Battery manufacturers have faced significant revenue volatility over recent years. Federal initiatives like the Infrastructure Investment and Jobs Act and the Inflation Reduction Act provided substantial subsidies to accelerate this transition, spurring an influx of investments in battery manufacturing plants. In response, battery manufacturers have accepted several new entrants specializing in EV battery pack manufacturing, making future demand for automotive batteries promising. Although demand for batteries bounced back during the 2021 recovery, unfavorable economic conditions, including elevated inflation, weakened battery sales. As a result, revenue has grown at an estimated CAGR of 3.2% to $12.1 billion through the end of 2025, including a 0.5% boost in 2025 alone. The focus remains on enhancing domestic battery infrastructure to meet the escalating demand for EVs and storage solutions. Notable investments include the $14 billion battery plant by Toyota in North Carolina and LG Energy's ongoing construction of battery plants in Ohio and Arizona. However, tariffs imposed in previous years continue to threaten the industry, with uncertainty lingering around the future trade relations with China, Canada and Mexico. Battery manufacturers are actively seeking to diversify their input component supply chains to mitigate the risks associated with import controls and retaliatory tariffs. Meanwhile, innovation continues to be a priority, with efforts concentrated on developing more efficient, lighter and longer-lasting batteries to maintain competitiveness in the market while looking to optimize profit. The battery manufacturing industry is expected to experience moderate growth, with a shift in focus towards batteries for stationary storage amidst the potential slowdown of EV adoption. The US Department of Energy is set to play a vital role in this transition, incentivizing the deployment of non-lithium battery projects to support the net-zero energy goals by 2050. Similarly, the Federal Reserve's efforts to lower inflation are expected to boost consumer spending through stabilizing prices, encouraging consumers to purchase more manufactured products. Although research and development costs are expected to remain substantial, driving consolidation within the industry, these investments will support long-term growth and innovation, enabling a more resilient and diversified revenue stream. Battery manufacturers' revenue is expected to swell at an estimated CAGR of 2.1% to $13.5 billion through 2030.

The US Electric Vehicle Battery Manufacturing Market report segments the industry into Battery (Lithium-ion, Lead-Acid, Nickel Metal Hydride Battery, Others), Battery Form (Prismatic, Pouch, Cylindrical), Vehicle (Passenger Cars, Commercial Vehicles, Others), and Propulsion (Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle). Includes historical data and five-year forecasts.

The rapid rise of electric vehicles (EVs) has bolstered demand for lithium batteries as consumer preferences steadily shift from gasoline-powered vehicles. Battery producers have benefited greatly from the Bipartisan Infrastructure Law as the act allocates significant funds toward clean energy infrastructure and EV charging stations across the country, which rely heavily on lithium batteries. Growth stagnated during the height of the pandemic amid plummeting consumer confidence and spending. Even so, the growing prevalence of EVs supported manufacturers, contributing to a stellar recovery. Producers have contended with volatile lithium prices, which have driven industry performance and displayed the weakening demand from the EV sector. These trends caused revenue to contract at an estimated CAGR of 0.5% to $1.9 billion through the end of 2024, despite a 3.8% gain that year alone, as manufacturers power through high interest rates and weak consumer confidence. Manufacturers also face extensive globalization, with imports accounting for most of the domestic demand and exports generating the majority of revenue. High-quality batteries made in the United States are desirable worldwide, especially in Mexico and Canada, where transportation is easy, and trade agreements limit barriers. More auto companies, including Toyota, have signed agreements with lithium battery manufacturers to ramp up EV production, creating a steady and predictable source of income moving forward and boosting profit. Start-up companies have struggled to gain long-term contracts, leading to major profit discrepancies. Lithium battery manufacturers will recover over the coming years as more downstream manufacturers use lithium batteries in consumer products and electric vehicles replace combustion engines. Even so, Asian lithium battery producers will remain leaders since they produce higher volumes at lower costs. US manufacturers will still find room to succeed, especially as EV production and clean energy infrastructure in the United States ramp up, requiring easy access to a high volume of batteries. Altogether, revenue will climb at an expected CAGR of 2.7% to $2.2 billion through 2029.

The United States Battery Manufacturing Equipment Market is segmented by Machine Type (Coating & Dryer, Calendaring, Slitting, Mixing, Electrode Stacking, Assembly & Handling Machine, Formation & Testing Machine), End-User (Automotive, Industrial, and Other End Users). The report offers the market size and forecasts for the battery manufacturing equipment market in revenue (USD Billion) for all the above segments.

U.S. battery market projected to reach USD 85.70 billion by 2030, driven by EV growth, tech advancements, and NDB adoption.

In 2023, the global battery manufacturing capacity was around 2.2 terawatt hours. Over 80 percent came from China, which took the lead in this sector. According to a recent forecast on battery manufacturing, China is expected to maintain its top position in the forthcoming decade, reaching a capacity of four terawatt-hours by 2030, followed by the United States. Battery capacity in Europe Together with China and the United States, the European region had one of the largest battery manufacturing capacities as of 2023. In that year, the region had an installed battery storage capacity of almost 36 gigawatt-hours. Germany was the biggest market in Europe, possessing a third of the region’s battery capacity. Battery storage companies worldwide The major battery energy storage companies are headquartered in China and the U.S., the leading countries in the sector. Among the publicly traded battery energy producers, the U.S.-based Tesla and China-based CATL were the companies with the largest market capitalization as of June 2023. In contrast, the major EV battery manufacturers in the world were all located in East Asia, and CATL dominated the market with an installed capacity of over 240 gigawatt-hours.

Market Size statistics on the Battery Manufacturing industry in United States

The United States SLI battery market is projected to grow at a CAGR of 3.35% during the forecast period, 2025-2033. The value of the market is projected to reach $1.45 million by 2033, up from $1.25 million in 2025. The growth of the market is attributed to the increasing demand for SLI batteries from the automotive industry. SLI batteries are used to start internal combustion engines in vehicles. The increasing number of vehicles on the road is driving the demand for SLI batteries. In addition, the increasing adoption of electric vehicles is also expected to boost the demand for SLI batteries, as they are used to provide backup power to these vehicles. The United States SLI battery market is segmented by type and end user. By type, the market is segmented into flooded batteries, VRLA batteries, and EBF batteries. By end user, the market is segmented into automotive and others. The automotive segment is the largest segment of the market, accounting for over 80% of the total market value. The others segment includes applications such as marine, industrial, and military. The key players in the United States SLI battery market include GS Yuasa International Ltd, Exide Technologies, Johnson Controls, EnerSys, Leoch International Technology Limited Inc, East Penn Manufacturing Company, C&D Technologies Inc, Clarios International Inc, Trojan Battery Company, and Crown Battery Manufacturing Company. Recent developments include: May 2024: Monbat, a leading European player in lead batteries, revealed its blueprint for expansion, earmarking a new assembly line at its Montana plant. This expansion, beyond AGM and SLI batteries, will encompass lines dedicated to terminal insert manufacturing and washing separators. The move is poised to bolster the market for SLI batteries in the United States.January 2024: TAB, a global manufacturer specializing in industrial, SLI, and lithium-ion batteries, chose Liberty, Missouri, as the site for its inaugural US facility. This strategic move not only positioned TAB for enhanced distribution across North America but also established Liberty as the nerve center for TAB's US operations, spanning industrial battery assembly, distribution, and sales.. Key drivers for this market are: 4., Growing Electric Vehicle Sales4.; Growing Adoption of Batteries in the Industrial Applications. Potential restraints include: 4., Growing Electric Vehicle Sales4.; Growing Adoption of Batteries in the Industrial Applications. Notable trends are: The Automotive End-user Segment is Expected to Witness Significant Growth.

The market for batteries is projected to grow more than ****-fold between 2021 and 2030. While the market was sized at nearly *** billion U.S. dollars in 2021, it is expected to reach the size of almost *** billion U.S. dollars in 2030. The dominant segment of the market will continue to be the lithium-ion battery segment.

US Battery Manufacturing Equipment Market size was valued at USD 3.9 Billion in 2024 and is projected to reach USD 19.3 Billion by 2032, growing at a CAGR of 22.1% from 2026 to 2032.

The growing manufacturing of electric vehicles (EVs) drive the US battery manufacturing equipment market. With EV sales in the United States increasing by 45% in 2023 to 1.2 million units, and forecasts predicting that EVs will account for 45% of all new car sales by 2030, demand for battery production equipment is expected to skyrocket. As more manufacturers increase production of electric vehicles, the demand for efficient, high-capacity battery production systems grows significantly. This rise in demand is stimulating investment in new manufacturing facilities and innovative equipment to fulfill rising battery demands, resulting in additional expansion in the battery manufacturing equipment market. Government support and incentives fuel the US battery manufacturing equipment market. The Inflation Reduction Act provides considerable tax credits of up to $45/kWh for battery cell production and $10/kWh for battery modules, greatly reducing the financial burden on manufacturers. The Department of Energy's $369 billion budget for sustainable energy initiatives, which includes investments in battery manufacturing facilities, provides additional financial support. These policies are promoting the increase of local battery production capacity, encouraging investments in new technologies and equipment, and, eventually, speeding up the market's growth.

The size of the United States Battery Manufacturing Equipment Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 22.00">> 22.00% during the forecast period. Battery manufacturing equipment encompasses the machinery and tools required to produce battery cells. This equipment is essential for various stages of the manufacturing process, including electrode manufacturing, cell assembly, and cell finishing. Key components include slurry mixers for electrode preparation, coating machines for applying active materials, and assembly machines for stacking or winding electrodes into cells. Equipment for electrolyte filling, cell sealing, and formation processes are crucial to ensure the batteries meet quality and performance standards. Advanced battery manufacturing equipment often incorporates automation and precision control to enhance efficiency, reduce production costs, and maintain high-quality standards. Recent developments include: In December 2022, General Motors and LG Energy Solution will spend an additional USD 275 million in their joint venture battery plant in Tennessee to increase production by more than 40%. The joint venture, Ultium Cells LLC, announced that the new investment is in addition to the USD 2.3 billion announced in April 2021 to build the 2.8 million-square-foot facility. Production at the plant is expected to begin in late 2023., In November 2022, Hyundai Motor Group and SK On, the lithium-ion battery subsidiary branch of SK Innovation, signed a memorandum of understanding (MOU) for a new EV battery manufacturing facility. The companies aim to begin operations in 2025 and said it is expected to create more than 3,500 new jobs through approximately USD 4-5 billion of investment in Georgia's Bartow County.. Key drivers for this market are: 4., Increasing Investments in Offshore Wind Power Projects4.; Supportive Government Policies. Potential restraints include: 4., Increasing Adopting of Alternative Clean Energy Sources (Ex: Solar, Hydro). Notable trends are: Automotive Segment to Dominate the Market.

The North America Battery Market report segments the industry into Type (Primary, Secondary), Technology (Lead-Acid, Lithium-Ion, Other Technologies), Application (Automotive, Industrial Batteries (Motive, Stationary (Telecom, UPS, Energy Storage Systems (ESS), etc.)), Consumer Electronics, Other Applications), and Geography (United States, Canada, Rest of North America). Get five years of historical data and five-year forecasts.

The United States battery manufacturing equipment market is experiencing robust growth, driven by the burgeoning electric vehicle (EV) sector and the increasing demand for energy storage solutions. With a Compound Annual Growth Rate (CAGR) exceeding 22% from 2019 to 2024, and a projected continuation of this strong growth through 2033, the market presents significant opportunities for equipment manufacturers and investors. The market's segmentation reflects the diverse needs of the battery production process, encompassing machines for coating and drying, calendaring, slitting, mixing, electrode stacking, assembly and handling, and formation and testing. Key end-user segments include the automotive and industrial sectors, with the automotive sector currently dominating due to the rapid expansion of EV production. Leading players like Xiamen Lith Machine Limited, Xiamen Tmax Battery Equipments Limited, IPG Photonics Corporation, Dürr AG, Hitachi Ltd, and Schuler AG are actively competing in this dynamic landscape, investing in innovation and expanding their product portfolios to cater to evolving market demands. While precise market size figures for the United States in 2025 are not provided, a reasonable estimate, considering the global CAGR and the significant US contribution to EV and energy storage markets, would place the market value in the billions of US dollars. The market's growth is fueled by several key factors including government initiatives promoting EV adoption and renewable energy integration, increasing consumer demand for electric vehicles, and the rising adoption of energy storage systems in various applications. However, challenges such as supply chain disruptions, material cost fluctuations, and the need for advanced automation technologies to maintain efficiency and quality present potential restraints. To capitalize on the opportunities, manufacturers are focusing on developing highly efficient, automated, and cost-effective equipment. Furthermore, strategic partnerships, mergers, and acquisitions are likely to shape the competitive landscape in the coming years. The focus on sustainable manufacturing practices and the development of equipment for next-generation battery technologies such as solid-state batteries will further drive market expansion and innovation. The US market’s robust growth trajectory is expected to continue, propelled by strong domestic demand and technological advancements. Recent developments include: In December 2022, General Motors and LG Energy Solution will spend an additional USD 275 million in their joint venture battery plant in Tennessee to increase production by more than 40%. The joint venture, Ultium Cells LLC, announced that the new investment is in addition to the USD 2.3 billion announced in April 2021 to build the 2.8 million-square-foot facility. Production at the plant is expected to begin in late 2023., In November 2022, Hyundai Motor Group and SK On, the lithium-ion battery subsidiary branch of SK Innovation, signed a memorandum of understanding (MOU) for a new EV battery manufacturing facility. The companies aim to begin operations in 2025 and said it is expected to create more than 3,500 new jobs through approximately USD 4-5 billion of investment in Georgia's Bartow County.. Notable trends are: Automotive Segment to Dominate the Market.

The North America Lithium-ion Battery Market size was valued at USD 16.53 Million in 2023 and is projected to reach USD 80.38 Million by 2032, exhibiting a CAGR of 25.35 % during the forecasts periods.The North American lithium-ion battery market has registered steep growth, driven by factors converging between increased penetration of electric vehicles, renewable energy storage solutions, and consumer demand for portable electronic devices. Critical drivers for this market will continue to be the United States and Canada, with strong manufacturing capabilities and high levels of technological innovation. The states, like California, are promoting the use of EVs and the integration of renewable energy in the U.S. This creates demand for more advanced lithium-ion batteries with increased energy storage capacity from both solar and wind power plants. Federal and state incentives at all levels further support market growth by providing investment incentives for battery manufacturing facilities and R&D funding for next-generation battery technologies. Another key market player is Canada, which holds extensive reserves of critical minerals used in the production of lithium-ion batteries. Its commitment to finding sustainable energy solutions and promotion of EV infrastructure development drive huge investments in the manufacture and deployment of batteries. Improvements in technological aspects of lithium-ion batteries, such as energy density, life, and safety, further increase their attractiveness for as many industries as possible. Besides automotive and renewable energy applications, lithium-ion batteries find increasing interest in grid-scale energy storage projects for stabilizing electricity supply and supporting a more resilient and sustainable energy infrastructure. Recent developments include: February 2023: Ascend Elements, a United States-based battery recycling and engineered materials company announced a basic agreement with Honda Motor Co. Ltd to collaborate on stable procurement of recycled lithium-ion battery materials for Honda electric vehicles in North America, which is expected to reduce the carbon footprint of electric vehicles., January 2023: United States battery manufacturer Yoshino Technology announced the development of solid-state lithium-ion batteries with outputs ranging from 330 W to 4,000 W designed for home backup, off-grid applications, and powering small industrial machinery. The system can be used in combination with solar panels. The 4,000 W power station has a peak power of 6000 W and 2,611 Wh capacity. A 600 W solar panel can fully recharge in 5.5 hours.. Key drivers for this market are: 4., Declining Lithium-Ion Battery Prices4.; Increasing Adoption Of Electric Vehicles. Potential restraints include: 4., Safety Concerns Related To Lithium-Ion Battery. Notable trends are: Automotive Batteries Expected to be the Fastest-growing Segment.

Market Size statistics on the Lithium Battery Manufacturing industry in United States

The report on U.S. Electric Vehicle Battery Manufacturing covers a summarized study of several factors supporting market growth, such as market size, market type, major regions, and end-user applications. The report enables customers to recognize key drivers that influence and govern the market.

The United States battery manufacturing equipment market was valued at USD 3.71 Billion in 2024. The industry is expected to grow at a CAGR of 22.10% during the forecast period of 2025-2034 to attain a valuation of USD 27.32 Billion by 2034.

The North American battery market, valued at $12.40 billion in 2025, is poised for robust growth, projected to expand at a Compound Annual Growth Rate (CAGR) of 16.65% from 2025 to 2033. This surge is driven by the increasing demand for electric vehicles (EVs) across the United States and Canada, coupled with the rising adoption of battery-powered devices in industrial and consumer electronics sectors. The market is segmented by battery type (lead-acid, lithium-ion, and other technologies), application (automotive, industrial, consumer electronics, and others), and geography (United States, Canada, and Rest of North America). Lithium-ion batteries dominate the market due to their higher energy density and longer lifespan, fueling significant growth in the automotive segment, particularly EVs and hybrid electric vehicles (HEVs). The industrial sector's increasing reliance on energy storage solutions for renewable energy integration and backup power further contributes to market expansion. While the initial investment costs for lithium-ion batteries remain a restraint, continuous technological advancements and economies of scale are gradually mitigating this challenge. Furthermore, government initiatives promoting clean energy and sustainable transportation are expected to accelerate market growth in the coming years. The Rest of North America region is also projected to experience significant growth, driven by industrial applications and the increasing adoption of renewable energy solutions. Growth within the North American battery market is not uniform across segments. The automotive segment, specifically EV adoption, is the primary driver of market expansion. However, the industrial and consumer electronics segments are also experiencing notable growth, fueled by the rising demand for portable power and energy storage solutions. Companies like BYD, CATL, and Tesla are major players, competing on price, performance, and technological innovation. The market's competitiveness will likely intensify as new entrants emerge and existing players expand their product portfolios and geographical reach. The continued focus on improving battery lifespan, safety features, and sustainable manufacturing practices will be crucial factors influencing future market dynamics. The shift towards sustainable energy solutions and government incentives will further support long-term growth in the North American battery market. Recent developments include: August 2022: Honda Motor Company announced the development of a lithium-ion battery plant for electric vehicles in the United States with Korean battery supplier LG Energy Solution Ltd for a USD 4.4 billion investment. As part of the partnership, the companies aim to produce approximately 40 GWh of batteries annually for use exclusively in North America's Honda and Acura electric vehicles., May 2022: Stellantis N.V. and Samsung SDI announced the construction of an electric-vehicle lithium-ion battery manufacturing facility in Kokomo, Indiana, United States. It is anticipated that the plant will be operational in 2025, with an initial capacity of 23 GWh, with an aim to increase to 33 GWh in the next few years. The joint venture company is going to invest over USD 2.5 billion in the manufacturing plant.. Key drivers for this market are: 4., Declining Lithium-ion Battery Prices4.; Increasing Adoption of Electric Vehicles and Renewable Energy projects. Potential restraints include: 4., Declining Lithium-ion Battery Prices4.; Increasing Adoption of Electric Vehicles and Renewable Energy projects. Notable trends are: Automotive Application to Witness Significant Growth.

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Battery Market Size 2024-2028

The battery market size is forecast to increase by USD 296.6 billion, at a CAGR of 18.69% between 2023 and 2028.

The market is experiencing significant shifts and trends, driven primarily by the automotive industry's transition towards electric vehicles (EVs). This transition signifies a substantial demand for advanced batteries packs , fueling the market's growth. Technological advancements, such as improvements in battery efficiency and energy density, are further propelling the market forward. However, challenges persist, including the prevalence of counterfeit batteries. These counterfeit batteries pose risks to both consumers and manufacturers, threatening the integrity of the market and potentially undermining the environmental benefits of EVs.
Companies must navigate this challenge by implementing robust quality control measures and collaborating with industry stakeholders to combat counterfeit batteries. The market's strategic landscape remains dynamic, with the need for continuous innovation and adaptation to capitalize on opportunities and overcome challenges.

What will be the Size of the Battery Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, driven by advancements in technology and expanding applications across various sectors. Battery size and energy density are critical factors shaping the market, with ongoing research and innovation leading to increased capacity and improved performance. Battery monitoring and management systems are essential for optimizing battery life and ensuring safety, particularly in applications such as off-grid power and medical devices. The battery supply chain is a complex web of raw material sourcing, manufacturing, and recycling. Nickel-cadmium batteries have traditionally dominated certain markets, but lithium-ion batteries are gaining popularity due to their higher energy density and longer cycle life.

Battery cost remains a significant challenge, with ongoing efforts to reduce costs through manufacturing efficiencies and economies of scale. Battery standards and regulations play a crucial role in ensuring safety and interoperability. Battery research and development are focused on improving battery efficiency, sustainability, and safety, with a particular emphasis on battery thermal management and discharge rate. Battery testing and quality assurance are essential to ensure consistent performance and longevity. Battery applications span from consumer electronics and power tools to renewable energy and electric vehicles. Grid storage is an emerging application, with battery and energy storage systems providing crucial support to the power grid and enabling the integration of renewable energy sources.

Battery capacity and weight are key considerations for these applications, with ongoing efforts to increase capacity while reducing weight and improving safety. Battery innovation continues to unfold, with new technologies and applications emerging regularly. Battery recycling and sustainability are becoming increasingly important, with efforts to reduce the environmental impact of battery production and disposal. Overall, the market is a dynamic and evolving landscape, with ongoing research and innovation shaping its future.

How is this Battery Industry segmented?

The battery industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Portable batteries
  Automotive batteries
  Industrial batteries
  Portable batteries
  Automotive batteries
  Industrial batteries
  Energy Storage Systems (ESS)
  Aerospace and Defense
  Wearables


Type

  Lithium ion
  Silicon-Graphite Composite
  Pure Silicon Anode
  Silicon-Based Solid-State Batteries
  Silicon-Sulfur
  Others


Technology

  Primary Batteries
  Secondary (Rechargeable) Batteries


End-User

  Automotive
  Electronics
  Utilities
  Industrial
  Healthcare


Geography

  North America

    US
    Canada


  Europe

    Germany
    UK


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Application Insights

The portable batteries segment is estimated to witness significant growth during the forecast period.

The market encompasses various applications, including off-grid power, medical devices, consumer electronics, power tools, and grid storage. Among these, the automotive segment, which includes batteries used in hybrid electric vehicles (EVs) and e-bikes, is poised for significant growth. EVs are increasingly adoptin

Comprehensive dataset of 478 Battery manufacturers in United States as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.