Delray Beach, FL, May 13, 2025 (GLOBE NEWSWIRE) — The report “Battery Energy Storage System Market Size, Share & Industry Trends Growth Analysis Report by Battery Type (Lithium-ion, Advanced Lead Acid, Flow, Nickel-based), Energy Capacity (Below 100 MWh, Between 100 MWh & 500 MWh, Above 500 MWh), Connection Type, Ownership and Region – Forecast to 2029”, The US Battery Energy Storage System market is expected to reach USD 7.02 billion by 2029, up from USD 2.13 billion in 2024, at a CAGR of 26.8% from 2024 to 2029.
The increasing demand for Battery Energy Storage Systems (BESS) in the US is driven by factors such as increasing mandates to integrate intermittent renewable energy sources like solar and wind into the grid and the growing need to bolster grid resilience against extreme weather and potential disruptions. Along with this, the strong government incentives such as the Inflation Reduction Act, which offers significant tax credits and support to manufacturers are further driving the rapid deployment of BESS solutions. The installation of large-scale energy storage systems in the US is projected to rise significantly throughout 2024, driven primarily by a few leading states.
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List of Players in the Battery Energy Storage System:
- Tesla (US),
- GE Vernova (US),
- Honeywell International Inc. (US),
- Johnson Control (US),
- East Penn Manufacturing Company (US),
- Primus Power Solutions (US),
- The AES Corporation (US),
- KORE Power, Inc. (US), and
- ESS Tech, Inc. (US).
US Battery Energy Storage System Market Segmentation:
Lithium-ion battery segment to dominate the battery type segment of the market during the forecast period.
Lithium-ion batteries will lead the US BESS market with their higher energy density, efficiency, and …