P-Type Battery Market CAGR to be at 14.8% from 2025 to 2029 | $4.25 Billion Industry Revenue by 2029

The Business Research Company

The Business Research Company's P-Type Battery Market CAGR to be at 14.8% from 2025 to 2029 | $4.25 Billion Industry Revenue by 2029

Expected to grow to $4.26 billion in 2029 at a compound annual growth rate (CAGR) of 14.8%”

— The Business Research Company

LONDON, GREATER LONDON, UNITED KINGDOM, October 30, 2025 /EINPresswire.com/ -- "Get 20% Off All Global Market Reports With Code ONLINE20 – Stay Ahead Of Trade Shifts, Macroeconomic Trends, And Industry Disruptors

What Is The Projected Market Size & Growth Rate Of The P-Type Battery Market?
The market size for p-type batteries has seen swift expansion in recent times. The market growth is poised to surge from $2.12 billion in 2024 to $2.45 billion in 2025, presenting a compound annual growth rate (CAGR) of 15.1%. The surge during the historical phase can be justified through factors such as the broadening acceptance of consumer electronics, escalating requirement for electric vehicles, expanding investments in storage for renewable energy, the growing necessity for high-performing power tools and an uptake in the usage of smart grid technologies.

The market for p-type batteries is set to experience a significant surge in the coming years, projected to reach a value of $4.26 billion in 2029, with a compound annual growth rate (CAGR) of 14.8%. This prospective growth during the forecast period is credited to factors such as the escalating demand for cost-effective electric vehicles, an increase in the rollout of energy storage systems, enhanced investment in battery gigafactories, a rising inclination towards high-energy-density batteries, and growing government aid for green energy. Foreseen trends within this period entail advancements in solid-state battery technology, evolution of cell-to-pack structure, innovations in lithium iron phosphate compositions, progressive developments in silicon-based anode materials, and the emergence of sodium-ion battery alternatives.

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What Is The Crucial Factor Driving The Global P-Type Battery Market?
The upsurge in electric vehicle demand is set to fuel the expansion of the P-type battery market. Elevated awareness of environmental issues among consumers and regulatory bodies is a key influence in this increased demand for electric vehicles, prompting a shift towards less polluting transport solutions. This aligns personal buying choices with wider sustainability goals and policy ambitions for the long term. P-type batteries enhance energy storage effectiveness, charge retention, and overall car performance, thus appealing to EV makers. For instance, the International Energy Agency (IEA), a self-governing intergovernmental organization based in France, reported in May 2025 that worldwide electric vehicle sales rose from 17 million units in 2024 to surpass 20 million units in 2025. Consequently, the rising demand for electric vehicles is stimulating the P-type battery market's expansion.

Who Are The Emerging Players In The P-Type Battery Market?
Major players in the P-Type Battery Global Market Report 2025 include:

• SK On Co. Ltd.
• BYD Company Ltd
• Contemporary Amperex Technology Co. Limited
• LG Energy Solution
• SAMSUNG SDI
• EVE Energy Co. Ltd.
• Northvolt AB
• Solargiga Energy Holdings Limited
• A123 Systems LLC
• Qcells

What Are The Key Trends Shaping The P-Type Battery Industry?
Prominent businesses in the P-type battery market are concentrating on technology improvements, among them being cell-to-pack architecture, with the aim to boost energy density, decrease production costs, and offer longer driving ranges and enhanced affordability for electric cars. This novel battery production and designing technique gets rid of auxiliary modules, incorporating cells directly into the battery pack in order to optimize space use and minimize weight and component count. For example, Molicel, a lithium-ion battery producer from Taiwan, debuted its INR-21700-P50B ultra-high-power cell at CES 2024 in January of that year. Its high-nickel cylindrical cell yields a continuous discharge current of 50A and an energy density of 4,500 mAh, meeting the performance requirements of high-performance electric vehicles. In partnership with McMurtry Automotive, Molicel uses this innovation in high-end hypercars, exemplifying how evolved P-type battery technologies are influencing power, efficiency, and market growth in the electric vehicle field.

What Segments Are Covered In The P-Type Battery Market Report?
The P-type battery market covered in this report is segmented as

1) By Type: Passivated Emitter and Rear Cell (PERC) Battery, Back Surface Field Battery
2) By Form Factor: Cylindrical Batteries, Prismatic Batteries, Pouch Cells, Square Cells
3) By Capacity Range: Low Capacity (up to 1,000 mAh), Medium Capacity (1,000 mAh to 10,000 mAh), High Capacity (over 10,000 mAh)
4) By Application: Consumer Electronics, Automotive, Energy Storage Systems, Industrial Applications
5) By End-User: Residential, Commercial, Industrial, Government And Defense

Subsegments:
1) By Passivated Emitter And Rear Cell Battery: Monofacial Cells, Bifacial Cells, Half Cut Cells, Multi Busbar Cells, Tandem Cells
2) By Back Surface Field Battery: Monocrystalline Silicon Cells, Polycrystalline Silicon Cells, Bifacial Cells, Half Cut Cells, Multi Busbar Cells

View the full p-type battery market report:
https://www.thebusinessresearchcompany.com/report/p-type-battery-global-market-report

Which Region Is Projected To Hold The Largest Market Share In The Global P-Type Battery Market?
In the P-Type Battery Global Market Report for 2025, Asia-Pacific held the leading position in the previous year and is also anticipated to experience the most rapid growth in the forecast period. The report includes comprehensive coverage of the regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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