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Lithium Battery Manufacturing in the US Industry Data and Analysis
The rapid rise of electric vehicles (EVs) has bolstered demand for lithium batteries as consumer preferences steadily shift from gasoline-powered vehicles. Battery producers have benefited greatly from the Bipartisan Infrastructure Law as the act allocates significant funds toward clean energy infrastructure and EV charging stations across the country, which rely heavily on lithium batteries. The growing prevalence of EVs supported manufacturers, contributing to a recovery from the COVID-19 pandemic, but it took until 2024 to reach 2019 revenue levels. Producers have contended with volatile lithium prices, though they've been able to pass those costs on to downstream manufacturers and protect profit. These trends have caused revenue to expand at a CAGR of 3.5% to $2.1 billion through the end of 2025, including a 0.6% gain that year alone, as manufacturers power through high interest rates and weak consumer confidence. This CAGR is inflated somewhat, as revenue crashed in 2020 due to the COVID-19 pandemic, creating an artificially low starting point.
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What's included in this industry analysis
IBISWorld's research coverage on the Lithium Battery Manufacturing industry in the United States includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released September 2025.
About this industry
What's this industry report about?
The Lithium Battery Manufacturing industry in the United States operates under the NAICS industry code OD4499. This industry manufactures primary and secondary batteries that use primarily lithium, but also alkaline manganese, zinc carbon, mercuric oxide as an anode. Lithium batteries are most commonly used in vehicles and electronic devices such as cell phones, cameras, laptops, pacemakers and toys. Related terms covered in the Lithium Battery Manufacturing industry in the United States include memory effect, lithium-ion battery, primary lithium battery, anode, original equipment manufacturers (oem) and giga.
What's included in this industry?
Products and services covered in Lithium Battery Manufacturing industry in the United States include Automotive batteries, Mobile phone batteries and Industrial batteries.
What companies are included in this industry?
Companies covered in the Lithium Battery Manufacturing industry in the United States include Panasonic Corp.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Lithium Battery Manufacturing industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Lithium Battery Manufacturing industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Lithium Battery Manufacturing industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Lithium Battery Manufacturing industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Lithium Battery Manufacturing industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Lithium Battery Manufacturing industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Lithium Battery Manufacturing industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Lithium Battery Manufacturing industry in the United States.
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Frequently Asked Questions
What is the market size of the Lithium Battery Manufacturing industry in the United States in 2026?
The market size of the Lithium Battery Manufacturing industry in the United States is $2.1bn in 2026.
How many businesses are there in the Lithium Battery Manufacturing industry in the United States in 2025?
There are 35 businesses in the Lithium Battery Manufacturing industry in the United States, which has grown at a CAGR of 1.2 % between 2020 and 2025.
How may import tariffs affect the Lithium Battery Manufacturing industry in the United States?
The Lithium Battery Manufacturing industry in the United States is likely to be significantly impacted by import tariffs with imports accounting for a high share of industry revenue.
How may export tariffs affect the Lithium Battery Manufacturing industry in the United States?
The Lithium Battery Manufacturing industry in the United States is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Lithium Battery Manufacturing industry in the United States grown or declined over the past 5 years?
The market size of the Lithium Battery Manufacturing industry in the United States has been growing at a CAGR of 3.5 % between 2020 and 2025.
What is the forecast growth of the Lithium Battery Manufacturing industry in the United States over the next 5 years?
Over the next five years, the Lithium Battery Manufacturing industry in the United States is expected to grow.
What are the biggest companies in the Lithium Battery Manufacturing industry in the United States?
The biggest company operating in the Lithium Battery Manufacturing industry in the United States is Panasonic Corp
What does the Lithium Battery Manufacturing industry in the United States include?
Automotive batteries and Storage batteries for consumer electronics are part of the Lithium Battery Manufacturing industry in the United States.
Which companies have the highest market share in the Lithium Battery Manufacturing industry in the United States?
The company holding the most market share in the Lithium Battery Manufacturing industry in the United States is Panasonic Corp.
How competitive is the Lithium Battery Manufacturing industry in the United States?
The level of competition is high and increasing in the Lithium Battery Manufacturing industry in the United States.
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