Residential Solar Energy Storage Market to Witness Significant Uptake in North America, Europe, and APAC | Forecast 2025-2031

Los Angeles, United States - QY Research has unveiled its latest study titled "Global Residential Solar Energy Storage Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031." This newly released report delivers a comprehensive overview of the global Residential Solar Energy Storage market, analyzing the forces shaping its growth trajectory and providing valuable insights for stakeholders, investors, and industry professionals.

The global market for Residential Solar Energy Storage was estimated to be worth US$ 3511 million in 2024 and is forecast to a readjusted size of US$ 6815 million by 2031 with a CAGR of 10.3% during the forecast period 2025-2031.

The research covers key areas including market dynamics, segmentation, regional performance, competitive landscape, and emerging technology trends that are redefining industry standards. Backed by reliable data and expert analysis, the report serves as a trusted guide to understanding both microeconomic and macroeconomic factors driving market evolution.

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This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Residential Solar Energy Storage cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.

The residential energy storage solutions feature robust, maintenance-free Trojan Solar AGM batteries, which are designed to not only provide emergency backup power capabilities during devastating storms, grid brownouts and blackouts, but can also be used to provide supplemental off-grid power. Residential Solar Energy Storage is usually no more than 30KWh.

In USA market, residential solar energy storage is mainly classified into the following types: li-ion battery and lead-acid battery. Li-ion battery is the most widely used type which takes up around 97% of the total in the US market. Residential solar energy storage is used in collective house and detached house. Detached house was the most widely used area which took up nearly about 58.4% of the U.S. total. East Penn Manufacturing, LG Chem, BYD, Panasonic, Tesla, Samsung SDI, Sonnen, Saft, A123 Systems, Enphase Energy, E-On Batteries, etc. are the key suppliers in the U.S. residential solar energy storage market. Top 3 took up about 80% of the U.S. market.

Competitive Landscape: -

Tesla
LG Chem
East Penn Manufacturing
Sonnen
A123 Systems
Panasonic
E-On Batteries
Enphase Energy
Exide Technologies
Samsung SDI
Saft
Hoppecke Batterien
BYD
AlphaESS
Fortress Power
SankoPower

The competitive landscape is a must-have information for the market players to withstand the competition present in the global Residential Solar Energy Storage market. This further helps the market participants to develop effective strategies to optimize their market positions. Moreover, the competitive analysis helps them to determine potential advantages as well as barriers within the global Residential Solar Energy Storage market. This way, they can monitor how their competitors are implementing various strategies including pricing, marketing, and distribution.

Market Drivers -

1. Economic Incentives and Financial Optimization

This is a primary motivator for homeowners, turning a battery into a financial asset.

Maximizing Self-Consumption: Solar panels generate the most electricity in the middle of the day, when homeowners are often not using the most power. A battery stores this excess solar energy for use in the evening when consumption is high, instead of exporting it to the grid. This dramatically increases the amount of free solar energy a homeowner uses, reducing their electricity bills.

Government Incentives and Tax Credits: Policies like the Federal Investment Tax Credit (ITC) in the U.S. significantly reduce the upfront cost of installing a solar-plus-storage system. Many states and utilities offer additional rebates (e.g., SGIP in California) or performance-based incentives, improving the return on investment.

Potential for Future Revenue Streams: The concept of Virtual Power Plants (VPPs) is emerging. Utilities or aggregators can compensate homeowners for allowing them to draw small amounts of energy from their collective batteries during times of extreme grid demand, turning the battery into a potential source of income.

2. Energy Resilience and Security

This driver has become increasingly important due to climate change and grid instability.

Backup Power During Outages: This is a huge selling point. With increasing frequency and duration of power outages due to extreme weather (wildfires, storms, heatwaves), a solar-storage system provides critical backup power to keep lights, refrigerators, medical equipment, and communications running.

Grid Independence: For some homeowners, particularly in areas with unreliable grids or very high electricity costs, storage offers a path toward greater energy independence and security, reducing reliance on the traditional utility grid.

3. Technological Advancement and Cost Reduction

The technology itself has become viable for mass adoption.

Falling Battery Costs: The cost of lithium-ion batteries, driven by economies of scale from the electric vehicle industry, has plummeted over the past decade, making storage systems more affordable for the average homeowner.

Improved Technology: Modern batteries offer higher energy density (more storage in a smaller space), longer lifespans (more cycles), and better efficiency. The integration of software and smart energy management systems allows for optimal, automated control of energy use and storage.

Seamless Integration: Manufacturers now offer fully integrated systems (solar inverters and batteries) that are easier to install, more aesthetically pleasing, and simpler for homeowners to monitor and control via smartphone apps.

Regional Insights -

The report takes readers on a journey through four key regions: United States, Asia-Pacific, and EMEA. Key nations like the United States, Germany, the United Kingdom, China, Japan, South Korea, and more are thoroughly examined. The data is presented in a timeline from 2024 as the base year, with projections extending to 2031.

North America: United States, Canada, Mexico

Latin America: Brazil and other key markets

Asia Pacific: China, Japan, South Korea, India, ASEAN countries

Europe, Middle East & Africa (EMEA): Major European economies, GCC countries, and African nations

The report provides a region-wise breakdown of market share, consumption trends, and future prospects.

Detailed of Residential Solar Energy Storage Market Segmentation -

The report offers great insights into important segments of the global Residential Solar Energy Storage market while concentrating on their CAGR, market size, market share, and future growth potential. The global Residential Solar Energy Storage market is mainly segmented according to type of product, application, and region. Each segment in these categories is extensively researched to become familiar with their growth prospects and key trends. Segmental analysis is highly important to identify key growth pockets of a global market. The report provides specific information on the market growth and demand of different products and applications to help players to focus on profitable areas of the global Residential Solar Energy Storage market.

Segmentation By Type :-

Li-Ion
Lead-Acid

Segmentation By Application -

Collective House
Detached House

This segmentation helps identify high-growth opportunities and niche segments for investors and businesses.

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Why This Report is a Must-Have -

ᗒ Historical Analysis (2020-2024) & Forecasts (2025-2031): Gain a clear understanding of market trends and future growth potential.

ᗒ Comprehensive Market Segmentation: Detailed breakdown by Type, Application, and Region to identify lucrative opportunities.

ᗒ Competitive Landscape: Insights into key players, their market share, and strategic developments like mergers, acquisitions, and expansion plans.

ᗒ Drivers & Restraints: Understand the factors shaping the market's growth and the challenges that could impact your strategy.

ᗒ Expert Opinions & Market Dynamics: Benefit from expert analysis to navigate market risks and capitalize on emerging trends.

Residential Solar Energy Storage Market Report Objectives -

(1) Analyzing the size of the global Residential Solar Energy Storage market on the basis of value and volume

(2) Accurately calculating the market shares, consumption, and other vital factors of different segments of the global Residential Solar Energy Storage market

(3) Exploring key dynamics of the global Residential Solar Energy Storage market

(4) Highlighting important trends of the global Residential Solar Energy Storage market in terms of production, revenue, and sales

(5) Deeply profiling top players of the global Residential Solar Energy Storage market and showing how they compete in the industry

(6) Studying manufacturing processes and costs, product pricing, and various trends related to them

(7) Showing the performance of different regions and countries in the global Residential Solar Energy Storage market

(8) Forecasting the market size and share of all segments, regions, and the global market.

Important Questions Answered included in the Report:-

(A) What is the market size and growth rate of the global and regional market by various segments?

(B) What is the market size and growth rate of the market for selective Countries?

(C) Which region or sub-segment is expected to drive the market in the forecast period?

(D) What factors are estimated to drive and restrain the market growth?

(E) What are the key technology and market trends shaping the market?

(F) what are the key opportunity in the market?

(G) Who are the leading manufacturers operating in the global Residential Solar Energy Storage market?

(H) Which key player accounted for the highest market share?

(I) What are the growth opportunities for the new entrants in the global Residential Solar Energy Storage market?

Table of Contents - Major Key Points:

1 Market Overview
1.1 Residential Solar Energy Storage Product Introduction
1.2 Global Residential Solar Energy Storage Market Size Forecast
1.2.1 Global Residential Solar Energy Storage Sales Value (2020-2031)
1.2.2 Global Residential Solar Energy Storage Sales Volume (2020-2031)
1.2.3 Global Residential Solar Energy Storage Sales Price (2020-2031)
1.3 Residential Solar Energy Storage Market Trends & Drivers
1.3.1 Residential Solar Energy Storage Industry Trends
1.3.2 Residential Solar Energy Storage Market Drivers & Opportunity
1.3.3 Residential Solar Energy Storage Market Challenges
1.3.4 Residential Solar Energy Storage Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Residential Solar Energy Storage Players Revenue Ranking (2024)
2.2 Global Residential Solar Energy Storage Revenue by Company (2020-2025)
2.3 Global Residential Solar Energy Storage Players Sales Volume Ranking (2024)
2.4 Global Residential Solar Energy Storage Sales Volume by Company Players (2020-2025)
2.5 Global Residential Solar Energy Storage Average Price by Company (2020-2025)
2.6 Key Manufacturers Residential Solar Energy Storage Manufacturing Base and Headquarters
2.7 Key Manufacturers Residential Solar Energy Storage Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Residential Solar Energy Storage
2.9 Residential Solar Energy Storage Market Competitive Analysis
2.9.1 Residential Solar Energy Storage Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Residential Solar Energy Storage Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Residential Solar Energy Storage as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Li-Ion
3.1.2 Lead-Acid
3.2 Global Residential Solar Energy Storage Sales Value by Type
3.2.1 Global Residential Solar Energy Storage Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Residential Solar Energy Storage Sales Value, by Type (2020-2031)
3.2.3 Global Residential Solar Energy Storage Sales Value, by Type (%) (2020-2031)
3.3 Global Residential Solar Energy Storage Sales Volume by Type
3.3.1 Global Residential Solar Energy Storage Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Residential Solar Energy Storage Sales Volume, by Type (2020-2031)
3.3.3 Global Residential Solar Energy Storage Sales Volume, by Type (%) (2020-2031)
3.4 Global Residential Solar Energy Storage Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Collective House
4.1.2 Detached House
4.2 Global Residential Solar Energy Storage Sales Value by Application
4.2.1 Global Residential Solar Energy Storage Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Residential Solar Energy Storage Sales Value, by Application (2020-2031)
4.2.3 Global Residential Solar Energy Storage Sales Value, by Application (%) (2020-2031)
4.3 Global Residential Solar Energy Storage Sales Volume by Application
4.3.1 Global Residential Solar Energy Storage Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Residential Solar Energy Storage Sales Volume, by Application (2020-2031)
4.3.3 Global Residential Solar Energy Storage Sales Volume, by Application (%) (2020-2031)
4.4 Global Residential Solar Energy Storage Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Residential Solar Energy Storage Sales Value by Region
5.1.1 Global Residential Solar Energy Storage Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Residential Solar Energy Storage Sales Value by Region (2020-2025)
5.1.3 Global Residential Solar Energy Storage Sales Value by Region (2026-2031)
5.1.4 Global Residential Solar Energy Storage Sales Value by Region (%), (2020-2031)
5.2 Global Residential Solar Energy Storage Sales Volume by Region
5.2.1 Global Residential Solar Energy Storage Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Residential Solar Energy Storage Sales Volume by Region (2020-2025)
5.2.3 Global Residential Solar Energy Storage Sales Volume by Region (2026-2031)
5.2.4 Global Residential Solar Energy Storage Sales Volume by Region (%), (2020-2031)
5.3 Global Residential Solar Energy Storage Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Residential Solar Energy Storage Sales Value, 2020-2031
5.4.2 North America Residential Solar Energy Storage Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Residential Solar Energy Storage Sales Value, 2020-2031
5.5.2 Europe Residential Solar Energy Storage Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Residential Solar Energy Storage Sales Value, 2020-2031
5.6.2 Asia Pacific Residential Solar Energy Storage Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Residential Solar Energy Storage Sales Value, 2020-2031
5.7.2 South America Residential Solar Energy Storage Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Residential Solar Energy Storage Sales Value, 2020-2031
5.8.2 Middle East & Africa Residential Solar Energy Storage Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Residential Solar Energy Storage Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Residential Solar Energy Storage Sales Value and Sales Volume
6.2.1 Key Countries/Regions Residential Solar Energy Storage Sales Value, 2020-2031
6.2.2 Key Countries/Regions Residential Solar Energy Storage Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Residential Solar Energy Storage Sales Value, 2020-2031
6.3.2 United States Residential Solar Energy Storage Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Residential Solar Energy Storage Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Residential Solar Energy Storage Sales Value, 2020-2031
6.4.2 Europe Residential Solar Energy Storage Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Residential Solar Energy Storage Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Residential Solar Energy Storage Sales Value, 2020-2031
6.5.2 China Residential Solar Energy Storage Sales Value by Type (%), 2024 VS 2031
6.5.3 China Residential Solar Energy Storage Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Residential Solar Energy Storage Sales Value, 2020-2031
6.6.2 Japan Residential Solar Energy Storage Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Residential Solar Energy Storage Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Residential Solar Energy Storage Sales Value, 2020-2031
6.7.2 South Korea Residential Solar Energy Storage Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Residential Solar Energy Storage Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Residential Solar Energy Storage Sales Value, 2020-2031
6.8.2 Southeast Asia Residential Solar Energy Storage Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Residential Solar Energy Storage Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Residential Solar Energy Storage Sales Value, 2020-2031
6.9.2 India Residential Solar Energy Storage Sales Value by Type (%), 2024 VS 2031
6.9.3 India Residential Solar Energy Storage Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Tesla
7.1.1 Tesla Company Information
7.1.2 Tesla Introduction and Business Overview
7.1.3 Tesla Residential Solar Energy Storage Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Tesla Residential Solar Energy Storage Product Offerings
7.1.5 Tesla Recent Development
7.2 LG Chem
7.2.1 LG Chem Company Information
7.2.2 LG Chem Introduction and Business Overview
7.2.3 LG Chem Residential Solar Energy Storage Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 LG Chem Residential Solar Energy Storage Product Offerings
7.2.5 LG Chem Recent Development
7.3 East Penn Manufacturing
7.3.1 East Penn Manufacturing Company Information
7.3.2 East Penn Manufacturing Introduction and Business Overview
7.3.3 East Penn Manufacturing Residential Solar Energy Storage Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 East Penn Manufacturing Residential Solar Energy Storage Product Offerings
7.3.5 East Penn Manufacturing Recent Development
7.4 Sonnen
7.4.1 Sonnen Company Information
7.4.2 Sonnen Introduction and Business Overview
7.4.3 Sonnen Residential Solar Energy Storage Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Sonnen Residential Solar Energy Storage Product Offerings
7.4.5 Sonnen Recent Development
7.5 A123 Systems
7.5.1 A123 Systems Company Information
7.5.2 A123 Systems Introduction and Business Overview
7.5.3 A123 Systems Residential Solar Energy Storage Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 A123 Systems Residential Solar Energy Storage Product Offerings
7.5.5 A123 Systems Recent Development
7.6 Panasonic
7.6.1 Panasonic Company Information
7.6.2 Panasonic Introduction and Business Overview
7.6.3 Panasonic Residential Solar Energy Storage Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Panasonic Residential Solar Energy Storage Product Offerings
7.6.5 Panasonic Recent Development
7.7 E-On Batteries
7.7.1 E-On Batteries Company Information
7.7.2 E-On Batteries Introduction and Business Overview
7.7.3 E-On Batteries Residential Solar Energy Storage Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 E-On Batteries Residential Solar Energy Storage Product Offerings
7.7.5 E-On Batteries Recent Development
7.8 Enphase Energy
7.8.1 Enphase Energy Company Information
7.8.2 Enphase Energy Introduction and Business Overview
7.8.3 Enphase Energy Residential Solar Energy Storage Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Enphase Energy Residential Solar Energy Storage Product Offerings
7.8.5 Enphase Energy Recent Development
7.9 Exide Technologies
7.9.1 Exide Technologies Company Information
7.9.2 Exide Technologies Introduction and Business Overview
7.9.3 Exide Technologies Residential Solar Energy Storage Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Exide Technologies Residential Solar Energy Storage Product Offerings
7.9.5 Exide Technologies Recent Development
7.10 Samsung SDI
7.10.1 Samsung SDI Company Information
7.10.2 Samsung SDI Introduction and Business Overview
7.10.3 Samsung SDI Residential Solar Energy Storage Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Samsung SDI Residential Solar Energy Storage Product Offerings
7.10.5 Samsung SDI Recent Development
7.11 Saft
7.11.1 Saft Company Information
7.11.2 Saft Introduction and Business Overview
7.11.3 Saft Residential Solar Energy Storage Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 Saft Residential Solar Energy Storage Product Offerings
7.11.5 Saft Recent Development
7.12 Hoppecke Batterien
7.12.1 Hoppecke Batterien Company Information
7.12.2 Hoppecke Batterien Introduction and Business Overview
7.12.3 Hoppecke Batterien Residential Solar Energy Storage Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 Hoppecke Batterien Residential Solar Energy Storage Product Offerings
7.12.5 Hoppecke Batterien Recent Development
7.13 BYD
7.13.1 BYD Company Information
7.13.2 BYD Introduction and Business Overview
7.13.3 BYD Residential Solar Energy Storage Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 BYD Residential Solar Energy Storage Product Offerings
7.13.5 BYD Recent Development
7.14 AlphaESS
7.14.1 AlphaESS Company Information
7.14.2 AlphaESS Introduction and Business Overview
7.14.3 AlphaESS Residential Solar Energy Storage Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 AlphaESS Residential Solar Energy Storage Product Offerings
7.14.5 AlphaESS Recent Development
7.15 Fortress Power
7.15.1 Fortress Power Company Information
7.15.2 Fortress Power Introduction and Business Overview
7.15.3 Fortress Power Residential Solar Energy Storage Sales, Revenue, Price and Gross Margin (2020-2025)
7.15.4 Fortress Power Residential Solar Energy Storage Product Offerings
7.15.5 Fortress Power Recent Development
7.16 SankoPower
7.16.1 SankoPower Company Information
7.16.2 SankoPower Introduction and Business Overview
7.16.3 SankoPower Residential Solar Energy Storage Sales, Revenue, Price and Gross Margin (2020-2025)
7.16.4 SankoPower Residential Solar Energy Storage Product Offerings
7.16.5 SankoPower Recent Development
8 Industry Chain Analysis
8.1 Residential Solar Energy Storage Industrial Chain
8.2 Residential Solar Energy Storage Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Residential Solar Energy Storage Sales Model
8.5.2 Sales Channel
8.5.3 Residential Solar Energy Storage Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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