UAE Residential Lithium-ion Battery Energy Storage Systems Market Size & Outlook
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UAE residential lithium-ion battery energy storage systems market highlights
- The UAE residential lithium-ion battery energy storage systems market generated a revenue of USD 52.4 million in 2022 and is expected to reach USD 312.6 million by 2030.
- The UAE market is expected to grow at a CAGR of 25.2% from 2023 to 2030.
- In terms of segment, 3 kw to 5 kw was the largest revenue generating power rating in 2022.
- Less than 3kW is the most lucrative power rating segment registering the fastest growth during the forecast period.
Residential lithium-ion battery energy storage systems market data book summary
| Market revenue in 2022 | USD 52.4 million |
| Market revenue in 2030 | USD 312.6 million |
| Growth rate | 25.2% (CAGR from 2023 to 2030) |
| Largest segment | 3 kw to 5 kw |
| Fastest growing segment | Less than 3kW |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Less than 3kW, 3 kW to 5 kW |
| Key market players worldwide | Enphase Energy Inc, Panasonic Holdings Corp, Tesla Inc, Hitachi Ltd, Pylon Technologies, LG Chem, Haikai, E3/DC, Sonnen, GoodWe |
Other key industry trends
- In terms of revenue, UAE accounted for 1.1% of the global residential lithium-ion battery energy storage systems market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, UAE residential lithium-ion battery energy storage systems market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 202.6 million by 2030.
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Residential Lithium-ion Battery Energy Storage Systems Market Scope
Residential Lithium-ion Battery Energy Storage Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| GoodWe | View profile | 501-1000 | Suzhou, Jiangsu, China, Asia | https://www.goodwe.com/ |
| Sonnen | View profile | 501-1000 | Wildpoldsried, Bayern, Germany, Europe | https://sonnen.de |
| E3/DC | View profile | 11-50 | Osnabrück, Niedersachsen, Germany, Europe | https://www.e3dc.com |
| Haikai | View profile | 51-100 | Xiamen, Fujian, China, Asia | https://www.haikai-energy.com |
| LG Chem | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.lgchem.com |
| Pylon Technologies | View profile | 501-1000 | Zhangjiang, Shanghai, China, Asia | http://www.pylontech.com.cn |
| Tesla Inc | View profile | 140473 | 1 Tesla Road, Austin, TX, United States, 78725 | https://www.tesla.com |
| Enphase Energy Inc | View profile | 3157 | 47281 Bayside Parkway, Fremont, CA, United States, 94538 | https://www.enphase.com |
| Panasonic Holdings Corp | View profile | 230025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | https://holdings.panasonic |
| Hitachi Ltd | View profile | 322525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | http://www.hitachi.com |
UAE residential lithium-ion battery energy storage systems market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to residential lithium-ion battery energy storage systems market will help companies and investors design strategic landscapes.
3 kw to 5 kw was the largest segment with a revenue share of 72.71% in 2022. Horizon Databook has segmented the UAE residential lithium-ion battery energy storage systems market based on less than 3kw, 3 kw to 5 kw covering the revenue growth of each sub-segment from 2018 to 2030.
The United Arab Emirates (UAE) is a rapidly growing economy with a significant demand for energy, driven by a growing population, a thriving tourism sector, and a growing industrial base. The country has also set ambitious renewable energy targets, aiming to generate 50% of its electricity from renewable sources by 2050.
The residential lithium-ion battery energy storage system (BESS) market in the UAE is expected to grow significantly over the next few years, driven by increasing demand for energy security and sustainability.
One of the key drivers of the residential BESS market in the UAE is the high electricity prices. The country has one of the highest electricity prices in the world, and many households are turning to renewable energy sources, such as solar PV systems, to offset their energy bills.
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Target buyers of UAE residential lithium-ion battery energy storage systems market databook
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Our clientele includes a mix of residential lithium-ion battery energy storage systems market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the UAE residential lithium-ion battery energy storage systems market , including forecasts for subscribers. This country databook contains high-level insights into UAE residential lithium-ion battery energy storage systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE residential lithium-ion battery energy storage systems market size, by power rating, 2018-2030 (US$M)
UAE Residential Lithium-ion Battery Energy Storage Systems Market Outlook Share, 2022 & 2030 (US$M)
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