Actionable Insights into the North America Cylindrical Lithium Ion Battery Market: Opportunities and Future Trends
The North America cylindrical lithium-ion battery market is driven by rising electric vehicle adoption, supported by government incentives and demand for consumer electronics and renewable energy storage. Key opportunities lie in EV growth, driven by automakers' preference for cylindrical formats due to their energy density and compatibility.
North American Cylindrical Lithium Ion Battery Market
Dublin, June 05, 2025 (GLOBE NEWSWIRE) -- The "North America Cylindrical Lithium Ion Battery Market, By Country, Competition, Forecast & Opportunities, 2020-2030F" has been added to ResearchAndMarkets.com's offering.
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, rising at a CAGR of 17.64%.
This market encompasses the development, distribution, and application of cylindrical lithium ion batteries, which are recognized for their compact cylindrical shape, high energy density, durability, and consistent performance. These batteries are extensively used in electric vehicles, consumer electronics, power tools, medical devices, and renewable energy storage applications.
The market is expanding rapidly, fueled by increasing electric vehicle adoption across the United States and Canada, where cylindrical formats are preferred for their longevity and energy capacity. Supportive government incentives for clean energy and emission reduction are accelerating this trend. Simultaneously, the continued proliferation of laptops, smartphones, and wearable technology is sustaining battery demand.
Additionally, growing solar and wind power installations require efficient energy storage, reinforcing the role of cylindrical lithium ion batteries. Advances in battery chemistry, safety, and manufacturing have improved performance and affordability. North America's strong R&D ecosystem and presence of leading players support ongoing innovation and investment, aligning with the region's push toward sustainable energy and transportation solutions.
Key Market Drivers
Rapid Growth in Electric Vehicle Adoption
The swift rise in electric vehicle adoption across North America is a primary driver fueling demand for cylindrical lithium ion batteries. As environmental regulations intensify and consumers increasingly prefer sustainable mobility, the transition from internal combustion engines to electric vehicles accelerates. Cylindrical batteries are favored for EVs due to their high energy density, robust safety characteristics, and extended cycle life, all of which contribute to enhanced vehicle range and operational efficiency.
Automakers are embracing this format to meet growing market demand, leveraging its compatibility with thermal management systems and scalable production. Incentive programs like tax credits and clean energy mandates in the U.S. and Canada further stimulate EV sales. Major automakers such as General Motors and Ford are scaling EV production, leading to a surge in battery demand. This growth is paralleled by the expansion of battery manufacturing facilities and technological upgrades.
By 2025, EV sales in North America are projected to exceed 2 million units annually, correlating with a 35% increase in cylindrical lithium ion battery production, solidifying this segment as a key enabler of the region's energy transition.
Key Market Challenges
Raw Material Supply Constraints and Price Volatility
The availability and cost of essential raw materials present a significant challenge to the North America cylindrical lithium ion battery market. Batteries rely on key materials such as lithium, cobalt, nickel, and graphite, many of which are mined in geopolitically sensitive or environmentally constrained regions. This global dependence exposes the supply chain to risks including trade restrictions, regulatory changes, and logistics disruptions. Price volatility in these materials can severely impact manufacturing margins and scalability.
Moreover, the environmental and ethical concerns associated with mining activities have prompted tighter sustainability regulations and growing demand for transparent sourcing. As battery producers face increasing competition from other high-growth sectors like electric vehicles and consumer electronics, raw material procurement becomes even more complex. The need for sustainable practices and supply diversification adds to operational costs and could impede capacity expansion, posing a barrier to consistent growth in the cylindrical lithium ion battery segment.
Key Market Trends
Increasing Adoption of Electric Vehicles Driving Demand for Cylindrical Lithium Ion Batteries
A major trend shaping the North America cylindrical lithium ion battery market is the growing preference for this battery type among electric vehicle manufacturers. Automakers are gravitating toward cylindrical cells due to their compact size, superior energy density, and easier thermal regulation, which allow for optimized vehicle design and performance.
Regulatory mandates to reduce carbon emissions, coupled with consumer demand for clean energy vehicles, are prompting increased investment in EVs and supporting battery innovation. Government funding for EV adoption and charging infrastructure further enhances the viability of cylindrical lithium ion batteries. Their modularity and manufacturing efficiency make them ideal for mass production and integration into various EV models. As EV deployment accelerates, cylindrical batteries are expected to play a central role in ensuring energy efficiency, safety, and performance across the automotive sector.
Key Market Players
Panasonic Corporation
Samsung SDI Co., Ltd.
LG Energy Solution Ltd.
Murata Manufacturing Co., Ltd.
Hitachi, Ltd.
Toshiba Corporation
BYD Company Limited
Sony Group Corporation
Key Attributes:
Report Attribute
Details
No. of Pages
120
Forecast Period
2024 - 2030
Estimated Market Value (USD) in 2024
$3.72 Billion
Forecasted Market Value (USD) by 2030
$9.86 Billion
Compound Annual Growth Rate
17.6%
Regions Covered
North America
Report Scope:
In this report, the North America Cylindrical Lithium Ion Battery Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
North America Cylindrical Lithium Ion Battery Market, By Type:
Lithium Iron Phosphate
Lithium Cobaltate
Lithium Manganate
Cobalt-Manganese
Others
North America Cylindrical Lithium Ion Battery Market, 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
North America Cylindrical Lithium Ion Battery Market, By End-Use:
Consumer Electronics
Automotive
Telecommunication
Aerospace
Energy Systems
Others
North America Cylindrical Lithium Ion Battery Market, By Country:
United States
Canada
Mexico
For more information about this report visit https://www.researchandmarkets.com/r/3qh8lp
About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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North American Cylindrical Lithium Ion Battery Market
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