US Energy Storage Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The US Energy Storage Market Report is Segmented by Technology (Batteries and Other Energy Storage System Technologies), Phase (Single Phase and Three Phase), and End User (Residential and Commercial and Industrial). The Report Offers the Market Sizes and Forecasts in Terms of USD.

US Energy Storage Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

United States Energy Storage Market Size

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United States Energy Storage Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 3.68 Billion
Market Size (2030) USD 5.09 Billion
CAGR (2025 - 2030) 6.70 %
Market Concentration Low

Major Players

United States Energy Storage Market Major Players

*Disclaimer: Major Players sorted in no particular order

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United States Energy Storage Market Analysis

The United States Energy Storage Market size is estimated at USD 3.68 billion in 2025, and is expected to reach USD 5.09 billion by 2030, at a CAGR of 6.7% during the forecast period (2025-2030).

  • In the long term, factors such as increasing installations of renewable energy and declining prices for lithium-ion batteries are expected to drive the market during the forecast period.
  • The scarcity of raw materials used for battery manufacturing is likely to hinder the market's growth during the forecast period.
  • Researchers in the United States have been at the forefront of researching and developing alternate battery chemistries, which are safer and more efficient than current battery chemistries, thus creating several opportunities for the market in the future.

United States Energy Storage Industry Overview

The US energy storage market is moderately fragmented. Some of the key players in the market are Tesla Inc., BYD Co. Ltd, LG Energy Solution Ltd, Enphase Energy, and Sungrow Power Supply Co. Ltd.

United States Energy Storage Market Leaders

  1. Tesla Inc

  2. BYD Co. Ltd

  3. LG Energy Solution Ltd

  4. Enphase Energy

  5. Sungrow Power Supply Co., Ltd

  6. *Disclaimer: Major Players sorted in no particular order
United States Energy Storage Market Concentration
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United States Energy Storage Market News

  • January 2024: Apex Clean Energy, a green energy supplier, entered a joint venture with Korean green energy developer SK D&D, which is expected to own energy storage projects in the United States. The new joint venture, funded 60% by SK and 40% by Apex, named SA Grid Solutions, operates a lithium-ion battery project that is expected to come online by the end of 2024.
  • December 2023: LG Energy Solution Vertech, an energy equipment and solutions provider, lined up 10 GWh of grid-scale battery energy storage (ESS) projects in the United States for 2024. Also, these 10 GWh are comprised of 10 integrated battery energy storage systems (BESS) that will support the nation’s continued transition toward sustainable renewable energy.

US Energy Storage Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Energy Storage Systems Installed Capacity and Forecast in USD billion, till 2029
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.1.1 Increase in Adoption of Renewable Energy
    • 4.5.1.2 Declining Cost of Lithium-ion Batteries
    • 4.5.2 Restraints
    • 4.5.2.1 Presence of Other Energy Storage Systems
  • 4.6 Supply Chain Analysis
  • 4.7 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 Technology
    • 5.1.1 Batteries
    • 5.1.2 Other Energy Storage System Technologies
  • 5.2 Phase
    • 5.2.1 Single Phase
    • 5.2.2 Three Phase
  • 5.3 End User
    • 5.3.1 Residential
    • 5.3.2 Commercial and Industrial

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Tesla Inc.
    • 6.3.2 Sungrow Power Supply Co. Ltd
    • 6.3.3 BYD Co. Ltd
    • 6.3.4 Sonnen GmbH
    • 6.3.5 LG Energy Solution Ltd
    • 6.3.6 Enphase Energy
    • 6.3.7 Voith GmbH & Co. KGaA
    • 6.3.8 Andritz AG
    • 6.3.9 Siemens Energy AG
    • 6.3.10 Fluence Energy
  • *List Not Exhaustive
  • 6.4 Market Ranking Analysis

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Technological Advancements in Lithium-ion Batteries
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United States Energy Storage Industry Segmentation

Energy storage is the capture of energy produced at one time for use at a later time to reduce imbalances between energy demand and energy production. A device that stores energy is generally called an accumulator or battery.

The US energy storage market is segmented by technology, phase, and end user. By technology, the market is segmented by batteries and other energy storage system technologies. By type of phase, the market is segmented into single phase and three phase. By end user, the market is segmented into residential and commercial and industrial. For each segment, the market sizing and forecasts were made based on USD.

Technology Batteries
Other Energy Storage System Technologies
Phase Single Phase
Three Phase
End User Residential
Commercial and Industrial
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US Energy Storage Market Research FAQs

How big is the United States Energy Storage Market?

The United States Energy Storage Market size is expected to reach USD 3.68 billion in 2025 and grow at a CAGR of 6.70% to reach USD 5.09 billion by 2030.

What is the current United States Energy Storage Market size?

In 2025, the United States Energy Storage Market size is expected to reach USD 3.68 billion.

Who are the key players in United States Energy Storage Market?

Tesla Inc, BYD Co. Ltd, LG Energy Solution Ltd, Enphase Energy and Sungrow Power Supply Co., Ltd are the major companies operating in the United States Energy Storage Market.

What years does this United States Energy Storage Market cover, and what was the market size in 2024?

In 2024, the United States Energy Storage Market size was estimated at USD 3.43 billion. The report covers the United States Energy Storage Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the United States Energy Storage Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

US Energy Storage Industry Report

The U.S. energy storage market is poised for significant growth, driven by the demand for modernizing the existing grid network and integrating renewable energy sources. This expansion is bolstered by technological innovations that enhance energy efficiency, favorable regulatory frameworks, and increasing renewable storage capacities. Top battery storage companies and energy storage manufacturers are making substantial investments in pumped hydro storage and electric energy time shift applications.

The residential sector is anticipated to lead, fueled by growing renewable installations and advancements in energy storage technology. Overall, the focus is on boosting grid reliability and resilience, crucial for managing the variability of renewable sources like solar and wind.

For a detailed market forecast and historical overview, refer to industry reports by Mordor Intelligence™, which provide comprehensive market share, size, and revenue growth rate analysis. Download a free report PDF sample for more insights into the U.S. Energy Storage market, including the roles of leading battery storage companies and energy storage manufacturers.

The report covers US Energy Storage Companies and it is segmented by Technology (Batteries and Other Energy Storage System Technologies), Phase (Single Phase and Three Phase), and End-User (Residential and Commercial & Industrial). The U.S. energy storage market is poised for significant growth, driven by the demand for modernizing the existing grid network and integrating renewable energy sources. This expansion is bolstered by technological innovations that enhance energy efficiency, favorable regulatory frameworks, and increasing renewable storage capacities. Top battery storage companies and energy storage manufacturers are making substantial investments in pumped hydro storage and electric energy time shift applications.

The residential sector is anticipated to lead, fueled by growing renewable installations and advancements in energy storage technology. Overall, the focus is on boosting grid reliability and resilience, crucial for managing the variability of renewable sources like solar and wind.

For a detailed market forecast and historical overview, refer to industry reports by Mordor Intelligence™, which provide comprehensive market share, size, and revenue growth rate analysis. Download a free report PDF sample for more insights into the U.S. Energy Storage market, including the roles of leading battery storage companies and energy storage manufacturers.