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Global Residential Battery Energy Storage Market, Forecast to 2022
Global Residential Battery Energy Storage Market, Forecast to 2022
With Increasingly Favourable Market Conditions, Rapid Price Reductions and Rampant Technological Innovation, the Global Residential Battery Storage Market Will Show Dramatic Growth Till 2022
RELEASE DATE
28-Mar-2018
28-Mar-2018
REGION
Global
Global
Research Code: MC59-01-00-00-00
SKU: EG01865-GL-MR_21629
$4,950.00
Special Price $3,712.50 save 25 %
In stock
SKU
EG01865-GL-MR_21629
Description
The residential battery storage market is expected to show enormous growth over the period of 2016 to 2022, from a market of USD744 million in 2016 to USD3.6 billion by 2022. The market is being spurred on by feed-in tariff and net metering revisions in historic residential PV hotspots, subsidies and tax incentives, rapid price reductions in lithium-ion battery prices, and rising electricity tariffs. This is resulting in a shift from policy driven markets for solar power grid trade to self-consumption driven markets. Increasing the business case for such systems, at a time where system prices are still beyond customer acceptance levels for broad based adoption, is an increase in digital integration into these systems. This is allowing for value added functionalities such as electricity aggregation and trade from residential battery cloud based communities, or virtual power plants (VPPS), to the grid under balancing markets for ancillary services. Furthermore, the availability of residential storage increases the attractiveness for customers to enter the demand response market through similar aggregators, further increasing the value stack. Such functionalities allows for the opening up of income streams to customers as well as allowing suppliers to offer system financing support, such as reduced or zero down payment loan, lease or power purchase agreement (PPA) models. Significant reductions in upfront costs to customers through such models, combined with the provision of income streams, cost savings achieved through self-consumption, additional cost saving benefits when combined with electric vehicles, and the benefits of a reliable, green energy supply to customers is expected to drive this market forward, even before system price reductions have reached levels seen as acceptable for broad based adoption. Germany and Japan currently represent the largest markets for residential storage by a significant margin, but considering the above drivers, the market is expected to diversify significantly, with the US and Australia representing the two largest break-out markets and other European markets of Italy and the UK to show significant growth.
Key Issues Addressed
- Where is the opportunity and what are the key levers for growth?
- What are the presiding policies influencing the market by country?
- What are the developing business models?
- What is the structure of the distribution channel and who are the key players?
- Who are the key suppliers, what are their market shares and what are their products?
RESEARCH: INFOGRAPHIC
This infographic presents a brief overview of the research, and highlights the key topics discussed in it.Click image to view it in full size
Table of Contents
Key Takeaways by Country
Key Takeaways by Country (continued)
Market Engineering Measurements
CEO’s 360 Degree Perspective
Trends by Country
Market Share of Battery Storage System Suppliers
Market Share of Battery Storage System Suppliers (continued)
Market Definitions
Market Definitions (continued)
Market Definitions (continued)
Market Engineering Measurements
Global Market Forecast
Revenue Forecast by Country
Unit Forecast by Country
Capacity Additions by Country
Annual Market Forecasts
Annual Market Forecasts (continued)
Market Drivers and Restraints
Market Drivers
Market Drivers Explained
Market Drivers Explained (continued)
Market Drivers Explained (continued)
Market Drivers Explained (continued)
Market Drivers Explained (continued)
Market Restraints
Market Restraints Explained
Market Restraints Explained (continued)
Supporting Policies
Supporting Policies (continued)
Supporting Policies (continued)
Supporting Policies (continued)
Supporting Policies (continued)
Distribution Structure
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Competitor Analysis of the Residential Battery Storage Market
Competitor Analysis of the Residential Battery Storage Market (continued)
Competitor Analysis of the Residential Battery Storage Market (continued)
Competitor Analysis of the Residential Battery Storage Market (continued)
Competitor Analysis of the Residential Battery Storage Market (continued)
Competitor Analysis of the Residential Battery Storage Market (continued)
Annual Market Forecasts
Annual Market Forecasts (continued)
Market Drivers and Restraints
Market Drivers
Market Drivers Explained
Market Drivers Explained (continued)
Market Drivers Explained (continued)
Market Drivers Explained (continued)
Market Drivers Explained (continued)
Market Drivers Explained (continued)
Market Restraints
Market Restraints Explained
Market Restraints Explained (continued)
Supporting Policies
Supporting Policies (continued)
Supporting Policies (continued)
Supporting Policies (continued)
Distribution Structure
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Competitor Analysis of the Residential Battery Storage Market
Competitor Analysis of the Residential Battery Storage Market (continued)
Competitor Analysis of the Residential Battery Storage Market (continued)
Competitor Analysis of the Residential Battery Storage Market (continued)
Competitor Analysis of the Residential Battery Storage Market (continued)
Competitor Analysis of the Residential Battery Storage Market (continued)
Annual Market Forecast
Annual Market Forecast (continued)
Market Drivers and Restraints
Market Drivers
Market Drivers Explained
Market Drivers Explained (continued)
Market Drivers Explained (continued)
Market Restraints
Market Restraints Explained
Market Restraints Explained (continued)
Supporting Policies
Supporting Policies (continued)
Supporting Policies (continued)
Distribution Structure
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Competitor Analysis of the Residential Battery Storage Market
Competitor Analysis of the Residential Battery Storage Market (continued)
Competitor Analysis of the Residential Battery Storage Market (continued)
Competitor Analysis of the Residential Battery Storage Market (continued)
Competitor Analysis of the Residential Battery Storage Market (continued)
Competitor Analysis of the Residential Battery Storage Market (continued)
Annual Market Forecasts
Annual Market Forecasts (continued)
Market Drivers and Restraints
Market Drivers
Market Drivers Explained
Market Drivers Explained (continued)
Market Drivers Explained (continued)
Market Drivers Explained (continued)
Market Restraints
Market Restraints Explained
Market Restraints Explained (continued)
Supporting Policies
Supporting Policies (continued)
Distribution Structure
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Competitor Analysis of the Residential Battery Storage Market
Competitor Analysis of the Residential Battery Storage Market (continued)
Competitor Analysis of the Residential Battery Storage Market (continued)
Competitor Analysis of the Residential Battery Storage Market (continued)
Competitor Analysis of the Residential Battery Storage Market (continued)
Competitor Analysis of the Residential Battery Storage Market (continued)
Annual Market Forecasts
Annual Market Forecasts (continued)
Market Drivers and Restraints
Market Drivers
Market Drivers Explained
Market Drivers Explained (continued)
Market Drivers Explained (continued)
Market Restraints
Market Restraints Explained
Supporting Policies
Supporting Policies (continued)
Supporting Policies (continued)
Distribution Structure
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Competitor Analysis of the Residential Battery Storage Market
Annual Market Forecasts
Annual Market Forecasts (continued)
Market Drivers and Restraints
Market Drivers
Market Drivers Explained
Market Drivers Explained (continued)
Market Drivers Explained (continued)
Market Restraints
Market Restraints Explained
Market Restraints Explained (continued)
Supporting Policies
Supporting Policies (continued)
Supporting Policies (continued)
Distribution Structure
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Distribution Structure (continued)
Competitor Analysis of the Residential Battery Storage Market
Annual Market Forecasts
Annual Market Forecasts (continued)
Market Drivers and Restraints
Market Drivers
Market Drivers Explained
Market Drivers Explained (continued)
Market Drivers Explained (continued)
Market Drivers Explained (continued)
Market Restraints
Market Restraints Explained
Market Restraints Explained (continued)
Supporting Policies
Supporting Policies (continued)
Supporting Policies (continued)
Supporting Policies (continued)
Distribution Structure
Distribution Structure (continued)
Distribution Structure (continued)
Competitor Analysis of the Residential Battery Storage Market
Annual Market Forecasts
Annual Market Forecasts (continued)
Market Drivers and Restraints
Market Drivers
Market Drivers Explained
Market Drivers Explained (continued)
Market Restraints
Market Restraints Explained
Market Restraints Explained (continued)
Supporting Policies
Supporting Policies (continued)
Distribution Structure
Distribution Structure (continued)
Distribution Structure (continued)
Competitor Analysis of the Residential Battery Storage Market
The Last Word—3 Big Predictions
Legal Disclaimer
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
The Frost & Sullivan Story
Value Proposition—Future of Your Company & Career
Global Perspective
Industry Convergence
360º Research Perspective
Implementation Excellence
Our Blue Ocean Strategy
Popular Topics
The residential battery storage market is expected to show enormous growth over the period of 2016 to 2022, from a market of USD744 million in 2016 to USD3.6 billion by 2022. The market is being spurred on by feed-in tariff and net metering revisions in historic residential PV hotspots, subsidies and tax incentives, rapid price reductions in lithium-ion battery prices, and rising electricity tariffs. This is resulting in a shift from policy driven markets for solar power grid trade to self-consumption driven markets. Increasing the business case for such systems, at a time where system prices are still beyond customer acceptance levels for broad based adoption, is an increase in digital integration into these systems. This is allowing for value added functionalities such as electricity aggregation and trade from residential battery cloud based communities, or virtual power plants (VPPS), to the grid under balancing markets for ancillary services. Furthermore, the availability of residential storage increases the attractiveness for customers to enter the demand response market through similar aggregators, further increasing the value stack. Such functionalities allows for the opening up of income streams to customers as well as allowing suppliers to offer system financing support, such as reduced or zero down payment loan, lease or power purchase agreement (PPA) models. Significant reductions in upfront costs to customers through such models, combined with the provision of income streams, cost savings achieved through self-consumption, additional cost saving benefits when combined with electric vehicles, and the benefits of a reliable, green energy supply to customers is expected to drive this market forward, even before system price reductions have reached levels seen as acceptable for broad based adoption. Germany and Japan currently represent the largest markets for residential storage by a significant margin, but considering the above drivers, the market is expec
| No Index | No |
|---|---|
| Podcast | No |
| Author | Ross Bruton |
| Industries | Energy |
| WIP Number | MC59-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9210,9211,9597,9599,9852,9AFE-A4,9AFF-A4,9B00-A4 |