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The rising demand for battery storage systems stimulates the market expansion. The rapid growth of the energy storage system (ESS) market in North America is driven by national and regional regulatory authorities and energy customers installing wind, solar PV, and other renewable energy-based power systems. Additionally, the adoption of battery-based backup power systems for industrial facilities, offices, and homes has supported the demand for battery storage systems and their services.
Furthermore, favourable tax credit schemes are likely to aid the North America battery storage service market growth. For instance, the 2023 Federal Budget in Canada introduced a 15% Clean Electricity Investment Tax Credit (ITC) supporting stationary power storage systems that eliminate the use of fossil fuels. The initiative demonstrates that Canada comprehends the role energy storage plays in its energy transition.
North America Battery Storage Service Market Size
North America Battery Storage Service Market Trends
North America Battery Storage Service Market Regional Analysis
North America Battery Storage Service Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
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
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 ZGlobal Inc
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 Convergent Energy and Power
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 General Electric Company
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
In 2023, the market value was nearly USD 209.84 million.
The market is projected to grow at a CAGR of 13.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 893.11 million by 2032.
The major market drivers include government investments in renewable energy and the growing popularity of lithium-ion batteries.
The key trends include the growing adoption of renewable energy and technological advancements and innovations.
The different types of batteries include lithium-ion battery and flow battery, among others.
Major deployments of battery storage services include onsite and offsite.
The major players in the market include Glidepath Federal Solutions LLC, ZGlobal Inc, Convergent Energy and Power, General Electric Company, Stem, Inc., Fluence Energy, Inc., OCI Solar Power LLC, and CODA Energy Holdings LLC, among others.
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