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U.S. Energy Storage Market Share

Report ID: GMI2952
Published Date: May 2023
Report Format: PDF

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U.S. Energy Storage Market Share

Some of the major players operating in the U.S. energy storage market are:

Tesla
General Electric
Exide Technologies
BYD Company Ltd
Toshiba Corporation
Samsung SDI Co., Ltd
Panasonic Corporation
LG Energy Solution
Siemens
Lockheed Martin Corporation
SCHMID Group
Invinity Energy Systems
ABB
Johnson Controls
McDermott
CALMAC
Abengoa S.A
Burns & McDonnell
Voith GmbH & Co
KGaA

These players focus on mergers and strategic partnerships for market expansion. Furthermore, these players are increasingly investing in research & development activities, which enable them to introduce innovative services and garner maximum industry revenue.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of energy storage in United States exceeded USD 68.6 billion in 2023 and will record around 15.5% CAGR from 2024 to 2032, explains GMI report.

Pumped hydro storage segment size surpassed USD 38.5 billion in 2022 and will expand by 2032 driven by an increase in investments due to the ongoing capacity addition and expansion in the U.S.

The U.S. energy storage sector recorded 13% growth in 2022 as regulatory bodies have been crucial in driving investments in the energy and electric infrastructure.

Tesla, General Electric, Exide Technologies, BYD Company Ltd., Toshiba Corporation, Samsung SDI Co., Ltd, Panasonic Corporation, LG Energy Solution, Siemens, Lockheed Martin Corporation, SCHMID Group, Invinity Energy Systems, CALMAC, Abengoa S.A., Burns & McDonnell, and Voith GmbH & Co. KGaA.