Global Residential Battery Market is estimated to be valued at USD 14.35 Bn in 2025 and is expected to reach USD 47.12 Bn by 2032, growing at a compound annual growth rate (CAGR) of 18.5% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 14.35 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
18.50%
2032 Value Projection:
USD 47.12 Bn
Figure. Residential Battery Market Share (%), By Region 2025
The residential battery market is witnessing significant growth driven by increasing installations of rooftop solar panels and the need for energy storage solutions across homes. Battery technologies allow households to store excess energy generated from solar panels during the day and use it later for daily needs. This reduces dependency on grid supply and lowers electricity costs. Various types of batteries like lithium-ion and lead-acid are becoming popular for residential use due to advantages like high energy density, long lifespan, and modular design. With growing awareness about clean energy and cost benefits of battery storage, the residential battery market is expected to grow substantially in the coming years.
Market Dynamics:
The global residential battery market is driven by the rising adoption of rooftop solar panels among households looking to reduce electricity bills and carbon footprint. According to estimates, close to 25% of solar PV installations across homes have an integrated battery storage solution. Declining battery prices and availability of lucrative rebate programs on battery purchases are encouraging more homeowners to opt for energy storage. However, high initial investment remains a key challenge hampering widespread adoption. Ongoing innovations to develop low-cost and high-performance lithium-ion batteries present lucrative opportunities for market growth. Growing customer preference for modular batteries that can be expanded as per needs is another trend being capitalized by residential battery suppliers.
Key features of the study:
This report provides an in-depth analysis of the global residential battery market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2025-2032), considering 2024 as the base year.
It elucidates potential revenue growth 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 approvals, 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.
Key companies covered as a part of this study include Amara Raja Batteries Ltd, BYD Co. Ltd, Delta Electronics Ltd, Duracell Inc., Energizer Holding Inc., FIMER SpA, LG Energy Solution Ltd, Luminous Power Technologies Pvt. Ltd, NEC Corporation, Panasonic Corporation, Samsung SDI Co. Ltd, Siemens AG, and Tesla Inc. are the major players.
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.
Market Segmentation
By Type
Lithium-ion Battery
Lead-acid Battery
By Power Output
3-6 kW
6-10 kW
10-20 kW
By Operation Type
Standalone Systems
Solar and Storage Systems
By Regional
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
Key Players Insights
Amara Raja Batteries Ltd
BYD Co. Ltd
Delta Electronics Ltd
Duracell Inc.
Energizer Holding Inc.
FIMER SpA
LG Energy Solution Ltd
Luminous Power Technologies Pvt. Ltd
NEC Corporation
Panasonic Corporation
Samsung SDI Co. Ltd
Siemens AG
Tesla Inc.
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Type
Market Snippet, By Power Output
Market Snippet, By Operation Type
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New system Launch/Approvals
Impact of COVID-19 Pandemic
4. Global Residential Battery Market, By Type, 2020-2032 (US$ Billion)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2020-2032
Segment Trends
Lithium-ion Battery
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion)
Lead-acid Battery
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion)
5. Global Residential Battery Market, By Power Output, 2020-2032 (US$ Billion)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2020-2032
Segment Trends
3-6 kW
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion)
6-10 kW
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion)
10-20 kW
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion)
6. Global Residential Battery Market, By Operation Type, 2020-2032 (US$ Billion)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2020-2032
Segment Trends
Standalone Systems
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion)
Solar and Storage Systems
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion)
7. Global Residential Battery Market, By Region, 2020-2032 (US$ Billion)
Introduction
Market Share Analysis, By Region, 2025 and 2032 (%)
North America
Regional Trends
Market Size and Forecast, By Type, 2020-2032 (US$ Billion)
Market Size and Forecast, By Power Output, 2020-2032 (US$ Billion)
Market Size and Forecast, By Operation Type, 2020-2032 (US$ Billion)
Market Share Analysis, By Country, 2025 and 2032 (%)
U.S.
Canada
Europe
Regional Trends
Market Size and Forecast, By Type, 2020-2032 (US$ Billion)
Market Size and Forecast, By Power Output, 2020-2032 (US$ Billion)
Market Size and Forecast, By Operation Type, 2020-2032 (US$ Billion)
Market Share Analysis, By Country, 2025 and 2032 (%)
U.K.
Germany
France
Russia
Rest of Europe
Asia Pacific
Regional Trends
Market Size and Forecast, By Type, 2020-2032 (US$ Billion)
Market Size and Forecast, By Power Output, 2020-2032 (US$ Billion)
Market Size and Forecast, By Operation Type, 2020-2032 (US$ Billion)
Market Share Analysis, By Country, 2025 and 2032 (%)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Regional Trends
Market Size and Forecast, By Type, 2020-2032 (US$ Billion)
Market Size and Forecast, By Power Output, 2020-2032 (US$ Billion)
Market Size and Forecast, By Operation Type, 2020-2032 (US$ Billion)
Market Share Analysis, By Country, 2025 and 2032 (%)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East and Africa
Regional Trends
Market Size and Forecast, By Type, 2020-2032 (US$ Billion)
Market Size and Forecast, By Power Output, 2020-2032 (US$ Billion)
Market Size and Forecast, By Operation Type, 2020-2032 (US$ Billion)
Market Share Analysis, By Country, 2025 and 2032 (%)