Product Code: ETC4520290 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The residential energy storage market in the UK is growing as more homeowners adopt renewable energy solutions like solar power. These storage systems allow excess energy to be stored for later use, promoting energy independence and efficiency. Government incentives and advancements in battery technologies support market growth, although high initial costs and integration with existing energy systems pose challenges.
Driven by the shift towards renewable energy sources, the UK residential energy storage market is growing. Battery storage systems allow households to store surplus solar energy for later use, reducing reliance on the grid and optimizing energy consumption.
In the UK, the residential energy storage market faces challenges from the high costs of energy storage systems and the need for regulatory support to promote adoption. The market also contends with issues related to the integration of storage systems with renewable energy sources and the reliability and efficiency of storage technologies.
In the UK Residential Energy Storage market, government policies prioritize energy security, grid resilience, and consumer empowerment. Regulatory frameworks support the integration of energy storage systems with renewable energy sources to balance supply and demand on the grid. Policies promote incentives for residential energy storage installations, including feed-in tariffs and smart grid technologies. Environmental regulations encourage battery recycling and sustainable manufacturing practices in energy storage solutions. Trade policies facilitate international collaboration on energy storage technologies and standards harmonization, ensuring market competitiveness and innovation in the residential energy sector.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 United Kingdom (UK) Residential Energy Storage Market Overview |
3.1 United Kingdom (UK) Country Macro Economic Indicators |
3.2 United Kingdom (UK) Residential Energy Storage Market Revenues & Volume, 2021 & 2031F |
3.3 United Kingdom (UK) Residential Energy Storage Market - Industry Life Cycle |
3.4 United Kingdom (UK) Residential Energy Storage Market - Porter's Five Forces |
3.5 United Kingdom (UK) Residential Energy Storage Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 United Kingdom (UK) Residential Energy Storage Market Revenues & Volume Share, By Utility, 2021 & 2031F |
3.7 United Kingdom (UK) Residential Energy Storage Market Revenues & Volume Share, By Connectivity Type, 2021 & 2031F |
3.8 United Kingdom (UK) Residential Energy Storage Market Revenues & Volume Share, By Ownership Type, 2021 & 2031F |
3.9 United Kingdom (UK) Residential Energy Storage Market Revenues & Volume Share, By Operation Type, 2021 & 2031F |
4 United Kingdom (UK) Residential Energy Storage Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness and adoption of renewable energy sources |
4.2.2 Government incentives and subsidies for residential energy storage systems |
4.2.3 Rising energy costs driving consumers to seek energy-saving solutions |
4.3 Market Restraints |
4.3.1 High initial costs of installing residential energy storage systems |
4.3.2 Lack of standardized regulations and policies for energy storage in the residential sector |
4.3.3 Limited awareness among consumers about the benefits of energy storage solutions |
5 United Kingdom (UK) Residential Energy Storage Market Trends |
6 United Kingdom (UK) Residential Energy Storage Market, By Types |
6.1 United Kingdom (UK) Residential Energy Storage Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 United Kingdom (UK) Residential Energy Storage Market Revenues & Volume, By Technology, 2021-2031F |
6.1.3 United Kingdom (UK) Residential Energy Storage Market Revenues & Volume, By Lead-Acid, 2021-2031F |
6.1.4 United Kingdom (UK) Residential Energy Storage Market Revenues & Volume, By Lithium-Ion, 2021-2031F |
6.2 United Kingdom (UK) Residential Energy Storage Market, By Utility |
6.2.1 Overview and Analysis |
6.2.2 United Kingdom (UK) Residential Energy Storage Market Revenues & Volume, By 3 kW to <6 kW, 2021-2031F |
6.2.3 United Kingdom (UK) Residential Energy Storage Market Revenues & Volume, By 6 kW to <10 kW, 2021-2031F |
6.2.4 United Kingdom (UK) Residential Energy Storage Market Revenues & Volume, By 10 kW to 29 kW, 2021-2031F |
6.3 United Kingdom (UK) Residential Energy Storage Market, By Connectivity Type |
6.3.1 Overview and Analysis |
6.3.2 United Kingdom (UK) Residential Energy Storage Market Revenues & Volume, By On-Grid, 2021-2031F |
6.3.3 United Kingdom (UK) Residential Energy Storage Market Revenues & Volume, By Off-Grid, 2021-2031F |
6.4 United Kingdom (UK) Residential Energy Storage Market, By Ownership Type |
6.4.1 Overview and Analysis |
6.4.2 United Kingdom (UK) Residential Energy Storage Market Revenues & Volume, By Customer-Owned, 2021-2031F |
6.4.3 United Kingdom (UK) Residential Energy Storage Market Revenues & Volume, By Utility-Owned, 2021-2031F |
6.4.4 United Kingdom (UK) Residential Energy Storage Market Revenues & Volume, By Third-Party Owned, 2021-2031F |
6.5 United Kingdom (UK) Residential Energy Storage Market, By Operation Type |
6.5.1 Overview and Analysis |
6.5.2 United Kingdom (UK) Residential Energy Storage Market Revenues & Volume, By Operation Type, 2021-2031F |
6.5.3 United Kingdom (UK) Residential Energy Storage Market Revenues & Volume, By Operation Type, 2021-2031F |
7 United Kingdom (UK) Residential Energy Storage Market Import-Export Trade Statistics |
7.1 United Kingdom (UK) Residential Energy Storage Market Export to Major Countries |
7.2 United Kingdom (UK) Residential Energy Storage Market Imports from Major Countries |
8 United Kingdom (UK) Residential Energy Storage Market Key Performance Indicators |
8.1 Average cost per kWh of energy storage systems |
8.2 Number of new residential energy storage installations |
8.3 Percentage of households using renewable energy sources for storage |
8.4 Energy consumption reduction rate per household |
8.5 Average payback period for residential energy storage systems |
9 United Kingdom (UK) Residential Energy Storage Market - Opportunity Assessment |
9.1 United Kingdom (UK) Residential Energy Storage Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 United Kingdom (UK) Residential Energy Storage Market Opportunity Assessment, By Utility, 2021 & 2031F |
9.3 United Kingdom (UK) Residential Energy Storage Market Opportunity Assessment, By Connectivity Type, 2021 & 2031F |
9.4 United Kingdom (UK) Residential Energy Storage Market Opportunity Assessment, By Ownership Type, 2021 & 2031F |
9.5 United Kingdom (UK) Residential Energy Storage Market Opportunity Assessment, By Operation Type, 2021 & 2031F |
10 United Kingdom (UK) Residential Energy Storage Market - Competitive Landscape |
10.1 United Kingdom (UK) Residential Energy Storage Market Revenue Share, By Companies, 2024 |
10.2 United Kingdom (UK) Residential Energy Storage Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |