Home Energy Storage Market Insights Video

According to Cognitive Market Research, the global Home Energy Storage market size was USD 915.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 25.20% from 2024 to 2031.

• North America held the major market share for 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.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 274.56 million.
• Asia Pacific held a 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.
• Latin America had a market share of more than 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.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 18.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 24.9% from 2024 to 2031.
• The Lead-acid category is the fastest growing segment of the Home Energy Storage industry