North America Battery Market to 2032

Q: What is the current market size of the North America Battery Market?

North America Battery Market was valued at USD 30.18 (Revenue in USD Billion) in 2023.

Overview

The North America Battery Market is expected to reach a 91.81 USD Billion by 2032 and is projected to grow at a CAGR of 14.92% from 2025 to 2032.

Revenue, 2024 (USD Billion)

30.18

Forecast, 2032 (USD Billion)

91.81

CAGR, 2024 - 2032

14.92%

Report Coverage

North America

North America Battery Market 2018-2032 USD Billion

North America Battery Market, Key Findings (2025-2032)

Market Growth and Projections:

Market Size (2024): 30.18 USD Billion
Projected Market Size (2032): 91.81 USD Billion
CAGR (2025-2032): 14.92%

Key Findings of North America Battery Market

The North America Battery Market was valued at 91.81 USD Billion in 2024.
The North America Battery Market is likely to grow at a CAGR of 14.92% during the forecast period of 2024 to 2032.
In 2024, the Largest segment Secondary Battery/Rechargeable Batteries in Battery Type Segment accounted for the largest share of the market with a revenue of 22.58 USD Billion
The fastest growing segment Automotive in End User Segment grew Fastest with a CAGR of 15.99% during the forecast period from 2024 to 2032.

North America Battery Market Scope

North America Battery Market Segmentation & Scope

Technology

Nickel–Cadmium (NiCd) Battery
Nickel-Metal Hybride (NiMH) Battery
Zinc–Maganese Dioxide Battery
Lead-Acid Battery
Lithium-Ion Battery
Flow Battery
Sodium-Sulfur (NaS) Battery
Nickel-Zinc (NiZn) Battery
Small Sealed Lead-Acid Battery
Others

Battery Type

Primary Battery/ Non-Rechargeable Batteries
Secondary Battery/Rechargeable Batteries

Sales Channel

Aftermarket
OEM

End User

Others
Marine
Military & Defense
Aerospace & Aviation
Manufacturing
Automotive
Residential & Commercial
Consumer Electronics
Energy & Utilities

Component

Others
Separator
Electrolyte
Anode
Cathode

North America Battery Market Data Coverage Insights

Study Period	2024-2032
Base Year	2023
Unit	Revenue in USD Billion
Market Value in 2024	30.18 USD Billion
Market Value in 2032	91.81 USD Billion
CAGR (2025-2032)	14.92%
Historic Data	2016-2023
Market Segments Covered	Technology,Battery Type,Sales Channel,End User,Component

Regional Insights:

Leading Market (2024-2032): North America, leading in terms of revenue 30.18 USD Billion in 2024
- Key Country: U.S., leading in terms of revenue with value of 21,944.40 USD Million in 2024.

Segments and Scope

North America Battery Market to 2032, By Technology
- Lithium-Ion Battery is the largest segment in North America Battery Market to 2032 with a revenue of 13.22 USD Billion in the year 2024.
- Lithium-Ion Battery is the Fastest growing segment in North America Battery Market to 2032 with a Growth rate of 15.77 % in forecast period 2025-2032.
North America Battery Market to 2032, By Battery Type
- Secondary Battery/Rechargeable Batteries is the largest segment in North America Battery Market to 2032 with a revenue of 22.58 USD Billion in the year 2024.
- Secondary Battery/Rechargeable Batteries is the Fastest growing segment in North America Battery Market to 2032 with a Growth rate of 15.36 % in forecast period 2025-2032.
North America Battery Market to 2032, By Sales Channel
- OEM is the largest segment in North America Battery Market to 2032 with a revenue of 20.83 USD Billion in the year 2024.
- OEM is the Fastest growing segment in North America Battery Market to 2032 with a Growth rate of 15.12 % in forecast period 2025-2032.
North America Battery Market to 2032, By End User
- Automotive is the largest segment in North America Battery Market to 2032 with a revenue of 9.86 USD Billion in the year 2024.
- Automotive is the Fastest growing segment in North America Battery Market to 2032 with a Growth rate of 15.99 % in forecast period 2025-2032.
North America Battery Market to 2032, By Component
- Cathode is the largest segment in North America Battery Market to 2032 with a revenue of 14.47 USD Billion in the year 2024.
- Cathode is the Fastest growing segment in North America Battery Market to 2032 with a Growth rate of 15.73 % in forecast period 2025-2032.

North America Battery Market Company Share Analysis

North America Battery Market Geographical Sales Distribution, 2018-2032 USD Billion

North America Battery Market Company Profiling

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Frequently Asked Questions

What are the primary segments covered in the North America Battery Market?

The North America Battery Market is segmented based on Segmentation Technology,Battery Type,Sales Channel,End User,Component.

What is the current market size of the North America Battery Market?

North America Battery Market was valued at USD 30.18(Revenue in USD Billion) in 2023.

What is the expected growth rate of the North America Battery Market?

North America Battery Market is projected to grow at a CAGR of 14.92% during the forecast period of 2024 to 2032.

Which is the dominating segment in the North America Battery Market?

The Secondary Battery/Rechargeable Batteries segment is expected to dominate the North America Battery Market, holding a largest market share of 22.58 USD Billion in 2024

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