Blockchain Residential Energy Storage Market to 2024 Dominated by Automotive, Renewable Energy and Telecommunications Analysis by ACME Cleantech Solutions Pvt. Ltd., BMW Group, DMS Technologies, Exide Technologies GmbH and LG Chem Ltd.

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Research analyzes each major residential energy storage systems technology, determines its current market status, examines its impact on future markets, and presents forecasts of growth over the next five years. Estimated values used are based on manufacturer's total revenues. Projected and forecast revenue values are in constant US dollars, unadjusted for inflation. Technological issues, including the latest trends, are assessed and discussed, as are the current and likely-to-appear regulatory environments in support of this industry.

Research analyzes the industry on a worldwide basis in terms of its manufacturing and use of residential energy storage systems. Research examines government roles in support of residential energy storage systems technologies worldwide, including regulatory support and government requirements, for residential energy storage systems technologies. The report provides a review of the most relevant residential energy storage systems, discusses recent trends and sales, and provides industry overviews and market assessments for leading residential energy storage systems.

Report Includes:

- 45 data tables
- A comprehensive overview of the global market for residential energy storage, blockchain and energy sharing systems
- Analyses of global market trends, with data from 2017 to 2018, and projections of compound annual growth rates (CAGRs) through 2023
- Characterization and quantification of market potential for residential energy storage market by product offerings, storage types, applications, end user industries and major geographies
- Assess current market trends and technological updates along with the factors influencing the growth of residential energy storage market
- A relevant patent analysis
- Profiles of top market players within the industry including ACME Cleantech Solutions Pvt. Ltd., BMW Group, DMS Technologies, Exide Technologies GmbH and LG Chem Ltd.

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The scope of Residential Energy Storage, Blockchain market study includes the leading residential energy storage systems technologies that are currently in use globally. Residential home battery technologies are used across a number of industries and applications, such as automotive, renewable energy and telecommunications.

Introduction
• Study Goals and Objectives
• Reasons for Doing This Study
• Scope of Report
• Information Sources
• Methodology
• Geographic Breakdown
• What the Industry is Saying
• Analyst's Credentials

Energy storage technology has great potential to improve electric power grids and enable more selfconsumption of renewable electricity while providing alternatives to fossil fuels. The value proposition for residential energy storage today is where solar PV was seven years ago, and the factors that led PV to mass affordability will likely have a similar effect on battery storage systems. Battery costs have declined by REDACTED over the past decade, and dozens of startups and large manufacturers are now competing to develop safer, more efficient, lower-cost and longer-life battery chemistries.

The global RESS market grew from nearly REDACTED in 2017 to REDACTED in 2018, a growth rate of REDACTED. Over the forecast period, overall revenues from global RESS shipments are forecast to grow at acompound annual growth rate (CAGR) of REDACTED to reach a value of REDACTED in 2023. The market is being spurred by a number of factors, including feed-in tariff (FIT) and net metering revisions in historicresidential PV hotspots, subsidies and tax incentives, rapid price reductions in lithium-ion battery prices,and rising electricity tariffs.

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The largest technology sub-market is lithium-ion storage. The market for these systems was valued at REDACTED in 2017, growing at REDACTED to REDACTED in 2018, and is forecast to grow at a CAGR of REDACTED over the next five years to reach a market value of nearly REDACTED by 2023. Lithium-ion dominates onaccount of its low cost, but it has reached that cost because of demand driving production. Thisfavorable increasing-demand/decreasing-cost trend is not expected to slow down through 2023.

Residential Energy Storage, Blockchain were concentrated in two states, California and Hawaii, which together account for 72 percent of megawatt-hours on the quarter. Wood Mackenzie Power & Renewables senior analyst Brett Simon notes that there are no signs these two states will relinquish their residential market lead; however, he posits that there is an exciting race for the No. 3 spot.

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