North America Lithium-ion Battery Market worth $67.79 billion by 2033
The report "North America Lithium-ion Battery Market by Battery Type (NMC, LFP, LCO, LTO, LMO, NCA), Cell Type (Prismatic, Pouch, Cylindrical), Capacity (<50 kWh, 50–100 kWh, >100 kWh), Energy Storage (Residential, Utilities), Medical - Forecast to 2033" is projected to grow from USD 31.93 billion in 2025 and to reach USD 67.79 billion by 2033, at a Compound Annual Growth Rate (CAGR) of 9.9% during the forecast period.
Browse 200 market data Tables and 45 Figures spread through 240 Pages and in-depth TOC on " North America Lithium-ion Battery Market by Battery Type (NMC, LFP, LCO, LTO, LMO, NCA), Cell Type (Prismatic, Pouch, Cylindrical), Capacity (<50 kWh, 50–100 kWh, >100 kWh), Energy Storage (Residential, Utilities), Medical - Forecast to 2033"
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Advances in battery technology, including higher energy density, increased safety, and longer cycle life, are improving performance and reliability across North America. The strong adoption of electric vehicles, federal incentives, and increased investment in domestic battery manufacturing and recycling are accelerating market growth. The region's expansion is supported by clean-energy policies, rising demand for energy-storage systems, and efforts to strengthen the critical minerals supply chain. These factors, backed by regional sustainability goals, evolving regulations, and ongoing innovations in materials and recycling, are making North America’s lithium-ion batteries a key part of the broader clean-energy and electrification strategies.
NMC battery type to dominate North America's lithium-ion market in forecast period
Lithium nickel manganese cobalt (NMC) batteries are poised to maintain a strong presence in the North American lithium-ion battery market, thanks to their high energy density, long cycle life, and thermal stability. In the US, increasing EV production, federal incentives for domestic battery manufacturing, and rapid growth in energy-storage projects continue to boost demand for NMC technology. Canada’s clean energy policies, expanding grid-storage initiatives, and strengthening of the critical minerals supply chain—especially for nickel and cobalt—further support regional adoption. Mexico’s contribution comes through its established automotive manufacturing industry and the growing integration of battery solutions into local production.
Energy storage to witness highest growth rate during forecast period
Energy storage is expected to experience the highest growth rate in the North American lithium-ion battery market during the forecast period, driven by increasing demand for efficient power management across various sectors. This growth is supported by rising grid modernization efforts and the expanding integration of renewable energy. The US is leading deployment with large utility-scale storage projects backed by federal incentives and state-level mandates. Canada is increasing storage installations to improve grid resilience and support clean-energy goals. Mexico is gradually adopting lithium-ion storage solutions to enhance grid stability and meet growing industrial and commercial power needs. Overall, strong policy support, falling battery costs, and advancements in battery management systems are accelerating the adoption of lithium-ion technology across the region’s energy-storage landscape.
US poised to maintain largest market share throughout forecast period
The US holds the largest share in North America's lithium-ion battery market, driven by significant public and private investments and ongoing growth in the regional EV and energy storage sectors. Major federal funding programs are speeding up the development of battery manufacturing facilities, critical mineral processing, and recycling infrastructure. Rising EV adoption, supported by consumer incentives and clean transportation policies, is boosting demand and encouraging domestic capacity growth. Collaboration among OEMs, suppliers, and government agencies strengthens the supply chain and promotes innovation in advanced battery materials and technologies. As both industrial and consumer sectors increasingly use lithium-ion batteries, Europe is expected to remain a key market player throughout the forecast period.
Major companies operating in the North America lithium-ion battery market are Contemporary Amperex Technology Co., Limited. (China), LG Energy Solution (South Korea), Panasonic Holdings Corporation (Japan), BYD Company Ltd. (China), and SAMSUNG SDI (South Korea), among others.
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