DUBLIN--(BUSINESS WIRE)--The "North America Battery Market- Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The North America battery market is expected to grow at a CAGR of over 9% during the forecast period. Major factors driving the market include declining lithium-ion battery prices, rapid adoption of electric vehicles, a growing renewable sector and increased sales of consumer electronics. North America remains as a pioneer in the research and innovation in the global battery market and also one of the largest consumers of batteries. On the other hand, the demand-supply mismatch of raw materials is likely to hinder the market growth being studied.
Key Market Trends
- The automotive sector is expected to be one of the major end-user segments for lithium-ion batteries in the near future. The penetration of electric vehicles is anticipated to provide a massive impetus for the lithium-ion battery industry growth.
- The North American region also remains one of the largest consumers of batteries, the integration of renewables with energy storage systems is presenting itself as a market opportunity for the lithium-ion battery market.
- The United States government has been encouraging investors for both Electric Vehicle (EV) and renewable industry, resulting in an increased demand for battery-based energy storage systems, primarily led by lithium-ion batteries.
The North America battery market is fragmented. Some of the key players in this market are Contemporary Amperex Technology Co. Limited, BYD Co. Ltd, Samsung SDI Co., Ltd, LG Chem Ltd. and Panasonic Corporation.
Key Topics Covered:
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET OVERVIEW
4.2 Market Size and Demand Forecast in USD billion, till 2025
4.3 Battery/Raw Material Price Trends and Forecast, by Major Technology Type (in USD per kWh or USD per tonne), till 2025
4.4 International Trade Statistics (Import/Export Data), by Major Technology Type, By Major Countries, in USD, till 2025
4.5 Recent Trends and Developments
4.6 Government Policies and Regulations
4.7 Market Dynamics
4.8 Supply Chain Analysis
4.9 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 BYD Co.Ltd.
6.3.2 Contemporary Amperex Technology Co. Limited
6.3.3 Duracell Inc.
6.3.5 Johnson Controls International plc
6.3.6 LG Chem Ltd
6.3.7 Panasonic Corporation
6.3.8 Saft Groupe S.A.
6.3.9 Samsung SDI Co. Ltd
6.3.10 Sony Corporation
6.3.11 Tesla Inc.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/hh5fmh
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