North America Automotive Lithium-ion Battery Cell Market was valued at USD 5.1 Billion in 2022 and is projected to reach USD 12.7 Billion by 2030, growing at a CAGR of 12.8% from 2024 to 2030.
The North American automotive sector is undergoing a monumental shift, driven by the growing demand for electric vehicles (EVs) and the rising need for advanced energy storage solutions. A key enabler of this transformation is the automotive lithium-ion battery cell market, which is witnessing exponential growth. With increasing environmental concerns and regulatory pressure to reduce carbon emissions, industries in the region are heavily relying on high-performance battery cells to power their electric vehicles and meet evolving consumer demands.
In recent years, the automotive lithium-ion battery cell market in North America has seen a significant uptick in demand, particularly due to the rapid expansion of electric vehicles. Industry players, including automakers and battery manufacturers, are aligning their strategies to meet the growing need for batteries that offer longer driving ranges, faster charging capabilities, and enhanced durability. These advancements are crucial as consumers and governments push for cleaner alternatives to traditional gasoline-powered vehicles.
To meet these rising demands, automakers are investing heavily in research and development to optimize battery chemistry, size, and performance. Companies are also partnering with battery manufacturers to improve production capabilities and reduce costs associated with large-scale battery deployment. The push towards sustainability is driving industries to find innovative ways to manufacture lithium-ion batteries that are both efficient and environmentally friendly, utilizing more sustainable raw materials and recycling processes.
At the same time, the demand for electric buses, trucks, and other commercial vehicles is growing, further fueling the need for advanced automotive battery solutions. Industries are also exploring new applications in energy storage systems, making it clear that the automotive lithium-ion battery cell market's influence extends beyond just passenger vehicles.
As North America continues its transition to greener, more sustainable energy solutions, the role of lithium-ion batteries in the automotive sector cannot be overstated. With continued innovation, the North American automotive lithium-ion battery cell market is poised for even more growth in the years to come.
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Duracell
Energizer Brands
Samsung SDI
Toshiba
Contemporary Amperex Technology
Hitachi Chemical
Automotive Energy Supply
GS Yuasa International
Johnson Controls
Future Hi-Tech Batteries
Tianjin Lishen Battery
Hunan Shanshan Toda Advanced Materials
Panasonic Corporation
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America Automotive Lithium-ion Battery Cell Market
Battery Electric Vehicle (BEV)
Plug-in Hybrid Electric Vehicle (PHEV)
Fuel-cell Electric Vehicle
Based on Types the Market is categorized into Below types that held the largest Automotive Lithium-ion Battery Cell market share In 2023.
Lithium Iron Phosphate (LFP)
Lithium Cobalt Oxide (LCO)
Lithium Manganese Oxide (LMO)
Lithium Nickel Manganese Cobalt Oxide (NMC)
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the North America Automotive Lithium-ion Battery Cell Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Automotive Lithium-ion Battery Cell Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Automotive Lithium-ion Battery Cell Market, By Type
6. North America Automotive Lithium-ion Battery Cell Market, By Application
7. North America Automotive Lithium-ion Battery Cell Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Automotive Lithium-ion Battery Cell Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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