Market by Battery Type, Technology, End-use and Country Outlook | Forecast 2022-2028
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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• 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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VIEW REPORT1. 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
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)
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)