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North America Battery Market Outlook, 2026

February 2021 | 105 pages | ID: N3572E2B7A43EN
Bonafide Research & Marketing Pvt. Ltd.

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Being the market leader for electric vehicles, the USA evidently dominates the North America battery market. - Bonafide Research

The North America battery market is lead by the US, contributing to the highest share yet depicting the lowest historic CAGR of 3.75%. The country is backed by the fact that it is among one of the leading countries in electric vehicle sales globally. The recent publication of Bonafide Research titled 'North America Battery Market Outlook, 2026', shows that the region contributes to over 15% in the year 2020 and a position after the Asia Pacific and Europe. Even though the region remains a pioneer for research and innovation in the field, it is anticipated to portray a CAGR of less than 8% lowest compared to the other regions. Mexico has been in talks due to the discovery of the world’s largest deposit in Bacad?huachi, which has reserves calculated at 243.8 Million tonnes of what can be termed as the- oil of the future. In 219, the country laid new requirements regarding maximum permissible mercury limits and cadmium for primary power units and batteries. The shipping and importing of lithium-ion batteries are considered dangerous goods and their transportation as cargo on passenger aircraft is subject to the Transportation of Dangerous Goods Act, 1992 and its regulations, in Canada.

The increasing popularity of lithium-ion batteries has been a proven threat to lead-acid batteries. No doubt, that the lead-acid battery segment dominates the market with over half of the market share for over a decade now, but the share has been declining. The lithium-ion battery segment is expected to grow as the only segment in the regional market to portray a double digit CAGR through the forecasted period. The growth of the segment is supported by the increasing demand backed by the improving investments towards the electric vehicle and renewable industry. All the other battery technology segments put together are expected to contribute to a market of USD 4.79 Billion by the end of the forecasted period. This majorly includes nickel-cadmium, nickel-metal hydride Nickel–zinc (NiZn), Sodium–sulfur (NAS) Battery, Zinc-manganese Dioxide Battery, Dual Carbon Battery, Zinc-carbon Battery, and Silver-oxide Battery.

The North American region also remains one of the largest consumers of batteries; the integration of renewable energy storage systems is presenting itself as a market opportunity for the secondary and lithium-ion battery market. The primary battery segment is expected to a decline in the market share and is likely to reach a share of 11.11% by the end of 2026. High energy density, long storage, and operational readiness are among their strong attributes. The consumer market put aside, the largest users of primary batteries are the military, specialty emergency services, and forest fire fighters.

With reserves of almost 244 Million Tonnes, lithium deposits discovered in the northeastern Mexican state of Sonora are the world’s largest, containing significantly more than the second-placed Thacker Pass site in the US state of Nevada (178 Million Tonnes), Mexico’s undersecretary of mining Francisco Quiroga claimed in late 2019. The development of the electric vehicle is being the driver for the growth of the automotive application segment in the battery market. In late 2020, China’s largest lithium producer, Ganfeng Lithium, initiated to build a battery recycling plant in Mexico to supply minerals to the US to tap a growing market for used materials in electric vehicles. The facility is supposed to recycle batteries from Tesla as well as Chinese electric buses in use across the region. Apart from the major global companies, like Contemporary Amperex Technology Co. Limited, BYD Co. Ltd, Samsung SDI Co., Ltd, LG Chem Ltd, and Panasonic Corporation., the market competes with other smaller and regional marketers. AMBRI, Aquion Energy, Battery Streak, Electrovaya, Energizer, Enersys, Solid Power, etc are to name a few.
1. EXECUTIVE SUMMARY

2. REPORT METHODOLOGY

3. GLOBAL BATTERY MARKET OUTLOOK

3.1. Market Size by Value
3.2. Market Share
  3.2.1. By Battery Type
  3.2.2. By Battery Technology
  3.2.3. By Application
  3.2.4. By Region
  3.2.5. By Country
  3.2.6. By Company
3.3. Global Lead Acid Battery Market Outlook
3.4. Global Lithium Ion Battery Market Outlook
3.5. Global Nickel Metal Hydride Battery Outlook
3.6. Global Nickel Cadmium Battery Outlook

4. NORTH AMERICA BATTERY MARKET OUTLOOK

4.1. Market Size by Value
4.2. Market Share
  4.2.1. By Battery Type
  4.2.2. By Battery Technology
  4.2.3. By Application
  4.2.4. By Country
4.3. US Battery Market Outlook
  4.3.1. Market Size by Value
  4.3.2. Market Share
4.4. Mexico Battery Market Outlook
  4.4.1. Market Size by Value
  4.4.2. Market Share
4.5. Canada Battery Market Outlook
  4.5.1. Market Size by Value
  4.5.2. Market Share

5 HISTORY AND MANUFACTURING PROCESS

5.1 Lead Acid Battery
5.2 Lithium ion Battery
5.3 Nickel Cadmium Battery
5.4 Nickel Metal Hydride Battery

6 MARKET DYNAMICS

6.1 Key Drivers
6.2 Key Challenges

7 MARKET TRENDS AND DEVELOPMENTS

7.1 XXXXXXXXXXXX
7.2 XXXXXXXXXXXX
7.3 XXXXXXXXXXXX
7.4 XXXXXXXXXXXX

8 COMPETITIVE LANDSCAPE

8.1 Porter's Five Forces Model
8.2 Company Profiles
  8.2.1 A123 Systems LLC
  8.2.2 BYD Company Limited
  8.2.3 C&D Technologies Inc.
  8.2.4 Clarios
  8.2.5 Contemporary Amperex Technology Corporation Limited
  8.2.6 GS Yuasa International Limited
  8.2.7 Hitachi Chemical Corporation Limited
  8.2.8 LG Chem Limited
  8.2.9 Panasonic Corporation
  8.2.10 Saft Group SA
  8.2.11 Samsung Corporation Limited
  8.2.12 Sony Corporation
  8.2.13 Toshiba Corporation
8.3 Company Overviews
  8.3.1 AMBRI
  8.3.2 Aquion Energy
  8.3.3 Battery Streak
  8.3.4 Electrovaya
  8.3.5 Energizer
  8.3.6 Enersys
  8.3.7 Solid Power

9 STRATEGIC RECOMMENDATIONS

10 DISCLAIMER
LIST OF FIGURES

Figure 1: Regional Overview of Global Battery Market Market
Figure 2: Global Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 3: Global Battery Market Share By Company (2019)
Figure 4: Global Lead Acid Battery Market Size – 2015 to 2026F (In USD Billion)
Figure 5: Global Lithium Ion Battery Market Size – 2015 to 2026F (In USD Billion)
Figure 6: Global Nickel Metal Hydride Battery Market Size – 2015 to 2026F (In USD Billion)
Figure 7: Global Nickel Cadmium Battery Market Size – 2015 to 2026F (In USD Billion)
Figure 8: North America Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 9:US Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 10: Mexico Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 11: Canada Battery Market Size – By Value 2015 to 2026F (In USD Billion)

LIST OF TABLES

Table 1: Global Battery Market Share by Battery Type (2015, 2020 & 2026F)
Table 2: Global Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 3: Global Battery Market Share by Application (2015, 2020 & 2026F)
Table 4: Global Battery Market Share by Region (2015, 2020 & 2026F)
Table 5: Global Battery Market Share by Country (2015, 2020 & 2026F
Table 6: North America Battery Market Share by Battery Type (2015, 2020 & 2026F)
Table 7: North America Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 8: North America Battery Market Share by Application (2015, 2020 & 2026F)
Table 9: North America Battery Market Share by Country (2015, 2020 & 2026F)
Table 10: US Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 11: US Battery Market Share by Application (2015, 2020 & 2026F)
Table 12: Mexico Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 13: Mexico Battery Market Share by Application (2015, 2020 & 2026F)
Table 14: Canada Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 15: Canada Battery Market Share by Application (2015, 2020 & 2026F)
Table 16: Key Facts of A123 System LLC
Table 17: Key Facts of BYD Company Limited
Table 18: Key Facts of C&D Technologies Inc.
Table 19: Key Facts of Clarios
Table 20: Key Facts of Contemporary Amperex Technology Corporation Limited
Table 21: Key Facts of GS Yuasa International Limited
Table 22: Key Facts of Hitachi Chemical Corporation Limited
Table 23: Key Facts of LG Chem Limited
Table 24: Key Facts of Panasonic Corporation
Table 25: Key Facts of Saft Group SA
Table 26: Key Facts of Samsung Corporation Limited
Table 27: Key Facts of Sony Corporation
Table 28: Key Facts of Toshiba Corporation


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