U.S. Battery Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2025

Description

The U.S. battery market was valued at USD 17.9 billion in 2024 and is projected to grow at a compound annual growth rate of 13.6% from 2025 to 2032, reaching USD 49.0 billion by 2032. The growth is driven by increasing demand from electric vehicles (EVs), consumer electronics, and renewable energy storage applications. The shift towards clean energy and government incentives promoting EV adoption are further accelerating market expansion.

Advancements in battery technologies, including lithium-ion, solid-state, and flow batteries, are enhancing energy density, safety, and charge cycles. Increasing investments in battery manufacturing infrastructure and research and development activities are supporting market growth. These factors collectively contribute to a robust outlook for the U.S. battery market.

Key Insights

The market is segmented by battery type into lithium-ion, lead-acid, nickel-based, zinc-magnesium dioxide, sodium-sulfur, and others, with lithium-ion dominating due to its high energy density and performance.

Energy storage is the fastest-growing application segment, driven by government regulations and consumer preference for sustainable transport.

Consumer electronics and industrial sectors also significantly contribute to market demand.

Regions such as California, Texas, and Michigan lead in battery consumption due to automotive and tech industry presence.

Technological innovations like solid-state batteries and improved recycling processes are shaping the market landscape.

Major players including Tesla, Panasonic, LG Chem, and Johnson Controls focus on capacity expansion and technological advancements.

Rising energy storage requirements for renewable power integration create new growth opportunities.

The aftermarket for battery replacement and refurbishment is expanding with increasing battery-powered device usage.

Government policies supporting clean energy and carbon neutrality targets positively impact market dynamics.

Product Code: 13416

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market Size Breakdown, by Type
- 1.4.2. Market Size Breakdown, by State
- 1.4.3. Market Size Breakdown, by End Use
1.5. Market Data Reporting Unit
- 1.5.1. Revenue
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence Database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Industry Background
5.2. Market Dynamics
- 5.2.1. Trends
- 5.2.2. Drivers
- 5.2.3. Restraints/Challenges
- 5.2.4. Emerging Economies and Key Opportunities
- 5.2.5. Impact Analysis of Drivers/Restraints
5.3. Impact of COVID-19
5.4. Sociopolitical Impact
5.5. Porter's Five Forces Analysis
- 5.5.1. Bargaining Power of Buyers
- 5.5.2. Bargaining Power of Suppliers
- 5.5.3. Threat of New Entrants
- 5.5.4. Intensity of Rivalry
- 5.5.5. Threat of Substitutes
5.6. Innovation and Technology Trends
5.7. Supply Chain and Value Chain Insights
5.8. Economic and Regulatory Impact
5.9. Market Entry Strategies

Chapter 6. Competitive Landscape

6.1. List of Market Players and their Offerings
6.2. Market Share of Key Players (2024)
6.3. Competitive Benchmarking of Key Players
6.4. Product Benchmarking of Key Players
6.5. Recent Strategic Developments by Key Players
6.6. Company Leadership Matrix

U.S. Battery Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2025 - 2032)

Description

Table of Contents