Canada Battery Market by Type (Lead Acid, Lithium Ion, Nickel Metal Hydride, Nickel Cadmium, and Others), by Application (Residential, Industrial, and Commercial), and by Power Systems (Fuel Cell Batteries, Proton-Exchange Membrane Fuel Cells, Alkaline Fuel Cells, Phosphoric Acid Fuel Cells, Solid Oxide Fuel Cells, Molten Carbonate Fuel Cells, Air Cells, Flywheel Energy Storage, Nuclear Batteries) – Opportunity Analysis and Industry Forecast 2023-2030

Canada Battery Market

Industry:  Energy & Power | Publish Date: Aug 2023 | No of Pages:  79 | No. Tables:  55 | No. Figures:  27

Market Definition

Canada Battery Market was valued at USD 4.13 billion in 2022, and is predicted to reach USD 14.95 billion by 2030, with a CAGR of 17.4% from 2023 to 2030. 

A battery functions as a reservoir for storing energy, which is later released by transforming chemical energy into electrical energy. This process is achieved by utilizing one or more electrochemical cells. Batteries hold immense significance in our daily routines and can be divided into primary and secondary variants. Primary batteries, often called non-rechargeable batteries, offer a straightforward and convenient power source for a range of portable gadgets such as cameras, watches, toys, radios, and illumination devices. Conversely, secondary batteries, recognized as rechargeable batteries, possess the capability to be replenished once depleted. This distinction underscores the vital role that batteries play in our modern way of living.

Canada's Government Initiatives and EV Promotion for a Sustainable Transportation Sector

Canada is one of the leading countries in adoption of EVs. The government in Canada is promoting the use of EVs and undertaking several initiatives for electrification of public transportation to decarbonizing the transportation sector and transitioning to a low-carbon future. For instance, Natural Resources Canada has initiated a new program called the Zero-Emission Vehicle Infrastructure Program (ZEVI) with an investment of USD 680 million. The program is designed to increase the network of zero-emission vehicle charging and refuelling stations in more localized areas, such as multi-unit residential buildings, workplaces, or parking stations of light-duty vehicle fleets. Such initiatives undertaken by the government increase the adoption of batteries and intern drives the battery market in Canada.

 

Localization of Battery Manufacturing by Industry Leaders Boosts Canadian Market

Prominent battery manufacturers, including LG Energy Solution, are making substantial investments in Canada with the aim of establishing localized battery manufacturing within the country. This strategic move not only contributes to the growth of the domestic battery market but also holds the potential to bring about significant positive impacts on Canada's industrial landscape and economy. By setting up manufacturing facilities within the country, these companies can effectively cater to the increasing demand for batteries, particularly in the context of the surging electric vehicle (EV) market. For instance, in March 2022, LG Energy Solution announced a joint venture with Stellantis N.V. in Canada. The joint venture invests more than USD 4.1 billion in a facility in Canada to manufacture batteries for EVs. The battery plant will be located in Windsor, Ontario, and will supply EV batteries to Stellantis EV manufacturing plants throughout Canada. The facility is expected to be operational by 2025.

 

Safety Issues Related to Battery Usage in Canada

If not handled carefully, the use of batteries poses a number of risks to both human health and the environment. Depleted or dead batteries are frequently discarded as waste, ending up in landfills where they deteriorate and emit dangerous compounds. These batteries deteriorate over time, releasing chemical components into the earth and damaging groundwater and surface water. As a result, this contamination has a significant influence on our ecosystem, hurting numerous aquatic plants and animals exposed to harmful battery compounds such as mercury, cadmium, lithium, and lead. As a result, these issues are expected to hinder the growth of the battery market.

Introduction of Nano-Diamond Batteries (NDB) in Multiple Industries

The growing adoption of Nuclear Diamond Batteries (NDBs) across diverse sectors including automotive, aerospace, and electronics is anticipated to create future opportunities within the battery market of Canada. NDBs represent a groundbreaking advancement in energy generation and storage, fundamentally transforming the concept of batteries. These batteries possess remarkable durability by harnessing the energy produced from the radioactive decay of nuclear waste. The battery market's trajectory is being shaped by the alluring attributes of NDBs, including their compactness, adaptability, cost-efficiency, and scalability across various applications, from small-scale chipsets to large industrial setups. NDBs, functioning as high-power diamond-based alpha, beta, and neutron voltaic batteries, offer a continuous source of clean energy for a wide array of applications, surpassing the performance of conventional chemical batteries.

 

Competitive Landscape  

The Canada battery industry includes several market players such as LG Chem Ltd., CATL, Samsung SDI Co. Ltd., BYD, SKI, ENVISION AESC GROUP LTD., Gotion High tech Co Ltd, Primearth EV Energy Co., Ltd., China Aviation Lithium Battery Co., Ltd., Panasonic Corporation.

KEY BENEFITS

  • The Canada battery market report provides a quantitative analysis of the current market and estimations through 2023-2030 that assists in identifying the prevailing market opportunities to capitalize on.

  • The study comprises a deep dive analysis of the market trend including the current and future trends for depicting the prevalent investment pockets in the market.

  • The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.

  • The competitive analysis of the market players along with their market share in the Canada battery market.

  • The SWOT analysis and Porter’s Five Forces model are elaborated in the study.

  • Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

CANADA BATTERY MARKET KEY SEGMENTS

By Type

  • Lead Acid

    • Stationary

    • Motive

  • Lithium Ion

    • Lithium Nickel Manganese Cobalt (LI-NMC)

    • Lithium Iron Phosphate (LFP)

    • Lithium Cobalt Oxide (LCO)

    • Lithium Titanate Oxide (LTO)

    • Lithium Manganese Oxide (LMO)

    • Lithium Nickel Cobalt Aluminum Oxide (NCA)

  • Nickel Metal Hydride

  • Nickel Cadmium

  • Others

By Application

  • Residential

  • Industrial

    • Manufacturing & Construction

    • Automotive

    • Medical

    • Telecom & IT

    • Consumer Electronics

    • Power & Utility

    • Aerospace

    • Marine

    • Others

  • Commercial

By Power Systems

  • Fuel Cell batteries

  • Proton-Exchange Membrane Fuel Cells

  • Alkaline Fuel Cells

  • Phosphoric Acid Fuel Cells

  • Solid Oxide Fuel Cells

  • Molten Carbonate Fuel Cells

  • Air Cells

  • Flywheel Energy Storage

  • Nuclear Batteries

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2022

USD 4.13 billion

Revenue Forecast in 2030

USD 14.95 billion

Growth Rate

CAGR of 17.4% from 2023 to 2030

Analysis Period

2022–2030

Base Year Considered

2022

Forecast Period

2023–2030

Market Size Estimation

Billion (USD)

Growth Factors

The growing government incentives 

The adoption of hybrid vehicles

Companies Profiled

10

Market Share

Available for 10 companies

Customization Scope

Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs.

Test

1      INTRODUCTION

           1.1      REPORT DESCRIPTION

           1.2      RESEARCH METHODOLOGY

                         1.2.1      SECONDARY RESEARCH

                         1.2.2      DATA ANALYSIS FRAMEWORK

                         1.2.3      MARKET SIZE ESTIMATION

                         1.2.4      FORECASTING

                         1.2.5      PRIMARY RESEARCH AND DATA VALIDATION

2      CANADA BATTERY MARKET BY TYPE

           2.1      OVERVIEW

           2.2      LEAD ACID MARKET

                         2.2.1      STATIONARY

                         2.2.2      MOTIVE

           2.3      LITHIUM ION MARKET

                         2.3.1      LITHIUM NICKEL MANGANESE COBALT (LI-NMC)

                         2.3.2      LITHIUM IRON PHOSPHATE (LFP)

                         2.3.3      LITHIUM COBALT OXIDE (LCO)

                         2.3.4      LITHIUM TITANATE OXIDE (LTO)

                         2.3.5      LITHIUM MANGANESE OXIDE (LMO)

                         2.3.6      LITHIUM NICKEL COBALT ALUMINUM OXIDE (NCA)

           2.4      NICKEL METAL HYDRIDE MARKET

           2.5      NICKEL CADMIUM MARKET

           2.6      OTHERS MARKET

3       CANADA BATTERY MARKET BY APPLICATION

           3.1      OVERVIEW

           3.2      RESIDENTIAL MARKET

           3.3      INDUSTRIAL MARKET

                         3.3.1      MANUFACTURING AND CONSTRUCTION

                         3.3.2      AUTOMOTIVE

                         3.3.3      MEDICAL

                         3.3.4      TELECOM AND IT

                         3.3.5      CONSUMER ELECTRONICS

                         3.3.6      POWER AND UTILITY

                         3.3.7      AEROSPACE

                         3.3.8      MARINE

                         3.3.9      OTHERS

           3.4      COMMERCIAL MARKET

4       CANADA BATTERY MARKET BY POWER SYSTEMS

           4.1      OVERVIEW

           4.2      FUEL CELL BATTERIES MARKET

           4.3      PROTON-EXCHANGE MEMBRANE FUEL CELLS MARKET

           4.4      ALKALINE FUEL CELLS MARKET

           4.5      PHOSPHORIC ACID FUEL CELLS MARKET

           4.6      SOLID OXIDE FUEL CELLS MARKET

           4.7      MOLTEN CARBONATE FUEL CELLS MARKET

           4.8      AIR CELLS MARKET

           4.9      FLYWHEEL ENERGY STORAGE MARKET

           4.10      NUCLEAR BATTERIES MARKET

5      COMPANY PROFILES

           5.1     LG CHEM LTD.

                         5.1.1     COMPANY OVERVIEW

                         5.1.2     COMPANY SNAPSHOT

                         5.1.3     OPERATING BUSINESS SEGMENTS

                         5.1.4     PRODUCT PORTFOLIO

                         5.1.5     BUSINESS PERFORMANCE

                         5.1.6     BUSINESS SEGMENTS

                         5.1.7     GEOGRAPHIC SEGMENTS

                         5.1.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         5.1.9     PRIMARY MARKET COMPETITORS

           5.2     CATL

                         5.2.1     COMPANY OVERVIEW

                         5.2.2     COMPANY SNAPSHOT

                         5.2.3     OPERATING BUSINESS SEGMENTS

                         5.2.4     PRODUCT PORTFOLIO

                         5.2.5     BUSINESS PERFORMANCE

                         5.2.6     BUSINESS SEGMENTS

                         5.2.7     GEOGRAPHIC SEGMENTS

                         5.2.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         5.2.9     PRIMARY MARKET COMPETITORS

           5.3     SAMSUNG SDI CO. LTD.

                         5.3.1     COMPANY OVERVIEW

                         5.3.2     COMPANY SNAPSHOT

                         5.3.3     OPERATING BUSINESS SEGMENTS

                         5.3.4     PRODUCT PORTFOLIO

                         5.3.5     BUSINESS PERFORMANCE

                         5.3.6     BUSINESS SEGMENTS

                         5.3.7     GEOGRAPHIC SEGMENTS

                         5.3.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         5.3.9     PRIMARY MARKET COMPETITORS

           5.4     BYD

                         5.4.1     COMPANY OVERVIEW

                         5.4.2     COMPANY SNAPSHOT

                         5.4.3     OPERATING BUSINESS SEGMENTS

                         5.4.4     PRODUCT PORTFOLIO

                         5.4.5     BUSINESS PERFORMANCE

                         5.4.6     BUSINESS SEGMENTS

                         5.4.7     GEOGRAPHIC SEGMENTS

                         5.4.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         5.4.9     PRIMARY MARKET COMPETITORS

           5.5     SK INNOVATION CO. LTD.

                         5.5.1     COMPANY OVERVIEW

                         5.5.2     COMPANY SNAPSHOT

                         5.5.3     OPERATING BUSINESS SEGMENTS

                         5.5.4     PRODUCT PORTFOLIO

                         5.5.5     BUSINESS PERFORMANCE

                         5.5.6     BUSINESS SEGMENTS

                         5.5.7     GEOGRAPHIC SEGMENTS

                         5.5.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         5.5.9     PRIMARY MARKET COMPETITORS

           5.6     ENVISION AESC GROUP LTD.

                         5.6.1     COMPANY OVERVIEW

                         5.6.2     COMPANY SNAPSHOT

                         5.6.3     OPERATING BUSINESS SEGMENTS

                         5.6.4     PRODUCT PORTFOLIO

                         5.6.5     BUSINESS PERFORMANCE

                         5.6.6     BUSINESS SEGMENTS

                         5.6.7     GEOGRAPHIC SEGMENTS

                         5.6.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         5.6.9     PRIMARY MARKET COMPETITORS

           5.7     GOTION HIGH TECH CO LTD.

                         5.7.1     COMPANY OVERVIEW

                         5.7.2     COMPANY SNAPSHOT

                         5.7.3     OPERATING BUSINESS SEGMENTS

                         5.7.4     PRODUCT PORTFOLIO

                         5.7.5     BUSINESS PERFORMANCE

                         5.7.6     BUSINESS SEGMENTS

                         5.7.7     GEOGRAPHIC SEGMENTS

                         5.7.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         5.7.9     PRIMARY MARKET COMPETITORS

           5.8     PRIMEARTH EV ENERGY CO., LTD.

                         5.8.1     COMPANY OVERVIEW

                         5.8.2     COMPANY SNAPSHOT

                         5.8.3     OPERATING BUSINESS SEGMENTS

                         5.8.4     PRODUCT PORTFOLIO

                         5.8.5     BUSINESS PERFORMANCE

                         5.8.6     BUSINESS SEGMENTS

                         5.8.7     GEOGRAPHIC SEGMENTS

                         5.8.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         5.8.9     PRIMARY MARKET COMPETITORS

           5.9     CHINA AVIATION LITHIUM BATTERY CO., LTD.

                         5.9.1     COMPANY OVERVIEW

                         5.9.2     COMPANY SNAPSHOT

                         5.9.3     OPERATING BUSINESS SEGMENTS

                         5.9.4     PRODUCT PORTFOLIO

                         5.9.5     BUSINESS PERFORMANCE

                         5.9.6     BUSINESS SEGMENTS

                         5.9.7     GEOGRAPHIC SEGMENTS

                         5.9.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         5.9.9     PRIMARY MARKET COMPETITORS

           5.10     PANASONIC CORPORATION

                         5.10.1     COMPANY OVERVIEW

                         5.10.2     COMPANY SNAPSHOT

                         5.10.3     OPERATING BUSINESS SEGMENTS

                         5.10.4     PRODUCT PORTFOLIO

                         5.10.5     BUSINESS PERFORMANCE

                         5.10.6     BUSINESS SEGMENTS

                         5.10.7     GEOGRAPHIC SEGMENTS

                         5.10.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         5.10.9     PRIMARY MARKET COMPETITORS

LIST OF TABLES

TABLE 1. CANADA BATTERY MARKET VALUE, BY TYPE, 2021-2030, MILLION USD

TABLE 2. CANADA BATTERY MARKET VOLUME, BY TYPE, 2021-2030, THOUSAND  UNITS

TABLE 3. CANADA LEAD ACID MARKET VALUE, BY TYPE, 2021-2030, MILLION USD

TABLE 4. CANADA LEAD ACID MARKET VOLUME, BY TYPE, 2021-2030, THOUSAND  UNITS

TABLE 5. CANADA LITHIUM ION MARKET VALUE, BY TYPE, 2021-2030, MILLION USD

TABLE 6. CANADA LITHIUM ION MARKET VOLUME, BY TYPE, 2021-2030, THOUSAND  UNITS

TABLE 7. CANADA BATTERY MARKET VALUE, BY APPLICATION, 2021-2030, MILLION USD

TABLE 8. CANADA BATTERY MARKET VOLUME, BY APPLICATION, 2021-2030, THOUSAND  UNITS

TABLE 9. CANADA INDUSTRIAL MARKET VALUE, BY APPLICATION, 2021-2030, MILLION USD

TABLE 10. CANADA INDUSTRIAL MARKET VOLUME, BY APPLICATION, 2021-2030, THOUSAND  UNITS

TABLE 11. CANADA BATTERY MARKET VALUE, BY POWER SYSTEMS, 2021-2030, MILLION USD

TABLE 12. CANADA BATTERY MARKET VOLUME, BY POWER SYSTEMS, 2021-2030, THOUSAND  UNITS

TABLE 13. CATL: COMPANY SNAPSHOT

TABLE 14. CATL: PRODUCT PORTFOLIO

TABLE 15. CATL: BUSINESS SEGMENT

TABLE 16. CATL: KEY STRATEGIC MOVES & DEVELOPMENTS

TABLE 17. BYD: COMPANY SNAPSHOT

TABLE 18. BYD: OPERATING SEGMENTS

TABLE 19. BYD: PRODUCT PORTFOLIO

TABLE 20. BYD: BUSINESS SEGMENT

TABLE 21. BYD: GEOGRAPHIC SEGMENT

TABLE 22. BYD: KEY STRATEGIC MOVES & DEVELOPMENTS

TABLE 23. LG CHEM LTD.: COMPANY SNAPSHOT

TABLE 24. LG CHEM LTD.: PRODUCT PORTFOLIO

TABLE 25. LG CHEM LTD.: KEY STRATEGIC MOVES & DEVELOPMENTS

TABLE 26. SAMSUNG SDI CO. LTD.: COMPANY SNAPSHOT

TABLE 27. SAMSUNG SDI CO. LTD.: OPERATING SEGMENTS

TABLE 28. SAMSUNG SDI CO. LTD.: PRODUCT PORTFOLIO

TABLE 29. SAMSUNG SDI CO. LTD.: SALES BY BUSINESS SEGMENT

TABLE 30. SAMSUNG SDI CO. LTD.: SALES BY GEOGRAPHIC SEGMENT

TABLE 31. SAMSUNG SDI CO. LTD.: KEY STRATEGIC MOVES & DEVELOPMENTS

TABLE 32. SK INNOVATION CO. LTD. (SKI): COMPANY SNAPSHOT

TABLE 33. SK INNOVATION CO. LTD. (SKI): OPERATING SEGMENTS

TABLE 34. SK INNOVATION CO. LTD. (SKI): PRODUCT PORTFOLIO

TABLE 35. SK INNOVATION CO. LTD. (SKI): BUSINESS SEGMENT

TABLE 36. SK INNOVATION CO. LTD. (SKI): GEOGRAPHIC SEGMENT

TABLE 37. SK INNOVATION CO. LTD. (SKI): KEY STRATEGIC MOVES & DEVELOPMENTS

TABLE 38. PANASONIC HOLDINGS CORPORATION: COMPANY SNAPSHOT

TABLE 39. PANASONIC HOLDINGS CORPORATION: OPERATING SEGMENTS

TABLE 40. PANASONIC HOLDINGS CORPORATION: PRODUCT PORTFOLIO

TABLE 41. PANASONIC HOLDINGS CORPORATION: BUSINESS SEGMENT

TABLE 42. PANASONIC HOLDINGS CORPORATION: GEOGRAPHIC SEGMENT

TABLE 43. PANASONIC HOLDINGS CORPORATION: KEY STRATEGIC MOVES & DEVELOPMENTS

TABLE 44. GOTION HIGH TECH CO. LTD.: COMPANY SNAPSHOT

TABLE 45. GOTION HIGH TECH CO. LTD.: PRODUCT PORTFOLIO

TABLE 46. GOTION HIGH TECH CO. LTD.: KEY STRATEGIC MOVES & DEVELOPMENTS

TABLE 47. ENVISION AESC GROUP LTD.: COMPANY SNAPSHOT

TABLE 48. ENVISION AESC GROUP LTD.: PRODUCT PORTFOLIO

TABLE 49. ENVISION AESC GROUP LTD.: KEY STRATEGIC MOVES & DEVELOPMENTS

TABLE 50. PRIMEARTH EV ENERGY CO. LTD.: COMPANY SNAPSHOT

TABLE 51. PRIMEARTH EV ENERGY CO. LTD.: PRODUCT PORTFOLIO

TABLE 52. PRIMEARTH EV ENERGY CO. LTD.: KEY STRATEGIC MOVES & DEVELOPMENTS

TABLE 53. CHINA AVIATION LITHIUM BATTERY CO. LTD. (CALB): COMPANY SNAPSHOT

TABLE 54. CHINA AVIATION LITHIUM BATTERY CO. LTD. (CALB): PRODUCT PORTFOLIO

TABLE 55. CHINA AVIATION LITHIUM BATTERY CO. LTD. (CALB): KEY STRATEGIC MOVES & DEVELOPMENTS

LIST OF FIGURES

FIGURE 1. CANADA BATTERY MARKET VALUE, BY TYPE, 2021-2030, MILLION USD

FIGURE 2. CANADA BATTERY MARKET VOLUME, BY TYPE, 2021-2030, THOUSAND  UNITS

FIGURE 3. CANADA LEAD ACID MARKET VALUE, BY TYPE, 2021-2030, MILLION USD

FIGURE 4. CANADA LEAD ACID MARKET VOLUME, BY TYPE, 2021-2030, THOUSAND  UNITS

FIGURE 5. CANADA LITHIUM ION MARKET VALUE, BY TYPE, 2021-2030, MILLION USD

FIGURE 6. CANADA LITHIUM ION MARKET VOLUME, BY TYPE, 2021-2030, THOUSAND  UNITS

FIGURE 7. CANADA BATTERY MARKET VALUE, BY APPLICATION, 2021-2030, MILLION USD

FIGURE 8. CANADA BATTERY MARKET VOLUME, BY APPLICATION, 2021-2030, THOUSAND  UNITS

FIGURE 9. CANADA INDUSTRIAL MARKET VALUE, BY APPLICATION, 2021-2030, MILLION USD

FIGURE 10. CANADA INDUSTRIAL MARKET VOLUME, BY APPLICATION, 2021-2030, THOUSAND  UNITS

FIGURE 11. CANADA BATTERY MARKET VALUE, BY POWER SYSTEMS, 2021-2030, MILLION USD

FIGURE 12. CANADA BATTERY MARKET VOLUME, BY POWER SYSTEMS, 2021-2030, THOUSAND  UNITS

FIGURE 13. CATL: PRIMARY MARKET COMPETITORS

FIGURE 14. BYD: NET SALES, 2019–2021 ($MILLION)

FIGURE 15. BYD: PRIMARY MARKET COMPETITORS

FIGURE 16. LG CHEM LTD.: NET SALES, 2019–2021 ($MILLION)

FIGURE 17. LG CHEM LTD.: PRIMARY MARKET COMPETITORS

FIGURE 18. SAMSUNG SDI CO. LTD.: NET SALES, 2019–2021 ($MILLION)

FIGURE 19. SAMSUNG SDI CO. LTD.: PRIMARY MARKET COMPETITORS

FIGURE 20. SK INNOVATION CO. LTD. (SKI): NET SALES, 2019–2020 ($MILLION)

FIGURE 21. SK INNOVATION CO. LTD. (SKI): PRIMARY MARKET COMPETITORS

FIGURE 22. PANASONIC HOLDINGS CORPORATION: NET SALES, 2019–2021 ($MILLION)

FIGURE 23. PANASONIC HOLDINGS CORPORATION: PRIMARY MARKET COMPETITORS

FIGURE 24. GOTION HIGH TECH CO. LTD.: PRIMARY MARKET COMPETITORS

FIGURE 25. ENVISION AESC GROUP LTD.: PRIMARY MARKET COMPETITORS

FIGURE 26. PRIMEARTH EV ENERGY CO. LTD.: PRIMARY MARKET COMPETITORS

FIGURE 27. CHINA AVIATION LITHIUM BATTERY CO. LTD. (CALB).: PRIMARY MARKET COMPETITORS

KEY PLAYERS

  • LG Chem Ltd.

  • CATL

  • Samsung SDI Co. Ltd.

  • BYD

  • SKI

  • ENVISION AESC GROUP LTD.

  • Gotion High tech Co Ltd

  • Primearth EV Energy Co., Ltd.

  • China Aviation Lithium Battery Co., Ltd.

  • Panasonic Corporation


Frequently Asked Questions
What will be the worth of Canada battery market by the end of 2030?

According to the report published by the Next Move Consulting, the Canada battery market business is expected to hit at $14.95 billion (USD) by 2030.

What are the leading companies in the Canada battery market?

The Canada battery industry includes several market players such as LG Chem Ltd., CATL, Samsung SDI Co. Ltd., BYD, SKI, ENVISION AESC GROUP LTD., Gotion High tech Co Ltd, Primearth EV Energy Co., Ltd., China Aviation Lithium Battery Co., Ltd., Panasonic Corporation.

What are the market segmentations and scope of the study for the Canada battery industry?

The Canada battery market share is segmented on the basis of type, application, and power systems.

What factors are contributing to the expansion of the Canada battery market?

The factors contributing to the expansion of the Canada battery market are growing investments by battery manufacturers, government incentives and regulations, cost reduction, and transportation electrification.

What factors are restraining the growth of the Canada battery market?

The factors restraining the growth of the Canada battery market are safety issues and regulatory barriers.