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住宅用エネルギー貯蔵市場は、2022年の推定7億1900万米ドルから2027年には18億2800万米ドルまで、予測期間中に年平均成長率20.5％で拡大すると予想されています。市場の主な推進要因としては、再生可能エネルギー分野への投資の増加に伴う、再生可能エネルギーによるエネルギー生産に対する需要の高まりが挙げられます。「住宅用エネルギー貯蔵市場は、用途別に3～6kW、6～10kW、10～20kWに分類され、2022～2027年には6～10kWが最大かつ最速の成長市場になると予測される。6～10kWのセグメントは、予測期間中に市場シェアとCAGRの点で優位に立つと予想され、この優位性は、ストレージがグリッド停止時のバックアップを提供できるため、グリッド供給への依存度が低下することに起因すると考えられる。 「技術別ではリチウムイオン分野が2022年から2027年にかけて最も急成長する見込み」技術別の住宅用エネルギー貯蔵市場は、リチウムイオンと鉛酸に区分される。リチウムイオンセグメントは、最も成長率の高いセグメントになると予想されます。この高い成長率は、リチウムイオン電池の製造拠点数の増加とR&Dへの高い投資に起因しています。"顧客所有型は、所有タイプ別に、2022年から2027年にかけて最大かつ最も成長率の高い市場になると予測されます "住宅用エネルギー貯蔵市場は、顧客所有型、電力会社所有、第三者所有に二分化されます。予測期間中は、顧客所有のセグメントが最も急速に成長する市場となり、電力会社所有がこれに続くと予想される。本レポートでは、主要な業界関係者、専門家、主要企業の経営幹部、業界コンサルタントなどの専門家に詳細なインタビューを行い、重要な定性・定量情報の入手と検証、および将来の市場展望の評価を行っています。一次インタビューの分布は以下の通りである。企業タイプ別ティア1- 65%, ティア2- 24%, ティア3- 11%By Designation: C-Level- 30%、Director- 11%By Designation:C-Level- 30%、Director Level- 25%、その他- 45%地域別。注：その他には、セールスマネージャー、マーケティングマネージャー、プロダクトマネージャー、プロダクトエンジニアが含まれます。企業の階層は、2017年時点の総収入に基づいて定義されています。Tier1：10億USD以上、Tier2：5億USD～10億USD、Tier3：5億USD未満。住宅用エネルギー貯蔵市場は、広い地域で存在感を示す少数の主要プレーヤーによって支配されています。住宅用エネルギー貯蔵の主要プレイヤーは、Tesla（米国）、VARTA AG（ドイツ）、Enphase Energy（米国）、BYD Company Ltd（中国）、Sonnen GmbH（ドイツ）、LG Energy Solution（韓国）、その他。調査対象：住宅用エネルギー貯蔵市場を、電力定格、接続タイプ、運転タイプ、所有タイプ、技術、地域別に定義、記述、予測しています。また、市場の詳細な定性・定量分析も行っています。本レポートでは、主要な市場促進要因、阻害要因、機会、課題について包括的にレビューしています。また、競合環境、市場力学、金額ベースの市場推定、住宅用エネルギー貯蔵市場の将来動向の分析など、市場の様々な重要な側面についても網羅しています。レポート購入の主なメリット1.本レポートは、住宅用エネルギー貯蔵の運用とサービスに関する主要市場を特定し、対応しており、機器メーカーやサービスプロバイダーが需要の伸びを検討するのに役立つでしょう2. 本レポートは、システムプロバイダーが市場の脈動を理解し、ドライバー、阻害要因、機会、課題に関する洞察を提供するのに役立ちます3. 3.本レポートは、キープレイヤーが競合他社の戦略をより良く理解し、より良い戦略的決定を下すのに役立つだろう。

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1 INTRODUCTION 40 1.1 STUDY OBJECTIVES 40 1.2 MARKET DEFINITION 40 1.3 INCLUSIONS AND EXCLUSIONS 41 1.4 STUDY SCOPE 41 1.4.1 RESIDENTIAL ENERGY STORAGE MARKET SEGMENTATION 41 1.4.2 REGIONAL SCOPE 42 1.4.3 YEARS CONSIDERED 42 1.5 CURRENCY CONSIDERED 43 1.6 LIMITATIONS 43 1.7 STAKEHOLDERS 43 1.8 SUMMARY OF CHANGES 44 2 RESEARCH METHODOLOGY 45 2.1 RESEARCH DATA 45 FIGURE 1 RESIDENTIAL ENERGY STORAGE MARKET: RESEARCH DESIGN 45 2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 46 FIGURE 2 DATA TRIANGULATION METHODOLOGY 46 2.2.1 SECONDARY DATA 47 2.2.1.1 Key data from secondary sources 47 2.2.2 PRIMARY DATA 48 2.2.2.1 Key data from primary sources 48 2.2.2.2 Breakdown of primaries 49 FIGURE 3 BREAKDOWN OF PRIMARIES: BY COMPANY, DESIGNATION, AND REGION 49 2.3 MARKET SIZE ESTIMATION 50 2.3.1 BOTTOM-UP APPROACH 50 FIGURE 4 RESIDENTIAL ENERGY STORAGE MARKET: BOTTOM-UP APPROACH 50 2.3.2 TOP-DOWN APPROACH 51 FIGURE 5 RESIDENTIAL ENERGY STORAGE MARKET: TOP-DOWN APPROACH 51 2.3.3 DEMAND-SIDE METRICS 51 FIGURE 6 RESIDENTIAL ENERGY STORAGE MARKET: DEMAND-SIDE ANALYSIS 51 FIGURE 7 METRICS CONSIDERED FOR ANALYZING AND ASSESSING DEMAND FOR RESIDENTIAL ENERGY STORAGE SYSTEMS 52 2.3.3.1 Assumptions for demand-side analysis 52 2.3.3.2 Calculations 53 2.3.4 SUPPLY-SIDE ANALYSIS 53 FIGURE 8 KEY METRICS CONSIDERED FOR ASSESSING SUPPLY OF RESIDENTIAL ENERGY STORAGE 53 FIGURE 9 RESIDENTIAL ENERGY STORAGE MARKET: SUPPLY-SIDE ANALYSIS 54 2.3.4.1 Assumptions and calculations 54 FIGURE 10 COMPANY REVENUE ANALYSIS, 2021 55 2.3.5 FORECAST 55 3 EXECUTIVE SUMMARY 56 TABLE 1 RESIDENTIAL ENERGY STORAGE MARKET SNAPSHOT 56 FIGURE 11 6 TO <10 KW SEGMENT TO ACCOUNT FOR LARGEST SHARE OF RESIDENTIAL ENERGY STORAGE MARKET, BY POWER RATING, THROUGHOUT FORECAST PERIOD 57 FIGURE 12 LITHIUM-ION BATTERY-POWERED RESIDENTIAL ENERGY STORAGE SYSTEMS TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD 57 FIGURE 13 CUSTOMER-OWNED SEGMENT TO LEAD RESIDENTIAL ENERGY STORAGE MARKET, BY OWNERSHIP TYPE, DURING FORECAST PERIOD 58 FIGURE 14 SOLAR AND STORAGE SYSTEMS TO COMMAND RESIDENTIAL ENERGY STORAGE MARKET, BY OPERATION TYPE, DURING FORECAST PERIOD 58 FIGURE 15 ON-GRID RESIDENTIAL ENERGY STORAGE SYSTEMS TO CAPTURE LARGER MARKET SHARE IN 2027 59 FIGURE 16 EUROPE DOMINATED RESIDENTIAL ENERGY STORAGE MARKET IN 2021 59 4 PREMIUM INSIGHTS 61 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN RESIDENTIAL ENERGY STORAGE MARKET 61 FIGURE 17 DECLINING COSTS OF LITHIUM-ION BATTERIES TO DRIVE RESIDENTIAL ENERGY STORAGE MARKET GROWTH IN COMING YEARS 61 4.2 RESIDENTIAL ENERGY STORAGE MARKET, BY REGION 62 FIGURE 18 ASIA PACIFIC TO WITNESS HIGHEST GROWTH IN RESIDENTIAL ENERGY STORAGE MARKET DURING FORECAST PERIOD 62 4.3 RESIDENTIAL ENERGY STORAGE, BY POWER RATING 62 FIGURE 19 6 TO <10 KW SEGMENT DOMINATED RESIDENTIAL ENERGY STORAGE MARKET IN 2021 62 4.4 RESIDENTIAL ENERGY STORAGE MARKET, BY OWNERSHIP TYPE 63 FIGURE 20 CUSTOMER-OWNED RESIDENTIAL ENERGY STORAGE SYSTEMS HELD LARGEST MARKET SHARE IN 2021 63 4.5 RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE 63 FIGURE 21 ON-GRID SEGMENT ACCOUNTED FOR LARGER MARKET SHARE THAN OFF-GRID SEGMENT IN 2021 63 4.6 RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY 64 FIGURE 22 LITHIUM-ION TECHNOLOGY ACCOUNTED FOR LARGER MARKET SHARE THAN LEAD-ACID TECHNOLOGY IN 2021 64 4.7 RESIDENTIAL ENERGY STORAGE MARKET, BY OPERATION TYPE 64 FIGURE 23 SOLAR AND STORAGE SYSTEMS HELD LARGER MARKET SHARE THAN STANDALONE SYSTEMS IN 2021 64 5 MARKET OVERVIEW 65 5.1 INTRODUCTION 65 5.1.1 DRIVERS 66 5.1.1.1 Government initiatives pertaining to energy storage projects 66 5.1.1.2 Significant demand for electric vehicles 66 FIGURE 24 GLOBAL ELECTRIC VEHICLE SALES AND MARKET SHARE, 2018–2021 67 5.1.1.3 Increased investments in R&D of lithium-ion batteries 67 FIGURE 25 DECLINING COST OF LITHIUM-ION BATTERIES (2012–2020) 68 5.1.2 RESTRAINTS 68 5.1.2.1 Lack of battery disposal and recycling standards 68 5.1.2.2 High initial investment 68 TABLE 2 COST OF RESIDENTIAL ENERGY STORAGE SYSTEMS OFFERED BY KEY PLAYERS 69 5.1.3 OPPORTUNITIES 69 5.1.3.1 Rising demand for grid energy storage systems 69 5.1.3.2 Increasing installation of solar PV modules 69 FIGURE 26 SOLAR PV INSTALLATION, BY GEOGRAPHY, 2018–2020 70 5.1.4 CHALLENGES 70 5.1.4.1 Safety concerns for lithium-ion batteries 70 5.1.4.2 Aging of lithium-ion batteries 70 5.2 IMPACT OF COVID-19 71 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 71 FIGURE 27 NEW REVENUE POCKETS FOR PROVIDERS OF RESIDENTIAL ENERGY STORAGE SYSTEMS 71 5.4 SUPPLY CHAIN ANALYSIS 72 FIGURE 28 RESIDENTIAL ENERGY STORAGE MARKET: SUPPLY CHAIN ANALYSIS 72 5.4.1 RAW MATERIAL SUPPLIERS 72 5.4.2 BATTERY MANUFACTURERS 72 5.4.3 SOFTWARE SUPPLIERS 72 5.4.4 ENERGY STORAGE SYSTEM SUPPLIERS 73 5.5 ECOSYSTEM ANALYSIS 73 TABLE 3 RESIDENTIAL ENERGY STORAGE MARKET: ECOSYSTEM 73 5.6 TRADE ANALYSIS 74 TABLE 4 IMPORT SCENARIO FOR HS CODE: 850650, BY COUNTRY, 2019–2021 (USD) 74 FIGURE 29 IMPORT DATA FOR TOP FIVE COUNTRIES, 2017–2021 (USD THOUSAND) 75 TABLE 5 EXPORT SCENARIO FOR HS CODE: 850650, BY COUNTRY, 2019–2021 (USD) 75 FIGURE 30 EXPORT DATA FOR TOP FIVE COUNTRIES, 2017–2021 (USD THOUSAND) 76 5.7 MARKET MAP 76 FIGURE 31 RESIDENTIAL ENERGY STORAGE: MARKET MAP 76 5.8 TECHNOLOGY ANALYSIS 77 5.8.1 LITHIUM-ION 77 5.8.2 LEAD-ACID 77 5.8.3 TECHNOLOGY ADVACEMENTS 77 5.9 KEY CONFERENCES AND EVENTS, 2022–2023 78 TABLE 6 RESIDENTIAL ENERGY STORAGE MARKET: LIST OF CONFERENCES AND EVENTS 78   5.10 PATENT ANALYSIS 79 5.10.1 LIST OF MAJOR PATENTS 79 TABLE 7 RESIDENTIAL ENERGY STORAGE SYSTEM: INNOVATIONS AND PATENT REGISTRATIONS, JUNE 2020–AUGUST 2022 79 5.11 PRICING ANALYSIS 81 5.11.1 AVERAGE SELLING PRICE OF ENERGY STORAGE SYSTEMS OFFERED BY KEY PLAYERS, BY POWER RATING 81 5.11.2 AVERAGE SELLING PRICE TREND 81 FIGURE 32 COST OF RESIDENTIAL ENERGY STORAGE SYSTEMS, 2019–2021 81 5.12 TARIFF AND REGULATORY LANDSCAPE 82 5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 82 TABLE 8 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 82 TABLE 9 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 82 TABLE 10 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 83 TABLE 11 GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 83 5.12.2 STANDARDS AND REGULATIONS 83 TABLE 12 RESIDENTIAL ENERGY STORAGE MARKET: STANDARDS AND REGULATIONS 83 5.13 CASE STUDY ANALYSIS 85 5.13.1 CMEEC AIMS TO ENERGIZE CUSTOMERS AND ENSURE COMMUNITY PROSPERITY BY PROVIDING LOWER-COST ENERGY SOLUTIONS 85 5.13.1.1 Problem statement 85 5.13.1.2 Solution 85 5.13.2 BYD COMPANY LTD. LAUNCHED NEW BATTERY BOX SYSTEM COMPATIBLE WITH ALL PV SOLAR INVERTERS 85 5.13.2.1 Problem statement 85 5.13.2.2 Solution 85 5.13.3 E3/DC FULFILLED DEMAND OF HOMEOWNER WHO WANTED TO ACHIEVE 80% OF ENERGY SELF-SUFFICIENCY WITH SOLAR POWER 85 5.13.3.1 Problem statement 85 5.13.3.2 Solution 86 5.14 PORTER’S FIVE FORCES ANALYSIS 86 FIGURE 33 RESIDENTIAL ENERGY STORAGE MARKET: PORTER’S FIVE FORCES ANALYSIS 86 TABLE 13 RESIDENTIAL ENERGY STORAGE SYSTEMS: PORTER’S FIVE FORCES ANALYSIS 87 5.14.1 THREAT OF NEW ENTRANTS 87 5.14.2 BARGAINING POWER OF BUYERS 87 5.14.3 BARGAINING POWER OF SUPPLIERS 87 5.14.4 THREAT OF SUBSTITUTES 88 5.14.5 INTENSITY OF COMPETITIVE RIVALRY 88   5.15 KEY STAKEHOLDERS AND BUYING CRITERIA 88 5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS 88 FIGURE 34 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY TECHNOLOGY 88 TABLE 14 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF TOP 2 TECHNOLOGIES (%) 88 5.15.2 BUYING CRITERIA 89 FIGURE 35 KEY BUYING CRITERIA FOR TOP TECHNOLOGY-BASED RESIDENTIAL ENERGY STORAGE SYSTEMS 89 TABLE 15 KEY BUYING CRITERIA, BY TECHNOLOGY 89 6 RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY 90 6.1 INTRODUCTION 91 FIGURE 36 RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2021 91 TABLE 16 RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2020 (USD MILLION) 91 TABLE 17 RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION) 91 6.2 LITHIUM-ION 92 6.2.1 HAVE HIGHER ENERGY DENSITY THAN LEAD-ACID BATTERIES 92 TABLE 18 LITHIUM-ION: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION, 2016–2020 (USD MILLION) 92 TABLE 19 LITHIUM-ION: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION, 2021–2027 (USD MILLION) 93 6.3 LEAD-ACID 93 6.3.1 LONG LIFESPAN OF LEAD-ACID BATTERIES TO DRIVE MARKET 93 TABLE 20 LEAD-ACID: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION, 2016–2020 (USD MILLION) 93 TABLE 21 LEAD-ACID: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION, 2021–2027 (USD MILLION) 94 7 RESIDENTIAL ENERGY STORAGE MARKET, BY POWER RATING 95 7.1 INTRODUCTION 96 FIGURE 37 6 TO <10 KW SEGMENT ACCOUNTED FOR LARGEST SHARE OF RESIDENTIAL ENERGY STORAGE MARKET IN 2021 96 TABLE 22 RESIDENTIAL ENERGY STORAGE MARKET, BY POWER RATING, 2016–2020 (USD MILLION) 96 TABLE 23 RESIDENTIAL ENERGY STORAGE MARKET, BY POWER RATING, 2021–2027 (USD MILLION) 96 7.2 3 TO <6 KW 97 7.2.1 GROWING DEMAND FOR SYSTEMS WITH LOWEST POWER INPUT TO STIMULATE MARKET GROWTH 97 TABLE 24 3 TO <6 KW: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION, 2016–2020 (USD MILLION) 97 TABLE 25 3 TO <6 KW: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION, 2021–2027 (USD MILLION) 98   7.3 6 TO <10 KW 98 7.3.1 LONG-DURATION POWER OUTAGES TO PROMOTE USE OF SYSTEMS WITH 6 TO <10 KW POWER RATING 98 TABLE 26 6 TO <10 KW: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION, 2016–2020 (USD MILLION) 98 TABLE 27 6 TO <10 KW: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION, 2021–2027 (USD MILLION) 99 7.4 10 TO 20 KW 99 7.4.1 NEED FOR HIGH-POWER APPLIANCES BOOSTS DEMAND FOR SYSTEMS WITH HIGH POWER RATING 99 TABLE 28 10 TO 20 KW: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION, 2016–2020 (USD MILLION) 99 TABLE 29 10 TO 20 KW: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION, 2021–2027 (USD MILLION) 100 8 RESIDENTIAL ENERGY STORAGE MARKET, BY OWNERSHIP TYPE 101 8.1 INTRODUCTION 102 FIGURE 38 CUSTOMER-OWNED SEGMENT DOMINATED RESIDENTIAL ENERGY STORAGE MARKET IN 2021 102 TABLE 30 RESIDENTIAL ENERGY STORAGE MARKET, BY OWNERSHIP TYPE, 2016–2020 (USD MILLION) 102 TABLE 31 RESIDENTIAL ENERGY STORAGE MARKET, BY OWNERSHIP TYPE, 2021–2027 (USD MILLION) 103 8.2 CUSTOMER-OWNED 103 8.2.1 RESOLVE ISSUES OF OVERVOLTAGE AND IMBALANCE OF ENERGY SUPPLY AND DEMAND 103 TABLE 32 CUSTOMER-OWNED: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION, 2016–2020 (USD MILLION) 104 TABLE 33 CUSTOMER-OWNED: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION, 2021–2027 (USD MILLION) 104 8.3 UTILITY-OWNED 104 8.3.1 GLOBAL RENEWABLE ENERGY GENERATION INITIATIVES TO BOOST INSTALLATION OF UTILITY-OWNED ESS 104 TABLE 34 UTILITY-OWNED: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION, 2016–2020 (USD MILLION) 105 TABLE 35 UTILITY-OWNED: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION, 2021–2027 (USD MILLION) 105 8.4 THIRD-PARTY-OWNED 106 8.4.1 HIGH UPFRONT COST AND LOW PER CAPITA INCOME TO BOOST DEMAND FOR THIRD-PARTY-OWNED ESS 106 TABLE 36 THIRD-PARTY-OWNED: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION, 2016–2020 (USD MILLION) 106 TABLE 37 THIRD-PARTY-OWNED: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION, 2021–2027 (USD MILLION) 106   9 RESIDENTIAL ENERGY STORAGE MARKET, BY OPERATION TYPE 107 9.1 INTRODUCTION 108 FIGURE 39 RESIDENTIAL ENERGY STORAGE MARKET, BY OPERATION TYPE, 2021 108 TABLE 38 RESIDENTIAL ENERGY STORAGE MARKET, BY OPERATION TYPE, 2016–2020 (USD MILLION) 108 TABLE 39 RESIDENTIAL ENERGY STORAGE MARKET, BY OPERATION TYPE, 2021–2027 (USD MILLION) 108 9.2 STANDALONE SYSTEMS 109 9.2.1 LOWER UPFRONT COSTS OF STANDALONE SYSTEMS TO DRIVE MARKET GROWTH 109 TABLE 40 STANDALONE SYSTEMS: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION, 2016–2020 (USD MILLION) 109 TABLE 41 STANDALONE SYSTEMS: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION, 2021–2027 (USD MILLION) 109 9.3 SOLAR AND STORAGE SYSTEMS 110 9.3.1 HIGH REQUIREMENT FOR ENERGY SELF-SUFFICIENCY TO BOOST DEMAND FOR SOLAR AND STORAGE SYSTEMS 110 TABLE 42 SOLAR AND STORAGE SYSTEMS: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION, 2016–2020 (USD MILLION) 110 TABLE 43 SOLAR AND STORAGE SYSTEMS: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION, 2021–2027 (USD MILLION) 111 10 RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE 112 10.1 INTRODUCTION 113 FIGURE 40 RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2021 113 TABLE 44 RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2016–2020 (USD MILLION) 113 TABLE 45 RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2021–2027 (USD MILLION) 114 10.2 ON-GRID 114 10.2.1 RISING USE OF ON-GRID BATTERY STORAGE SYSTEMS TO REDUCE ENERGY BILLS 114 TABLE 46 ON-GRID: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION, 2016–2020 (USD MILLION) 114 TABLE 47 ON-GRID: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION, 2021–2027 (USD MILLION) 115 10.3 OFF-GRID 115 10.3.1 NEED TO KEEP ENVIRONMENT CLEAN AND SAFE TO PROMOTE USE OF OFF-GRID SYSTEMS 115 TABLE 48 OFF-GRID: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION, 2016–2020 (USD MILLION) 116 TABLE 49 OFF-GRID: RESIDENTIAL ENERGY STORAGE MARKET, BY REGION, 2021–2027 (USD MILLION) 116   11 RESIDENTIAL ENERGY STORAGE MARKET, BY REGION 117 11.1 INTRODUCTION 118 FIGURE 41 EUROPE DOMINATED RESIDENTIAL ENERGY STORAGE MARKET IN 2021 118 TABLE 50 RESIDENTIAL ENERGY STORAGE MARKET, BY REGION, 2016–2020 (MW) 119 TABLE 51 RESIDENTIAL ENERGY STORAGE MARKET, BY REGION, 2021–2027 (MW) 119 TABLE 52 RESIDENTIAL ENERGY STORAGE MARKET, BY REGION, 2016–2020 (USD MILLION) 119 TABLE 53 RESIDENTIAL ENERGY STORAGE MARKET, BY REGION, 2021–2027 (USD MILLION) 120 11.2 NORTH AMERICA 120 FIGURE 42 NORTH AMERICA: SNAPSHOT OF RESIDENTIAL ENERGY STORAGE MARKET, 2021 121 TABLE 54 NORTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2020 (USD MILLION) 121 TABLE 55 NORTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION) 122 TABLE 56 NORTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY POWER RATING, 2016–2020 (USD MILLION) 122 TABLE 57 NORTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY POWER RATING, 2021–2027 (USD MILLION) 122 TABLE 58 NORTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY OWNERSHIP TYPE, 2016–2020 (USD MILLION) 123 TABLE 59 NORTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY OWNERSHIP TYPE, 2021–2027 (USD MILLION) 123 TABLE 60 NORTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY OPERATION TYPE, 2016–2020 (USD MILLION) 123 TABLE 61 NORTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY OPERATION TYPE, 2021–2027 (USD MILLION) 123 TABLE 62 NORTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2016–202O (USD MILLION) 124 TABLE 63 NORTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2021–2027 (USD MILLION) 124 TABLE 64 NORTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY COUNTRY, 2016–2020 (MW) 124 TABLE 65 NORTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY COUNTRY, 2021–2027 (MW) 125 TABLE 66 NORTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY COUNTRY, 2016–2020 (USD MILLION) 125 TABLE 67 NORTH AMERICA: RESIDENTIAL ENERGY STORAGE MARKET, BY COUNTRY, 2021–2027 (USD MILLION) 125 11.2.1 US 126 11.2.1.1 High sales of solar and storage systems to boost market growth 126 TABLE 68 US: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2020 (USD MILLION) 126 TABLE 69 US: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION) 126 TABLE 70 US: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2016–2020 (USD MILLION) 127 TABLE 71 US: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2021–2027 (USD MILLION) 127 11.2.2 CANADA 127 11.2.2.1 Supportive policies promoting installation of ESS to drive market growth 127 TABLE 72 CANADA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2020 (USD MILLION) 128 TABLE 73 CANADA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION) 128 TABLE 74 CANADA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2016–2020 (USD MILLION) 128 TABLE 75 CANADA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2021–2027 (USD MILLION) 128 11.2.3 MEXICO 129 11.2.3.1 Strong focus on improving power quality and reducing electricity costs to drive market growth 129 TABLE 76 MEXICO: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2020 (USD MILLION) 129 TABLE 77 MEXICO: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION) 129 TABLE 78 MEXICO: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2016–2020 (USD MILLION) 130 TABLE 79 MEXICO: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2021–2027 (USD MILLION) 130 11.3 ASIA PACIFIC 130 FIGURE 43 ASIA PACIFIC: SNAPSHOT OF RESIDENTIAL ENERGY STORAGE MARKET, 2021 131 TABLE 80 ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2020 (USD MILLION) 131 TABLE 81 ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION) 132 TABLE 82 ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET, BY POWER RATING, 2016–2020 (USD MILLION) 132 TABLE 83 ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET, BY POWER RATING, 2021–2027 (USD MILLION) 132 TABLE 84 ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET, BY OWNERSHIP TYPE, 2016–2020 (USD MILLION) 133 TABLE 85 ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET, BY OWNERSHIP TYPE, 2021–2027 (USD MILLION) 133 TABLE 86 ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET, BY OPERATION TYPE, 2016–2020 (USD MILLION) 133 TABLE 87 ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET, BY OPERATION TYPE, 2021–2027 (USD MILLION) 133 TABLE 88 ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2016–2020 (USD MILLION) 134 TABLE 89 ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2021–2027 (USD MILLION) 134 TABLE 90 ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET, BY COUNTRY, 2016–2020 (MW) 134 TABLE 91 ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET, BY COUNTRY, 2021–2027 (MW) 135 TABLE 92 ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET, BY COUNTRY, 2016–2020 (USD MILLION) 135 TABLE 93 ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET, BY COUNTRY, 2021–2027 (USD MILLION) 135 11.3.1 CHINA 136 11.3.1.1 Rising need for grid stability to boost market 136 TABLE 94 CHINA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2020 (USD MILLION) 136 TABLE 95 CHINA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION) 136 TABLE 96 CHINA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2016–2020 (USD MILLION) 137 TABLE 97 CHINA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2021–2027 (USD MILLION) 137 11.3.2 INDIA 137 11.3.2.1 Utilization of distributed renewables energy technology to spur demand for ESS 137 TABLE 98 INDIA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2020 (USD MILLION) 138 TABLE 99 INDIA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION) 138 TABLE 100 INDIA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2016–2020 (USD MILLION) 138 TABLE 101 INDIA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2021–2027 (USD MILLION) 139 11.3.3 JAPAN 139 11.3.3.1 R&D efforts by battery providers to support market growth 139 TABLE 102 JAPAN: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2020 (USD MILLION) 140 TABLE 103 JAPAN: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION) 140 TABLE 104 JAPAN: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2016–2020 (USD MILLION) 140 TABLE 105 JAPAN: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2021–2027 (USD MILLION) 141 11.3.4 SOUTH KOREA 141 11.3.4.1 Need to improve power quality and reliability to drive market 141 TABLE 106 SOUTH KOREA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2020 (USD MILLION) 141 TABLE 107 SOUTH KOREA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION) 141 TABLE 108 SOUTH KOREA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2016–2020 (USD MILLION) 142 TABLE 109 SOUTH KOREA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2021–2027 (USD MILLION) 142 11.3.5 AUSTRALIA 142 11.3.5.1 Launch of incentives to install battery-powered energy storage systems to push market growth 142 TABLE 110 AUSTRALIA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2020 (USD MILLION) 143 TABLE 111 AUSTRALIA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION) 143 TABLE 112 AUSTRALIA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2016–2020 (USD MILLION) 143 TABLE 113 AUSTRALIA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2021–2027 (USD MILLION) 144 11.3.6 REST OF ASIA PACIFIC 144 TABLE 114 REST OF ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2020 (USD MILLION) 144 TABLE 115 REST OF ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION) 145 TABLE 116 REST OF ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2016–2020 (USD MILLION) 145 TABLE 117 REST OF ASIA PACIFIC: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2021–2027 (USD MILLION) 145 11.4 EUROPE 145 TABLE 118 EUROPE: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2020 (USD MILLION) 146 TABLE 119 EUROPE: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION) 146 TABLE 120 EUROPE: RESIDENTIAL ENERGY STORAGE MARKET, BY POWER RATING, 2016–2020 (USD MILLION) 147 TABLE 121 EUROPE: RESIDENTIAL ENERGY STORAGE MARKET, BY POWER RATING, 2021–2027 (USD MILLION) 147 TABLE 122 EUROPE: RESIDENTIAL ENERGY STORAGE MARKET, BY OWNERSHIP TYPE, 2016–2020 (USD MILLION) 147 TABLE 123 EUROPE: RESIDENTIAL ENERGY STORAGE MARKET, BY OWNERSHIP TYPE, 2021–2027 (USD MILLION) 148 TABLE 124 EUROPE: RESIDENTIAL ENERGY STORAGE MARKET, BY OPERATION TYPE, 2016–2020 (USD MILLION) 148 TABLE 125 EUROPE: RESIDENTIAL ENERGY STORAGE MARKET, BY OPERATION TYPE, 2021–2027 (USD MILLION) 148 TABLE 126 EUROPE: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2016–2020 (USD MILLION) 148 TABLE 127 EUROPE: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2021–2027 (USD MILLION) 149 TABLE 128 EUROPE: RESIDENTIAL ENERGY STORAGE MARKET, BY COUNTRY, 2016–2020 (KW) 149 TABLE 129 EUROPE: RESIDENTIAL ENERGY STORAGE MARKET, BY COUNTRY, 2021–2027 (KW) 150 TABLE 130 EUROPE: RESIDENTIAL ENERGY STORAGE MARKET, BY COUNTRY, 2016–2020 (USD THOUSAND) 150 TABLE 131 EUROPE: RESIDENTIAL ENERGY STORAGE MARKET, BY COUNTRY, 2021–2027 (USD THOUSAND) 151   11.4.1 GERMANY 151 11.4.1.1 Adoption of rooftop solar energy systems to accelerate market growth 151 TABLE 132 GERMANY: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2020 (USD MILLION) 152 TABLE 133 GERMANY: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION) 152 TABLE 134 GERMANY: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2016–2020 (USD MILLION) 152 TABLE 135 GERMANY: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2021–2027 (USD MILLION) 153 11.4.2 ITALY 153 11.4.2.1 Superbonus 110% scheme to accelerate market growth 153 TABLE 136 ITALY: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2020 (USD MILLION) 153 TABLE 137 ITALY: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION) 154 TABLE 138 ITALY: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2016–2020 (USD MILLION) 154 TABLE 139 ITALY: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2021–2027 (USD MILLION) 154 11.4.3 UK 155 11.4.3.1 Strong focus on achieving grid independence to push demand for residential energy systems 155 TABLE 140 UK: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2020 (USD MILLION) 155 TABLE 141 UK: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION) 155 TABLE 142 UK: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2016–2020 (USD MILLION) 156 TABLE 143 UK: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2021–2027 (USD MILLION) 156 11.4.4 AUSTRIA 156 11.4.4.1 High difference between retail electricity prices and subsidized feed-in tariff to foster market growth 156 TABLE 144 AUSTRIA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2020 (USD MILLION) 157 TABLE 145 AUSTRIA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION) 157 TABLE 146 AUSTRIA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2016–2020 (USD MILLION) 157 TABLE 147 AUSTRIA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2021–2027 (USD MILLION) 158 11.4.5 FRANCE 158 11.4.5.1 Significant efforts to reduce greenhouse gas emissions to propel market growth 158 TABLE 148 FRANCE: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2020 (USD MILLION) 158 TABLE 149 FRANCE: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION) 159 TABLE 150 FRANCE: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2016–2020 (USD MILLION) 159 TABLE 151 FRANCE: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2021–2027 (USD MILLION) 159 11.4.6 NETHERLANDS 160 11.4.6.1 Withdrawing from net-metering schemes to support installation of ESS 160 TABLE 152 NETHERLANDS: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2020 (USD MILLION) 160 TABLE 153 NETHERLANDS: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION) 160 TABLE 154 NETHERLANDS: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2016–2020 (USD MILLION) 161 TABLE 155 NETHERLANDS: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2021–2027 (USD MILLION) 161 11.4.7 SWITZERLAND 161 11.4.7.1 Government incentives and supportive policy framework to push market growth 161 TABLE 156 SWITZERLAND: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2020 (USD MILLION) 161 TABLE 157 SWITZERLAND: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION) 162 TABLE 158 SWITZERLAND: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2016–2020 (USD MILLION) 162 TABLE 159 SWITZERLAND: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2021–2027 (USD MILLION) 162 11.4.8 SPAIN 163 11.4.8.1 Favorable national incentive package to install PV modules to fuel market growth 163 TABLE 160 SPAIN: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2020 (USD THOUSAND) 163 TABLE 161 SPAIN: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2021–2027 (USD THOUSAND) 163 TABLE 162 SPAIN: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2016–2020 (USD THOUSAND) 164 TABLE 163 SPAIN: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2021–2027 (USD THOUSAND) 164 11.4.9 BELGIUM 164 11.4.9.1 Investment in virtual power plants to boost market growth 164 TABLE 164 BELGIUM: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2020 (USD THOUSAND) 164 TABLE 165 BELGIUM: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2021–2027 (USD THOUSAND) 165 TABLE 166 BELGIUM: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2016–2020 (USD THOUSAND) 165 TABLE 167 BELGIUM: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2021–2027 (USD THOUSAND) 165 11.4.10 POLAND 165 11.4.10.1 Government subsidies to install solar panels to support market growth 165 TABLE 168 POLAND: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2020 (USD THOUSAND) 166 TABLE 169 POLAND: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2021–2027 (USD THOUSAND) 166 TABLE 170 POLAND: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2016–2020 (USD THOUSAND) 166 TABLE 171 POLAND: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2021–2027 (USD THOUSAND) 167 11.4.11 CZECH REPUBLIC 167 11.4.11.1 Favorable regulations for installation of smart home energy management systems to stimulate market growth 167 TABLE 172 CZECH REPUBLIC: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2020 (USD THOUSAND) 167 TABLE 173 CZECH REPUBLIC: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2021–2027 (USD THOUSAND) 167 TABLE 174 CZECH REPUBLIC: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2016–2020 (USD THOUSAND) 168 TABLE 175 CZECH REPUBLIC: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2021–2027 (USD THOUSAND) 168 11.4.12 BULGARIA 168 11.4.12.1 High investment in renewable energy projects to propel market growth 168 TABLE 176 BULGARIA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2020 (USD THOUSAND) 169 TABLE 177 BULGARIA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2021–2027 (USD THOUSAND) 169 TABLE 178 BULGARIA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2016–2020 (USD THOUSAND) 169 TABLE 179 BULGARIA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2021–2027 (USD THOUSAND) 170 11.4.13 HUNGARY 170 11.4.13.1 Increased installed capacity of solar power plants to drive market 170 TABLE 180 HUNGARY: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2020 (USD THOUSAND) 170 TABLE 181 HUNGARY: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2021–2027 (USD THOUSAND) 171 TABLE 182 HUNGARY: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2016–2020 (USD THOUSAND) 171 TABLE 183 HUNGARY: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2021–2027 (USD THOUSAND) 171 11.4.14 ROMANIA 171 11.4.14.1 Advancements in battery technology to spur demand for battery-powered ESS 171 TABLE 184 ROMANIA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2020 (USD THOUSAND) 172 TABLE 185 ROMANIA: RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2021–2027 (USD THOUSAND) 172 TABLE 186 ROMANIA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2016–2020 (USD THOUSAND) 172 TABLE 187 ROMANIA: RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE, 2021–2027 (USD THOUSAND) 173