Press release
North America Lithium Ion Battery Market Exceed Valuation of CAGR of 15.90% by 2029
Lithium ion battery has been in high demand in the past few years as it delivers high open-circuit voltage and a good energy-to-weight ratio. These batteries do not require scheduled cycling to enhance its service life. Lithium ion battery is utilized in numerous industry verticals, such as automotive and consumer electronics, among others.
North America Lithium Ion Battery Market was valued at USD 5737.79 million in 2021 and is expected to reach USD 25902.40 million by 2029, registering a CAGR of 15.90% during the forecast period of 2022-2029. Consumer electronics accounts for the largest vertical segment in the respective market owing to the high usage of batteries in electronic gadgets. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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North America Lithium Ion Battery Market Regional Analysis/Insights
The lithium ion battery market is analysed and market size insights and trends are provided by country, component, load carrying capacity, type, number of wheels, and verticals as referenced above.
The countries covered in Lithium Ion Battery market report are U.S., Canada and Mexico.
The U.S. dominates the North America lithium ion battery market as country has high usage of consumer electronics in the region; also rising EV sales in the country allows it to dominate the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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