Residential energy storage market projected to reach 46.1 TWh

The global residential energy storage market is experiencing rapid growth, driven by increased solar PV penetration, a demand for energy autonomy, and a need for grid flexibility. According to estimates from InfoLink, the global market is projected to reach 46.1 TWh this year.

Europe remains a central pillar of the market with a capacity of 15.4 GWh, led by strong demand in Germany, Italy, and Austria, while emerging interest is noted in Ukraine. Growth is also accelerating in Asia and Oceania, specifically in markets such as Pakistan, the Philippines, and Vietnam.

The manufacturing sector is characterized by intense competition. During the first half of the year, market leaders included ESS (11.5% share), Sigenergy (11.3%), and Deye (11%), reflecting a highly competitive landscape with narrow margins between top suppliers.