Market Growth and Trends

In 2024, the United States added 10.4 gigawatts of battery storage capacity, bringing the total capacity to over 26 gigawatts, demonstrating the rapid expansion of the storage market. 

Technological Innovation 

Third-generation residential energy storage batteries, featuring higher levels of automation, have been deployed globally in quantities exceeding 750,000 units. 

Policy and Incentives 

U.S. states are encouraging residential installation of energy storage systems through policies such as reducing net metering rates to promote the use of renewable energy. 

Future Outlook

The global residential energy storage market is expected to continue growing over the next decade, with market revenue projected to double by 2030, reaching $31.3 billion. 

Overall, residential energy storage battery technology is evolving toward greater efficiency and cost-effectiveness, driven by policy support and market demand, which are collectively propelling rapid progress in this field.