China Residential Lithium-ion Battery Energy Storage Systems Market Size & Outlook
China residential lithium-ion battery energy storage systems market, 2018-2030 (US$M)
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China residential lithium-ion battery energy storage systems market highlights
- The China residential lithium-ion battery energy storage systems market generated a revenue of USD 1,760.5 million in 2023 and is expected to reach USD 11,478.2 million by 2030.
- The China market is expected to grow at a CAGR of 30.7% 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 1,760.5 million |
| Market revenue in 2030 | USD 11,478.2 million |
| Growth rate | 30.7% (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, China accounted for 25.3% 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 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 |
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China 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 48.86% in 2023. Horizon Databook has segmented the China 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.
China is one of the major consumer market of residential battery energy storage systems in the world. China accounted for the highest demand for battery energy storage systems in Asia Pacific on account of the increasing number of people adoption battery storage in their homes.
Over the past few years, China’s investment in solar power plants has been staggering on account of the country’s push toward the reduction of carbon emissions to a minimal level by the end of 2020.
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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 China residential lithium-ion battery energy storage systems market , including forecasts for subscribers. This country databook contains high-level insights into China residential lithium-ion battery energy storage systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China residential lithium-ion battery energy storage systems market size, by power rating, 2018-2030 (US$M)
China Residential Lithium-ion Battery Energy Storage Systems Market Outlook Share, 2023 & 2030 (US$M)
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