IMARC Group has recently released a new research study titled “North America Battery Market Size, Share, Trends and Forecast by Type, Technology, Application, and Country, 2026-2034”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
Market Overview
The North America battery market size reached USD 40.0 Billion in 2025 and is projected to grow to USD 78.0 Billion by 2034, demonstrating a CAGR of 7.70% during the forecast period 2026-2034. This growth is driven by the rising demand for electric vehicles, expansion of renewable energy storage solutions, and technological advancements supported by government incentives and investments in battery research.
Study Assumption Years
● Base Year: 2025
● Historical Year/Period: 2020-2025
● Forecast Year/Period: 2026-2034
North America Battery Market Key Takeaways
● Current Market Size: USD 40.0 Billion in 2025
● CAGR: 7.70%
● Forecast Period: 2026-2034
● Significant growth in demand due to increasing adoption of electric vehicles supported by government incentives and advancements in battery technology.
● Expansion of renewable energy storage including factory constructions for energy storage in the U.S.
● Investments by automakers in lithium-ion and solid-state batteries to improve EV performance and reduce charging times.
● Development of infrastructure such as fast-charging networks to support EV battery demand.
● Innovations in battery technologies including lithium-ion, sodium-ion, and flow batteries to enhance energy storage capabilities.
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North America Battery Market Growth Factors
The North America battery market growth is prominently driven by escalating demand for electric vehicles (EVs). The market has witnessed increased adoption of EVs propelled by government incentives, stringent environmental regulations, and advancements in battery technology. Specifically, on January 18, 2024, the U.S. Department of Energy announced an investment exceeding USD 131 Million focused on research and development to advance EV batteries and charging infrastructure, supporting a consortium dedicated to creating a safe and sustainable domestic battery supply chain with goals to increase driving range and decrease costs.
Moreover, automakers are heavily investing in lithium-ion and solid-state batteries to boost EV performance by reducing charging times and increasing ranges. The development of fast-charging networks further propels the demand for EV batteries. Together, these factors position the EV battery segment to dominate market growth in the near future, driven by rising consumer preference for sustainable transportation options coupled with declining battery costs.
The growing transition towards renewable energy sources significantly accelerates the demand for advanced battery storage solutions across North America. For example, on December 20, 2024, Eos Energy Enterprises announced plans to establish a new manufacturing facility called Factory 2 Works aimed at meeting increasing domestic demand for energy storage products. This expansion also emphasizes generating local employment, boosting energy security, and supporting economic growth. Utility-scale energy storage systems are increasingly being deployed to maintain grid stability and facilitate integration of intermittent solar and wind power efficiently.
Innovations in lithium-ion, sodium-ion, and flow battery technologies enhance energy storage capacity, reliability, and longevity, further supported by government policies and incentives promoting clean energy projects. The modernization of energy grids reinforces the crucial role of battery storage solutions in achieving sustainable energy targets and independence in North America.
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North America Battery Market Segmentation
Breakup by Type:
● Primary
● Secondary
Breakup by Technology:
● Lead-acid
● Lithium-ion
● Others
Breakup by Application:
● Automotive
● Industrial Batteries
● Consumer Electronics
● Others
Breakup by Country:
● United States
● Canada
Regional Insights
The North America battery market's dominant region includes the United States and Canada. The report does not provide explicit market share or CAGR data specific to these countries. However, these countries are the principal markets analyzed for regional forecasts from 2026 to 2034, supporting overall market growth driven by policy, technology adoption, and infrastructure development.
Recent Developments & News
● On December 5, 2024, Zeta Energy Corp. and Stellantis N.V. established a cooperative development agreement to expand lithium-sulfur battery technology for electric vehicles. The partnership aims to develop battery packs that are lighter and with equivalent energy to lithium-ion batteries, potentially lowering costs to less than half and increasing fast-charging speeds by up to 50%.
● On February 17, 2025, Blue Whale Materials and Call2Recycle announced a strategic partnership aimed at improving lithium-ion battery recycling in North America. The partnership leverages Call2Recycle's nationwide battery collection network to process batteries at Blue Whale Materials' facility in Bartlesville, Oklahoma, addressing the demand for domestically sourced materials and ensuring a sustainable battery supply chain.
Key Players
● Zeta Energy Corp.
● Stellantis N.V.
● Blue Whale Materials
● Call2Recycle
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Customization Note
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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