Jun 23, 2025 · China''s household storage product shipments account for 70% of the world''s total! Large-capacity energy storage batteries penetrate the market. The latest statistics show that
PCS shipments to front-of-the-meter (FTM) energy storage siting accounted for over 50% of total global shipments over the forecast period (2023–30), with the United States and China mainland accounting for the majority of these shipments.
European warehouses are reporting very high inventory levels for residential energy storage systems, with aggressive prices expected, as distributors need to start clearing their stocks, according to S&P Global. Global residential storage shipments fell for the first time in Q2 2023. Image: S&P Global
Global residential storage shipments fell for the first time in Q2 2023. Image: S&P Global The second quarter of 2023 was the first quarter on record in which global residential energy storage shipments have declined year on year, down by 2%, according to S&P Global Commodity Insights.
PCS shipments to front-of-the-meter (FTM) energy storage siting accounted for over 50% of total global shipments over the forecast period (2023-30), with the United States and China mainland accounting for the majority of these shipments. While some PCS suppliers are globally focused, many suppliers focus on a few key markets in FTM.
Globally, S&P Global said it expects residential energy storage installations to rise by approximately 15% in 2023. However, shipment growth is expected to be more gradual as inventory levels are gradually depleted.
The top two predominated, with CATL shipping more than 40 GWh and EVE Energy shipping nearly 15 GWh. The rest of the three shipped less than 10 GWh, with slight difference between each other. The June 30 installation rush drove cell shipment for utility-scale storage market in the first half, up 44.3%.
The global residential solar storage and inverter market is experiencing rapid expansion, with demand increasing by over 300% in the past three years. Home energy storage solutions now account for approximately 35% of all new residential solar installations worldwide. North America leads with 38% market share, driven by homeowner energy independence goals and federal tax credits that reduce total system costs by 26-30%. Europe follows with 32% market share, where standardized home storage designs have cut installation timelines by 55% compared to custom solutions. Asia-Pacific represents the fastest-growing region at 45% CAGR, with manufacturing innovations reducing system prices by 18% annually. Emerging markets are adopting residential storage for backup power and energy cost reduction, with typical payback periods of 4-7 years. Modern home installations now feature integrated systems with 10-30kWh capacity at costs below $700/kWh for complete residential energy solutions.
Technological advancements are dramatically improving home solar storage and inverter performance while reducing costs. Next-generation battery management systems maintain optimal performance with 40% less energy loss, extending battery lifespan to 15+ years. Standardized plug-and-play designs have reduced installation costs from $1,200/kW to $650/kW since 2022. Smart integration features now allow home systems to operate as virtual power plants, increasing homeowner savings by 35% through time-of-use optimization and grid services. Safety innovations including multi-stage protection and thermal management systems have reduced insurance premiums by 25% for solar storage installations. New modular designs enable capacity expansion through simple battery additions at just $600/kWh for incremental storage. These innovations have improved ROI significantly, with residential projects typically achieving payback in 5-8 years depending on local electricity rates and incentive programs. Recent pricing trends show standard home systems (5-10kWh) starting at $8,000 and premium systems (15-20kWh) from $12,000, with financing options available for homeowners.