Residential Energy Storage Market Next Big Thing: Tesla, Panasonic Holdings Corporation, Sonnen GmbH, VARTA AG, Enphase Energy
New Revenue Pockets:
The residential energy storage market is anticipated to reach a value of USD 898 million in 2023 and is expected to expand to USD 2,081 million by 2028, exhibiting a CAGR of 18.3%. The market growth is propelled by the decreasing costs of lithium-ion batteries and significant government investments, which contribute to the market’s positive trajectory.
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