Global Cylindrical Lithium-Ion Battery Market by Type (Cobalt-Manganese Mixture, Lithium Cobaltate, Lithium Iron Phosphate), Voltage (3.2 V, 3.6 V, 3.7 V), Battery Size, Application - Forecast 2024-2030

The Cylindrical Lithium-Ion Battery Market size was estimated at USD 26.38 billion in 2023, USD 28.92 billion in 2024, and is expected to grow at a CAGR of 10.41% to reach USD 52.78 billion by 2030.

A cylindrical lithium-ion battery is a type of lithium-ion battery with a cylindrical shape using a metal can as its packaging material. Cylindrical lithium batteries feature electrodes encased in a cylindrical cell, a specially designed metal casing. The casing, cap, cathode, anode, separator, electrolyte, PTC element, gasket, and safety valve are all components of a standard cylindrical battery. Even under the harshest use conditions, the electrode material within is less likely to fragment due to its distinctive construction. The voltage and overall capacity of the battery pack are increased by combining and operating several cells in parallel on the inside of a cylindrical battery. The round shape of the battery helps the cell withstand a higher degree of internal pressure without deforming since side reactions' internal pressure is evenly distributed across the cell's circumference. Numerous types of cylindrical lithium batteries are now available due to advances in lithium battery technology. The proliferating use of consumer electronics and the surging need for medical devices drive the growth of the cylindrical lithium-ion battery market. However, the fluctuating cost of raw materials, limited availability of essential components, and associated explosion risk may hinder the adoption rate. Nevertheless, the emerging novel cylindrical Li-ion battery with advanced features and promising government norms for e-bikes may create a lucrative spectrum for market growth.

Regional Insights

The APAC region has emerged as one of the key markets for cylindrical lithium-ion batteries due to the presence of major manufacturers and rising government investments in renewable energy sources. Moreover, countries including China and Japan are some of the leading producers of cylindrical lithium-ion batteries, attributed to the increased availability of raw materials and strong presence in the automotive industry, fueling growth for this product type. On the other hand, the cylindrical lithium-ion battery market in the Americas is largely driven by industrial and consumer demand. In the United States, the need for cylindrical lithium-ion batteries is expected to experience high growth over the coming years due to surging demand from various applications, including medical devices, consumer electronics, and automotive. The EMEA region is a major contributor to the global cylindrical lithium-ion battery market as it houses some leading countries such as Germany, France, Italy, and Spain. These countries have been consistently investing in research and development activities related to energy storage technologies, enabling them to produce various advanced products, such as rechargeable cells and custom batteries. Additionally, increasing demand from multiple applications, including consumer electronics and electric vehicles, is projected to drive growth in this region over the forecast period.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Cylindrical Lithium-Ion Battery Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Cylindrical Lithium-Ion Battery Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Cylindrical Lithium-Ion Battery Market, highlighting leading vendors and their innovative profiles. These include BorgWarner Inc., Contemporary Amperex Technology Co., Limited, Customcells Itzehoe GmbH, Dongguan CHAM Battery Technology Co., Ltd, EAS Batteries GmbH, Enpower Greentech Inc., Envision Energy USA Limited, EVE Energy Co., Ltd., Flux Power, Inc., Hitachi Ltd., Jiangsu Tenpower Lithium Co., Ltd., Johnson Controls International PLC, LG Chem, Ltd., Murata Manufacturing Co., Ltd., OptimumNano Energy Co.,Ltd., Padre Electronics Co.,Limited, Panasonic Holding Corporation, Saft Groupe SAS, Samsung SDI Co., Ltd., Shanghai DLG Power Battery Co., Ltd., Shanghai Electric Gotion New Energy Technology Co., Ltd., Shenzhen BAK Battery Co., Ltd., Sony Corporation, Tadiran Batteries GmbH, Tianjin Lishen Battery Joint-Stock Co., Ltd., and Ultralife Corporation.

Market Segmentation & Coverage

This research report categorizes the Cylindrical Lithium-Ion Battery Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Type
  • Cobalt-Manganese Mixture
  • Lithium Cobaltate
  • Lithium Iron Phosphate
  • Lithium Manganate
  • Ternary Lithium Batteries
• Voltage
  • 3.2 V
  • 3.6 V
  • 3.7 V
• Battery Size
  • 10440 battery
  • 14500 battery
  • 16340 battery
  • 21700 battery
  • 26650 battery
  • 32650 battery
  • 40135 battery
• Application
  • Electric Vehicles
  • Energy Storage Systems
  • Industiral Equipment
  • Medical Equipment
  • Portable Electronics
  • Power Tools
  • Unmanned Aerial Vehicle

• Region
  • Americas
    • Argentina
    • Brazil
    • Canada
    • Mexico
    • United States
      • California
      • Florida
      • Illinois
      • New York
      • Ohio
      • Pennsylvania
      • Texas
  • Asia-Pacific
    • Australia
    • China
    • India
    • Indonesia
    • Japan
    • Malaysia
    • Philippines
    • Singapore
    • South Korea
    • Taiwan
    • Thailand
    • Vietnam
  • Europe, Middle East & Africa
    • Denmark
    • Egypt
    • Finland
    • France
    • Germany
    • Israel
    • Italy
    • Netherlands
    • Nigeria
    • Norway
    • Poland
    • Qatar
    • Russia
    • Saudi Arabia
    • South Africa
    • Spain
    • Sweden
    • Switzerland
    • Turkey
    • United Arab Emirates
    • United Kingdom

The report offers valuable insights on the following aspects

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as

1. What is the market size and forecast of the Cylindrical Lithium-Ion Battery Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Cylindrical Lithium-Ion Battery Market?
3. What are the technology trends and regulatory frameworks in the Cylindrical Lithium-Ion Battery Market?
4. What is the market share of the leading vendors in the Cylindrical Lithium-Ion Battery Market?
5. Which modes and strategic moves are suitable for entering the Cylindrical Lithium-Ion Battery Market?

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