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  • Published In : Aug 2022
  • Code : CMI5168
  • Pages : 170
  • Formats :
      Excel and PDF
  • Industry : Semiconductors
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Residential batteries give households a power source which they can use at any time when the need it. Several households finish their solar system with a residential battery, so they can use the energy they store from their solar panels at night after the sunset. Some households wish to keep the residential batteries connected to the grid.

Market Dynamics:

Technological developments, decrease in price over the manufacturing value chain, and the enhancements in economies of scale assisted to decrease the solar module’s price and the lead- acid batteries and lithium ion batteries are projected to witness a decrease in the price nearly 50% and more by 2030. Li-ion batteries do not require frequent maintenance and changes as lead-acid batteries. Li-ion batteries maintain their voltage through the discharge cycle, permitting the greater and longer-lasting efficacy of electrical components, while the voltage of lead-acid batteries drops consistently throughout the discharge cycle which is anticipated to propel the growth of the global residential battery market.  

On a contrary, the issues and the problems that are related to the lead acid batteries is most possibly to lead the contraction of the lead acid batteries for the purpose of residential usage or the application during the forecast period.

Key features of the study:

  • This report provides in-depth analysis of the global residential battery market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global residential battery market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Major key players involved in the global residential battery market are FIMER SpA, Amara Raja Batteries Ltd, Samsung SDI, Energizer Holding Inc., Luminous Power Technologies Private Limited, LG Energy Solution, Ltd., Duracell Inc., Panasonic Corporation, Siemens AG, Tesla Inc., Delta Electronics Inc., BYD Co. Ltd and NEC Corp.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global residential battery market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global residential battery market.

Detailed Segmentation:

  • Global Residential Battery Market, By Type:
    • Lithium-ion Battery
    • Lead-acid battery
    • Other Types
  • Global Residential Battery Market, By Geography:
    • North America
    • Asia-Pacific
    • Europe
    • South America
    • Middle East & Africa

Detailed Segmentation:

  • Global Residential Battery Market, By Type:
    • Lithium-ion Battery
    • Lead-acid battery
    • Other Types
  • Global Residential Battery Market, By Geography:
    • North America
    • Asia-Pacific
    • Europe
    • South America
    • Middle East & Africa

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