A BESS is an energy storage system (ESS) that captures energy from different sources, accumulates this energy, and stores it in rechargeable batteries for later use. Residential Battery Energy Storage Systems (BESS) is a home electricity storage product designed to store energy from solar or the grid which helps all households use energy more efficiently.
Market Analysis and Insights: Global Residential Battery Energy Storage Systems (BESS) Market
Due to the COVID-19 pandemic, the global Residential Battery Energy Storage Systems (BESS) market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, Below 10 kWh accounting for % of the Residential Battery Energy Storage Systems (BESS) global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Lithium-Ion Batteries segment is altered to an % CAGR throughout this forecast period.
China Residential Battery Energy Storage Systems (BESS) market size is valued at US$ million in 2021, while the US and Europe Residential Battery Energy Storage Systems (BESS) are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Residential Battery Energy Storage Systems (BESS) landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Residential Battery Energy Storage Systems (BESS) include Tesla, LG Chem, Sonnen, BYD, E3/DC (HagerEnergy GmbH), SENEC, VARTA, Alpha ESS and Sungrow Power, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Residential Battery Energy Storage Systems (BESS) capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Residential Battery Energy Storage Systems (BESS) by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Residential Battery Energy Storage Systems (BESS) Scope and Segment
Residential Battery Energy Storage Systems (BESS) market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Residential Battery Energy Storage Systems (BESS) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Below 10 kWh
Between 10 and 20 kWh
Above 20 kWh
Segment by Application
Lithium-Ion Batteries
Lead-Acid Batteries
Sodium Sulfur batteries
Flow Batteries
Others
By Company
Tesla
LG Chem
Sonnen
BYD
E3/DC (HagerEnergy GmbH)
SENEC
VARTA
Alpha ESS
Sungrow Power
Enphase Energy
Panasonic
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Colombia
Middle East & Africa
Turkey
Saudi Arabia
UAE