Residential Solar Energy Storage Market to Reach US$ 6.82 Billion by 2031, Driven by Energy Resilience Needs, Financial Incentives, and Rapid Lithium-Ion Adoption

Market Summary -

The global Residential Solar Energy Storage Market was estimated to be worth US$ 3,511 million in 2024 and is forecast to reach a readjusted size of US$ 6,815 million by 2031, expanding at a strong CAGR of 10.3% during the forecast period 2025-2031.

According to QY Research, the newly released report titled "Residential Solar Energy Storage Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031" presents a comprehensive, data-driven analysis of the global residential solar storage industry. The study examines market size evolution, sales volume and revenue trends, pricing dynamics, competitive landscape, regional adoption patterns, and long-term growth opportunities for battery manufacturers, solar integrators, utilities, and investors.

Get Full PDF Sample Copy of the Report: (Including Full TOC, Tables & Charts): https://qyresearch.in/request-sample/energy-power-global-residential-solar-energy-storage-market-share-and-ranking-overall-sales-and-demand-forecast-2025-2031

Trade Policy Impact and Supply Chain Assessment -

This report provides a detailed assessment of recent tariff adjustments and international strategic countermeasures affecting the residential solar energy storage market. The analysis evaluates how trade policies influence cross-border manufacturing footprints, capital allocation strategies, regional supply chain dependencies, and component sourcing-particularly for battery cells, power electronics, and energy management systems. These insights help stakeholders anticipate policy-related risks and optimize global sourcing and investment decisions in an increasingly dynamic trade environment.

Product Definition and System Overview -

Residential Solar Energy Storage systems are battery-based solutions designed to store electricity generated by rooftop solar photovoltaic (PV) systems for later use. Typically sized at no more than 30 kWh, these systems enable homeowners to store excess daytime solar generation and use it during evening peak hours, grid outages, or periods of high electricity prices.

Modern residential storage solutions include maintenance-free battery technologies, such as advanced lithium-ion systems and robust AGM-based batteries, offering emergency backup power during storms, grid brownouts, and blackouts, while also supporting partial or full off-grid operation. Integrated inverters and smart energy management software allow homeowners to monitor, optimize, and automate energy usage seamlessly.

Market Dynamics and Growth Drivers -

Economic Incentives and Financial Optimization
Residential solar energy storage has increasingly become a financial asset for homeowners. By maximizing self-consumption of solar energy, batteries significantly reduce electricity bills and dependence on grid-supplied power. Government incentives-such as the U.S. Federal Investment Tax Credit (ITC) and state-level rebate programs-lower upfront installation costs and improve overall return on investment. Looking ahead, emerging Virtual Power Plant (VPP) models may allow homeowners to generate additional income by providing stored energy to utilities during peak demand periods.

Energy Resilience and Security -

Growing grid instability caused by extreme weather events has made backup power capability a key purchasing driver. Residential solar storage systems provide energy security during outages, keeping critical household systems operational. For homeowners in regions with high electricity costs or unreliable grids, storage solutions offer a path toward greater energy independence.

Technological Advancement and Cost Reduction
Rapid declines in lithium-ion battery costs, driven largely by scale-up in the electric vehicle industry, have made residential storage systems increasingly affordable. Improvements in energy density, cycle life, efficiency, and software-based energy management have further accelerated adoption. Fully integrated solar-plus-storage solutions are now easier to install, aesthetically appealing, and controllable through intuitive mobile applications.

U.S. Market Insights -

In the United States, residential solar energy storage systems are primarily classified into lithium-ion and lead-acid batteries, with lithium-ion technology accounting for approximately 97% of total installations due to its superior efficiency, lifespan, and compact design. By application, detached houses dominate the market, representing nearly 58.4% of total U.S. demand, reflecting higher rooftop solar penetration and available installation space.

The U.S. market is relatively concentrated, with the top three suppliers accounting for around 80% of total market share, supported by strong brand recognition, integrated product ecosystems, and nationwide installer networks.

Market Scope and Research Coverage -

This report provides a comprehensive presentation of the global residential solar energy storage market, covering total sales volume (kWh), sales revenue (US$ millions), average pricing, company market share, and ranking. Market size estimations and forecasts use 2024 as the base year, with historical analysis from 2020-2024 and forward-looking projections through 2031.

The study combines quantitative and qualitative analysis to support strategic planning, competitive benchmarking, and informed business decision-making. Detailed segmentation by region & country, battery type, and residential application is included.

Regional Market Outlook -

North America leads global adoption, driven by supportive policy frameworks, high electricity prices, and strong consumer awareness-particularly in the United States. Europe follows closely, with Germany, the UK, France, and Italy promoting residential storage through renewable energy targets and grid flexibility initiatives. The Asia-Pacific region, led by China, Japan, South Korea, and Australia, is expected to witness rapid growth as rooftop solar penetration increases and energy resilience becomes a priority. South America and the Middle East & Africa remain emerging markets, with gradual adoption supported by declining technology costs and expanding solar infrastructure.

Competitive Landscape -

The residential solar energy storage market features a mix of global battery leaders and specialized energy storage companies. Competition centers on battery performance, system integration, software capabilities, safety, and brand trust.

Key companies profiled in the report include:

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

The report analyzes each company's market share, product portfolio, and strategic positioning in detail.

Market Segmentation Highlights -

By Type:

► Li-Ion
► Lead-Acid

By Application:

► Collective House
► Detached House

Each segment is evaluated based on sales volume, revenue contribution, adoption trends, and future growth potential.

Reasons to Procure This Report -
► Access accurate global and regional market forecasts (2020-2031)
► Understand company market share, ranking, and competitive structure
► Evaluate policy, tariff, and supply chain impacts on market growth
► Identify high-growth technologies and residential application segments
► Support investment planning, product development, and market entry strategies

Key Questions Answered in the Report -
► What is the current and future size of the global residential solar energy storage market?
► Which regions and residential segments are driving demand growth?
► How dominant are lithium-ion batteries compared to legacy technologies?
► How do incentives, tariffs, and grid instability influence adoption?
► Who are the leading suppliers, and how concentrated is the market?

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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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