Residential Energy Storage Market Recent Developments & Emerging Trends To 2027
The residential energy storage market is expected to grow from an estimated in USD 719 million in 2022 to USD 1,828 million by 2027, at a CAGR of 20.5% during the forecast period. The rising demand of solar PV installations and the manufacturing of electric vehicles are expected to be the primary drivers of the market.
A few major players that have a wide regional presence dominate the residential...