US Battery Market 2025-2035

Description

List of Tables

US Battery Market Size, Share & Trends Analysis Report by Category (Primary (Non-rechargeable) Batteries, and Secondary (Rechargeable) Batteries), by Type (Lithium Ion (Li-Ion), Nickel-Metal Hydride (NI-MH), Nickel Cadmium, Lead Acid, and Others (Solid-state batteries)), and by Application (Automotive, Industrial, Consumer Electronics, Energy Storage Systems (ESS), Medical Devices, and Defense and Aerospace), Forecast Period (2025-2035)

Industry Overview

US battery market was valued at $19.1 billion in 2024 and is projected to reach $74.3 billion by 2035, growing at a CAGR of 13.5% during the forecast period (2025-2035). The US is enhancing regional capabilities and driving market growth by establishing specialized battery materials plants in key states as part of its strategic infrastructure expansion. For instance, in February 2024, Ascend Elements raised $162 million to build sustainable lithium-ion battery materials in the US, bringing its 12-month funding total to $704 million. The funding advances the construction of the Apex 1 facility in Kentucky, North America's first sustainable cathode precursor manufacturing facility, which produces sustainable materials for electric vehicles.

Market Dynamics

Surging EV Demand

The rise in electric vehicle (EV) usage is boosting the demand for high-capacity, fast-charging, and durable batteries due to increased automaker competition. According to the International Council on Clean Transportation Org., in 2024, the electric vehicle (EV) market achieved 1.56 million sales, comprising 10% of all light-duty vehicle sales. By this time, one-third of automakers had introduced at least nine EV models, with the majority of new models being launched in 2021 and 2022. However, few new models were released in 2023 and 2024, and most were priced above $55,000, reflecting a growth in the market share of EVs from 2% in 2020 to 10% in 2024. Additionally, in 2024, non-Tesla EV sales increased by 20% from the previous year, reaching around 960,000 units and contributing to a 0.4% rise in the overall EV market share. Among traditional automakers, only Volkswagen and Stellantis experienced declines in EV sales, while BMW and Mercedes-Benz reported stable figures compared to 2023. Overall, except for Volkswagen and Stellantis, legacy automakers achieved their highest EV sales in 2024, collectively growing by 20%.

Energy Security Concerns

Strengthening domestic battery supply chains is crucial for improving national energy security, reducing global supply disruption vulnerability, and driving market growth. For instance, in March 2025, SK On and Nissan signed a battery supply agreement to support future EV production in America. It will supply nearly 100 GWh of high-performance, high-nickel batteries from 2028 to 2033, boosting Nissan's future electrification strategy and SK On's North American market presence. The project required an investment of $661 million, covering equipment acquisitions, and complements Nissan's previous $500 million commitment to enhancing EV production capabilities at the Canton Assembly Plant.

Market Segmentation

Based on the category, the market is segmented into primary (non-rechargeable) batteries and secondary (rechargeable) batteries.
Based on the type, the market is segmented into lithium-ion (LI-ION), nickel-metal hydride (Ni-MH), nickel cadmium, lead acid, and others (solid-state batteries).
Based on the application, the market is segmented into automotive, industrial, consumer electronics, energy storage systems (ESS), medical devices, and defense and aerospace.

Lithium Ion (Li-Ion) Segment to Lead the Market with the Largest Share

The US battery market is growing considerably, largely owing to the market growth for advanced battery systems in defense applications is fuelled by a growing focus on unmanned vehicles, submarines, and aerospace missions. For instance, in November 2024, L3Harris collaborated with the US Navy to deploy fault-tolerant Li-ion PPR battery pack technology, based on NASA spacesuit design, in Iver4 900 AUVs on US submarines. L3Harris has delivered the first production Autonomous Undersea Vehicles (AUV) powered by Lithium-ion Passive Propagation Resistant (PPR) batteries. The rechargeable batteries enable the Torpedo Tube Launched and Recovered (TTL&R) Iver4 900 AUV to achieve multiple sorties with minimal footprint. L3Harris partnered with the US Navy to implement fault-tolerant Li-ion PPR battery pack technology.

Automotive: A Key Segment in Market Growth

There is an enormous emerging market for US batteries, stimulated by the market growth is primarily driven by the use of prismatic cell formats and next-gen chemistries in larger electric vehicles and grid storage systems. For instance, in May 2025, GM introduced lithium manganese-rich (LMR) prismatic battery cells for its electric vehicles starting in 2028. These batteries, which are lighter, more cost-effective, and use less expensive minerals like manganese, are expected to reduce costs and boost the profitability of GM's largest electric SUVs and trucks.

Market Players Outlook

The major companies operating in the US battery market include EnerSys, LG Energy Solution, Ltd., Panasonic Corp., Samsung SDI Co., Ltd., East Penn Manufacturing, Clarios, LLC, Tesla Power USA Inc., among others. Market players are leveraging partnerships, collaborations, mergers, and acquisition strategies for business expansion and innovative product development to maintain their market positioning.

Recent Developments

In December 2024, Stellantis and Zeta Energy agreed to develop lithium-sulfur EV batteries, aiming to develop lighter, more efficient, and cost-effective batteries. The technology improves fast-charging speed by up to 50% and is manufactured using waste materials and methane, with a short domestic supply chain.
In September 2023, the US Department of Defense announced a $90 million agreement under the Defense Production Act (Title III)-funded via the Inflation Reduction Act-to partner with Albemarle Corporation and support reopening its Kings Mountain lithium mine in North Carolina. The initiative is intended to boost domestic lithium production by 2025-2030 and strengthen the US battery supply chain, aligning with federal priorities to secure critical materials for defense and commercial needs.

The Report Covers:

Market value data analysis of 2024 and forecast to 2035.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the US battery market. Based on the availability of data, information related to new products and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying 'who-stands-where' in the market.

Product Code: OMR2022917

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
US Battery Market Sales Analysis - Category | Type | Application ($ Million)
US Battery Market Sales Performance of Top Countries
1.1. Research Methodology
Primary Research Approach
Secondary Research Approach
1.2. Market Snapshot

2. Market Overview and Insights

2.1. Scope of the Study
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key US Battery Market Trends
- 2.2.2. Market Recommendations

3. Market Determinants

3.1. Market Drivers
- 3.1.1. Drivers For the US Battery Market: Impact Analysis
3.2. Market Pain Points and Challenges
- 3.2.1. Restraints For the US Battery Market: Impact Analysis
3.3. Market Opportunities
- 3.3.1. Opportunities For the US Battery Market: Impact Analysis

4. Competitive Landscape

4.1. Competitive Dashboard - US Battery Market Revenue and Share by Manufacturers
Battery Product Category Comparison Analysis
Top Market Player Ranking Matrix
4.2. Key Company Analysis
- 4.2.1. Tesla Power USA Inc.
  - 4.2.1.1. Overview
  - 4.2.1.2. Category Portfolio
  - 4.2.1.3. Financial Analysis (Subject to Data Availability)
  - 4.2.1.4. SWOT Analysis
  - 4.2.1.5. Business Strategy
- 4.2.2. EnerSys
  - 4.2.2.1. Overview
  - 4.2.2.2. Category Portfolio
  - 4.2.2.3. Financial Analysis (Subject to Data Availability)
  - 4.2.2.4. SWOT Analysis
  - 4.2.2.5. Business Strategy
- 4.2.3. Panasonic Corp.
  - 4.2.3.1. Overview
  - 4.2.3.2. Category Portfolio
  - 4.2.3.3. Financial Analysis (Subject to Data Availability)
  - 4.2.3.4. SWOT Analysis
  - 4.2.3.5. Business Strategy
- 4.2.4. East Penn Manufacturing
  - 4.2.4.1. Overview
  - 4.2.4.2. Category Portfolio
  - 4.2.4.3. Financial Analysis (Subject to Data Availability)
  - 4.2.4.4. SWOT Analysis
  - 4.2.4.5. Business Strategy
- 4.2.5. Clarios, LLC.
  - 4.2.5.1. Overview
  - 4.2.5.2. Category Portfolio
  - 4.2.5.3. Financial Analysis (Subject to Data Availability)
  - 4.2.5.4. SWOT Analysis
  - 4.2.5.5. Business Strategy
4.3. Top Winning Strategies by Market Players
- 4.3.1. Merger and Acquisition
- 4.3.2. Category Launch
- 4.3.3. Partnership And Collaboration
5. US Battery Market Sales Analysis By Category ($ Million)
5.1. Primary (Non-rechargeable) Batteries
5.2. Secondary (Rechargeable) Batteries
6. US Battery Market Sales Analysis By Type ($ Million)
6.1. Lithium Ion (Li-Ion)
6.2. Nickel-Metal Hydride (NI-MH)
6.3. Nickel Cadmium
6.4. Lead Acid
6.5. Others (Solid-state batteries)
7. US Battery Market Sales Analysis By Application ($ Million)
7.1. Automotive
7.2. Industrial
7.3. Consumer Electronics
7.4. Energy Storage Systems (ESS)
7.5. Medical Devices
7.6. Defense and Aerospace

8. Company Profiles

8.1. A123 Systems Corp.
- 8.1.1. Quick Facts
- 8.1.2. Company Overview
- 8.1.3. Product Portfolio
- 8.1.4. Business Strategies
8.2. Amprius Technologies, Inc.
- 8.2.1. Quick Facts
- 8.2.2. Company Overview
- 8.2.3. Product Portfolio
- 8.2.4. Business Strategies
8.3. BYD Company Ltd.
- 8.3.1. Quick Facts
- 8.3.2. Company Overview
- 8.3.3. Product Portfolio
- 8.3.4. Business Strategies
8.4. CATL (Contemporary Amperex Technology Co. Ltd.)
- 8.4.1. Quick Facts
- 8.4.2. Company Overview
- 8.4.3. Product Portfolio
- 8.4.4. Business Strategies
8.5. Clarios, LLC
- 8.5.1. Quick Facts
- 8.5.2. Company Overview
- 8.5.3. Product Portfolio
- 8.5.4. Business Strategies
8.6. East Penn Manufacturing
- 8.6.1. Quick Facts
- 8.6.2. Company Overview
- 8.6.3. Product Portfolio
- 8.6.4. Business Strategies
8.7. EnerSys
- 8.7.1. Quick Facts
- 8.7.2. Company Overview
- 8.7.3. Product Portfolio
- 8.7.4. Business Strategies
8.8. Enovix Corp.
- 8.8.1. Quick Facts
- 8.8.2. Company Overview
- 8.8.3. Product Portfolio
- 8.8.4. Business Strategies
8.9. General Motors
- 8.9.1. Quick Facts
- 8.9.2. Company Overview
- 8.9.3. Product Portfolio
- 8.9.4. Business Strategies
8.10. LG Energy Solution, Ltd.
- 8.10.1. Quick Facts
- 8.10.2. Company Overview
- 8.10.3. Product Portfolio
- 8.10.4. Business Strategies
8.11. Microvast Holdings, Inc.
- 8.11.1. Quick Facts
- 8.11.2. Company Overview
- 8.11.3. Product Portfolio
- 8.11.4. Business Strategies
8.12. Our Next Energy (ONE)
- 8.12.1. Quick Facts
- 8.12.2. Company Overview
- 8.12.3. Product Portfolio
- 8.12.4. Business Strategies
8.13. Panasonic Corp.
- 8.13.1. Quick Facts
- 8.13.2. Company Overview
- 8.13.3. Product Portfolio
- 8.13.4. Business Strategies
8.14. QuantumScape Battery, Inc.
- 8.14.1. Quick Facts
- 8.14.2. Company Overview
- 8.14.3. Product Portfolio
- 8.14.4. Business Strategies
8.15. Samsung SDI Co., Ltd.
- 8.15.1. Quick Facts
- 8.15.2. Company Overview
- 8.15.3. Product Portfolio
- 8.15.4. Business Strategies
8.16. Sion Power Corp.
- 8.16.1. Quick Facts
- 8.16.2. Company Overview
- 8.16.3. Product Portfolio
- 8.16.4. Business Strategies
8.17. SK On Co., Ltd.
- 8.17.1. Quick Facts
- 8.17.2. Company Overview
- 8.17.3. Product Portfolio
- 8.17.4. Business Strategies
8.18. Solid Power Inc.
- 8.18.1. Quick Facts
- 8.18.2. Company Overview
- 8.18.3. Product Portfolio
- 8.18.4. Business Strategies
8.19. Tesla Power USA Inc.
- 8.19.1. Quick Facts
- 8.19.2. Company Overview
- 8.19.3. Product Portfolio
- 8.19.4. Business Strategies
8.20. U.S. Battery Mfg. Co.
- 8.20.1. Quick Facts
- 8.20.2. Company Overview
- 8.20.3. Product Portfolio
- 8.20.4. Business Strategies
8.21. Ultium Cells LLC
- 8.21.1. Quick Facts
- 8.21.2. Company Overview
- 8.21.3. Product Portfolio
- 8.21.4. Business Strategies
8.22. Zeta Energy Corp.
- 8.22.1. Quick Facts
- 8.22.2. Company Overview
- 8.22.3. Product Portfolio
- 8.22.4. Business Strategies