North America Lithium-ion Battery Market Report and Forecast 2024-2032

North America Lithium-Ion Battery Market Report and Forecast 2024-2032



Market Outlook

According to the report by Expert Market Research (EMR), the North America lithium-ion battery market is expected to grow at a CAGR of 11.5% between 2024 and 2032. Aided by the escalating demand for energy-efficient solutions and the expanding applications of lithium-ion batteries across diverse sectors, the market is expected to grow significantly by 2032.

Lithium-ion batteries are rechargeable batteries commonly used in electronics and electric vehicles due to their high energy density, tiny memory effect, and low self-discharge. They play a crucial role in the enhancement of energy storage, device performance, and overall lifespan. Beyond these core attributes, lithium-ion batteries also offer excellent potential in renewable integration, grid storage, and power management, solidifying their value across various industrial applications, including consumer electronics, electric vehicles, and energy storage systems.

The rising consumer preference for energy-efficient solutions is driving the North America lithium-ion battery market growth. With the growing awareness of the benefits linked to energy conservation, there has been a significant shift towards energy-efficient technologies, leading to a surge in demand for lithium-ion batteries. Furthermore, the increasing trend of electric mobility and the shift towards renewable energy have contributed to the rising popularity of lithium-ion batteries, as they are a vital element in electric vehicles and renewable integration systems.

The expanding applications of lithium-ion batteries in various sectors also significantly contribute to the increasing North America lithium-ion battery market demand. In the automotive industry, lithium-ion batteries are used as the power source for electric vehicles. The consumer electronics industry employs lithium-ion batteries due to their high energy density and long lifespan, which are crucial for devices like smartphones, laptops, and tablets. Moreover, the energy storage sector leverages lithium-ion batteries for their efficient storage capabilities, making them an essential component in grid storage and renewable integration systems.

Additionally, the growing demand for advanced energy storage systems in the renewable energy sector has resulted in an increased focus on lithium-ion batteries. With the rise of renewable energy adoption and the increasing need for efficient energy storage solutions, lithium-ion batteries have emerged as a critical component in the formulation of effective renewable integration systems, thereby fuelling the North America lithium-ion battery market growth.

Moreover, the advancements in technology and the constant pursuit of enhanced energy density and lifespan have led to substantial R&D activities in the lithium-ion battery sector. These technological advancements not only boost the performance of lithium-ion batteries but also their applicability across various sectors, further propelling the North America lithium-ion battery market development.

Market Segmentation

The market can be divided based on product type, power capacity, end use, and country.

Market Breakup by Product Type
  • Lithium Cobalt Oxide
  • Lithium Iron Phosphate
  • Lithium Nickel Manganese Cobalt
  • Lithium Manganese Oxide
  • Others
Market Breakup by Power Capacity
  • 0 to 3000 mAh
  • 3000 mAh to 10000 mAh
  • 10000 mAh to 60000 mAh
  • More than 60000 mAh
Market Breakup by End Use
  • Consumer Electronics
  • Electric Vehicles
  • Energy Storage
  • Others
Market Breakup by Country
  • United States of America
  • Canada
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the North America lithium-ion battery market. Some of the major players explored in the report by Expert Market Research are as follows:
  • Contemporary Amperex Technology Limited (CATL)
  • LG Energy Solution
  • Panasonic Corporation
  • BYD Motors Inc.
  • Tesla Inc.
  • Samsung SDI Corporation Limited
  • Duracell Inc.
  • Clarios
  • EnerSys
  • NEC Corporation
  • American Battery Solutions
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Application
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Industry Opportunities and Challenges
8 North America Lithium-ion Battery Market Analysis
8.1 Key Industry Highlights
8.2 North America Lithium-ion Battery Historical Market (2018-2023)
8.3 North America Lithium-ion Battery Market Forecast (2024-2032)
8.4 North America Lithium-ion Battery Market by Product Type
8.4.1 Lithium Cobalt Oxide
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Lithium Iron Phosphate
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Lithium Nickel Manganese Cobalt
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Lithium Manganese Oxide
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2023)
8.4.4.3 Forecast Trend (2024-2032)
8.4.5 Others
8.5 North America Lithium-ion Battery Market by Power Capacity
8.5.1 0 to 3000 mAh
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 3000 mAh to 10000 mAh
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 10000 mAh to 60000 mAh
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 More than 60000 mAh
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 Forecast Trend (2024-2032)
8.6 North America Lithium-ion Battery Market by End Use
8.6.1 Consumer Electronics
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Electric Vehicles
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Energy Storage
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Others
8.7 North America Lithium-ion Battery Market by Country
8.7.1 Market Share
8.7.1.1 United Stats
8.7.1.2 Canada
9 Regional Analysis
9.1 United States
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Contemporary Amperex Technology Limited (CATL)
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 LG Energy Solution
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Panasonic Corporation
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 BYD Motors Inc.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Tesla Inc.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Samsung SDI Corporation Limited
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Duracell Inc.
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Clarios
12.2.8.1 Company Overview
12.2.8.2 Product Portfolio
12.2.8.3 Demographic Reach and Achievements
12.2.8.4 Certifications
12.2.9 EnerSys
12.2.9.1 Company Overview
12.2.9.2 Product Portfolio
12.2.9.3 Demographic Reach and Achievements
12.2.9.4 Certifications
12.2.10 NEC Corporation
12.2.10.1 Company Overview
12.2.10.2 Product Portfolio
12.2.10.3 Demographic Reach and Achievements
12.2.10.4 Certifications
12.2.11 American Battery Solutions
12.2.11.1 Company Overview
12.2.11.2 Product Portfolio
12.2.11.3 Demographic Reach and Achievements
12.2.11.4 Certifications
12.2.12 Others
13 Industry Events and Developments
List of Figures and
Tables
1. North America Lithium-ion Battery Market: Key Industry Highlights, 2018 and 2032
2. North America Lithium-ion Battery Historical Market: Breakup by Product Type (USD Million), 2018-2023
3. North America Lithium-ion Battery Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4. North America Lithium-ion Battery Historical Market: Breakup by Power Capacity (USD Million), 2018-2023
5. North America Lithium-ion Battery Market Forecast: Breakup by Power Capacity (USD Million), 2024-2032
6. North America Lithium-ion Battery Historical Market: Breakup by End Use (USD Million), 2018-2023
7. North America Lithium-ion Battery Market Forecast: Breakup by End Use (USD Million), 2024-2032
8. North America Lithium-ion Battery Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Lithium-ion Battery Market Forecast: Breakup by Country (USD Million), 2024-2032
10. North America Lithium-ion Battery Market Structure

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