New York, United States , July 19, 2024 (GLOBE NEWSWIRE) — The Global Cell to Pack Battery Market Size Expected to Grow from USD 18.35 Billion in 2023 to USD 75.93 Billion by 2033, at a CAGR of 15.26% during the forecast period 2023-2033.
Based on the battery form, the cell to pack battery market is categorized into prismatic, pouch, and cylindrical. Among these, the prismatic segment is expected to hold the largest share of the global cell to pack battery market during the anticipation timeframe. Since the inner layers of the anode, cathode, and separators are folded into a flattened spiral or cubic shape, prismatic cells provide a number of advantages over cylindrical type cells, including bigger size, increased energy density, and a more compact structure.Based on the technology, the cell to pack battery market is categorized into blade and LiSER. Among these, the blade segment is expected to grow at the fastest CAGR during the anticipation timeframe. By lowering the risk of thermal runaway and ensuring safer operation, blade batteries offer enhanced safety features.Based on the vehicle, the cell to pack battery market is categorized into passenger cars and commercial vehicles. Among these, the passenger cars segment is expected to hold a significant share of the cell to pack battery market during the anticipation timeframe. Increased energy storage capacity relative to weight or volume, enabling longer driving ranges for electric vehicles. Passenger automobiles equipped with CTP batteries can achieve competitive ranges that are either more than or equal to those of internal combustion engine vehicles.This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global cell to pack battery market based on the below-mentioned segments: 
(GlobeNewsWire)