The residential battery market has witnessed significant growth in recent years owing to the increasing demand for backup power solutions from residential consumers. Battery energy storage systems for residential use offer advantages like off-grid power supply during power outages and supply of cleaner energy using solar panels. The global residential battery market is estimated to be valued at US$ 17.96 Billion in 2024 and is expected to exhibit a CAGR of 9.7% over the ... Read more
