Global Cylindrical Lithium-Ion Battery Market 2024-2028
The cylindrical lithium-ion battery market is forecasted to grow by USD 11613.1 mn during 2023-2028, accelerating at a CAGR of 6.59% during the forecast period. The report on the cylindrical lithium-ion battery market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by shift in the automotive industry to evs, increase in demand for power banks and charging systems, and increasing use of e-cigarettes.
Technavio's cylindrical lithium-ion battery market is segmented as below:
ByApplication
- Automotive
- Industrial
- Others
ByType
- Lithium nickel manganese cobalt
- Lithium titanate
- Lithium iron phosphate
- Lithium cobalt oxide
ByGeography
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the revisions in lithium-ion battery safety standards as one of the prime reasons driving the cylindrical lithium-ion battery market growth during the next few years. Also, advances in cylindrical lithium-ion battery capacity and rise in battery recycling initiatives will lead to sizable demand in the market.
The report on the cylindrical lithium-ion battery market covers the following areas:
- Cylindrical lithium-ion battery market sizing
- Cylindrical lithium-ion battery market forecast
- Cylindrical lithium-ion battery market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cylindrical lithium-ion battery market vendors that include Altertek Ltd., BorgWarner Inc., E One Moli Energy Corp., EVE Energy Co. Ltd., Hitachi Ltd., LG Corp., Lithion Power Group Ltd., Lithium Werks, Murata Manufacturing Co. Ltd., Nanograf Corp., Northvolt AB, OptimumNano Energy Co. Ltd., Panasonic Holdings Corp., PowerTech Systems, Samsung Electronics Co. Ltd., Sony Group Corp., Tesla Inc., The Duracell Co., TotalEnergies SE, and VARTA AG. Also, the cylindrical lithium-ion battery market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.