The U.S. battery industry is a thriving economic engine. Annually, its direct and downstream economic activity creates $8.1 trillion in domestic economic output. Plus, nearly 48 million U.S. jobs are reliant on the battery industry.
Domestically produced batteries are essential to day-to-day activities and critical operations. A recent economic analysis by the independent research firm, EBP US, estimates the battery industry powers nearly 20% of the U.S. economy. Annual economic contributions include:
The report, The Battery Fueled Economy: US Domestic and Supported Canadian Activity, highlights the importance of batteries to ensure smooth and secure daily operations for downstream users across a wide range of vital industries.
Furthermore, these industries rely on energy storage to support continued economic growth. Prominent downstream users of storage batteries include:
Among battery chemistries, the U.S. lead battery manufacturing and recycling industry makes a particularly strong economic contribution of nearly 33 billion in economic output. The industry generates $13.7 billion in gross domestic product (GDP), directly employs 38,230 workers and spends $3 billion annually on payroll. The average, per-worker salary among lead mining and recycling companies is $82,600; the average, per-worker salary among lead battery manufacturers is $75,700.
Compared to many other private industry sectors, salaries in the lead battery industry are 36% higher for mining and recycling workers and 25% higher for manufacturing workers.
In addition to direct employees, the industry supports 37,400 supplier jobs in a variety of industries and an additional 45,720 jobs from worker spending in different sectors.
Collectively, the lead battery industry supports 121,000+ jobs.
Beyond job impact, 2021 data shows the lead battery industry annually contributes nearly:
These impacts underscore the lead battery industry’s substantial contribution to the U.S. economy.
The next stop on the Essential Energy Tour is at East Penn. They operates the largest single-site, lead battery manufacturing facility in...
Essential Energy Tour
December 19, 2023
Lead batteries will be the primary stored power source for these systems. Based upon our insights, we believe lead AGM – or absorbed glass mat batteries – will be the battery of choice for the next 20-plus years.
