U.S. Battery Market Size & Outlook, 2023-2030
The battery market in the United States is expected to reach a projected revenue of US$ 42,641.7 million by 2030. A compound annual growth rate of 14.1% is expected of the United States battery market from 2024 to 2030.
Revenue, 2023 (US$M)
$16,912.9
Forecast, 2030 (US$M)
$42,641.7
CAGR, 2024 - 2030
14.1%
Report Coverage
U.S.
U.S. battery market, 2018-2030 (US$M)
Related Markets
U.S. battery market highlights
- The U.S. battery market generated a revenue of USD 16,912.9 million in 2023 and is expected to reach USD 42,641.7 million by 2030.
- The U.S. market is expected to grow at a CAGR of 14.1% from 2024 to 2030.
- In terms of segment, lithium ion was the largest revenue generating product in 2023.
- Sodium-ion is the most lucrative product segment registering the fastest growth during the forecast period.
Battery market data book summary
| Market revenue in 2023 | USD 16,912.9 million |
| Market revenue in 2030 | USD 42,641.7 million |
| Growth rate | 14.1% (CAGR from 2023 to 2030) |
| Largest segment | Lithium ion |
| Fastest growing segment | Sodium-ion |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lead Acid, Lithium Ion, Nickel-based, Sodium-ion, Flow Battery, Small Sealed Lead-acid Batteries |
| Key market players worldwide | BYD Co Ltd ADR, GS Yuasa Corp, Hitachi Ltd, Johnson Controls International PLC, LG Chem, NEC Corp, Panasonic Holdings Corp, Samsung Electronics Co Ltd, Toshiba Corporation |
Other key industry trends
- In terms of revenue, U.S. accounted for 14.3% of the global battery market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. battery market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 8,597.4 million by 2030.
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Battery Market Scope
Battery market segmentation & scope
SLI
Stationary
Motive
Lithium Ion
Nickel-based
Sodium-ion
Flow Battery
Small Sealed Lead-acid Batteries
Others
Aerospace
Passenger vehicles
Commercial vehicles
E-Bikes
E-Cars
E-Buses
E-Trucks
Consumer Electronics
Grid-scale Energy Storage
Telecom
Power Tools
Military & Defense
Others
Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 battery market will help companies and investors design strategic landscapes.
Lithium ion was the largest segment with a revenue share of 40% in 2023. Horizon Databook has segmented the U.S. battery market based on lead acid, lithium ion, nickel-based, sodium-ion, flow battery, small sealed lead-acid batteries covering the revenue growth of each sub-segment from 2018 to 2030.
- U.S. Battery Product Outlook (Revenue, USD Million, 2018-2030)
- Lead Acid
- SLI
- Stationary
- Motive
- Lithium Ion
- Nickel-based
- Sodium-ion
- Flow Battery
- Small Sealed Lead-acid Batteries
- Others
- Lead Acid
- U.S. Battery End Use Outlook (Revenue, USD Million, 2018-2030)
- Aerospace
- Automobile
- ICE Engines
- Passenger vehicles
- Commercial vehicles
- Electric vehicles
- E-Bikes
- E-Cars
- E-Buses
- E-Trucks
- ICE Engines
- Consumer Electronics
- Grid-scale Energy Storage
- Telecom
- Power Tools
- Military & Defense
- Others
- U.S. Battery Application Outlook (Revenue, USD Million, 2018-2030)
- Automotive Batteries
- Industrial Batteries
- Portable Batteries
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. battery market , including forecasts for subscribers. This country databook contains high-level insights into U.S. battery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. battery market size, by product, 2018-2030 (US$M)
U.S. Battery Market Outlook Share, 2023 & 2030 (US$M)
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