Question 1

How big is the North America lithium-ion battery market?

Accepted Answer

The market size of North America lithium-ion battery was reached USD 18.4 billion in 2023 and is projected to expand at 17.1% CAGR from 2024 to 2032, owing to the affordability of batteries, combined with growing concerns about environmental pollution surging the popularity of electric vehicles.

Question 2

What is the size of the U.S. lithium-ion battery market?

Accepted Answer

U.S. lithium-ion battery industry size will surpass USD 74 billion by 2032, owing to ongoing advancements in battery technology, and significant investments in domestic battery manufacturing infrastructure.

Question 3

Who are the major players operating in the North America lithium-ion battery market?

Accepted Answer

The North America lithium-ion battery industry consists of prominent companies such as Tesla, Exide Technologies, General Electric, BYD Company Ltd., A123 Systems, LLC, Toshiba Corporation, Samsung SDI Co., Ltd., Panasonic Corporation, LG Chem, Duracell, Inc., Hitachi Energy Ltd., and Koninklijke Philips N.V, among others.

Question 4

Why is the demand for NMC lithium-ion batteries gaining traction in North America?

Accepted Answer

North America lithium-ion battery market from the NMC segment is anticipated to exceed USD 9 billion by 2032 owing to high energy density, improved stability, and longer lifespan compared to other product variants.

North America Lithium-Ion Battery Market Share

North America Lithium-Ion Battery Market Share

North America Lithium-Ion Battery Market Companies

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