U.S. Energy Storage Market to exceed USD 4 bn by 2024 | GE Power, ABB, SolarEdge, Tesla, EDF Renewable Energy, Duke Energy, E.ON, East Penn Manufacturing, LG Chem, Johnson Controls, Invenergy, Fluence Energy

Market Study Report LLC adds 2018-2024 U.S. Energy Storage Market report that offers an exhaustive coverage of the industry with brief analysis, data charts, figures, statistics that help take business decisions, company profiles and more.

The U.S. lithium ion energy storage market is set to grow on account of constantly declining technology costs primarily driven by economies of scale in manufacturing. Li-ion batteries find use across numerous applications comprising frequency regulation, residential solar storage and E-V charging stations amongst others. High energy density and appreciable coulombic efficiency are some of the primary features that will persistently fuel the product deployment over its available conventional alternatives.

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Growing penetration of intermittent renewable power into the grid coupled with favorable policies and monetary support for energy storage will drive the U.S. residential energy storage market. Hawaii and California together account for a significant share of total residential energy storage across the country with fresh participation expected from Massachusetts and Arizona in the coming years. Reduction in net metering compensation along with introduction of time of use tariffs by utilities will further stimulate the industry growth.

U.S. Energy Storage Market is anticipated to surpass USD 4 billion by 2024. Rising regulatory focus toward limiting carbon emissions while adding new capacities of renewable generation to the grid will boost the U.S. energy storage market growth. Key states including New York, Massachusetts, Oregon and California have adopted plans to integrate large scale energy storage systems to the grid. In June 2018, the government of New York introduced state?s energy storage roadmap with a deployment target of 1,500 MW of energy storage by 2025.

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Utility energy storage market is predicted to surpass USD 1.5 billion by 2024. Growing significance of grid stability, with the implementation of sustainability, resilience, and efficiency will positively influence the industry growth. Aging grid infrastructure and rising concerns over climate change will further fuel the business growth.

Growing integration of intermittent energy from renewable sources into the national grid will elevate the necessity of adoption of energy storage systems essential for grid stability, which in turn will augment the U.S. energy storage market.

Major companies participating actively in the U.S. energy storage industry include ABB, SolarEdge, Tesla, EDF Renewable Energy, Duke Energy, E.ON, East Penn Manufacturing, LG Chem, Johnson Controls, Invenergy, GE Power, Fluence Energy, and EnerVault amongst others.

Table of Content:

Chapter 1 Methodology & Scope

1.1 Methodology

1.2 Market definitions

1.3 Market estimation and forecast parameters

1.4 Data Sources

1.4.1 Primary

1.4.2 Secondary

1.4.2.1 Paid sources

1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 U.S. Energy storage market 360 degree synopsis, 2013 - 2024

2.1.1 Business trends

2.1.2 Deployment trends

2.1.3 Technology trends

2.1.4 Regional trends

2.1.4.1 Central and Midwest

2.1.4.2 Northeast

2.1.4.3 Northwest

2.1.4.4 Southeast

2.1.4.5 Southwest

Chapter 3 U.S. Energy Storage Industry Insights

3.1 Industry segmentation

3.2 Industry landscape, 2013 - 2024 (USD Million)

3.3 Industry ecosystem analysis

3.3.1 Energy Storage Value Chain

3.3.1.1.1.1 Upstream

3.3.1.1.1.2 Downstream

3.3.2 Vendor Matrix

3.4 Regulatory landscape

3.4.1 Timeline of FERC ORDERS

3.4.2 Energy Storage Policies/Regulation, by Regional Transmission Organization (RTO/ISOs)

3.4.2.1 California ISO (CAISO)

3.4.2.1.1 California Energy Storage Legislation and Milestones

3.4.2.2 Electric Reliability Council of Texas (ERCOT)

3.4.2.3 Midcontinent Independent System Operator (MISO)

3.4.2.4 PJM Interconnection

3.4.2.5 New York Independent System Operator (NYISO)

3.5 Market and Regulatory Barriers to Energy Storage Deployment

3.6 Energy storage attractiveness

3.7 Energy storage by application

3.7.1 Generation & System-Level Applications

3.7.2 T&D System Applications

3.7.3 End-User Applications

3.8 Applications Served by U.S. Large-Scale Battery Storage (2016)

3.9 U.S. Large-Scale Battery Storage Capacity by Region (2003-2017)

3.10 Innovation & sustainability

3.10.1 E. ON

3.10.2 ABB

3.10.3 GE Power

3.10.4 Sunrun

3.10.5 Other Innovations

3.11 Price trend analysis

3.12 Industry impact forces

3.12.1 Growth drivers

3.12.1.1.1.1 Declining costs of components

3.12.1.1.1.2 Increasing risks of grid disruption

3.12.1.1.1.3 Growing share of renewables

3.12.1.1.1.4 Favorable policy framework

3.12.1.1.1.4.1 Procurement mandates/targets

3.12.1.1.1.4.2 Incentive programs

3.12.1.1.1.4.3 Clean energy standards

3.12.1 Industry pitfalls & challenges

3.12.1.1 Regulatory uncertainty

3.13 Growth potential analysis

3.14 Porter's Analysis

3.15 Competitive landscape, 2017

3.15.1 Strategy dashboard

3.15.1.1 Tesla

3.15.1.2 LG Chem

3.15.1.3 Fluence Energy

3.15.1.4 E. ON

3.16 PESTEL analysis

Chapter 4 U.S. Energy Storage Market, By Deployment

4.1 U.S. Energy storage market share by deployment, 2017 & 2024

4.2 Residential

4.2.1 U.S. market from residential, 2013 – 2024

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