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U.S. - Electric Accumulators - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2025

U.S. - Electric Accumulators - Market Analysis, Forecast, Size, Trends and Insights

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Nov 27, 2024

In 2023, Accumulator Imports in the United States Surge 26% to Reach $22.2 Billion

U.S. Accumulator Imports

In 2023, overseas purchases of electric accumulators decreased by -16.4% to 449M units, falling for the second year in a row after five years of growth. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 51% against the previous year. As a result, imports reached the peak of 618M units. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, accumulator imports soared to $22.2B (IndexBox estimates) in 2023. In general, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2022 when imports increased by 54% against the previous year. Imports peaked in 2023 and are expected to retain growth in the immediate term.U.S. Accumulator Imports By Country (Million USD)

COUNTRYImport Value of Accumulator in U.S. (million USD)
20132014201520162017201820192020202120222023
China1,2961,4761,5011,5951,6822,1832,2502,3794,6309,41913,386
South Korea3923633334809111,1761,1061,2741,8181,8412,051
Japan1,1209538267907957246769781,2811,3341,471
Mexico6657206657269301,0031,0211,0491,2331,3231,209
Hungary0.50.10.10.30.40.345.9206275387812
Poland6.77.17.96.710.914.540.196.1149488742
Vietnam85.210611099.6122191322354493723608
Germany71.994.591.4115292167255383395570564
Taiwan (Chinese)176153159168157194208200201235216
Others3533513744655975886667679651,3381,138
Total4,1674,2254,0674,4465,4996,2406,5917,68611,43817,65822,196

Imports by Country

In 2023, China (211M units) constituted the largest supplier of accumulator to the United States, with a 47% share of total imports. Moreover, accumulator imports from China exceeded the figures recorded by the second-largest supplier, South Korea (73M units), threefold. Japan (64M units) ranked third in terms of total imports with a 14% share.

From 2013 to 2023, the average annual rate of growth in terms of volume from China totaled +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+16.5% per year) and Japan (-11.7% per year).

In value terms, China ($13.4B) constituted the largest supplier of electric accumulators to the United States, comprising 60% of total imports. The second position in the ranking was held by South Korea ($2.1B), with a 9.2% share of total imports. It was followed by Japan, with a 6.6% share.

From 2013 to 2023, the average annual growth rate of value from China stood at +26.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+18.0% per year) and Japan (+2.8% per year).

Imports by Type

In 2023, nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators (375M units) constituted the largest type of electric accumulators supplied to the United States, with a 84% share of total imports. Moreover, nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators exceeded the figures recorded for the second-largest type, lead-acid accumulators for starting piston engines (46M units), eightfold.

From 2013 to 2023, the average annual rate of growth in terms of the volume of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators imports was relatively modest. With regard to the other supplied products, the following average annual rates of growth were recorded: lead-acid accumulators for starting piston engines (+8.6% per year) and lead-acid accumulators (excluding starter batteries) (-2.9% per year).

In value terms, nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators ($19.1B) constituted the largest type of electric accumulators supplied to the United States, comprising 86% of total imports. The second position in the ranking was held by lead-acid accumulators for starting piston engines ($2B), with an 8.9% share of total imports.

Import Prices by Country

In 2023, the accumulator price stood at $49 per unit (CIF, US), rising by 50% against the previous year. In general, the import price posted a buoyant increase. The pace of growth appeared the most rapid in 2022 when the average import price increased by 78% against the previous year. Over the period under review, average import prices reached the peak figure in 2023 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($63 per unit), while the price for Malaysia ($15 per unit) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by China (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the accumulator market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 27202100 - Lead-acid accumulators for starting piston engines
  • Prodcom 27202210 -
  • Prodcom 27202250 -
  • Prodcom 27202300 - Nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer, nickel-iron and other electric accumulators

Country coverage:

  • United States

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the U.S.
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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