Home » Regional Reports » North America Long Duration Energy Storage Market

North America Long Duration Energy Storage Market

North America Long Duration Energy Storage Market By Technology (Mechanical Storage, Thermal Storage, Electrochemical Storage, Chemical Storage); By Duration (8–24 Hours, 24–36 Hours, 36+ Hours); By Capacity (Up to 50 MW, 50-100 MW, More than 100 MW); By Application (Grid Management, Power Backup, Renewable Energy Integration, Others); By End User (Utilities, Industrial, Residential & Commercial, Transportation & Mobility) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2020-2023
Base Year	2024
Forecast Period	2025-2032
North America Long Duration Energy Storage Market Size 2023	USD 1,495.65 million
North America Long Duration Energy Storage Market, CAGR	13.1%
North America Long Duration Energy Storage Market Size 2032	USD 4,535.81 million

Market Overview:

North America Long Duration Energy Storage Market size was valued at USD 1,495.65 million in 2023 and is anticipated to reach USD 4,535.81 million by 2032, at a CAGR of 13.1% during the forecast period (2023-2032).

Several key factors are driving the adoption of long duration energy storage systems in North America. The escalating penetration of renewable energy sources, such as wind and solar, necessitates efficient storage solutions to manage the intermittent nature of these power sources. This need is further amplified by the growing demand for electric vehicles (EVs) and electrification across various sectors, which intensifies pressure on the grid. Additionally, supportive government policies, including tax incentives and energy storage mandates, are accelerating the deployment of energy storage technologies. Technological advancements in storage systems, coupled with declining costs, further contribute to the market’s growth, making long duration energy storage a viable option for utilities and other stakeholders aiming to achieve decarbonization goals and ensure grid resilience.

North America is anticipated to lead the global long duration energy storage market, driven by the extensive integration of renewable energy sources and the need for grid modernization. The United States, in particular, is at the forefront, with states like California, Texas, and Arizona leading in the deployment of large-scale battery storage systems. For instance, California alone accounted for over 11 gigawatt-hours of battery storage capacity in 2024. This trend is expected to expand as the U.S. government targets carbon-neutrality by 2050, fueling additional investments in energy storage technologies. Federal initiatives, such as the Inflation Reduction Act, have introduced transferable tax credits, providing financial incentives that stimulate investment in clean energy projects, including energy storage solutions. Moreover, the increasing frequency of extreme weather events underscores the importance of resilient energy infrastructure, further propelling the demand for long duration energy storage systems in the region.

Access crucial information at unmatched prices!

Request your sample report today & start making informed decisions powered by Credence Research!

Download Sample

Market Insights:

The North America Long Duration Energy Storage Market was valued at USD 1,495.65 million in 2023 and is projected to grow to USD 4,535.81 million by 2032, driven by a CAGR of 13.1%.

The global Long Duration Energy Storage (LDES) market was valued at USD 4,261.11 million in 2023 and is expected to grow at a CAGR of 13.2%, reaching USD 13,005.91 million by 2032.

The integration of renewable energy sources, such as solar and wind, is a primary driver, as these intermittent sources require advanced storage solutions to stabilize power supply and meet growing energy demands.
Government policies, including tax incentives and energy storage mandates, are accelerating the deployment of LDES technologies, reducing capital costs and encouraging broader adoption across various sectors.
Technological advancements in energy storage systems, including flow batteries, solid-state batteries, and energy management systems, are improving performance, efficiency, and cost-effectiveness, addressing scalability challenges.
Increasing vulnerability to extreme weather events, such as storms and wildfires, highlights the need for resilient energy infrastructure, positioning LDES systems as critical to ensuring long-term grid reliability and energy security.
High initial capital investment and scalability issues of certain technologies, such as flow batteries and compressed air energy storage (CAES), remain challenges, slowing market expansion for some stakeholders.
The evolving regulatory landscape, including inconsistent policies across regions, and the need for greater public awareness of LDES technologies, present ongoing barriers to widespread adoption, requiring more cohesive frameworks and education.

Report scope

This report segments the North America Long Duration Energy Storage Market as follow

Market Drivers:

Increased Integration of Renewable Energy Sources

One of the primary drivers of the North America Long Duration Energy Storage (LDES) market is the rapid expansion of renewable energy sources, particularly wind and solar power. For instance, in December 2023, Form Energy secured a $300 million investment from the California Energy Commission for a 5 MW/500 MWh iron-air battery project, exemplifying support for innovative LDES technologies. As these sources are inherently intermittent, they require advanced storage solutions to ensure a stable and reliable power supply. The integration of LDES technologies helps to mitigate the challenges associated with fluctuating energy production, enabling the storage of surplus power generated during peak production periods for use during times of low generation. This demand for efficient energy storage solutions is growing across North America as more utilities, municipalities, and private sector stakeholders turn to renewable energy as a cornerstone of their energy strategies.

Government Policies and Incentives

Supportive government policies play a crucial role in driving the adoption of LDES solutions in North America. Both federal and state-level initiatives in the United States and Canada are pushing for greater investment in clean energy technologies. For instance, in 2022, Maryland became the first state to offer a state income tax credit for energy storage, providing up to $5,000 for residential and $75,000 for commercial and industrial customers. Programs such as tax incentives, energy storage mandates, and renewable energy credits are directly stimulating market growth. The U.S. government, in particular, has made significant strides with its green energy initiatives, such as the Inflation Reduction Act, which provides tax credits for energy storage and renewable energy projects. These financial incentives reduce the initial capital investment required for LDES systems, making them more accessible to a broader range of commercial, industrial, and residential customers.

Technological Advancements and Cost Reduction

Technological advancements in energy storage systems are significantly enhancing the performance, efficiency, and affordability of LDES solutions. Breakthroughs in battery technologies, such as solid-state batteries, flow batteries, and other long-duration storage methods, are driving cost reductions and improving system lifespans. Additionally, innovations in energy management systems (EMS) and storage integration are enabling more efficient grid operations and seamless integration of LDES technologies with existing energy infrastructures. These advancements are key to addressing the scalability challenges that have historically hindered widespread adoption, ensuring that long-duration storage systems are economically viable and capable of supporting grid reliability.

Need for Grid Resilience and Energy Security

North America’s increasing vulnerability to extreme weather events and natural disasters is a significant driver for the adoption of LDES technologies. As climate change leads to more frequent and severe storms, wildfires, and power outages, there is a growing need for resilient energy infrastructure capable of maintaining continuous power supply during extended disruptions. Long-duration storage systems offer a reliable solution by providing energy backup for longer periods compared to traditional short-duration storage technologies. This capability is critical for maintaining grid stability during emergencies, ensuring that energy supply can be sustained for days or weeks if necessary. As both utilities and governments invest in enhancing grid resilience, the demand for LDES solutions continues to rise, cementing their role in future-proofing North America’s energy infrastructure.

Market Trends:

Emerging Focus on Hybrid Storage Systems

A notable trend in the North American Long Duration Energy Storage (LDES) market is the growing emphasis on hybrid energy storage systems. These systems combine the advantages of various storage technologies, such as lithium-ion batteries, flow batteries, and compressed air energy storage (CAES), to offer a more flexible and efficient solution for energy storage needs. Hybrid systems allow for the blending of short-duration and long-duration storage, optimizing energy storage and discharge cycles to better meet the demands of the grid. As renewable energy adoption grows and energy usage patterns become more complex, hybrid systems are gaining traction for their ability to provide tailored solutions that balance performance, cost, and storage duration.

Increased Investment in Energy Storage Infrastructure

Investments in energy storage infrastructure are witnessing an upward trend across North America, fueled by both public and private sector initiatives. The total investments in energy storage projects have surged, with notable funding directed towards large-scale LDES projects in the United States and Canada. In 2023, the U.S. Department of Energy announced $10 billion in funding aimed at accelerating the deployment of energy storage technologies. This level of investment is helping to reduce the capital barriers that have traditionally hindered the scalability of LDES systems, thus making them more accessible for utilities and independent power producers. As the grid modernization efforts intensify, infrastructure investments will continue to play a crucial role in expanding LDES capacity.

Integration of Artificial Intelligence and Smart Grids

Another key trend influencing the LDES market in North America is the integration of artificial intelligence (AI) and smart grid technologies with energy storage systems. For instance, companies like Stem Inc. and Fluence are deploying AI-powered energy management systems to optimize the operation of distributed battery networks, enabling more accurate forecasting, improved load balancing, and automated decision-making. AI-powered energy management systems are increasingly being deployed to optimize the operation of energy storage systems, enabling more accurate forecasting, improved load balancing, and automated decision-making. This integration enhances the performance of LDES solutions, enabling them to respond dynamically to grid fluctuations and ensure energy is stored and distributed efficiently. Furthermore, AI can help manage the complexities of renewable energy integration, ensuring that energy storage systems can work seamlessly within the broader smart grid infrastructure to support real-time grid operations.

Growing Role of Distributed Energy Resources (DERs)

The role of distributed energy resources (DERs) is becoming more pronounced in the North American LDES market. DERs, including rooftop solar, small-scale wind farms, and battery storage systems, are decentralizing the traditional energy model and offering greater flexibility in energy generation and storage. As utilities and consumers adopt more localized energy solutions, LDES systems are increasingly integrated into these smaller-scale, decentralized energy setups. This shift is particularly evident in residential and commercial sectors, where consumers seek to reduce their reliance on the grid while ensuring a consistent and reliable power supply. For instance, DERs, including rooftop solar, small-scale wind, and battery storage, are being integrated into microgrid “islands” to provide resilience during grid outages, as demonstrated in North Carolina’s deployment of solar and battery storage to supply 48 hours of critical power to government facilities during extreme weather events. The growth of DERs is not only reshaping the energy landscape but also enhancing the demand for long-duration storage solutions that can support these distributed systems over extended periods.

Market Challenges Analysis:

High Initial Capital Investment

One of the key restraints in the North American Long Duration Energy Storage (LDES) market is the high initial capital investment required for the installation of energy storage systems. For example, the U.S. Department of Energy’s 2023 “Pathways to Commercial Liftoff” report notes that inter-day LDES technologies currently have capital costs ranging from $1,100–$1,400 per kW, with multi-day systems as high as $1,900–$2,500 per kW. Despite significant advancements in technology, the upfront costs of LDES solutions remain a considerable barrier for many utilities, businesses, and residential customers. While the long-term benefits, such as cost savings on energy bills and improved grid resilience, are clear, the initial investment required for large-scale installations can be a deterrent. This challenge is particularly pronounced for smaller organizations or regions with limited financial resources, which may delay the adoption of LDES technologies.

Technological Limitations and Scalability Issues

Another significant challenge facing the LDES market is the technological limitations of certain storage solutions and issues related to scalability. While significant strides have been made in the development of long-duration storage systems, many technologies are still in the early stages of commercialization. Some technologies, such as flow batteries or compressed air energy storage (CAES), face hurdles related to energy efficiency, lifespan, and storage capacity. Additionally, scaling these systems to meet the growing energy demands of large cities or regions can present significant engineering and logistical challenges, limiting their widespread adoption and implementation.

Regulatory and Policy Barriers

The regulatory environment poses another challenge for the growth of the LDES market in North America. While government incentives, such as tax credits and renewable energy mandates, support the adoption of energy storage, inconsistent policies across states and regions can create uncertainty for investors and companies in the market. The lack of a unified framework for energy storage in some areas can hinder investment and slow the pace of innovation. Additionally, permitting and interconnection processes for new storage systems can be time-consuming and complex, further delaying the deployment of LDES solutions.

Public Perception and Awareness

Public perception and awareness of long-duration energy storage technologies also present a challenge. Despite the growing interest in renewable energy and storage solutions, many consumers and businesses remain unaware of the benefits and potential of LDES systems. Misconceptions about the reliability, cost-effectiveness, and environmental impact of certain storage technologies can contribute to hesitancy in adoption. Educating stakeholders on the long-term advantages and sustainability of LDES technologies will be crucial in overcoming this challenge and driving market growth.

Market Opportunities:

One of the most significant opportunities in the North American Long Duration Energy Storage (LDES) market lies in the growing demand for renewable energy integration. As the region continues to increase its renewable energy capacity, driven by federal and state-level sustainability initiatives, the need for reliable storage solutions to manage intermittency becomes more pressing. Long-duration storage systems can store excess energy generated during peak renewable production periods, such as during the day for solar or during windy conditions for wind power, ensuring that this energy is available when demand peaks or generation is low. This integration opportunity offers substantial growth potential for LDES technologies, particularly as North America aims to achieve ambitious decarbonization goals.

Another major opportunity for the LDES market in North America is the strong support from government policies and growing investments in clean energy technologies. With increasing focus on energy resilience, grid modernization, and carbon-neutral targets, governments in the U.S. and Canada are ramping up their funding for energy storage projects. The Inflation Reduction Act in the U.S., which includes provisions for energy storage tax credits, and similar initiatives in Canada, provide a solid foundation for market expansion. Additionally, growing private sector investment in energy storage infrastructure and partnerships between utilities, technology providers, and research institutions are creating a favorable environment for LDES solutions. These factors open up significant growth avenues, especially in commercial, industrial, and utility-scale storage applications, allowing LDES to become a key enabler of a cleaner, more resilient energy future.

Market Segmentation Analysis:

By Technology

The North American Long Duration Energy Storage (LDES) market is divided into four primary technologies: Mechanical Storage, Thermal Storage, Electrochemical Storage, and Chemical Storage. Mechanical storage, including pumped hydro and compressed air energy storage (CAES), is well-established and provides large-scale storage solutions. Thermal storage systems store energy as heat and release it when required, offering an efficient solution for specific industrial and utility applications. Electrochemical storage, primarily driven by flow batteries and advanced lithium-ion technologies, is gaining traction due to its ability to store energy for long durations. Chemical storage, which involves chemical reactions to store and release energy, remains in its early stages but holds potential for specific high-capacity applications.

By Duration

The market is segmented by the duration of energy storage, with systems categorized into three groups: 8–24 hours, 24–36 hours, and more than 36 hours. The 8–24-hour category dominates, as it is optimal for balancing daily fluctuations in renewable energy generation. Systems in the 24–36 hour and more than 36-hour categories are growing as utilities and large-scale industrial users seek solutions to address longer energy storage needs, especially for grid resilience during extended outages or low-generation periods.

By Capacity

LDES systems are also classified by capacity into three ranges: Up to 50 MW, 50-100 MW, and more than 100 MW. Systems up to 50 MW are widely used for smaller-scale applications, including residential and commercial uses. The 50-100 MW range is growing rapidly, driven by the need for larger utility-scale projects. Systems above 100 MW are typically deployed in grid management and large-scale energy storage projects.

By Application

Key applications of LDES systems include Grid Management, Power Backup, Renewable Energy Integration, and others. The integration of renewable energy is a primary driver, as LDES helps to stabilize the grid by storing excess renewable energy. Power backup applications, particularly for critical infrastructure, are also gaining importance.

By End User

The end-user segment includes Utilities, Industrial, Residential & Commercial, and Transportation & Mobility sectors. Utilities are the largest end-users, driven by the need for grid stability and renewable energy integration. The industrial sector is increasingly adopting LDES for its large-scale energy storage needs, while residential and commercial adoption is growing as energy costs rise. Transportation & Mobility is an emerging sector, particularly with the integration of LDES for electric vehicle charging stations and other mobility-related applications.

Shape Your Report to Specific Countries or Regions & Enjoy 30% Off!

Customize Now

Segmentation:

By Technology

Mechanical Storage
Thermal Storage
Electrochemical Storage
Chemical Storage

By Duration

8–24 Hours
24–36 Hours
36 Hours

By Capacity

Up to 50 MW
50-100 MW
More than 100 MW

By Application

Grid Management
Power Backup
Renewable Energy Integration
Others

By End User

Utilities
Industrial
Residential & Commercial
Transportation & Mobility

Regional Analysis:

The North American Long Duration Energy Storage (LDES) market is primarily driven by the United States and Canada, with both countries contributing significantly to the region’s market growth. As renewable energy adoption accelerates and grid resilience becomes a priority, both countries are actively investing in LDES technologies to support the growing energy demands and renewable energy integration. The market’s growth is underpinned by supportive government policies, technological advancements, and increasing investments in energy storage infrastructure.

United States

The United States holds the largest market share in North America, accounting for approximately 80% of the region’s total LDES market share. The U.S. is at the forefront of energy storage deployment, with several states, including California, Texas, and New York, leading the charge in large-scale energy storage projects. Federal initiatives, such as the Inflation Reduction Act, have provided tax incentives for energy storage solutions, which have further spurred market growth. The increasing penetration of renewable energy sources, such as wind and solar, has made LDES solutions a critical component of grid management, especially as the need to balance intermittent energy sources grows. The U.S. also benefits from a robust infrastructure for energy storage, with numerous pilot projects, research initiatives, and partnerships between private and public entities further driving the adoption of LDES systems.

Canada

Canada holds a smaller yet rapidly growing share of the LDES market in North America, accounting for around 15% of the regional market share. The country’s emphasis on reducing its carbon footprint, along with its commitment to achieving net-zero emissions by 2050, drives its increasing adoption of renewable energy and energy storage technologies. Canada’s provincial governments, particularly in areas such as Ontario and Quebec, are actively supporting the development of LDES systems, with several large-scale storage projects underway. Moreover, Canada’s abundant hydroelectric resources provide a strong foundation for the adoption of mechanical storage systems, such as pumped hydro storage, which are well-suited to complement its existing renewable energy infrastructure.

Mexico

Mexico, while still in the early stages of developing its long duration energy storage capabilities, presents a growing opportunity for the LDES market. The country is investing in grid modernization and increasing its renewable energy generation capacity, which will likely drive demand for energy storage solutions in the coming years. Mexico’s market share in the North American LDES market is currently estimated at around 5%, but it is expected to grow steadily as government initiatives, such as the Energía Limpia (Clean Energy) Program, promote the transition to renewable energy sources.

Key Player Analysis:

Primus Power
ESS Tech, Inc.
Eos Energy Enterprises
Malta Inc.
QuantumScape Battery, Inc.
Alsym Energy Inc.
Rondo Energy, Inc.
Form Energy
Energy Vault
VionX Energy
Parker Hannifin
Catherine Energy

Competitive Analysis:

The North America Long Duration Energy Storage (LDES) market is highly competitive, with key players ranging from established energy storage solution providers to emerging technology developers. Prominent companies such as Tesla, Fluence, and AES Energy Storage lead the market, focusing on large-scale storage systems and innovative technologies like lithium-ion and flow batteries. These companies benefit from strong financial backing, extensive industry expertise, and strategic partnerships with utilities and governments. Additionally, companies like LG Chem, Panasonic, and Energy Vault are actively investing in next-generation LDES solutions, with a focus on improving storage capacity, efficiency, and cost-effectiveness. The market also sees increased involvement from startups and research institutions developing alternative storage technologies, such as compressed air energy storage (CAES) and thermal storage. These players aim to address specific industry needs and offer scalable solutions. Competitive pressures are driving continuous innovation, with companies focusing on expanding their technological capabilities and enhancing integration with renewable energy systems.

Recent Developments:

In October 2024, Form Energy, a leading innovator in iron-air battery technology, secured $405 million in funding to accelerate manufacturing at its West Virginia facility and advance research and development. This significant investment round, led by T. Rowe Price with participation from GE Vernova and several venture capital firms, is aimed at supporting the deployment of Form Energy’s long duration batteries, which can store energy for up to 100 hours. The goal is to stabilize energy grids and reduce carbon emissions across North America, highlighting the company’s commitment to advancing long-duration energy storage solutions for renewable integration.
In December 2024, Eos Energy Enterprises Inc., a US-based battery manufacturer, announced a partnership with FlexGen Power Systems LLC to develop a fully integrated stationary storage solution. This collaboration is designed to enhance the efficiency and deployment of long-duration energy storage applications, supporting the growing demand for reliable and sustainable energy storage across North America.
In June 2024, the Governor of New York City announced an allocation of over $5 million for long duration energy storage projects through New York State’s Renewable Optimization and Energy Storage Innovation Program. This initiative is intended to boost the development and deployment of advanced storage solutions, reinforcing New York’s leadership in clean energy and grid modernization efforts.

Market Concentration & Characteristics:

The North America Long Duration Energy Storage (LDES) market exhibits moderate concentration, with a mix of established players and emerging startups competing for market share. Major players, such as Tesla, Fluence, AES Energy Storage, and LG Chem, dominate the market, accounting for a significant portion of the overall capacity deployed. These companies have strong financial resources, extensive technological expertise, and strategic partnerships with utilities and government agencies, which help them maintain a competitive edge. The market is characterized by rapid technological innovation and a focus on efficiency improvements, cost reductions, and scalability of energy storage systems. Companies are investing in research and development to enhance the performance of storage technologies like flow batteries, lithium-ion batteries, and compressed air energy storage (CAES). Additionally, the growing demand for renewable energy integration and grid modernization is creating opportunities for both large-scale deployments and decentralized energy storage solutions, fueling further competition and market fragmentation.

Report Coverage:

The research report offers an in-depth analysis based on Technology, Duration, Capacity, Application and End User. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook:

The North America LDES market is projected to continue growing as renewable energy adoption accelerates, with significant demand for reliable storage solutions.
Government incentives and tax credits will play a pivotal role in driving further investments in long-duration storage technologies.
Technological advancements will lead to more efficient, scalable, and cost-effective storage systems, expanding market applications.
The demand for grid resilience will increase, spurring the need for extended-duration storage solutions to support emergency backup and reliability.
Large-scale LDES projects, particularly in the U.S., will see higher adoption rates, with focus on utility-scale energy storage.
The shift toward decentralized energy models will create growth opportunities for smaller-scale LDES solutions, particularly in residential and commercial sectors.
Rising energy costs and power outages will push industrial and commercial users to adopt LDES to enhance operational continuity.
New entrants and startups in LDES technologies will drive innovation, offering diverse solutions for specific market needs.
Partnerships between energy storage companies, utilities, and governments will accelerate the development and deployment of energy storage projects.
North America will maintain its leadership in the global LDES market, with strong regulatory support and a focus on achieving carbon-neutral targets by 2050.

CHAPTER NO. 1 : INTRODUCTION 19

1.1.1. Report Description 19

Purpose of the Report 19

USP & Key Technology 19

1.1.2. Key Benefits for Stakeholders 19

1.1.3. Target Audience 20

1.1.4. Report Scope 20

CHAPTER NO. 2 : EXECUTIVE SUMMARY 21

2.1. Long Duration Energy Storage Market Snapshot 21

2.1.1. North America Long Duration Energy Storage Market, 2018 – 2032 (USD Million) 22

CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 23

3.1. Russia-Ukraine and Israel-Palestine War Impacts 23

CHAPTER NO. 4 : LONG DURATION ENERGY STORAGE MARKET – INDUSTRY ANALYSIS 24

4.1. Introduction 24

4.2. Market Drivers 25

4.2.1. Driving Factor 1 Analysis 25

4.2.2. Driving Factor 2 Analysis 26

4.3. Market Restraints 27

4.3.1. Restraining Factor Analysis 27

4.4. Market Opportunities 28

4.4.1. Market Opportunities Analysis 28

4.5. Porter’s Five Force analysis 29

4.6. Value Chain Analysis 30

4.7. Buying Criteria 31

CHAPTER NO. 5 : ANALYSIS COMPETITIVE LANDSCAPE 32

5.1. Company Market Share Analysis – 2023 32

5.1.1. North America Long Duration Energy Storage Market: Company Market Share, by Revenue, 2023 32

5.1.2. North America Long Duration Energy Storage Market: Top 6 Company Market Share, by Revenue, 2023 32

5.1.3. North America Long Duration Energy Storage Market: Top 3 Company Market Share, by Revenue, 2023 33

5.2. North America Long Duration Energy Storage Market Company Revenue Market Share, 2023 34

5.3. Company Assessment Metrics, 2023 35

5.3.1. Stars 35

5.3.2. Emerging Leaders 35

5.3.3. Pervasive Players 35

5.3.4. Participants 35

5.4. Start-ups /Code Assessment Metrics, 2023 35

5.4.1. Progressive Companies 35

5.4.2. Responsive Companies 35

5.4.3. Dynamic Companies 35

5.4.4. Starting Blocks 35

5.5. Strategic Developments 36

5.5.1. Acquisition & Mergers 36

New Product Launch 36

Regional Expansion 36

5.6. Key Players Product Matrix 37

CHAPTER NO. 6 : PESTEL & ADJACENT MARKET ANALYSIS 38

6.1. PESTEL 38

6.1.1. Political Factors 38

6.1.2. Economic Factors 38

6.1.3. Social Factors 38

6.1.4. Technological Factors 38

6.1.5. Environmental Factors 38

6.1.6. Legal Factors 38

6.2. Adjacent Market Analysis 38

CHAPTER NO. 7 : LONG DURATION ENERGY STORAGE MARKET – BY TECHNOLOGY SEGMENT ANALYSIS 39

7.1. Long Duration Energy Storage Market Overview, by Technology Segment 39

7.1.1. Long Duration Energy Storage Market Revenue Share, By Technology, 2023 & 2032 40

7.1.2. Long Duration Energy Storage Market Attractiveness Analysis, By Technology 41

7.1.3. Incremental Revenue Growth Opportunities, by Technology, 2024 – 2032 41

7.1.4. Long Duration Energy Storage Market Revenue, By Technology, 2018, 2023, 2027 & 2032 42

7.2. Mechanical Storage 43

7.3. Thermal Storage 44

7.4. Electrochemical Storage 45

7.5. Chemical Storage 46

CHAPTER NO. 8 : LONG DURATION ENERGY STORAGE MARKET – BY DURATION SEGMENT ANALYSIS 47

8.1. Long Duration Energy Storage Market Overview, by Duration Segment 47

8.1.1. Long Duration Energy Storage Market Revenue Share, By Duration, 2023 & 2032 48

8.1.2. Long Duration Energy Storage Market Attractiveness Analysis, By Duration 49

8.1.3. Incremental Revenue Growth Opportunities, by Duration, 2024 – 2032 49

8.1.4. Long Duration Energy Storage Market Revenue, By Duration, 2018, 2023, 2027 & 2032 50

8.2. 8-24 Hours 51

8.3. > 24-36 Hours 52

8.4. > 36 Hours 53

CHAPTER NO. 9 : LONG DURATION ENERGY STORAGE MARKET – BY APPLICATION SEGMENT ANALYSIS 54

9.1. Long Duration Energy Storage Market Overview, by Application Segment 54

9.1.1. Long Duration Energy Storage Market Revenue Share, By Application, 2023 & 2032 55

9.1.2. Long Duration Energy Storage Market Attractiveness Analysis, By Application 56

9.1.3. Incremental Revenue Growth Opportunities, by Application, 2024 – 2032 56

9.1.4. Long Duration Energy Storage Market Revenue, By Application, 2018, 2023, 2027 & 2032 57

9.2. Grid Management 58

9.3. Power Backup 59

9.4. Renewable Energy Integration 60

9.5. Others 61

CHAPTER NO. 10 : LONG DURATION ENERGY STORAGE MARKET – BY END USER SEGMENT ANALYSIS 62

10.1. Long Duration Energy Storage Market Overview, by End User Segment 62

10.1.1. Long Duration Energy Storage Market Revenue Share, By End User, 2023 & 2032 63

10.1.2. Long Duration Energy Storage Market Attractiveness Analysis, By End User 64

10.1.3. Incremental Revenue Growth Opportunities, by End User, 2024 – 2032 64

10.1.4. Long Duration Energy Storage Market Revenue, By End User, 2018, 2023, 2027 & 2032 65

10.2. Utilities 66

10.3. Industrial 67

10.4. Residential & Commercial 68

10.5. Transportation & Mobility 69

CHAPTER NO. 11 : LONG DURATION ENERGY STORAGE MARKET – NORTH AMERICA 70

11.1. North America 70

11.1.1. Key Highlights 70

11.1.2. North America Long Duration Energy Storage Market Revenue, By Country, 2018 – 2023 (USD Million) 71

11.2. Technology 72

11.3. North America Long Duration Energy Storage Market Revenue, By Technology, 2018 – 2023 (USD Million) 72

11.4. North America Long Duration Energy Storage Market Revenue, By Technology, 2024 – 2032 (USD Million) 72

11.5. Duration 73

11.6. North America Long Duration Energy Storage Market Revenue, By Duration, 2018 – 2023 (USD Million) 73

11.6.1. North America Long Duration Energy Storage Market Revenue, By Duration, 2024 – 2032 (USD Million) 73

11.7. Capacity 74

11.8. North America Long Duration Energy Storage Market Revenue, By Capacity, 2018 – 2023 (USD Million) 74

11.8.1. North America Long Duration Energy Storage Market Revenue, By Capacity, 2024 – 2032 (USD Million) 74

11.9. Application 75

11.10. North America Long Duration Energy Storage Market Revenue, By Application, 2018 – 2023 (USD Million) 75

11.10.1. North America Long Duration Energy Storage Market Revenue, By Application, 2024 – 2032 (USD Million) 75

11.11. End User 76

11.11.1. North America Long Duration Energy Storage Market Revenue, By End User, 2018 – 2023 (USD Million) 76

11.11.2. North America Long Duration Energy Storage Market Revenue, By End User, 2024 – 2032 (USD Million) 76

11.12. U.S. 77

11.13. Canada 77

11.14. Mexico 77

CHAPTER NO. 12 : COMPANY PROFILES 78

12.1. Primus Power 78

12.1.1. Company Overview 78

12.1.2. Product Portfolio 78

12.1.3. Swot Analysis 78

12.1.4. Business Strategy 79

12.1.5. Financial Overview 79

12.2. ESS Tech, Inc 80

12.3. Eos Energy Enterprises 80

12.4. Malta Inc. 80

12.5. QuantumScape Battery, Inc. 80

12.6. Alsym Energy Inc. 80

12.7. Rondo Energy, Inc. 80

12.8. Form Energy 80

12.9. Energy Vault 80

12.10. VionX Energy 80

12.11. Parker Hannifin 80

12.12. Catherine Energy 80

12.13. Company 13 80

12.14. Company 14 80

12.15. Company 15 80

12.16. Others 80

List of Figures

FIG NO. 1. North America Long Duration Energy Storage Market Revenue, 2018 – 2032 (USD Million) 28

FIG NO. 2. Porter’s Five Forces Analysis for North America Long Duration Energy Storage Market 35

FIG NO. 3. Value Chain Analysis for North America Long Duration Energy Storage Market 36

FIG NO. 4. Company Share Analysis, 2023 38

FIG NO. 5. Company Share Analysis, 2023 38

FIG NO. 6. Company Share Analysis, 2023 39

FIG NO. 7. Long Duration Energy Storage Market – Company Revenue Market Share, 2023 40

FIG NO. 8. Long Duration Energy Storage Market Revenue Share, By Technology, 2023 & 2032 46

FIG NO. 9. Market Attractiveness Analysis, By Technology 47

FIG NO. 10. Incremental Revenue Growth Opportunities by Technology, 2024 – 2032 47

FIG NO. 11. Long Duration Energy Storage Market Revenue, By Technology, 2018, 2023, 2027 & 2032 48

FIG NO. 12. North America Long Duration Energy Storage Market for Mechanical Storage, Revenue (USD Million) 2018 – 2032 49

FIG NO. 13. North America Long Duration Energy Storage Market for Thermal Storage, Revenue (USD Million) 2018 – 2032 50

FIG NO. 14. North America Long Duration Energy Storage Market for Electrochemical Storage, Revenue (USD Million) 2018 – 2032 51

FIG NO. 15. North America Long Duration Energy Storage Market for Chemical Storage, Revenue (USD Million) 2018 – 2032 52

FIG NO. 16. Long Duration Energy Storage Market Revenue Share, By Duration, 2023 & 2032 54

FIG NO. 17. Market Attractiveness Analysis, By Duration 55

FIG NO. 18. Incremental Revenue Growth Opportunities by Duration, 2024 – 2032 55

FIG NO. 19. Long Duration Energy Storage Market Revenue, By Duration, 2018, 2023, 2027 & 2032 56

FIG NO. 20. North America Long Duration Energy Storage Market for 8-24 Hours, Revenue (USD Million) 2018 – 2032 57

FIG NO. 21. North America Long Duration Energy Storage Market for > 24-36 Hours, Revenue (USD Million) 2018 – 2032 58

FIG NO. 22. North America Long Duration Energy Storage Market for > 36 Hours, Revenue (USD Million) 2018 – 2032 59

FIG NO. 23. Long Duration Energy Storage Market Revenue Share, By Application, 2023 & 2032 61

FIG NO. 24. Market Attractiveness Analysis, By Application 62

FIG NO. 25. Incremental Revenue Growth Opportunities by Application, 2024 – 2032 62

FIG NO. 26. Long Duration Energy Storage Market Revenue, By Application, 2018, 2023, 2027 & 2032 63

FIG NO. 27. North America Long Duration Energy Storage Market for Grid Management, Revenue (USD Million) 2018 – 2032 64

FIG NO. 28. North America Long Duration Energy Storage Market for Power Backup, Revenue (USD Million) 2018 – 2032 65

FIG NO. 29. North America Long Duration Energy Storage Market for Renewable Energy Integration, Revenue (USD Million) 2018 – 2032 66

FIG NO. 30. North America Long Duration Energy Storage Market for Others, Revenue (USD Million) 2018 – 2032 67

FIG NO. 31. Long Duration Energy Storage Market Revenue Share, By End User, 2023 & 2032 69

FIG NO. 32. Market Attractiveness Analysis, By End User 70

FIG NO. 33. Incremental Revenue Growth Opportunities by End User, 2024 – 2032 70

FIG NO. 34. Long Duration Energy Storage Market Revenue, By End User, 2018, 2023, 2027 & 2032 71

FIG NO. 35. North America Long Duration Energy Storage Market for Utilities, Revenue (USD Million) 2018 – 2032 72

FIG NO. 36. North America Long Duration Energy Storage Market for Industrial, Revenue (USD Million) 2018 – 2032 73

FIG NO. 37. North America Long Duration Energy Storage Market for Residential & Commercial, Revenue (USD Million) 2018 – 2032 74

FIG NO. 38. North America Long Duration Energy Storage Market for Transportation & Mobility, Revenue (USD Million) 2018 – 2032 75

FIG NO. 39. North America Long Duration Energy Storage Market Revenue, 2018 – 2032 (USD Million) 76

List of Tables

TABLE NO. 1. : North America Long Duration Energy Storage Market: Snapshots 22

TABLE NO. 2. : Drivers for the Long Duration Energy Storage Market: Impact Analysis 26

TABLE NO. 3. : Restraints for the Long Duration Energy Storage Market: Impact Analysis 28

TABLE NO. 4. : North America Long Duration Energy Storage Market Revenue, By Country, 2018 – 2023 (USD Million) 72

TABLE NO. 5. : North America Long Duration Energy Storage Market Revenue, By Country, 2024 – 2032 (USD Million) 72

TABLE NO. 6. : North America Long Duration Energy Storage Market Revenue, By Technology, 2018 – 2023 (USD Million) 73

TABLE NO. 7. : North America Long Duration Energy Storage Market Revenue, By Technology, 2024 – 2032 (USD Million) 73

TABLE NO. 8. : North America Long Duration Energy Storage Market Revenue, By Duration, 2018 – 2023 (USD Million) 74

TABLE NO. 9. : North America Long Duration Energy Storage Market Revenue, By Duration, 2024 – 2032 (USD Million) 74

TABLE NO. 10. : North America Long Duration Energy Storage Market Revenue, By Capacity, 2018 – 2023 (USD Million) 75

TABLE NO. 11. : North America Long Duration Energy Storage Market Revenue, By Capacity, 2024 – 2032 (USD Million) 75

TABLE NO. 12. : North America Long Duration Energy Storage Market Revenue, By Application, 2018 – 2023 (USD Million) 76

TABLE NO. 13. : North America Long Duration Energy Storage Market Revenue, By Application, 2024 – 2032 (USD Million) 76

TABLE NO. 14. : North America Long Duration Energy Storage Market Revenue, By End User, 2018 – 2023 (USD Million) 77

TABLE NO. 15. : North America Long Duration Energy Storage Market Revenue, By End User, 2024 – 2032 (USD Million) 77

Frequently Asked Questions

What is the current size of the North America Long Duration Energy Storage Market?

The North America Long Duration Energy Storage Market was valued at USD 1,495.65 million in 2023 and is anticipated to reach USD 4,535.81 million by 2032, growing at a CAGR of 13.1% during the forecast period (2023-2032).

What factors are driving the growth of the North America Long Duration Energy Storage Market?

The growth is driven by the increasing integration of renewable energy sources, the demand for electric vehicles, government incentives, and advancements in energy storage technology that help manage intermittent energy production and enhance grid resilience.

What are the key segments within the North America Long Duration Energy Storage Market?

Key segments include technology (mechanical, thermal, electrochemical, and chemical storage), storage duration (8–24 hours, 24–36 hours, more than 36 hours), capacity (up to 50 MW, 50–100 MW, more than 100 MW), applications (grid management, renewable energy integration), and end users (utilities, industrial, residential, transportation).

Who are the major players in the North America Long Duration Energy Storage Market?

Major players include Tesla, Fluence, AES Energy Storage, LG Chem, Panasonic, and Energy Vault, along with emerging companies focused on developing new storage technologies and solutions.

Purchase Options

Single User

$3699

Multi User

$4699

Custom Report

$6699

Let us help you

MIKE, North America

+1 304 308 1216

KEITH PHILLIPS, Europe

+44 7809 866 263

EMAIL US

Request Sample

Report delivery within 24 to 48 hours

– Other Info –

–What people say?-

I am very impressed with the information in this report. The author clearly did their research when they came up with this product and it has already given me a lot of ideas.

Jana Schmidt
CEDAR CX Technologies

– Connect with us –