NORTH AMERICA BATTERY MARKET 2022-2028

Energy, Power & Utilities | Energy Storage

NORTH AMERICA BATTERY MARKET 2022-2028

Market by Battery Type, Technology, End-use and Country Outlook | Forecast 2022-2028

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A study by Triton Market Research has analyzed that the battery market in North America is expected to grow with a CAGR of 15.32% in the forecasting period from 2022-2028.


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The countries studied in this region include:

•         Canada

•         The United States

North America is one of the largest consumers of batteries, and the integration of renewables with energy storage systems is expected to supplement the market in the forecasting period. Other factors driving the market include a decrease in the prices of lithium-ion batteries, a rise in the adoption of electric vehicles, growth in the renewable energy sector, and an increase in the sale of consumer electronics.

In addition to being the largest consumer of batteries, the country also pioneers research and innovation in the studied market. Further, strategic investments by the government concerning electric vehicles and renewable industries have also increased the demand for battery-based energy storage systems, led by lithium-ion batteries. All such factors are expected to bolster the region’s battery market.

In 2021, the United States’ government announced to offer funds of $209 million for 26 new laboratory research projects relating to the electric vehicle battery and strengthen the domestic supply chain of lithium batteries. Further, the University of Texas at Austin researchers developed a stable sodium-based battery material that can recharge as efficiently as a conventional lithium-ion battery. Also, it has the potential for higher energy output compared to the current lithium-ion battery technologies. Hence, the country’s key research and development activities can fuel the growth of the studied market.

In Canada, General Motors and POSCO Chemical announced to build a cathode material joint venture and use it as a facility to establish a supply chain for major battery materials in North America. As a part of the agreement, the companies plan to invest an estimated $400 million in the first phase for developing a large-scale plant in Canada and producing high nickel cathode materials used in General Motors’ electric vehicle batteries.

Lead-acid batteries find applications in backup power supplies for electric wheelchairs, electric scooters, marine applications, electrified bicycles, micro-hybrid vehicles and motorcycles. An increase in the demand for different applications such as uninterrupted power supply systems, electric vehicles, and others, is expected to increase the demand and adoption of lead-acid batteries in these applications, which is expected to contribute to the market growth during the forecast period. The studied report assesses the market’s growth based on battery type, technology and end-use. Here, the technology segment consists of lead-acid battery, small sealed lead-acid battery, lithium-ion battery, nickel-zinc (NiZn) battery, flow battery, sodium-sulfur (NAS) battery, nickel-metal hydride (NiMH) battery, zinc-manganese dioxide battery, nickel-cadmium (NiCD) battery, and other technologies.

The established companies in the battery market comprise Duracell, LG Chem Ltd, Johnsons Controls Inc, Toshiba Corporation, Murata Manufacturing Co Ltd, East Penn Manufacturing Co, GS Yuasa International Ltd, Panasonic Corporation, Exide Technologies, Crown Battery Manufacturing Company, C&D Technologies Inc, and EnerSys.

Founded in 1885, Johnson Controls Inc is an American Irish-domiciled multinational company headquartered in the United States. The company offers its specialization in engineering, manufacturing operations, building automation, sales, fire & hazard protection, HVAC, security, industrial refrigeration, and sustainability. It offers batteries under its VARTA range, which are particularly designed for start-stop vehicles. Johnsons Controls Inc was established in 1885, and has a business experience of more than 135 years.

 

Key deliverables of the report:

      Market CAGR during the forecasting years 2022-2028

      Detailed data highlighting key insights, industry components, and market strategies


      Comprehensive information and estimation of the battery market revenue growth in North America and its influence on the parent market


      In-depth study of forthcoming trends in consumer behavioral patterns


      A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces Analysis Model


      A wide-ranging study of factors that will challenge the North America battery market’s growth during the upcoming years

Want to get specific insights? Our team of analysts can customize this report based on your preferences. Connect with us here

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Table of Content

1. NORTH AMERICA BATTERY MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON THE BATTERY MARKET

2.2. KEY INSIGHTS

2.2.1. INCREASING DEMAND FOR ENERGY STORAGE SYSTEMS

2.2.2. EMERGENCE OF AGM BATTERIES

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTES

2.3.3. BARGAINING POWER OF BUYERS

2.3.4. BARGAINING POWER OF SUPPLIERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. KEY MARKET STRATEGIES

2.6.1. PRODUCT LAUNCHES & DEVELOPMENTS

2.6.2. PARTNERSHIPS & AGREEMENTS

2.7. MARKET DRIVERS

2.7.1. RISING POPULARITY OF CONSUMER ELECTRONICS

2.7.2. INCENTIVES FOR MANUFACTURING ELECTRIC VEHICLE BATTERIES

2.7.3. DECLINING BATTERY PRICES

2.7.4. HIGH DEMAND FOR AUTOMOTIVE APPLICATIONS

2.8. MARKET CHALLENGES

2.8.1. SAFETY ISSUES PERTAINING TO BATTERY USAGE

2.8.2. VOLATILITY IN THE PRICES OF RAW MATERIALS

2.8.3. ISSUES PERTAINING TO BATTERY RECYCLING

2.9. MARKET OPPORTUNITIES

2.9.1. INCREASING PENETRATION OF MARINE BATTERIES

2.9.2. GOVERNMENT INCENTIVES FOR CLEANER TRANSPORTATION

3. NORTH AMERICA BATTERY MARKET OUTLOOK - BY BATTERY TYPE

3.1. PRIMARY BATTERY

3.2. SECONDARY BATTERY

4. NORTH AMERICA BATTERY MARKET OUTLOOK - BY TECHNOLOGY

4.1. LEAD-ACID BATTERY

4.2. LITHIUM-ION BATTERY

4.3. NICKEL-METAL HYDRIDE (NIMH) BATTERY

4.4. NICKEL-CADMIUM (NICD) BATTERY

4.5. NICKEL-ZINC (NIZN) BATTERY

4.6. FLOW BATTERY

4.7. SODIUM-SULFUR (NAS) BATTERY

4.8. ZINC-MANGANESE DIOXIDE BATTERY

4.9. SMALL SEALED LEAD-ACID BATTERY

4.10. OTHER TECHNOLOGIES

5. NORTH AMERICA BATTERY MARKET OUTLOOK - BY END-USE

5.1. AUTOMOTIVE BATTERIES

5.2. INDUSTRIAL BATTERIES

5.3. PORTABLE BATTERIES

5.4. POWER TOOLS BATTERIES

5.5. SLI BATTERIES

5.6. OTHER END-USES

6. NORTH AMERICA BATTERY MARKET - COUNTRY OUTLOOK

6.1. UNITED STATES

6.2. CANADA

7. COMPETITIVE LANDSCAPE

7.1. JOHNSONS CONTROLS INC

7.2. GS YUASA INTERNATIONAL LTD

7.3. EXIDE TECHNOLOGIES

7.4. LG CHEM LTD

7.5. A123 SYSTEMS LLC

7.6. TOSHIBA CORPORATION

7.7. PANASONIC CORPORATION

7.8. SAMSUNG SDI CO LTD

7.9. SAFT GROUPE SA

7.10. TROJAN BATTERY COMPANY

7.11. BYD COMPANY LTD

7.12. NEC CORPORATION

7.13. EVEREADY INDUSTRIES

7.14. DURACELL

7.15. EAST PENN MANUFACTURING CO

7.16. CROWN BATTERY MANUFACTURING COMPANY

7.17. C&D TECHNOLOGIES INC

7.18. ENERSYS

7.19. MURATA MANUFACTURING CO LTD

7.20. SHENZHEN BAK BATTERY CO LTD

8. RESEARCH METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE & DELIVERABLES

8.2. SOURCES OF DATA

8.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: NORTH AMERICA BATTERY MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

TABLE 3: NORTH AMERICA BATTERY MARKET, BY BATTERY TYPE, 2022-2028 (IN $ MILLION)

TABLE 4: NORTH AMERICA BATTERY MARKET, BY TECHNOLOGY, 2022-2028 (IN $ MILLION)

TABLE 5: NORTH AMERICA BATTERY MARKET, BY END-USE, 2022-2028 (IN $ MILLION)

TABLE 6: NORTH AMERICA BATTERY MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX

FIGURE 2: NORTH AMERICA BATTERY MARKET, BY BATTERY TYPE, 2021 & 2028 (IN %)

FIGURE 3: NORTH AMERICA BATTERY MARKET, BY PRIMARY BATTERY, 2022-2028 (IN $ MILLION)

FIGURE 4: NORTH AMERICA BATTERY MARKET, BY SECONDARY BATTERY, 2022-2028 (IN $ MILLION)

FIGURE 5: NORTH AMERICA BATTERY MARKET, BY TECHNOLOGY, 2021 & 2028 (IN %)

FIGURE 6: NORTH AMERICA BATTERY MARKET, BY LEAD-ACID BATTERY, 2022-2028 (IN $ MILLION)

FIGURE 7: NORTH AMERICA BATTERY MARKET, BY LITHIUM-ION BATTERY, 2022-2028 (IN $ MILLION)

FIGURE 8: NORTH AMERICA BATTERY MARKET, BY NICKEL-METAL HYDRIDE (NIMH) BATTERY, 2022-2028 (IN $ MILLION)

FIGURE 9: NORTH AMERICA BATTERY MARKET, BY NICKEL-CADMIUM (NICD) BATTERY, 2022-2028 (IN $ MILLION)

FIGURE 10: NORTH AMERICA BATTERY MARKET, BY NICKEL-ZINC (NIZN) BATTERY, 2022-2028 (IN $ MILLION)

FIGURE 11: NORTH AMERICA BATTERY MARKET, BY FLOW BATTERY, 2022-2028 (IN $ MILLION)

FIGURE 12: NORTH AMERICA BATTERY MARKET, BY SODIUM-SULFUR (NAS) BATTERY, 2022-2028 (IN $ MILLION)

FIGURE 13: NORTH AMERICA BATTERY MARKET, BY ZINC-MANGANESE DIOXIDE BATTERY, 2022-2028 (IN $ MILLION)

FIGURE 14: NORTH AMERICA BATTERY MARKET, BY SMALL SEALED LEAD-ACID BATTERY, 2022-2028 (IN $ MILLION)

FIGURE 15: NORTH AMERICA BATTERY MARKET, BY OTHER TECHNOLOGIES, 2022-2028 (IN $ MILLION)

FIGURE 16: NORTH AMERICA BATTERY MARKET, BY END-USE, 2021 & 2028 (IN %)

FIGURE 17: NORTH AMERICA BATTERY MARKET, BY AUTOMOTIVE BATTERIES, 2022-2028 (IN $ MILLION)

FIGURE 18: NORTH AMERICA BATTERY MARKET, BY INDUSTRIAL BATTERIES, 2022-2028 (IN $ MILLION)

FIGURE 19: NORTH AMERICA BATTERY MARKET, BY PORTABLE BATTERIES, 2022-2028 (IN $ MILLION)

FIGURE 20: NORTH AMERICA BATTERY MARKET, BY POWER TOOLS BATTERIES, 2022-2028 (IN $ MILLION)

FIGURE 21: NORTH AMERICA BATTERY MARKET, BY SLI BATTERIES, 2022-2028 (IN $ MILLION)

FIGURE 22: NORTH AMERICA BATTERY MARKET, BY OTHER END-USES, 2022-2028 (IN $ MILLION)

FIGURE 23: NORTH AMERICA BATTERY MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)

FIGURE 24: UNITED STATES BATTERY MARKET 2022-2028 (IN $ MILLION)

FIGURE 25: CANADA BATTERY MARKET 2022-2028 (IN $ MILLION)

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