Home > Energy & Power > Battery Technology > Lithium-Ion Battery > North America Lithium-Ion Battery Market
North America Lithium-Ion Battery Market Size
- Report ID: GMI7355
- Published Date: Apr 2024
- Report Format: PDF
North America Lithium-Ion Battery Market Size
North America Lithium-Ion Battery Market was valued at USD 18.4 billion in 2023 and is anticipated to grow at a CAGR of over 17.1% from 2024 to 2032. The growing demand for electric vehicles (EVs) and the increasing adoption of renewable energy storage solutions are propelling the market growth. Moreover, the growing demand for EVs on account of their environmental benefits and governmental incentives are surging the demand for these batteries.
The major players across the industry are taking relentless efforts to bring innovation in battery technologies. The escalating shift towards renewable energy sources necessitates efficient energy storage solutions, with lithium-ion batteries being at the forefront due to their high energy density and longer lifespan. This dual demand is stimulating the production and deployment of Lithium-Ion Battery across North America.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| North America Lithium-Ion Battery Market Size in 2023: | USD 18.4 billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 17.1% |
| 2032 Value Projection: | USD 77.3 billion |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 310 |
| Tables, Charts & Figures: | 90 |
| Segments covered: | Chemistry, Component, Application, & Countries |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
North America Lithium-Ion Battery Market Scope
