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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.

Published by VantaInsights Research TeamLast updated: June 2026NAICS 335911
~$9.7B
Market Size A VantaInsights projection for 2026, not a published federal figure: the 2017 Census Economic Census revenue carried forward at the industry's revenue growth rate. The published 2017 figure is in the report.
5-Year Trend Industry growth direction over 2012-2025. Exact CAGR and year-by-year data available in report.
229
Establishments Total business locations operating in this NAICS-classified industry.
32.2K
Employment Total paid employees across all industry establishments.
$XX.XB
Annual Payroll Total annual wages and salaries. Full payroll data available in report.
Growth
Life Cycle Growing faster than overall economy (GDP growth)

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
Full data and exact figures in the report

Table of Contents

1.Executive Summary

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.

p. 4
2.Industry Performance

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.

p. 6
3.Industry Forecast

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.

p. 10
4.Industry Outlook

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.

p. 13
5.Competitive Landscape

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.

p. 16
6.Operating Conditions

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.

p. 19
7.SWOT Analysis

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.

p. 22
8.Geographic Breakdown

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.

p. 25
32 pages·12 charts & figures·PDF format

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Industry Analysis

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.

Additional trends and insights available with purchase

Products & Services

Key service categories in the Storage battery manufacturing industry.

Full service list on the At-a-Glance page in report

Who Uses These Reports

Trusted by professionals who need verified federal data to make decisions

Investors & PE Firms

Size markets, validate deal theses, and benchmark targets with verified federal data before committing capital

Consultants & Advisors

Deliver data-backed recommendations to clients with sourced and cited industry metrics — Census, BLS, and FRED

Founders & Operators

Validate market entry, benchmark against industry averages, and present credible data to investors and boards

Corporate Strategy Teams

Support expansion planning, M&A due diligence, and executive reporting with NAICS-classified industry data

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.

Historical data range
2012-2025
Market size derivation
Est. via Revenue CAGR (Census Economic Census baseline)

Report Details

NAICS Code335911 - Storage battery manufacturing
NAICS Vintage2017
Industry SectorManufacturing
Report TierStandard
Geographic CoverageUnited States
Historical Data2012-2025
Forecast Period2026-2030
Page Count32 pages
FormatPDF
Data SourcesCensus, BLS, FRED, SEC
Last UpdatedJune 2026
AnalysisAI-assisted
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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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