The United States rechargeable battery market is currently witnessing strong growth. Rechargeable batteries, also known as accumulators and secondary cells, are electrochemical devices that comprise electrolytes, anodes and cathodes to convert chemical energy into electrical energy. These batteries are cost-efficient, durable and considered an ecological and sustainable replacement of non-rechargeable batteries. They are available in diversified shapes and sizes, ranging from button-sized cells to industrial megawatt systems. Consequently, they find extensive applications in mobile phones, laptops, cordless power tools and MP3 players in the United States.
With the increasing environmental concerns and inflating petroleum and diesel prices, the demand for electric vehicles (EVs) is escalating. This represents one of the key factors contributing to the rechargeable battery market growth in the United States. Apart from this, the rising emphasis on renewable energy sources for generating electricity is resulting in the increasing adoption of grid energy storage. This is positively influencing the demand for lithium-ion batteries as they are compact and lightweight, and offer low self-discharge rates and high efficiency. Furthermore, the key players are focusing on developing flow batteries that can double the power output without taking additional space. These technological advancements are anticipated to drive the market in the coming years. Looking forward, IMARC Group expects the market to exhibit moderate growth during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the United States rechargeable battery market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, battery type, capacity and application.
Market Breakup by Battery Type:
Market Breakup by Capacity:
Market Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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