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NORTH AMERICA BATTERY MARKET FORECAST 2022-2030

The North America battery market is forecasted to register a CAGR of 16.32% across the projected period of 2022 to 2030, reaching a revenue share of $92999.52 million by 2030.

NORTH AMERICA BATTERY MARKET FORECAST 2022-2030

North America 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) by Geography

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The North America battery market is forecasted to register a CAGR of 16.32% across the projected period of 2022 to 2030, reaching a revenue share of $92999.52 million by 2030.

The market growth of the region is mainly propelled by the development of the renewable energy sector, the rise in the adoption of electric vehicles, the decreasing prices of lithium-ion batteries, and the growing sales of consumer electronics. However, the North America battery market is likely to be restrained by the demand and supply mismatch of raw materials.

North America Battery Market

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The North America battery market growth evaluation constitutes the study of the United States and Canada. The United States has significantly invested in battery technologies over recent years. This factor is anticipated to reinforce the battery market in the country, thus promoting its growth during the forecasted period. For instance, in 2022, the United States Department of Energy issued notices of intent in order to offer an amount worth $2.91 billion for bolstering the production of advanced batteries, critical for the rapid expansion of clean energy industries. These primarily include energy storage as well as electric vehicles.

Furthermore, the Department of Energy aims to fund battery materials refining, in addition to recycling facilities, production plants, battery cells, and pack manufacturing facilities. This funding will ensure that the United States can manufacture materials and batteries, predominantly to enhance economic competitiveness, energy independence, and national security.

In 2021, the United States government also announced funding of $209 million for 26 new laboratory research projects associated with electric vehicle batteries. It is also taking steps to boost the national supply chain of lithium batteries. On the other hand, researchers at the University of Texas, Austin, in 2022, developed a sodium-based battery material that is stable and recharges as rapidly as a conventional lithium-ion battery. Hence, these factors are expected to augment the North America battery market growth over the forecasted period.

The North America battery market is segmented into type, technology, and application. The type category is further classified into primary battery and secondary battery. A primary battery or cell cannot be recharged easily following one use and is discarded post-discharge. The majority of primary cells utilize electrolytes contained within an absorbent material or a separator and, as a result, are termed dry batteries.

A secondary battery or cell, also called a storage battery or rechargeable battery, can be recharged electrically post usage to its original pre-discharge condition. Such batteries are composed of one or more electrochemical cells. Moreover, they are produced in various sizes and shapes, ranging from megawatt systems to button cells, and connected to stabilize electrical distribution networks.

Some of the leading companies operating in the North America battery market include Johnsons Controls Inc, A123 Systems LLC, Trojan Battery Company, etc.

Johnsons Controls Inc, headquartered in the United States, is a multinational company engaged in the production of HVAC, fire, as well as security equipment for buildings.

The specialties provided by the company comprise manufacturing operations, industrial refrigeration, engineering, building automation, fire & hazard protection, sales, HVAC, security, and sustainability.

Report Synopsis

Report Scope Details
Market Forecast Years 2022-2030
Base Year 2021
Market Historical Years 2018-2021
Forecast Units Revenue ($ Million)
Segments Analyzed Type, Technology, and Application
Countries Analyzed The United States and Canada.
Companies Analyzed

Johnsons Controls Inc, GS Yuasa International Ltd, Exide Technologies, LG Chem Ltd, A123 Systems LLC, Toshiba Corporation, Panasonic Corporation, Samsung SDI Co Ltd, Saft Groupe SA, Trojan Battery Company, BYD Company Ltd, NEC Corporation, Eveready Industries, Duracell, East Penn Manufacturing Co, Crown Battery Manufacturing Company, C&D Technologies Inc, Enersys, Murata Manufacturing Co Ltd, Shenzhen Bak Battery Co Ltd

  1. RESEARCH SCOPE & METHODOLOGY
    • STUDY OBJECTIVES
    • SCOPE OF STUDY
    • METHODOLOGY
    • ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    • MARKET SIZE & ESTIMATES
    • MARKET OVERVIEW
  3. MARKET DYNAMICS
    • KEY DRIVERS
      • INCREASING POPULARITY OF CONSUMER ELECTRONICS
      • INCENTIVES FOR EV BATTERY MANUFACTURING
      • DECLINING PRICES OF BATTERIES
      • HIGH DEMAND FOR AUTOMOTIVE APPLICATIONS ESPECIALLY FROM ELECTRIC VEHICLES
    • KEY RESTRAINTS
      • SAFETY ISSUES RELATED TO BATTERY USAGE
      • VOLATILITY IN RAW MATERIAL PRICES
      • ISSUES RELATED TO BATTERY RECYCLING
  1. 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
    • VENDOR LANDSCAPE
    • KEY BUYING CRITERIA
      • ENERGY DENSITY
      • BATTERY MEMORY
      • LIFETIME
      • DURABILITY
    • VALUE CHAIN ANALYSIS
    • LEGAL, POLICY & REGULATORY FRAMEWORK
    • BATTERY/RAW MATERIAL PRICE TRENDS AND FORECAST, BY MAJOR TECHNOLOGY TYPE
    • IMPORT AND EXPORT ANALYSIS, BY MAJOR TECHNOLOGY TYPE AND MAJOR COUNTRIES
  2. MARKET BY TYPE
    • PRIMARY BATTERY
    • SECONDARY BATTERY
  3. 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
  4. MARKET BY APPLICATION
    • AUTOMOTIVE BATTERIES
    • INDUSTRIAL BATTERIES
    • PORTABLE BATTERIES
    • POWER TOOLS BATTERIES
    • SLI BATTERIES
    • OTHER APPLICATIONS
  5. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • COUNTRY ANALYSIS
        • UNITED STATES
        • CANADA
  1. COMPETITIVE LANDSCAPE
    • KEY STRATEGIC DEVELOPMENTS
      • MERGERS & ACQUISITIONS
      • PRODUCT LAUNCHES & DEVELOPMENTS
      • PARTNERSHIPS & AGREEMENTS
      • BUSINESS EXPANSIONS & DIVESTITURES
    • COMPANY PROFILES
      • A123 SYSTEMS LLC
      • BYD COMPANY LTD
      • C&D TECHNOLOGIES INC
      • CROWN BATTERY MANUFACTURING COMPANY
      • DURACELL
      • EAST PENN MANUFACTURING CO
      • ENERSYS
      • EVEREADY INDUSTRIES
      • EXIDE TECHNOLOGIES
      • GS YUASA INTERNATIONAL LTD
      • JOHNSONS CONTROLS INC
      • LG CHEM LTD
      • MURATA MANUFACTURING CO LTD
      • NEC CORPORATION
      • PANASONIC CORPORATION
      • SAFT GROUPE SA
      • SAMSUNG SDI CO LTD
      • SHENZHEN BAK BATTERY CO LTD
      • TOSHIBA CORPORATION
      • TROJAN BATTERY COMPANY

LIST OF TABLES  

TABLE 1: MARKET SNAPSHOT – BATTERY

TABLE 2: LEGAL, POLICY & REGULATORY FRAMEWORK

TABLE 3: NORTH AMERICA BATTERY MARKET, BY TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 4: NORTH AMERICA BATTERY MARKET, BY TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 5: NORTH AMERICA BATTERY MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 6: NORTH AMERICA BATTERY MARKET, BY TECHNOLOGY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 7: NORTH AMERICA BATTERY MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 8: NORTH AMERICA BATTERY MARKET, BY APPLICATION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 9: NORTH AMERICA BATTERY MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 10: NORTH AMERICA BATTERY MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 11: LEADING PLAYERS OPERATING IN NORTH AMERICA BATTERY MARKET

TABLE 12: LIST OF MERGERS & ACQUISITIONS

TABLE 13: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 14: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 15: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES 

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: KEY BUYING CRITERIA

FIGURE 6: VALUE CHAIN ANALYSIS

FIGURE 7: NORTH AMERICA BATTERY MARKET, GROWTH POTENTIAL, BY TYPE, IN 2021

FIGURE 8: NORTH AMERICA BATTERY MARKET, BY PRIMARY BATTERY, 2022-2030 (IN $ MILLION)

FIGURE 9: NORTH AMERICA BATTERY MARKET, BY SECONDARY BATTERY, 2022-2030 (IN $ MILLION)

FIGURE 10: NORTH AMERICA BATTERY MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2021

FIGURE 11: NORTH AMERICA BATTERY MARKET, BY LEAD-ACID BATTERY, 2022-2030 (IN $ MILLION)

FIGURE 12: NORTH AMERICA BATTERY MARKET, BY LITHIUM-ION BATTERY, 2022-2030 (IN $ MILLION)

FIGURE 13: NORTH AMERICA BATTERY MARKET, BY NICKEL-CADMIUM BATTERY, 2022-2030 (IN $ MILLION)

FIGURE 14: NORTH AMERICA BATTERY MARKET, BY NICKEL METAL HYDRIDE BATTERY, 2022-2030 (IN $ MILLION)

FIGURE 15: NORTH AMERICA BATTERY MARKET, BY NICKEL-ZINC (NIZN) BATTERY, 2022-2030 (IN $ MILLION)

FIGURE 16: NORTH AMERICA BATTERY MARKET, BY FLOW BATTERY, 2022-2030 (IN $ MILLION)

FIGURE 17: NORTH AMERICA BATTERY MARKET, BY SODIUM-SULFUR (NAS) BATTERY, 2022-2030 (IN $ MILLION)

FIGURE 18: NORTH AMERICA BATTERY MARKET, BY ZINC-MANGANESE DIOXIDE BATTERY, 2022-2030 (IN $ MILLION)

FIGURE 19: NORTH AMERICA BATTERY MARKET, BY SMALL SEALED LEAD-ACID BATTERY, 2022-2030 (IN $ MILLION)

FIGURE 20: NORTH AMERICA BATTERY MARKET, BY OTHER BATTERIES, 2022-2030 (IN $ MILLION)

FIGURE 21: NORTH AMERICA BATTERY MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2021

FIGURE 22: NORTH AMERICA BATTERY MARKET, BY AUTOMOTIVE BATTERIES, 2022-2030 (IN $ MILLION)

FIGURE 23: NORTH AMERICA BATTERY MARKET, BY INDUSTRIAL BATTERIES, 2022-2030 (IN $ MILLION)

FIGURE 24: NORTH AMERICA BATTERY MARKET, BY PORTABLE BATTERIES, 2022-2030 (IN $ MILLION)

FIGURE 25: NORTH AMERICA BATTERY MARKET, BY POWER TOOLS BATTERIES, 2022-2030 (IN $ MILLION)

FIGURE 26: NORTH AMERICA BATTERY MARKET, BY SLI BATTERIES, 2022-2030 (IN $ MILLION)

FIGURE 27: NORTH AMERICA BATTERY MARKET, BY OTHER APPLICATIONS, 2022-2030 (IN $ MILLION)

FIGURE 28: NORTH AMERICA BATTERY MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

FIGURE 29: UNITED STATES BATTERY MARKET, 2022-2030 (IN $ MILLION)

FIGURE 30: CANADA BATTERY MARKET, 2022-2030 (IN $ MILLION)

  1. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • COUNTRY ANALYSIS
        • UNITED STATES
        • CANADA
  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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