Storage battery manufacturing — US Industry Report
The storage battery manufacturing industry in the United States generated an estimated ~$9.7B in annual revenue across 229 establishments employing 32.2K workers (Census Bureau). This 32-page report analyzes industry performance, competitive dynamics, and delivers 5-year growth forecasts.
Industry Snapshot
- ▸Battery manufacturing capacity remains heavily concentrated in a single region
- ▸Payroll growth substantially outpacing job creation across the sector
- ▸Industry expansion significantly exceeds broader economic growth amid continued consolidation
- ▸Pandemic disruption reversed multiple years of employment gains within months
Table of Contents
Key takeaways, industry definition, and current state overview. Covers the industry's scope, principal activities, NAICS classification context, and a concise snapshot of where the industry stands today. Reading this alone gives decision-makers the high-level picture they need before diving into data-backed chapters.
Historical performance analysis covering establishments, employment, and payroll (2012-2025). Examines what has driven industry performance in recent years, how the industry has responded to macroeconomic cycles, and which operating conditions have shaped revenue and labor dynamics. Includes source-cited tables and year-by-year data points.
5-year projections (2026-2030) with base case, bull case, and bear case scenarios. Each scenario combines historical trends, macroeconomic indicators from FRED, and industry-specific signals. Addresses questions on expected trajectory, forecast risk, downside drivers, and the assumptions behind each scenario.
Growth drivers, risk factors, and external environment analysis. Unpacks the forces that will shape the industry over the forecast horizon — demographic shifts, regulatory changes, technology adoption, and cyclical exposure. Frames both the upside opportunities and the structural risks operators and investors should weigh.
Market structure, concentration, barriers to entry, and competitive dynamics. Describes how the industry is structured between incumbents and entrants, typical competitive strategies, and what separates successful operators. Standard-tier reports add the official CR4, CR8, CR20, CR50 and HHI from the Census Economic Census, plus the largest public operators named from SEC EDGAR 10-K filings.
Cost structure, labor requirements, technology factors, and the regulatory environment. Examines where operators spend, how sensitive margins are to input costs, what workforce and technology investments are typical, and which compliance and regulatory constraints shape day-to-day operations and long-term planning.
Strengths, weaknesses, opportunities, and threats — each supported by concrete evidence from the underlying data. Moves beyond generic bullet points by tying each SWOT element to specific metrics, structural trends, or external forces identified elsewhere in the report. Useful for strategic planning and risk assessment.
Regional market concentration, wage dynamics, and emerging geographic opportunities. Breaks establishments, employment, and payroll down by state and region, identifies where the industry is densest, where it is growing fastest, and how local labor markets and wage levels differ. Standard-tier and higher includes state-level tables.
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The Storage battery manufacturing industry (NAICS 335911) encompasses 229 establishments in the United States employing 32.2K workers, generating an estimated ~$9.7B in annual revenue (Census Bureau). Classified within Manufacturing, the industry is positioned in a growth phase of its life cycle.
This report examines historical performance trends (2012-2025), competitive structure, geographic distribution, and provides a 5-year outlook (2026-2030) with growth drivers, risk factors, and industry-specific SWOT analysis.
Products & Services
Key service categories in the Storage battery manufacturing industry.
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Top Questions Answered
What is the market size of the Storage battery manufacturing industry?
The Storage battery manufacturing industry generated ~$7.5B in revenue (US Census Economic Census, 2017). Full analysis available in report.
How fast is the Storage battery manufacturing industry growing?
The Storage battery manufacturing industry has experienced strong growth in recent years, substantially outpacing the broader U.S. manufacturing sector and the general economy. Full analysis available in report.
What is the outlook for the Storage battery manufacturing industry over the next five years?
The Storage battery manufacturing industry is projected to continue its growth trajectory through the forecast period, supported by a confluence of structural tailwinds that show no near-term signs... Full analysis available in report.
What does the Storage battery manufacturing industry (NAICS 335911) actually cover?
NAICS 335911 covers establishments primarily engaged in manufacturing storage batteries, including lead-acid batteries, lithium-ion batteries, nickel-cadmium batteries, and other rechargeable and... Full analysis available in report.
How many Storage battery manufacturing businesses operate in the U.S.?
As of 2023, the Storage battery manufacturing industry comprises approximately 229 establishments employing around 32,200 workers (Census CBP, 2023) nationwide, reflecting a notably concentrated... Full analysis available in report.
How competitive is the Storage battery manufacturing industry?
The Storage battery manufacturing industry is characterized by high barriers to entry, including substantial capital requirements for cell and pack production lines, proprietary electrochemical... Full analysis available in report.
How do wages and compensation in Storage battery manufacturing compare to other industries?
Compensation within Storage battery manufacturing varies considerably by role and facility type, with highly skilled positions in process engineering, electrochemistry, and quality assurance... Full analysis available in report.
What types of companies are the major players in Storage battery manufacturing?
The industry is dominated by a small number of large-scale manufacturers with vertically integrated operations spanning cell production, module assembly, and pack integration — many of which have... Full analysis available in report.
Get complete answers with detailed growth rates, forecasts, and competitive analysis.
Methodology
This report is produced using AI-assisted analysis of official US government data sources. Our methodology combines automated data collection from federal statistical databases with AI-assisted synthesis and validation. Every numerical claim undergoes a validation pass against source data.
The Census Bureau's County Business Patterns and Economic Census provide establishment counts, employment, and payroll broken out by NAICS industry and geography. The Bureau of Labor Statistics QCEW program supplies wage data by industry. The Federal Reserve Economic Data (FRED) service contributes macroeconomic indicators used for industry forecasting — GDP, interest rates, housing starts, and sector-specific indices.
Data freshness varies by source: Census CBP has a ~2 year lag, BLS lags 6-9 months, and FRED provides near real-time macroeconomic data. Each report includes a data currency section showing exact year ranges.
Read our full methodology →Data Sources
Every chart, table, and claim in this report traces back to a published federal statistical database. Each data point in the PDF shows its source so you can verify it against the original dataset.
- U.S. Census Bureau — County Business Patterns & Economic Census
- Bureau of Labor Statistics — QCEW
- Federal Reserve Economic Data (FRED)
- SEC EDGAR — 10-K filings(Standard tier)
Report Details
Industry Classification (NAICS)
Where this industry sits in the North American Industry Classification System.
Classified on NAICS 2017. In NAICS 2022 this is part of 335910, “Battery Manufacturing”, which is broader.
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Get verified manufacturing industry trends data from federal sources. Total US Manufacturing Employment: 12.7M (Bureau of Labor Statistics, 2024).
Five US industries have more than 90% of their national employment inside a single state, and three states lead 66% of all industries.