North America Lithium-ion Battery Market is Expected to Grow at a CAGR of 10.7% by 2033

North America Lithium-ion Battery Market Overview

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Growth Rate: 10.7% (2025-2033)

Lithium-ion battery industry in America is expanding quickly. The sector is growing fast. This is due to the rising demand for electric vehicles and renewable energy storage. Advancements in technology and sustainability initiatives are boosting growth and innovation. According to the latest report by IMARC Group, North America lithium-ion battery market size was valued at USD 20.0 billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 49.7 Billion by 2033, exhibiting a CAGR of 10.7% from 2025-2033.

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North America Lithium-ion Battery Trends and Drivers:

North America lithium-ion battery market is growing fast. New electric vehicle technology and increasing demand for energy storage drive this growth. This demand comes from renewables and portable electronics. Lithium-ion batteries are now key for reducing carbon emissions. Sustainable energy requires major investments. Both governments and private companies must fund tech and infrastructure. The great thing is that the U.S. and Canada are leading this effort. They use the Inflation Reduction Act (IRA) to help boost battery production and recycling in the U.S. Many car companies are focusing on EV growth. This has boosted demand for fast-charging batteries. New battery improvements, like solid-state and silicon-anode types, boost energy density and safety. This leads to faster market growth. Companies deal with issues like supply chain problems, raw material shortages, and increasing production costs. To address these, they are forming partnerships with mining firms. They are also investing in recycling programs.

A key trend in North America lithium-ion battery market is the rising interest in energy storage systems (ESS). These systems help integrate renewable energy. As solar and wind energy become more common, the need for better storage systems will grow. This will help manage their inconsistent supply. Many of these projects are deployed on a large scale. They want to boost grid stability and stop blackouts. This is especially important in California and Texas. Residential energy storage systems are becoming popular. Many homes are now adding solar and storage to go off-grid and cut electricity costs. Commercial and industrial sectors use lithium-ion batteries for peak shaving and backup power. On the other side of sustainability, recycling programs are booming. Startups and big companies are discovering new methods to reclaim valuable materials from old batteries. This circular economy tackles environmental problems. It also cuts our reliance on imported raw materials. New technologies and supportive policies will boost North America's lithium-ion battery market. This market will play a key role in the clean energy transition.

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North America Lithium-ion Battery Industry Segmentation:

The report has segmented the market into the following categories:

Analysis by Product Type:

● Lithium Cobalt Oxide
● Lithium Iron Phosphate
● Lithium Nickel Manganese Cobalt
● Lithium Manganese Oxide
● Others

Analysis by Power Capacity:

● 0 to 3000mAh
● 3000mAh to 10000mAh
● 10000mAh to 60000mAh
● More than 60000mAh

Analysis by Application:

● Consumer Electronics
● Electric Vehicles
● Energy Storage
● Others

Country Analysis:

● United States
● Canada
● Mexico

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Competitive Landscape:

The competitive landscape of the industry has also been examined, along with the profiles of the key players.

Key highlights of the Report:

● Market Performance (2019-2024)
● Market Outlook (2025-2033)
● COVID-19 Impact on the Market
● Porter's Five Forces Analysis
● Strategic Recommendations
● Historical, Current, and Future Market Trends
● Market Drivers and Success Factors
● SWOT Analysis
● Structure of the Market
● Value Chain Analysis
● Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, benchmarking analyses, pricing and cost research, and procurement research.

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This release was published on openPR.