This sheet provides a comparison of leading residential energy storage vendors globally, highlighting key aspects such as company name, market share, main products, target markets, main models, pricing, and country of manufacture.
Vendor Comparison Table
| Company Name | Market Share (%) | Main Product | Main Target Market | Main Model | Price (USD) | Country of Manufacture |
|---|---|---|---|---|---|---|
| Tesla Inc. | 22 | Powerwall | Residential homeowners | Powerwall 2 | $11,500 | USA |
| LG Energy Solution Ltd. | 15 | RESU | Residential & commercial | RESU10H | $8,000 | South Korea |
| Sonnen GmbH | 10 | SonnenBatterie | Eco-conscious consumers | SonnenBatterie 10 | $10,000 | Germany |
| BYD Company Limited | 9 | Battery-Box | Residential & commercial | Battery-Box Pro | $6,000 | China |
| Enphase Energy Inc. | 8 | Enphase Storage | Small-scale residential | Enphase Encharge | $7,000 | USA |
| Panasonic Corporation | 7 | EverVolt | Residential homeowners | EverVolt 5.0 | $9,000 | Japan |
| Generac Power Systems | 6 | PWRcell | Residential homeowners | PWRcell | $9,999 | USA |
| Siemens AG | 5 | Siestorage | Residential & commercial | Siestorage 5 | $9,500 | Germany |
| Hitachi Energy Ltd. | 4 | Hitachi Energy Storage | Residential & commercial | Hitachi Home Storage | $8,500 | Switzerland |
| ABB Ltd. | 3 | ABB Ability Energy Storage | Industrial & residential | ABB ESS | $12,000 | Switzerland |
Insights and Analysis
- Market Leaders: Tesla remains the market leader with a significant share of the residential energy storage market due to its innovative technology and strong brand presence.
- Diverse Offerings: Vendors like LG Energy Solution and BYD offer competitive pricing and scalable solutions suitable for both residential and commercial applications.
- Eco-Conscious Targeting: Companies like Sonnen focus on environmentally conscious consumers, promoting sustainable energy solutions.
- Regional Variations: The manufacturing locations vary significantly, with a mix of companies based in the USA, Europe, and Asia. This influences shipping costs and local market strategies.
Citations:
[1] https://www.thebusinessresearchcompany.com/report/residential-energy-storage-global-market-report
[2] https://www.zionmarketresearch.com/report/residential-energy-storage-market
[3] https://www.life-younger.com/best-Residential-Energy-Storage-Companies-in-World/
[4] https://www.technavio.com/report/residential-solar-energy-storage-market-size-industry-analysis
[5] https://energydigital.com/top10/top-10-energy-storage-companies
[6] https://straitsresearch.com/report/residential-energy-storage-systems-ess-market
[7] https://www.sphericalinsights.com/reports/residential-energy-storage-system-market
[8] https://www.globenewswire.com/news-release/2024/04/03/2857116/0/en/Residential-Energy-Storage-Global-Business-Report-2024-Market-to-Reach-49-7-Billion-by-2030-Driven-by-Growth-in-the-Lithium-Ion-Technology-and-Sodium-Ion-Batteries.html
[9] https://www.globenewswire.com/news-release/2024/04/03/2857116/28124/en/Residential-Energy-Storage-Global-Business-Report-2024-Market-to-Reach-49-7-Billion-by-2030-Driven-by-Growth-in-the-Lithium-Ion-Technology-and-Sodium-Ion-Batteries.html
[10] https://www.giiresearch.com/report/dmin1560850-global-residential-energy-storage-market.html
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/comparison-of-residential-energy-storage-vendors-worldwide/
