North America Renewable Energy Storage Market Size Trends, Analysis, and Forecast till 2035
Description
The North America Renewable Energy Storage Market Report offers an in-depth exploration of emerging market trends, driving factors, challenges, and key segments that shape the industry. It includes a thorough examination of regulatory frameworks, company profiles, and the latest industry developments. The report delves into product development, positioning strategies, and the impact of new technologies on the market landscape. By identifying challenges and opportunities, the report provides a detailed roadmap for market growth.
In order to maintain a consistent power supply in spite of the sporadic nature of renewable energy sources, such as solar, wind, and hydropower, energy must be captured for later use. The market in North America is growing quickly due to a rising need for grid stability, encouraging government policies, and greater investments in clean energy. Advances in technology, such cheaper batteries and better storage systems, are encouraging adoption in the utility, business, and residential sectors. It is anticipated that new technologies including green hydrogen and solid-state batteries, as well as digital tools comparable to artificial intelligence (AI) for optimization, will drive future growth. Energy storage-as-a-service (ESaaS) is also becoming increasingly popular, which is contributing to the accessibility and scalability of these systems.
Report Highlights:
In April 2025, Stryten Energy LLC, a U.S.-based energy storage company, has announced a major plan to expand its domestic manufacturing capacity to 24 gigawatts. This expansion aims to boost American energy security by increasing battery production across its 11 U.S. plants, which employ over 2,500 workers. These facilities manufacture batteries for various applications, including military, government, data centers, grid storage, automotive, and material handling.
Report Analysis:
Benefits of Storing Renewable Energy:
The ability to store this energy has the important advantage of reducing the squandering of renewable resources. Renewable energy sources can occasionally provide more electricity than is required at any given moment. An opportunity to produce clean electricity has effectively been wasted when this occurs as some renewable generators may have to reduce their outputs in order to keep the system "balanced," or when the supply of electricity meets the demand. Because energy may be stored until a later time when it is required, these renewable energy sources can continue to provide electricity even if it is not needed right now.
Segmentation:
By Source:
NextEra Energy Resources, LLC
Tesla
Fluence
Enphase Energy
Sunrun
Form Energy
Powin
Hydrostor
Exergonix, Inc.
ENGIE North America
Plus Power
Canadian Solar
The AES Corporation
Johnson Controls
What You’ll Gain from This Report:
FAQs:
Key Questions Answered in the Report.
1. What was the North America Renewable Energy Storage Market size in 2025?
2. What is projected growth rate of the North America Renewable Energy Storage Market during 2025-2035?
3. What are the key factors driving the North America Renewable Energy Storage Market growth?
4. What are leading players in the North America Renewable Energy Storage Market ?
5. What are the key regions analyzed in the North America Renewable Energy Storage Market ?
6. Which region is dominating in the North America Renewable Energy Storage Market ?
In order to maintain a consistent power supply in spite of the sporadic nature of renewable energy sources, such as solar, wind, and hydropower, energy must be captured for later use. The market in North America is growing quickly due to a rising need for grid stability, encouraging government policies, and greater investments in clean energy. Advances in technology, such cheaper batteries and better storage systems, are encouraging adoption in the utility, business, and residential sectors. It is anticipated that new technologies including green hydrogen and solid-state batteries, as well as digital tools comparable to artificial intelligence (AI) for optimization, will drive future growth. Energy storage-as-a-service (ESaaS) is also becoming increasingly popular, which is contributing to the accessibility and scalability of these systems.
Report Highlights:
- North America renewable energy storage market size is valuated at USD 20.3 Billion in 2025.
- Target market size is estimated to be valuated at USD 76.6 Billion by 2035 and at a CAGR of 13.18%.
- On the account of source, solar energy has the largest North America renewable energy storage market share.
- In the North America renewable energy storage market, battery energy storage systems (BESS) technology command the biggest market share.
- In North America, the industrial application has the most market share, by virtue of application.
In April 2025, Stryten Energy LLC, a U.S.-based energy storage company, has announced a major plan to expand its domestic manufacturing capacity to 24 gigawatts. This expansion aims to boost American energy security by increasing battery production across its 11 U.S. plants, which employ over 2,500 workers. These facilities manufacture batteries for various applications, including military, government, data centers, grid storage, automotive, and material handling.
Report Analysis:
Benefits of Storing Renewable Energy:
The ability to store this energy has the important advantage of reducing the squandering of renewable resources. Renewable energy sources can occasionally provide more electricity than is required at any given moment. An opportunity to produce clean electricity has effectively been wasted when this occurs as some renewable generators may have to reduce their outputs in order to keep the system "balanced," or when the supply of electricity meets the demand. Because energy may be stored until a later time when it is required, these renewable energy sources can continue to provide electricity even if it is not needed right now.
Segmentation:
By Source:
- Wind
- Hydropower
- Solar
- Others
- Pumped Hydroelectric Storage
- Battery Energy Storage
- Flywheel Energy Storage
- Compressed Air Energy Storage
- Thermal Energy Storage
- Hydrogen Energy Storage
- Residential
- Commercial
- Industrial
- U.S.
- Canada
NextEra Energy Resources, LLC
Tesla
Fluence
Enphase Energy
Sunrun
Form Energy
Powin
Hydrostor
Exergonix, Inc.
ENGIE North America
Plus Power
Canadian Solar
The AES Corporation
Johnson Controls
What You’ll Gain from This Report:
- Regional & Country-Specific Insights: Unlock detailed market share analysis across key regions and countries, empowering you to pinpoint growth opportunities and optimize your strategic positioning.
- Guidance for Market Entry: Expert-backed strategies to overcome entry barriers, establish a foothold, and accelerate expansion in new or competitive markets.
- Reliable Long-Term Forecasts: Data-driven projections from 2025 to 2035, including pivotal milestones for 2025, 2026, and 2030, ensuring confident, future-proof investments.
- In-Depth Market Trend Analysis: Explore the forces shaping the industry—drivers, challenges, emerging opportunities, and risks—along with insights into high-growth sectors and potential obstacles.
- Proven Business Strategies: Actionable, data-backed recommendations tailored to key market segments, helping you maximize profitability and outperform competitors.
- Competitive Intelligence: Stay ahead with a clear view of industry trends, competitor strategies, and untapped market potential to refine your approach.
- Exclusive Company Profiles: In-depth analysis of top market players, including business models, financial performance, strategic initiatives, and recent developments.
- Innovative Supply Chain Trends: Discover the latest technological advancements transforming supply chains—boosting efficiency, cutting costs, and driving innovation.
FAQs:
Key Questions Answered in the Report.
1. What was the North America Renewable Energy Storage Market size in 2025?
2. What is projected growth rate of the North America Renewable Energy Storage Market during 2025-2035?
3. What are the key factors driving the North America Renewable Energy Storage Market growth?
4. What are leading players in the North America Renewable Energy Storage Market ?
5. What are the key regions analyzed in the North America Renewable Energy Storage Market ?
6. Which region is dominating in the North America Renewable Energy Storage Market ?
Table of Contents
169 Pages
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Preview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Source
- Market Snippet, By Technology
- Market Snippet, By Application
- Market Snippet, By Country
- Opportunity Map Analysis
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- Product Launch
- Merger and Acquisitions
- Impact Analysis
- PEST Analysis
- Porter’s Analysis
- Fundamental of Energy Storage
- Classification of Energy Storage Technologies
- Market Segmentation, By Source, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Wind
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Hydropower
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Solar
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Others
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Market Segmentation, By Technology, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Pumped Hydroelectric Storage
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Battery Energy Storage
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Flywheel Energy Storage
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Compressed Air Energy Storage
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Thermal Energy Storage
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Hydrogen Energy Storage
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Market Segmentation, By Application, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Residential
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Commercial
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Industrial
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Market Segmentation, By Country, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Regional Trends
- North America
- Market Size and Forecast (USD Bn), By Source, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Technology, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- U.S.
- Canada
Pricing
Currency Rates
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