United States Electric Vehicle Battery Market Growth, Size, Trends, Demand and Future Outlook: SPER Market Research

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Published: Jun 2024	Report ID: AMIN24137	Pages: 1 - 104	Formats^*:
Category : Automotive & Transportation

United States Electric Vehicle Battery Market Introduction and Overview

According to SPER Market Research, the United States Electric Vehicle Battery Market is estimated to reach USD 10.08 billion by 2033 with a CAGR 5.68%.

The report includes an in-depth analysis of the United States Electric Vehicle Battery Market, including market size and trends, product mix, distribution channels, and supplier analysis. The batteries within electric vehicles (EVs), also referred to as EV batteries, are what power the propulsion systems of EVs and allow them to run independently of conventional internal combustion engines. Lithium-ion cells, which chemically store electrical energy and release it to power the vehicle's electric motor, are the usual components of these batteries. The quantity and efficiency of an electric vehicle's battery pack have a significant impact on its performance and range. When designing and producing batteries, factors like energy density, charging speed, and longevity are vital to take into account.

Market Opportunities and Challenges

Opportunities: Sales of batteries for electric vehicles are expected to be impacted by rising demands for high-energy-density batteries, greener and renewable power generation technologies, and innovative products. Additionally, the market for electric car batteries is being positively impacted by the increased demand for zero-emission vehicles, rising fuel costs, stricter pollution regulations, and the depletion of fossil fuel supplies. Over the past ten years, the price of batteries for electric vehicles has decreased. For example, the price of lithium-ion batteries has decreased by around 97% over the last 30 years, according to the Global Change Data Lab. Since lithium-ion batteries are among the most widely used batteries in electric vehicles, it is expected that their decreasing costs would have an impact on the uptake of EVs and present profitable growth opportunities for Market Growth.

Challenges: Recycling became more expensive and difficult as a result of the limitations the US government imposed on reducing pollution. In order to detect lead emission, recycling companies functioning in the market operate in highly automated, tightly sealed facilities equipped with several sensors and smokestack scrubbers. Market expansion is restrained by the difficulty and expense of adhering to these standards.

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Market Competitive Landscape

The Electric Vehicle Battery market in US slightly consolidated. Some of the market key players are Crown Battery Corporation, Tesla Motors Inc, Wanxiang Group Corporation, General Motors, Romeo Power Inc, Panasonic Corporation, EnerSys, Toshiba America Electronic Components Inc, East Penn Manufacturing Co, Clarios LLC, Others.

Scope of the Report:

Report Metric	Details
Market size available for years	2020-2033
Base year considered	2023
Forecast period	2024-2033
Segments covered	By Battery Type, By Battery Capacity, By Pack Type, By Vehicle Type, By Vehicle Category, By Sales Channel
Regions covered	Eastern, Western, Northern, Southern
Companies Covered	Crown Battery Corporation, Tesla Motors Inc, Wanxiang Group Corporation, General Motors, Romeo Power Inc, Panasonic Corporation, EnerSys, Toshiba America Electronic Components Inc, East Penn Manufacturing Co, Clarios LLC, Others.

COVID-19 Impact on United States Electric Vehicle Battery Market

The market expansion for EV batteries was significantly impacted by the COVID-19 epidemic. The epidemic hindered the mining of elements including lithium, cobalt, nickel, and aluminum, which caused a delay in battery production. Additionally, the lack of raw materials caused supply chains and manufacturing facilities to become disrupted, which ultimately led to a drop in the sales of electric vehicles.

Key Target Audience

Automotive Manufacturers
Battery Manufacturers
Electric Vehicle Owners
Government Agencies and Regulators
Energy and Utility Companies
Research Institutions and Academia
Environmental Organizations
Investors and Financial Institutions

Our in-depth analysis of the United States Electric Vehicle Battery Market includes the following segments:

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 Plug-in-Hybrid Electric Vehicles Battery Electric Vehicles
By Vehicle Category:	Two Wheelers Passenger vehicles Commercial Vehicles

Key Topics Covered in the Report

United States Electric Vehicle Battery Market Size (FYâ€™2024-FYâ€™2033)
Overview of United States Electric Vehicle Battery Market
Segmentation of United States Electric Vehicle Battery Market By Battery Type (Lithium-ion Batteries, Lead Acid Batteries, Nickel Hydride batteries, Others)
Segmentation of United States Electric Vehicle Battery Market By Battery Capacity (Less than 25 kWh, 25 to 50 kWh, 51 to 100 kWh, More than 100 kwh)
Segmentation of United States Electric Vehicle Battery Market By Pack Type (Prismatic, Cylindrical, Pouches)
Segmentation of United States Electric Vehicle Battery Market By Vehicle Type (Hybrid Electric Vehicles, Plug-in-Hybrid Electric Vehicles, Battery Electric Vehicles)
Segmentation of United States Electric Vehicle Battery Market By Vehicle Category (Two Wheelers, Passenger vehicles, Commercial Vehicles)
Segmentation of United States Electric Vehicle Battery Market By Sales Channel (OEMs, Aftermarket)
Expansion Analysis of United States Electric Vehicle Battery Market
Problems and Obstacles in United States Electric Vehicle Battery Market
Competitive Landscape in the United States Electric Vehicle Battery Market
Impact of COVID-19 and Demonetization on United States Electric Vehicle Battery Market
Details on Current Investment in United States Electric Vehicle Battery Market
Competitive Analysis of United States Electric Vehicle Battery Market
Prominent Players in the United States Electric Vehicle Battery Market
SWOT Analysis of United States Electric Vehicle Battery Market
United States Electric Vehicle Battery Market Future Outlook and Projections (FYâ€™2024-FYâ€™2033)
Recommendations from Analyst

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source

2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERâ€™s internal database
2.1.4. Premium insight from KOLâ€™s

2.2. Market size estimation

2.2.1. Top-down and Bottom-up approach

2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis

4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges

4.2. COVID-19 Impacts of the United States Electric Vehicle Battery Market

5. Market variable and outlook

5.1. SWOT Analysis

5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats

5.2. PESTEL Analysis

5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape

5.3. PORTERâ€™s Five Forces

5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry

5.4. Heat Map Analysis

6. Competitive Landscape

6.1. United States Electric Vehicle Battery Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in United States Electric Vehicle Battery Market

7. United States Electric Vehicle Battery Market, By Battery Type (USD Million) 2020-2033

7.1. United States Electric Vehicle Battery Market Size, Share and Forecast, By Battery Type, 2020-2026
7.2. United States Electric Vehicle Battery Market Size, Share and Forecast, By Battery Type, 2027-2033
7.3. Lithium-ion Batteries
7.4. Lead Acid Batteries
7.5. Nickel Hydride batteries
7.6. Others

8. United States Electric Vehicle Battery Market, By Battery Capacity (USD Million) 2020-2033

8.1. United States Electric Vehicle Battery Market Size, Share and Forecast, By Battery Capacity, 2020-2026
8.2. United States Electric Vehicle Battery Market Size, Share and Forecast, By Battery Capacity, 2027-2033
8.3. Less than 25 kWh
8.4. 25 to 50 kWh
8.5. 51 to 100 kWh
8.6. More than 100 kwh

9. United States Electric Vehicle Battery Market, By Pack Type (USD Million) 2020-2033

9.1. United States Electric Vehicle Battery Market Size, Share and Forecast, By Pack Type, 2020-2026
9.2. United States Electric Vehicle Battery Market Size, Share and Forecast, By Pack Type, 2027-2033
9.3. Prismatic
9.4. Cylindrical
9.5. Pouches

10. United States Electric Vehicle Battery Market, By Vehicle Type (USD Million) 2020-2033

10.1. United States Electric Vehicle Battery Market Size, Share and Forecast, By Vehicle Type, 2020-2026
10.2. United States Electric Vehicle Battery Market Size, Share and Forecast, By Vehicle Type, 2027-2033
10.3. Hybrid Electric Vehicles
10.4. Plug-in-Hybrid Electric Vehicles
10.5. Battery Electric Vehicles

11. United States Electric Vehicle Battery Market, By Vehicle Category (USD Million) 2020-2033

11.1. United States Electric Vehicle Battery Market Size, Share and Forecast, By Vehicle Category, 2020-2026
11.2. United States Electric Vehicle Battery Market Size, Share and Forecast, By Vehicle Category, 2027-2033
11.3. Two Wheelers
11.4. Passenger vehicles
11.5. Commercial Vehicles

11.5.1. LCVs
11.5.2. HCVs
11.5.3. Buses

12. United States Electric Vehicle Battery Market, By Sales Channel (USD Million) 2020-2033

12.1. United States Electric Vehicle Battery Market Size, Share and Forecast, By Sales Channel, 2020-2026
12.2. United States Electric Vehicle Battery Market Size, Share and Forecast, By Sales Channel, 2027-2033
12.3. OEMs
12.4. Aftermarket

13. United States Electric Vehicle Battery Market Forecast, 2020-2033 (USD Million)

13.1. United States Electric Vehicle Battery Market Size and Market Share

14. United States Electric Vehicle Battery Market, By Region, 2020-2033 (USD Million)

14.1. United States Electric Vehicle Battery Market Size and Market Share By Region (2020-2026)
14.2. United States Electric Vehicle Battery Market Size and Market Share By Region (2027-2033)
14.3. Eastern
14.4. Western
14.5. Northern
14.6. Southern

15. Company Profile

15.1. Crown Battery Corporation

15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments

15.2. Tesla Motors Inc

15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments

15.3. Wanxiang Group Corporation

15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments

15.4. General Motors

15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments

15.5. Romeo Power Inc

15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments

15.6. Panasonic Corporation

15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent developments

15.7. EnerSys

15.7.1. Company details
15.7.2. Financial outlook
15.7.3. Product summary
15.7.4. Recent developments

15.8. Toshiba America Electronic Components Inc

15.8.1. Company details
15.8.2. Financial outlook
15.8.3. Product summary
15.8.4. Recent developments

15.9. East Penn Manufacturing Co

15.9.1. Company details
15.9.2. Financial outlook
15.9.3. Product summary
15.9.4. Recent developments

15.10. Clarios LLC

15.10.1. Company details
15.10.2. Financial outlook
15.10.3. Product summary
15.10.4. Recent developments

15.11. Others

16. Conclusion

17. Reference Links

18. List of Abbreviations

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

SPER-Methodology-1

SPER-Methodology-2

SPER-Methodology-3

Frequently Asked Questions About This Report

How big is the United States Electric Vehicle Battery Market?

United States Electric Vehicle Battery Market is projected to reach USD 10.08 billion by 2033, growing at a CAGR of 5.68% during the forecast period.

What is the growth rate of the United States Electric Vehicle Battery Market?

United States Electric Vehicle Battery Market grew in Market size from 2022. The Market is expected to reach USD 10.08 billion by 2033, at a CAGR of 5.68% during the forecast period.

What is the anticipated CAGR of the United States Electric Vehicle Battery Market?

United States Electric Vehicle Battery Market CAGR of 5.68% during the forecast period.

How can I get a sample report on the United States Electric Vehicle Battery Market?

You can get the sample pages by clicking the link - Click Here

What is the Market size of the United States Electric Vehicle Battery Market?

United States Electric Vehicle Battery Market size is USD 10.08 billion from 2024 to 2033.

Which segment is expected to United States Electric Vehicle Battery Market?

United States Electric Vehicle Battery Market Segment is covered By Battery Type, By Battery Capacity, By Pack Type, By Vehicle Type, By Vehicle Category, By Sales Channel.

Which region is expected to have the highest Market share in the United States Electric Vehicle Battery Market?

The North America is anticipated to have the highest Market share in the United States Electric Vehicle Battery Market.

Who are the key players in United States Electric Vehicle Battery Market?

The key players in the Market include Companies Covered Crown Battery Corporation, Tesla Motors Inc, Wanxiang Group Corporation, General Motors, Romeo Power Inc, Panasonic Corporation, EnerSys, Toshiba America Electronic Components Inc, East Penn Manufacturing Co, Clarios LLC, Others.

What is the conclusion of the United States Electric Vehicle Battery Market?

The batteries within electric vehicles (EVs), also referred to as EV batteries, are what power the propulsion systems of EVs and allow them to run independently of conventional internal combustion engines.