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

The North America cylindrical lithium-ion battery market is experiencing significant growth, driven by the increasing adoption of electric vehicles (EVs), supported by government incentives, and rising demand for consumer electronics and renewable energy storage. Notable opportunities exist in the EV sector, as automakers favor cylindrical battery formats for their energy density and compatibility.

On June 5, 2025, Research and Markets announced the addition of the report titled “North America Cylindrical Lithium Ion Battery Market, By Country, Competition, Forecast & Opportunities, 2020-2030F” to their offerings. The 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 known for their compact shape, high energy density, durability, and reliable performance. These batteries are widely used in various applications, including electric vehicles, consumer electronics, power tools, medical devices, and renewable energy storage.

The rapid expansion of the market is largely attributed to the increasing adoption of electric vehicles in the United States and Canada, where cylindrical formats are preferred due to their longevity and energy capacity. Government incentives aimed at promoting clean energy and reducing emissions are contributing to this upward trend. Additionally, the ongoing proliferation of laptops, smartphones, and wearable technology continues to drive demand for batteries. The growing installation of solar and wind power systems also necessitates efficient energy storage, further enhancing the role of cylindrical lithium-ion batteries. Advances in battery chemistry, safety, and manufacturing processes have improved both performance and affordability. North America’s robust research and development ecosystem and the presence of leading manufacturers are fostering continuous 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 primary factor driving demand for cylindrical lithium-ion batteries. As environmental regulations become more stringent and consumers seek sustainable mobility options, the shift from internal combustion engines to electric vehicles is accelerating. Cylindrical batteries are preferred for EVs due to their high energy density, strong safety features, and extended cycle life, all of which enhance vehicle range and operational efficiency. Automakers are adopting this format to meet the growing market demand, benefiting from 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. Major automakers, including General Motors and Ford, are ramping up EV production, leading to a surge in battery demand. By 2025, EV sales in North America are expected to exceed 2 million units annually, correlating with a 35% increase in cylindrical lithium-ion battery production, solidifying this segment as a key driver 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 to the North America cylindrical lithium-ion battery market. Key materials such as lithium, cobalt, nickel, and graphite, which are crucial for battery production, are often sourced from geopolitically sensitive or environmentally regulated regions. This global reliance exposes the supply chain to risks including trade restrictions, regulatory changes, and logistics disruptions. Price fluctuations in these materials can severely impact manufacturing margins and scalability. Additionally, environmental and ethical concerns surrounding mining activities have led to stricter sustainability regulations and a growing demand for transparent sourcing practices. As battery producers face rising competition from other high-growth sectors, such as electric vehicles and consumer electronics, raw material procurement becomes increasingly complex. The need for sustainable practices and supply diversification adds to operational costs and could hinder capacity expansion, creating barriers to consistent growth in the cylindrical lithium-ion battery market.

### 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 opting for cylindrical cells due to their compact size, superior energy density, and improved thermal regulation, which facilitate optimal vehicle design and performance. Regulatory mandates aimed at reducing carbon emissions, alongside consumer demand for clean energy vehicles, are prompting greater investment in EVs and supporting battery innovation. Government funding for EV adoption and charging infrastructure enhances the viability of cylindrical lithium-ion batteries. Their modularity and manufacturing efficiency make them well-suited for mass production and integration into various EV models. As the deployment of electric vehicles accelerates, cylindrical batteries are expected to play a crucial 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 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
This report segments the North America Cylindrical Lithium Ion Battery Market into the following categories, along with detailed industry trends:
– **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:**
– United States
– Canada
– Mexico

For further information about this report, visit [ResearchAndMarkets.com](https://www.researchandmarkets.com/r/3qh8lp). ResearchAndMarkets.com is the world’s leading source for international market research reports and market data, providing the latest data on global and regional markets, key industries, top companies, new products, and emerging trends.