North America Cylindrical Lithium Ion Battery Market is Expected to grow at a robust CAGR of 17.64% through 2030F
The
North America cylindrical lithium ion battery market is expected to be led by
the United States, driven by the rising demand for electric vehicles, during
the forecast period 2026-2030F.
According
to TechSci Research report, “North
America Cylindrical Lithium Ion Battery Market – By Country, Competition,
Forecast & Opportunities, 2020-2030F, The North America Cylindrical
Lithium Ion Battery Market was valued at USD 3.72 Billion in 2024 and is
expected to reach USD 9.86 Billion by 2030 with a CAGR of 17.64% during the
forecast period.
The
industrial and medical sectors in North America are increasingly adopting
cylindrical lithium ion batteries, contributing to market growth. Industrial
applications such as power tools, robotics, and automation systems require
batteries that can deliver high power output, durability, and safety under
demanding conditions. Cylindrical lithium ion batteries are favored due to
their robustness, ease of integration, and superior energy storage capacity.
The rise of Industry 4.0 and smart manufacturing further expands the demand for
advanced battery-powered equipment that enhances operational efficiency and
productivity.
In
the medical field, portable diagnostic devices, implantable medical devices,
and emergency power backup systems rely heavily on reliable, long-lasting
batteries. Cylindrical lithium ion batteries offer the necessary safety and
performance standards demanded by healthcare applications, facilitating the
development of compact, wearable, and implantable medical technologies. With an
aging population and increased healthcare spending in North America, the demand
for advanced battery-powered medical equipment is growing steadily. This trend
underpins a sustained increase in the adoption of cylindrical lithium ion
batteries in the medical sector.
The
expansion of energy storage systems utilizing cylindrical lithium ion batteries
is a prominent trend influencing the North America market landscape. With the
growing integration of renewable energy sources such as solar and wind into the
electricity grid, there is a rising demand for efficient energy storage
solutions to balance supply and demand and enhance grid stability.
Cylindrical
lithium ion batteries are increasingly preferred in energy storage applications
due to their robustness, scalability, and cost-effectiveness. Utilities and
independent power producers are investing heavily in large-scale battery energy
storage projects that leverage cylindrical lithium ion cells for their superior
thermal management and safety profiles. Moreover, these batteries are also
gaining traction in residential and commercial energy storage systems,
facilitating energy independence and peak shaving. The market expansion in this
segment is supported by government incentives promoting clean energy and
storage infrastructure, along with declining costs of lithium ion battery
technologies.
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Based on End-Use, The
automotive segment is recognized as the fastest growing end-use category in the
North America cylindrical lithium ion battery market. This rapid growth is
primarily driven by the accelerating adoption of electric vehicles across the
region, fueled by stringent government regulations aimed at reducing carbon
emissions and promoting sustainable transportation. Automotive manufacturers
are increasingly investing in electric vehicle technology, resulting in
heightened demand for high-performance cylindrical lithium ion batteries that
offer improved energy density, longer life cycles, and faster charging
capabilities.
In
addition, advancements in battery technology are enabling automakers to develop
vehicles with extended driving ranges, which addresses consumer concerns
regarding range anxiety. The rising popularity of hybrid electric vehicles
further contributes to the growing demand for cylindrical lithium ion
batteries. Infrastructure development, including the expansion of charging
networks, is also supporting this market segment’s growth by making electric
vehicles more accessible to a broader audience.
The
automotive industry’s focus on lightweight components to improve fuel
efficiency has made cylindrical lithium ion batteries an attractive choice due
to their favorable power-to-weight ratio. Major automakers are forming
strategic partnerships with battery manufacturers to secure a reliable supply
of these batteries, ensuring scalability to meet increasing production targets.
As a result, the automotive end-use segment is expected to maintain its
position as the fastest growing driver of the cylindrical lithium ion battery
market throughout the forecast period.
Based
on country, Mexico is rapidly emerging as the fastest-growing country in the
North America cylindrical lithium ion battery market due to its strategic
geographical location, favorable government policies, and increasing
investments in the electric vehicle manufacturing sector. The country’s
proximity to the United States and Canada makes it an attractive manufacturing
hub for battery producers aiming to serve the North American market
efficiently. Additionally, Mexico offers competitive labor costs and has been
improving its infrastructure, which further encourages the establishment of
battery production facilities.
Several
global automakers and battery manufacturers are expanding or setting up new
plants in Mexico, driven by the rising demand for electric vehicles and energy
storage solutions. The Mexican government’s incentives and focus on clean
energy development have also bolstered the industry’s growth. As a result,
Mexico is expected to witness a substantial increase in cylindrical lithium ion
battery production capacity, reinforcing its position as a key player in the
regional market during the forecast period.
Key
market players in the North America Cylindrical Lithium Ion Battery market are: -
- Panasonic
Corporation
- Samsung
SDI Co., Ltd.
- LG
Energy Solution Ltd.
- Murata
Manufacturing Co., Ltd.
- Hitachi,
Ltd.
- Toshiba
Corporation
- BYD
Company Limited
- Sony
Group Corporation
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“The
North America Cylindrical Lithium Ion Battery Market is set for robust growth
in the future, driven primarily by the rapid expansion of electric vehicle
adoption and increasing demand for renewable energy storage solutions.
Technological advancements are improving battery efficiency, energy density,
and charging speed, making these batteries more suitable for diverse
applications. Supportive government policies aimed at reducing carbon emissions
and promoting clean energy further accelerate market growth. Growing
investments in battery manufacturing infrastructure and strategic
collaborations among industry players are enhancing production capacities.
These factors collectively position the North America cylindrical lithium ion
battery market for sustained growth over the coming years.” said Mr. Karan
Chechi, Research Director of TechSci Research, a research-based Global
management consulting firm.
“North America Cylindrical Lithium Ion Battery
Market By Type (Lithium Iron Phosphate, Lithium Cobaltate, Lithium Manganate,
Cobalt-Manganese, Others), By Capacity (Up to 350 mAh, 350-500 mAh, 500-700
mAh, 700-900 mAh, 900-1,200 mAh, 1,200-3,400 mAh, More than 3,400 mAh), By
End-Use (Consumer Electronics, Automotive, Telecommunication, Aerospace, Energy
Systems, Others), By Country, Competition, Forecast and Opportunities,
2020-2030F,” has
evaluated the future growth potential of North America Cylindrical Lithium Ion
Battery Market and provides statistics & information on market size,
structure, and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in North America Cylindrical
Lithium Ion Battery Market.
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