Tokyo utilities put home battery storage in Japan''s power supply
A late 2023 report from BloombergNEF identified Japan as one of the five biggest residential battery storage markets in the world, alongside Germany, the US, Italy and Australia.
A late 2023 report from BloombergNEF identified Japan as one of the five biggest residential battery storage markets in the world, alongside Germany, the US, Italy and Australia.
Horizon Databook provides a detailed overview of country-level data and insights on the Japan residential lithium-ion battery energy storage systems market, including forecasts for
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A late 2023 report from BloombergNEF identified Japan as one of the five biggest residential battery storage markets in the world, alongside Germany, the US, Italy and Australia.
In the commercial space, Japan’s battery storage market was valued at USD 593.2 million in 2023 and is projected to reach USD 4.15 billion by 2030. While commercial installations currently dominate revenues, industrial adoption is expected to scale faster. Utility-scale storage is also gaining ground.
Several megawatt-hours of residential battery storage systems, typically paired with solar PV, are being installed in Japan on a monthly basis. This is largely due to concerns about losing power at home, given the seismic activity the country is frequently subject to, as well as extreme weather events like typhoons.
SHENZHEN, China -- Major solar panel manufacturer Canadian Solar plans to begin Japanese sales of home storage batteries in 2024, tapping into demand for countermeasures against power outages from earthquakes and other natural disasters. Canadian Solar is a global player in solar panels, with an estimated 15% market share in Japan.