North America Battery Market Outlook, 2026
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North America Battery Market Outlook, 2026
Description
The report title 'North America Battery Market Outlook, 2026' published by Bonafide Research gives
a complete insight on the battery classified on basis of type (primary & secondary), technology (lead-
acid, lithium-ion, nickel-cadmium & nickel-metal hydride), and application (automotive, industrial &
portable), for the countries of USA, Mexico, and Canada. North America remains a pioneer in the
research and innovation in the global battery market and one of the largest consumers of batteries.
The region contributes a share of over 15% to the total market in the year 2020, following the Asia
Pacific and Europe. The market is anticipated to grow with a CAGR of less than 8% lowest compared
to the other regions.
Even though the lead-acid battery segment dominates the market with over half of the share for a
decade, it has been encountering a steady decline in market share. The lithium-ion battery segment
is expected to grow as the only segment in the regional market to portray a double digit CAGR
through the forecasted period. This is to be supported by the increasing demand backed by the
accentuating investments towards the electric vehicle and renewable industry. All the other battery
technology segments put together are expected to contribute to a market of USD 4.79 Billion by the
end of the forecasted period. The consumer market put aside, the largest users of primary batteries
are the military, specialty emergency services, and forest fire fighters. High energy density, long
storage, and operational readiness are among their strong attributes. Yet, the segment has been
showing a decline in the market share and is likely to reach a share of 11.11% by the end of 2026.
The United States is already among the countries leading in global EV sales, along with other
economies like Canada, which has alread