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Battery Manufacturing in the US Industry Data and Analysis
Over the past five years, the US battery manufacturing industry has experienced dramatic expansion driven by federal incentives, rapid electric vehicle adoption and growing energy storage demand. Generous tax credits under the Inflation Reduction Act ignited a construction boom as manufacturers raced to build out domestic capacity and localize supply chains. That surge lifted industry revenue and attracted massive capital investment from automakers and energy companies, as factories scaled up production of lithium-ion and lithium-iron phosphate cells. However, policy volatility has loomed large. The sudden reversal of EV tax credits in 2025 under the One Big Beautiful Bill Act brought the industry’s breathless expansion to a halt, forcing companies to pivot from automotive applications to stationary energy storage to keep output flowing. Revenue has been expanding at a CAGR of 37.9% over the past five years and is expected to reach $51.6 billion in 2025, when revenue will rise by an estimated 5.0%.
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What's included in this industry analysis
IBISWorld's research coverage on the Battery Manufacturing industry in the United States includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released December 2025.
About this industry
What's this industry report about?
The Battery Manufacturing industry in the United States operates under the NAICS industry code 33591. Battery manufacturers produce storage and primary batteries. Storage batteries are also known as secondary or rechargeable batteries; primary batteries are nonrechargeable. Battery products have a variety of uses in the automotive and transport sectors and in cell phones, medical equipment and households. Related terms covered in the Battery Manufacturing industry in the United States include primary battery, primary cell, dry cell, storage battery, battery, rechargeable, nonferrous metals and original equipment manufacturers (oem).
What's included in this industry?
Products and services covered in Battery Manufacturing industry in the United States include Primary batteries, Secondary batteries and Other.
What companies are included in this industry?
Companies covered in the Battery Manufacturing industry in the United States include LG Energy Solution Ltd., Tesla, Inc. and Enersys.
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 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 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 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 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 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 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 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 Battery Manufacturing industry in the United States.
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Frequently Asked Questions
What is the market size of the Battery Manufacturing industry in the United States in 2026?
The market size of the Battery Manufacturing industry in the United States is $51.6bn in 2026.
How many businesses are there in the Battery Manufacturing industry in the United States in 2025?
There are 307 businesses in the Battery Manufacturing industry in the United States, which has grown at a CAGR of 9.6 % between 2020 and 2025.
How may import tariffs affect the Battery Manufacturing industry in the United States?
The 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 Battery Manufacturing industry in the United States?
The Battery Manufacturing industry in the United States is likely to be impacted by export tariffs with exports accounting for a moderate share of industry revenue.
Has the Battery Manufacturing industry in the United States grown or declined over the past 5 years?
The market size of the Battery Manufacturing industry in the United States has been growing at a CAGR of 37.9 % between 2020 and 2025.
What is the forecast growth of the Battery Manufacturing industry in the United States over the next 5 years?
Over the next five years, the Battery Manufacturing industry in the United States is expected to grow.
What are the biggest companies in the Battery Manufacturing industry in the United States?
The biggest companies operating in the Battery Manufacturing industry in the United States are LG Energy Solution Ltd., Tesla, Inc. and Enersys
What does the Battery Manufacturing industry in the United States include?
Primary battery manufacturing and Lead battery manufacturing are part of the Battery Manufacturing industry in the United States.
Which companies have the highest market share in the Battery Manufacturing industry in the United States?
The company holding the most market share in the Battery Manufacturing industry in the United States is LG Energy Solution Ltd..
How competitive is the Battery Manufacturing industry in the United States?
The level of competition is moderate and steady in the Battery Manufacturing industry in the United States.
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