Projected market value of industrial batteries in North America 2021-2031, by country

Published by Statista Research Department, Jul 18, 2024

The United States accounted for the largest market for industrial batteries in North America in 2023. This trend is expected to continue throughout the next 10 years, although Mexico will account for the largest compound annual growth rate in the region between 2024 and 2031. As of 2023, the U.S.' market of industrial batteries was second only to China.

More information on the global industrial battery market can be found here.

Market value of batteries for industrial applications in North America from 2021 to 2023, with a forecast until 2031, by leading country (in million U.S. dollars)

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Release date

February 2024

Region

North America

Survey time period

2021 to 2023

Supplementary notes

*Figures underlie the following CAGR assumption for 2024 to 2031:

United States - 4.56 percent
Canada - 6.4 percent
Mexico - 6.57 percent

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