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The market size for lithium-ion battery in North America reached a value of more than USD 16.19 Billion in 2023. The North America lithium-ion battery market is expected to grow at a CAGR of 13.4% between 2024 and 2032, reaching a projected value of USD 50.20 billion by 2032.
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A lithium-ion battery is an innovative battery technology that further employs lithium ions as a major part of its electrochemistry. They go from the anode and then go through the electrolyte till they achieve the cathode, where lithium ions combine again with their electrons and electrically defuse. Furthermore, lithium atoms in the anode are ionised as well as removed from their electrons during a discharge cycle.
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Based on product type, the market can be segmented into lithium cobalt oxide, lithium iron phosphate, lithium nickel manganese cobalt, and lithium manganese oxide, among others. According to power capacity, the market can be divided into 0 to 3,000 mAh, 3,000 mAh to 10,000 mAh, 10,000 mAh to 60,000 mAh, and more than 60,000 mAh. On the basis of the end-use, the market is segmented into consumer electronics, electric vehicles, and energy storage, among others. Based on country markets the market can be divided into the United States and Canada.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the North America Lithium-ion Battery market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
The lithium cobalt oxide segment is likely to witness growth in the North America lithium-ion battery market share owing to the rise in the demand for lithium cobalt oxide batteries in tablets, mobile phones, cameras, and laptops. This is due to its high safety level as well as high energy density which is likely to drive market growth in the coming years.
Geographically, the United States is expected to gain momentum in the North America lithium-ion battery market share due to the presence of major market players in the region. The increasing environmental concerns among people along with the rise in consumer electronics sales like laptops and mobiles is further expected to fuel the market growth in the United States during the forecast period.
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Contemporary Amperex Technology Limited (CATL) is Chinese battery technology production company. It specialises in producing lithium-ion batteries for energy storage systems and electric vehicles along with battery management systems
Panasonic Corporation is a Japan-based company that produces, sells, services, and develops a variety of electronic and electric products. The company deals in four primary segments: eco-solutions, automotive and industrial systems, appliances, and connected solutions.
Tesla Inc. is a multinational company based in the United States that specialises in clean energy and automotives. It manufactures as well as designs battery energy storage ranging from home to grid-scale and electric vehicles, along with solar panels as well as solar roof tiles, among other associated services and products.
Other market players include LG Energy Solution, BYD Motors Inc., Samsung SDI Corporation Limited, Duracell Inc., Clarios, EnerSys, NEC Corporation, and American Battery Solutions, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment-
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Breakup by Product Type |
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Breakup by Power Capacity |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Application
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Industry Opportunities and Challenges
8 North America Lithium-ion Battery Market Analysis
8.1 Key Industry Highlights
8.2 North America Lithium-ion Battery Historical Market (2018-2023)
8.3 North America Lithium-ion Battery Market Forecast (2024-2032)
8.4 North America Lithium-ion Battery Market by Product Type
8.4.1 Lithium Cobalt Oxide
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Lithium Iron Phosphate
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Lithium Nickel Manganese Cobalt
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Lithium Manganese Oxide
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2023)
8.4.4.3 Forecast Trend (2024-2032)
8.4.5 Others
8.5 North America Lithium-ion Battery Market by Power Capacity
8.5.1 0 to 3000 mAh
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 3000 mAh to 10000 mAh
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 10000 mAh to 60000 mAh
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 More than 60000 mAh
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 Forecast Trend (2024-2032)
8.6 North America Lithium-ion Battery Market by End Use
8.6.1 Consumer Electronics
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Electric Vehicles
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Energy Storage
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Others
8.7 North America Lithium-ion Battery Market by Country
8.7.1 Market Share
8.7.1.1 United Stats
8.7.1.2 Canada
9 Regional Analysis
9.1 United States
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Contemporary Amperex Technology Limited (CATL)
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 LG Energy Solution
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Panasonic Corporation
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 BYD Motors Inc.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Tesla Inc.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Samsung SDI Corporation Limited
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Duracell Inc.
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Clarios
12.2.8.1 Company Overview
12.2.8.2 Product Portfolio
12.2.8.3 Demographic Reach and Achievements
12.2.8.4 Certifications
12.2.9 EnerSys
12.2.9.1 Company Overview
12.2.9.2 Product Portfolio
12.2.9.3 Demographic Reach and Achievements
12.2.9.4 Certifications
12.2.10 NEC Corporation
12.2.10.1 Company Overview
12.2.10.2 Product Portfolio
12.2.10.3 Demographic Reach and Achievements
12.2.10.4 Certifications
12.2.11 American Battery Solutions
12.2.11.1 Company Overview
12.2.11.2 Product Portfolio
12.2.11.3 Demographic Reach and Achievements
12.2.11.4 Certifications
12.2.12 Others
13 Industry Events and Developments
List of Figures and Tables
1. North America Lithium-ion Battery Market: Key Industry Highlights, 2018 and 2032
2. North America Lithium-ion Battery Historical Market: Breakup by Product Type (USD Million), 2018-2023
3. North America Lithium-ion Battery Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4. North America Lithium-ion Battery Historical Market: Breakup by Power Capacity (USD Million), 2018-2023
5. North America Lithium-ion Battery Market Forecast: Breakup by Power Capacity (USD Million), 2024-2032
6. North America Lithium-ion Battery Historical Market: Breakup by End Use (USD Million), 2018-2023
7. North America Lithium-ion Battery Market Forecast: Breakup by End Use (USD Million), 2024-2032
8. North America Lithium-ion Battery Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Lithium-ion Battery Market Forecast: Breakup by Country (USD Million), 2024-2032
10. North America Lithium-ion Battery Market Structure
In 2023, the lithium-ion battery market in North America attained a value of nearly USD 16.19 billion.
The market is assessed to grow at a CAGR of 13.4% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a valuation of almost USD 50.20 billion by 2032.
The major market drivers are the growing automotive industry and the increase in the adoption of electric vehicles.
The key market trends include growing usage of lithium-ion batteries due to their safety, and increased adoption of end-use products featuring lithium-ion batteries.
The major countries in the market are the United States and Canada.
The various product types of lithium-ion batteries include lithium cobalt oxide, lithium iron phosphate, lithium nickel manganese cobalt, and lithium manganese oxide, among others.
The different power capacities of lithium-ion batteries include 0 to 3,000 mAh, 3,000 mAh to 10,000 mAh, 10,000 mAh to 60,000 mAh, and more than 60,000 mAh.
The different end-uses in the market for lithium-ion batteries include consumer electronics, electric vehicles, and energy storage, among others.
The major players in the North America lithium-ion battery market are Contemporary Amperex Technology Limited (CATL), LG Energy Solution, Panasonic Corporation, BYD Motors Inc., Tesla Inc., Samsung SDI Corporation Limited, Duracell Inc., Clarios, EnerSys, NEC Corporation, and American Battery Solutions, among others.
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