North America Battery Market

North America Battery Market by Types (Primary and Secondary), Technologies (Lead-acid, Lithium-ion, and Others), Applications (Automotive, Industrial, Portable, and Others), and Geography (The US and Canada) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-3656
  • Author: Growth Market Reports
  • Rating: 4.7
  • Total Reviews: 2
  • No. Of Pages: 211
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The North America battery market size is projected to register a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to rising demand from the automotive sector.


North America Battery Market

Battery is a device made up of one or more than one electrochemical cells. Battery works on a principal of electromotive force. The increasing demand for portable batteries requires rapid charging function, which is relatively known as lithium iron phosphate (LiFePO4) battery technology. Batteries are extensively used in various industrial applications, such as telecommunication, medical equipment, oil drilling, and tracking systems, which are propelling the industry growth. Moreover, batteries are also used in the flourishing aerospace industry to feed navigation and emergency systems.

Market Trends, Drivers, Restraints, and Opportunities

  • Growing demand for electronic vehicles is estimated to accelerate the growth of the market.
  • Rising demand of hydride, semi hydride and fully electric vehicles is estimated to drive the market growth.
  • Increasing deployment of micro grids can drive revenue growth for the lead-acid battery market.
  • Increasing use for smartphones among the population across the globe is one of the key factors fueling the market growth.
  • Technological advancements in automotive sector is likewise a vital driver in the expansion of utilization of battery in region.
  • Growing investing in research related to the utilization of battery for power generation is estimated to drive the market growth.
  • Increasing applications of battery in the transport sector such as in cars and buses, is one of the major factors driving the market growth.
  • Demand-supply mismatch of raw materials can restrain the growth of the market.
  • R&D activities are focused on the development and advancement in fuel cell-powered vehicles is expected to create lucrative opportunity for the market.

Scope of the Report

The report on the North America battery market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Battery Market - North America Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (Primary and Secondary), Technologies (Lead-acid, Lithium-ion and Others), and Applications (Automotive, Industrial, Portable, and Others)

Geographical Scope

The US  and Canada

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

BYD Co. Ltd,; SAMSUNG SDI CO., LTD; LG Chem Ltd.; Contemporary Amperex Technology Co. Limited,;  and Panasonic Corporation.

Battery Market Segment Insights

Primary segment is expected to grow at a rapid pace

Based on types, the market is divided into primary and secondary .The primary battery segment is estimated to account for a significant share of the market in emergency situations and rising demand for environmentally-friendly batteries. Use of primary batteries such as alkaline batteries in electronic toys is expected to drive the market for primary batteries during the forecast period. Many governments have implemented norms that require recycling of scraped batteries.


North America Battery Market

Lithium-ion segment is projected to expand at a considerable CAGR

In terms of technologies, the battery market is segmented into lead-acid, lithium-ion, and others. The lithium-ion segment is estimated to account for a key share of the market due to the growing demand for electric vehicles (EVs) and grid storage as it offers high-energy density solutions and is lightweight. The penetration of electric vehicles is anticipated to provide a massive impetus for the lithium-ion battery market growth in North America.

Automotive segment is projected to expand at a considerable CAGR

On the basis of applications, the market is classified as automotive, industrial, portable, and others. The automotive segment is projected to expand at a considerable CAGR during the forecast period. The automotive segment is attributed to increased requirement for electric-vehicle batteries in electronic vehicles. Electric vehicles market is significantly growing in North America owing to the several government policies and initiatives facilitating the sale of electric vehicles.

The US is anticipated to constitute a large market share

In terms of geography, the North America market is segregated into the US and Canada. The US is expected to constitute a key share of the market during the projected period due to the rapid research and innovation in the US battery market. Moreover, increased electric vehicle deployment, rising spending on consumer electronics, and rapid growth in the consumer and manufacturing activities are some of the key factors fueling the market growth in the country.


North America Battery Market

Segments

Segments Covered in the Report

The North America battery market has been segmented on the basis of

Types

  • Primary
  • Secondary

Technologies

  • Lead-Acid
  • Lithium-Ion
  • Others

Applications

  • Automotive
  • Industrial
  • Portable
  • Others

Geography 

  • The US
  • Canada

Key Players

  • Panasonic Co.
  • SAMSUNG SDI CO.
  • Contemporary Amperex Technology Co. Limited
  • BYD Co. Ltd
  • LG Chem Ltd.

Competitive Landscape

Key players competing in the North America battery market are BYD Co. Ltd,; SAMSUNG SDI CO., LTD; LG Chem Ltd.; Contemporary Amperex Technology Co. Limited,;  and Panasonic Corporation.

North America Battery Market

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Battery Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Battery Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Battery Market - Supply Chain
  4.5. Global Battery Market Forecast
     4.5.1. Battery Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Battery Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Battery Market Absolute $ Opportunity
5. Global Battery Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Battery Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Battery Demand Share Forecast, 2019-2026
6. North America Battery Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Battery Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Battery Demand Share Forecast, 2019-2026
7. Latin America Battery Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Battery Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Battery Demand Share Forecast, 2019-2026
8. Europe Battery Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Battery Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Battery Demand Share Forecast, 2019-2026
9. Asia Pacific Battery Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Battery Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Battery Demand Share Forecast, 2019-2026
10. Middle East & Africa Battery Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Battery Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Battery Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Battery Market: Market Share Analysis
  11.2. Battery Distributors and Customers
  11.3. Battery Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Segments Covered in the Report

The North America battery market has been segmented on the basis of

Types

  • Primary
  • Secondary

Technologies

  • Lead-Acid
  • Lithium-Ion
  • Others

Applications

  • Automotive
  • Industrial
  • Portable
  • Others

Geography 

  • The US
  • Canada

Key Players

  • Panasonic Co.
  • SAMSUNG SDI CO.
  • Contemporary Amperex Technology Co. Limited
  • BYD Co. Ltd
  • LG Chem Ltd.

Key players competing in the North America battery market are BYD Co. Ltd,; SAMSUNG SDI CO., LTD; LG Chem Ltd.; Contemporary Amperex Technology Co. Limited,;  and Panasonic Corporation.

North America Battery Market

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