North America Battery Market

North America battery Market Overview:

The North America battery market size reached USD 37.02 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 74.63 Billion by 2033, exhibiting a growth rate (CAGR) of 8.10% during 2025-2033. The North America battery market growth is driven by the escalating demand for electric vehicles, renewable energy storage, and technological advancements, with significant investments in battery research and development, alongside favorable government policies promoting energy transition and sustainable solutions, fostering substantial market growth.

North America Battery Market Trends:

Increase in Demand for Electric Vehicle (EV) Batteries

The North America battery market share is witnessing significant growth due to the rising adoption of electric vehicles (EVs), driven by government incentives, environmental regulations, and advancements in battery technology. For instance, the U.S. Department of Energy stated on January 18, 2024, that it would be investing more than USD 131 Million to further research and development of electric vehicle batteries and charging infrastructure. Support for a consortium that aims to solve important goals for the upcoming stage of widespread EV commercialization is part of this financing. The project aims to create a safe, sustainable domestic battery supply chain, increase driving range, and reduce the cost of EV technology. Apart from this, automakers are investing heavily in lithium-ion and solid-state batteries to enhance EV performance, reduce charging time, and increase range. Additionally, infrastructure development, including fast-charging networks, is further propelling demand. With increasing consumer preference for sustainable transportation and declining battery costs, the EV battery sector is expected to dominate the market in the coming years.

Expansion of Renewable Energy Storage Solutions

The transition towards renewable energy sources is accelerating the demand for advanced battery storage solutions in North America. For instance, Eos Energy Enterprises declared on December 20, 2024, that it would build a new factory called Factory 2 Works in order to satisfy the growing demand for energy storage products manufactured in the United States. As the need for data centers and renewable energy sources increases, there is a rising need for dependable, long-duration energy storage systems, which this expansion attempts to provide. In addition to supporting local economic growth and increasing the country's energy security and independence, the new facility is anticipated to generate hundreds of jobs.  Utility-scale energy storage systems are also being deployed to support grid stability and integrate solar and wind power efficiently. Innovations in lithium-ion, sodium-ion, and flow battery technologies are improving energy storage capabilities, enhancing reliability and longevity. Government policies and incentives for clean energy projects are further creating a positive impact on North America battery market outlook. As energy grids modernize, battery storage solutions are playing a crucial role in achieving sustainability and energy independence.

North America Battery Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional level for 2025-2033. Our report has categorized the market based on type, technology and application.

Type Insights:

• Primary
• Secondary

The report has provided a detailed breakup and analysis of the market based on the type. This includes primary and secondary.

Technology Insights:

• Lead-acid
• Lithium-ion
• Others

A detailed breakup and analysis of the market based on the technology have also been provided in the report. This includes lead-acid, lithium-ion and others.

Application Insights:

• Automotive
• Industrial Batteries
• Consumer Electronics
• Others

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes automotive, industrial batteries, consumer electronics and others.

Country Insights:

• United States
• Canada

The report has also provided a comprehensive analysis of all the major regional markets, which include United States, Canada.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

North America Battery Market News:

• On December 5, 2024, Zeta Energy Corp. and Stellantis N.V. established a cooperative development agreement to expand lithium-sulfur battery technology for electric vehicles. By developing battery packs that are substantially lighter and have equivalent useful energy to existing lithium-ion batteries, the partnership hopes to improve vehicle performance, handling, and range. Furthermore, the technology might lower battery costs to less than half the price per kilowatt-hour of current lithium-ion batteries and increase fast-charging speeds by up to 50%.
• On February 17, 2025, Blue Whale Materials and Call2Recycle announced a strategic partnership to improve recycling of lithium-ion batteries in North America. Battery collection from Call2Recycle's wide nationwide network will be processed at Blue Whale Materials' facility in Bartlesville, Oklahoma, thanks to this partnership. By addressing the pressing demand for domestically sourced battery materials, the alliance hopes to ensure a safe and sustainable battery supply chain.

North America Battery Market Report Coverage:

Key Questions Answered in This Report:

• How has the North America battery market performed so far and how will it perform in the coming years?
• What is the breakup of the North America battery market on the basis of type?
• What is the breakup of the North America battery market on the basis of technology?
• What is the breakup of the North America battery market on the basis of application?
• What are the various stages in the value chain of the North America battery market? 
• What are the key driving factors and challenges in the North America battery?
• What is the structure of the North America battery market and who are the key players?
• What is the degree of competition in the North America battery market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the North America battery market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the North America battery market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the North America battery industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.