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United States Electrical Energy Storage (EES) Market Research Report 2024-2030

United States Electrical Energy Storage (EES) Market Research Report 2024-2030

  • Published on : 19 October 2024
  • Pages :205
  • Report Code:SMR-8013457

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Report overview

The United States Electrical Energy Storage (EES) market size was valued at US$ 8.76 billion in 2024 and is projected to reach US$ 18.92 billion by 2030, at a CAGR of 13.7% during the forecast period 2024-2030.
Electrical Energy Storage (EES) systems are technologies designed to store electrical energy for later use, including batteries, pumped hydro, compressed air, and other emerging storage solutions, crucial for grid stability and renewable energy integration.
The US Electrical Energy Storage market is experiencing rapid growth, driven by the increasing penetration of renewable energy, grid modernization efforts, and the need for resilient power systems. In 2023, total installed capacity reached 32.5 GWh, with lithium-ion batteries accounting for 70% of market value. The market saw a 40% increase in utility-scale battery storage installations in 2023, driven by falling costs and supportive policies. Use of flow batteries for long-duration storage is growing at 35% annually. The market is witnessing a trend towards hybrid storage systems, with a 50% year-over-year increase in projects combining batteries with other storage technologies. Adoption of behind-the-meter storage in commercial and industrial applications grew by 45% in 2023. Leading developers are focusing on advanced energy management systems, with a 60% increase in deployments of AI-powered optimization software for storage assets. The industry is also seeing increased interest in vehicle-to-grid (V2G) technologies, with a 70% rise in pilot programs exploring electric vehicles as distributed storage resources.

This report contains market size and forecasts of Electrical Energy Storage (EES) in United States, including the following market information:
•    United States Electrical Energy Storage (EES) Market Revenue, 2019-2024, 2024-2030, ($ millions)
•    United States Electrical Energy Storage (EES) Market Sales, 2019-2024, 2024-2030,
•    United States Top five Electrical Energy Storage (EES) companies in 2023 (%)

Report Includes

This report presents an overview of United States market for Electrical Energy Storage (EES) , sales, revenue and price. Analyses of the United States market trends, with historic market revenue/sales data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.

This report focuses on the Electrical Energy Storage (EES) sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the United States Electrical Energy Storage (EES) market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues.

This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by Type, and by Sales Channels, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Humidifier sales, projected growth trends, production technology, sales channels and end-user industry.

Segment by Type

•    Physical
•    Electromegnetic
•    Chemical

Segment by Applications

•    Industrial
•    Commercial
•    Residential
•    Military
•    Others

Key Companies covered in this report:

•    Tesla, Inc.
•    General Electric
•    NextEra Energy, Inc.
•    LG Chem
•    Panasonic Corporation
•    Samsung SDI
•    AES Energy Storage
•    Johnson Controls
•    Siemens AG
•    Fluence Energy, LLC

Including or excluding key companies relevant to your analysis.

Competitor Analysis

The report also provides analysis of leading market participants including:
•    Key companies Electrical Energy Storage (EES) revenues in United Statesn market, 2019-2024 (Estimated), ($ millions)
•    Key companies Electrical Energy Storage (EES) revenues share in United Statesn market, 2023 (%)
•    Key companies Electrical Energy Storage (EES) sales in United Statesn market, 2019-2024 (Estimated),
•    Key companies Electrical Energy Storage (EES) sales share in United Statesn market, 2023 (%)

Key Indicators Analysed
•    Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2019-2030 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
•    United Statesn Market Analysis: The report includes United Statesn market status and outlook 2019-2030. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
•    Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
•    Opportunities and Drivers: Identifying the Growing Demands and New Technology
•    Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Benefits of This Market Research:
•    Industry drivers, restraints, and opportunities covered in the study
•    Neutral perspective on the market performance
•    Recent industry trends and developments
•    Competitive landscape & strategies of key players
•    Potential & niche segments and regions exhibiting promising growth covered
•    Historical, current, and projected market size, in terms of value
•    In-depth analysis of the Electrical Energy Storage (EES) Market
•    Overview of the regional outlook of the Electrical Energy Storage (EES) Market

Key Reasons to Buy this Report:

•    Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
•    This enables you to anticipate market changes to remain ahead of your competitors
•    You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations or other strategic documents
•    The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
•    Provision of market value (USD Billion) data for each segment and sub-segment
•    Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
•    Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
•    Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
•    Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
•    The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
•    Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
•    Provides insight into the market through Value Chain
•    Market dynamics scenario, along with growth opportunities of the market in the years to come
•    6-month post-sales analyst support

We offer additional regional and global reports that are similar:
•    Global Electrical Energy Storage (EES) Market 
•    United States Electrical Energy Storage (EES) Market 
•    Japan Electrical Energy Storage (EES) Market 
•    Germany Electrical Energy Storage (EES) Market 
•    South Korea Electrical Energy Storage (EES) Market 
•    Indonesia Electrical Energy Storage (EES) Market 
•    Brazil Electrical Energy Storage (EES) Market

Customization of the Report: In case of any queries or customization requirements, please connect with our sales team, who will ensure that your requirements are meet.