GLOBALSMARTHOMEENERGYSTORAGE

SOLUTIONSINDUSTRYRESEARCHREPORT

November,2025

?2025Frost&Sullivan.Alltheinformationcontainedherein(includingwithoutlimitationdata,words,chartsandpictures)isthesolepropertyofFrost&Sullivan,treatedashighlyconfidentialdocument,unlessotherwiseexpresslyindicatedthesourcesinthereport.Shouldnoonecopy,reproduce,diffuse,publish,quote,adapt,compilealloranypartofthereportwithoutthewrittenconsentofFrost&Sullivan.Intheeventoftheviolationoftheabovestipulation,Frost&Sullivanreservetherightoflodgingclaimagainsttherelevantpersonsforallthelossesanddamagesincurred.

2

Source:Frost&SullivanAnalysis

GlobalSmartHomeEnergyStorageSolutionsIndustryResearchReport——Definition

Smarthomeenergystoragesolutionsrefertocomprehensivesolutionsthatcoupleenergygenerationandstoragesystemswithintelligentenergymanagementtechnologiestogenerate,store,dispatchand

optimizehomeenergy.

Phone

Energy?Smarthomeenergystoragesolutionsprimarilyencompasshome

Managementsolarsystems,residentialenergystoragesystems,homebackup

powerstationsandportablepowerstations.

HomeControl

Meter

Portable

PowerStation

Grid

HomeSolar

ResidentialEnergyStorageSystem

DC

EVCharging

HomeBackupPowerStation

t

t

System

3

Source:Frost&SullivanAnalysis

GlobalSmartHomeEnergyStorageSolutionsIndustryResearchReport——ValueChainAnalysis

Valuechainofglobalsmarthomeenergystoragesolutionsindustrymainlycomprisesupstreamraw

materialsuppliers,midstreamsmarthomeenergystoragesolutionsproviders,anddownstreamresidentialproperties.

ValueChainofGlobalSmartHomeEnergyStorageSolutionsIndustry

HomeSolarSystem

ResidentialEnergyStorageSystem

PortablePowerStation

HomeBackupPower

Station

UpstreamMidstreamDownstream

SmartHomeEnergyStorageSolutionsProviders

Household

InverterandPowerElectronic

BatteryCell

OtherRawMaterials

SolarPolysiliconandSolarwafer

RawMaterialSuppliers

4

Source:Frost&SullivanAnalysis

GlobalSmartHomeEnergyStorageSolutionsIndustryResearchReport——DevelopmentHistory

Theindustryevolvedfromnicheoff-gridbackuptocommerciallithium-basedself-consumption.Itthenadvancedtogrid-interactiveintelligenceandhasnowmaturedintocomprehensivesmartecosystems,centrallymanagingsolar,energystorage,EVs,andsmarthomeforautonomousenergyoptimization.

2015-2018

2019-2022

Before2015

2023-Present

ExplorationandOff-GridApplication

?Thisearlyphasefocusedonniche,off-gridapplicationsrelyingprimarilyonlead-acidbatterytechnology,wheresystemsweredisjointedassembliesratherthanintegratedconsumerproducts.Theprimaryobjectivewasbasicenergysecurityforareaswithunstableinfrastructure,characterizedbyacompletelackofdigitalmanagementorintelligentdataprocessing,resultinginapassivehardwaremodelthatoperatedinisolationfromthewiderenergygrid.

EconomicSolarSelf-consumption

?Drivenbyplummetinglithium-ioncosts,thisphasemarkedtheindustry'sentryintothemainstreamresidentialmarket,shiftingtheuserfocusfrommerebackuptoeconomicsolarself-consumption.Theemergenceofhybridinvertertechnologyenabledtheseamlessintegrationofgenerationandstoragewithinaunifiedarchitecture,whilebasicenergymanagementsystemsintroducedrudimentarymobilemonitoringandsimplecontrol

strategies,takingthefirststepstowarddigitalizinghomeenergyusage.

DeepGridInteractivity

?Theindustryadvancedintoaperiodofdeepgridinteractivity,characterizedbytheadoptionofsaferbatterychemistriesandtheriseofVirtualPowerPlantcapabilities.Storagesystemsevolvedfromisolatedappliancesintoactivegridassets,utilizingearlymachinelearningalgorithmstopredicthouseholdloadsandrespondtoutilitydispatchsignals,therebyenablinghomeownerstomonetizetheirenergyassetsthroughparticipationinauxiliarygridservices.

ComprehensiveSmartEcosystems

?Currently,theindustryhasreachedastageofholisticecosystemintegration,wherestorageservesasthecentralhubconnectingsolar,electricvehiclesandsmarthome.Thefocushasshiftedtoautonomoussmartdecision-makingandmulti-energycoupling,leveragingbidirectionalchargingandedgecomputingtooptimizereal-timedynamicpricingandcarbondata,creatingafullyself-optimizingandclosed-loopsmartenergy

environment.

5

Source:Frost&SullivanAnalysis

GlobalSmartHomeEnergyStorageSolutionsIndustryResearchReport——SalesRevenueofGlobalSmartHomeEnergyStorageSolutionsIndustry

SalesrevenueofglobalsmarthomeenergystoragesolutionsindustryreachedUSD32.4billionin2024,

andisprojectedtogrowtoUSD104.4billionby2030,withaCAGRof21.5%from2024to2030.

SalesRevenueofGlobalSmartHomeEnergyStorageSolutionsIndustry,2020-2030E

Unit:BillionUSD

SalesRevenue

CAGR

(2020-2024)

CAGR

(2024-2030E)

Unit:%

120

100

80

60

40

20

0

104.4

91.1

GrowthRateGlobal74.5%21.5%SalesRevenue

78.7

66.4

55.1

125.7%

7.9

42.7

112.7%

32.4

39.7%

29.0%

31.8%

20.5%

23.216.8

18.5%

15.8%

3.5

14.6%

38.1%

202020212022202320242025E2026E2027E2028E2029E2030E

360

300

240

180

120

60

0

?Theglobalsmarthomeenergystoragesolutionsindustryhasembarkedonaremarkablegrowthtrajectory,transformingfromanichesegmentintoacriticalcomponentofthemodernresidentialenergyecosystem.Fueledbyescalatinggridinstability,soaringelectricitytariffs,andaglobalpushtowardenergyindependence,thesalesrevenueofglobalsmarthomeenergystoragesolutionsindustrysurgedfromUSD3.5billionin2020toUSD32.4billionin2024,achievingaCAGRof74.5%.Thisrapidexpansionisfurtherunderpinnedbythedecliningcostoflithium-ionbatteriesandfavorablegovernmentincentivespromotingrenewableintegration.Lookingahead,themomentumisprojectedtosustainarobustupwardtrend.By2030,thesalesrevenueofglobalsmarthomeenergystoragesolutionsindustryisanticipatedtoreachUSD104.4billion,drivenbyasteadyCAGRof21.5%from2024to2030.

Note:Salesrevenueofglobalsmarthomeenergystoragesolutionsindustryincludessalesrevenuederivedfromtheproductsinsmarthomeenergystoragesolutions,includinghomesolarsystems,residentialenergystoragesystems,homebackuppowerstationsandportablepowerstations.

GlobalSmartHomeEnergyStorageSolutionsIndustryResearchReport——SalesVolumeofGlobalSmartHomeEnergyStorageSolutionsIndustry

6

Source:Frost&SullivanAnalysis

Salesvolumeofglobalsmarthomeenergystoragesolutionsindustryreached15.7millionin2024,andis

projectedtogrowto44.1millionby2030,withaCAGRof18.8%from2024to2030.

SalesVolumeofGlobalSmartHomeEnergyStorageSolutionsIndustry,2020-2030E

Unit:MillionUnits

SalesVolume

CAGR

(2020-2024)

CAGR

(2024-2030E)

Unit:%

60

40

20

0

Global51.2%18.8%

GrowthRateSalesVolume

44.1

38.1

32.5

27.2

22.7

126.7%

18.3

16.6%

15.7

24.0%

19.8%

19.5%

17.2%

15.7%

10.011.26.8

3.0

47.1%12.0%40.2%

202020212022202320242025E2026E2027E2028E2029E2030E

360

300

240

180

120

60

0

?Theglobalsalesvolumeofsmarthomeenergystoragesolutionsclimbedto15.7millionunitsin2024,withaCAGRof51.2%from2020to2024.Lookingforward,withtheadvancementoftechnologyinhomeenergymanagement,thedemandforsmarthomeenergystoragesolutionsisexpectedtocontinuetogrow.By2030,theglobalsalesvolumeisprojectedtoreach44.1millionunits,growingataCAGRof18.8%from2024to2030.

Note:Salesvolumeofglobalsmarthomeenergystoragesolutionsindustryincludessalesvolumederivedfromtheproductsinsmarthomeenergy

storagesolutions,includinghomesolarsystems,residentialenergystoragesystems,homebackuppowerstationsandportablepowerstations.

7

Source:Frost&SullivanAnalysis

GlobalSmartHomeEnergyStorageSolutionsIndustryResearchReport——SalesRevenueofMajorRegions

EuropeandNorthAmericaaretwokeymarketsofsmarthomeenergystoragesolutionsindustry,

accountingfor38.2%and37.9%intermsofsalesvolumein2024,respectively.

ShareofMajorRegions,inTermsofSalesVolume,2024

Europe

NorthAmerica

RestoftheWorld

23.9%

38.2%

37.9%

?Thesmarthomeenergystoragesolutionsindustryhasseensignificantgrowthinrecentyears,particularlyinregionslikeEuropeandNorthAmerica,whereenergyresilienceiscritical,andthereisstronggovernmentsupportfordecentralizedpowersystems.In2024,Europedominatedtheglobalmarketdemandforsmarthomeenergystoragesolutions,accountingfor38.2%,whilstNorthAmericaisthesecondlargestmarketintheglobalSmartHomeEnergyStorageSolutionsindustry,withashareof37.9%.

8

Source:Frost&SullivanAnalysis

GlobalSmartHomeEnergyStorageSolutionsIndustryResearchReport——PoliciesandRegulations

Mostofthecountriesacceleratingtheintroductionofincentives,drivingtherapidgrowthinsmart

Incentivesof

SmartHomeEnergyStorageSolutions

homeenergystoragesolutionsindustry.

PoliciesandRegulations

IssueYear

Description

Germany

SolarpaketI

2024

?

?

Simplifiedtheregistration,requiringonlyasimplenotificationtothemarketmasterdataregisterwithinonemonthofcommissioning.

Thethresholdforsimplifiedregistrationofbalconypowerplantsisproposedtoincreasefrom600to800watts.

Europe

Union

REPowerEU

2022

?

TheEIBincreaseditsfinancingtargetby50%to€45billion,aimingtomobilizeover€150billioningreeninvestmentsby2027,supportingEurope’snet-zeroemissionsgoalby2050.

Japan

SixthStrategicEnergyPlan

2021

?

?

Increaseenergyself-sufficiencyratefrom25%to30%by2030tostrengthenenergysecurity.

PromotethewidespreadapplicationofstoragebatteriesandelectrolyzersbyreducingcostsanddefiningtheirrolewithinthegridundertheElectricityBusinessAct.

UK

ECO4(EnergyCompany

Obligation)

2022

?

LocalGranttargetlow-incomeandvulnerablehouseholds.Theyofferfundingforrenewableenergysolutions,suchassolarpanels.

By2030,achievea90%reductioninlong-durationstationarystoragecoststo$0.05/kWhandlowerEVbatterycoststo$80/kWh,drivingwidespreadadoptionofenergystoragetechnologies.

USA

EnergyStorageGrand

ChallengeRoadmap(ESGC)

2020

?

9

Source:Frost&SullivanAnalysis

GlobalSmartHomeEnergyStorageSolutionsIndustryResearchReport——KeyMarketDriver(1/2)

Theshiftfromsimple“NetMetering”to“SmartDispatch”policiesistransformingstoragesystemsfrom

passivebackupintoactive,revenue-generatingassets.

Shiftfrom“NetMetering”to“Self-consumption+VPPAncillaryService”

OldModel:NetMeteringNewModel:Self-Consumption+VPPAncillaryService

Time-of-Use(TOU)ArbitrageZone

PeakPeak

NetMetering

Generation

(PVSystem)

PV

TOU

(NetMeteringExport)

Generation

Arbitrage

Self-

↑

Consumption

$

Off-Peak

UserLoad

SimpleBuybackRevenue

MornNoonEven

SmartStorageDispatch

$$$

DiversifiedRevenue

MornNoon

Even

VPPResponseRevenue

LowROI

Payback＞10Years

Storage:ForBackupOnly

HighROI

Payback5-7Years

?Thefundamentaleconomiclogicofhomesolarisundergoingaparadigmshift,servingasaprimarydriverforsmartstorageadoption.Previously,“NetMetering”policiesallowedhomeownerstousethegridasafreebattery.However,regulatoryshifts—exemplifiedbyCalifornia'sNEM3.0andreducedFeed-inTariffs(FiT)inEurope—haveslashedthevalueofexportingexcesssolarpowerbyupto75%.Thiscreatesa“self-consumptionimperative”,wheretheeconomicviabilityofsolarnowdependsentirelyontheabilitytostoreandintelligentlydispatchenergy.Thispolicylandscapehasbirthedtheeraofactiverevenuegeneration.Smartstoragesystemsarenolongerjustcost-savingdevices;theyareinvestmentassets.ByintegratingwithVirtualPowerPlants(VPPs),aggregatedhomebatteriesprovidecriticalgridservices(frequencyregulation,peakshaving)inexchangeforcashpayments.Forinstance,duringextremeheatwaves,smartalgorithmsautomaticallydischargebatterypowertothegridwhenspotpricesarehighest.Thistransitiondrivesdemandforintelligentsolutionscapableofreal-timepricearbitrageandautomatedgridinteraction,effectivelyshorteningthesystem’sReturnonInvestment(ROI)from10+yearstoapproximately5–7yearsdespiterisinginterestrates.

GlobalSmartHomeEnergyStorageSolutionsIndustryResearchReport——KeyMarketDriver(2/2)

10

Source:Frost&SullivanAnalysis

The“ElectrificationofEverything”createsacriticalneedforsmarthomeenergystoragesolutionsto

preventhouseholdloadoverload.

“ElectrificationofEverything”createsacriticalneedforsmarthomeenergystoragesolutions

2020-2024TypicalHouseholdPeakPowerDemandTrends

15kW

ForHouseholdswithElectricVehicles(EVs),electricity

15

consumptionincreasesonaverageby50%-100%.

AddEVCharging

(+7kW)

Power(kW)

10

AddHeatPump

ElectrifiedHousehold

(+4kW)

5

3-5kW

Traditional

Household

0

20202021202220232024

?

The“PeakShaving&ValleyFilling”ofSmartEnergyStorageSolution

RedZone:

DangerousLoad

ExceedingCapacity

TheUrgencyofdemandforahomeenergy

managementhub

increasedby3times.

GreenFill:

Power(kW)

StorageSystemDischargingtoFillGap

MainBreakerCapacityLimit

00:0006:0012:0018:0024:00

Time(oneDay)

Therapidadoptionofhigh-loadelectricappliances,particularlyElectricVehicles(EVs)andheatpumps,isdrivingatechnicalnecessityforsmarthomeenergystoragesolutions.Anelectrifiedhouseholdconsumes2-3timestheenergyofatraditionalhome,withpeakpowerdemandsthatoftenexceedthecapacityofagingresidentialelectricalpanels.Upgradingthisinfrastructureiscostlyandtime-consuming.Smarthomeenergystoragesolutionsactasa“DigitalBuffer”.Theymitigatetheneedforexpensiveservicepanelupgradesbyleveragingsmartalgorithmtobalanceloadsdynamically.Forexample,ifanEVcharger,inductionstove,andheatpumprunsimultaneously,thesmarthomeenergystoragesystemcandischargethebatterytosupporttheloadortemporarilythrottletheEVchargingspeedtopreventtrippingthemainbreaker.Furthermore,asbidirectionalcharging(V2H)becomesstandard,thestoragecontrollerbecomesthecentralbrainorchestratingpowerflowbetweentheroof,thegarage,andthehome.Thisenergyorchestrationcapabilityisbecominganon-negotiablefeatureformodernhomeowners,drivingthemarkettowardhighlyintegrated,software-definedhomeenergystoragesolutions.

11

Source:Frost&SullivanAnalysis

IntelligentEnergyConcierges

?Energymanagementwillmovebeyondpre-programmedlogicandbasicmachinelearningtointelligentenergyconcierges.Insteadofusersmanuallysettingschedulesorinterpretinggraphs,theywillinteractwiththeirhomeenergysystemvianaturallanguage.Theseintelligentenergyconciergeswillautonomouslynegotiatewiththegrid,predictdistinctlifestylepatternsandexecutecomplexarbitragetradesinreal-time.Thesolutionwillnolongerjustbeahardwarebox,butapersonalizeddigitalenergyconciergethatoptimizescomfortandprofitwithoutrequiringuserintervention.

IntelligentEnergyConcierges

GlobalSmartHomeEnergyStorageSolutionsIndustryResearchReport——FutureOpportunities

Intelligentenergyconcierges,energy-as-aservice(EaaS)model,andubiquitousV2Xintegrationwillbethekeyfuturedevelopmenttrendsforglobalsmarthomeenergystoragesolutionsindustry.

FromHardwaretoEnergy-as-a-Service(EaaS)Model

?Ashardwarebecomescommoditizedandmarginsshrink,theindustrybusinessmodelwillshiftfromone-timeequipmentsalestosubscription-basedEnergy-as-a-Service(EaaS).Homeownersmightnotbuyabattery;instead,utilitiesorthird-partyaggregatorswillinstallthesystemforfreeoratalowcostinexchangeforamonthlysubscriptionorashareoftheenergyarbitragerevenue.ThistrendfostersthegrowthoflocalizedcommunitymicrogridsandPeer-to-Peer(P2P)tradingplatforms,wheresoftwareplatformsallowneighborstoautomaticallybuyandsellexcesssolarpowertoeachotherviablockchain-enabledsmartcontracts,bypassingcentralutilitypricing.

HardwaretoEnergy-as-a-ServiceModel

UbiquitousV2XIntegration

?Theboundarybetweenelectricvehicles(EVs)andhomestoragewillcompletelydissolve.FuturesmarthomesolutionswilltreattheEVnotasaloadtobemanaged,butastheprimarybatteryassetofthehousehold(often5–10timeslargerthanastandardwallbattery).TheindustrystandardwillshiftfromsimpleunidirectionalsmartchargingtobidirectionalV2H(Vehicle-to-Home)andV2G(Vehicle-to-Grid)systems.Consequently,homeenergycontrollerswillevolvetomanageamobile-stationaryhybridarchitecture,prioritizingtheEVsbatteryforhomebackupandpeakshavingwhenparked,reducingtheneedforhomeownerstopurchaselarge,standalonestationarybatteries.

UbiquitousV2XIntegration

GlobalSmartHomeEnergyStorageSolutionsIndustryResearchReport——MainParticipants

12

Source:Frost&SullivanAnalysis

EcoFlow,HelloTech,AnkeInnovation,TeslaandHuaweiarethemainparticipantsintheglobalsmarthomeenergystoragesolutionsindustry.

MainParticipants

EcoFlow

Introduction

?Foundedin2017,EcoFlowisaproviderofeco-friendlyenergysolutions,committedtopoweringanewworld.Sinceitsfoundingin2017,EcoFlowhasaimedtoprovideFlexible,Innovative,Reliable,Simple,andThoroughpowersolutionsforindividualsandfamilies,whetherathome,outdoorsoronthego.EcoFlowhasover5millionusersworldwide,productssoldinover140countriesandregions,andownedover1,200patentedtechnologies.

MainProductSeries

HomeSolarBatterySolutionDeltaProUltraPowerInsight

HelloTech

?

Foundedin2011,HelloTechismainlyengagedintheresearch,development,productionandsalesofportablepowerstationandhomeenergystorageproducts.HelloTechwaslistedonChinaGEMinSeptember2022,andhastwomajorbrands,includingJackeryandGeneverse.

JackerySolar

Generator

JackeryWhole-

HomeBackup

NKER

AnkerInnovation

?

Foundedin2011,AnkerInnovationspecializesinthedesign,developmentandsalesofsmartaccessoriesandsmarthardware.AnkerInnovationlaunchedAnkerSOLIX,aconsumer-gradenewenergybrandandtheAnkerSOLIXhomeenergyproductseriesin2023,whichcoversportablepowerstation,balconysolarsystemandresidentialenergystorage.

SmartHome

Power

HomeSolar

BatterySystem

Tesla

?

Fo