North America Cylindrical Lithium-Ion Battery Market: Growth, Opportunities, and Future Trends Through 2030

The North America Cylindrical Lithium-Ion Battery Market: Opportunities and Future Trends

The North America cylindrical lithium-ion battery market is experiencing significant growth, driven by the rising adoption of electric vehicles (EVs), government incentives, and the increasing demand for consumer electronics and renewable energy storage solutions. The market presents key opportunities, particularly in the realm of EVs, where automakers favor cylindrical battery formats due to their high energy density and compatibility with various applications.

As reported by Research and Markets on June 5, 2025, the North America Cylindrical Lithium-Ion Battery Market was valued at USD 3.72 billion in 2024 and is projected to reach USD 9.86 billion by 2030, growing at a compound annual growth rate (CAGR) of 17.64%. This market encompasses the development, distribution, and application of cylindrical lithium-ion batteries, which are recognized for their compact shape, high energy density, durability, and consistent performance. These batteries find extensive use in electric vehicles, consumer electronics, power tools, medical devices, and renewable energy storage.

The rapid expansion of this market is primarily fueled by the increasing adoption of electric vehicles in the United States and Canada. Cylindrical batteries are preferred for their longevity and energy capacity, while supportive government incentives for clean energy and emission reductions further accelerate this trend. Furthermore, the ongoing proliferation of laptops, smartphones, and wearable technology continues to sustain battery demand. The growing installations of solar and wind power also require efficient energy storage solutions, reinforcing the role of cylindrical lithium-ion batteries.

Technological advances in battery chemistry, safety, and manufacturing processes have led to improvements in performance and affordability. North America’s robust research and development ecosystem, along with the presence of leading industry players, supports ongoing innovation and investment, aligning with the region’s commitment to 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 key factor driving the demand for cylindrical lithium-ion batteries. As environmental regulations tighten and consumers increasingly opt for sustainable mobility, the transition from internal combustion engines to electric vehicles accelerates. Cylindrical batteries are favored for EVs due to their high energy density, excellent safety characteristics, and extended cycle life, all of which enhance vehicle range and operational efficiency. Major automakers are adopting this format to meet growing market demand, leveraging its compatibility with thermal management systems and scalable production. Incentive programs, such as tax credits and clean energy mandates in the U.S. and Canada, further stimulate EV sales. Companies like General Motors and Ford are ramping up EV production, resulting in a surge in battery demand. By 2025, annual EV sales in North America are projected to exceed 2 million units, corresponding with a 35% increase in cylindrical lithium-ion battery production, solidifying this segment as a crucial component of the region’s energy transition.

### Key Market Challenges

**Raw Material Supply Constraints and Price Volatility**
The availability and cost of essential raw materials pose significant challenges for the North America cylindrical lithium-ion battery market. Batteries rely on critical materials such as lithium, cobalt, nickel, and graphite, many of which are sourced from geopolitically sensitive or environmentally constrained regions. This global dependency exposes the supply chain to risks, including trade restrictions, regulatory changes, and logistics disruptions. Price volatility of these materials can severely affect manufacturing margins and scalability. Additionally, environmental and ethical concerns surrounding mining activities have led to stricter sustainability regulations and an increasing demand for transparent sourcing. As battery producers face competition from other high-growth sectors, such as electric vehicles and consumer electronics, procuring raw materials becomes even more complex. The need for sustainable practices and supply diversification adds to operational costs and could hinder capacity expansion, presenting 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 significant trend influencing the North America cylindrical lithium-ion battery market is the growing preference for this battery type among electric vehicle manufacturers. Automakers are increasingly gravitating toward cylindrical cells due to their compact size, superior energy density, and easier thermal regulation, which facilitate optimized vehicle design and performance. Regulatory mandates aimed at reducing 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 position them as ideal candidates for mass production and integration into various EV models. As EV deployment accelerates, cylindrical batteries are likely 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

### Report Attributes

– **Number of Pages**: 120
– **Forecast Period**: 2024 – 2030
– **Estimated Market Value in 2024**: USD 3.72 billion
– **Forecasted Market Value by 2030**: USD 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, alongside detailed industry trends:

1. **By Type**:
– Lithium Iron Phosphate
– Lithium Cobaltate
– Lithium Manganate
– Cobalt-Manganese
– Others

2. **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

3. **By End-Use**:
– Consumer Electronics
– Automotive
– Telecommunication
– Aerospace
– Energy Systems
– Others

4. **By Country**:
– United States
– Canada
– Mexico

For further information about this report, visit [Research and Markets](https://www.researchandmarkets.com/r/3qh8lp).

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