Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

North America Lithium-ion Battery Market Estimated to Grow with a CAGR of 11.8% During the Forecast Period, 2019-2024 - ResearchAndMarkets.com

January 6, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Jan 6, 2020--

The  “North America Lithium-ion Battery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”  report has been added to  ResearchAndMarkets.com’s  offering.

The publisher expects the market to reach a value of US$ 18.4 Billion by 2024, registering a CAGR of 11.8% during 2019-2024.

The North America lithium-ion battery market reached a value of US$ 9.4 Billion in 2018. Lithium-ion, or Li-ion, batteries can be defined as rechargeable batteries with a high energy density. A typical lithium-ion battery is capable of storing 150 watt-hours of electricity in 1 kilogram of battery. These batteries do not have a memory effect owing to which they are not required to be discharged prior to recharging. These low maintenance batteries are ideal for modern fuel gauge applications as their self-discharge is much lower than that of nickel-cadmium batteries. Besides this, Li-ion batteries can be used for a variety of applications ranging from automobiles to power sources for mobile devices and personal computers.

The North America lithium-ion battery market is currently being driven by several factors. The region is experiencing a mounting demand for electric and hybrid vehicles, which employ lithium-ion batteries. Moreover, the escalating sales of consumer electronics in the region have also catalyzed the demand for these batteries. Apart from this, the need for lithium-ion batteries is stimulated based on their excess power storage capacity, which is beneficial during peak hours of electricity demand. In addition to this, rapid growth in renewable energy production in the region, especially wind and solar energy, has also induced the need for grid energy storage. Furthermore, consumers have started relying on electronic gadgets, such as tablets, laptops and smartphones, for communication and other daily activities. As these devices mostly run on lithium-ion batteries, the demand is being escalated at a rapid pace in the region.

Key Questions Answered in This Report:

Report Coverage:

Key Topics Covered:

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study

2.2 Stakeholders

2.3 Data Sources

2.3.1 Primary Sources

2.3.2 Secondary Sources

2.4 Market Estimation

2.4.1 Bottom-Up Approach

2.4.2 Top-Down Approach

2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Lithium-ion Battery Market

5.1 Market Performance

5.2 Market Breakup by Product Type

5.3 Market Breakup by Power Capacity

5.4 Market Breakup by Application

5.5 Market Breakup by Region

5.6 Market Forecast

6 North America Lithium-ion Battery Market

6.1 Market Performance

6.2 Market Forecast

7 North America Lithium-ion Battery Market: Breakup by Product Type

7.1 Lithium Cobalt Oxide

7.2 Lithium Iron Phosphate

7.3 Lithium Nickel Manganese Cobalt

7.4 Lithium Manganese Oxide

7.5 Others

8 North America Lithium-ion Battery Market: Breakup by Power Capacity

8.1 0 to 3000mAh

8.2 3000mAh to 10000mAh

8.3 10000mAh to 60000mAh

8.4 More than 60000mAh

9 North America Lithium-ion Battery Market: Breakup by Application

9.1 Consumer Electronics

9.2 Electric Vehicles

9.3 Energy Storage

9.4 Others

10 North America Lithium-ion Battery Market: Breakup by Country

10.1 United States

10.1.1 Historical Market Trends

10.1.2 Market Breakup by Product Type

10.1.3 Market Breakup by Power Capacity

10.1.4 Market Breakup by Application

10.1.5 Market Forecast

10.2 Canada

10.3 Mexico

11 SWOT Analysis

11.1 Overview

11.2 Strengths

11.3 Weaknesses

11.4 Opportunities

11.5 Threats

12 Value Chain Analysis

12.1 Overview

12.2 Research and Development

12.3 Raw Material Procurement

12.4 Manufacturing

12.5 Marketing

12.6 Distribution

12.7 End-Use

13 Porter’s Five Forces Analysis

13.1 Overview

13.2 Bargaining Power of Buyers

13.3 Bargaining Power of Suppliers

13.4 Degree of Rivalry

13.5 Threat of New Entrants

13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

15.1 Market Structure

15.2 Key Players

15.3 Profiles of Key Players

For more information about this report visit  https://www.researchandmarkets.com/r/6tiog9

View source version on businesswire.com:https://www.businesswire.com/news/home/20200106005772/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager


For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900



SOURCE: Research and Markets

Copyright Business Wire 2020.

PUB: 01/06/2020 11:31 AM/DISC: 01/06/2020 11:31 AM