More ProductsEU Residential Energy Storage Outlook: 4.5 GWh of New Additions in 2023
In 2022, the growth rate of residential energy storage in Europe was 71%, with an additional installed capacity of 3.9 GWh and a cumulative installed capacity of 9.3 GWh. Germany, Italy, the United Kingdom, and Austria ranked as the top four markets with 1.54 GWh, 1.1 GWh, 0.29 GWh, and 0.22 GWh, respectively.In the mid-term scenario, it is projected that the new deployment of household energy storage in Europe will reach 4.5 GWh in 2023, 5.1 GWh in 2024, 6.0 GWh in 2025, and 7.3 GWh in 2026. Poland, Spain, and Sweden are emerging markets with great potential.By 2026, it is expected that the annual new installed capacity in the European region will reach 7.3 GWh, with a cumulative installed capacity of 32.2 GWh. Under a high-growth scenario, by the end of 2026, the operational scale of household energy storage in Europe could reach 44.4 GWh, while under a low-growth scenario, it would be 23.2 GWh. Germany, Italy, Poland, and Sweden would be the top four countries in both scenarios.Note: The data and analysis in this article are sourced from the "2022-2026 European Residential Energy Storage Market Outlook" published by the European Photovoltaic Industry Association in December 2022.

EU Residential Energy Storage Outlook: 4.5 GWh of New Additions in 2023
Table of Contents
- EU Residential Energy Storage Outlook: 4.5 GWh of New Additions in 2023
- 2022 EU Residential Energy Storage Market Situation
- Residential Energy Storage Market Situation: Italy
- Residential Energy Storage Market Situation: United Kingdom
- Residential Energy Storage Market Situation: Sweden, France and Netherlands
- Huawei Mate XT ULTIMATE DESIGN: The Future of Foldable Smartphones
- Electric Bike Batteries: The 2023 Business Guide
- How Far Can a Golf Cart Range with 65Ah Lithium Battery Go?
- Can You Mix Old And New Batteries In A Golf Cart?
- 2022 EU Residential Energy Storage Market Situation

2022 EU Residential Energy Storage Market Situation
The situation of the European residential energy storage market in 2022: According to the European Photovoltaic Industry Association, in the mid-term scenario, it is estimated that the installed capacity of residential energy storage in Europe will reach 3.9 GWh in 2022, representing a 71% growth compared to the previous year, with a cumulative installed capacity of 9.3 GWh. This growth trend continues from 2020 when the European residential energy storage market reached 1 GWh, followed by 2.3 GWh in 2021, a 107% year-on-year increase. In 2022, more than one million residential in Europe installed photovoltaic and energy storage systems.The growth of distributed photovoltaic installations forms the basis for the growth of the household energy storage market. Statistics show that the average matching rate between residential energy storage systems and distributed photovoltaic systems in Europe increased from 23% in 2020 to 27% in 2021.The rising residential electricity prices have been a major factor driving the increase in residential energy storage installations. The energy crisis resulting from the Russia-Ukraine conflict has further pushed up electricity prices in Europe, raising concerns about energy security, which has promoted the development of the European residential energy storage market.If it weren't for battery bottlenecks and shortages of installers, which limited the possibility of meeting customer demand and caused delays in product installations for several months, the market growth could have been even greater.In 2020, residential energy storage systems just emerged on Europe's energy map, with two milestones: the first-time installation of more than 1 GWh of capacity in a single year and the installation of over 100,000 household energy storage systems in a single region.