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Report

North America Battery Storage Service Market Report and Forecast 2023-2028

Market Report I 2023-10-30 I 65 Pages I EMR Inc.

North America Battery Storage Service Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the North America battery storage service market reached a value of USD 106.50 million in 2022. Aided by the escalating shift towards renewable energy sources and the increasing need for grid stabilisation, the market is projected to further grow at a CAGR of 22.8% between 2023 and 2028 to reach a value of USD 586.70 million by 2028.
Battery storage systems are pivotal in ensuring the continuous supply of power, especially with the intermittent nature of renewable energy sources like wind and solar. These storage systems not only aid in storing excess power for later use but also help in stabilising grid networks by managing peak load demands and preventing power outages.
The shift towards green energy is profoundly influencing the North America battery storage service market demand. With the increasing installation of solar panels and wind turbines, there's an augmented need for efficient battery storage systems to harness and utilise generated power optimally. Furthermore, the move away from fossil fuels, driven by environmental concerns for reducing carbon emissions, and policy frameworks, solidifies the position of battery storage systems in the energy infrastructure of North America.
As per the North America battery storage service market analysis, the ageing energy infrastructure in various parts of North America demands modern solutions for efficient power management and distribution of energy. Battery storage services are becoming integral in these revamp efforts, providing both short-term and long-term power storage solutions that ensure uninterrupted power supply and distribution.
The burgeoning electric vehicle (EV) market in the region further bolsters the value of the North America battery storage service market size. As EVs gain popularity, there's an ensuing demand for advanced battery storage systems not only in the vehicles themselves but also in charging stations. This has led to a rise in services related to the maintenance, monitoring, and upgrading of these battery systems.
Moreover, advancements in technology are some of the crucial North America battery storage service market trends that have paved the way for the development of more efficient, durable, and cost-effective battery storage systems. Innovations, especially in lithium-ion batteries, have significantly reduced costs while boosting efficiency, thereby propelling the market forward.
Market Segmentation
The market can be divided based on service type, deployment, battery type, and country.
Market Breakup by Service Type
- Temperature Monitoring
- Calibration (Charge and Discharge Rate)
- Emergency Services (Damage or Power Outages)
- Preventive Maintenance
- Decommissioning/Recycling
- Others
Market Breakup by Deployment
- Onsite
- Offsite (PLC and Scada Maintenance)
Market Breakup by Battery Type
- Lithium Ion Battery
- Flow Battery
- Others
Market Breakup by Country
- United States of America
- Canada
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the North America battery storage service market. Some of the major players explored in the report by Expert Market Research are as follows:
- Glidepath Federal Solutions LLC
- Convergent Energy and Power
- General Electric Company
- ZGlobal Inc
- Stem, Inc.
- Fluence Energy, Inc.
- OCI Solar Power LLC
- CODA Energy Holdings LLC
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.

1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Energy Storage Service Market Overview
8.1 Key Industry Highlights
8.2 North America Energy Storage Service Historical Market (2018-2022)
8.3 North America Energy Storage Service Market Forecast (2023-2028)
9 North America Energy Storage Service Market by Technology
9.1 Pumped Storage
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Electrochemical Storage
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.3 Electromechanical Storage
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.4 Thermal Storage
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
10 North America Energy Storage Service Market by Country
10.1 United States of America
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.1.3 Market by Technology
10.2 Canada
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.2.3 Market by Technology
11 North America Battery Storage Service Market Overview
11.1 Key Industry Highlights
11.2 North America Battery Storage Service Historical Market (2018-2022)
11.3 North America Battery Storage Service Market Forecast (2023-2028)
12 North America Battery Storage Service Market by Service Type
12.1 Temperature Monitoring
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Calibration (Charge and Discharge Rate)
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Emergency Services (Damage or Power Outages)
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Preventive Maintenance
12.4.1 Historical Trend (2018-2022)
12.4.2 Forecast Trend (2023-2028)
12.5 Decommissioning/Recycling
12.5.1 Historical Trend (2018-2022)
12.5.2 Forecast Trend (2023-2028)
12.6 Others
13 North America Battery Storage Service Market by Deployment
13.1 Onsite
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 Offsite (PLC and Scada Maintenance)
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
14 North America Battery Storage Service Market by Battery Type
14.1 Lithium Ion Battery
14.1.1 Historical Trend (2018-2022)
14.1.2 Forecast Trend (2023-2028)
14.2 Flow Battery
14.2.1 Historical Trend (2018-2022)
14.2.2 Forecast Trend (2023-2028)
14.3 Others
15 North America Battery Storage Service Market by Country
15.1 United States of America
15.1.1 Historical Trend (2018-2022)
15.1.2 Forecast Trend (2023-2028)
15.1.3 By Region
15.1.3.1 New England
15.1.3.2 Mideast
15.1.3.3 Great Lakes
15.1.3.4 Plains
15.1.3.5 Southeast
15.1.3.6 Southwest
15.1.3.7 Rocky Mountain
15.1.3.8 Far West
15.2 Canada
15.2.1 Historical Trend (2018-2022)
15.2.2 Forecast Trend (2023-2028)
15.2.3 By Region
15.2.3.1 Northern Canada
15.2.3.2 British Columbia
15.2.3.3 Alberta
15.2.3.4 The Prairies
15.2.3.5 Central Canada
15.2.3.6 Atlantic Canada
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Glidepath Federal Solutions LLC
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Convergent Energy and Power
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 General Electric Company
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 ZGlobal Inc
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Stem, Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Fluence Energy, Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 OCI Solar Power LLC
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 CODA Energy Holdings LLC
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Others
17 Key Trends and Developments in the Market

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