Reports
North America Battery Storage Service Market Size, Share, Analysis, Trends, Forecast: By Service Type: Temperature Monitoring, Calibration (Charge and Discharge Rate), Emergency Services (Damage or Power Outages), Preventive Maintenance, Others; By Deployment; By Battery Type; Regional Analysis; Competitive Landscape; 2024-2032
North America Battery Storage Service Market Outlook
The North America battery storage service market size reached approximately USD 106.50 million in 2023. The market is assessed to grow at a CAGR of 22.8% between 2024 and 2032 to attain a value of around USD 586.70 million by 2032.
Key Trends in the Market
Battery storage systems are rechargeable batteries that enable the storage of renewable energy such as solar and wind. Battery storage services encompass remote monitoring, maintenance, recycling, and emergency services, among others, that play an integral role in ensuring optimal health and functionality of battery storage systems.
- Some of the significant North America battery storage service market trends include the rising transition to renewable energy and the growing demand for energy in various end-use sectors. Battery storage systems offer numerous advantages such as lowering energy costs, reducing the dependency on grids, ensuring continuous power supply during backup, and minimising the impacts of global warming.
- The North America battery storage service market demand is being fuelled by the rising installations of renewable energy sources in the United States and Canada. Governments in the countries are also offering various incentives to surge the installation of clean and reliable energy sources. Such factors are driving the demand for services such as repair, monitoring, and maintenance, among others, to ensure the optimal condition of battery storage systems.
- Increasing research activities aimed at developing advanced battery cell technologies and innovating the liquid-state-to-state battery field are expected to aid the North America battery storage service market growth. Moreover, advancements in battery technology and the rising adoption of various lithium-ion battery chemistries are anticipated to fuel the demand for battery storage services in the coming years.
Market Analysis
On the basis of service type, the North America battery storage service market segmentation includes temperature monitoring, calibration (charge and discharge rate), emergency services (damage or power outages), preventative maintenance, and decommissioning/recycling, among others.
By deployment, the market is bifurcated into onsite and offsite (PLC and SCADA maintenance). Based on battery type, the market is categorised into lithium ion battery and flow battery, among others. The major regional markets for battery storage service in North America are the United States of America and Canada.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the North America battery storage service market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Glidepath Federal Solutions LLC
- Convergent Energy and Power
- General Electric Company
- ZGlobal Inc
- Stem, Inc.
- Fluence Energy, Inc.
- OCI Solar Power LLC
- CODA Energy Holdings LLC
- Others
Market Share by Service Type
Temperature monitoring accounts for a significant portion of the North America battery storage service market share. Monitoring the temperature of battery storage systems enables end-users to easily identify defects and isolate fault locations. With the rising trend of automation, the demand for temperature monitoring systems that can be installed in battery storage devices to automatically monitor voltage, load current, individual cell temperatures, and charge current is likely to significantly surge in the coming years.
Market Share by Region
As per the North America battery storage service market analysis, the United States represents a significant market share. Battery storage systems are increasingly installed in the country due to the rising focus on renewable energy. The rising deployment of battery storage systems in the residential, industrial, and commercial sectors is also driving the market demand.
Governments in the United States and Canada are increasing the development and operations of battery storage systems to transform grid infrastructures, which is anticipated to further fuel the market growth in the coming years.
Competitive Landscape
Glidepath Federal Solutions LLC, headquartered in Illinois, the United States, is a company that develops and operates energy systems. The company is a pioneer in battery storage, solar and wind energy, and owns various renewable energy projects in the United States.
Convergent Energy and Power, founded in 2011 and headquartered in New York, the United States, is a company that is engaged in energy storage development for industrial and utility customers as well as grid operators. The company develops energy storage systems that can reduce overall energy costs, enhance the reliability of electricity, and maximise the usage of renewable energy.
OCI Solar Power LLC is a pioneer in the solar power sector, which is headquartered in Texas, the United States. The company is engaged in constructing, developing, financing, and operating distributed generation and utility-scale solar assets across the United States. Its parent company OCI Enterprises Inc. is a subsidiary of South Korean chemical and green energy conglomerate OCI Company Ltd.
Other North America battery storage service market players include General Electric Company, ZGlobal Inc, Stem, Inc., Fluence Energy, Inc., and CODA Energy Holdings LLC, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Service Type |
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| Breakup by Deployment |
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| Breakup by Battery Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Energy Storage Service Market Overview
8.1 Key Industry Highlights
8.2 North America Energy Storage Service Historical Market (2018-2023)
8.3 North America Energy Storage Service Market Forecast (2024-2032)
9 North America Energy Storage Service Market by Technology
9.1 Pumped Storage
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Electrochemical Storage
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Electromechanical Storage
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Thermal Storage
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
10 North America Energy Storage Service Market by Country
10.1 United States of America
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Market by Technology
10.2 Canada
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Market by Technology
11 North America Battery Storage Service Market Overview
11.1 Key Industry Highlights
11.2 North America Battery Storage Service Historical Market (2018-2023)
11.3 North America Battery Storage Service Market Forecast (2024-2032)
12 North America Battery Storage Service Market by Service Type
12.1 Temperature Monitoring
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Calibration (Charge and Discharge Rate)
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Emergency Services (Damage or Power Outages)
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Preventive Maintenance
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Decommissioning/Recycling
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 North America Battery Storage Service Market by Deployment
13.1 Onsite
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Offsite (PLC and Scada Maintenance)
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
14 North America Battery Storage Service Market by Battery Type
14.1 Lithium Ion Battery
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Flow Battery
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Others
15 North America Battery Storage Service Market by Country
15.1 United States of America
15.1.1 Historical Trend (2018-2023)
15.1.2 Forecast Trend (2024-2032)
15.1.3 By Region
15.1.3.1 New England
15.1.3.2 Mideast
15.1.3.3 Great Lakes
15.1.3.4 Plains
15.1.3.5 Southeast
15.1.3.6 Southwest
15.1.3.7 Rocky Mountain
15.1.3.8 Far West
15.2 Canada
15.2.1 Historical Trend (2018-2023)
15.2.2 Forecast Trend (2024-2032)
15.2.3 By Region
15.2.3.1 Northern Canada
15.2.3.2 British Columbia
15.2.3.3 Alberta
15.2.3.4 The Prairies
15.2.3.5 Central Canada
15.2.3.6 Atlantic Canada
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Glidepath Federal Solutions LLC
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Convergent Energy and Power
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 General Electric Company
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 ZGlobal Inc
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Stem, Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Fluence Energy, Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 OCI Solar Power LLC
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 CODA Energy Holdings LLC
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Energy Storage Service Market: Key Industry Highlights, 2018 and 2032
2. North America Energy Storage Service Historical Market: Breakup by Technology (USD Million), 2018-2023
3. North America Energy Storage Service Market Forecast: Breakup by Technology (USD Million), 2024-2032
4. North America Energy Storage Service Historical Market: Breakup by Country (USD Million), 2018-2023
5. North America Energy Storage Service Market Forecast: Breakup by Country (USD Million), 2024-2032
6. United States Energy Storage Service Historical Market: Breakup by Technology (USD Million), 2018-2023
7. United States Energy Storage Service Market Forecast: Breakup by Technology (USD Million), 2024-2032
8. Canada Energy Storage Service Historical Market: Breakup by Technology (USD Million), 2018-2023
9. Canada Energy Storage Service Market Forecast: Breakup by Technology (USD Million), 2024-2032
10. North America Battery Storage Service Market: Key Industry Highlights, 2018 and 2032
11. North America Battery Storage Service Historical Market: Breakup by Service Type (USD Million), 2018-2023
12. North America Battery Storage Service Market Forecast: Breakup by Service Type (USD Million), 2024-2032
13. North America Battery Storage Service Historical Market: Breakup by Deployment (USD Million), 2018-2023
14. North America Battery Storage Service Market Forecast: Breakup by Deployment (USD Million), 2024-2032
15. North America Battery Storage Service Historical Market: Breakup by Battery Type (USD Million), 2018-2023
16. North America Battery Storage Service Market Forecast: Breakup by Battery Type (USD Million), 2024-2032
17. North America Battery Storage Service Historical Market: Breakup by Country (USD Million), 2018-2023
18. North America Battery Storage Service Market Forecast: Breakup by Country (USD Million), 2024-2032
19. North America Battery Storage Service Market Structure
Key Questions Answered in the Report
In 2023, the market attained a value of nearly USD 106.50 million.
The market is assessed to grow at a CAGR of 22.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 586.70 million by 2032.
The major drivers of the market are the transition to renewable energy and the rising awareness regarding the benefits of battery storage systems.
The key trends guiding the market growth are the development of advanced battery cells and advancements in battery technology.
The major regions in the market are the United States of America and Canada.
The major battery types considered in the market report are lithium ion battery and flow battery, among others.
The major players in the market are Glidepath Federal Solutions LLC, Convergent Energy and Power, General Electric Company, ZGlobal Inc, Stem, Inc., Fluence Energy, Inc., OCI Solar Power LLC, and CODA Energy Holdings LLC, among others.
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