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U.S. Energy Storage Market Share

Report ID: GMI2952
Published Date: Dec 2024
Report Format: PDF

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U.S. Energy Storage Market Share

ABB is a leading player in the U.S. energy storage industry, recognized for its deep expertise in developing and producing various energy storage technologies, including electromechanical and electrochemical systems. With a rich history in the industry, the company has provided a broad spectrum of tailored solutions designed to address diverse application requirements.

U.S. Energy Storage Market Companies

Some of the key market players operating across the U.S. energy storage industry are:

ABB
Abengoa
BYD Company
Burns & McDonnell
CALMAC
Exide Technologies
General Electric
Invinity Energy Systems
Johnson Controls
Lockheed Martin
LG Energy Solution
McDermott
Panasonic
SCHMID Group
Samsung SDI
Siemens
Tesla
Toshiba
Voith

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The U.S. market for energy storage was valued at USD 78.9 billion in 2024 and is projected to reach USD 305.5 billion by 2034, driven by a CAGR of 13.4% during the forecast period, supported by renewable energy integration and grid modernization efforts.

The electro-chemical segment is expected to surpass USD 231.4 billion by 2034, driven by the widespread adoption of lithium-ion batteries and advancements in manufacturing technologies.

The electric energy time shift segment is anticipated to grow at a CAGR exceeding 7.5% by 2034, fueled by the need to balance supply and demand in grids with variable renewable energy sources.

Key players in the industry include ABB, Abengoa, BYD Company, Burns & McDonnell, CALMAC, Exide Technologies, General Electric, Invinity Energy Systems, Johnson Controls, Lockheed Martin, LG Energy Solution, McDermott, Panasonic, SCHMID Group, Samsung SDI, Siemens, Tesla, Toshiba, and Voith.