North America Advanced Battery Market Size & Outlook

The advanced battery market in North America is expected to reach a projected revenue of US$ 27,662.5 million by 2027. A compound annual growth rate of 6.5% is expected of North America advanced battery market from 2020 to 2027.
Revenue, 2019 (US$M)
$16,715.4
Forecast, 2027 (US$M)
$27,662.5
CAGR, 2020 - 2027
6.5%
Report Coverage
North America

North America advanced battery market highlights

  • The North America advanced battery market generated a revenue of USD 16,715.4 million in 2019.
  • The market is expected to grow at a CAGR of 6.5% from 2020 to 2027.
  • In terms of segment, lithium ion polymer battery was the largest revenue generating product in 2019.
  • Sodium Sulfur Battery is the most lucrative product segment registering the fastest growth during the forecast period.
  • Country-wise, U.S. is expected to register the highest CAGR from 2020 to 2027.


North America data book summary

Market revenue in 2019USD 16,715.4 million
Market revenue in 2027USD 27,662.5 million
Growth rate6.5% (CAGR from 2019 to 2027)
Largest segmentLithium ion polymer battery
Fastest growing segmentSodium Sulfur Battery
Historical data covered2016 - 2018
Base year for estimation2019
Forecast period covered2020 - 2027
Quantitative unitsRevenue in USD million
Market segmentationLithium Ion Polymer Battery, Sodium Sulfur Battery, Sodium Metal Halide Battery, Advanced Lead Acid Battery, Smart Nano Battery
Key market players worldwideGS Yuasa Corp, Thermo Fisher Scientific Inc, PolyPlus Battery Company, Oxis Energy, Samsung SDI Co Ltd GDR - 144A


Other key industry trends

  • In terms of revenue, North America region accounted for 25.4% of the global advanced battery market in 2019.
  • Globally, Europe is projected to lead the regional market in terms of revenue in 2027.
  • MEA is the fastest growing regional market and is projected to reach USD 15,603.0 million by 2027.

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Advanced Battery Market Companies

Name Profile # Employees HQ Website

North America advanced battery market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to advanced battery market will help companies and investors design strategic landscapes.


Lithium ion polymer battery was the largest segment with a revenue share of 17.85% in 2019. Horizon Databook has segmented the North America advanced battery market based on lithium ion polymer battery, sodium sulfur battery, sodium metal halide battery, advanced lead acid battery, smart nano battery covering the revenue growth of each sub-segment from 2016 to 2027.


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Horizon Databook provides a detailed overview of continent-level data and insights on the North America advanced battery market , including forecasts for subscribers. This continent databook contains high-level insights into North America advanced battery market from 2016 to 2027, including revenue numbers, major trends, and company profiles.

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North America advanced battery market size, by country, 2016-2027 (US$M)

North America Advanced Battery Market Outlook Share, 2019 & 2027 (US$M)

North America advanced battery market size, by country, 2016-2027 (US$M)

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