U.S.: Storage Battery Market 2025

Storage Battery Market Size in the U.S.

For the seventh consecutive year, the U.S. storage battery market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption showed a strong increase. Storage battery consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Storage Battery Production in the U.S.

In value terms, storage battery production fell slightly to $X in 2022. The total output value increased at an average annual rate of X% over the period from 2013 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Storage Battery Exports

Exports from the U.S.

For the third year in a row, the United States recorded growth in overseas shipments of storage batteries, which increased by X% to X units in 2022. Overall, exports enjoyed a resilient increase. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, storage battery exports soared to $X in 2022. The total export value increased at an average annual rate of X% from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico (X units), Canada (X units) and Poland (X units) were the main destinations of storage battery exports from the United States, together accounting for X% of total exports.

From 2013 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for storage batteries exports from the United States, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2013 to 2022, the average annual growth rate of value to Canada totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the average storage battery export price amounted to $X per unit, growing by X% against the previous year. In general, the export price, however, recorded a noticeable downturn. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Storage Battery Imports

Imports into the U.S.

In 2022, purchases abroad of storage batteries increased by X% to X units, rising for the sixth consecutive year after two years of decline. Over the period under review, imports saw strong growth. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, storage battery imports skyrocketed to $X in 2022. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

China (X units), South Korea (X units) and Japan (X units) were the main suppliers of storage battery imports to the United States, with a combined X% share of total imports. Malaysia, Mexico, Vietnam and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

From 2013 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of storage batteries to the United States, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2013 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the average storage battery import price amounted to $X per unit, jumping by X% against the previous year. In general, the import price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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