United States Residential Energy Storage Market is estimated to reach US$ 2,762.08 Million by 2031 | Major key players - ABB Ltd., Samsung Sdi Co., Ltd., BYD Company Limited.

Market Size and Growth:

The Global Residential Energy Storage Market size was worth US$ 893.01 million in 2023 and is estimated to reach US$ 2,762.08 million by 2031, growing at a CAGR of 15.16% during the forecast period (2024-2031).

The Residential Energy Storage Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Residential Energy Storage Market refers to the industry focused on systems that store electricity for home use, enabling energy independence, cost savings, and grid stability. These systems typically using lithium-ion or lead-acid batteries store power from renewable sources like solar panels or the grid, providing backup energy and improving energy efficiency in residential applications.

Recent Key Developments of United States and Japan:

USA:
Virtual Power Plants (VPPs) Expansion: Sunrun partnered with regional utilities to significantly expand Virtual Power Plant programs utilizing residential battery systems (Aug 2025).

Product Upgrades/Improvements: Tesla released updated Powerwall units featuring faster installation times and improved backup capabilities (Jun 2025 - the result was found in the search as Jun 2025, which is within the last 3 months relative to the search results date of October 2025).

Japan:
Compact Battery Launch: Panasonic launched a new line of compact residential battery storage systems specifically designed for urban apartments (Jul 2025).

Smart Home Integration Pilots: Tokyo Electric Power (TEPCO) began pilot programs focused on integrating residential energy storage with smart home platforms for grid management (Sep 2025).

List of the Key Players in the Residential Energy Storage Market:

ABB Ltd.
Samsung Sdi Co., Ltd.
BYD Company Limited
Eguana Technologies
Schneider Electric
Siemens AG
LG Chem
Tabuchi Electric
SMA Solar Technology
Eaton Corporation.

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This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Segments Covered in the Residential Energy Storage Market:

By Technology: Lithium-ion, Lead-acid.

By Ownership: Customer-owned, Utility-owned, Third party-owned.

By Connectivity: On-grid, Off-grid.

By Operation: Standalone Systems, Solar & Storage.

Regional Analysis:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Residential Energy Storage market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Residential Energy Storage Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The Global Residential Energy Storage market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Residential Energy Storage Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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People Also Ask:

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