The global residential battery market is anticipated to increase by USD 15 billion till 2028 at an average annual growth of 14.7 percent as per the latest report by Gen Consulting Company.

This industry report offers market estimates of the global market, followed by a detailed analysis of the product, and region. The global market data on residential battery can be segmented by product: lithium-ion battery, lead-acid battery, others. The lithium-ion battery segment was the largest contributor to the global residential battery market in 2021. Residential battery market is further segmented by region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. According to the research, Asia-Pacific had the largest share in the global residential battery market.

The global residential battery market is highly competitive. As of 2021, the major players in the global residential battery market were BYD Co. Ltd., Delta Electronics Ltd., Duracell Inc., Energizer Holding Inc., LG Energy Solution Ltd., NEC Corporation, Panasonic Corporation, Samsung SDI Co. Ltd., Schneider Electric EA, Siemens AG, Tesla Inc.

The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.

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