Market Development : Residential Solar Energy Storage Market Globally Grow at a CAGR of 67.82% by Revenue During the Period 2018-2021

ResearchMoz presents professional and in-depth study of "Global Residential Solar Energy Storage Market 2017-2021".

A Solar photovoltaic system, also known as PV system or solar power system, is a system designed to provide usable solar power by means of photovoltaics (PV). The solar PV systems can be broadly classified in residential, commercial and industrial (C&I), and utility segments.

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The residential solar PV systems are generally mounted on rooftops to save land space. They are small-scale electricity generation systems, not exceeding 20 kilowatts (kW) capacity. Residential solar power plants can be grid-connected or can be installed as decentralized microgrids. The cost of installing a solar PV system is relatively high in the residential segment due to the economies of scale.

Technavios analysts forecast the global residential solar energy storage market to grow at a CAGR of 67.82% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global residential solar energy storage market for 2017-2021. To calculate the market size, the report considers the cumulative installations and excludes aftermarket/ services market.

The market is divided into the following segments based on geography:

Americas

APAC

EMEA

Technavio's report, Global Residential Solar Energy Storage Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors

East Penn Manufacturing

LG Chem

Panasonic

redT energy storage

SAMSUNG SDI

Saft

sonnen

Other prominent vendors

A123 Systems

ACME

Adara Power

BYD

Daimler

Enphase Energy

e-On Batteries

E3/DC

Exide Technologies

Fronius International

GESS

GS Yuasa International

HOPPECKE Batterien

IBC SOLAR

KOSTAL Solar Electric

KYOCERA

Nedap

neovoltaic

Primus Power

Redflow

Sharp Electronics

Sinetech

SENEC

SMA Solar Technology

Sony Energy Devices

Tesla

Trojan Battery Company

VARTA

ViZn Energy Systems

ZEN Energy

Market driver

Reduction in PV and energy storage systems costs

For a full, detailed list, view our report

Market challenge

Availability of alternative technologies

For a full, detailed list, view our report

Market trend

Residential energy storage as virtual power plants

For a full, detailed list, view our report

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Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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