Electric Vehicle Battery Industry Analysis in United States
Study on Electric Vehicle Batteries in United States by Lithium-ion, Lead Acid, and Nickel Hydride Batteries for Hybrid, Plug-in Hybrid, and Battery Electric Vehicles from 2024 to 2034
Analysis of Electric Vehicle Battery Industry Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Electric Vehicle Battery Sales Outlook for United States (2024 to 2034)
Steadily increasing sales of electric vehicles are leading to the rising use of vehicle batteries for their effective operations in the United States. Revenue from electric vehicle battery sales in the country is estimated to reach a value of US$ 6.13 billion in 2024 and increase at a CAGR of 5.4% to climb to US$ 10.37 billion by the end of 2034.
Growing requirements for renewable and cleaner power generation methods, growing demand for high-energy-density batteries, and product innovation are anticipated to contribute to the sales of electric vehicle batteries. Further, increasing preference for zero-emission vehicles, growing fuel prices, stringent pollution norms, and depletion of fossil fuel reserves are positively influencing sales of electric vehicle batteries.
Increasing production of electric vehicles is leading to the rising development of new batteries. A growing preference for lithium NMCA (nickel-manganese-cobalt aluminum) oxide alloys because of their better energy density and longer lifestyle are projected to generate lucrative opportunities for market players in manufacturing electric vehicle batteries. Product innovation, including sand batteries, Wi-Fi-powered batteries, high-energy-density batteries, cobalt-free batteries, etc., are anticipated to support requirements for electric vehicle batteries.
| Report Attribute | Detail |
|---|---|
| Electric Vehicle Battery Sales in United States (2024E) | US$ 6.13 Billion |
| Projected Sales (2034F) | US$ 10.37 Billion |
| Demand Growth (2024 to 2034) | 5.4% CAGR |
| Sales in Northeast Region (2024E) | US$ 1.27 Billion |
| Sales in West Region (2034F) | US$ 3.54 Billion |
| Market Share of Cylindrical Batteries (2034F) | 46.1% |
| Market Share of Battery Electric Vehicles (BEVs) (2034F) | 63% |
| Key Companies Profiled | Crown Battery Corporation; Tesla Motors, Inc.; Wanxiang Group Corporation (A123 Systems); General Motors; Romeo Power, Inc.; Panasonic Corporation of North America; EnerSys; Toshiba America Electronic Components Inc.; East Penn Manufacturing Co.; Clarios LLC |
Why are Electric Vehicle Battery Suppliers Thriving in the United States?
“Increasing Requirements for High-energy-density Batteries”
Growing demand for battery-powered electric vehicles, plug-in hybrid electric vehicles, and hybrid electric vehicles in the automotive sector is forecasted to widen opportunities for respective manufacturers. In addition, they are also expanding their manufacturing capacities for reducing operational costs and expand footprints across regions.
Moreover, technological advancements are contributing to reduced per-mile running vehicle costs, and therefore, more consumers are giving preference to electric vehicles with IC engines. The constant involvement of more manufacturers in increasing battery lifespan and reducing product costs is anticipated to help them get a competitive edge.
“Dependency on Renewable and Cleaner Power Generation Methods”
The generation of electric power through cleaner methods is gaining popularity. More companies are concentrating on limiting the use of fossil fuels and focusing on renewable energy sources with great potential in transportation systems, especially electric vehicles. Therefore, this convenience in power availability is projected to aid in rising demand for electric vehicles, subsequently positively impacting sales of electric vehicle batteries.
What Challenges Can Limit Demand Growth for Electric Vehicle Batteries?
“Need to Adhere to Stringent Pollution Norms”
The government in the United States placed certain restrictions on controlling pollution, which made recycling costly and complicated. Recyclers operating in the market work in tightly sealed and highly mechanized plants, with extensive monitors and smokestack scrubbers to detect lead release. Adherence to these norms is a bit difficult and expensive, therefore restraining market growth.
Country-wise Insights
Will the Western Region Retain its Dominance in the United States?
“Integrating Renewable Energy Sources with Storage Systems”
| Attribute | West Region |
|---|---|
| Market Value (2024E) | US$ 1.87 Billion |
| Growth Rate (2024 to 2034) | 6.5% CAGR |
| Projected Value (2034F) | US$ 3.54 Billion |
West region is evaluated to capture 34.1% of the market share in the United States by 2034. There are various factors, which are supporting increased demand for electric vehicle batteries. The integration of multiple renewable sources with energy storage systems is anticipated to offer opportunities to manufacturers of lithium-ion batteries.
OEMs (original equipment manufacturers) in the Western region are focusing their efforts on eliminating risks associated with the supply chain. They are avoiding sourcing batteries from one particular country or region and establishing business connections with various countries. They are ensuring a secure and reliable supply of critical minerals, such as cobalt, nickel, etc., used in these batteries.
What is the Demand Outlook for Electric Vehicle Batteries in Southwest U.S.?
“Growing Production of Battery Cells”
| Attribute | Southwest Region |
|---|---|
| Market Value (2024E) | US$ 962.4 Million |
| Growth Rate (2024 to 2034) | 6.2% CAGR |
| Projected Value (2034F) | US$ 1.75 Billion |
Southwest region is expected to enjoy 16.9% share of the United States market by 2034-end. Various manufacturers of electric vehicle batteries are expanding their production networks for increasing battery cell manufacturing, which is contributing to increased sales, and subsequently supporting growth opportunities.
Category-wise Insights
What Makes Cylindrical Batteries More Popular in the United States?
“Comparatively Easy Manufacturing of Cylindrical Cells Using Automated Equipment”
| Attribute | Cylindrical Batteries |
|---|---|
| Segment Value (2024E) | US$ 2.75 Billion |
| Growth Rate (2024 to 2034) | 5.7% CAGR |
| Projected Value (2034F) | US$ 4.78 Billion |
Cylindrical batteries are projected to hold 46.1% of the United States market revenue share by 2034. An increase in the sales of plug-in hybrid electric vehicles because of growing concerns to keep an eye on carbon footprint is forecasted to have a positive impact on the demand for cylindrical batteries. Moreover, the production of cylindrical cells is comparatively easy with the use of automated equipment. In addition, high current discharge features and high capacity across a wide variety of temperatures are expected to result in the rising popularity of cylindrical batteries.
Why are Battery Electric Vehicles (BEVs) Preferred More in the United States?
“Zero Emission and High Energy Efficiency of Battery Electric Vehicles”
| Attribute | Battery Electric Vehicles (BEVs) |
|---|---|
| Segment Value (2024E) | US$ 3.76 Billion |
| Growth Rate (2024 to 2034) | 5.7% CAGR |
| Projected Value (2034F) | US$ 6.53 Billion |
As per the recently updated analysis by Fact.MR, a market research and competitive intelligence provider, battery electric vehicles are approximated to account for 63% share of the market in the United States. The rising popularity of battery electric vehicles (BEVs) is attributed to their high energy efficiency and zero emission as they run without any internal combustion engine. Further, electric motors produce fewer exhaust gases and a lower noise level. Battery electric vehicles are expected to assist individuals lead a better quality of life causing minimal emissions.
Competition Landscape
Crown Battery Corporation, Tesla Motors, Inc., Wanxiang Group Corporation (A123 Systems), General Motors, Romeo Power, Inc., Panasonic Corporation of North America, EnerSys, Toshiba America Electronic Components Inc., East Penn Manufacturing Co., and Clarios LLC are some of the leading manufacturers of electric vehicle batteries in the United States. They are constantly focusing on new product development, offering products of improved quality, and effectively managing supply chain systems.
Segmentation of Electric Vehicle Battery Study in the United States
-
By Battery Type :
- Lithium-ion Batteries
- Lead Acid Batteries
- Nickel Hydride Batteries
- Others
-
By Battery Capacity :
- Less than 25 kWh
- 25 to 50 kWh
- 51 to 100 kWh
- More than 100 kWh
-
By Pack Type :
- Prismatic
- Cylindrical
- Pouches
-
By Vehicle Type :
- Hybrid Electric Vehicles (HEVs)
- Plug-in Hybrid Electric Vehicles (PHEVs)
- Battery Electric Vehicles (BEVs)
-
By Vehicle Category :
- Two Wheelers
- Passenger Vehicles
- Commercial Vehicles
- LCVs
- HCVs
- Buses
-
By Sales Channel :
- OEMs
- Aftermarket
-
By Region :
- Northeast Region
- Southeast Region
- Southwest Region
- West Region
- Midwest Region
Table of Content
- 1. United States Industry - Executive Summary
- 2. United States Industry Overview
- 3. Industry Background and Data Points
- 4. United States Industry Analysis 2018 to 2023 and Forecast, 2024 to 2034
- 5. United States Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, By Battery Type
- 5.1. Lithium-ion Batteries
- 5.2. Lead Acid Batteries
- 5.3. Nickel Hydride Batteries
- 5.4. Others
- 6. United States Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, by Battery Capacity
- 6.1. Less than 25 kWh
- 6.2. 25 to 50 kWh
- 6.3. 51 to 100 kWh
- 6.4. More than 100 kWh
- 7. United States Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, by Pack Type
- 7.1. Prismatic
- 7.2. Cylindrical
- 7.3. Pouches
- 8. United States Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, by Vehicle Type
- 8.1. Hybrid Electric Vehicles (HEVs)
- 8.2. Plug-in Hybrid Electric Vehicles (PHEVs)
- 8.3. Battery Electric Vehicles (BEVs)
- 9. United States Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, by Sales Channel
- 9.1. OEMs
- 9.2. Aftermarket
- 10. United States Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, by Vehicle Category
- 10.1. Two Wheelers
- 10.2. Passenger Vehicles
- 10.3. Commercial Vehicles
- 11. United States Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, by Region
- 11.1. Northeast
- 11.2. Southeast
- 11.3. Southwest
- 11.4. West
- 11.5. Midwest
- 12. Northeast Industry Analysis 2018 to 2023 and Forecast 2024 to 2034
- 13. Southeast Industry Analysis 2018 to 2023 and Forecast 2024 to 2034
- 14. Southwest Industry Analysis 2018 to 2023 and Forecast 2024 to 2034
- 15. West Industry Analysis 2018 to 2023 and Forecast 2024 to 2034
- 16. Midwest Industry Analysis 2018 to 2023 and Forecast 2024 to 2034
- 17. Industry Structure Analysis
- 18. Competition Analysis
- 18.1. Crown Battery Corporation
- 18.2. Tesla Motors, Inc.
- 18.3. Wanxiang Group Corporation (A123 Systems)
- 18.4. General Motors
- 18.5. Romeo Power, Inc.
- 18.6. Panasonic Corporation of North America
- 18.7. EnerSys
- 18.8. Toshiba America Electronic Components Inc.
- 18.9. East Penn Manufacturing Co.
- 18.10. Clarios LLC
- 19. Assumptions and Acronyms Used
- 20. Research Methodology
List Of Table
Table 01: United States Industry Value (US$ Mn) Analysis, by Battery Type, 2018 to 2023
Table 02: United States Industry Value (US$ Mn) Analysis, by Battery Type, 2024 to 2034
Table 03: United States Industry Value (US$ Mn) Opportunity Analysis, by Battery Type, 2024 to 2034
Table 04: United States Industry Value (US$ Mn) Analysis, by Battery Capacity, 2018 to 2023
Table 05: United States Industry Value (US$ Mn) Analysis, by Battery Capacity, 2024 to 2034
Table 06: United States Industry Value (US$ Mn) Opportunity Analysis, by Battery Capacity, 2024 to 2034
Table 07: United States Industry Value (US$ Mn) Analysis, by Pack Type, 2018 to 2023
Table 08: United States Industry Value (US$ Mn) Analysis, by Pack Type, 2024 to 2034
Table 09: United States Industry Value (US$ Mn) Opportunity Analysis, by Pack Type, 2024 to 2034
Table 10: United States Industry Value (US$ Mn) Analysis, by Vehicle Type, 2018 to 2023
Table 11: United States Industry Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 12: United States Industry Value (US$ Mn) Opportunity Vehicle Type, by Pack Type, 2024 to 2034
Table 13: United States Industry Value (US$ Mn) Analysis, by Sales Channel, 2018 to 2023
Table 14: United States Industry Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 15: United States Industry Value (US$ Mn) Opportunity Sales Channel, by Pack Type, 2024 to 2034
Table 16: United States Industry Value (US$ Mn) Analysis, by Vehicle Category, 2018 to 2023
Table 17: United States Industry Value (US$ Mn) Analysis, by Vehicle Category, 2024 to 2034
Table 18: United States Industry Value (US$ Mn) Opportunity Analysis, by Vehicle Category, 2024 to 2034
Table 19: United States Industry Value (US$ Mn) Analysis, by Region, 2018 to 2023
Table 20: United States Industry Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 21: United States Industry Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 22: Northeast Industry Value (US$ Mn) Analysis, by Battery Type, 2018 to 2023
Table 23: Northeast Industry Value (US$ Mn) Analysis, by Battery Type, 2024 to 2034
Table 24: Northeast Industry Value (US$ Mn) Opportunity Analysis, by Battery Type, 2024 to 2034
Table 25: Northeast Industry Value (US$ Mn) Analysis, by Battery Capacity, 2018 to 2023
Table 26: Northeast Industry Value (US$ Mn) Analysis, by Battery Capacity, 2024 to 2034
Table 27: Northeast Industry Value (US$ Mn) Opportunity Analysis, by Battery Capacity, 2024 to 2034
Table 28: Northeast Industry Value (US$ Mn) Analysis, by Pack Type, 2018 to 2023
Table 29: Northeast Industry Value (US$ Mn) Analysis, by Pack Type, 2024 to 2034
Table 30: Northeast Industry Value (US$ Mn) Opportunity Analysis, by Pack Type, 2024 to 2034
Table 31: Northeast Industry Value (US$ Mn) Analysis, by Vehicle Type, 2018 to 2023
Table 32: Northeast Industry Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 33: Northeast Industry Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 34: Northeast Industry Value (US$ Mn) Analysis, by Sales Channel, 2018 to 2023
Table 35: Northeast Industry Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 36: Northeast Industry Value (US$ Mn) Opportunity Analysis, by Sales Channel, 2024 to 2034
Table 37: Northeast Industry Value (US$ Mn) Analysis, by Vehicle Category, 2018 to 2023
Table 38: Northeast Industry Value (US$ Mn) Analysis, by Vehicle Category, 2024 to 2034
Table 39: Northeast Industry Value (US$ Mn) Opportunity Analysis, by Vehicle Category, 2024 to 2034
Table 40: Southeast Industry Value (US$ Mn) Analysis, by Battery Type, 2018 to 2023
Table 41: Southeast Industry Value (US$ Mn) Analysis, by Battery Type, 2024 to 2034
Table 42: Southeast Industry Value (US$ Mn) Opportunity Analysis, by Battery Type, 2024 to 2034
Table 43: Southeast Industry Value (US$ Mn) Analysis, by Battery Capacity, 2018 to 2023
Table 44: Southeast Industry Value (US$ Mn) Analysis, by Battery Capacity, 2024 to 2034
Table 45: Southeast Industry Value (US$ Mn) Opportunity Analysis, by Battery Capacity, 2024 to 2034
Table 46: Southeast Industry Value (US$ Mn) Analysis, by Pack Type, 2018 to 2023
Table 47: Southeast Industry Value (US$ Mn) Analysis, by Pack Type, 2024 to 2034
Table 48: Southeast Industry Value (US$ Mn) Opportunity Analysis, by Pack Type, 2024 to 2034
Table 49: Southeast Industry Value (US$ Mn) Analysis, by Vehicle Type, 2018 to 2023
Table 50: Southeast Industry Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 51: Southeast Industry Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 52: Southeast Industry Value (US$ Mn) Analysis, by Sales Channel, 2018 to 2023
Table 53: Southeast Industry Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 54: Southeast Industry Value (US$ Mn) Opportunity Analysis, by Sales Channel, 2024 to 2034
Table 55: Southeast Industry Value (US$ Mn) Analysis, by Vehicle Category, 2018 to 2023
Table 56: Southeast Industry Value (US$ Mn) Analysis, by Vehicle Category, 2024 to 2034
Table 57: Southeast Industry Value (US$ Mn) Opportunity Analysis, by Vehicle Category, 2024 to 2034
Table 58: Southwest Industry Value (US$ Mn) Analysis, by Battery Type, 2018 to 2023
Table 59: Southwest Industry Value (US$ Mn) Analysis, by Battery Type, 2024 to 2034
Table 60: Southwest Industry Value (US$ Mn) Opportunity Analysis, by Battery Type, 2024 to 2034
Table 61: Southwest Industry Value (US$ Mn) Analysis, by Battery Capacity, 2018 to 2023
Table 62: Southwest Industry Value (US$ Mn) Analysis, by Battery Capacity, 2024 to 2034
Table 63: Southwest Industry Value (US$ Mn) Opportunity Analysis, by Battery Capacity, 2024 to 2034
Table 64: Southwest Industry Value (US$ Mn) Analysis, by Pack Type, 2018 to 2023
Table 65: Southwest Industry Value (US$ Mn) Analysis, by Pack Type, 2024 to 2034
Table 66: Southwest Industry Value (US$ Mn) Opportunity Analysis, by Pack Type, 2024 to 2034
Table 67: Southwest Industry Value (US$ Mn) Analysis, by Vehicle Type, 2018 to 2023
Table 68: Southwest Industry Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 69: Southwest Industry Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 70: Southwest Industry Value (US$ Mn) Analysis, by Sales Channel, 2018 to 2023
Table 71: Southwest Industry Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 72: Southwest Industry Value (US$ Mn) Opportunity Analysis, by Sales Channel, 2024 to 2034
Table 73: Southwest Industry Value (US$ Mn) Analysis, by Vehicle Category, 2018 to 2023
Table 74: Southwest Industry Value (US$ Mn) Analysis, by Vehicle Category, 2024 to 2034
Table 75: Southwest Industry Value (US$ Mn) Opportunity Analysis, by Vehicle Category, 2024 to 2034
Table 76: West Industry Value (US$ Mn) Analysis, by Battery Type, 2018 to 2023
Table 77: West Industry Value (US$ Mn) Analysis, by Battery Type, 2024 to 2034
Table 78: West Industry Value (US$ Mn) Opportunity Analysis, by Battery Type, 2024 to 2034
Table 79: West Industry Value (US$ Mn) Analysis, by Battery Capacity, 2018 to 2023
Table 80: West Industry Value (US$ Mn) Analysis, by Battery Capacity, 2024 to 2034
Table 81: West Industry Value (US$ Mn) Opportunity Analysis, by Battery Capacity, 2024 to 2034
Table 82: West Industry Value (US$ Mn) Analysis, by Pack Type, 2018 to 2023
Table 83: West Industry Value (US$ Mn) Analysis, by Pack Type, 2024 to 2034
Table 84: West Industry Value (US$ Mn) Opportunity Analysis, by Pack Type, 2024 to 2034
Table 85: West Industry Value (US$ Mn) Analysis, by Vehicle Type, 2018 to 2023
Table 86: West Industry Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 87: West Industry Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 88: West Industry Value (US$ Mn) Analysis, by Sales Channel, 2018 to 2023
Table 89: West Industry Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 90: West Industry Value (US$ Mn) Opportunity Analysis, by Sales Channel, 2024 to 2034
Table 91: West Industry Value (US$ Mn) Analysis, by Vehicle Category, 2018 to 2023
Table 92: West Industry Value (US$ Mn) Analysis, by Vehicle Category, 2024 to 2034
Table 93: West Industry Value (US$ Mn) Opportunity Analysis, by Vehicle Category, 2024 to 2034
Table 94: Midwest Industry Value (US$ Mn) Analysis, by Battery Type, 2018 to 2023
Table 95: Midwest Industry Value (US$ Mn) Analysis, by Battery Type, 2024 to 2034
Table 96: Midwest Industry Value (US$ Mn) Opportunity Analysis, by Battery Type, 2024 to 2034
Table 97: Midwest Industry Value (US$ Mn) Analysis, by Battery Capacity, 2018 to 2023
Table 98: Midwest Industry Value (US$ Mn) Analysis, by Battery Capacity, 2024 to 2034
Table 99: Midwest Industry Value (US$ Mn) Opportunity Analysis, by Battery Capacity, 2024 to 2034
Table 100: Midwest Industry Value (US$ Mn) Analysis, by Pack Type, 2018 to 2023
Table 101: Midwest Industry Value (US$ Mn) Analysis, by Pack Type, 2024 to 2034
Table 102: Midwest Industry Value (US$ Mn) Opportunity Analysis, by Pack Type, 2024 to 2034
Table 103: Midwest Industry Value (US$ Mn) Analysis, by Vehicle Type, 2018 to 2023
Table 104: Midwest Industry Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 105: Midwest Industry Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 106: Midwest Industry Value (US$ Mn) Analysis, by Sales Channel, 2018 to 2023
Table 107: Midwest Industry Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 108: Midwest Industry Value (US$ Mn) Opportunity Analysis, by Sales Channel, 2024 to 2034
Table 109: Midwest Industry Value (US$ Mn) Analysis, by Vehicle Category, 2018 to 2023
Table 110: Midwest Industry Value (US$ Mn) Analysis, by Vehicle Category, 2024 to 2034
Table 111: Midwest Industry Value (US$ Mn) Opportunity Analysis, by Vehicle Category, 2024 to 2034
List Of Figures
Figure 01: United States Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 02: United States Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: United States Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 04: United States Industry Incremental $ Opportunity, 2024 to 2034
Figure 05: United States Industry Share and BPS Analysis by Battery Type, 2024 & 2034
Figure 06: United States Industry Y-o-Y Growth Projections by Battery Type, 2024 to 2034
Figure 07: United States Industry Attractiveness Analysis by Battery Type, 2024 to 2034
Figure 08: United States Industry Share and BPS Analysis by Battery Capacity, 2024 & 2034
Figure 09: United States Industry Y-o-Y Growth Projections by Battery Capacity, 2024 to 2034
Figure 10: United States Industry Attractiveness Analysis by Battery Capacity, 2024 to 2034
Figure 11: United States Industry Share and BPS Analysis by Pack Type, 2024 & 2034
Figure 12: United States Industry Y-o-Y Growth Projections by Pack Type, 2024 to 2034
Figure 13: United States Industry Attractiveness Analysis by Pack Type, 2024 to 2034
Figure 14: United States Industry Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 15: United States Industry Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 16: United States Industry Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 17: United States Industry Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 18: United States Industry Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 19: United States Industry Attractiveness Analysis by Sales Channel, 2024 to 2034
Figure 20: United States Industry Share and BPS Analysis by Vehicle Category, 2024 & 2034
Figure 21: United States Industry Y-o-Y Growth Projections by Vehicle Category, 2024 to 2034
Figure 22: United States Industry Attractiveness Analysis by Vehicle Category, 2024 to 2034
Figure 23: United States Industry Share and BPS Analysis by Region, 2024 & 2034
Figure 24: United States Industry Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 25: United States Industry Attractiveness Analysis by Region, 2024 to 2034
Figure 26: Northeast Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 27: Northeast Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 28: Northeast Industry Value Y-o-Y Growth and Forecast, 2034
Figure 29: Northeast Industry Incremental $ Opportunity, 2024 to 2034
Figure 30: Northeast Industry Share and BPS Analysis by Battery Type, 2024 & 2034
Figure 31: Northeast Industry Y-o-Y Growth Projections by Battery Type, 2024 to 2034
Figure 32: Northeast Industry Attractiveness Analysis by Battery Type, 2024 to 2034
Figure 33: Northeast Industry Share and BPS Analysis by Battery Capacity, 2024 & 2034
Figure 34: Northeast Industry Y-o-Y Growth Projections by Battery Capacity, 2024 to 2034
Figure 35: Northeast Industry Attractiveness Analysis by Battery Capacity, 2024 to 2034
Figure 36: Northeast Industry Share and BPS Analysis by Pack Type, 2024 & 2034
Figure 37: Northeast Industry Y-o-Y Growth Projections by Pack Type, 2024 to 2034
Figure 38: Northeast Industry Attractiveness Analysis by Pack Type, 2024 to 2034
Figure 39: Northeast Industry Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 40: Northeast Industry Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 41: Northeast Industry Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 42: Northeast Industry Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 43: Northeast Industry Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 44: Northeast Industry Attractiveness Analysis by Sales Channel, 2024 to 2034
Figure 45: Northeast Industry Share and BPS Analysis by Vehicle Category, 2024 & 2034
Figure 46: Northeast Industry Y-o-Y Growth Projections by Vehicle Category, 2024 to 2034
Figure 47: Northeast Industry Attractiveness Analysis by Vehicle Category, 2024 to 2034
Figure 48: Southeast Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 49: Southeast Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 50: Southeast Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 51: Southeast Industry Incremental $ Opportunity, 2024 to 2034
Figure 52: Southeast Industry Share and BPS Analysis by Battery Type, 2024 & 2034
Figure 53: Southeast Industry Y-o-Y Growth Projections by Battery Type, 2024 to 2034
Figure 54: Southeast Industry Attractiveness Analysis by Battery Type, 2024 to 2034
Figure 55: Southeast Industry Share and BPS Analysis by Battery Capacity, 2024 & 2034
Figure 56: Southeast Industry Y-o-Y Growth Projections by Battery Capacity, 2024 to 2034
Figure 57: Southeast Industry Attractiveness Analysis by Battery Capacity, 2024 to 2034
Figure 58: Southeast Industry Share and BPS Analysis by Pack Type, 2024 & 2034
Figure 59: Southeast Industry Y-o-Y Growth Projections by Pack Type, 2024 to 2034
Figure 60: Southeast Industry Attractiveness Analysis by Pack Type, 2024 to 2034
Figure 61: Southeast Industry Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 62: Southeast Industry Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 63: Southeast Industry Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 64: Southeast Industry Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 65: Southeast Industry Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 66: Southeast Industry Attractiveness Analysis by Sales Channel, 2024 to 2034
Figure 67: Southeast Industry Share and BPS Analysis by Vehicle Category, 2024 & 2034
Figure 68: Southeast Industry Y-o-Y Growth Projections by Vehicle Category, 2024 to 2034
Figure 69: Southeast Industry Attractiveness Analysis by Vehicle Category, 2024 to 2034
Figure 70: Southwest Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 71: Southwest Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 72: Southwest Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 73: Southwest Industry Share and BPS Analysis by Battery Type, 2024 & 2034
Figure 74: Southwest Industry Y-o-Y Growth Projections by Battery Type, 2024 to 2034
Figure 75: Southwest Industry Attractiveness Analysis by Battery Type, 2024 to 2034
Figure 76: Southwest Industry Share and BPS Analysis by Battery Capacity, 2024 & 2034
Figure 77: Southwest Industry Y-o-Y Growth Projections by Battery Capacity, 2024 to 2034
Figure 78: Southwest Industry Attractiveness Analysis by Battery Capacity, 2024 to 2034
Figure 79: Southwest Industry Share and BPS Analysis by Pack Type, 2024 & 2034
Figure 80: Southwest Industry Y-o-Y Growth Projections by Pack Type, 2024 to 2034
Figure 81: Southwest Industry Attractiveness Analysis by Pack Type, 2024 to 2034
Figure 82: Southwest Industry Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 83: Southwest Industry Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 84: Southwest Industry Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 85: Southwest Industry Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 86: Southwest Industry Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 87: Southwest Industry Attractiveness Analysis by Sales Channel, 2024 to 2034
Figure 88: Southwest Industry Share and BPS Analysis by Vehicle Category, 2024 & 2034
Figure 89: Southwest Industry Y-o-Y Growth Projections by Vehicle Category, 2024 to 2034
Figure 90: Southwest Industry Attractiveness Analysis by Vehicle Category, 2024 to 2034
Figure 91: West Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 92: West Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 93: West Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 94: West Industry Share and BPS Analysis by Battery Type, 2024 & 2034
Figure 95: West Industry Y-o-Y Growth Projections by Battery Type, 2024 to 2034
Figure 96: West Industry Attractiveness Analysis by Battery Type, 2024 to 2034
Figure 97: West Industry Share and BPS Analysis by Battery Capacity, 2024 & 2034
Figure 98: West Industry Y-o-Y Growth Projections by Battery Capacity, 2024 to 2034
Figure 99: West Industry Attractiveness Analysis by Battery Capacity, 2024 to 2034
Figure 100: West Industry Share and BPS Analysis by Pack Type, 2024 & 2034
Figure 101: West Industry Y-o-Y Growth Projections by Pack Type, 2024 to 2034
Figure 102: West Industry Attractiveness Analysis by Pack Type, 2024 to 2034
Figure 103: West Industry Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 104: West Industry Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 105: West Industry Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 106: West Industry Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 107: West Industry Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 108: West Industry Attractiveness Analysis by Sales Channel, 2024 to 2034
Figure 109: West Industry Share and BPS Analysis by Vehicle Category, 2024 & 2034
Figure 110: West Industry Y-o-Y Growth Projections by Vehicle Category, 2024 to 2034
Figure 111: West Industry Attractiveness Analysis by Vehicle Category, 2024 to 2034
Figure 112: Midwest Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 113: Midwest Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 114: Midwest Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 115: Midwest Industry Share and BPS Analysis by Battery Type, 2024 & 2034
Figure 116: Midwest Industry Y-o-Y Growth Projections by Battery Type, 2024 to 2034
Figure 117: Midwest Industry Attractiveness Analysis by Battery Type, 2024 to 2034
Figure 118: Midwest Industry Share and BPS Analysis by Battery Capacity, 2024 & 2034
Figure 119: Midwest Industry Y-o-Y Growth Projections by Battery Capacity, 2024 to 2034
Figure 120: Midwest Industry Attractiveness Analysis by Battery Capacity, 2024 to 2034
Figure 121: Midwest Industry Share and BPS Analysis by Pack Type, 2024 & 2034
Figure 122: Midwest Industry Y-o-Y Growth Projections by Pack Type, 2024 to 2034
Figure 123: Midwest Industry Attractiveness Analysis by Pack Type, 2024 to 2034
Figure 124: Midwest Industry Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 125: Midwest Industry Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 126: Midwest Industry Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 127: Midwest Industry Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 128: Midwest Industry Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 129: Midwest Industry Attractiveness Analysis by Sales Channel, 2024 to 2034
Figure 130: Midwest Industry Share and BPS Analysis by Vehicle Category, 2024 & 2034
Figure 131: Midwest Industry Y-o-Y Growth Projections by Vehicle Category, 2024 to 2034
Figure 132: Midwest Industry Attractiveness Analysis by Vehicle Category, 2024 to 2034
- FAQs -
What is the estimated demand value for electric vehicle batteries in the United States?
Sales of electric vehicle batteries in the United States are valued at US$ 6.13 billion in 2024.
What is the forecasted market value for 2034?
The market in the United States is calculated to reach US$ 10.37 billion by 2034.
At what rate is the demand for electric vehicle batteries projected to increase?
The United States market is projected to expand at a CAGR of 5.4% from 2024 to 2034.
What is the forecasted demand valuation for electric vehicle batteries in the Western region?
Demand for electric vehicle batteries in the Western region is forecasted to reach a value of US$ 3.54 billion by 2034-end.
What is the market scenario for cylindrical electric vehicle batteries?
Revenue from cylindrical electric vehicle batteries in the United States is projected to increase at 5.7% CAGR and reach US$ 4.78 billion by 2034.
What is the contribution of battery electric vehicles (BEVs) to the United States market?
Battery electric vehicles are calculated to capture 63% share of the market by 2034.
Electric Vehicle Battery Industry Analysis in United States