North America Battery Energy Storage Systems Market Size & Outlook
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North America battery energy storage systems market highlights
- The North America battery energy storage systems market generated a revenue of USD 2,067.1 million in 2024.
- The market is expected to grow at a CAGR of 34.2% from 2025 to 2030.
- In terms of segment, data center was the largest revenue generating application in 2024.
- Industrial is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2025 to 2030.
North America data book summary
| Market revenue in 2024 | USD 2,067.1 million |
| Market revenue in 2030 | USD 11,477.9 million |
| Growth rate | 34.2% (CAGR from 2025 to 2030) |
| Largest segment | Data center |
| Fastest growing segment | Industrial |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Telecommunication, Data Center, Medical, Industrial, Marine |
| Key market players worldwide | ABB Ltd, LG Chem, Panasonic Holdings Corp, Samsung Electronics Co Ltd, BYD Co Ltd ADR, Contemporary Amperex Technology, Exide Technologies, General Electric, Nissan Motor Co Ltd, AES Energy Storage, HOPPECKE Batteries, Tesla Inc |
Other key industry trends
- In terms of revenue, North America region accounted for 20.3% of the global battery energy storage systems market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 6,324.8 million by 2030.
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Battery Energy Storage Systems Market Scope
Battery Energy Storage Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Contemporary Amperex Technology | View profile | 10001+ | Xining, Qinghai, China, Asia | https://www.catl.com/en/ |
| Exide Technologies | View profile | 10001+ | Georgia, Louisiana, United States, North America | http://www.exide.com |
| AES Energy Storage | View profile | 1001-5000 | Arlington, Virginia, United States, North America | http://aesenergystorage.com |
| General Electric | View profile | 10001+ | Boston, Massachusetts, United States, North America | http://www.ge.com |
| HOPPECKE Batteries | View profile | 1001-5000 | Brilon, Nordrhein-Westfalen, Germany, Europe | https://www.hoppecke.com/ |
| Nissan Motor Co Ltd | View profile | 147116 | 1-1, Takashima 1-chome, Nishi-ku, Yokohama-shi, Kanagawa, Japan, 220-8686 | http://www.nissan-global.com |
| BYD Co Ltd ADR | View profile | 703504 | No. 3009, BYD Road, Pingshan, Guangdong Province, Shenzhen, China, People's Republic of, 518118 | https://www.byd.com |
| LG Chem | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.lgchem.com |
| Tesla Inc | View profile | 140473 | 1 Tesla Road, Austin, TX, United States, 78725 | https://www.tesla.com |
| Samsung Electronics Co Ltd | View profile | 124804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | https://www.samsung.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Panasonic Holdings Corp | View profile | 230025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | https://holdings.panasonic |
North America battery energy storage systems market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to battery energy storage systems market will help companies and investors design strategic landscapes.
Data center was the largest segment with a revenue share of 47.39% in 2024. Horizon Databook has segmented the North America battery energy storage systems market based on telecommunication, data center, medical, industrial, marine covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of battery energy storage systems market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America battery energy storage systems market , including forecasts for subscribers. This continent databook contains high-level insights into North America battery energy storage systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America battery energy storage systems market size, by country, 2018-2030 (US$M)
North America Battery Energy Storage Systems Market Outlook Share, 2024 & 2030 (US$M)
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