United States Lithium-Ion Battery Market by Type (Lithium Cobalt Oxide, Lithium Nickel Manganese Cobalt Oxide, Others), By Application (Consumer Electronics, Industrial, Automotive, and Others), By Battery Capacity (Up to 4000 mAh, 4001-15000 mAh, 15001-50000 mAh, above 50000 mAh), By Region, Competition, Forecast & Opportunities 2028
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Power | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationUnited States Lithium-Ion Battery Market by Type (Lithium Cobalt Oxide, Lithium Nickel Manganese Cobalt Oxide, Others), By Application (Consumer Electronics, Industrial, Automotive, and Others), By Battery Capacity (Up to 4000 mAh, 4001-15000 mAh, 15001-50000 mAh, above 50000 mAh), By Region, Competition, Forecast & Opportunities 2028
| Forecast Period | 2024-2028 |
| Market Size (2022) | USD 9.98 Billion |
| CAGR (2023-2028) | 22.57% |
| Fastest Growing Segment | Automotive |
| Largest Market | Mid-West Region |
United States lithium-ion battery market
The United States electric vehicle market has been gaining traction due to government incentives and the availability of improved battery technology. This has led to the increased adoption of
The increased demand for energy storage solutions and
In conclusion, the United States lithium-ion battery market is expected to witness significant growth in the coming years due to the increasing demand for consumer electronics and
Increasing usage of lithium batteries in consumer electronics
The use of lithium-ion batteries in consumer electronics serves as an important driver for the growth of the market. The growing demand for consumer electronics and the increasing popularity toward a greener lifestyle is driving the demand for lithium-ion batteries. Moreover, technological advancements in the field of lithium-ion batteries have made them lighter and more efficient, further fuelling their demand in the consumer electronics sector.
The United States lithium-ion battery market is well-equipped to meet the increased demand for lithium-ion batteries. The presence of major players such as Panasonic Corporation, BYD Company Limited, and LG Chem Ltd has made the supply chain for these batteries stronger and more efficient. The penetration of e-commerce is also helping to enhance sales and distribution of lithium-ion batteries across the country.
The United States lithium-ion battery market is currently driven by the increasing demand for energy storage. This is due to the growing adoption of renewable energy sources such as solar and wind power and the deployment of energy storage systems to improve grid stability and resilience. Additionally, the need for energy storage is being fuelled by the rapid adoption of
Increasing demand from the automotive sector
The United States lithium-ion battery market is seeing a surge of growth due to the increasing demand for energy storage in the automotive space. Driven by a keen focus on reducing carbon emissions and achieving sustainable transport, the industry's adoption of EVs is fuelling the need for lithium-ion batteries. With these vehicles relying heavily on lithium-ion batteries for their primary energy storage solution, the market for the technology is steadily rising. In addition to the consumer-facing element, commercial EV applications such as passenger cars, buses, and trucks are also contributing to the increased demand for lithium-ion batteries. Automakers are looking to meet consumers' needs by providing advanced batteries capable of delivering enhanced performance and driving range. Governmental initiatives and regulations are working to stimulate the energy storage needs of the automotive sector. Federal and state-led credits, subsidies, grants, and emission standards have been integral in encouraging the adoption of
Recent Developments
- InApril 2023, Panasonic Holdings contemplated the establishment of a newmanufacturing site in the American state of Oklahoma, which would be dedicatedto the production of batteries for EVs. This information has been sourced froma trusted acquaintance of the matters. Upon formal approval, the facility willbe Panasonic's third electric vehicle batteries factory in the United States,joining the flagship sites in Nevada and Kansas, as the corporation responds tothe burgeoning demand for EVs in North America. This factory presently suppliesbatteries to electric car leader Tesla.
Market Segments
The United States lithium-ion battery market is segmented into type, application, battery, and region. Based on type, the market is segmented into lithium cobalt oxide, lithium nickel manganese cobalt oxide and others. Based on application, the market is divided into consumer electronics, industrial, automotive, and others.
Market Players
Major market players of the
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | By Type By Application By Battery Capacity By Region |
| Regional scope | North East Region, South East Region, North Region, Mid-West region, and South Region |
| Key companies profiled | Tesla, Inc, LG Chem Ltd, Samsung SDI, BYD Company Limited, A123 SYSTEMS, LLC, Enphase Energy, Inc, Panasonic Corporation of North America, Boston-Power, Inc, Johnson Controls, and Samsung SDI Co. Ltd. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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