storage as of 2024)
- 2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 Lithium
- 3.1.2 Lead Acid
- 3.1.3 Others
- 3.2 Global Residential Energy Storage Sales Value by Type
- 3.2.1 Global Residential Energy Storage Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Residential Energy Storage Sales Value, by Type (2020-2031)
- 3.2.3 Global Residential Energy Storage Sales Value, by Type (%) (2020-2031)
- 3.3 Global Residential Energy Storage Sales Volume by Type
- 3.3.1 Global Residential Energy Storage Sales Volume by Type (2020 VS 2024 VS 2031)
- 3.3.2 Global Residential Energy Storage Sales Volume, by Type (2020-2031)
- 3.3.3 Global Residential Energy Storage Sales Volume, by Type (%) (2020-2031)
- 3.4 Global Residential Energy Storage Average Price by Type (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 Below 8kWh
- 4.1.2 Above 8kWh
- 4.2 Global Residential Energy Storage Sales Value by Application
- 4.2.1 Global Residential Energy Storage Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global Residential Energy Storage Sales Value, by Application (2020-2031)
- 4.2.3 Global Residential Energy Storage Sales Value, by Application (%) (2020-2031)
- 4.3 Global Residential Energy Storage Sales Volume by Application
- 4.3.1 Global Residential Energy Storage Sales Volume by Application (2020 VS 2024 VS 2031)
- 4.3.2 Global Residential Energy Storage Sales Volume, by Application (2020-2031)
- 4.3.3 Global Residential Energy Storage Sales Volume, by Application (%) (2020-2031)
- 4.4 Global Residential Energy Storage Average Price by Application (2020-2031)
5 Segmentation by Region
- 5.1 Global Residential Energy Storage Sales Value by Region
- 5.1.1 Global Residential Energy Storage Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global Residential Energy Storage Sales Value by Region (2020-2025)
- 5.1.3 Global Residential Energy Storage Sales Value by Region (2026-2031)
- 5.1.4 Global Residential Energy Storage Sales Value by Region (%), (2020-2031)
- 5.2 Global Residential Energy Storage Sales Volume by Region
- 5.2.1 Global Residential Energy Storage Sales Volume by Region: 2020 VS 2024 VS 2031
- 5.2.2 Global Residential Energy Storage Sales Volume by Region (2020-2025)
- 5.2.3 Global Residential Energy Storage Sales Volume by Region (2026-2031)
- 5.2.4 Global Residential Energy Storage Sales Volume by Region (%), (2020-2031)
- 5.3 Global Residential Energy Storage Average Price by Region (2020-2031)
- 5.4 North America
- 5.4.1 North America Residential Energy Storage Sales Value, 2020-2031
- 5.4.2 North America Residential Energy Storage Sales Value by Country (%), 2024 VS 2031
- 5.5 Europe
- 5.5.1 Europe Residential Energy Storage Sales Value, 2020-2031
- 5.5.2 Europe Residential Energy Storage Sales Value by Country (%), 2024 VS 2031
- 5.6 Asia Pacific
- 5.6.1 Asia Pacific Residential Energy Storage Sales Value, 2020-2031
- 5.6.2 Asia Pacific Residential Energy Storage Sales Value by Region (%), 2024 VS 2031
- 5.7 South America
- 5.7.1 South America Residential Energy Storage Sales Value, 2020-2031
- 5.7.2 South America Residential Energy Storage Sales Value by Country (%), 2024 VS 2031
- 5.8 Middle East & Africa
- 5.8.1 Middle East & Africa Residential Energy Storage Sales Value, 2020-2031
- 5.8.2 Middle East & Africa Residential Energy Storage Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Residential Energy Storage Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Residential Energy Storage Sales Value and Sales Volume
- 6.2.1 Key Countries/Regions Residential Energy Storage Sales Value, 2020-2031
- 6.2.2 Key Countries/Regions Residential Energy Storage Sales Volume, 2020-2031
- 6.3 United States
- 6.3.1 United States Residential Energy Storage Sales Value, 2020-2031
- 6.3.2 United States Residential Energy Storage Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States Residential Energy Storage Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Residential Energy Storage Sales Value, 2020-2031
- 6.4.2 Europe Residential Energy Storage Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe Residential Energy Storage Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Residential Energy Storage Sales Value, 2020-2031
- 6.5.2 China Residential Energy Storage Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China Residential Energy Storage Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Residential Energy Storage Sales Value, 2020-2031
- 6.6.2 Japan Residential Energy Storage Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan Residential Energy Storage Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Residential Energy Storage Sales Value, 2020-2031
- 6.7.2 South Korea Residential Energy Storage Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea Residential Energy Storage Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Residential Energy Storage Sales Value, 2020-2031
- 6.8.2 Southeast Asia Residential Energy Storage Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia Residential Energy Storage Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Residential Energy Storage Sales Value, 2020-2031
- 6.9.2 India Residential Energy Storage Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India Residential Energy Storage Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 Samsung SDI
- 7.1.1 Samsung SDI Company Information
- 7.1.2 Samsung SDI Introduction and Business Overview
- 7.1.3 Samsung SDI Residential Energy Storage Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.1.4 Samsung SDI Residential Energy Storage Product Offerings
- 7.1.5 Samsung SDI Recent Development
- 7.2 LG
- 7.2.1 LG Company Information
- 7.2.2 LG Introduction and Business Overview
- 7.2.3 LG Residential Energy Storage Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.2.4 LG Residential Energy Storage Product Offerings
- 7.2.5 LG Recent Development
- 7.3 Tesla
- 7.3.1 Tesla Company Information
- 7.3.2 Tesla Introduction and Business Overview
- 7.3.3 Tesla Residential Energy Storage Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.3.4 Tesla Residential Energy Storage Product Offerings
- 7.3.5 Tesla Recent Development
- 7.4 Great Power
- 7.4.1 Great Power Company Information
- 7.4.2 Great Power Introduction and Business Overview
- 7.4.3 Great Power Residential Energy Storage Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.4.4 Great Power Residential Energy Storage Product Offerings
- 7.4.5 Great Power Recent Development
- 7.5 BYD
- 7.5.1 BYD Company Information
- 7.5.2 BYD Introduction and Business Overview
- 7.5.3 BYD Residential Energy Storage Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.5.4 BYD Residential Energy Storage Product Offerings
- 7.5.5 BYD Recent Development
- 7.6 EVE
- 7.6.1 EVE Company Information
- 7.6.2 EVE Introduction and Business Overview
- 7.6.3 EVE Residential Energy Storage Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.6.4 EVE Residential Energy Storage Product Offerings
- 7.6.5 EVE Recent Development
- 7.7 Panasonic
- 7.7.1 Panasonic Company Information
- 7.7.2 Panasonic Introduction and Business Overview
- 7.7.3 Panasonic Residential Energy Storage Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.7.4 Panasonic Residential Energy Storage Product Offerings
- 7.7.5 Panasonic Recent Development
- 7.8 Pylon Technologies
- 7.8.1 Pylon Technologies Company Information
- 7.8.2 Pylon Technologies Introduction and Business Overview
- 7.8.3 Pylon Technologies Residential Energy Storage Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.8.4 Pylon Technologies Residential Energy Storage Product Offerings
- 7.8.5 Pylon Technologies Recent Development
8 Industry Chain Analysis
- 8.1 Residential Energy Storage Industrial Chain
- 8.2 Residential Energy Storage Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 Residential Energy Storage Sales Model
- 8.5.2 Sales Channel
- 8.5.3 Residential Energy Storage Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer