- What is the size of the residential DER marketplace overall and for specific technologies?
- What are the primary reasons why homeowners acquire DER and what are their high-level buying patterns?
- Will renewable power from residential DER replace gensets as a backup power source during a grid outage in the coming decade?
- What are the obstacles to residential DER adoption and what can market stakeholders do to address these in the short and long term?
3Q 2022
Residential Distributed Energy Resources
Solar Panels, Home Standby Gensets, and Wind Turbines for Residential Applications: Global Capacity and Revenue Forecasts
The simplest and most common approach homeowners take to their energy supply is to depend on the local grid and hope it is reliable, but increasingly homeowners are adding residential distributed energy resources (DER) to their homes. In most cases, they intend to supplement power from the grid, but some are also seeking to reduce or eliminate any reliance on grid power. Two primary reasons for installing DER are to minimize the inconvenience and damage from power outages and to generate renewable power from sunlight and wind that would otherwise be untapped.
The buying process for acquiring and installing DER technologies is complicated for most homeowners. Several critical variables are unique to each home and homeowners must decide among numerous options without full information on how they will impact the price. This slows faster adoption. Other factors influencing the buying decision are local regulations and regional tariffs.
This Guidehouse Insights report examines the adoption of residential DER including solar panels, home standby generators, and residential wind turbines. Guidehouse Insights forecasts that the residential DER market will grow at a compound annual growth rate (CAGR) of 6.1% from $40.5 billion in 2022 to $68.8 billion by 2031. The forecast growth for solar panels is the fastest growing technology, showing a 7.0% CAGR. The growth rate for fossil fuel gensets is small but will likely continue to remain a significant percentage of capacity. Wind turbines for residences will likely grow but remain a small percentage of overall DER capacity.
Pages
33
Tables | Charts | Figures
57
Key Questions Addressed
Who Needs This Report
- Solar panel manufacturers
- Genset manufacturers
- Residential wiring manufacturers
- Battery-based RESS manufacturers
- EV manufacturers
- Residential EV charging manufacturers.
- Home automation system manufacturers
- Home energy report manufactures
- Utilities
- Electrical contractors
Table Of Contents
1. Executive Summary
1.1 Key Market Trends
1.2 Market Outlook
2. Market Issues
2.1 Market Overview
2.1.1 Residential DER Use Cases
2.1.2 Residential DER Technology Overview
2.1.2.1 Fossil Fuel Powered Gensets
2.1.2.2 Renewable DER
2.1.2.3 Home Load Center Options
2.1.2.4 Ancillary Equipment
2.1.2.5 RESS
2.2 Market Drivers
2.3 Market Barriers
3. Market Forecasts
3.1 Introduction and Methodology
3.2 Global Forecasts
3.2.1 Residential Energy Generation Forecasts by Geography
3.2.2 Residential Solar Power
3.2.3 Fossil Fuel Gensets
3.2.4 Wind DER
4. Conclusions and Recommendations
5. Acronym and Abbreviation List
6. Table of Contents
7. Table of Charts and Figures
8. Scope of Study
9. Sources, Methodology and Notes
List of Charts and Figures
- Residential Energy Generation Annual Power Capacity Deployments by Technology, World Markets: 2022-2031
- Residential Energy Generation Cumulative Power Capacity Deployments by Technology, World Markets: 2022-2031
- Residential Energy Generation Annual Vendor Revenue by Technology, World Markets: 2022-2031
- Residential Energy Generation Annual Power Capacity Deployments by Region, World Markets: 2022-2031
- Solar Annual Power Capacity Deployments by Region, World Markets: 2022-2031
- Residential Solar Cumulative Power Capacity Deployments by Region, World Markets: 2022-2031
- Residential Solar Annual Vendor Revenue by Region, World Markets: 2022-2031
- Fossil Fuel-Powered Gensets Annual Power Capacity Deployments by Region, World Markets: 2022-2031
- Fossil Fuel-Powered Gensets Annual Vendor Revenue by Region, World Markets: 2022-2031
- Wind Annual Power Capacity Deployments by Region, World Markets: 2022-2031
- Residential Energy Generation Annual Vendor Revenue by Technology,World Markets: 2022-2031
- Solar Annual Power Capacity Deployments by Region,World Markets: 2022‑2031
- Residential Solar Cumulative Power Capacity Deployments by Region,World Markets: 2022-2031
- Residential Solar Annual Vendor Revenue by Region,World Markets: 2022‑2031
- Fossil Fuel-Powered Genset Annual Vendor Revenue by Region,World Markets: 2022-2031
- Fossil Fuel-Powered Genset Annual Power Capacity Deployments by Region, World Markets: 2022-2031
- Wind Annual Power Capacity Deployments by Region,World Markets: 2022‑2031
- Examples of Residential Genset Categories
List of Tables
- Residential Energy Generation Annual Power Capacity Deployments by Technology, World Markets: 2022-2031
- Residential Energy Generation Annual Power Capacity Deployments by Technology, North America: 2022-2031
- Residential Energy Generation Annual Power Capacity Deployments by Technology, Europe: 2022-2031
- Residential Energy Generation Annual Power Capacity Deployments by Technology, Asia Pacific: 2022-2031
- Residential Energy Generation Annual Power Capacity Deployments by Technology, Latin America: 2022-2031
- Residential Energy Generation Annual Power Capacity Deployments by Technology, Middle East & Africa: 2022-2031
- Residential Energy Generation Cumulative Power Capacity Deployments by Technology, World Markets: 2022-2031
- Residential Energy Generation Cumulative Power Capacity Deployments by Technology, North America: 2022-2031
- Residential Energy Generation Cumulative Power Capacity Deployments by Technology, Europe: 2022-2031
- Residential Energy Generation Cumulative Power Capacity Deployments by Technology, Asia Pacific: 2022-2031
- Residential Energy Generation Cumulative Power Capacity Deployments by Technology, Latin America: 2022-2031
- Residential Energy Generation Cumulative Power Capacity Deployments by Technology, Middle East & Africa: 2022-2031
- Residential Energy Generation Annual Vendor Revenue by Technology, World Markets: 2022-2031
- Residential Energy Generation Annual Vendor Revenue by Technology, North America: 2022-2031
- Residential Energy Generation Annual Vendor Revenue by Technology, Europe: 2022-2031
- Residential Energy Generation Annual Vendor Revenue by Technology, Asia Pacific: 2022-2031
- Residential Energy Generation Annual Vendor Revenue by Technology, Latin America: 2022-2031
- Residential Energy Generation Annual Vendor Revenue by Technology, Middle East & Africa: 2022-2031
- Residential Energy Generation Annual Power Capacity Deployments by Region, World Markets: 2022-2031
- Residential Energy Generation Cumulative Power Capacity Deployments by Region, World Markets: 2022-2031
- Residential Energy Generation Annual Vendor Revenue by Region, World Markets: 2022-2031
- Solar Annual Power Capacity Deployments by Region, World Markets: 2022-2031
- Solar Cumulative Power Capacity Deployments by Region, World Markets: 2022-2031
- Solar Annual Vendor Revenue by Region, World Markets: 2022-2031
- Solar Annual Energy Capacity Deployments by Region, World Markets: 2022-2031
- Diesel Genset Annual Power Capacity Deployments by Region, World Markets: 2022-2031
- Diesel Genset Cumulative Power Capacity Deployments by Region, World Markets: 2022-2031
- Diesel Genset Annual Vendor Revenue by Region, World Markets: 2022-2031
- Natural Gas Genset Annual Power Capacity Deployments by Region, World Markets: 2022-2031
- Natural Gas Genset Cumulative Power Capacity Deployments by Region, World Markets: 2022-2031
- Natural Gas Genset Annual Vendor Revenue by Region, World Markets: 2022-2031
- Fossil Fuel-Powered Gensets Annual Power Capacity Deployments by Region, World Markets: 2022-2031
- Fossil Fuel-Powered Gensets Cumulative Power Capacity Deployments by Region, World Markets: 2022-2031
- Fossil Fuel-Powered Gensets Annual Vendor Revenue by Region, World Markets: 2022-2031
- Wind Annual Power Capacity Deployments by Region, World Markets: 2022-2031
- Wind Cumulative Power Capacity Deployments by Region, World Markets: 2022-2031
- Wind Annual Vendor Revenue by Region, World Markets: 2022-2031
- Residential Energy Generation User Scenarios
- Residential DER Equipment Options
Choose a License Type
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