Japan Residential Lithium-ion Battery Energy Storage Systems Market Size & Outlook
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Japan residential lithium-ion battery energy storage systems market highlights
- The Japan residential lithium-ion battery energy storage systems market generated a revenue of USD 178.9 million in 2022 and is expected to reach USD 2,152.2 million by 2030.
- The Japan market is expected to grow at a CAGR of 33.9% from 2023 to 2030.
- In terms of segment, 3 kw to 5 kw was the largest revenue generating power rating in 2022.
- Less than 3kW is the most lucrative power rating segment registering the fastest growth during the forecast period.
Residential lithium-ion battery energy storage systems market data book summary
| Market revenue in 2022 | USD 178.9 million |
| Market revenue in 2030 | USD 2,152.2 million |
| Growth rate | 33.9% (CAGR from 2023 to 2030) |
| Largest segment | 3 kw to 5 kw |
| Fastest growing segment | Less than 3kW |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Less than 3kW, 3 kW to 5 kW |
| Key market players worldwide | Enphase Energy Inc, Panasonic Holdings Corp, Tesla Inc, Hitachi Ltd, Pylon Technologies, LG Chem, Haikai, E3/DC, Sonnen, GoodWe |
Other key industry trends
- In terms of revenue, Japan accounted for 3.9% of the global residential lithium-ion battery energy storage systems market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China residential lithium-ion battery energy storage systems market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 835.3 million by 2030.
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Residential Lithium-ion Battery Energy Storage Systems Market Scope
Residential Lithium-ion Battery Energy Storage Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| GoodWe | View profile | 501-1000 | Suzhou, Jiangsu, China, Asia | https://www.goodwe.com/ |
| Sonnen | View profile | 501-1000 | Wildpoldsried, Bayern, Germany, Europe | https://sonnen.de |
| E3/DC | View profile | 11-50 | Osnabrück, Niedersachsen, Germany, Europe | https://www.e3dc.com |
| Haikai | View profile | 51-100 | Xiamen, Fujian, China, Asia | https://www.haikai-energy.com |
| LG Chem | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.lgchem.com |
| Pylon Technologies | View profile | 501-1000 | Zhangjiang, Shanghai, China, Asia | http://www.pylontech.com.cn |
| Tesla Inc | View profile | 140473 | 1 Tesla Road, Austin, TX, United States, 78725 | https://www.tesla.com |
| Enphase Energy Inc | View profile | 3157 | 47281 Bayside Parkway, Fremont, CA, United States, 94538 | https://www.enphase.com |
| Panasonic Holdings Corp | View profile | 230025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | https://holdings.panasonic |
| Hitachi Ltd | View profile | 322525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | http://www.hitachi.com |
Japan residential lithium-ion battery energy storage systems market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to residential lithium-ion battery energy storage systems market will help companies and investors design strategic landscapes.
3 kw to 5 kw was the largest segment with a revenue share of 91.11% in 2022. Horizon Databook has segmented the Japan residential lithium-ion battery energy storage systems market based on less than 3kw, 3 kw to 5 kw covering the revenue growth of each sub-segment from 2018 to 2030.
Japan is one of the forefront countries for battery energy storage systems owing to the presence of market players like Hitachi. Favorable government initiatives like FiT (feed in tariffs) under which unit price of the electricity is fixed by government, this initiative is introduced to increase investments in renewable energy by price certainty in the country.
As Japan aimed to be carbon neutral by 2050, more such initiatives and investments are expected to increase in the coming years which would augment the residential lithium ion battery energy storage systems market in the region over the forecast period.
Japan is recognized as a developed and technologically advanced economy. Following the Fukushima nuclear disaster in 2011, Japan has significantly invested in solar power generation as the next best alternative for power generation.
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Our clientele includes a mix of residential lithium-ion battery energy storage systems market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan residential lithium-ion battery energy storage systems market , including forecasts for subscribers. This country databook contains high-level insights into Japan residential lithium-ion battery energy storage systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan residential lithium-ion battery energy storage systems market size, by power rating, 2018-2030 (US$M)
Japan Residential Lithium-ion Battery Energy Storage Systems Market Outlook Share, 2022 & 2030 (US$M)
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