call Toll Free (US/Canada): +1 866 658 6826 | call+1 425 320 4776 | call (UK): +44 1865 60 0662 | call (Ind): +91 9096278110 | email info(@)blueweaveconsulting.com
Home | About Us | Career | Services | Blog | Contact Us
Blueweave
North America Lithium Ion Battery Market
Inquire Before Buying Request for Sample

North America Lithium Ion Battery Market

Home Energy And Power North America Lithium Ion Battery Market

North America Lithium-ion Battery Market, By Type (Lithium Cobalt Oxide (LCO), Lithium Manganese Oxide (LMO), Lithium Nickel Manganese Cobalt Oxide (LI-NMC), Lithium Iron Phosphate (LFP), Lithium Nickel Cobalt Aluminum Oxide (NCA), Lithium Titanate Oxide (LTO)); By Component (Anode, Cathode, Electrolytic, Separator); By Voltage (Low, Medium, High); By Power Capacity (Below 3000 mAh, 3000–10000 mAh, 10000–60000 mAh, Above 60000 mAh); By Vertical (Automotive, Consumer Electronics, Aerospace & Defense, Industrial, Construction, Power, Others (Telecom, Marine)); By Country (United States, Canada), Trend Analysis, Competitive Landscape & Forecast, 2019–2030

  • Published Date: October 2024
  • Report ID: BWC24759
  • Available Format: PDF
  • Page: 260

Report Overview

Continuous high adoption of electric vehicles (EVs), an increasing focus on storage solutions for renewable energy, technological advancements, and efficient recycling methods are expected to drive North America Lithium-ion Battery Market during the forecast period between 2024 and 2030.

North America Lithium-ion Battery Market – Industry Trends & Forecast Report, 2030

North America Lithium-ion Battery Market size by value was estimated at USD 14.2 billion in 2023. During the forecast period between 2024 and 2030, North America Lithium-ion Battery Market size is expected to expand at a CAGR of 21.60% reaching a value of USD 54.65 billion by 2030. North America Lithium-ion Battery Market is driven by several key factors. The increasing adoption of electric vehicles (EVs) is a major driver, supported by government incentives and expanding charging infrastructure. Additionally, the growing use of lithium-ion batteries for renewable energy storage solutions is significant. Technological advancements in battery efficiency and energy density, along with the development of efficient recycling and reuse technologies, further propel market growth. The rising demand for consumer electronics also contributes to the market's expansion.

North America Lithium-ion Battery Market

Lithium-ion Battery – Overview

Lithium-ion batteries are rechargeable batteries widely used in consumer electronics, electric vehicles (EVs), and renewable energy storage. They operate by shuttling lithium ions between the anode and cathode during charging and discharging cycles. Known for their high energy density, long cycle life, and efficiency, they have revolutionized portable electronics and electric mobility. These batteries consist of multiple cells and a protective circuit board, ensuring safety and performance. Their development has significantly impacted technology and energy storage solutions.

North America Lithium-ion Battery Market      

Growth Drivers

Increasing Demand for Electric Vehicles (EVs)

The surge in electric vehicle (EV) adoption is a primary growth driver for North America Lithium-Ion Battery Market. Government incentives, expanding charging infrastructure, and consumer preference for eco-friendly transportation are key factors. This trend is further supported by advancements in battery technology, which enhance EV performance and range. As more automakers commit to electrification, the demand for lithium-ion batteries is expected to rise significantly, driving market growth.

Challenges

High Initial Costs associated with Lithium-ion Batteries

One significant restraint in North America Lithium-ion Battery Market is the high initial costs. Despite their long-term benefits and declining prices, the upfront investment for lithium-ion batteries remains substantial. This cost barrier can deter adoption, particularly for smaller businesses and consumers. Additionally, the expenses related to raw materials, manufacturing, and technology development contribute to these high initial costs. Overcoming this challenge requires continued advancements in cost reduction and supportive government policies.

Impact of Escalating Geopolitical Tensions on North America Lithium-ion Battery Market

Intensifying geopolitical, economic, and trade tensions, particularly between the West and China, could adversely affect North America Lithium-ion Battery Market. China dominates lithium processing and battery manufacturing, creating supply chain vulnerabilities for North American companies. United States-China trade tensions could lead to supply disruptions, increased costs, and strategic shifts toward domestic production and alternative sources. Additionally, the uncertainties and potential for trade restrictions may hinder long-term investments in lithium mining and processing. As a result, North American companies are increasingly focusing on securing local supply chains and diversifying their sources to mitigate these geopolitical risks.

North America Lithium-ion Battery Market

Segmental Information

North America Lithium-ion Battery Market – By Type

By type, North America Lithium-ion Battery Market is divided into Lithium Cobalt Oxide (LCO), Lithium Manganese Oxide (LMO), Lithium Nickel Manganese Cobalt Oxide (Li-NMC), Lithium Iron Phosphate (LFP), Lithium Nickel Cobalt Aluminum Oxide (NCA), and Lithium Titanate Oxide (LTO) segments. Lithium Nickel Manganese Cobalt Oxide (Li-NMC) segment typically holds the largest market share of North America Lithium-ion Battery Market by type. Li-NMC batteries are favored due to their balanced performance in terms of energy density, lifespan, and safety. They are widely used in electric vehicles (EVs), consumer electronics, and energy storage systems, making them a key driver in the growth of the market. The increasing demand for EVs and renewable energy integration supports the dominance of Li-NMC batteries in the region.

North America Lithium-ion Battery Market – By Component

Based on component, North America Lithium-ion Battery Market is divided into Anode, Cathode, Electrolytic, and Separator segments. The cathode segment holds the largest share of North America Lithium-ion Battery Market by component. The leadership position of cathode segment is driven by the rising demand for electric vehicles (EVs) and energy storage systems, where cathodes play a crucial role in battery performance, energy density, and safety. The increasing adoption of advanced cathode materials like nickel-cobalt-manganese (NCM) and lithium-iron-phosphate (LFP) is further boosting its demand, making the cathode segment the most significant in the market.

North America Lithium-ion Battery Market Size

North America Lithium-ion Battery Market – By Voltage

On the basis of voltage, North America Lithium-ion Battery Market is divided into Low, Medium, and High segments. The high voltage segment accounts for the largest share of North America Lithium-ion Battery Market by voltage, due to an increasing demand for high-capacity lithium-ion batteries in applications, such as electric vehicles (EVs), renewable energy storage, and industrial uses. The increasing adoption of EVs, coupled with advancements in energy storage systems for grid applications, has boosted the demand for high-power lithium-ion batteries in the region.

North America Lithium-ion Battery Market Share

North America Lithium-ion Battery Market – By Power Capacity

By power capacity, North America Lithium-ion Battery Market is divided into Below 3000 mAh, 3000–10000 mAh, 10000–60000 mAh, and Above 60000 mAh segments. The 3000–10000 mAh segment holds the largest share of North America Lithium-ion Battery Market by power capacity. The segment’s dominance is driven by the widespread use of lithium-ion batteries in consumer electronics, such as smartphones, laptops, and tablets, which typically require batteries within this capacity range. Additionally, the growing demand for electric vehicles (EVs) and energy storage systems further supports this segment, as these applications often utilize batteries in this mAh range for enhanced efficiency and power density.

North America Lithium-ion Battery Market – By Country

Geographically, North America Lithium-ion Battery Market is divided into United States and Canada. United States dominates the market due to its robust automotive and consumer electronics industries, significant investments in renewable energy, and advancements in electric vehicle technology. Key players, including Tesla and General Motors, contribute to the high demand for lithium-ion batteries, further driving market growth. Canada also plays a role but remains smaller in comparison, primarily focused on energy storage and mining applications.

North America Lithium-ion Battery Market Share

Competitive Landscape

Key players in the highly competitive North America Lithium-ion Battery Market include BYD Company Ltd, Contemporary Amperex Technology Co. Limited, EnerSys, Duracell Inc., Clarios (Formerly Johnson Controls International PLC), LG Chem Ltd, Panasonic Corporation, VARTA AG, Samsung SDI Co. Ltd, Sony Corporation, and Tesla Inc. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

  • In November 2023 - The Office of the Assistant Secretary for Industrial Base Policy agreed with Albemarle Corporation to increase domestic mining and production of lithium to increase the manufacturing of lithium-ion batteries. The agreement, worth USD 90 million, is expected to support Albemarle's planned re-opening of their Kings Mountain, N.C. lithium mine.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2023

Base Year – 2023

Estimated Year – 2024

Forecast Period – 2024–2030

Facts Covered

Revenue in USD Billion 

Market Coverage

United States, Canada

Product/Service Segmentation

Type, Component, Voltage, Power Capacity, Vertical, Country

Key Players

BYD Company Ltd, Contemporary Amperex Technology Co. Limited, EnerSys, Duracell Inc., Clarios (Formerly Johnson Controls International PLC), LG Chem Ltd, Panasonic Corporation, VARTA AG, Samsung SDI Co. Ltd, Sony Corporation, Tesla Inc.

 

By Type

  • Lithium Cobalt Oxide (LCO)

  • Lithium Manganese Oxide (LMO)

  • Lithium Nickel Manganese Cobalt Oxide (Li-NMC)

  • Lithium Iron Phosphate (LFP)

  • Lithium Nickel Cobalt Aluminum Oxide (NCA)

  • Lithium Titanate Oxide (LTO)

By Component

  • Anode

  • Cathode

  • Electrolytic

  • Separator

By Voltage

  • Low

  • Medium

  • High

By Power Capacity

  • Below 3000 mAh

  • 3000–10000 mAh

  • 10000–60000 mAh

  • Above 60000 mAh

By Vertical

  • Automotive

  • Consumer Electronics

  • Aerospace & Defense

  • Industrial

  • Construction

  • Power

  • Others (Telecom, Marine)

By Country

  • United States

  • Canada

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. North America Lithium-ion Battery Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Increasing demand for electric vehicles (EVs)
        2. Rising sales of smartphones, laptops, tablets, and wearable devices
        3. Growing deployment of renewable energy sources (solar, wind)
      2. Restraints
        1. Dependency on raw material imports (lithium, cobalt, nickel)
        2. High initial costs associated with lithium-ion batteries
        3. Safety concerns related to battery overheating, fire risks, and handling
      3. Opportunities
        1. Advancements and innovation in battery management systems
        2. Supportive policies, subsidies, and incentives promoting electric vehicles and renewable energy storage systems.
      4. Challenges
        1. Compliance with varying regulations and standards across different countries and regions.
        2. Infrastructure investment and deployment challenges
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. North America Metal Lithium-ion Battery Market: Pricing Analysis
  5. North America Metal Lithium-ion Battery Market: Marketing Strategies
  6. North America Lithium-ion Battery Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
        1. Lithium Cobalt Oxide (LCO)
        2. Lithium Manganese Oxide (LMO)
        3.  Lithium Nickel Manganese Cobalt Oxide (LI-NMC)
        4.  Lithium Iron Phosphate (LFP)
        5. Lithium Nickel Cobalt Aluminum Oxide (NCA)
        6.  Lithium Titanate Oxide (LTO)
      2. By Component
        1. Anode
        2. Cathode
        3. Electrolytic
        4.  Separator
      3. By Voltage
        1. Low
        2. Medium
        3. High
      4. By Power Capacity
        1. Below 3000 mAh
        2. 3000–10000 mAh
        3.  10000–60000 mAh
        4. Above 60000 mAh
      5. By Vertical
        1. Automotive
        2. Consumer Electronics
        3. Aerospace & Defense
        4.  Industrial
        5. Construction
        6. Power
        7.  Others (Telecom, Marine)
      6. By Country
        1. United States
        2. Canada
  7. United States Lithium-ion Battery Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Component
      3. By Voltage
      4. By Power Capacity
      5. By Vertical
  8. Canada Lithium-ion Battery Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Component
      3. By Voltage
      4. By Power Capacity
      5. By Vertical
  9. Impact of Geopolitical Tension on North America Lithium-ion Battery Market
  10. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. North America Lithium-ion Battery Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  11. Impact of Escalating Geopolitical Tensions on North America Lithium-ion Battery Market
  12. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. BYD Company Ltd
    2. Contemporary Amperex Technology Co. Limited
    3. EnerSys
    4. Duracell Inc.
    5. Clarios (Formerly Johnson Controls International PLC)
    6. LG Chem Ltd
    7. Panasonic Corporation
    8. VARTA AG
    9. Samsung SDI Co. Ltd
    10. Sony Corporation
    11. Tesla Inc.
    12. Other Prominent Players
  13. Key Strategic Recommendations
  14. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Country
    5. Assumption & Limitation

 

* Financial information of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

 

List of Figures

 

Figure 1       North America Lithium-ion Battery Market Segmentation

Figure 2       North America Lithium-ion Battery Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       North America Lithium-ion Battery Market Size, By Value (USD Billion), 2019–2030

Figure 5       North America Lithium-ion Battery Market Share, By Type, By Value (USD Billion), 2019–2030

Figure 6       North America Lithium-ion Battery Market Share, By Component, By Value (USD Billion), 2019–2030

Figure 7       North America Lithium-ion Battery Market Share, By Voltage, By Value (USD Billion), 2019–2030

Figure 8       North America Lithium-ion Battery Market Share, By Power Capacity, By Value (USD Billion), 2019–2030

Figure 9       North America Lithium-ion Battery Market Share, By Vertical, By Value (USD Billion), 2019–2030

Figure 10     North America Lithium-ion Battery Market Share, By Country, By Value (USD Billion), 2019–2030

Figure 11     United States Lithium-ion Battery Market Size, By Value (USD Billion), 2019–2030

Figure 12     United States Lithium-ion Battery Market Share, By Type, By Value (USD Billion), 2019–2030

Figure 13     United States Lithium-ion Battery Market Share, By Component, By Value (USD Billion), 2019–2030

Figure 14     United States Lithium-ion Battery Market Share, By Voltage, By Value (USD Billion), 2019–2030

Figure 15     United States Lithium-ion Battery Market Share, By Power Capacity, By Value (USD Billion), 2019–2030

Figure 16     United States Lithium-ion Battery Market Share, By Vertical, By Value (USD Billion), 2019–2030

Figure 17     Canada Lithium-ion Battery Market Size, By Value (USD Billion), 2019–2030

Figure 18     Canada Lithium-ion Battery Market Share, By Type, By Value (USD Billion), 2019–2030

Figure 19     Canada Lithium-ion Battery Market Share, By Component, By Value (USD Billion), 2019–2030

Figure 20     Canada Lithium-ion Battery Market Share, By Voltage, By Value (USD Billion), 2019–2030

Figure 21     Canada Lithium-ion Battery Market Share, By Power Capacity, By Value (USD Billion), 2019–2030

Figure 22     Canada Lithium-ion Battery Market Share, By Vertical, By Value (USD Billion), 2019–2030

 

List of Tables

 

Table 1      North America Lithium-ion Battery Market Size, By Value (USD Billion), 2019–2030

Table 2      North America Lithium-ion Battery Market Share, By Type, By Value (USD Billion), 2019–2030

Table 3      North America Lithium-ion Battery Market Share, By Component, By Value (USD Billion), 2019–2030

Table 4      North America Lithium-ion Battery Market Share, By Voltage, By Value (USD Billion), 2019–2030

Table 5      North America Lithium-ion Battery Market Share, By Power Capacity, By Value (USD Billion), 2019–2030

Table 6      North America Lithium-ion Battery Market Share, By Vertical, By Value (USD Billion), 2019–2030

Table 7      North America Lithium-ion Battery Market Share, By Country, By Value (USD Billion), 2019–2030

Table 8      United States Lithium-ion Battery Market Size, By Value (USD Billion), 2019–2030

Table 9      United States Lithium-ion Battery Market Share, By Type, By Value (USD Billion), 2019–2030

Table 10    United States Lithium-ion Battery Market Share, By Component, By Value (USD Billion), 2019–2030

Table 11    United States Lithium-ion Battery Market Share, By Voltage, By Value (USD Billion), 2019–2030

Table 12    United States Lithium-ion Battery Market Share, By Power Capacity, By Value (USD Billion), 2019–2030

Table 13    United States Lithium-ion Battery Market Share, By Vertical, By Value (USD Billion), 2019–2030

Table 14    Canada Lithium-ion Battery Market Size, By Value (USD Billion), 2019–2030

Table 15    Canada Lithium-ion Battery Market Share, By Type, By Value (USD Billion), 2019–2030

Table 16    Canada Lithium-ion Battery Market Share, By Component, By Value (USD Billion), 2019–2030

Table 17    Canada Lithium-ion Battery Market Share, By Voltage, By Value (USD Billion), 2019–2030

Table 18    Canada Lithium-ion Battery Market Share, By Power Capacity, By Value (USD Billion), 2019–2030

Table 19    Canada Lithium-ion Battery Market Share, By Vertical, By Value (USD Billion), 2019–2030

Table 20    BYD Company Ltd Company Overview

Table 21    BYD Company Ltd Financial Overview

Table 22    Contemporary Amperex Technology Co. Limited Company Overview

Table 23    Contemporary Amperex Technology Co. Limited Financial Overview

Table 24    EnerSys Company Overview

Table 25    EnerSys Financial Overview

Table 26    Duracell Inc. Company Overview

Table 27    Duracell Inc. Financial Overview

Table 28    Clarios (Formerly Johnson Controls International PLC) Company Overview

Table 29    Clarios (Formerly Johnson Controls International PLC) Financial Overview

Table 30    LG Chem Ltd Company Overview

Table 31    LG Chem Ltd Financial Overview

Table 32    Panasonic Corporation Company Overview

Table 33    Panasonic Corporation Financial Overview

Table 34    VARTA AG Company Overview

Table 35    VARTA AG Financial Overview

Table 36    Samsung SDI Co. Ltd Company Overview

Table 37    Samsung SDI Co. Ltd Financial Overview

Table 38    Sony Corporation Company Overview

Table 39    Sony Corporation Financial Overview

Table 40    Tesla Inc. Company Overview

Table 41    Tesla Inc. Financial Overview

Market Segmentation

No data available
No data available

To request a free sample copy of this report, please complete the form below.

We value your investment and offer free customization with every report to fulfil your exact research needs.

This website is secure and your personal details are safe.

Frequently Asked Questions (FAQs):

Ans: North America Lithium-ion Battery Market size by value was estimated at USD 14.2 billion in 2023.
Ans: North America Lithium-ion Battery Market by value is expected to grow at a CAGR of 21.60% during the forecast period between 2024 and 2030.
Ans: North America Lithium-ion Battery Market size is forecast to reach a value of USD 54.65 billion by 2030.
Ans: Growth of North America Lithium-ion Battery Market is primarily driven by the growing adoption of electric vehicles, increased renewable energy storage, technological advancements, and efficient recycling methods.
Ans: The Lithium Nickel Manganese Cobalt Oxide (Li-NMC) segment accounts for the largest market share of North America Lithium-ion Battery Market by type.
Ans: Key players in North America Lithium-ion Battery Market include BYD Company Ltd, Contemporary Amperex Technology Co. Limited, EnerSys, Duracell Inc., Clarios (Formerly Johnson Controls International PLC), LG Chem Ltd., Panasonic Corporation, VARTA AG, Samsung SDI Co. Ltd., Sony Corporation, and Tesla Inc.