Rapid Growth Forecast in U.S. Battery Market: From USD 17.9 Billion in 2024 to USD 49.0 Billion by 2032
                     POWERING THE FUTURE: U.S. BATTERY 
MARKET OUTLOOK 2024–2032
• MARKET SIZE, TRENDS & THE ELECTRIFICATION WAVE
MARKET OVERVIEW
• 2024 MARKET VALUE: $17.9 BILLION
• 2032 FORECAST: $49.0 BILLION
• CAGR: 13.6%
KEY GROWTH DRIVERS
• - RISE IN ELECTRIC VEHICLE (EV) ADOPTION
• - GROWTH IN RENEWABLES + GRID STORAGE
• - SURGE IN CONSUMER ELECTRONICS & UPS
GOVERNMENT SUPPORT
• - INFLATION REDUCTION ACT: EV CREDITS & BATTERY 
INCENTIVES
• - INFRASTRUCTURE LAW: BILLIONS FOR BATTERY 
MANUFACTURING
SOLID-STATE BATTERIES
• - SAFER, LONGER-LASTING, HIGHER ENERGY DENSITY
• - PLAYERS: QUANTUMSCAPE, TOYOTA, SOLID POWER
EV MARKET SURGE
• - EV SALES ↑ 40% IN 2023
• - 20% OF 2024 CAR SALES ARE ELECTRIC
• - TARGET: 100% ZEV BY 2035
GRID ENERGY STORAGE
• - STORING SOLAR/WIND ENERGY
• - DOMINATED BY LI-ION, WITH ZINC AND SODIUM–
SULFUR RISING
• - BRANDS: TESLA, FLUENCE, NEXTERA
BATTERY TYPE BREAKDOWN
• - LI-ION: 55% SHARE
• - PRIMARY BATTERIES: 70% SHARE
• - AUTOMOTIVE: 45% OF DEMAND
REGIONAL INSIGHTS
• - WEST LEADS: EV + SOLAR HUB (45% SHARE)
• - SOUTH FASTEST-GROWING: NEW PLANTS & EV DEMAND
INDUSTRY FRAGMENTATION
• - MIX OF LI-ION, SOLID-STATE, SODIUM-ION
• - INNOVATORS: CLARIOS, ALTRIS, ENERSYS
RECENT DEVELOPMENTS
• - ENERSYS ACQUIRED BREN-TRONICS (2024)
• - DOE FUNDING SOLID-STATE SCALE-UP
CLOSING
• FROM VEHICLES TO POWER GRIDS, THE U.S. BATTERY 
MARKET IS THE ENERGY BACKBONE OF TOMORROW.