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North America Battery Energy Storage System Market

Published Mar 01, 2025
Length 350 Pages
SKU # DAABD20401987

Description

North America battery energy storage system market is expected to reach USD 144.59 billion by 2032 from USD 40.95 billion in 2024, growing with a substantial CAGR of 17.18% in the forecast period of 2025 to 2032.

Market Segmentation:

North America Battery Energy Storage System Market, By Element (Battery and Hardware), Connection Type (On-Grid (Grid-Tied) Systems and Off-Grid (Standalone) Systems), Ownership (Customer-Owned, Utility-Owned, and Third-Party Owned), Energy Capacity (Above 500 MWh, Between 100 and 500 MWh, and Below 100 MWh), Application (Residential, Non-Residential, Utilities, Military & Defense, Remote & Off-Grid Areas, and Others), Countries (U.S., Canada, and Mexico) - Industry Trends and Forecast To 2032

Overview of North America Battery Energy Storage System Market Dynamics:

Driver
• Growing demand for grid stability and energy resilience

Restraint
• High initial investment and installation costs

Opportunity
• Advancements and innovations in battery technologies

Market Players:

The key market players operating in the North America battery energy storage system market are listed below:
• BYD COMPANY LTD
• LG Energy Solution
• ABB
• Bosch Limited
• The AES Corporation
• Wärtsilä
• Schneider Electric
• SMA Solar Technology AG
• Freudenberg Group
• Eos Energy Enterprises
• ATX Networks Corp.
• Beacon Power, LLC

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Table of Contents

350 Pages
1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Overview
1.4 Limitations
1.5 Markets Covered
2 Market Segmentation
2.1 Markets Covered
2.2 Geographical Scope
2.3 Years Considered For The Study
2.4 Currency And Pricing
2.5 Dbmr Tripod Data Validation Model
2.6 Multivariate Modeling
2.7 Primary Interviews With Key Opinion Leaders
2.8 Dbmr Market Position Grid
2.9 Dbmr Vendor Share Analysis
2.10 Market Application Coverage Grid
2.11 Secondary Sources
2.12 Assumptions
3 Executive Summary
4 Premium Insights
4.1 Pestel Analysis
4.1.1 Political Factors
4.1.2 Economic Factors
4.1.3 Social Factors
4.1.4 Technological Factors
4.1.5 Environmental Factors
4.1.6 Legal Factors
4.2 Porter’s Five Forces Analysis
4.2.1 Threat Of New Entrants
4.2.2 Bargaining Power Of Suppliers
4.2.3 Bargaining Power Of Buyers
4.2.4 Threat Of Substitutes
4.2.5 Internal Competition
4.3 Supply Chain Analysis
4.3.1 Overview
4.3.2 Logistic Cost Scenario
4.3.3 Importance Of Logistics Service Providers
4.4 Technological Advancements By Manufacturers
4.4.1 Advances In Battery Chemistry And Design
4.4.2 Advances In Battery Management Systems (Bms)
4.4.3 Energy Density Improvements
4.4.4 Advancements In Battery Recycling And Repurposing Technologies
4.4.5 Integration With Renewable Energy Systems
4.4.6 Ultra-fast Charging Technologies
4.4.7 Grid-scale Energy Storage Solutions
5 Market Overview
5.1 Drivers
5.1.1 Rising Renewable Energy Integration And Adoption
5.1.2 Growing Demand For Grid Stability And Energy Resilience
5.1.3 Declining Battery Costs And Improved Efficiency
5.1.4 Electrification Of Transportation And Ev Charging Infrastructure
5.2 Restraints
5.2.1 High Initial Investment And Installation Costs
5.2.2 Limited Battery Lifespan And Degradation Issues
5.3 Opportunities
5.3.1 Advancements And Innovations In Battery Technologies
5.3.2 Rising Investments In Large-scale Utility Storage
5.3.3 Development Of Second-life Battery Market
5.4 Challenges
5.4.1 Environmental Sustainability Concerns Regarding Battery Recycling And Disposal
5.4.2 Supply Chain Disruptions And Raw Material Shortage
6 North America Battery Energy Storage System Market, By Element
6.1 Overview
6.2 Battery
6.3 Hardware
7 North America Battery Energy Storage System Market, By Connection Type
7.1 Overview
7.2 On-grid (Grid-tied) Systems
7.3 Off-grid (Standalone) Systems
8 North America Battery Energy Storage System Market, By Ownership
8.1 Overview
8.2 Customer-owned
8.3 Third-party Owned
8.4 Utility-owned
9 North America Battery Energy Storage System Market, By Energy Capacity
9.1 Overview
9.2 Above 500 Mwh
9.3 Between 100 And 500 Mwh
9.4 Below 100 Mwh
10 North America Battery Energy Storage System Market, By Application
10.1 Overview
10.2 Residential
10.3 Non-residential
10.4 Utilities
10.5 Military & Defense
10.6 Remote & Off-grid Areas
10.7 Others
11 North America Battery Energy Storage System Market, By Geography
11.1 North America
11.1.1 U.S.
11.1.2 Canada
11.1.3 Mexico
12 North America Battery Energy Storage System Market: Company Landscape
12.1 Company Share Analysis: North America
13 Swot Analysis
14 Company Profile
14.1 Byd Company Ltd
14.1.1 Company Snapshot
14.1.2 Company Share Analysis
14.1.3 Product Portfolio
14.1.4 Recent Development
14.2 Lg Energy Solution
14.2.1 Company Snapshot
14.2.2 Revenue Analysis
14.2.3 Company Share Analysis
14.2.4 Product Portfolio
14.2.5 Recent Development
14.3 Abb
14.3.1 Company Snapshot
14.3.2 Revenue Analysis
14.3.3 Company Share Analysis
14.3.4 Product Portfolio
14.3.5 Recent News
14.4 Bosch Limited
14.4.1 Company Snapshot
14.4.2 Revenue Analysis
14.4.3 Company Share Analysis
14.4.4 Product Portfolio
14.4.5 Recent Development
14.5 The Aes Corporation
14.5.1 Company Snapshot
14.5.2 Revenue Analysis
14.5.3 Company Share Analysis
14.5.4 Product Portfolio
14.5.5 Recent Development
14.6 Atx Networks Corp.
14.6.1 Company Snapshot
14.6.2 Product Portfolio
14.6.3 Recent Development
14.7 Beacon Power, Llc
14.7.1 Company Snapshot
14.7.2 Product Portfolio
14.7.3 Recent Development
14.8 Eos Energy Enterprises
14.8.1 Company Snapshot
14.8.2 Revenue Analysis
14.8.3 Product Portfolio
14.8.4 Recent Development
14.9 Freudenberg Group
14.9.1 Company Snapshot
14.9.2 Product Portfolio
14.9.3 Recent Development
14.10 Schneider Electric
14.10.1 Company Snapshot
14.10.2 Revenue Analysis
14.10.3 Product Portfolio
14.10.4 Recent Development
14.11 Sma Solar Technology Ag
14.11.1 Company Snapshot
14.11.2 Revenue Analysis
14.11.3 Product Portfolio
14.11.4 Recent Development
14.12 Wärtsilä
14.12.1 Company Snapshot
14.12.2 Revenue Analysis
14.12.3 Product Portfolio
14.12.4 Recent Development
15 Questionnaire
16 Related Reports
List Of Tables
Table 1 North America Battery Energy Storage System Market, By Element, 2018-2032 (Usd Thousand)
Table 2 North America Battery Energy Storage System Market, By Element, 2018-2032 (Thousand Units)
Table 3 North America Battery Energy Storage System Market, By Element, 2018-2032 (Usd/Unit)
Table 4 North America Battery In Battery Energy Storage System Market, By Region, 2018-2032, (Usd Thousand)
Table 5 North America Battery In Battery Energy Storage System Market, By Region, 2018-2032, (Thousand Units)
Table 6 North America Battery In Battery Energy Storage System Market, By Element, 2018-2032 (Usd Thousand)
Table 7 North America Battery In Battery Energy Storage System Market, By Element, 2018-2032 (Thousand Units)
Table 8 North America Battery In Battery Energy Storage System Market, By Element, 2018-2032 (Usd/Units)
Table 9 North America Hardware In Battery Energy Storage System Market, By Region, 2018-2032, (Usd Thousand)
Table 10 North America Hardware In Battery Energy Storage System Market, By Region, 2018-2032, (Thousand Units)
Table 11 North America Battery Energy Storage System Market, By Connection Type, 2018-2032 (Usd Thousand)
Table 12 North America Battery Energy Storage System Market, By Connection Type, 2018-2032 (Thousand Units)
Table 13 North America Battery Energy Storage System Market: By Element, 2018-2032 (Usd/Unit)
Table 14 North America On-grid (Grid-tied) Systems In Battery Energy Storage System Market, By Region, 2018-2032, (Usd Thousand)
Table 15 North America On-grid (Grid-tied) Systems In Battery Energy Storage System Market, By Region, 2018-2032, (Thousand Units)
Table 16 North America Off-grid (Standalone) Systems In Battery Energy Storage System Market, By Region, 2018-2032, (Usd Thousand)
Table 17 North America Off-grid (Standalone) Systems In Battery Energy Storage System Market, By Region, 2018-2032, (Thousand Units)
Table 18 North America Battery Energy Storage System Market: By Ownership, 2018-2032 (Usd Thousand)
Table 19 North America Battery Energy Storage System Market: By Ownership, 2018-2032 (Thousand Units)
Table 20 North America Battery Energy Storage System Market: By Ownership, 2018-2032 (Usd/Unit)
Table 21 North America Customer-owned In Battery Energy Storage System Market, By Region, 2018-2032, (Usd Thousand)
Table 22 North America Customer-owned In Battery Energy Storage System Market, By Region, 2018-2032, (Thousand Units)
Table 23 North America Third-party Owned In Battery Energy Storage System Market, By Region, 2018-2032, (Usd Thousand)
Table 24 North America Third-party Owned In Battery Energy Storage System Market, By Region, 2018-2032, (Thousand Units)
Table 25 North America Utility-owned In Battery Energy Storage System Market, By Region, 2018-2032, (Usd Thousand)
Table 26 North America Utility-owned In Battery Energy Storage System Market, By Region, 2018-2032, (Thousand Units)
Table 27 North America Battery Energy Storage System Market: By Energy Capacity, 2018-2032 (Usd Thousand)
Table 28 North America Battery Energy Storage System Market: By Energy Capacity, 2018-2032 (Thousand Units)
Table 29 North America Battery Energy Storage System Market: By Energy Capacity, 2018-2032 (Usd/Unit)
Table 30 North America Above 500 Mwh In Battery Energy Storage System Market, By Region, 2018-2032, (Usd Thousand)
Table 31 North America Above 500 Mwh In Battery Energy Storage System Market, By Region, 2018-2032, (Thousand Units)
Table 32 North America Between 100 And 500 Mwh In Battery Energy Storage System Market, By Region, 2018-2032, (Usd Thousand)
Table 33 North America Between 100 And 500 Mwh In Battery Energy Storage System Market, By Region, 2018-2032, (Thousand Units)
Table 34 North America Below 100 Mwh In Battery Energy Storage System Market, By Region, 2018-2032, (Usd Thousand)
Table 35 North America Below 100 Mwh In Battery Energy Storage System Market, By Region, 2018-2032, (Thousand Units)
Table 36 North America Battery Energy Storage System Market: By Application, 2018-2032 (Usd Thousand)
Table 37 North America Battery Energy Storage System Market: By Application, 2018-2032 (Thousand Units)
Table 38 North America Battery Energy Storage System Market: By Application, 2018-2032 (Usd/Unit)
Table 39 North America Residential In Battery Energy Storage System Market, By Region, 2018-2032, (Usd Thousand)
Table 40 North America Residential In Battery Energy Storage System Market, By Region, 2018-2032, (Thousand Units)
Table 41 North America Non-residential In Battery Energy Storage System Market, By Region, 2018-2032, (Usd Thousand)
Table 42 North America Non-residential In Battery Energy Storage System Market, By Region, 2018-2032, (Thousand Units)
Table 43 North America Utilities In Battery Energy Storage System Market, By Region, 2018-2032, (Usd Thousand)
Table 44 North America Utilities In Battery Energy Storage System Market, By Region, 2018-2032, (Thousand Units)
Table 45 North America Military & Defense In Battery Energy Storage System Market, By Region, 2018-2032, (Usd Thousand)
Table 46 North America Military & Defense In Battery Energy Storage System Market, By Region, 2018-2032, (Thousand Units)
Table 47 North America Remote & Off-grid Areas In Battery Energy Storage System Market, By Region, 2018-2032, (Usd Thousand)
Table 48 North America Remote & Off-grid Areas In Battery Energy Storage System Market, By Region, 2018-2032, (Thousand Units)
Table 49 North America Others Areas In Battery Energy Storage System Market, By Region, 2018-2032, (Usd Thousand)
Table 50 North America Others Areas In Battery Energy Storage System Market, By Region, 2018-2032, (Thousand Units)
Table 51 North America Battery Energy Storage System Market, By Country, 2018-2032 (Usd Thousand)
Table 52 North America Battery Energy Storage System Market, By Country, 2018-2032 (Thousand Units)
Table 53 North America Battery Energy Storage System Market, By Country, 2018-2032 (Usd/ Unit)
Table 54 North America Battery Energy Storage System Market, By Element, 2018-2032 (Usd Thousand)
Table 55 North America Battery Energy Storage System Market, By Element, 2018-2032 (Thousand Units)
Table 56 North America Battery Energy Storage System Market, By Element, 2018-2032 (Usd/ Unit)
Table 57 North America Battery In Battery Energy Storage System Market, By Element, 2018-2032 (Usd Thousand)
Table 58 North America Battery In Battery Energy Storage System Market, By Element, 2018-2032 (Thousand Units)
Table 59 North America Battery In Battery Energy Storage System Market, By Element, 2018-2032 (Usd/ Unit)
Table 60 North America Battery Energy Storage System Market, By Connection Type, 2018-2032 (Usd Thousand)
Table 61 North America Battery Energy Storage System Market, By Connection Type, 2018-2032 (Thousand Units)
Table 62 North America Battery Energy Storage System Market, By Connection Type, 2018-2032 (Usd/ Unit)
Table 63 North America Battery Energy Storage System Market, By Ownership, 2018-2032 (Usd Thousand)
Table 64 North America Battery Energy Storage System Market, By Ownership, 2018-2032 (Thousand Units)
Table 65 North America Battery Energy Storage System Market, By Ownership, 2018-2032 (Usd/ Unit)
Table 66 North America Battery Energy Storage System Market, By Energy Capacity, 2018-2032 (Usd Thousand)
Table 67 North America Battery Energy Storage System Market, By Energy Capacity, 2018-2032 (Thousand Units)
Table 68 North America Battery Energy Storage System Market, By Energy Capacity, 2018-2032 (Usd/ Unit)
Table 69 North America Battery Energy Storage System Market, By Application, 2018-2032 (Usd Thousand)
Table 70 North America Battery Energy Storage System Market, By Application, 2018-2032 (Thousand Units)
Table 71 North America Battery Energy Storage System Market, By Application, 2018-2032 (Usd/ Unit)
Table 72 U.S. Battery Energy Storage System Market, By Element, 2018-2032 (Usd Thousand)
Table 73 U.S. Battery Energy Storage System Market, By Element, 2018-2032 (Thousand Units)
Table 74 U.S. Battery Energy Storage System Market, By Element, 2018-2032 (Usd/ Unit)
Table 75 U.S. Battery In Battery Energy Storage System Market, By Element, 2018-2032 (Usd Thousand)
Table 76 U.S. Battery In Battery Energy Storage System Market, By Element, 2018-2032 (Thousand Units)
Table 77 U.S. Battery In Battery Energy Storage System Market, By Element, 2018-2032 (Usd/ Unit)
Table 78 U.S. Battery Energy Storage System Market, By Connection Type, 2018-2032 (Usd Thousand)
Table 79 U.S. Battery Energy Storage System Market, By Connection Type, 2018-2032 (Thousand Units)
Table 80 U.S. Battery Energy Storage System Market, By Connection Type, 2018-2032 (Usd/ Unit)
Table 81 U.S. Battery Energy Storage System Market, By Ownership, 2018-2032 (Usd Thousand)
Table 82 U.S. Battery Energy Storage System Market, By Ownership, 2018-2032 (Thousand Units)
Table 83 U.S. Battery Energy Storage System Market, By Ownership, 2018-2032 (Usd/ Unit)
Table 84 U.S. Battery Energy Storage System Market, By Energy Capacity, 2018-2032 (Usd Thousand)
Table 85 U.S. Battery Energy Storage System Market, By Energy Capacity, 2018-2032 (Thousand Units)
Table 86 U.S. Battery Energy Storage System Market, By Energy Capacity, 2018-2032 (Usd/ Unit)
Table 87 U.S. Battery Energy Storage System Market, By Application, 2018-2032 (Usd Thousand)
Table 88 U.S. Battery Energy Storage System Market, By Application, 2018-2032 (Thousand Units)
Table 89 U.S. Battery Energy Storage System Market, By Application, 2018-2032 (Usd/ Unit)
Table 90 Canada Battery Energy Storage System Market, By Element, 2018-2032 (Usd Thousand)
Table 91 Canada Battery Energy Storage System Market, By Element, 2018-2032 (Thousand Units)
Table 92 Canada Battery Energy Storage System Market, By Element, 2018-2032 (Usd/ Unit)
Table 93 Canada Battery In Battery Energy Storage System Market, By Element, 2018-2032 (Usd Thousand)
Table 94 Canada Battery In Battery Energy Storage System Market, By Element, 2018-2032 (Thousand Units)
Table 95 Canada Battery In Battery Energy Storage System Market, By Element, 2018-2032 (Usd/ Unit)
Table 96 Canada Battery Energy Storage System Market, By Connection Type, 2018-2032 (Usd Thousand)
Table 97 Canada Battery Energy Storage System Market, By Connection Type, 2018-2032 (Thousand Units)
Table 98 Canada Battery Energy Storage System Market, By Connection Type, 2018-2032 (Usd/ Unit)
Table 99 Canada Battery Energy Storage System Market, By Ownership, 2018-2032 (Usd Thousand)
Table 100 Canada Battery Energy Storage System Market, By Ownership, 2018-2032 (Thousand Units)
Table 101 Canada Battery Energy Storage System Market, By Ownership, 2018-2032 (Usd/ Unit)
Table 102 Canada Battery Energy Storage System Market, By Energy Capacity, 2018-2032 (Usd Thousand)
Table 103 Canada Battery Energy Storage System Market, By Energy Capacity, 2018-2032 (Thousand Units)
Table 104 Canada Battery Energy Storage System Market, By Energy Capacity, 2018-2032 (Usd/ Unit)
Table 105 Canada Battery Energy Storage System Market, By Application, 2018-2032 (Usd Thousand)
Table 106 Canada Battery Energy Storage System Market, By Application, 2018-2032 (Thousand Units)
Table 107 Canada Battery Energy Storage System Market, By Application, 2018-2032 (Usd/ Unit)
Table 108 Mexico Battery Energy Storage System Market, By Element, 2018-2032 (Usd Thousand)
Table 109 Mexico Battery Energy Storage System Market, By Element, 2018-2032 (Thousand Units)
Table 110 Mexico Battery Energy Storage System Market, By Element, 2018-2032 (Usd/ Unit)
Table 111 Mexico Battery In Battery Energy Storage System Market, By Element, 2018-2032 (Usd Thousand)
Table 112 Mexico Battery In Battery Energy Storage System Market, By Element, 2018-2032 (Thousand Units)
Table 113 Mexico Battery In Battery Energy Storage System Market, By Element, 2018-2032 (Usd/ Unit)
Table 114 Mexico Battery Energy Storage System Market, By Connection Type, 2018-2032 (Usd Thousand)
Table 115 Mexico Battery Energy Storage System Market, By Connection Type, 2018-2032 (Thousand Units)
Table 116 Mexico Battery Energy Storage System Market, By Connection Type, 2018-2032 (Usd/ Unit)
Table 117 Mexico Battery Energy Storage System Market, By Ownership, 2018-2032 (Usd Thousand)
Table 118 Mexico Battery Energy Storage System Market, By Ownership, 2018-2032 (Thousand Units)
Table 119 Mexico Battery Energy Storage System Market, By Ownership, 2018-2032 (Usd/ Unit)
Table 120 Mexico Battery Energy Storage System Market, By Energy Capacity, 2018-2032 (Usd Thousand)
Table 121 Mexico Battery Energy Storage System Market, By Energy Capacity, 2018-2032 (Thousand Units)
Table 122 Mexico Battery Energy Storage System Market, By Energy Capacity, 2018-2032 (Usd/ Unit)
Table 123 Mexico Battery Energy Storage System Market, By Application, 2018-2032 (Usd Thousand)
Table 124 Mexico Battery Energy Storage System Market, By Application, 2018-2032 (Thousand Units)
Table 125 Mexico Battery Energy Storage System Market, By Application, 2018-2032 (Usd/ Unit)
List Of Figures
Figure 1 North America Battery Energy Storage System Market
Figure 2 North America Battery Energy Storage System Market: Data Triangulation
Figure 3 North America Battery Energy Storage System Market: Droc Analysis
Figure 4 North America Battery Energy Storage System Market: Regional Market Analysis
Figure 5 North America Battery Energy Storage System Market: Company Research Analysis
Figure 6 North America Battery Energy Storage System Market: Multivariate Modelling
Figure 7 North America Battery Energy Storage System Market: Interview Demographics
Figure 8 North America Battery Energy Storage System Market: Dbmr Market Position Grid
Figure 9 North America Battery Energy Storage System Market: Vendor Share Analysis
Figure 10 Market Application Coverage Grid
Figure 11 North America Battery Energy Storage System Market: Segmentation
Figure 12 Executive Summary
Figure 13 Two Segments Comprise The North America Battery Energy Storage System Market, By Element (2024)
Figure 14 Strategic Decisions
Figure 15 Growing Industrial Automation Enhances Demand For Synchronous Motors Globally Is Expected To Drive The North America Battery Energy Storage System Market In The Forecast Period (2025-2032)
Figure 16 The Battery Segment Is Expected To Account For The Largest Share Of The North America Battery Energy Storage System Market In 2025 And 2032
Figure 17 Pestel Analysis
Figure 18 Porter’s Five Forces Analysis
Figure 19 Drivers, Restraints, Opportunities, And Challenges Of The North America Battery Energy Storage System Market
Figure 20 North America Battery Energy Storage System Market, By Element, 2024
Figure 21 North America Battery Energy Storage System Market, By Connection Type, 2024
Figure 22 North America Battery Energy Storage System Market, By Ownership, 2024
Figure 23 North America Battery Energy Storage System Market, By Energy Capacity, 2024
Figure 24 North America Battery Energy Storage System Market: By Application, 2024
Figure 25 North America Battery Energy Storage System Market: Snapshot (2024)
Figure 26 North America Battery Energy Storage System Market: Company Share 2024 (%)
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