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  1. 23 Nov 2021  |  Global  |  Mega Trends

    Global Residential Battery Energy Storage Growth Opportunities

    Higher Electricity Prices, Declining Technology Costs, and Desire for Grid Independence are Factors Driving Market Growth

    The residential battery storage market will continue its recent trajectory of strong growth, with global revenues increasing from $3.05 billion in 2021 to reach $8.11 billion in 2030. High electricity prices, declines in feed-in tariffs and net metering payments, and continued declines in lithium-ion battery prices and associated components are the...

    $4,950.00