Home Energy Storage Market Report 2025 (Global Edition)

Global Home Energy Storage Market Report 2025 Market Size Split by Technology (Lead-acid, Lithium-ion), by Utility (3 KW to < 6 kW, 6 KW to < 10 kW, 10 kW to 29 Kw), by Connectivity Type (On-grid, Off...

Home Energy Storage Market Report Description

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Impact of Trumph Tariff on Energy and Power Industry

In 2025, global trade entered a turbulent phase as the U.S., under President Donald Trump, introduced aggressive "Liberation Day Tariffs" to address trade imbalances. These tariffs, ranging from 10% to 46%, heavily impacted the energy and power sector, which relies on global supply chains for critical components like rare earth metals, solar panels, wind turbines, and lithium. The U.S.–China trade war escalated, with reciprocal tariffs and China's trade surplus with the U.S. reaching USD 102.6 billion. Retaliatory tariffs from the EU and Canada further disrupted energy supply chains, raising material costs and causing delays in key projects.

The U.S. imposed a 20% tariff on rare earths, impacting EVs and clean tech; 25% on solar panels, increasing installation costs; 15–25% on wind turbine parts, affecting project timelines; and 10–15% on oil and gas equipment, pushing producers to rethink supply networks. Sub-sectors like renewables, EVs, oil & gas, and power generation are all experiencing rising costs, supply bottlenecks, and delayed investments. For instance, solar and wind projects now face 10–30% higher costs, and EV producers are struggling with battery input inflation.

China remains central to the U.S. energy supply chain, with even indirect imports via countries like Vietnam and Malaysia tightly linked to Chinese inputs. As a result, U.S. energy firms are exploring alternative sourcing from Southeast Asia, Latin America, and domestic production to reduce exposure. However, switching suppliers requires significant investment, coordination, and time.

In this volatile environment, market research is critical. It helps energy firms map supplier risks, track price trends, and explore alternative sourcing. It enables supply chain optimization through AI and predictive analytics, while regulatory tracking and scenario planning allow companies to anticipate future disruptions. Energy firms like NextEra and First Solar are responding by diversifying suppliers, investing in local production, and leveraging digital tools to improve procurement and adapt to tariff-driven challenges. Those using data-driven strategies and flexible operations are best positioned to thrive amid rising trade tensions.

Home Energy Storage Market Insights Video

Competitive Landscape of the Home Energy Storage Market

The competitive landscape of the home energy storage market is characterized by key players like Tesla, LG Chem, and Sonnen, who lead in innovation and market share. These companies offer advanced lithium-ion battery solutions, focusing on efficiency, reliability, and integration with renewable energy sources. Increasing consumer demand for energy independence and sustainability drives competition, prompting firms to enhance product features and expand distribution networks. Partnerships and collaborations with solar energy providers are also common to enhance market presence.

In May 2022, Mango Power introduced the Mango Power M Series at Intersolar Munich 2022. This system is compatible with solar PV and features a battery capacity of 10-20 kWh, suitable for both daily and emergency use. It supports single and three-phase connections with an output range of 8-14 kW. The system is versatile, incorporating a built-in inverter, backup gateway, and EV charger. The company released different versions tailored for the United States and European markets. (Source: https://www.mangopower.com/blogs/news/mango-power-launches-m-series-at-intersolar-munich-2022-challenging-tesla-powerwall?srsltid=AfmBOooLo2aDeUVx6p3a6NRYuwapUlFxOKQsamcHgWIlNDh1reBadrbF) In June 2022, Toyota made its entry into the energy storage market by introducing the O-Uchi Kyuden System, a residential battery solution. This system features a rated output of 5.5 kW and a storage capacity of 8.7 kWh, utilizing technology from the company’s electric vehicle batteries. When integrated with a rooftop photovoltaic system, it can provide power to a home both day and night. Initially, Toyota plans to market this storage solution in Japan. (Source: https://global.toyota/en/newsroom/corporate/36615119.html) In June 2023, The Indian government plans to provide $455.2 million in incentives for companies that install battery energy storage projects totaling 400 MWh. This initiative is part of the government's strategy to achieve its 2030 target of 500 MW of renewable energy capacity. (Source: https://www.india-briefing.com/news/indias-us455m-subsidy-scheme-for-battery-storage-projects-28583.html/#:~:text=India%20is%20seeking%20to%20facilitate,gigawatts%20(GW)%20by%202030.)

Top Companies Market Share in Home Energy Storage Industry: (In no particular order of Rank)

• Tesla
• Inc.
• LG Chem
• Sonnen GmbH
• Panasonic Corporation
• BYD Company Ltd.
• Enphase Energy
• Inc.
• Generac Holdings Inc.
• ABB Ltd.
• Samsung SDI
• Franklin Electric
• Eguana Technologies Inc.
• Blue Planet Energy
• Vivint Solar
• KiloVault
• SolarEdge Technologies
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Home Energy Storage Market

Which Region Dominates the Home Energy Storage Market in 2024?

According to Cognitive Market Research, North America currently dominates the Home Energy Storage market, and the region is expected to have significant growth during the projected period. This is due to the region's increasing consumer demand for energy independence and sustainability, coupled with government incentives promoting renewable energy adoption. The region's strong solar power infrastructure and rising electricity costs further drive the need for energy storage solutions. Technological advancements, particularly in lithium-ion batteries, enhance efficiency and reliability. Additionally, key players like Tesla and LG Chem are based in North America, bolstering innovation and market accessibility.

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific region is growing at the fastest CAGR in the home energy storage market due to rapid urbanization, rising electricity demand, and increasing investment in renewable energy sources. Governments are implementing favorable policies and incentives to promote solar energy adoption and energy storage solutions. Additionally, technological advancements in battery technologies, coupled with decreasing costs, are enhancing accessibility. Countries like China and Japan are leading the charge, with strong domestic manufacturers and a growing emphasis on energy independence and sustainability.

The current report Scope analyzes Home Energy Storage Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Home Energy Storage Market Analysis

According to Cognitive Market Research, the global Home Energy Storage market size was estimated at USD 915.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 366.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 23.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Home Energy Storage market with a market size of USD 288.84 million in 2024 and is projected to grow at a CAGR of 23.2% during the forecast period. The U.S. market's integration of smart home technologies and the proliferation of electric vehicles is driving the Home Energy Storage market.
• The Canada Home Energy Storage market had a market share of USD 43.93 million in 2024 and is projected to grow at a CAGR of 24.2% during the forecast period. Canada’s technological advancements in train design is driving the Home Energy Storage market.
• The Mexico Home Energy Storage market is projected to witness growth at a CAGR of 23.9% during the forecast period, with a market size of USD 33.91 million in 2024.

Europe Home Energy Storage Market Analysis

According to Cognitive Market Research, the global Home Energy Storage market size was estimated at USD 915.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 274.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 23.7% from 2024 to 2031.

• The United Kingdom Home Energy Storage market had a market share of USD 46.13 million in 2024 and is projected to grow at a CAGR of 24.5% during the forecast period. In the UK, Home Energy Storage sales witness an upswing due to region's a strong commitment to renewable energy and sustainability, supported by government incentives and policies aimed at reducing carbon emissions.
• The France Home Energy Storage market is projected to witness growth at a CAGR of 22.9% during the forecast period, with a market size of USD 25.26 million in 2024.
• According to Cognitive Market Research, the German Home Energy Storage market size was valued at USD 54.36 million in 2024 and is projected to grow at a CAGR of 23.9% during the forecast period. In Germany, Home Energy Storage surged due to presence major market players.
• The Italy Home Energy Storage market is projected to witness growth at a CAGR of 23.1% during the forecast period, with a market size of USD 23.61 million in 2024.
• The Russia Home Energy Storage market is projected to witness growth at a CAGR of 22.7% during the forecast period, with a market size of USD 42.56 million in 2024.
• The Spain Home Energy Storage market is projected to witness growth at a CAGR of 22.8% during the forecast period with a market size of USD 22.51 million in 2024
• The Luxembourg Home Energy Storage market is projected to witness growth at a CAGR of 23.8% during the forecast period, with a market size of USD 8.51 million in 2024.
• The Portugal Home Energy Storage market is projected to witness growth at a CAGR of 23.5% during the forecast period, with a market size of USD 5.77 million in 2024.
• The Greece Home Energy Storage market is projected to witness growth at a CAGR of 24.0% during the forecast period, with a market size of USD 3.29 million in 2024.
• The Rest of Europe's Home Energy Storage market is projected to witness growth at a CAGR of 22.4% during the forecast period, with a market size of USD 42.56 million in 2024.

Asia Pacific Home Energy Storage Market Analysis

According to Cognitive Market Research, the global Home Energy Storage market size was estimated at USD 915.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 210.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 27.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Home Energy Storage market size was valued at USD 94.72 million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period. Home Energy Storage surged in China due to rapid urbanization, increasing electricity demand, and a growing emphasis on renewable energy sources.
• The Japan Home Energy Storage market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 29.05 million in 2024.
• The India Home Energy Storage market had a market share of USD 25.26 million in 2024 and is projected to grow at a CAGR of 10.8% during the forecast period. India's need for energy security is driving the Home Energy Storage market.
• The South Korean Home Energy Storage market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 21.05 million in 2024.
• The Australian Home Energy Storage market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 10.95 million in 2024.
• The South East Asia Home Energy Storage market is projected to witness growth at a CAGR of 10.0% during the forecast period, with a market size of USD 14.52 million in 2024.
• The Rest of Asia Pacific Home Energy Storage market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD 14.95 million in 2024.

South America Home Energy Storage Market Analysis

According to Cognitive Market Research, the global Home Energy Storage market size was estimated at USD 915.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 45.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 24.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Home Energy Storage market size was valued at USD 19.59 million in 2024 and is projected to grow at a CAGR of 25.2% during the forecast period. Home Energy Storage flourished in Brazil due to increasing electricity costs, unreliable power supply, and a rising demand for renewable energy solutions.
• Argentina's Home Energy Storage market had a market share of USD 7.69 million in 2024 and is projected to grow at a CAGR of 25.5% during the forecast period. Argentina's government incentives and policies promoting solar energy adoption is driving the Home Energy Storage market.
• Colombia Home Energy Storage market is projected to witness growth at a CAGR of 24.4% during the forecast period, with a market size of USD 4.07 million in 2024.
• Peru Home Energy Storage market is projected to witness growth at a CAGR of 24.8% during the forecast period, with a market size of USD 3.75 million in 2024.
• Chile Home Energy Storage market is projected to witness growth at a CAGR of 24.9% during the forecast period, with a market size of USD 3.29 million in 2024.
• The Rest of Latin America's Home Energy Storage market is projected to witness growth at a CAGR of 23.7% during the forecast period, with a market size of USD 7.37 million in 2024.

Middle East Home Energy Storage Market Analysis

According to Cognitive Market Research, the global Home Energy Storage market size was estimated at USD 915.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 18.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 23.4% from 2024 to 2031..

• The GCC Countries Home Energy Storage market is projected to witness growth at a CAGR of 25.7% during the forecast period, with a market size of USD 7.83 million in 2024. Home Energy Storage sales flourish due to the presence of major market players.
• The Egypt Home Energy Storage market is projected to witness growth at a CAGR of 25.2% during the forecast period, with a market size of USD 1.92 million in 2024.
• The South Africa Home Energy Storage market is projected to witness growth at a CAGR of 25.9% during the forecast period, with a market size of USD 2.98 million in 2024. Home Energy Storage sales flourished in South Africa due to rising demand for reliable electricity and increasing reliance on renewable energy sources, particularly solar power.
• The Turkey Home Energy Storage market is projected to witness growth at a CAGR of 24.4% during the forecast period, with a market size of USD 1.57 million in 2024.
• The Nigeria Home Energy Storage market is projected to witness growth at a CAGR of 24.0% during the forecast period, with a market size of USD 1.92 million in 2024.
• The Rest of the MEA Home Energy Storage market is projected to witness growth at a CAGR of 23.9% during the forecast period, with a market size of USD 2.16 million in 2024.

Home Energy Storage Market Analysis

Home Energy Storage Market Technology Segment Analysis

According to Cognitive Market Research, Lead-acid are likely to dominate the Home Energy Storage Market over the forecast period. Lead-acid technology captured the largest market share in the home energy storage market due to its established reliability, lower initial costs, and widespread availability. These batteries are commonly used in off-grid applications and backup power systems, making them a familiar choice for consumers. Their durability and ability to handle deep discharge cycles also contribute to their popularity. Additionally, the recycling infrastructure for lead-acid batteries is well-developed, further encouraging their adoption despite the rise of advanced technologies like lithium-ion batteries.

Lithium-ion technology is growing at the highest CAGR in the home energy storage market due to its superior energy density, efficiency, and longer lifespan compared to traditional lead-acid batteries. As renewable energy adoption increases, the demand for efficient and compact storage solutions rises. Decreasing production costs and advancements in battery management systems further enhance the appeal of lithium-ion technology. Additionally, supportive government policies and incentives for clean energy solutions drive consumer preference toward these advanced energy storage systems.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Home Energy Storage Industry. Request a Free Sample PDF!

Home Energy Storage Market Utility Segment Analysis

According to Cognitive Market Research, the 3 KW to < 6 kW segment holds the largest share of the market. The 3 kW to < 6 kW utility segment captured the largest market share in the home energy storage market due to its optimal balance between power output and affordability for residential applications. This capacity range effectively meets the energy needs of average households, allowing for sufficient storage of solar energy and backup during outages. Increasing consumer awareness of energy independence and efficiency, coupled with favorable government incentives, further drives demand for these systems, making them a popular choice among homeowners.

The 6 kW to < 10 kW utility segment is growing at the highest CAGR in the home energy storage market due to rising energy consumption in larger households and the increasing use of electric vehicles. This capacity range provides ample power for multiple appliances and backup during peak demand periods, appealing to energy-conscious consumers. As renewable energy adoption accelerates, the need for robust storage solutions to manage increased energy loads drives demand in this segment, supported by advancing technology and decreasing costs.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Home Energy Storage Connectivity Type Segment Analysis

Home Energy Storage Market Connectivity Type Segment Analysis

According to Cognitive Market Research, the On-grid segment holds the largest share of the market. The on-grid connectivity type captured the largest market share in the home energy storage market due to its cost-effectiveness and ease of integration with existing electricity grids. This connectivity allows homeowners to utilize stored energy during peak hours and sell excess energy back to the grid, maximizing financial benefits. Additionally, the growing adoption of solar energy systems encourages on-grid storage solutions, as they enhance energy efficiency and reduce reliance on fossil fuels. Government incentives and policies further support this trend, driving market growth.

The off-grid connectivity type is growing at the highest CAGR in the home energy storage market due to increasing demand for energy independence in remote and rural areas lacking reliable grid access. As renewable energy adoption rises, off-grid systems enable users to harness solar or wind energy effectively. The declining costs of battery technologies, combined with government incentives for sustainable energy solutions, further drive growth. This segment appeals to eco-conscious consumers seeking self-sufficiency and resilience against power outages and rising energy costs.

• On-grid
• Off-grid

Home Energy Storage Ownership Type Segment Analysis

Home Energy Storage Market Ownership Type Segment Analysis

According to Cognitive Market Research, the On-grid segment holds the largest share of the market. The customer-owned ownership type captured the largest market share in the home energy storage market due to the growing consumer preference for energy independence and control over energy resources. Homeowners benefit from reduced electricity bills by storing energy generated from renewable sources, particularly solar power. Additionally, government incentives and tax credits encourage investments in customer-owned systems. This ownership model allows for greater customization and long-term savings, driving its popularity among environmentally conscious consumers seeking to enhance their energy security and sustainability.

The utility-owned ownership type is growing at the highest CAGR in the home energy storage market due to utilities’ increasing interest in integrating energy storage solutions to enhance grid reliability and stability. By investing in storage systems, utilities can better manage peak demand, reduce operational costs, and support renewable energy integration. This model also allows for shared benefits among customers, reducing upfront costs for homeowners. Regulatory support and partnerships between utilities and energy storage providers further drive this growth, ensuring sustainable energy solutions.

• Customer-owned
• Utility-owned
• Third-party owned

Home Energy Storage Operation Type Segment Analysis

Home Energy Storage Market Operation Type Segment Analysis

According to Cognitive Market Research, the Standalone Systems segment holds the largest share of the market. The standalone systems operation type captured the largest market share in the home energy storage market due to its flexibility and independence from the grid. These systems allow users to generate, store, and utilize energy without relying on external power sources, making them ideal for remote areas or during outages. The increasing adoption of renewable energy, such as solar, further enhances the appeal of standalone systems. Additionally, their ability to provide backup power and energy resilience drives consumer preference for this operation type.

The solar and storage system operation type is growing at the highest CAGR in the home energy storage market due to the increasing adoption of solar energy and the need for efficient energy management. This integrated approach allows homeowners to harness solar power, store excess energy, and use it during peak demand or outages, maximizing savings and energy independence. Advancements in solar technology, decreasing costs, and supportive government incentives further drive growth, making this operation type highly attractive to environmentally conscious consumers.

• Standalone Systems
• Solar and Storage System

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Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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