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U.S. Storage Battery Market. Analysis And Forecast to 2025
Update: COVID-19 Impact

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U.S.: Storage Battery Market Overview 2020

Storage Battery Market Size in the U.S.

The U.S. storage battery market rose modestly to $X in 2019, growing by X% against the previous year. In general, the total consumption indicated prominent growth from 2013 to 2019: its value increased at an average annual rate of +X% over the last six years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Storage battery consumption peaked in 2019 and is likely to see steady growth in years to come.

Storage Battery Production in the U.S.

In value terms, storage battery production expanded significantly to $X in 2019. The total output value increased at an average annual rate of +X% from 2013 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Storage battery production peaked in 2019 and is likely to continue growth in the near future.

Storage Battery Exports

Exports from the U.S.

For the third consecutive year, the U.S. recorded growth in overseas shipments of storage batteries, which increased by X% to X units in 2019. The total export volume increased at an average annual rate of +X% from 2013 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Exports peaked in 2019 and are likely to see steady growth in years to come.

In value terms, storage battery exports stood at $X in 2019. The total export value increased at an average annual rate of +X% from 2013 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, exports reached the maximum in 2019 and are likely to see gradual growth in years to come.

Exports by Country

Mexico (X units) was the main destination for storage battery exports from the U.S., accounting for a X% share of total exports. Moreover, storage battery exports to Mexico exceeded the volume sent to the second major destination, Canada (X units), twofold. The UK (X units) ranked third in terms of total exports with a X% share.

From 2013 to 2019, the average annual rate of growth in terms of volume to Mexico totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-X% per year) and the UK (+X% per year).

In value terms, the largest markets for storage battery exported from the U.S. were Canada ($X), Mexico ($X) and the UK ($X), together comprising X% of total exports. These countries were followed by the Netherlands, Australia, South Korea, Japan, China, the Dominican Republic, Kuwait, Colombia and the Philippines, which together accounted for a further X (+X% per year) saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average storage battery export price amounted to $X per unit, therefore, remained relatively stable against the previous year. Over the last six years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% y-o-y. Over the period under review, average export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2019, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Australia ($X per unit), while the average price for exports to the Philippines ($X per unit) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to South Korea, while the prices for the other major destinations experienced more modest paces of growth.

Storage Battery Imports

Imports into the U.S.

In 2019, supplies from abroad of storage batteries increased by X% to X units, rising for the third year in a row after two years of decline. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2019, imports stood at a somewhat lower figure.

In value terms, storage battery imports expanded slightly to $X in 2019. Overall, imports, however, saw a strong increase. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked in 2019 and are likely to see steady growth in years to come.

Imports by Country

In 2019, China (X units) constituted the largest storage battery supplier to the U.S., accounting for a X% share of total imports. Moreover, storage battery imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. The third position in this ranking was occupied by South Korea (X units), with a X% share.

From 2013 to 2019, the average annual rate of growth in terms of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-X% per year) and South Korea (+X% per year).

In value terms, the largest storage battery suppliers to the U.S. were China ($X), Japan ($X) and South Korea ($X), with a combined X% share of total imports. Mexico, Viet Nam, Germany and Taiwan, Chinese lagged somewhat behind, together comprising a further X Nam recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average storage battery import price amounted to $X per unit, waning by -X% against the previous year. Over the period under review, the import price, however, showed a buoyant increase. The pace of growth was the most pronounced in 2015 an increase of X% year-to-year. Over the period under review, average import prices hit record highs at $X per unit in 2018, and then declined slightly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Mexico ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Japan, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of storage batteries to the U.S.?
+
In value terms, the largest storage battery suppliers to the U.S. were China ($2.3B), Japan ($1.7B) and South Korea ($1.2B), with a combined 66% share of total imports. These countries were followed by Mexico, Viet Nam, Germany and Taiwan, Chinese, which together accounted for a further 25%.
What are the leading importers of storage batteries from the U.S.?
+
In value terms, the largest markets for storage battery exported from the U.S. were Canada ($935M), Mexico ($685M) and the UK ($316M), together comprising 51% of total exports. These countries were followed by the Netherlands, Australia, South Korea, Japan, China, the Dominican Republic, Kuwait, Colombia and the Philippines, which together accounted for a further 27%.
What is the average export price for storage batteries in the U.S.?
+
In 2019, the average storage battery export price amounted to $45 per unit, remaining relatively unchanged against the previous year.
What is the average import price for storage batteries in the U.S.?
+
The average storage battery import price stood at $17 per unit in 2019, dropping by -3.4% against the previous year.

Product coverage:
• NAICS 335911 - Storage battery manufacturing

This report provides an in-depth analysis of the storage battery market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Companies mentioned:
• Exide Technologies
• Enersys
• Ultralife Corporation
• B456 Systems
• Polypore International
• Eaglepicher Technologies
• Crown Battery Manufacturing Company
• Trojan Battery Company
• Energizer Battery Manufacturing
• Robert Bosch Battery Systems
• Tfi
• Bren-Tronics
• Valence Technology
• Enerdel
• Saft America
• Hrg Group
• Enersys Energy Products
• Superior Battery Manufacturing Company
• Ener1
• Mathews Associates
• Xalt Energy
• Panasonic Energy Corporation of America, Greatbatch
• Arotech Corporation
• Duracell International
• Enersys Delaware
• A & A Manufacturing Company
• Duracell
• Energizer Battery
• Ascent Batteries International

Country coverage:
• USA

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2013–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2013–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2013–2019
Table 3:
Market Value, 2013–2019
Table 4:
Per Capita Consumption In 2013–2019
Table 5:
Imports, In Physical Terms, By Country, 2013–2019
Table 6:
Imports, In Value Terms, By Country, 2013–2019
Table 7:
Import Prices, By Country Of Origin, 2013–2019
Table 8:
Exports, In Physical Terms, By Country, 2013–2019
Table 9:
Exports, In Value Terms, By Country, 2013–2019
Table 10:
Export Prices, By Country Of Destination, 2013–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2013–2019
Figure 2:
Market Value, 2013–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2013–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2013–2019
Figure 5:
Trade Balance, In Physical Terms, 2013–2019
Figure 6:
Trade Balance, In Value Terms, 2013–2019
Figure 7:
Per Capita Consumption, 2013–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2013–2019
Figure 21:
Production, In Value Terms, 2013–2019
Figure 22:
Imports, In Physical Terms, 2013–2019
Figure 23:
Imports, In Value Terms, 2013–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2013–2019
Figure 26:
Imports, In Value Terms, By Country, 2013–2019
Figure 27:
Import Prices, By Country Of Origin, 2013–2019
Figure 28:
Exports, In Physical Terms, 2013–2019
Figure 29:
Exports, In Value Terms, 2013–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2013–2019
Figure 32:
Exports, In Value Terms, By Country, 2013–2019
Figure 33:
Export Prices, By Country Of Destination, 2013–2019

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