Lithium-ion battery Market in North America 2024-2028

Lithium-ion Battery Market In North America 2024-2028

The lithium-ion battery market in North America is forecasted to grow by USD 20.03 bn during 2023-2028, accelerating at a CAGR of 18% during the forecast period. The report on the lithium-ion battery market in North America provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by high adoption of wearable technology, growth in demand for EVs, and opening of new lithium-ion battery manufacturing facilities.

Technavio's lithium-ion battery market in North America is segmented as below:

By Type

• Lithium nickel manganese cobalt
• Lithium iron phosphate
• Lithium cobalt oxide
• Others

By Application

• Automotive
• Consumer electronics
• Energy storage and others

This study identifies the decline in lithium-ion battery price as one of the prime reasons driving the lithium-ion battery market in North America growth during the next few years. Also, emergence of ultrathin lithium polymer batteries and increasing technological advancement in lithium-ion battery by vendors will lead to sizable demand in the market.

The report on the lithium-ion battery market in North America covers the following areas:

• Lithium-ion battery market in North America sizing
• Lithium-ion battery market in North America forecast
• Lithium-ion battery market in North America industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading lithium-ion battery market in North America vendors that include A123 Systems LLC, AT and T Inc., BYD Co. Ltd., CLARIOS LLC, Enphase Energy Inc., General Electric Co., GS Yuasa International Ltd., Hitachi Ltd., Johnson Controls International Plc, Koninklijke Philips N.V., LG Chem Ltd., Maxell Ltd., Panasonic Holdings Corp., Samsung SDI Co. Ltd., Sony Group Corp., TDK Corp., Tesla Inc., The Duracell Co., Toshiba Corp., and TRU Group Inc.. Also, the lithium-ion battery market in North America analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.