About residential solar energy storage
The global residential solar PV market has been growing since the past four to five years. Energy storage plays a vital role in solar PV installation, as it can store surplus electricity that can be utilized during power outages. This storage using a battery is useful when the amount of electricity generated is greater than the electricity demand. It helps regulate and smoothen the power supply. Various technologies such as li-ion, lead-acid, sodium-sulfur, and other advanced technologies are available for energy storage. Lead-acid batteries are being preferred for energy storage because of inherent advantages such as high dynamic charge acceptance, long shelf life, reliability, and low total cost of ownership.
Technavio's analysts forecast the global residential solar energy storage market to grow at a CAGR of 67.6% during the period 2014-2019.
Covered in this report
The report covers the present scenario and the growth prospects of the global residential solar energy storage market for the period 2015-2019. The market is segmented on the basis of geography and battery type.
Technavio's report, Global Residential Solar Energy Storage Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the global residential solar energy storage market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Key regions
• Americas
• APAC
• EMEA
Key vendors
• BYD
• C&D Technologies
• Exide Technologies
• GS Yuasa
• LG Chem
• Panasonic
• Samsung SDI
• VARTA Microbattery
Key market driver
• Growing solar PV installations and power consumption worldwide
• For a full, detailed list, view our report
Key market challenge
• High maintenance cost
• For a full, detailed list, view our report
Key market trend
• Stringent regulatory framework
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2019 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?
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
Global solar PV market: Overview
PART 05: Market landscape
Market size and forecast
Five forces analysis
PART 06: Market segmentation by battery technology
Global residential solar energy storage market by battery technology
Global residential solar lead-acid battery market
Global residential solar Li-ion battery market
PART 07: Geographical segmentation
Global residential solar energy storage by geography
Residential solar energy storage market in APAC
Residential solar energy storage market in EMEA
Residential solar energy storage market in Americas
PART 08: Market drivers
Growing solar PV installations and power consumption worldwide
Integration of energy storage devices with solar PV
Increased need to reduce carbon emissions
PART 09: Impact of drivers
PART 10: Market challenges
Seasonal fluctuations of solar power availability
Low conversion efficiency
Increased maintenance costs
PART 11: Impact of drivers and challenges
PART 12: Market trends
Stringent regulatory framework
Impact of consumption tax
Increased battery demand from Australian residential solar PV market
PART 13: Vendor landscape
Competitive scenario
PART 14: Key vendor analysis
BYD
C&D Technologies
Exide Technologies
GS Yuasa
LG Chem
Panasonic
Samsung SDI
VARTA Microbattery
PART 15: Appendix
List of abbreviations
PART 16: Explore Technavio
List of Exhibits
Exhibit 01: Global residential solar energy storage market 2014-2019 (MW)
Exhibit 02: Five forces analysis
Exhibit 03: Global residential solar energy storage market by battery technology 2014
Exhibit 04: Global residential solar energy storage market by battery technology 2019
Exhibit 05: Global residential solar energy storage market by battery technology 2014-2019
Exhibit 06: Global residential solar lead-acid battery market 2014-2019 (MW)
Exhibit 07: Global residential solar Li-ion battery market 2014-2019 (MW)
Exhibit 08: Global residential solar energy storage market by geography 2014
Exhibit 09: Global residential solar energy storage market by geography 2019
Exhibit 10: Global residential solar energy storage market by geography 2014-2019
Exhibit 11: Residential solar energy storage market in APAC 2014-2019 (MW)
Exhibit 12: Residential solar energy storage market in EMEA 2014-2019 (MW)
Exhibit 13: Residential solar energy storage market in Americas 2014-2019 (MW)
Exhibit 14: Global solar power consumption 2009-2013 (TWh)
Exhibit 15: Impact of drivers
Exhibit 16: Impact of drivers and challenges
Exhibit 17: BYD: Business segmentation 2014
Exhibit 18: BYD: Business segmentation by revenue 2013 and 2014 ($ billions)
Exhibit 19: BYD: Geographical segmentation by revenue 2013
Exhibit 20: Exide Technologies: Product segmentation
Exhibit 21: GS Yuasa: Business segmentation 2014
Exhibit 22: GS Yuasa: Business segmentation by revenue 2014 and 2015 ($ billions)
Exhibit 23: GS Yuasa: Geographical segmentation by revenue 2015
Exhibit 24: GS Yuasa: Features of Li-ion battery
Exhibit 25: LG Chem: Business segmentation 2014
Exhibit 26: LG Chem: Key products of mobile battery division
Exhibit 27: LG Chem: Business segmentation by revenue 2013 and 2014 ($ billions)
Exhibit 28: LG Chem: Geographical segmentation by revenue 2014
Exhibit 29: Panasonic : Business segmentation by revenue 2015
Exhibit 30: Panasonic: Business segmentation by revenue 2014 and 2015 ($ billions)
Exhibit 31: Panasonic: Geographical segmentation by revenue 2015
Exhibit 32: Samsung SDI: Business segmentation 2014
Exhibit 33: Samsung SDI: Business segmentation by revenue 2013 and 2014 ($ billions)
Exhibit 34: Samsung SDI: Geographical segmentation by revenue 2014
