May 20, 2023 Pageview:412
Due to the rising demand for electric vehicles, Expert Market Research's analysis projects that the global lithium-ion battery market will expand at a CAGR of 10.7% between 2023 and 2027.
A lithium-ion (Li-ion) battery is an advanced type that uses lithium ions as an essential component of its electrochemistry. Lithium-ion batteries are used in many commonplace electronic items, including headphones, laptops, and cell phones.
Lithium-ion batteries have become increasingly necessary as the market for electric vehicles—including electric cars and motorcycles—has surged. Additionally, consumer electronics items like mobile phones and laptops that use lithium-ion cells have significantly increased the demand for lithium-ion batteries.
Furthermore, lithium-ion batteries are usually acknowledged as the industry standard for any product requiring a portable rechargeable battery due to their capacity to be recharged. These elements will hasten the growth of the worldwide lithium-ion battery market over the forecast period. The consumer electronics industry for lithium-ion batteries is expected to grow dramatically over the next several years due to the desire for affordable, secure batteries with a higher energy density. Asia Pacific is predicted to dominate the lithium-ion battery industry in terms of regional penetration. China and Japan are considered to have some of the largest markets for electric automobiles.
The demand for consumer electronics like smartphones and other devices that require lithium-ion batteries is also anticipated to rise in the region. In addition, the market for lithium-ion batteries is expected to grow quickly in North America and China due to the increasing focus that regional governments are focusing on greenhouse gas emissions.
Look down below to check the top US Lithium-ion battery producers right now.
EnerSys:
Many customers can get large-scale stored power/energy solutions from EnerSys. It is a well-known international brand and one of the top US producers of lithium-ion batteries that provides a range of energy storage services. As a result, any business worldwide can benefit from the company's industrial energy solutions. Motive power, specialization, and energy systems make up Enersys' three main business segments.
The company's main objective is to offer uninterruptible power solution systems and applications for various computers, computer-controlled systems, and telecommunication systems.
They also offer switch gears, electrical utilities, and electrical control systems in various industrial buildings. In addition, energy pipelines, integrated power solutions, and large-scale energy storage are options. According to the business, one of the best lithium-ion battery producers in the US, lightweight power packs may be produced without sacrificing efficiency with their higher energy density power solutions.
Romeo Power:
One of the top US lithium-ion battery producers, Romeo Power Inc., focuses on energy storage solutions by designing and producing battery modules, electrification packs for consumer vehicles, and one-off engineering services, design prototyping, and testing.
It is not only one of the top US producers of lithium-ion batteries, but it is also a pioneer in the push for adopting environmentally benign substitutes for the fossil fuels currently wreaking havoc on the planet. In addition, Romeo is strategically developing itself as a market leader among the US lithium-ion battery producers by concentrating on energy storage and use for electric vehicles.
Energy-dense battery packs and module technology are constantly being developed to provide a large-scale, long-term, sustainable power solution for the transportation industry. The objective is to reach a stage where battery use times are longer than ever and battery charge times are shorter. One of the top US lithium-ion battery producers, Romeo Power Inc., focuses on energy storage solutions by designing and producing battery modules, electrification packs for consumer vehicles, and one-off engineering services, design prototyping, and testing.
Clarios:
One of the most cutting-edge lithium-ion battery producers in the US is Clarios. It develops and produces numerous energy storage systems. Additionally, Clarios is engaged in distributing a variety of quickly developing battery technologies.
It was established after Brookfield Business Partners (BBU) purchased Johnson Controls Power Solutions. Clarios is a stand-alone company with a wholly-owned subsidiary and an estimated $8 billion market value. As a market leader and one of the USA's top lithium-ion battery producers, Clarios focuses on durability and safety for their customers' everyday convenience and designing and producing ground-breaking low-voltage battery technology.
There is also a focus on industrial products and uses, such as those used to power cars, motorcycles, and utility vehicles. For example, one of the biggest producers of lithium-ion batteries in the USA is Clarios; in addition to outpacing rivals in market share, they also provide a wide variety of goods.
A123 Systems:
A123 Systems, LLC must be mentioned while discussing the USA's top lithium-ion battery producers.
A division of the global giant Wanxiang Group Holdings is an American company. In addition to creating and manufacturing its own lithium ion and lithium phosphate batteries, A123 Systems, a leader in lithium-ion batteries, is also involved in a wide range of energy storage systems and solutions. Therefore, the leading US manufacturers of lithium-ion batteries must include A123 Systems, LLC.
This American business is a part of the enormous worldwide corporation Wanxiang Group Holdings. A123 Systems, a market leader in lithium-ion batteries, also develops and manufactures lithium and phosphate batteries. In addition, it is involved in a broad range of energy storage systems and solutions.
Microvast:
One of the USA's top producers of lithium-ion batteries is Microcast, headquartered in Stafford, Texas. It belongs to the Scientific Research/Development Services sector of the economy.
Despite being one of the leading US producers of lithium-ion batteries, Microvast Power Solutions, Inc. barely employs 50 employees across its locations and generates annual revenue of $1.84 million (USD). The name "Microcast Power Solution" refers to two businesses.
The innovation in producing super-fast charging batteries is this company's key selling point as one of the USA's top lithium-ion battery producers. The batteries not only charge quickly, but they also have a greater level of user safety and live longer than average.
Since its inception in 2006, Microcast has dominated the lithium-ion market regarding energy. However, the business is still exploring ways to make lithium-ion batteries more effective and efficient while lowering costs.
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