Canada Battery Market Size & Outlook, 2025-2030
Global Market
Related Markets
Canada battery market highlights
- The Canada battery market generated a revenue of USD 7,205.8 million in 2024 and is expected to reach USD 16,510.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 15.1% from 2025 to 2030.
- In terms of segment, lithium ion was the largest revenue generating product in 2024.
- Small Sealed Lead-acid Batteries is the most lucrative product segment registering the fastest growth during the forecast period.
Battery market data book summary
| Market revenue in 2024 | USD 7,205.8 million |
| Market revenue in 2030 | USD 16,510.6 million |
| Growth rate | 15.1% (CAGR from 2025 to 2030) |
| Largest segment | Lithium ion |
| Fastest growing segment | Small Sealed Lead-acid Batteries |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lead Acid, Lithium Ion, Nickel-based, Sodium-ion, Flow Battery, Small Sealed Lead-acid Batteries |
| Key market players worldwide | BYD Co Ltd ADR, GS Yuasa Corp, Hitachi Ltd, Johnson Controls International PLC, LG Chem, NEC Corp, Panasonic Holdings Corp, Samsung Electronics Co Ltd, Toshiba Corporation |
Other key industry trends
- In terms of revenue, Canada accounted for 5.4% of the global battery market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. battery market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 8,597.4 million by 2030.
The growing demand for vehicle charging infrastructure and the installation of renewable energy systems is expected to stimulate market growth. The high demand for telecom towers coupled with ongoing innovations to reduce the cost of lithium-ion batteries is expected to spur market growth.
Subsidies and a favorable regulatory framework are anticipated to drive the market over the forecast period. Furthermore, a sharp decline in equipment cost owing to rising installations in solar industry is expected to continue over the forecast period.
Increasing deployment of renewable energy in power sector is expected to enhance the utilization of frequency regulation and energy storage applications in the country. These factors are anticipated to aid the growth of the battery market in the country over the forecast period.
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Publish Date: Apr 20, 2026
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Battery Market Scope
Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hitachi Ltd | View profile | 322,525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | www.hitachi.com |
| Johnson Controls International PLC | View profile | 102,000 | One Albert Quay, Cork, Ireland, T12 X8N6 | www.johnsoncontrols.com |
| Panasonic Holdings Corp | View profile | 230,025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | holdings.panasonic |
| Samsung Electronics Co Ltd | View profile | 124,804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | www.samsung.com |
| NEC Corp | View profile | 118,527 | 7-1, Shiba 5-chome, Minato-ku, Tokyo, Japan, 108-8001 | www.nec.com |
| Toshiba Corporation | View profile | 10001+ | Tokyo, Tokyo, Japan, Asia | www.toshiba.com/tai/ |
| LG Chem | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | www.lgchem.com |
| BYD Co Ltd ADR | View profile | 703,504 | No. 3009, BYD Road, Pingshan, Guangdong Province, Shenzhen, China, People's Republic of, 518118 | www.byd.com |
| GS Yuasa Corp | View profile | 17,031 | 1, Inobanba-cho, Nishinosho, Kisshoin, Minami-ku, Kyoto, Japan, 601-8520 | www.gs-yuasa.com |
Canada Battery Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Battery Market Outlook will help companies and investors design strategic landscapes.
Lithium Ion was the largest segment with a revenue share of 48.27% in 2024.
Horizon Databook has segmented the Canada battery market based on lead acid, lithium ion, nickel-based, sodium-ion, flow battery, small sealed lead-acid batteries covering the revenue growth of each sub-segment from 2018 to 2030.
The growing demand for vehicle charging infrastructure and the installation of renewable energy systems is expected to stimulate market growth. The high demand for telecom towers coupled with ongoing innovations to reduce the cost of lithium-ion batteries is expected to spur market growth.
Subsidies and a favorable regulatory framework are anticipated to drive the market over the forecast period. Furthermore, a sharp decline in equipment cost owing to rising installations in solar industry is expected to continue over the forecast period.
Increasing deployment of renewable energy in power sector is expected to enhance the utilization of frequency regulation and energy storage applications in the country. These factors are anticipated to aid the growth of the battery market in the country over the forecast period.
- Canada Battery Market Product Outlook (Revenue, USD Million , 2018-2030)
- Lead Acid
- Lithium Ion
- Nickel-based
- Sodium-ion
- Flow Battery
- Small Sealed Lead-acid Batteries
- Others
- Canada Battery Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Aerospace
- Automobile
- Consumer Electronics
- Grid-scale Energy Storage
- Telecom
- Power Tools
- Military & Defense
- Others
- Canada Battery Market Application Outlook (Revenue, USD Million , 2018-2030)
- Automotive Batteries
- Industrial Batteries
- Portable Batteries
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada Battery Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Battery Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Canada Battery Market, 2018-2030 (US$M)
Canada battery market statistics, by product, 2018-2030 (US$M)
