The global home energy storage market was estimated to be valued at USD XX million in 2018 and is projected to reach USD XX million by 2026, at a CAGR of XX% during 2019 to 2026. Increase in adoption of home based solar PV and rising power cost are factors driving market globally. Lack of awareness about connecting to the grid and high cost of installation are factors hindering market growth.
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Key players profiled in the report includes: ABB, Chargesync, Enphase Energy Inc., LG CHEM, Moixa Energy Holdings Ltd., Panasonic Corporation, Pika Energy Inc., General Electric, Sonnen, Powervault.
Key Benefits of the Report:
- Global, regional, connection type and battery type wise market size and their forecast from 2015-2026
- Identification and detailed analysis on key market dynamics, such as, drivers, restraints, opportunities, and challenges influencing growth of the market
- Detailed analysis on product outlook with market specific Porter’s Five Forces analysis, PEST analysis, and Value Chain, to better understand the market and build expansion strategies
- Identification of key market players and comprehensively analyze their market share and core competencies, detailed financial positions, key products, and unique selling points
- Analysis on key players’ strategic initiatives and competitive developments, such as joint ventures, mergers, and new product launches in the market
- Expert interviews and their insights on market shift, current and future outlook, and factors impacting vendors’ short term and long term strategies
- Detailed insights on emerging regions, connection type and battery type with qualitative and quantitative information and facts
- Identification of the key patents filed in the field of home energy storage.
- Home Energy Storage Devices Manufacturer
- Research and Consulting Firms
- Government and Research Organizations
- Associations and Industry Bodies.
Global Home Energy Storage Industry 2019 Market Research Report is spread across 121 pages and provides exclusive vital statistics, data, information, trends and competitive landscape details in this niche sector.
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The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective, such as, analyst reports of investment banks. The secondary research is the primary base of our study wherein we conducted extensive data mining, referring to verified data sources, such as, white papers, government and regulatory published articles, technical journals, trade magazines, and paid data sources.
For forecasting, regional demand & supply factors, recent investments, market dynamics including technical growth scenario, consumer behavior, and end use trends and dynamics, and production capacity were taken into consideration. Different weightages have been assigned to these parameters and quantified their market impacts using the weighted average analysis to derive the market growth rate.
The market estimates and forecasts have been verified through exhaustive primary research with the Key Industry Participants (KIPs), which typically include:
- Government Body & Associations
- Research Institutes.
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The home energy storage market is primarily segmented based on different Battery Type, Connection Type and regions.
Based on connection type, the market is divided into:
Based on battery type, the market is divided into:
- Lithium Ion Battery
- Lead Acid Battery
- Saltwater Battery
- Flow Battery
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