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Why Home Energy Storage System Market Is in Demand Since Years? Study Trends, Opportunities, Key-Players and Forecasts Till 2023

Home Energy Storage System Market will grow at a CAGR of +7% during the forecast period 2018-2025


Houston, TX -- (SBWIRE) -- 02/08/2018 -- Home energy storage system stores electricity locally, for consumption later. Batteries are the heart of their system, typically lithium-ion or lead-acid, and intelligent software. An energy storage technology are downstream relatives of battery-based grid energy storage and support the concept of distributed generation. When paired with on-site generation, they can support an off-the-grid lifestyle.

Top Key Players:
ABB, ChargeSync, Enphase Energy Inc., LG Chem., Mercedes Benz Energy, Moixa Energy Holdings Ltd, Nissan, Panasonic Corporation, Pika Energy Inc., Powerstation 247, Powervault

Home Energy Storage System Market will grow at a CAGR of +7% during the forecast period 2018-2025

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It explains a detailed outline of the Home Energy Storage System Market depending on the important parameters. End users, products, regions, and many other segments are studied and explained. A brief idea of the driving forces which help make the market more flourishing is discussed in order to help the client understand the future market position. Estimated revenue growth in terms of volume with respect to the market for the upcoming years has been mentioned in depth.

In terms of connection type, the home energy storage system market can be segmented into On-grid and Off-grid. Considering the present trend of using significant amount of renewable energy, the on-grid segment held a significant share of the market, as these systems install substantial storage capacity and gets legal support for required infrastructure. Off-grid battery energy storage systems are most demanded by countries in the Sun Belt where solar radiation is very high. Off-grid kind of energy storage systems are increasingly installed in remote areas where electrification and efficient usage of renewable resource is a challenge.

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Based on the battery type, the lithium-ion batteries gain enormous traction as they provide high energy and power density in terms of volume and high charge/discharge efficiency and are more lightweight than other batteries such as lead-acid batteries. These factors are supporting the growth of the Global Home Energy Storage System Market.

In terms of regional analysis, the Global Home Energy Storage System Market in Asia-Pacific is expected to hold a large market share during the forecast period, growing at the highest CAGR between 2017 and 2025. The installations of home energy storage system in various countries in the APAC region such as China, India, and Japan are supporting the growth of the global market. Similarly, owing to the interest from the residential sector to use renewable resources and increasing government support is anticipated to boost the growth in this region.

In the last sections of the report, the manufacturers responsible for increasing the sales in the Home Energy Storage System Market have been presented. These manufacturers have been analyzed in terms of their manufacturing base, basic information, and competitors. In addition, the technology and product type introduced by each of these manufacturers also form a key part of this section of the report.

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Table of Content:
Global Home Energy Storage System Market Research Report 2018-2023
Chapter 1 Home Energy Storage System Market Overview
Chapter 2 Global Economic Impact
Chapter 3 Competition by Manufacturer
Chapter 4 Production, Revenue (Value) by Region (2018-2023)
Chapter 5 Supply (Production), Consumption, Export, Import by Regions (2018-2023)
Chapter 6 Production, Revenue (Value), Price Trend by Type
Chapter 7 Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Market Forecast (2018-2023)
Chapter 13 Appendix