The North American battery market is estimated to grow at a significant CAGR during the forecast period. The market growth is attributed to the presence of major battery manufacturers in the region. Moreover, the increasing penetration of portable electronic devices such as computers, camcorders, and other small battery-operated devices further gives a boost to the regional growth of the market. Moreover, the increasing telecommunication industry in the region further contributes to market growth. For instance, Ni-Cd is used in the telecommunication industry as they offer reliable backup power in telecommunication towers that is crucial for ensuring safe and continuous operation in these industries.

The North American battery market is segmented on the basis of category, type, and application. Based on the category, the market is bifurcated into the primary battery and secondary battery. Based on the type, the market Li-Ion battery, Ni-MH battery, Nickel Cadmium battery, lead-acid battery, and other batteries. Moreover, as per application, the market is segmented into automotive, industrial, consumer electronics, power & energy, and other applications. The emerging focus on new and recycled battery technologies in consumer electrics coupled with the high replacement rate of consumer electronics such as smartphones and power banks is primarily contributing to the market of the consumer electronics segment.

Geographically, the North American battery market covers the country-level analysis of the US and Canada. The US dominates the market in 2018 and is estimated to continue this trend over the forecast period. The growth in the country is attributed to the increasing demand from end-user industries coupled with the presence of major battery manufacturers in the region.

Moreover, the North American battery market report covers the analysis of various players operating in the market. Some of the players operating in the market include Exide Industries Ltd., Contemporary Amperex Technology Co., Ltd., Panasonic Corp., Altair Nanotechnologies Inc., Automotive Energy Supply Corp., Ambir Inc., and others. Owing to increasing competition in the market, the players in the market adopting various strategies such as mergers and acquisitions and partnership and collaboration that tend to fuel market growth in the near future. 

For instance, in November 2020, Tesla Inc. announced that its new 2021 Model 3 vehicles are now equipped with a new 82 kWh battery pack, more energy-dense battery cells produced by Panasonic Corp. Further, in 2019, Panasonic announced an extra $100 million investment in Gigafactory Nevada, its partnership with Tesla for the production of battery cells exclusively for the electric automaker.

Research Methodology

The market study of the North American battery market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research has been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for battery manufacturers, suppliers, raw material suppliers, traders, third-party distributors, battery recyclers, spent battery traders, automotive companies, government organizations, regulatory authorities, and other market participants for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, products & services offered by the companies, and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation

1. North America Battery Market Research and Analysis by Category
2. North America Battery Market Research and Analysis by Type
3. North America Battery Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the North American Battery Market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the North American Battery Market.
• Insights about market determinants that are stimulating the North American Battery Market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.