North America Battery Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers North America's Battery Market Share and is Segmented by Type (primary and Secondary), Technology (lead-Acid, Lithium-Ion, and Other Technologies), Application (automotive, Industrial Batteries (motive), Stationary (Telecom, UPS, Energy Storage Systems (ESS), Etc. ), Consumer Electronics, and Other Applications), and Geography (United States, Canada, and the Rest of North America). The Market Size and Forecasts are Provided in Terms of Revenue (USD) for all the Above Segments.

North America Battery Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

North America Battery Market Size

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North America Battery Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 14.46 Billion
Market Size (2030) USD 31.24 Billion
CAGR (2025 - 2030) 16.65 %
Market Concentration Low

Major Players

North America Battery Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of North America Battery Market with other markets in Energy & Power Industry

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Energy Storage Technology

North America Battery Market Analysis

The North America Battery Market size is estimated at USD 14.46 billion in 2025, and is expected to reach USD 31.24 billion by 2030, at a CAGR of 16.65% during the forecast period (2025-2030).

Over the medium term, declining lithium-ion battery prices, increasing adoption of electric vehicles, growing renewable energy sector, and increased sale of consumer electronics are also expected to drive the market's growth.

On the other hand, the demand-supply mismatch of raw materials may negatively impact the market’s growth and is one of the major restraints for the market.

Nevertheless, integrating renewables with energy storage systems will provide growth opportunities in the forecast period.

The United States dominates the market and will likely register the highest CAGR during the forecast period. The government has encouraged investors in electric vehicles (EVs) and the renewable industries, resulting in an increased demand for battery-based energy storage systems, primarily led by lithium-ion batteries.

North America Battery Industry Overview

The North American battery market is fragmented. Some of the key players in this market (in no particular order) include Contemporary Amperex Technology Co. Limited, BYD Co. Ltd., Samsung SDI Co. Ltd., LG Chem Ltd, and Panasonic Corporation., among others.

North America Battery Market Leaders

  1. BYD Co. Ltd

  2. Panasonic Co.

  3. Contemporary Amperex Technology Co. Limited

  4. LG Chem Ltd.

  5. Samsung SDI Co., Ltd

  6. *Disclaimer: Major Players sorted in no particular order
North America Battery Market Concentration
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North America Battery Market News

  • August 2022: Honda Motor Company announced the development of a lithium-ion battery plant for electric vehicles in the United States with Korean battery supplier LG Energy Solution Ltd for a USD 4.4 billion investment. As part of the partnership, the companies aim to produce approximately 40 GWh of batteries annually for use exclusively in North America's Honda and Acura electric vehicles.
  • May 2022: Stellantis N.V. and Samsung SDI announced the construction of an electric-vehicle lithium-ion battery manufacturing facility in Kokomo, Indiana, United States. It is anticipated that the plant will be operational in 2025, with an initial capacity of 23 GWh, with an aim to increase to 33 GWh in the next few years. The joint venture company is going to invest over USD 2.5 billion in the manufacturing plant.

North America Battery Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD, till 2029
  • 4.3 Battery/Raw Material Price Trends and Forecast, by Major Technology Type (in USD per kWh or USD per ton), till 2029
  • 4.4 International Trade Statistics (Import/Export Data), by Major Technology Type, by Major Countries, in USD , till 2022
  • 4.5 Recent Trends and Developments
  • 4.6 Government Policies and Regulations
  • 4.7 Market Dynamics
    • 4.7.1 Drivers
    • 4.7.1.1 Declining Lithium-ion Battery Prices
    • 4.7.1.2 Increasing Adoption of Electric Vehicles and Renewable Energy projects
    • 4.7.2 Restraints
    • 4.7.2.1 Demand-supply Gap of Raw Materials in Battery Market Value Chain
  • 4.8 Supply Chain Analysis
  • 4.9 Porter's Five Forces Analysis
    • 4.9.1 Bargaining Power of Suppliers
    • 4.9.2 Bargaining Power of Consumers
    • 4.9.3 Threat of New Entrants
    • 4.9.4 Threat of Substitutes Products and Services
    • 4.9.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Primary
    • 5.1.2 Secondary
  • 5.2 Technology
    • 5.2.1 Lead-acid
    • 5.2.2 Lithium-ion
    • 5.2.3 Other Technologies
  • 5.3 Application
    • 5.3.1 Automotive
    • 5.3.2 Industrial Batteries (Motive, Stationary (Telecom, UPS, Energy Storage Systems (ESS), etc.))
    • 5.3.3 Consumer Electronics
    • 5.3.4 Other Applications
  • 5.4 Geography
    • 5.4.1 United States
    • 5.4.2 Canada
    • 5.4.3 Rest of North America

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 BYD Co.Ltd.
    • 6.3.2 Contemporary Amperex Technology Co. Limited
    • 6.3.3 Duracell Inc.
    • 6.3.4 EnerSys
    • 6.3.5 Johnson Controls International PLC
    • 6.3.6 LG Chem Ltd.
    • 6.3.7 Panasonic Corporation
    • 6.3.8 Saft Groupe SA
    • 6.3.9 Samsung SDI Co. Ltd.
    • 6.3.10 Sony Corporation
    • 6.3.11 Tesla Inc.
  • *List Not Exhaustive
  • 6.4 Market Ranking/Share Analysis

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Growing Demand for Integration of Renewables with Energy Storage Systems
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North America Battery Industry Segmentation

A battery is a device that converts chemical energy contained within its active materials directly into electric energy by means of an electrochemical oxidation-reduction (redox) reaction. This type of reaction involves the transfer of electrons from one material to another via an electric circuit.

The North American battery market is segmented by type, technology, applications, and geography (United States, Canada, and the Rest of North America). By type, the market is segmented into primary and secondary. By technology, the market is segmented into lead-acid, lithium-ion, and other technologies. By application, the market is segmented into automotive, industrial batteries (motive, stationary (telecom, UPS, energy storage systems (ESS), etc.), consumer electronics, and other applications). The report also covers the market size and forecasts for the North American battery market across the major countries. 

For each segment, the market sizing and forecasts have been done based on revenue (USD).

Type Primary
Secondary
Technology Lead-acid
Lithium-ion
Other Technologies
Application Automotive
Industrial Batteries (Motive, Stationary (Telecom, UPS, Energy Storage Systems (ESS), etc.))
Consumer Electronics
Other Applications
Geography United States
Canada
Rest of North America
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North America Battery Market Research FAQs

How big is the North America Battery Market?

The North America Battery Market size is expected to reach USD 14.46 billion in 2025 and grow at a CAGR of 16.65% to reach USD 31.24 billion by 2030.

What is the current North America Battery Market size?

In 2025, the North America Battery Market size is expected to reach USD 14.46 billion.

Who are the key players in North America Battery Market?

BYD Co. Ltd, Panasonic Co., Contemporary Amperex Technology Co. Limited, LG Chem Ltd. and Samsung SDI Co., Ltd are the major companies operating in the North America Battery Market.

What years does this North America Battery Market cover, and what was the market size in 2024?

In 2024, the North America Battery Market size was estimated at USD 12.05 billion. The report covers the North America Battery Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the North America Battery Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

North America Battery Industry Report

Statistics for the 2025 North America Battery market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Battery analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.