SHARE
Residential Battery Market

Residential Battery Market Forecasts to 2028 – Global Analysis By Type (Lead-Acid Battery, Lithium-Ion Battery, Sodium-Ion Battery), Operation (Solar, Standalone), Power Rating (6-10 kW, 3-6 kW) and By Geography

4.2 (23 reviews)
Published: August 2021 ID: SMRC20898
4.2 (23 reviews)
Published: August 2021 ID: SMRC20898

This report covers the impact of COVID-19 on this global market
Loading...

According to Stratistics MRC, the Global Residential Battery market is accounted for $9.87 billion in 2020 and is expected to reach $36.85 billion by 2028 growing at a CAGR of 17.9% during the forecast period. Some of the key factors propelling the market growth include supporting the operational advantages of LI-ion batteries, increasing deployment of solar power generation, rising need for energy storage solutions in the residential sector across the world, and growing adoption of renewable and low cost of lithium-ion batteries. However, short life span of batteries and less efficiency are restricting the market growth.

Residential battery is used to store energy electric energy in the batteries. These are used across various industries; for instance, they are deployed in electric vehicles and also in smart meters. These are found to be extremely useful in remote areas deprived of a stable grid connection. These rooftop solar installations store energy and allow the user to use it in case of power cuts. Similarly, these batteries are also charged using the standard grid connection network and brought to work in cases of power cuts.

By type, the lithium-ion battery segment is expected to grow at a significant rate during the forecast period, due to its capacity-to-weight ratio, high energy density, better performance, decreasing price, high efficiency, higher capacity power packs, more economical, and the emergence of new and exciting markets such as electric vehicle and energy storage systems (ESS) for both commercial and residential applications.

On the basis of geography, Asia Pacific region is estimated to have considerable market growth during the forecast period, owing to increase in demand for continuous electricity supply, recent investments in solar electricity generation, government’s policy and regulatory support, and domestic demand for solar-related equipment through subsidies and installation targets.

Some of the key players in Residential Battery Market include Luminous Power Technologies, Hitachi, Ltd., Samsung SDI Co. Ltd., Amara Raja Batteries Ltd, FIMER SpA, NEC Corp, ABB Ltd, Delta Electronics Ltd., LG Chem Ltd, Generac Holdings,Inc., Tesla Inc, Sonnen GmbH, Siemens AG, Contemporary Amperex Technology Co. Limited, Panasonic Corporation, Tianjin Lishen Battery Joint-Stock Co., Ltd., Eaton, Schneider Electric, and BYD Electronic Company Limited.

Types Covered:
• Lead-Acid Battery
• Lithium-Ion Battery
• Sodium-Ion Battery

Operations Covered:
• Solar
• Standalone

Power Ratings Covered:
• 6-10  kW
• 3-6  kW

Distribution Channels Covered:
• Convenience Stores
• Online Retailers
• Supermarkets and Hypermarkets
• Specialist Retailers

Applications Covered:
• Residential Power Supply
• Household Appliances

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe       
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand 
o South Korea              
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary     
       
2 Preface      

 2.1 Abstract     
 2.2 Stake Holders    
 2.3 Research Scope    
 2.4 Research Methodology   
  2.4.1 Data Mining   
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach   
 2.5 Research Sources    
  2.5.1 Primary Research Sources  
  2.5.2 Secondary Research Sources  
  2.5.3 Assumptions   
       
3 Market Trend Analysis    
 3.1 Introduction    
 3.2 Drivers     
 3.3 Restraints     
 3.4 Opportunities    
 3.5 Threats     
 3.6 Application Analysis    
 3.7 Emerging Markets    
 3.8 Impact of Covid-19    
       
4 Porters Five Force Analysis    
 4.1 Bargaining power of suppliers   
 4.2 Bargaining power of buyers   
 4.3 Threat of substitutes    
 4.4 Threat of new entrants   
 4.5 Competitive rivalry    
       
5 Global Residential Battery Market, By Type  
 5.1 Introduction    
 5.2 Lead-Acid Battery    
 5.3 Lithium-Ion Battery    
 5.4 Sodium-Ion Battery    
       
6 Global Residential Battery Market, By Operation  
 6.1 Introduction    
 6.2 Solar     
 6.3 Standalone    
       
7 Global Residential Battery Market, By Power Rating  
 7.1 Introduction    
 7.2 6-10  kW     
 7.3 3-6  kW     
       
8 Global Residential Battery Market, By Distribution Channel 
 8.1 Introduction    
 8.2 Convenience Stores    
 8.3 Online Retailers    
 8.4 Supermarkets and Hypermarkets   
 8.5 Specialist Retailers    
       
9 Global Residential Battery Market, By Application  
 9.1 Introduction    
 9.2 Residential Power Supply   
 9.3 Household Appliances   
       
10 Global Residential Battery Market, By Geography  
 10.1 Introduction    
 10.2 North America    
  10.2.1 US    
  10.2.2 Canada    
  10.2.3 Mexico    
 10.3 Europe     
  10.3.1 Germany    
  10.3.2 UK    
  10.3.3 Italy    
  10.3.4 France    
  10.3.5 Spain    
  10.3.6 Rest of Europe   
 10.4 Asia Pacific    
  10.4.1 Japan    
  10.4.2 China    
  10.4.3 India    
  10.4.4 Australia    
  10.4.5 New Zealand   
  10.4.6 South Korea   
  10.4.7 Rest of Asia Pacific   
 10.5 South America    
  10.5.1 Argentina    
  10.5.2 Brazil    
  10.5.3 Chile    
  10.5.4 Rest of South America  
 10.6 Middle East & Africa    
  10.6.1 Saudi Arabia   
  10.6.2 UAE    
  10.6.3 Qatar    
  10.6.4 South Africa   
  10.6.5 Rest of Middle East & Africa  
       
11 Key Developments     
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
 11.2 Acquisitions & Mergers   
 11.3 New Product Launch    
 11.4 Expansions    
 11.5 Other Key Strategies    
       
12 Company Profiling     
 12.1 Luminous Power Technologies   
 12.2 Hitachi, Ltd.    
 12.3 Samsung SDI Co. Ltd.    
 12.4 Amara Raja Batteries Ltd   
 12.5 FIMER SpA
 12.6 NEC Corp     
 12.7 ABB Ltd     
 12.8 Delta Electronics Ltd.   
 12.9 LG Chem Ltd    
 12.10 Generac Holdings,Inc.   
 12.11 Tesla Inc     
 12.12 Sonnen GmbH    
 12.13 Siemens AG    
 12.14 Contemporary Amperex Technology Co. Limited 
 12.15 Panasonic Corporation   
 12.16 Tianjin Lishen Battery Joint-Stock Co., Ltd.  
 12.17 Eaton     
 12.18 Schneider Electric    
 12.19 BYD Electronic Company Limited  


List of Tables      
1 Global Residential Battery Market Outlook, By Region (2019-2028) ($MN) Nissan
2 Global Residential Battery Market Outlook, By Type (2019-2028) ($MN)
3 Global Residential Battery Market Outlook, By Lead-Acid Battery (2019-2028) ($MN)
4 Global Residential Battery Market Outlook, By Lithium-Ion Battery (2019-2028) ($MN)
5 Global Residential Battery Market Outlook, By Sodium-Ion Battery (2019-2028) ($MN)
6 Global Residential Battery Market Outlook, By Operation (2019-2028) ($MN)
7 Global Residential Battery Market Outlook, By Solar (2019-2028) ($MN)
8 Global Residential Battery Market Outlook, By Standalone (2019-2028) ($MN)
9 Global Residential Battery Market Outlook, By Power Rating (2019-2028) ($MN)
10 Global Residential Battery Market Outlook, By 6-10  kW (2019-2028) ($MN)
11 Global Residential Battery Market Outlook, By 3-6  kW (2019-2028) ($MN)
12 Global Residential Battery Market Outlook, By Distribution Channel (2019-2028) ($MN)
13 Global Residential Battery Market Outlook, By Convenience Stores (2019-2028) ($MN)
14 Global Residential Battery Market Outlook, By Online Retailers (2019-2028) ($MN)
15 Global Residential Battery Market Outlook, By Supermarkets and Hypermarkets (2019-2028) ($MN)
16 Global Residential Battery Market Outlook, By Specialist Retailers (2019-2028) ($MN)
17 Global Residential Battery Market Outlook, By Application (2019-2028) ($MN)
18 Global Residential Battery Market Outlook, By Residential Power Supply (2019-2028) ($MN)
19 Global Residential Battery Market Outlook, By Household Appliances (2019-2028) ($MN)
20 North America Residential Battery Market Outlook, By Country (2019-2028) ($MN)
21 North America Residential Battery Market Outlook, By Type (2019-2028) ($MN)
22 North America Residential Battery Market Outlook, By Lead-Acid Battery (2019-2028) ($MN)
23 North America Residential Battery Market Outlook, By Lithium-Ion Battery (2019-2028) ($MN)
24 North America Residential Battery Market Outlook, By Sodium-Ion Battery (2019-2028) ($MN)
25 North America Residential Battery Market Outlook, By Operation (2019-2028) ($MN)
26 North America Residential Battery Market Outlook, By Solar (2019-2028) ($MN)
27 North America Residential Battery Market Outlook, By Standalone (2019-2028) ($MN)
28 North America Residential Battery Market Outlook, By Power Rating (2019-2028) ($MN)
29 North America Residential Battery Market Outlook, By 6-10  kW (2019-2028) ($MN)
30 North America Residential Battery Market Outlook, By 3-6  kW (2019-2028) ($MN)
31 North America Residential Battery Market Outlook, By Distribution Channel (2019-2028) ($MN)
32 North America Residential Battery Market Outlook, By Convenience Stores (2019-2028) ($MN)
33 North America Residential Battery Market Outlook, By Online Retailers (2019-2028) ($MN)
34 North America Residential Battery Market Outlook, By Supermarkets and Hypermarkets (2019-2028) ($MN)
35 North America Residential Battery Market Outlook, By Specialist Retailers (2019-2028) ($MN)
36 North America Residential Battery Market Outlook, By Application (2019-2028) ($MN)
37 North America Residential Battery Market Outlook, By Residential Power Supply (2019-2028) ($MN)
38 North America Residential Battery Market Outlook, By Household Appliances (2019-2028) ($MN)
39 Europe Residential Battery Market Outlook, By Country (2019-2028) ($MN)
40 Europe Residential Battery Market Outlook, By Type (2019-2028) ($MN)
41 Europe Residential Battery Market Outlook, By Lead-Acid Battery (2019-2028) ($MN)
42 Europe Residential Battery Market Outlook, By Lithium-Ion Battery (2019-2028) ($MN)
43 Europe Residential Battery Market Outlook, By Sodium-Ion Battery (2019-2028) ($MN)
44 Europe Residential Battery Market Outlook, By Operation (2019-2028) ($MN)
45 Europe Residential Battery Market Outlook, By Solar (2019-2028) ($MN)
46 Europe Residential Battery Market Outlook, By Standalone (2019-2028) ($MN)
47 Europe Residential Battery Market Outlook, By Power Rating (2019-2028) ($MN)
48 Europe Residential Battery Market Outlook, By 6-10  kW (2019-2028) ($MN)
49 Europe Residential Battery Market Outlook, By 3-6  kW (2019-2028) ($MN)
50 Europe Residential Battery Market Outlook, By Distribution Channel (2019-2028) ($MN)
51 Europe Residential Battery Market Outlook, By Convenience Stores (2019-2028) ($MN)
52 Europe Residential Battery Market Outlook, By Online Retailers (2019-2028) ($MN)
53 Europe Residential Battery Market Outlook, By Supermarkets and Hypermarkets (2019-2028) ($MN)
54 Europe Residential Battery Market Outlook, By Specialist Retailers (2019-2028) ($MN)
55 Europe Residential Battery Market Outlook, By Application (2019-2028) ($MN)
56 Europe Residential Battery Market Outlook, By Residential Power Supply (2019-2028) ($MN)
57 Europe Residential Battery Market Outlook, By Household Appliances (2019-2028) ($MN)
58 Asia Pacific Residential Battery Market Outlook, By Country (2019-2028) ($MN)
59 Asia Pacific Residential Battery Market Outlook, By Type (2019-2028) ($MN)
60 Asia Pacific Residential Battery Market Outlook, By Lead-Acid Battery (2019-2028) ($MN)
61 Asia Pacific Residential Battery Market Outlook, By Lithium-Ion Battery (2019-2028) ($MN)
62 Asia Pacific Residential Battery Market Outlook, By Sodium-Ion Battery (2019-2028) ($MN)
63 Asia Pacific Residential Battery Market Outlook, By Operation (2019-2028) ($MN)
64 Asia Pacific Residential Battery Market Outlook, By Solar (2019-2028) ($MN)
65 Asia Pacific Residential Battery Market Outlook, By Standalone (2019-2028) ($MN)
66 Asia Pacific Residential Battery Market Outlook, By Power Rating (2019-2028) ($MN)
67 Asia Pacific Residential Battery Market Outlook, By 6-10  kW (2019-2028) ($MN)
68 Asia Pacific Residential Battery Market Outlook, By 3-6  kW (2019-2028) ($MN)
69 Asia Pacific Residential Battery Market Outlook, By Distribution Channel (2019-2028) ($MN)
70 Asia Pacific Residential Battery Market Outlook, By Convenience Stores (2019-2028) ($MN)
71 Asia Pacific Residential Battery Market Outlook, By Online Retailers (2019-2028) ($MN)
72 Asia Pacific Residential Battery Market Outlook, By Supermarkets and Hypermarkets (2019-2028) ($MN)
73 Asia Pacific Residential Battery Market Outlook, By Specialist Retailers (2019-2028) ($MN)
74 Asia Pacific Residential Battery Market Outlook, By Application (2019-2028) ($MN)
75 Asia Pacific Residential Battery Market Outlook, By Residential Power Supply (2019-2028) ($MN)
76 Asia Pacific Residential Battery Market Outlook, By Household Appliances (2019-2028) ($MN)
77 South America Residential Battery Market Outlook, By Country (2019-2028) ($MN)
78 South America Residential Battery Market Outlook, By Type (2019-2028) ($MN)
79 South America Residential Battery Market Outlook, By Lead-Acid Battery (2019-2028) ($MN)
80 South America Residential Battery Market Outlook, By Lithium-Ion Battery (2019-2028) ($MN)
81 South America Residential Battery Market Outlook, By Sodium-Ion Battery (2019-2028) ($MN)
82 South America Residential Battery Market Outlook, By Operation (2019-2028) ($MN)
83 South America Residential Battery Market Outlook, By Solar (2019-2028) ($MN)
84 South America Residential Battery Market Outlook, By Standalone (2019-2028) ($MN)
85 South America Residential Battery Market Outlook, By Power Rating (2019-2028) ($MN)
86 South America Residential Battery Market Outlook, By 6-10  kW (2019-2028) ($MN)
87 South America Residential Battery Market Outlook, By 3-6  kW (2019-2028) ($MN)
88 South America Residential Battery Market Outlook, By Distribution Channel (2019-2028) ($MN)
89 South America Residential Battery Market Outlook, By Convenience Stores (2019-2028) ($MN)
90 South America Residential Battery Market Outlook, By Online Retailers (2019-2028) ($MN)
91 South America Residential Battery Market Outlook, By Supermarkets and Hypermarkets (2019-2028) ($MN)
92 South America Residential Battery Market Outlook, By Specialist Retailers (2019-2028) ($MN)
93 South America Residential Battery Market Outlook, By Application (2019-2028) ($MN)
94 South America Residential Battery Market Outlook, By Residential Power Supply (2019-2028) ($MN)
95 South America Residential Battery Market Outlook, By Household Appliances (2019-2028) ($MN)
96 Middle East & Africa Residential Battery Market Outlook, By Country (2019-2028) ($MN)
97 Middle East & Africa Residential Battery Market Outlook, By Type (2019-2028) ($MN)
98 Middle East & Africa Residential Battery Market Outlook, By Lead-Acid Battery (2019-2028) ($MN)
99 Middle East & Africa Residential Battery Market Outlook, By Lithium-Ion Battery (2019-2028) ($MN)
100 Middle East & Africa Residential Battery Market Outlook, By Sodium-Ion Battery (2019-2028) ($MN)
101 Middle East & Africa Residential Battery Market Outlook, By Operation (2019-2028) ($MN)
102 Middle East & Africa Residential Battery Market Outlook, By Solar (2019-2028) ($MN)
103 Middle East & Africa Residential Battery Market Outlook, By Standalone (2019-2028) ($MN)
104 Middle East & Africa Residential Battery Market Outlook, By Power Rating (2019-2028) ($MN)
105 Middle East & Africa Residential Battery Market Outlook, By 6-10  kW (2019-2028) ($MN)
106 Middle East & Africa Residential Battery Market Outlook, By 3-6  kW (2019-2028) ($MN)
107 Middle East & Africa Residential Battery Market Outlook, By Distribution Channel (2019-2028) ($MN)
108 Middle East & Africa Residential Battery Market Outlook, By Convenience Stores (2019-2028) ($MN)
109 Middle East & Africa Residential Battery Market Outlook, By Online Retailers (2019-2028) ($MN)
110 Middle East & Africa Residential Battery Market Outlook, By Supermarkets and Hypermarkets (2019-2028) ($MN)
111 Middle East & Africa Residential Battery Market Outlook, By Specialist Retailers (2019-2028) ($MN)
112 Middle East & Africa Residential Battery Market Outlook, By Application (2019-2028) ($MN)
113 Middle East & Africa Residential Battery Market Outlook, By Residential Power Supply (2019-2028) ($MN)
114 Middle East & Africa Residential Battery Market Outlook, By Household Appliances (2019-2028) ($MN)

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

Select License Type

Allows one person to have access to the ordered product.The ordered product cannot be distributed to anyone else.
Allows the ordered product to be shared among a maximum of 5 people within your organisation.
Allows the product to be shared among all employees of your organisation at one particular location.
Allows the product to be shared among all employees of your organisation regardless of their geographical location.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials