P-Type Battery Global Market Report 2026

P-type batteries are a type of lithium-ion cell used for energy storage. They feature a prismatic hard-case design that ensures efficient packaging and structural stability, maximizing energy density within a battery pack, enhancing vehicle range, and improving safety. P-type batteries offer a cost-effective and reliable power source for electric vehicles and support the transition to sustainable transportation.

The main types of P-type batteries are passivated emitter and rear cell (PERC) batteries and back surface field batteries. A PERC battery is a lithium iron phosphate (LiFePO4) cell design that improves energy density and efficiency by incorporating a passivation layer on the emitter and rear side, reducing electron recombination and enhancing overall performance. These batteries are available in form factors such as cylindrical cells, prismatic cells, pouch cells, and square cells, with capacities classified as low (up to 1,000 mAh), medium (1,000-10,000 mAh), and high (over 10,000 mAh). They are applied in consumer electronics, automotive, energy storage systems, and industrial applications, serving end users in residential, commercial, industrial, and government and defense sectors.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have influenced the p-type battery market by affecting the cost of raw materials and imported components, leading to increased production expenses. Automotive and energy storage system segments are most affected, particularly in regions such as North America, Europe, and Asia-Pacific, where imports are substantial. While tariffs have introduced cost pressures, they also encourage local manufacturing, innovation in cost-efficient battery designs, and diversification of supply chains, which can benefit the long-term market competitiveness.

The P-type battery market research report is one of a series of new reports from The Business Research Company that provides P-type battery market statistics, including P-type battery industry global market size, regional shares, competitors with a P-type battery market share, detailed P-type battery market segments, market trends and opportunities, and any further data you may need to thrive in the P-type battery industry. This P-type battery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The p-type battery market size has grown rapidly in recent years. It will grow from $2.45 billion in 2025 to $2.81 billion in 2026 at a compound annual growth rate (CAGR) of 15.0%. The growth in the historic period can be attributed to increasing demand for electric vehicles, advancements in lithium-ion battery technology, government incentives for ev adoption, rising fuel prices, growth of renewable energy integration.

The p-type battery market size is expected to see rapid growth in the next few years. It will grow to $4.88 billion in 2030 at a compound annual growth rate (CAGR) of 14.8%. The growth in the forecast period can be attributed to expansion of ev manufacturing infrastructure, development of next-generation battery chemistries, increasing adoption of energy storage systems, advancements in battery recycling technologies, global push for carbon neutrality. Major trends in the forecast period include high energy density battery packs, cost-effective ev power solutions, advanced thermal management systems, battery pack structural optimization, enhanced safety and reliability.

The rising demand for electric vehicles is expected to drive growth in the P-type battery market. Heightened environmental awareness among consumers and regulators is a key factor encouraging the shift to low-emission transportation, aligning individual purchasing decisions with sustainability goals and long-term policy objectives. P-type batteries enhance energy storage efficiency, charge retention, and overall vehicle performance, making them appealing to EV manufacturers. For example, in May 2025, the International Energy Agency, a France-based intergovernmental organization, reported that global electric vehicle sales rose from 17 million units in 2024 to over 20 million units in 2025. Consequently, the growing adoption of electric vehicles is fueling the P-type battery market.

Leading companies in the P-type battery market are focusing on innovations such as cell-to-pack architecture to improve energy density, reduce manufacturing costs, and provide EVs with longer ranges and greater affordability. Cell-to-pack architecture integrates cells directly into the battery pack, eliminating intermediate modules to maximize space utilization and reduce weight and component count. In January 2024, Molicel, a Taiwan-based lithium-ion battery manufacturer, introduced its INR-21700-P50B ultra-high-power cell at CES 2024. This high-nickel cylindrical cell delivers a 50A continuous discharge current and 4,500 mAh energy density, meeting performance demands for high-performance EVs. Through its partnership with McMurtry Automotive, Molicel is applying this technology to premium hypercars, demonstrating how advanced P-type battery solutions are enhancing power, efficiency, and market growth in the EV sector.

In June 2024, Amara Raja Advanced Cell Technologies Pvt. Ltd., an India-based battery manufacturer, partnered with GIB EnergyX Slovakia s.r.o. to license Gotion's LFP technology for prismatic and cylindrical lithium-ion cells. The partnership enables Amara Raja to produce high-quality LFP cells, strengthen its Gigafactory operations, and expand its presence in India's EV and energy storage markets. GIB EnergyX Slovakia s.r.o., a subsidiary of Gotion High-Tech Co. Ltd., is a China-based manufacturer specializing in lithium-ion batteries, primarily Lithium Iron Phosphate (LFP) cells utilizing P-type cathode materials.

Major companies operating in the p-type battery market are BYD Company Ltd., LG Energy Solution, Samsung SDI, SK On Co. Ltd., Panasonic Energy Co. Ltd., EVE Energy Co. Ltd., Gotion High-Tech, CALB (China Aviation Lithium Battery), SVOLT Energy Technology, Sunwoda Electronic Co. Ltd., Northvolt AB, A123 Systems LLC, Lithium Werks, Kore Power, Farasis Energy, Polinovel Group, LITHIUM STORAGE, Artek Energy / Li-Power, Maxvolt Energy Industries, Okaya Power Group, Waaree ESS

Asia-Pacific was the largest region in the p-type battery market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the p-type battery market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the p-type battery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The P-type battery market consists of sales of products such as prismatic LFP cells, short blade batteries, leading energy storage systems, and related battery pack solutions used primarily in electric vehicles and energy storage systems. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

P-Type Battery Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses p-type battery market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for p-type battery ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The p-type battery market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Lithium Iron Phosphate (LFP) P-Type Battery; Lithium Nickel Manganese Cobalt Oxide (NMC) P-Type Battery; Other Lithium-Ion P-Type Batteries
• 2) 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)
• 3) By Application: Automotive; Energy Storage Systems; Industrial Applications
• 4) By End-User: Residential; Commercial; Industrial
• Subsegments:
• 1) By Lithium Iron Phosphate (LFP) P-Type Battery: Standard LFP Prismatic Cells; High-Energy LFP Prismatic Cells; Short Blade LFP Cells; High-Safety LFP Cells
• 2) By Lithium Nickel Manganese Cobalt Oxide (NMC) P-Type Battery: Standard NMC Prismatic Cells; High-Energy NMC Prismatic Cells; Multi-Busbar NMC Cells; Automotive-Grade NMC Packs
• 3) By Other Lithium-Ion P-Type Batteries: Lithium Cobalt Oxide (LCO) P-Type Cells; Lithium Manganese Oxide (LMO) P-Type Cells; Lithium Nickel Cobalt Aluminum Oxide (NCA) P-Type Cells
• Companies Mentioned: BYD Company Ltd.; LG Energy Solution; Samsung SDI; SK On Co. Ltd.; Panasonic Energy Co. Ltd.; EVE Energy Co. Ltd.; Gotion High-Tech; CALB (China Aviation Lithium Battery); SVOLT Energy Technology; Sunwoda Electronic Co. Ltd.; Northvolt AB; A123 Systems LLC; Lithium Werks; Kore Power; Farasis Energy; Polinovel Group; LITHIUM STORAGE; Artek Energy / Li-Power; Maxvolt Energy Industries; Okaya Power Group; Waaree ESS
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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