Business Analyst- Battery Market Analyst

UL Solutions; Northbrook (IL); On-site; USD 68,000 - 91,000; Full time

Benefits offered by this job

Annual bonus

Health benefits

Paid time off

Retirement plan

Job summary

UL Solutions is seeking a Business Analyst to partner with Product Managers in developing and executing product and service strategies within the battery and energy storage space. You will manage product roadmaps across key segments, aligning with long-term growth plans and communicating career development needs with your manager.

You will build deep market insights, regionalize data for local dynamics, and support business cases for new services and strategic initiatives.

Qualifications

• Bachelor’s degree in Business, Engineering, Marketing, or related discipline required.
• 3+ years of experience in batteries, energy storage, EV, power systems, electrification, industrial automation, utilities, or adjacent technology markets.
• Experience conducting market research, competitive intelligence, market sizing, and industry trend analysis.
• Ability to manage multiple projects and deliver high-quality work in a fast-paced environment.
• Strong cross-functional collaboration skills.

Responsibilities

• Develop and maintain a deep understanding of the battery and energy storage market to support strategic decision-making.
• Create quarterly market analysis reports and deliver insights to leadership.
• Regionalize market data to inform local competitive dynamics and customer needs.
• Support business cases for new services, standards, and strategic initiatives aligned with segment growth objectives.

Skills

Industry forecasting

TAM/SAM/SOM analysis

Competitive intelligence

Market sizing

Customer segmentation

Regulatory analysis

Energy storage analysis

Market research capabilities

Pricing analysis

Structured materials

Education

Bachelor’s degree

Job description

Description

The Business Analyst will partner with Product Managers to support the development and execution of product and service strategies. This includes maintaining product roadmaps across key segments (e.g., transportation batteries, industrial batteries, industrial e-mobility, hydrogen/fuel cells), aligned to long-term growth plans. They will take ownership of their own career and professional development by documentingand communicatingcareer aspirations and any associated development needs to their manager.

Responsibilities

Market Insight and Business Analysis

The Business Analyst will develop and maintain a deep understanding of the battery and energy storage market to support strategic decision-making. This includes creating quarterly market analysis reports, evaluating market share dynamics, identifying competitive gaps, and delivering insights to leadership that guide growth strategy.

The candidate will regionalize market data to provide actionable insights into local competitive dynamics and customer needs. They will also support the development of business cases for new services, standards, and strategic initiatives, ensuring alignment with segment growth objectives.

Qualifications

Technical Requirements

• Industry forecasting
• TAM/SAM/SOM analysis
• Competitive intelligence
• Market sizing
• Customer segmentation
• Regulatory and policy analysis
• Energy storage ecosystem analysis
• Market research and competitive analysis capabilities
• Financial and pricing analysis fundamentals
• Ability to create clear, structured materials for both technical and commercial audiences

Required Experience

• University Degree (Bachelor’s) in Business, Engineering, Marketing, or related discipline
• 3+ years of experience in batteries, energy storage, EV, power systems, electrification, industrial automation, utilities, or adjacent technology markets.
• Demonstrated experience conducting market research, competitive intelligence, market sizing, and industry trend analysis
• Ability to manage multiple projects and deliver high-quality work in a fast-paced environment
• Strong cross-functional collaboration skills

Preferred Qualifications

• Experience in batteries, energy storage, EV, or industrial markets
• Exposure to standards, certification, or regulated industries
• Experience supporting product management or go-to-market activities
• Familiarity with pricing strategy, customer segmentation, or commercial analytics

Total Rewards: We understand compensation is an important factor as you consider the next step in your career. The estimatedsalary range for this position is $68,300 to $91,000 and is based on multiple factors, including job-related knowledge/skills, experience, geographical location, as well as other factors.This position is eligible for annual bonus compensation with a target payout of 10% of the base salary. This position also provides health benefits such as medical, dental and vision; wellness benefits such as mental and financial health; and retirement savings (401K) commensurate with the standard rewards offered in each individual location or country. We also provide full-time employees with paid time off including vacation (15 days), holiday including floating holidays (12 days) and sick time off (72 hours).