Global Cylindrical Lithium Ion Battery Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Cylindrical Lithium Ion Battery Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A lithium-ion battery is an energy storage device providing electrical energy by using chemical reactions. Cylindrical lithium Ion batteries, as the name suggests, feature electrodes that are encased in a cylindrical cell that is wound very tightly within a specially designed metal casing. This unique makeup helps to minimize the chances that the electrode material inside will break up, even under the heaviest of use conditions.

Issues like mechanical vibrations, thermal cycling from charging and discharging, and the mechanical expansion of current conductors are all things that can affect a battery's lifespan. Therefore, the design of these cylindrical units is intended to help mitigate risk from these and other factors as much as possible.

On the inside of a cylindrical battery, a series of cells are combined and operate in parallel to one another. This is done to help increase both the voltage and the overall capacity of the battery pack.

Market Overview:

The latest research study on the global Cylindrical Lithium Ion Battery market finds that the global Cylindrical Lithium Ion Battery market reached a value of USD 20759.79 million in 2022. It’s expected that the market will achieve USD 85878.15 million by 2028, exhibiting a CAGR of 26.7% during the forecast period.

Market risk

The impact of the epidemic on the global new energy vehicle market may cause the global new energy electric vehicle market demand to fall short of expectations, and the penetration rate of new energy vehicles in Europe to fall short of expectations, which will have a certain impact on the market expansion plan.

In addition, from a global perspective, European and American countries are increasing their financial and tax support for new energy vehicles, but China's new energy vehicle purchase subsidies, purchase tax reduction and exemption policies are about to withdraw. It is expected that this will also have a certain impact on the market.

The Influence of Marginal Politics on the Industrial Chain of Cylindrical Lithium Ion Battery

In terms of raw materials, it is expected that the supply of upstream raw materials, such as nickel and lithium, will tighten in the next few years, and the upgrading of Russia and Ukraine will pose further supply-driven upward risks to basic metals. In addition, given that Russia accounts for 5-7% of the global supply of each metal, after the recent geopolitical tension, upstream raw materials are vulnerable to the potential risk of Russian supply interruption.

In addition, in the battery assembly, the supply of negative electrode and positive electrode materials is more restricted. Although nickel anode suppliers have announced full expansion to alleviate the tight supply by 2025, the expansion of anode capacity announced so far has failed to meet the demand growth.

Geographically, China has dominated the supply of intermediate battery materials and components, which may continue in the next few years. From the strategic point of view, the increasing importance of batteries, as well as potential trade disruption and barriers, the battery value chain may gradually diversify away from the centralized supply in China.

The market prospect of cylindrical lithium ion battery is bright

At present, with the rapid growth of economy and the rapid progress of science and technology, the extensive application of portable devices and intelligent devices has gradually improved people's quality of life and convenience. From electric cars, laptops, iPad, to mobile phones, bracelets, student watches, etc., it has almost become the indispensable equipment for most families and even everyone's life and work. With the advantages of small size, large capacity and long cycle life, Li-ion battery has become the first choice for these electronic products. The excellent performance of lithium battery, especially its high energy density, high cycle times, safety and environmental protection, makes the lithium battery industry continue to maintain a rapid growth trend, industry innovation accelerates, and a number of outstanding enterprises emerge. Driven by these excellent enterprises, new products and technologies of lithium batteries are constantly emerging, and various new battery technologies have come out one after another. Combining with the current social production with the theme of environmental protection and new energy, the market prospect of lithium battery is broad.

Region Overview:

Geographically, Asia Pacific held the largest market share – 90.38% in 2022.

Company Overview:

Panasonic is one of the major players operating in the Cylindrical Lithium Ion Battery market, holding a share of 27.76% in 2022.

Panasonic

The Panasonic Group consists of Panasonic Holdings, the holding company, eight operating companies, and affiliates both within Japan and overseas. Panasonic Holdings Corporation develops, design, manufactures, and distributes appliances. The Company produces air conditioner, refrigerator, microwave oven, rice cooker, washing machine, and more. Panasonic Holdings also produces, light ventilating fans, air purifiers, communication equipment, vehicle electronics, power supplies, batteries, electronic components, and more.

LG Chem

LG Chem, a subsidiary of LG Corporation, is a South Korea-based chemical company which extends its chemical expertise into Petrochemicals, IT & Electronic Materials, and Energy Solutions.

Segmentation Overview:

As for product types, the 21700 segment held the largest market share in 2022.

Application Overview:

The market's largest segment by application is the segment Electric Vehicles, with a market share of 56.81% in 2022.

Key Companies in the global Cylindrical Lithium Ion Battery market covered in Chapter 3:

Padre Electronic
CATL
CHAM Battery
EVE
LG Chem
DLG Electronics
Hitachi
Hefei Guoxuan
Samsung SDI
Tenpower
Tianjin Lishen
Panasonic
Zhuoneng New Energy
Murata

In Chapter 4 and Chapter 14.2, on the basis of types, the Cylindrical Lithium Ion Battery market from 2018 to 2029 is primarily split into:

18650
21700
26650
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Cylindrical Lithium Ion Battery market from 2018 to 2029 covers:

Electric Vehicles
Power Banks
Laptop Battery Packs
Flashlights
Cordless Power Tools
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)