Brazil Residential Lithium-ion Battery Energy Storage Systems Market Size & Outlook
Brazil residential lithium-ion battery energy storage systems market, 2018-2030 (US$M)
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Brazil residential lithium-ion battery energy storage systems market highlights
- The Brazil residential lithium-ion battery energy storage systems market generated a revenue of USD 113.6 million in 2023 and is expected to reach USD 687.6 million by 2030.
- The Brazil market is expected to grow at a CAGR of 29.3% from 2024 to 2030.
- In terms of segment, 3 kw to 5 kw was the largest revenue generating power rating in 2023.
- 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 2023 | USD 113.6 million |
| Market revenue in 2030 | USD 687.6 million |
| Growth rate | 29.3% (CAGR from 2023 to 2030) |
| Largest segment | 3 kw to 5 kw |
| Fastest growing segment | Less than 3kW |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 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, Brazil accounted for 1.6% of the global residential lithium-ion battery energy storage systems market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil residential lithium-ion battery energy storage systems market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 479.4 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 |
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Brazil 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 49.3% in 2023. Horizon Databook has segmented the Brazil 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.
Brazil is the largest country in South America and has a significant demand for electricity due to its large population and diverse economy. The residential BESS market in Brazil is expected to grow significantly over the next few years, driven by increasing demand for reliable and affordable electricity.
One of the key drivers of the residential BESS market in Brazil is the high electricity prices. The country has one of the highest electricity prices in Latin America, and many households are turning to renewable energy sources, such as solar PV systems, to offset their energy bills.
The introduction of net metering policies by the government has further incentivized the adoption of residential BESS by allowing households to sell excess energy back to the grid. In addition, the Brazilian government has introduced various tax incentives and subsidies to promote the adoption of renewable energy, including BESS.
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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 Brazil residential lithium-ion battery energy storage systems market , including forecasts for subscribers. This country databook contains high-level insights into Brazil residential lithium-ion battery energy storage systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Brazil residential lithium-ion battery energy storage systems market size, by power rating, 2018-2030 (US$M)
Brazil Residential Lithium-ion Battery Energy Storage Systems Market Outlook Share, 2023 & 2030 (US$M)
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