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Residential Energy Storage Market Size to Reach USD 13,910 Million by 2027 at CAGR 12 9%

Residential Energy Storage Market Size to Reach USD 13,910 Million by 2027 at CAGR 12.9% - Valuates Reports Residential Energy Storage Market is Segmented by Connectivity (On-Grid & Off-Grid), by Technology (Lead-Acid Battery Energy Storage & Lithium-Ion Battery Energy Storage). The report covers global opportunity analysis and industry forecast from 2022 to 2027. It is published on Valuates Reports in the Renewable & Alternative Energy Category. The Residential Energy Storage market size is projected to reach USD 13,910 Million by 2027, from USD 6,716.5 Million in 2020, at a CAGR of 12.9% during the forecast period 2022-2027. Major factors driving the growth of residential energy storage market size are: Increase in demand for uninterrupted and reliable power supply and the rise in adoption of solar rooftop systems by the residential sector.

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