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CANADA BATTERY MARKET FORECAST 2022-2028

The Canada battery market is set to progress with a CAGR of 18.13% across the forecasting years, reaching a revenue share of $6770.67 million by 2028. While the base year considered for the market studied is 2021, the forecasted period is from 2022 to 2028.

CANADA BATTERY MARKET FORECAST 2022-2028

Canada Battery Market by Type (Primary Battery, Secondary Battery) Market by Technology (Lead-acid Battery, Lithium-ion Battery, Nickel-cadmium Battery, Nickel Metal Hydride Battery, Nickel-zinc Battery, Flow Battery, Sodium-sulfur Battery, Zinc-manganese Dioxide Battery, Small Sealed Lead-acid Battery, Other Batteries) Market by Application (Automotive Batteries, Industrial Batteries, Portable Batteries, Power Tools Batteries, Sli Batteries, Other Applications)

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The Canada battery market is set to progress with a CAGR of 18.13% across the forecasting years, reaching a revenue share of $6770.67 million by 2028. While the base year considered for the market studied is 2021, the forecasted period is from 2022 to 2028.

The country’s market growth is primarily reinforced by the strategic initiatives undertaken by key market players and the increasing sales of consumer electronics.

Canada Battery Market

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An electric battery is characterized as an electric power source consisting of one or more than one electrochemical cells. Besides, it has external connections for powering electrical devices, as well. An electric battery also stores chemical energy, subsequently converting it into electrical energy. Moreover, chemical reactions within batteries comprise the electron flow from one electrode to another by means of an external circuit.

Key players operating in Canada’s battery market are undertaking a wide range of strategic initiatives in the country. These include joint ventures, investments, partnerships, and others, expected to facilitate the growth of the battery market in Canada during the forecast period. For instance, Stellantis, a United States-European automaker, announced its partnership with LG Energy Solution in 2022. The partnership aims to manufacture batteries for electric vehicles at a new Canadian plant.

Furthermore, the joint venture has also earmarked more than $4 billion for the construction of the facility in Windsor, Ontario. The facility will be responsible for supplying batteries for a substantial proportion of electric vehicle manufacturing of Stellantis in North America. Hence, these factors are set to augment the market growth in Canada over the forecasted years.

The Canada battery market is segmented into type, technology, and application. The technology segment is further categorized into nickel-zinc (NiZn) battery, lead-acid battery, lithium-ion battery, sodium-sulfur (NAS) battery, nickel-cadmium (NiCD) battery, zinc-manganese dioxide battery, flow battery, nickel-metal hydride (NiMH) battery, small sealed lead-acid battery, and other technologies. Nickel-metal hydride battery is a rechargeable battery, typically used in the majority of laptop computers, as well as in mobile phones, camcorders, and various other electronic devices.

On the other hand, small sealed lead acid batteries are a widely utilized class of storage batteries, reputed for their broad range of applications. These mainly include medical devices, uninterrupted power supplies, telecommunications, and automotive. The growth in applications, as well as end-users, is expected to further proliferate the adoption of small sealed lead-acid batteries. For instance, the total size of the market for uninterruptible power supply batteries globally is anticipated to increase to approximately $1475.7 million by 2028, from $695.6 million in 2020.

Some of the leading companies operating in the Canada battery market include Surrette Battery Company Ltd, CBC Crown Battery Canada, Canadian Energy Laval, etc.

Crown Battery Manufacturing Company, headquartered in the United States, manufactures different types of chargers, batteries, and accessories. The company also manufactures and sells automotive batteries, commercial battery products, and industrial batteries and chargers across North America.

The company offers its products to cars, heavy-duty equipment, trucks, renewable energy systems, marine and recreational equipment, floor care equipment, golf and electric vehicles, aerial access equipment, and others.

Report Synopsis

Report Scope Details
Market Forecast Years 2022-2028
Base Year 2021
Market Historical Years 2018-2021
Forecast Units Revenue ($ Million)
Segments Analyzed Type, Technology, and Application
Country Analyzed Canada
Companies Analyzed

Surrette Battery Company Ltd, Canadian Energy Laval, CBC Crown Battery Canada, XtraPower Batteries, Canbat Technologies Inc

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • COUNTRY SNAPSHOT
      • COUNTRY ANALYSIS
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
    3. KEY ANALYTICS
      • IMPACT OF COVID-19 ON BATTERY MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • KEY BUYING CRITERIA
        • ENERGY DENSITY
        • BATTERY MEMORY
        • LIFETIME
        • DURABILITY
      • VALUE CHAIN ANALYSIS
      • BATTERY/RAW MATERIAL PRICE TRENDS AND FORECAST, BY MAJOR TECHNOLOGY TYPE
      • IMPORT AND EXPORT ANALYSIS, BY MAJOR TECHNOLOGY TYPE AND MAJOR COUNTRIES
      • PESTLE ANALYSIS – CANADA
    4. MARKET BY TYPE
      • PRIMARY BATTERY
      • SECONDARY BATTERY
    5. MARKET BY TECHNOLOGY
      • LEAD-ACID BATTERY
      • LITHIUM-ION BATTERY
      • NICKEL-CADMIUM BATTERY
      • NICKEL METAL HYDRIDE BATTERY
      • NICKEL-ZINC (NIZN) BATTERY
      • FLOW BATTERY
      • SODIUM-SULFUR (NAS) BATTERY
      • ZINC-MANGANESE DIOXIDE BATTERY
      • SMALL SEALED LEAD-ACID BATTERY
      • OTHER BATTERIES
    6. MARKET BY APPLICATION
      • AUTOMOTIVE BATTERIES
      • INDUSTRIAL BATTERIES
      • PORTABLE BATTERIES
      • POWER TOOLS BATTERIES
      • SLI BATTERIES
      • OTHER APPLICATIONS
    7. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS & DIVESTITURES
      • COMPANY PROFILES
        • CANADIAN ENERGY LAVAL
        • CANBAT TECHNOLOGIES INC
        • CBC CROWN BATTERY CANADA
        • SURRETTE BATTERY COMPANY LTD
        • XTRAPOWER BATTERIES

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – BATTERY

    TABLE 2: CANADA BATTERY MARKET, BY TYPE, HISTORICAL YEARS 2,018-2021 (IN $ MILLION)

    TABLE 3: CANADA BATTERY MARKET, BY TYPE, FORECAST YEARS 2,022-2028 (IN $ MILLION)

    TABLE 4: CANADA BATTERY MARKET, BY TECHNOLOGY, HISTORICAL YEARS 2,018-2021 (IN $ MILLION)

    TABLE 5: CANADA BATTERY MARKET, BY TECHNOLOGY, FORECAST YEARS 2,022-2028 (IN $ MILLION)

    TABLE 6: CANADA BATTERY MARKET, BY APPLICATION, HISTORICAL YEARS 2,018-2021 (IN $ MILLION)

    TABLE 7: CANADA BATTERY MARKET, BY APPLICATION, FORECAST YEARS 2,022-2028 (IN $ MILLION)          

    LIST OF FIGURES

    FIGURE 1: KEY MARKET TRENDS

    FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: KEY BUYING CRITERIA

    FIGURE 5: VALUE CHAIN ANALYSIS

    FIGURE 6: CANADA BATTERY MARKET, GROWTH POTENTIAL, BY TYPE, IN 2021

    FIGURE 7: CANADA BATTERY MARKET, BY PRIMARY BATTERY, 2022-2028 (IN $ MILLION)

    FIGURE 8: CANADA BATTERY MARKET, BY SECONDARY BATTERY, 2022-2028 (IN $ MILLION)

    FIGURE 9: CANADA BATTERY MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2021

    FIGURE 10: CANADA BATTERY MARKET, BY LEAD-ACID BATTERY, 2022-2028 (IN $ MILLION)

    FIGURE 11: CANADA BATTERY MARKET, BY LITHIUM-ION BATTERY, 2022-2028 (IN $ MILLION)

    FIGURE 12: CANADA BATTERY MARKET, BY NICKEL-CADMIUM BATTERY, 2022-2028 (IN $ MILLION)

    FIGURE 13: CANADA BATTERY MARKET, BY NICKEL METAL HYDRIDE BATTERY, 2022-2028 (IN $ MILLION)

    FIGURE 14: CANADA BATTERY MARKET, BY NICKEL-ZINC (NIZN) BATTERY, 2022-2028 (IN $ MILLION)

    FIGURE 15: CANADA BATTERY MARKET, BY FLOW BATTERY, 2022-2028 (IN $ MILLION)

    FIGURE 16: CANADA BATTERY MARKET, BY SODIUM-SULFUR (NAS) BATTERY, 2022-2028 (IN $ MILLION)

    FIGURE 17: CANADA BATTERY MARKET, BY ZINC-MANGANESE DIOXIDE BATTERY, 2022-2028 (IN $ MILLION)

    FIGURE 18: CANADA BATTERY MARKET, BY SMALL SEALED LEAD-ACID BATTERY, 2022-2028 (IN $ MILLION)

    FIGURE 19: CANADA BATTERY MARKET, BY OTHER BATTERIES, 2022-2028 (IN $ MILLION)

    FIGURE 20: CANADA BATTERY MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2021

    FIGURE 21: CANADA BATTERY MARKET, BY AUTOMOTIVE BATTERIES, 2022-2028 (IN $ MILLION)

    FIGURE 22: CANADA BATTERY MARKET, BY INDUSTRIAL BATTERIES, 2022-2028 (IN $ MILLION)

    FIGURE 23: CANADA BATTERY MARKET, BY PORTABLE BATTERIES, 2022-2028 (IN $ MILLION)

    FIGURE 24: CANADA BATTERY MARKET, BY POWER TOOLS BATTERIES, 2022-2028 (IN $ MILLION)

    FIGURE 25: CANADA BATTERY MARKET, BY SLI BATTERIES, 2022-2028 (IN $ MILLION)

    FIGURE 26: CANADA BATTERY MARKET, BY OTHER APPLICATIONS, 2022-2028 (IN $ MILLION)       

    1. MARKET BY TYPE
      • PRIMARY BATTERY
      • SECONDARY BATTERY
    2. MARKET BY TECHNOLOGY
      • LEAD-ACID BATTERY
      • LITHIUM-ION BATTERY
      • NICKEL-CADMIUM BATTERY
      • NICKEL METAL HYDRIDE BATTERY
      • NICKEL-ZINC (NIZN) BATTERY
      • FLOW BATTERY
      • SODIUM-SULFUR (NAS) BATTERY
      • ZINC-MANGANESE DIOXIDE BATTERY
      • SMALL SEALED LEAD-ACID BATTERY
      • OTHER BATTERIES
    3. MARKET BY APPLICATION
      • AUTOMOTIVE BATTERIES
      • INDUSTRIAL BATTERIES
      • PORTABLE BATTERIES
      • POWER TOOLS BATTERIES
      • SLI BATTERIES
      • OTHER APPLICATIONS

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    We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.


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