PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1584603
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1584603
North America Lithium-ion Battery Market, By Type; By Component; By Voltage; By Power Capacity; By Vertical; By Country, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
North America Lithium-ion Battery Market Zooms 3.8X to Touch Staggering USD 54.7 Billion Value by 2030
North America Lithium-ion Battery Market is thriving due to an increasing demand for electric vehicles (EV), advancements in battery technology, rising renewable energy integration, and government incentives promoting clean energy solutions.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated North America Lithium-ion Battery Market size by value at USD 14.2 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects North America Lithium-ion Battery Market size to expand at a robust CAGR of 21.60% reaching a value of USD 54.65 billion by 2030. North America Lithium-ion Battery Market is driven by increasing demand for electric vehicles (EVs) and renewable energy storage systems. Government initiatives promoting clean energy and reducing carbon emissions further boost market growth. Advances in battery technology, leading to higher energy densities and longer lifespans, are also significant factors. Additionally, the rising use of lithium-ion batteries in consumer electronics and industrial applications, coupled with a growing emphasis on sustainability, propels the market forward.
Opportunity - Advancements and Innovations in Battery Management Systems
North America Lithium-ion Battery Market is experiencing significant growth due to advancements and innovations in battery management systems (BMS). Enhanced BMS technologies improve battery efficiency, safety, and lifespan by optimizing charge cycles and monitoring health metrics. Innovations, such as real-time diagnostics, smart algorithms, and wireless communication capabilities, enable better performance and reliability. These advancements are crucial for applications in EVs, renewable energy storage, and consumer electronics, driving demand for more sophisticated and efficient lithium-ion battery solutions.
Impact of Escalating Geopolitical Tensions on North America Lithium-ion Battery Market
Escalating geopolitical tensions could significantly impact North America Lithium-ion Battery Market by disrupting supply chains and increasing raw material costs, particularly for lithium and cobalt sourced from politically unstable regions. Manufacturers face uncertainties in trade policies, which could lead to delays in production and project timelines. Additionally, heightened competition for securing resources may prompt investment shifts, affecting innovation and pricing. Companies may seek to diversify supply sources or invest in domestic mining and recycling initiatives to mitigate risks.
Automotive Is Leading Vertical in North America Lithium-ion Battery Market
The automotive sector is the largest industry vertical in North America Lithium-ion Battery Market. The sector's dominance is driven by the rapid expansion of electric vehicles (EVs) and an increasing demand for energy storage solutions in the transportation industry. Government incentives for EV adoption, alongside technological advancements in battery performance and cost reductions, further fuel the growth of lithium-ion batteries in the automotive segment, making it the leading contributor to the overall market expansion in North America.
Competitive Landscape
North America Lithium-ion Battery Market is fiercely competitive, with numerous companies vying for a larger market share. Major companies in the 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. These companies use various strategies, including increasing investments in their R&D activities, mergers and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in North America Lithium-ion Battery Market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of North America Lithium-ion Battery Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technological trends in North America Lithium-ion Battery Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. North America Lithium-ion Battery Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Increasing demand for electric vehicles (EVs)
- 3.2.1.2. Rising sales of smartphones, laptops, tablets, and wearable devices
- 3.2.1.3. Growing deployment of renewable energy sources (solar, wind)
- 3.2.2. Restraints
- 3.2.2.1. Dependency on raw material imports (lithium, cobalt, nickel)
- 3.2.2.2. High initial costs associated with lithium-ion batteries
- 3.2.2.3. Safety concerns related to battery overheating, fire risks, and handling
- 3.2.3. Opportunities
- 3.2.3.1. Advancements and innovation in battery management systems
- 3.2.3.2. Supportive policies, subsidies, and incentives promoting electric vehicles and renewable energy storage systems.
- 3.2.4. Challenges
- 3.2.4.1. Compliance with varying regulations and standards across different countries and regions.
- 3.2.4.2. Infrastructure investment and deployment challenges
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. 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
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.1.1. Lithium Cobalt Oxide (LCO)
- 6.2.1.2. Lithium Manganese Oxide (LMO)
- 6.2.1.3. Lithium Nickel Manganese Cobalt Oxide (LI-NMC)
- 6.2.1.4. Lithium Iron Phosphate (LFP)
- 6.2.1.5. Lithium Nickel Cobalt Aluminum Oxide (NCA)
- 6.2.1.6. Lithium Titanate Oxide (LTO)
- 6.2.2. By Component
- 6.2.2.1. Anode
- 6.2.2.2. Cathode
- 6.2.2.3. Electrolytic
- 6.2.2.4. Separator
- 6.2.3. By Voltage
- 6.2.3.1. Low
- 6.2.3.2. Medium
- 6.2.3.3. High
- 6.2.4. By Power Capacity
- 6.2.4.1. Below 3000 mAh
- 6.2.4.2. 3000-10000 mAh
- 6.2.4.3. 10000-60000 mAh
- 6.2.4.4. Above 60000 mAh
- 6.2.5. By Vertical
- 6.2.5.1. Automotive
- 6.2.5.2. Consumer Electronics
- 6.2.5.3. Aerospace & Defense
- 6.2.5.4. Industrial
- 6.2.5.5. Construction
- 6.2.5.6. Power
- 6.2.5.7. Others (Telecom, Marine)
- 6.2.6. By Country
- 6.2.6.1. United States
- 6.2.6.2. Canada
- 6.2.1. By Type
7. United States Lithium-ion Battery Market Overview
- 7.1. Market Size & Forecast, 2019-2030
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Component
- 7.2.3. By Voltage
- 7.2.4. By Power Capacity
- 7.2.5. By Vertical
8. Canada Lithium-ion Battery Market Overview
- 8.1. Market Size & Forecast, 2019-2030
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Component
- 8.2.3. By Voltage
- 8.2.4. By Power Capacity
- 8.2.5. By Vertical
9. Impact of Geopolitical Tension on North America Lithium-ion Battery Market
10. Competitive Landscape
- 10.1. List of Key Players and Their Offerings
- 10.2. North America Lithium-ion Battery Company Market Share Analysis, 2023
- 10.3. Competitive Benchmarking, By Operating Parameters
- 10.4. 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)
- 12.1. BYD Company Ltd
- 12.2. Contemporary Amperex Technology Co. Limited
- 12.3. EnerSys
- 12.4. Duracell Inc.
- 12.5. Clarios (Formerly Johnson Controls International PLC)
- 12.6. LG Chem Ltd
- 12.7. Panasonic Corporation
- 12.8. VARTA AG
- 12.9. Samsung SDI Co. Ltd
- 12.10. Sony Corporation
- 12.11. Tesla Inc.
- 12.12. Other Prominent Players
13. Key Strategic Recommendations
14. Research Methodology
- 14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
- 14.2. Quantitative Research
- 14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
- 14.4. Breakdown of Primary Research Respondents, By Country
- 14.5. 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
