Market Overview:
The United States rechargeable battery market size reached US$ 30.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 62.0 Billion by 2032, exhibiting a growth rate (CAGR) of 7.94% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023 |
US$ 30.5 Billion |
Market Forecast in 2032 |
US$ 62.0 Billion |
Market Growth Rate (2024-2032) |
7.94% |
Rechargeable batteries, also known as accumulators and secondary cells, are electrochemical devices that comprise electrolytes, anodes and cathodes to convert chemical energy into electrical energy. These batteries are cost-efficient, durable and considered an ecological and sustainable replacement of non-rechargeable batteries. They are available in diversified shapes and sizes, ranging from button-sized cells to industrial megawatt systems. Consequently, they find extensive applications in mobile phones, laptops, cordless power tools and MP3 players in the United States.
With the increasing environmental concerns and inflating petroleum and diesel prices, the demand for electric vehicles (EVs) is escalating. This represents one of the key factors contributing to the rechargeable battery market growth in the United States. Apart from this, the rising emphasis on renewable energy sources for generating electricity is resulting in the increasing adoption of grid energy storage. This is positively influencing the demand for lithium-ion batteries as they are compact and lightweight, and offer low self-discharge rates and high efficiency. Furthermore, the key players are focusing on developing flow batteries that can double the power output without taking additional space. These technological advancements are anticipated to drive the market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the United States rechargeable battery market report, along with forecasts at the country and regional levels from 2024-2032. Our report has categorized the market based on battery type, capacity and application.
Breakup by Battery Type:
- Lead-Acid Batteries
- Li-ion Batteries
- NiMH Batteries
- NiCd Batteries
- Others
Breakup by Capacity:
- 150 - 1000 mAh
- 1300 - 2700 mAh
- 3000 - 4000 mAh
- 4000 - 6000 mAh
- 6000 - 10000 mAh
- More than 10000 mAh
Breakup by Application:
- Consumer Electronics
- Industrial Applications
- Automobile Applications
- Defence
- Others
Breakup by Region:
- Northeast
- Midwest
- South
- West
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Billion |
Scope of the Report |
Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
- Battery Type
- Capacity
- Application
- Region
|
Battery Types Covered |
Lead-Acid Batteries, Li-ion Batteries, NiMH Batteries, NiCd Batteries, Others |
Capacities Covered |
150 - 1000 mAh, 1300 - 2700 mAh, 3000 - 4000 mAh, 4000 - 6000 mAh, 6000 - 10000 mAh, More than 10000 mAh |
Applications Covered |
Consumer Electronics, Industrial Applications, Automobile Applications, Defence, Others |
Regions Covered |
Northeast, Midwest, South, West |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the United States rechargeable battery market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the United States rechargeable battery market?
- What are the key regional markets?
- What is the breakup of the market based on the battery type?
- What is the breakup of the market based on the capacity?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the United States rechargeable battery market and who are the key players?
- What is the degree of competition in the industry?