Battery energy storage industry research report

North America represents a crucial market for the sodium-ion battery energy storage system market, driven by ambitious renewable energy targets and substantial investments in grid modernization initiatives. The region, comprising the United States and Canada, demonstrates a. The United States dominates the North American market, holding approximately 65% BESS market share in 2024. The country's leadership. The United States is projected to maintain its position as the fastest-growing market in North America, with an expected growth rate of approximately 17% from 2024 to 2029. This growth is driven by increasing renewable energy. Germany emerges as the largest market in Europe, commanding approximately 40% of the regional BESS market share in 2024. The country's leadership is underpinned by its. Europe demonstrates a strong commitment to the sodium-ion battery energy storage system market as part of its broader energy transition strategy. The region, encompassing key markets like Germany, France.