On : 24 January 2025
• The United States Prismatic Cell market size was valued at US$ 4.23 billion in 2024 and is projected to reach US$ 8.15 billion by 2030, at a CAGR of 11.5% during the forecast period 2024-2030.
Report Studies
• The US Prismatic Cell market is growing rapidly, driven by increasing demand in electric vehicles, consumer electronics, and energy storage systems. In 2023, total production capacity reached 35 GWh, with electric vehicle applications accounting for 60% of market value. The market saw a 30% increase in demand for large-format prismatic cells in 2023, particularly for use in electric vehicles and stationary energy storage. Use in smartphones and tablets is growing at 15% annually. The market is witnessing a trend towards higher energy density formulations, with a 25% year-overyear increase in the average energy density of prismatic cells. Adoption in commercial electric vehicles grew by 40% in 2023. Leading manufacturers are focusing on developing prismatic cells with improved fast-charging capabilities, with a 45% increase in R&D investments for advanced electrode designs and electrolyte formulations. The industry is also seeing increased integration of smart features, with a 50% rise in prismatic cells equipped with built-in sensors for real-time monitoring and diagnostics. The market is benefiting from significant investments in domestic production, with a 55% increase in US-based prismatic cell manufacturing capacity announced in 2023.
