Global – July 2025 — The residential solar energy storage market is experiencing rapid expansion, underpinned by strong market dynamics and technological advancements.
In 2024, the global residential solar energy storage market reached USD 61.5 billion, and is projected to grow at 18.3% CAGR from 2025 to 2034, according to a recent Global Market Insights report
Technological improvements and scale efficiencies are making systems more affordable and reliable, further boosting uptake
These systems enhance grid stability by reducing peak demand spikes during evening hours.
Home battery deployment complements clean energy goals—largely stemming increasing emissions and reducing reliance on fossil fuels.
The residential segment is forecasted to be a major driver of global battery demand, with storage representing a growing share of total battery market volume.
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