Residential Solar Energy Storage Market Size Soaring at 31.9% CAGR to Reach 2616.2 million USD by 2024

A comprehensive research study on Residential Solar Energy Storage market added on Market Study Report provides insights into the market size and growth trends of this industry over the forecast timeline. The study evaluates key aspects of Residential Solar Energy Storage market in terms of the demand landscape, driving factors and growth strategies adopted by market players.

According to this study, over the next five years the Residential Solar Energy Storage market will register a 31.9% CAGR in terms of revenue, the global market size will reach US$ 2616.2 million by 2024, from US$ 863.6 million in 2019.

This report presents a comprehensive overview, market shares, and growth opportunities of Residential Solar Energy Storage market by product type, application, key manufacturers and key regions and countries. This study considers the Residential Solar Energy Storage value and volume generated from the sales of the following segments:

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The key manufacturers covered in this report:

  • East Penn Manufacturing
  • Enphase Energy
  • LG Chem
  • Panasonic
  • Tesla
  • BYD
  • Saft
  • Samsung SDI
  • A123 Systems
  • Sonnen
  • E-On Batteries
  • Fronius International
  • Exide Technologies
  • HOPPECKE Batterien

Segmentation by product type:



Segmentation by application:

Collective House

Detached House

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

     To study and analyze the global Residential Solar Energy Storage consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.

To understand the structure of Residential Solar Energy Storage market by identifying its various subsegments.

Focuses on the key global Residential Solar Energy Storage manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the Residential Solar Energy Storage with respect to individual growth trends, future prospects, and their contribution to the total market.

To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

To project the consumption of Residential Solar Energy Storage submarkets, with respect to key regions (along with their respective key countries).

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

To strategically profile the key players and comprehensively analyze their growth strategies.

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