North America Battery Energy Storage System Market to 2032

Overview

The North America Battery Energy Storage System Market is expected to reach a 144.59 USD Billion by 2032 and is projected to grow at a CAGR of 17.18% from 2025 to 2032.

Revenue, 2024 (USD Billion)

40.95

Forecast, 2032 (USD Billion)

144.59

CAGR, 2024 - 2032

17.18%

Report Coverage

North America

North America Battery Energy Storage System Market 2018-2032 USD Billion

North America Battery Energy Storage System Market, Key Findings (2025-2032)

Market Growth and Projections:

Market Size (2024): 40.95 USD Billion
Projected Market Size (2032): 144.59 USD Billion
CAGR (2025-2032): 17.18%

Key Findings of North America Battery Energy Storage System Market

The North America Battery Energy Storage System Market was valued at 40.95 USD Billion in 2024.
The North America Battery Energy Storage System Market is likely to grow at a CAGR of 17.18% during the forecast period of 2024 to 2032.
In 2024, the Largest segment On-Grid (Grid-Tied) Systems in Connection Type Segment accounted for the largest share of the market with a revenue of 32.05 USD Billion
The fastest growing segment Customer-Owned in Ownership Segment grew Fastest with a CAGR of 17.77% during the forecast period from 2024 to 2032.

North America Battery Energy Storage System Market Scope

North America Battery Energy Storage System Market Segmentation & Scope

Element

Hardware
Battery

Application

Others
Remote & Off-Grid Areas
Military & Defense
Utilities
Non-Residential
Residential

Energy Capacity

Below 100 MWh
Between 100 and 500 MWh
Above 500 MWh

Ownership

Third-Party Owned
Utility-Owned
Customer-Owned

Connection Type

Off-Grid (Standalone) Systems
On-Grid (Grid-Tied) Systems

North America Battery Energy Storage System Market Data Coverage Insights

Study Period	2024-2032
Base Year	2024
Unit	Revenue in USD Billion
Market Value in 2024	40.95 USD Billion
Market Value in 2032	144.59 USD Billion
CAGR (2025-2032)	17.18%
Historic Data	2016-2023
Market Segments Covered	Element,Application,Energy Capacity,Ownership,Connection Type

Regional Insights:

Leading Market (2024-2032): North America, leading in terms of revenue 40.95 USD Billion in 2024
- Key Country: U.S., leading in terms of revenue with value of 25,792.08 USD Million in 2024.

Segments and Scope

North America Battery Energy Storage System Market to 2032, By Element
- Battery is the largest segment in North America Battery Energy Storage System Market to 2032 with a revenue of 26.47 USD Billion in the year 2024.
- Battery is the Fastest growing segment in North America Battery Energy Storage System Market to 2032 with a Growth rate of 17.49 % in forecast period 2025-2032.
North America Battery Energy Storage System Market to 2032, By Application
- Residential is the largest segment in North America Battery Energy Storage System Market to 2032 with a revenue of 15.76 USD Billion in the year 2024.
- Residential is the Fastest growing segment in North America Battery Energy Storage System Market to 2032 with a Growth rate of 17.76 % in forecast period 2025-2032.
North America Battery Energy Storage System Market to 2032, By Energy Capacity
- Above 500 MWh is the largest segment in North America Battery Energy Storage System Market to 2032 with a revenue of 18.08 USD Billion in the year 2024.
- Above 500 MWh is the Fastest growing segment in North America Battery Energy Storage System Market to 2032 with a Growth rate of 17.62 % in forecast period 2025-2032.
North America Battery Energy Storage System Market to 2032, By Ownership
- Customer-Owned is the largest segment in North America Battery Energy Storage System Market to 2032 with a revenue of 19.06 USD Billion in the year 2024.
- Customer-Owned is the Fastest growing segment in North America Battery Energy Storage System Market to 2032 with a Growth rate of 17.77 % in forecast period 2025-2032.
North America Battery Energy Storage System Market to 2032, By Connection Type
- On-Grid (Grid-Tied) Systems is the largest segment in North America Battery Energy Storage System Market to 2032 with a revenue of 32.05 USD Billion in the year 2024.
- On-Grid (Grid-Tied) Systems is the Fastest growing segment in North America Battery Energy Storage System Market to 2032 with a Growth rate of 17.24 % in forecast period 2025-2032.

North America Battery Energy Storage System Market Company Share Analysis

Company Name
ABB
BYD Company Ltd.
LG Energy Solution
Bosch Limited
The AES Corporation

North America Battery Energy Storage System Market Geographical Sales Distribution, 2018-2032 USD Billion

North America Battery Energy Storage System Market Company Profiling

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Frequently Asked Questions

What are the primary segments covered in the North America Battery Energy Storage System Market?

The North America Battery Energy Storage System Market is segmented based on Segmentation Element,Application,Energy Capacity,Ownership,Connection Type.

What is the current market size of the North America Battery Energy Storage System Market?

North America Battery Energy Storage System Market was valued at USD 40.95(Revenue in USD Billion) in 2024.

What is the expected growth rate of the North America Battery Energy Storage System Market?

North America Battery Energy Storage System Market is projected to grow at a CAGR of 17.18% during the forecast period of 2024 to 2032.

Which is the dominating segment in the North America Battery Energy Storage System Market?

The On-Grid (Grid-Tied) Systems segment is expected to dominate the North America Battery Energy Storage System Market, holding a largest market share of 32.05 USD Billion in 2024