Home energy storage lithium battery market landscape

The global residential lithium-ion battery energy storage systems market sizewas valued at USD 4.56 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 32.1% from 2023 to 2030. The lithium-ion battery energy storage systems in the market. The 3 kW to 5 kW segment dominated the global residential lithium-ion battery energy storage systems market in the power rating segment and accounted for more than 54.0%. The off-grid segment dominated the global residential lithium-ion battery energy storage systems market in the connectivity segment and accounted for more than 56.0% overall revenue share in 2022. The demand for. Established players in the market are developing new products through R&D suitable for residential lithium-ion battery energy storage. Asia Pacific dominated the regional segment and accounted for the overall revenue share of more than 40.0% in 2022. The market in Asia Pacific is expected to witness significant growth over the forecast.