Projected market value of industrial batteries in North America 2021-2031, by country
The United States accounted for the largest market for industrial batteries in North America in 2023. This trend is expected to continue throughout the next 10 years, although Mexico will account for the largest compound annual growth rate in the region between 2024 and 2031. As of 2023, the U.S.' market of industrial batteries was second only to China.
More information on the global industrial battery market can be found here.