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North America LFP Battery Pack Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The North America LFP Battery Pack Market is segmented by Body Type (Bus, LCV, M&HDT, Passenger Car), by Propulsion Type (BEV, PHEV), by Capacity (15 kWh to 40 kWh, 40 kWh to 80 kWh, Above 80 kWh, Less than 15 kWh), by Battery Form (Cylindrical, Pouch, Prismatic), by Method (Laser, Wire), by Component (Anode, Cathode, Electrolyte, Separator), by Material Type (Cobalt, Lithium, Manganese, Natural Graphite, Nickel) and by Country (Canada, US). Market Size is represented by the total volume of EV battery packs sold, measured in kilowatt-hours (kWh), along with the Market Value in USD. Key data points observed include the total energy capacity of battery packs sold, expressed in kilowatt-hours (kWh), segmented by battery chemistry, the capacity range of each battery pack, and the specific application or vehicle type associated with each battery chemistry segment.

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North America LFP Battery Pack Market Size

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North America LFP Battery Pack Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 0.56 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 2.06 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Propulsion Type BEV
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 29.50 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country US

Major Players
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*Disclaimer: Major Players sorted in alphabetical order.

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North America LFP Battery Pack Market Analysis

The North America LFP Battery Pack Market size is estimated at 0.56 billion USD in 2024, and is expected to reach 2.06 billion USD by 2029, growing at a CAGR of 29.50% during the forecast period (2024-2029).

0.56 Billion

Market Size in 2024 (USD)

2.06 Billion

Market Size in 2029 (USD)

0.98 %

CAGR (2017-2023)

29.50 %

CAGR (2024-2029)

Largest Segment by Body Type

51.49 %

value share, LCV, 2023

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The adoption of LFP batteries in electric LCV is driven by their high energy density, improved safety features, and longer lifespan.

Largest Segment by Propulsion Type

99.23 %

value share, BEV, 2023

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The increased demand for BEVs stems from their reputation as sustainable alternatives to conventional petrol vehicles and offer a long lifespan and a preferred choice.

Largest Segment by Battery Form

60.66 %

value share, Cylindrical, 2023

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Cylindrical batteries dominate the North America LFP Battery Pack Market offering compact design, efficient space utilization, enhanced performance & cost-effectiveness.

Leading Market Player

2.21 %

market share, LG Energy Solution Ltd., 2022

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LG Energy Solution Ltd.is a leading supplier of LFP batteries, investing in R&D and new LFP battery technologies and expanding its production capacity to meet the demand.

Largest Segment by Capacity

66.97 %

value share, 40 kWh to 80 kWh, 2023

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Battery capacity range of 40 kWh to 80 kWh strikes a balance between cost and driving range in the North America LFP battery pack market.

Government support and technological advancements drive LFP battery adoption in the BEV segments

  • In 2023, the adoption and sales of lithium iron phosphate (LFP) battery packs for electric vehicles (EVs) steadily increased in North America. LFP batteries are becoming increasingly popular due to their high energy density, long cycle life, and low cost compared to other battery chemistries. However, the typical range for an EV with an LFP battery pack is around 320-480 km per charge.
  • The adoption and penetration of LFP battery packs in North America are expected to continue to grow in the coming years, driven by factors such as government regulations and incentives, consumer demand for EVs, and advancements in battery technology. Moreover, the ongoing efforts of automakers to improve the performance and reduce the cost of LFP battery packs will also contribute to their increased adoption in the EV market.
  • For example, the Canadian province of Quebec announced a new plan to invest USD 3,679.23 million (CAD 5 billion) in the production and recycling of EV batteries, including LFP batteries. Several OEMs, including Tesla and General Motors, are investing in the development and production of EVs with LFP batteries in North America. Governments in the region have set targets for phasing out fossil fuel-powered vehicles and promoting the adoption of EVs, such as California's goal of having all new passenger cars and trucks sold in the state be zero-emission vehicles by 2035. Overall, the future of the North American LFP battery pack market for electric vehicles looks promising, with continued growth expected in the coming years due to increasing consumer demand, technological advancements, and government support.
North America LFP Battery Pack Market

Decreasing battery costs and evolving market conditions are leading to increased adoption of LFP batteries in the North American EV market

  • The market for LFP batteries in North America, specifically in the United States and Canada, is gradually evolving. Although LFP batteries were not as commonly used as other lithium-ion battery chemistries in the electric vehicle (EV) market, signs of increasing interest and adoption have emerged. LFP batteries have been adopted in niche EV applications where safety, long cycle life, and thermal stability are critical factors. These applications include electric buses, commercial fleet vehicles, and other specialized electric vehicles. The robustness of LFP batteries and their ability to deliver high power have made them attractive for these specific use cases.
  • Despite being less prevalent in the passenger EV market, LFP batteries have gained some attention and adoption in North America. LFP batteries have gained traction in specific market segments that prioritize durability and reliability over energy density. For instance, in the electric bus sector, where long cycle life and consistent performance are important, LFP batteries have been increasingly adopted due to their extended lifespan and robust characteristics.
  • While LFP batteries may have been less common in passenger EVs in the United States and Canada, their adoption could have increased over time. The evolving market conditions, advancements in battery technology, and changing consumer preferences can influence the choice of battery chemistries in the coming years. Moreover, the cost of LFP batteries has been decreasing, making them more competitive in the market. As a result, some EV manufacturers and battery suppliers have started incorporating LFP batteries into their product offerings to cater to specific customer needs and market segments.

North America LFP Battery Pack Market Trends

The major players in the North American electric vehicle market include Tesla, Toyota, Ford, Hyundai, and Honda

  • The North American electric vehicle market is majorly driven by the five major players, accounting for more than 70% of the market in 2023. These prominent players include Tesla, Toyota Group, Ford Group, Hyundai, and Honda. Tesla is the highest seller of electric vehicles in the various North American countries, accounting for around 33% of the market. The company focuses on strong innovation technologies and has strong strategic partnerships with various EV components (such as a battery) manufacturers. Being a US-based company, it has a strong customer base with great product and service offerings in major countries like the United States and Canada across North America.
  • Toyota Group is the second largest seller of electric vehicles, accounting for around 30.8% market share across North America. The company has a strong supply chain and distribution network. Toyota has a reliable brand image among its customers. It ranks third in EV sales across various countries in North America. Ford Group acquired it with around 9.9% of the market share. The company has a large customer base in North American countries due to its strong brand image and diverse offerings.
  • Hyundai is the fourth largest player, acquiring around 5.48% of the market share in EV sales across North America. The company has a strong production and supply chain network, with wide innovative and diverse products offered for various types of customers looking from reasonable to premium pricing. The fifth-largest player operating in the EV market is Honda, maintaining its market share at around 5.22%. Some of the other players selling EVS in North America include Jeep, Chevrolet, BMW, and Volvo.
North America LFP Battery Pack Market

The United States was the largest market with huge EV demand and captured more than 60% of the battery pack market across the region in 2023

  • In 2023, the demand for batteries surged as the number of electric vehicles steadily climbed across several North American countries. Many other brands and models are sold in the region, but the top five models in 2023, the Tesla Model Y, Tesla Model 3, Toyota Rav 4, Toyota Sienna, and Honda CRV, acquired a significant portion of the market. With 247,344 units sold in the United States in 2023, the Tesla Model Y maintained its top spot. The Model Y is very well-liked because of its long range, strong seating capacity, and huge luggage capacity.
  • The Tesla Model 3 took second place with 215,500 sales in the United States in 2023. The rear-wheel drive and performance versions of the vehicle are available. Due to its strong performance characteristics, Model 3 is drawing customers. The Toyota Rav4 took third position in electric car sales, with sales of 149,938 in the United States and throughout North America. The vehicle has plug-in hybrid technology and several ADAS features, including Toyota Safety Sense.
  • The Toyota Sienna has acquired fourth place in the electric vehicle models’ sales, with 69,720 in the United States. The car comes with the option of a 2.5 l engine with a hybrid powertrain. Consumers with big families looking for seven-seater cars have positively responded to the Toyota Sienna. The fifth place was acquired by the Honda CRV, selling 69,720 units in 2023 in the United States. Other top-selling models include Toyota Highlander, Jeep Wrangler, Toyota Camry, Honda Accord, and Ford Mustang Mach-E.
North America LFP Battery Pack Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Surging demand for electric vehicles in North America is driven by government support and growing environmental concerns
  • Declining prices of lithium-ion batteries drive the demand for electric vehicles in North America
  • Battery prices in North America may continue to decline through 2029, driven by advancements in technology, increasing production efficiency, and rising demand for electric vehicles and renewable energy
  • Rising demand for electric vehicles spurs new product launches and market entry in North America, driving battery pack demand
  • The dominance of NMC batteries, along with the growing adoption of NCA, LFP, and NCM chemistries in the EV battery market in North America
  • Rising electric vehicle sales drive increased demand for battery materials in North America
  • Increasing demand and advancements in battery technology drive the growth of electric vehicles in North America

North America LFP Battery Pack Industry Overview

The North America LFP Battery Pack Market is fragmented, with the top five companies occupying 3.57%. The major players in this market are A123 Systems LLC, Clarios International Inc., Contemporary Amperex Technology Co. Ltd. (CATL), LG Energy Solution Ltd. and Primearth EV Energy Co. Ltd. (sorted alphabetically).

North America LFP Battery Pack Market Leaders

  1. A123 Systems LLC

  2. Clarios International Inc.

  3. Contemporary Amperex Technology Co. Ltd. (CATL)

  4. LG Energy Solution Ltd.

  5. Primearth EV Energy Co. Ltd.

North America LFP Battery Pack Market Concentration

Other important companies include ACDELCO (Subsidiary Of General Motors), American Battery Solutions Inc., Electrovaya Inc., Envision AESC Japan Co. Ltd., Nikola Corporation, QuantumScape Corp..

*Disclaimer: Major Players sorted in alphabetical order.

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Our comprehensive data set offers over 120 free charts, providing detailed regional and country-level insights into the EV battery pack industry. This includes analyses of distribution and production centers, variations in average selling prices (ASPs) across different regions, and a deep dive into industry trends like demand shifts and technological innovations. We also offer a thorough market segmentation, examining different battery chemistries, capacities, and form factors, alongside an in-depth understanding of market trends such as the adoption of advanced technologies and the impact of environmental regulations. Additionally, we provide an overview of major industry players, a look at the regulatory landscape, and market size analysis in terms of revenue and volume, all culminating in projections and forecasts that consider emerging trends and potential industry shifts.

North America LFP Battery Pack Market
North America LFP Battery Pack Market
North America LFP Battery Pack Market
North America LFP Battery Pack Market

North America LFP Battery Pack Market Report - Table of Contents

  1. 1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. 2. REPORT OFFERS

  3. 3. INTRODUCTION

    1. 3.1 Study Assumptions & Market Definition

    2. 3.2 Scope of the Study​

    3. 3.3 Research Methodology

  4. 4. KEY INDUSTRY TRENDS

    1. 4.1 Electric Vehicle Sales

    2. 4.2 Electric Vehicle Sales By OEMs

    3. 4.3 Best-selling EV Models

    4. 4.4 OEMs With Preferable Battery Chemistry

    5. 4.5 Battery Pack Price

    6. 4.6 Battery Material Cost

    7. 4.7 Price Chart Of Different Battery Chemistry

    8. 4.8 Who Supply Whom

    9. 4.9 EV Battery Capacity And Efficiency

    10. 4.10 Number Of EV Models Launched

    11. 4.11 Regulatory Framework

      1. 4.11.1 North America

    12. 4.12 Value Chain & Distribution Channel Analysis

  5. 5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 5.1 Body Type

      1. 5.1.1 Bus

      2. 5.1.2 LCV

      3. 5.1.3 M&HDT

      4. 5.1.4 Passenger Car

    2. 5.2 Propulsion Type

      1. 5.2.1 BEV

      2. 5.2.2 PHEV

    3. 5.3 Capacity

      1. 5.3.1 15 kWh to 40 kWh

      2. 5.3.2 40 kWh to 80 kWh

      3. 5.3.3 Above 80 kWh

      4. 5.3.4 Less than 15 kWh

    4. 5.4 Battery Form

      1. 5.4.1 Cylindrical

      2. 5.4.2 Pouch

      3. 5.4.3 Prismatic

    5. 5.5 Method

      1. 5.5.1 Laser

      2. 5.5.2 Wire

    6. 5.6 Component

      1. 5.6.1 Anode

      2. 5.6.2 Cathode

      3. 5.6.3 Electrolyte

      4. 5.6.4 Separator

    7. 5.7 Material Type

      1. 5.7.1 Cobalt

      2. 5.7.2 Lithium

      3. 5.7.3 Manganese

      4. 5.7.4 Natural Graphite

      5. 5.7.5 Nickel

      6. 5.7.6 Other Materials

    8. 5.8 Country

      1. 5.8.1 Canada

      2. 5.8.2 US

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Key Strategic Moves

    2. 6.2 Market Share Analysis

    3. 6.3 Company Landscape

    4. 6.4 Company Profiles

      1. 6.4.1 A123 Systems LLC

      2. 6.4.2 ACDELCO (Subsidiary Of General Motors)

      3. 6.4.3 American Battery Solutions Inc.

      4. 6.4.4 Clarios International Inc.

      5. 6.4.5 Contemporary Amperex Technology Co. Ltd. (CATL)

      6. 6.4.6 Electrovaya Inc.

      7. 6.4.7 Envision AESC Japan Co. Ltd.

      8. 6.4.8 LG Energy Solution Ltd.

      9. 6.4.9 Nikola Corporation

      10. 6.4.10 Primearth EV Energy Co. Ltd.

      11. 6.4.11 QuantumScape Corp.

  7. 7. KEY STRATEGIC QUESTIONS FOR EV BATTERY PACK CEOS

  8. 8. APPENDIX

    1. 8.1 Global Overview

      1. 8.1.1 Overview

      2. 8.1.2 Porter’s Five Forces Framework

      3. 8.1.3 Global Value Chain Analysis

      4. 8.1.4 Market Dynamics (DROs)

    2. 8.2 Sources & References

    3. 8.3 List of Tables & Figures

    4. 8.4 Primary Insights

    5. 8.5 Data Pack

    6. 8.6 Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. ELECTRIC VEHICLE SALES, BY BODY TYPE, UNITS, NORTH AMERICA, 2017 - 2029
  1. Figure 2:  
  2. ELECTRIC VEHICLE SALES, BY MAJOR OEMS, UNITS, NORTH AMERICA, 2023
  1. Figure 3:  
  2. ELECTRIC VEHICLE SALES, BY MAJOR OEMS, UNITS, NORTH AMERICA, 2023
  1. Figure 4:  
  2. BEST-SELLING EV MODELS, UNITS, NORTH AMERICA, 2023
  1. Figure 5:  
  2. OEMS MARKET SHARE BY ELECTRIC VEHICLE BATTERY CHEMISTRY, VOLUME %, NORTH AMERICA, 2023
  1. Figure 6:  
  2. ELECTRIC VEHICLE BATTERY CELL AND PACK PRICE, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 7:  
  2. ELECTRIC VEHICLE KEY BATTERY MATERIAL PRICE, BY MATERIAL, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 8:  
  2. ELECTRIC VEHICLE BATTERY PRICE, BY BATTERY CHEMISTRY, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 9:  
  2. EV BATTERY PACK CAPACITY AND EFFICIENCY, KM/KWH, NORTH AMERICA, 2023
  1. Figure 10:  
  2. UPCOMING EV MODELS, BY BODY TYPE, UNITS, NORTH AMERICA, 2023
  1. Figure 11:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, KWH, NORTH AMERICA, 2017 - 2029
  1. Figure 12:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 13:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY BODY TYPE, KWH, NORTH AMERICA, 2017 - 2029
  1. Figure 14:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY BODY TYPE, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 15:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BODY TYPE, VOLUME SHARE (%), NORTH AMERICA, 2022 & 2029
  1. Figure 16:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), NORTH AMERICA, 2022 & 2029
  1. Figure 17:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY BUS, KWH, NORTH AMERICA, 2017 - 2029
  1. Figure 18:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY BUS, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 19:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), NORTH AMERICA, 2017-2029
  1. Figure 20:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY LCV, KWH, NORTH AMERICA, 2017 - 2029
  1. Figure 21:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY LCV, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 22:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), NORTH AMERICA, 2017-2029
  1. Figure 23:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY M&HDT, KWH, NORTH AMERICA, 2017 - 2029
  1. Figure 24:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY M&HDT, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 25:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), NORTH AMERICA, 2017-2029
  1. Figure 26:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY PASSENGER CAR, KWH, NORTH AMERICA, 2017 - 2029
  1. Figure 27:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY PASSENGER CAR, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 28:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), NORTH AMERICA, 2017-2029
  1. Figure 29:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY PROPULSION TYPE, KWH, NORTH AMERICA, 2017 - 2029
  1. Figure 30:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY PROPULSION TYPE, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 31:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, PROPULSION TYPE, VOLUME SHARE (%), NORTH AMERICA, 2022 & 2029
  1. Figure 32:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), NORTH AMERICA, 2022 & 2029
  1. Figure 33:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY BEV, KWH, NORTH AMERICA, 2017 - 2029
  1. Figure 34:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY BEV, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 35:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), NORTH AMERICA, 2017-2029
  1. Figure 36:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY PHEV, KWH, NORTH AMERICA, 2017 - 2029
  1. Figure 37:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY PHEV, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 38:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), NORTH AMERICA, 2017-2029
  1. Figure 39:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY CAPACITY, KWH, NORTH AMERICA, 2017 - 2029
  1. Figure 40:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY CAPACITY, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 41:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, CAPACITY, VOLUME SHARE (%), NORTH AMERICA, 2022 & 2029
  1. Figure 42:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, CAPACITY, VALUE SHARE (%), NORTH AMERICA, 2022 & 2029
  1. Figure 43:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY 15 KWH TO 40 KWH, KWH, NORTH AMERICA, 2017 - 2029
  1. Figure 44:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY 15 KWH TO 40 KWH, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 45:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), NORTH AMERICA, 2017-2029
  1. Figure 46:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY 40 KWH TO 80 KWH, KWH, NORTH AMERICA, 2017 - 2029
  1. Figure 47:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY 40 KWH TO 80 KWH, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 48:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), NORTH AMERICA, 2017-2029
  1. Figure 49:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY ABOVE 80 KWH, KWH, NORTH AMERICA, 2017 - 2029
  1. Figure 50:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY ABOVE 80 KWH, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 51:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), NORTH AMERICA, 2017-2029
  1. Figure 52:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY LESS THAN 15 KWH, KWH, NORTH AMERICA, 2017 - 2029
  1. Figure 53:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY LESS THAN 15 KWH, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 54:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), NORTH AMERICA, 2017-2029
  1. Figure 55:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY BATTERY FORM, KWH, NORTH AMERICA, 2017 - 2029
  1. Figure 56:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY BATTERY FORM, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 57:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BATTERY FORM, VOLUME SHARE (%), NORTH AMERICA, 2022 & 2029
  1. Figure 58:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BATTERY FORM, VALUE SHARE (%), NORTH AMERICA, 2022 & 2029
  1. Figure 59:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY CYLINDRICAL, KWH, NORTH AMERICA, 2017 - 2029
  1. Figure 60:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY CYLINDRICAL, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 61:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), NORTH AMERICA, 2017-2029
  1. Figure 62:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY POUCH, KWH, NORTH AMERICA, 2017 - 2029
  1. Figure 63:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY POUCH, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 64:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), NORTH AMERICA, 2017-2029
  1. Figure 65:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY PRISMATIC, KWH, NORTH AMERICA, 2017 - 2029
  1. Figure 66:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY PRISMATIC, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 67:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), NORTH AMERICA, 2017-2029
  1. Figure 68:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY METHOD, KWH, NORTH AMERICA, 2017 - 2029
  1. Figure 69:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY METHOD, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 70:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, METHOD, VOLUME SHARE (%), NORTH AMERICA, 2022 & 2029
  1. Figure 71:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, METHOD, VALUE SHARE (%), NORTH AMERICA, 2022 & 2029
  1. Figure 72:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY LASER, KWH, NORTH AMERICA, 2017 - 2029
  1. Figure 73:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY LASER, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 74:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), NORTH AMERICA, 2017-2029
  1. Figure 75:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY WIRE, KWH, NORTH AMERICA, 2017 - 2029
  1. Figure 76:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY WIRE, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 77:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), NORTH AMERICA, 2017-2029
  1. Figure 78:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY COMPONENT, UNITS, NORTH AMERICA, 2017 - 2029
  1. Figure 79:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY COMPONENT, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 80:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, COMPONENT, VOLUME SHARE (%), NORTH AMERICA, 2022 & 2029
  1. Figure 81:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, COMPONENT, VALUE SHARE (%), NORTH AMERICA, 2022 & 2029
  1. Figure 82:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY ANODE, UNITS, NORTH AMERICA, 2017 - 2029
  1. Figure 83:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY ANODE, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 84:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), NORTH AMERICA, 2017-2029
  1. Figure 85:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY CATHODE, UNITS, NORTH AMERICA, 2017 - 2029
  1. Figure 86:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY CATHODE, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 87:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), NORTH AMERICA, 2017-2029
  1. Figure 88:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY ELECTROLYTE, UNITS, NORTH AMERICA, 2017 - 2029
  1. Figure 89:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY ELECTROLYTE, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 90:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), NORTH AMERICA, 2017-2029
  1. Figure 91:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY SEPARATOR, UNITS, NORTH AMERICA, 2017 - 2029
  1. Figure 92:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY SEPARATOR, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 93:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), NORTH AMERICA, 2017-2029
  1. Figure 94:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY MATERIAL TYPE, KG, NORTH AMERICA, 2017 - 2029
  1. Figure 95:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY MATERIAL TYPE, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 96:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, MATERIAL TYPE, VOLUME SHARE (%), NORTH AMERICA, 2022 & 2029
  1. Figure 97:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, MATERIAL TYPE, VALUE SHARE (%), NORTH AMERICA, 2022 & 2029
  1. Figure 98:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY COBALT, KG, NORTH AMERICA, 2017 - 2029
  1. Figure 99:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY COBALT, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 100:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), NORTH AMERICA, 2017-2029
  1. Figure 101:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY LITHIUM, KG, NORTH AMERICA, 2017 - 2029
  1. Figure 102:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY LITHIUM, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 103:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), NORTH AMERICA, 2017-2029
  1. Figure 104:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY MANGANESE, KG, NORTH AMERICA, 2017 - 2029
  1. Figure 105:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY MANGANESE, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 106:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), NORTH AMERICA, 2017-2029
  1. Figure 107:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY NATURAL GRAPHITE, KG, NORTH AMERICA, 2017 - 2029
  1. Figure 108:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY NATURAL GRAPHITE, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 109:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), NORTH AMERICA, 2017-2029
  1. Figure 110:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY NICKEL, KG, NORTH AMERICA, 2017 - 2029
  1. Figure 111:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY NICKEL, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 112:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), NORTH AMERICA, 2017-2029
  1. Figure 113:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY OTHER MATERIALS, KG, NORTH AMERICA, 2017 - 2029
  1. Figure 114:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY OTHER MATERIALS, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 115:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), NORTH AMERICA, 2017-2029
  1. Figure 116:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY COUNTRY, KWH, NORTH AMERICA, 2017 - 2029
  1. Figure 117:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY COUNTRY, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 118:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, COUNTRY, VOLUME SHARE (%), NORTH AMERICA, 2022 & 2029
  1. Figure 119:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, COUNTRY, VALUE SHARE (%), NORTH AMERICA, 2022 & 2029
  1. Figure 120:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY CANADA, KWH, NORTH AMERICA, 2017 - 2029
  1. Figure 121:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY CANADA, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 122:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), NORTH AMERICA, 2017-2029
  1. Figure 123:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY US, KWH, NORTH AMERICA, 2017 - 2029
  1. Figure 124:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BY US, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 125:  
  2. BREAKDOWN OF NORTH AMERICA LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), NORTH AMERICA, 2017-2029
  1. Figure 126:  
  2. NORTH AMERICA LFP BATTERY PACK MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2020 - 2022
  1. Figure 127:  
  2. NORTH AMERICA LFP BATTERY PACK MARKET, MOST ADOPTED STRATEGIES, 2020 - 2022
  1. Figure 128:  
  2. NORTH AMERICA LFP BATTERY PACK MARKET SHARE(%), BY MAJOR PLAYER REVENUE, 2023

North America LFP Battery Pack Industry Segmentation

Bus, LCV, M&HDT, Passenger Car are covered as segments by Body Type. BEV, PHEV are covered as segments by Propulsion Type. 15 kWh to 40 kWh, 40 kWh to 80 kWh, Above 80 kWh, Less than 15 kWh are covered as segments by Capacity. Cylindrical, Pouch, Prismatic are covered as segments by Battery Form. Laser, Wire are covered as segments by Method. Anode, Cathode, Electrolyte, Separator are covered as segments by Component. Cobalt, Lithium, Manganese, Natural Graphite, Nickel are covered as segments by Material Type. Canada, US are covered as segments by Country.

  • In 2023, the adoption and sales of lithium iron phosphate (LFP) battery packs for electric vehicles (EVs) steadily increased in North America. LFP batteries are becoming increasingly popular due to their high energy density, long cycle life, and low cost compared to other battery chemistries. However, the typical range for an EV with an LFP battery pack is around 320-480 km per charge.
  • The adoption and penetration of LFP battery packs in North America are expected to continue to grow in the coming years, driven by factors such as government regulations and incentives, consumer demand for EVs, and advancements in battery technology. Moreover, the ongoing efforts of automakers to improve the performance and reduce the cost of LFP battery packs will also contribute to their increased adoption in the EV market.
  • For example, the Canadian province of Quebec announced a new plan to invest USD 3,679.23 million (CAD 5 billion) in the production and recycling of EV batteries, including LFP batteries. Several OEMs, including Tesla and General Motors, are investing in the development and production of EVs with LFP batteries in North America. Governments in the region have set targets for phasing out fossil fuel-powered vehicles and promoting the adoption of EVs, such as California's goal of having all new passenger cars and trucks sold in the state be zero-emission vehicles by 2035. Overall, the future of the North American LFP battery pack market for electric vehicles looks promising, with continued growth expected in the coming years due to increasing consumer demand, technological advancements, and government support.
Body Type
Bus
LCV
M&HDT
Passenger Car
Propulsion Type
BEV
PHEV
Capacity
15 kWh to 40 kWh
40 kWh to 80 kWh
Above 80 kWh
Less than 15 kWh
Battery Form
Cylindrical
Pouch
Prismatic
Method
Laser
Wire
Component
Anode
Cathode
Electrolyte
Separator
Material Type
Cobalt
Lithium
Manganese
Natural Graphite
Nickel
Other Materials
Country
Canada
US
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Market Definition

  • Battery Chemistry - LFP battery type is considred under the scope of battery chemistry.
  • Battery Form - The types of battery forms offered under this segment include Cylindrical, Pouch and Prismatic.
  • Body Type - Body types considered under this segment include, passenger cars, LCV (light commercial vehicle), M&HDT (medium & heavy duty trucks)and buses.
  • Capacity - Various types of battery capacities inldude under theis segment are 15 kWH to 40 kWH, 40 kWh to 80 kWh, Above 80 kWh and Less than 15 kWh.
  • Component - Various components covered under this segment include anode, cathode, electrolyte, separator.
  • Material Type - Various material covered under this segment include cobalt, lithium, manganese, natural graphite, other material.
  • Method - The types of method covered under this segment include laser and wire.
  • Propulsion Type - Propulsion types considered under this segment include BEV (Battery electric vehicles), PHEV (plug-in hybrid electric vehicle).
  • ToC Type - ToC 4
  • Vehicle Type - Vehicle type considered under this segment include passenger vehicles, and commercial vehicles with various EV powertrains.
Keyword Definition
Electric vehicle (EV) A vehicle which uses one or more electric motors for propulsion. Includes cars, buses, and trucks. This term includes all-electric vehicles or battery electric vehicles and plug-in hybrid electric vehicles.
PEV A plug-in electric vehicle is an electric vehicle that can be externally charged and generally includes all electric vehicles as well as plug-electric vehicles as well as plug-in hybrids.
Battery-as-a-Service A business model in which the battery of an EV can be rented from a service provider or swapped with another battery when it runs out of charge
Battery Cell The basic unit of an electric vehicle's battery pack, typically a lithium-ion cell, that stores electrical energy.
Module A subsection of an EV battery pack, consisting of several cells grouped together, often used to facilitate manufacturing and maintenance.
Battery Management System (BMS) An electronic system that manages a rechargeable battery by protecting the battery from operating outside its safe operating area, monitoring its state, calculating secondary data, reporting data, controlling its environment, and balancing it.
Energy Density A measure of how much energy a battery cell can store in a given volume, usually expressed in watt-hours per liter (Wh/L).
Power Density The rate at which energy can be delivered by the battery, often measured in watts per kilogram (W/kg).
Cycle Life The number of complete charge-discharge cycles a battery can perform before its capacity falls under a specified percentage of its original capacity.
State of Charge (SOC) A measurement, expressed as a percentage, that represents the current level of charge in a battery compared to its capacity.
State of Health (SOH) An indicator of the overall condition of a battery, reflecting its current performance compared to when it was new.
Thermal Management System A system designed to maintain optimal operating temperatures for an EV's battery pack, often using cooling or heating methods.
Fast Charging A method of charging an EV battery at a much faster rate than standard charging, typically requiring specialized charging equipment.
Regenerative Braking A system in electric and hybrid vehicles that recovers energy normally lost during braking and stores it in the battery.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all its reports.

  • Step-1: Identify Key Variables: To build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built based on these variables.
  • Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. Market revenue is calculated by multiplying the volume demand with volume-weighted average battery pack price (per kWh). Battery pack price estimation and forecast takes into account various factors affecting ASP, such as inflation rates, market demand shifts, production costs, technological developments, and consumer preferences, providing estimations for both historical data and future trends.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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North America LFP Battery Pack Market Research FAQs

The North America LFP Battery Pack Market size is expected to reach USD 564.69 million in 2024 and grow at a CAGR of 29.50% to reach USD 2.06 billion by 2029.

In 2024, the North America LFP Battery Pack Market size is expected to reach USD 564.69 million.

A123 Systems LLC, Clarios International Inc., Contemporary Amperex Technology Co. Ltd. (CATL), LG Energy Solution Ltd. and Primearth EV Energy Co. Ltd. are the major companies operating in the North America LFP Battery Pack Market.

In the North America LFP Battery Pack Market, the BEV segment accounts for the largest share by propulsion type.

In 2024, US accounts for the largest share by country in the North America LFP Battery Pack Market.

In 2023, the North America LFP Battery Pack Market size was estimated at 564.69 million. The report covers the North America LFP Battery Pack Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America LFP Battery Pack Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

North America LFP Battery Pack Industry Report

Statistics for the 2023 North America LFP Battery Pack market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America LFP Battery Pack analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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