Cylindrical LiFePO4 Battery Market

The United States Cylindrical LiFePO4 Battery market size was valued at US$ 567.8 million in 2024 and is projected to reach US$ 1.18 billion by 2030, at a CAGR of 13.0% during the forecast period 2024-2030.

Cylindrical LiFePO4 (Lithium Iron Phosphate) Batteries are lithium-ion batteries using an iron phosphate-based cathode in a cylindrical format, known for their safety, long cycle life, and thermal stability.

The US Cylindrical LiFePO4 Battery market is experiencing strong growth, driven by increasing adoption in energy storage, electric vehicles, and industrial applications. In 2023, total production capacity reached 5 GWh, with stationary energy storage applications accounting for 50% of market value. The market saw a 35% increase in demand for high-capacity cylindrical LiFePO4 cells in 2023, particularly for use in residential and commercial energy storage systems. Use in electric forklifts and material handling equipment is growing at 40% annually. The market is witnessing a trend towards larger format cells, with a 45% year-over-year increase in production of 32650 and 42120 LiFePO4 cells. Adoption in recreational vehicles and marine applications grew by 30% in 2023. Key manufacturers are focusing on developing cylindrical LiFePO4 batteries with improved energy density, with a 25% increase in R&D investments for advanced cathode materials and cell designs. The industry is also seeing increased interest in LiFePO4 as a replacement for lead-acid batteries in UPS systems and telecom backup power, with a 50% rise in sales for these applications.

Cylindrical LiFePO4 Battery Market contains market size and forecasts of Cylindrical LiFePO4 Battery in United States, including the following market information:

•    United States Cylindrical LiFePO4 Battery Market Revenue, 2019-2024, 2024-2030, ($ millions)

•    United States Cylindrical LiFePO4 Battery Market Sales, 2019-2024, 2024-2030,

•    United States Top five Cylindrical LiFePO4 Battery companies in 2023 (%)

Report Includes

Cylindrical LiFePO4 Battery Market presents an overview of United States market for Cylindrical LiFePO4 Battery , sales, revenue and price. Analyses of the United States market trends, with historic market revenue/sales data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.

Cylindrical LiFePO4 Battery Market focuses on the Cylindrical LiFePO4 Battery sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the United States Cylindrical LiFePO4 Battery market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues.

Cylindrical LiFePO4 Battery Market will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

Cylindrical LiFePO4 Battery Market analyzes the segments data by Type, and by Sales Channels, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Humidifier sales, projected growth trends, production technology, sales channels and end-user industry.

Segment by Type

•    14430

•    14650

•    17500

•    18650

•    18490

•    22650

•    26650

•    32650

Segment by Applications

•    Power Banks

•    Laptop Battery Packs

•    Electric Vehicles

•    Flashlights

•    Cordless Power Tools

•    Others

Key Companies covered in Cylindrical LiFePO4 Battery Market :

•    A123 Systems, LLC

•    K2 Energy Solutions

•    RELiON Battery

•    Bioenno Power

•    Lithion Battery Inc.

•    Power-Sonic Corporation

•    Battle Born Batteries

•    EnerSys

•    Electrochem