Top USA Battery Manufacturers & Suppliers Based On Revenue
The top battery manufacturers and suppliers in the U.S. possess the capabilities of supplying Li-Ion batteries, manufacturing footprint, battery recycling, and global operations. These are widely utilized in the industries of automotive, consumer electronics, grid energy, industrial, and healthcare.
This is a sample ofthe United States’ top battery supplier and manufacturer available on the Beroe LiVE.Ai platform based on their revenue.
|
Company |
State |
Year founded |
Revenue |
|
Tesla |
Texas |
2003 |
>$10B |
NAICS Code: 335911: Storage Battery Manufacturing
UNSPSC Code: 26111700: Batteries and cells and accessories
Tesla
Tesla is a leading battery supplier in the U.S. headquartered in Texas. They design, develop, manufacture, lease, and sell electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The Energy Generation and Storage segment of Tesla offers energy storage products, such as rechargeable lithium-ion battery systems for use in homes, industrial, commercial facilities, and utility grids, and designs, manufactures, installs, maintains, leases, and sells solar energy generation and energy storage pro. They have a workforce of about 127,855 employees and serve across East Asia.
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Also read
Battery Market Overview
A rechargeable battery or a secondary cell is an energy storage battery that can be recharged multiple times. Though nickel-metal hydride (NiMH) and nickel-cadmium (NiCd) batteries were prevalent, the most common rechargeable batteries on the market today are lithium-ion (LiOn). The increasing adoption of Li-Ion batteries is due to their high energy and power density thus ensuring smooth running of devices for long hours. These batteries are widely used in EVs, energy storage, and consumer electronics applications.
According to Beroe’s analysis, the global market size of batteries is $61.91 billion and is expected to grow at a CAGR of 14 to 16 percent to $94.15 billion by 2025. The increasing adoption of Li-Ion batteries from its end-use markets is due to their technical advantages over their counterparts which is the primary trend expanding the market growth rate.
The U.S. holds a market size of $112.28 Billion which is expected to grow at a CAGR of 7 to 8 percent. The US government aims to accelerate EV adoption and utility-scale energy storage by means of providing more incentives and public financing to battery makers. Additionally, the government seeks to enhance funds for battery research and development activities especially for new chemistries to reduce reliance on critical minerals dominated by China.
APAC is the major hub for Lithium batteries and their components manufacturing. Hence, developed regions such as the U.S., Germany, etc., are highly dependent on Asian markets for sourcing cathodes and electrodes. Hence, any economic distress or crisis such as the energy shortage in China, Zero COVID Policy in China, etc. in these markets is likely to hinder market growth. However, increasing initiatives taken by governments across regions to promote adoption and awareness of EVs, enforcing regulations, etc., are expected to drive the growth of Li-Ion batteries.
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FAQs
Who are the top battery suppliers in the USA?
The top electronics supplier in the U.S. based on revenue is Tesla.
What are the key capabilities of battery suppliers in the USA?
The top battery manufacturers and suppliers in the U.S. possess the capabilities of supplying Li-Ion batteries, manufacturing footprint, battery recycling, and global operations.
What are the latest opportunities for battery suppliers in the USA?
Rising demand from the EV sector, backed by government initiatives globally is expected to create tremendous growth opportunities for the battery business.
What are the major concerns faced by USA battery suppliers that could impact their business?
The U.S. battery suppliers are likely to face threats from currency fluctuation, growing tensions between the U.S. and China in particular impact of the Inflation.
