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U.S. Advanced Battery Energy Storage System Market Size, Share & Trends Analysis Report By Product (Lithium-Ion, Lead-Acid, Sodium Sulfur), By Application, And Segment Forecasts, 2024 - 2030

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    Report

  • 80 Pages
  • August 2024
  • Region: United States
  • Grand View Research
  • ID: 5999053
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U.S. Advanced Battery Energy Storage System Market Growth & Trends

The U.S. Advanced Battery Energy Storage System market size is anticipated to reach USD 2.36 billion by 2030. The market is projected to grow at a CAGR of 19.6% from 2024 to 2030. Technological advancement and presence of a large number of market players are expected to propel demand over the forecast period.

Advanced battery energy storage systems market is expected to witness a significant rise in demand in the coming future on account of rising technological innovation in the field of smart metering, smart grids, and home control devices. In addition, growing R&D activities and rising investments in the field of distributed energy storage is expected to drive the market growth over the forecast period.

Rising emphasis by the government to reduce the dependency on fossil fuels to achieve energy needs and increase the share of renewable sources in the energy mix is expected to drive the market demand for the product in the grid storage over the forecast period.

U.S. Advanced Battery Energy Storage System Market Report Highlights

  • Lithium-Ion dominated the market and accounted for a share of 78.9% in 2023. This high percentage can be attributed to the most noticeable difference between LIBs (lithium-ion batteries) and other established technologies is the energy density.
  • The grid storage segment dominated the market in 2023 and is expected to grow during the forecast period.
  • The manufacturers supply the product through a wide distribution network. There is intense competition among the market players in order to fulfill changing consumer demand. Improving technology in various end-use markets requires a rapid shift in advanced battery technology for meeting demand. Product differentiation also plays a major role in strengthening the position in this market.
  • Market players are majorly involved in the direct supply of the product to the end-users. Some of the major strategies being adopted by key players at present include new product development to create product differentiation, expansion, and technological development in order to reduce cost and provide efficient battery storage to the customers.

Why should you buy this report?

  • Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players worldwide.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This report addresses:

  • Market intelligence to enable effective decision-making
  • Market estimates and forecasts from 2018 to 2030
  • Growth opportunities and trend analyses
  • Segment and regional revenue forecasts for market assessment
  • Competition strategy and market share analysis
  • Product innovation listing for you to stay ahead of the curve
  • COVID-19's impact and how to sustain in these fast-evolving markets


This product will be delivered within 1-3 business days.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
1.3.1. Information Procurement
1.3.2. Information or Data Analysis
1.3.3. Market Formulation & Data Visualization
1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. U.S. Advanced Battery Energy Storage System Market Variables, Trends, & Scope
3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Billion)
3.3. Market Dynamics
3.3.1. Market Drivers Analysis
3.3.2. Market Restraints Analysis
3.4. U.S. Advanced Battery Energy Storage System Market Analysis Tools
3.4.1. Porter’s Analysis
3.4.1.1. Bargaining power of the suppliers
3.4.1.2. Bargaining power of the buyers
3.4.1.3. Threats of substitution
3.4.1.4. Threats from new entrants
3.4.1.5. Competitive rivalry
3.4.2. PESTEL Analysis
3.4.2.1. Political landscape
3.4.2.2. Economic and Social landscape
3.4.2.3. Technological landscape
3.4.2.4. Environmental landscape
3.4.2.5. Legal landscape
Chapter 4. U.S. Advanced Battery Energy Storage System Market Product Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. U.S. Advanced Battery Energy Storage System Market: Product Movement Analysis, 2023 & 2030 (USD Billion)
4.3. Lithium-Ion
4.3.1. Lithium-Ion Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
4.4. Lead-Acid
4.4.1. Lead Acid Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
4.5. Sodium Sulfur
4.5.1. Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 5. U.S. Advanced Battery Energy Storage System Market: Application Estimates & Trend Analysis
5.1. Segment Dashboard
5.2. U.S. Advanced Battery Energy Storage System Market: Application Movement Analysis, 2023 & 2030 (USD Billion)
5.3. Transportation
5.3.1. Transportation Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.4. Grid Storage
5.4.1. Grid Storage Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.5. Uninterruptible Power Supply (UPS)
5.5.1. Natural Language Uninterruptible Power Supply (UPS) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.6. Telecom
5.6.1. Telecom Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Competitive Landscape
6.1. Recent Developments & Impact Analysis by Key Market Participants
6.2. Company Categorization
6.3. Company Heat Map Analysis
6.4. Company Profiles
6.4.1. Tesla
6.4.1.1. Participant’s Overview
6.4.1.2. Financial Performance
6.4.1.3. Product Benchmarking
6.4.1.4. Recent Developments/ Strategic Initiatives
6.4.2. Fluence Energy
6.4.2.1. Participant’s Overview
6.4.2.2. Financial Performance
6.4.2.3. Product Benchmarking
6.4.2.4. Recent Developments/ Strategic Initiatives
6.4.3. The AES Corporation
6.4.3.1. Participant’s Overview
6.4.3.2. Financial Performance
6.4.3.3. Product Benchmarking
6.4.3.4. Recent Developments/ Strategic Initiatives
6.4.4. Sonnen
6.4.4.1. Participant’s Overview
6.4.4.2. Financial Performance
6.4.4.3. Product Benchmarking
6.4.4.4. Recent Developments/ Strategic Initiatives
6.4.5. LG Chem
6.4.5.1. Participant’s Overview
6.4.5.2. Financial Performance
6.4.5.3. Product Benchmarking
6.4.5.4. Recent Developments/ Strategic Initiatives
6.4.6. Samsung SDI
6.4.6.1. Participant’s Overview
6.4.6.2. Financial Performance
6.4.6.3. Product Benchmarking
6.4.6.4. Recent Developments/ Strategic Initiatives
6.4.7. Volta Grid
6.4.7.1. Participant’s Overview
6.4.7.2. Financial Performance
6.4.7.3. Product Benchmarking
6.4.7.4. Recent Developments/ Strategic Initiatives
6.4.8. NextEra Energy
6.4.8.1. Participant’s Overview
6.4.8.2. Financial Performance
6.4.8.3. Product Benchmarking
6.4.8.4. Recent Developments/ Strategic Initiatives
6.4.9. BYD Company
6.4.9.1. Participant’s Overview
6.4.9.2. Financial Performance
6.4.9.3. Product Benchmarking
6.4.9.4. Recent Developments/ Strategic Initiatives
6.4.10. Hitachi Ltd.
6.4.10.1. Participant’s Overview
6.4.10.2. Financial Performance
6.4.10.3. Product Benchmarking
6.4.10.4. Recent Developments/ Strategic Initiatives
6.4.11. Exide Technologies
6.4.11.1. Participant’s Overview
6.4.11.2. Financial Performance
6.4.11.3. Product Benchmarking
6.4.11.4. Recent Developments/ Strategic Initiatives
6.4.12. AES Technologies
6.4.12.1. Participant’s Overview
6.4.12.2. Financial Performance
6.4.12.3. Product Benchmarking
6.4.12.4. Recent Developments/ Strategic Initiatives
6.4.13. Samsung SDI
6.4.13.1. Participant’s Overview
6.4.13.2. Financial Performance
6.4.13.3. Product Benchmarking
6.4.13.4. Recent Developments/ Strategic Initiatives
6.4.14. EnerSys
6.4.14.1. Participant’s Overview
6.4.14.2. Financial Performance
6.4.14.3. Product Benchmarking
6.4.14.4. Recent Developments/ Strategic Initiatives

Companies Mentioned

  • Tesla
  • Fluence Energy
  • The AES Corporation
  • LG Chem
  • Samsung SDI
  • Volta Grid
  • NextEra Energy
  • BYD Company
  • Hitachi Ltd.
  • Exide Technologies
  • AES Technologies
  • Samsung SDI
  • EnerSys

Methodology

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Table Information

Report AttributeDetails
No. of Pages80
PublishedAugust 2024
Forecast Period2023 - 2030
Estimated Market Value ( USD ) in 2023 $ 656.7 Million
Forecasted Market Value ( USD ) by 2030 $ 2360 Million
Compound Annual Growth Rate19.6%
Regions CoveredUnited States
No. of Companies Mentioned13

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