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Global Cylindrical Lithium-Ion Battery Market: By Type: Lithium Nickel Manganese Cobalt (LI-NMC), Lithium Iron Phosphate (LFP), Others; By Capacity; By Voltage; By Industry; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Cylindrical Lithium-Ion Battery Market Outlook
The global market for cylindrical lithium-ion battery reached a value of about USD 47.21 billion in 2021. The market is further expected to grow at a CAGR of about 19.2% in the forecast period of 2022-2027 to reach a value of around USD 135.21 billion by 2027, owing to the rapid growth in the sale of plug-in hybrid electric vehicles (PHEVs).
North America and Asia Pacific to be Among the Significant Regional Markets for Cylindrical Lithium-Ion Battery
North America is expected to be one of the significant regional markets for cylindrical lithium-ion batteries due to the availability of advanced technology for efficiently deploying different energy storage systems. The increasing investment by the government for the development of the products in the region is further anticipated to propel market growth.
The Asia Pacific region is anticipated to witness robust growth due to a rapid rise in portable electronics demand and the rising concerns about effectively curbing carbon discharges from the region. China, South Korea, and Japan are the key markets for the cylindrical lithium-ion battery market in Asia Pacific. Continuous developments in the consumer electronics and automotive verticals have increased the application of lithium-ion batteries as they offer various advantages, such as high-power capacity, increased safety, and reduced pollution. Several countries in the Asia Pacific region are planning off-grid electrification, especially in remote areas, which is expected to accelerate the market growth in the region.
Automotive Segment Expected to Lead the Market Growth
During the forecast period, the automotive segment is expected to hold the largest share in the cylindrical lithium-ion battery market. Battery-driven vehicles, such as electric vehicles, e-bikes, and automated guided vehicles, are major consumers of cylindrical lithium-ion batteries. Increasing adoption and awareness of electric vehicles propels the growth of the market. Favourable government policies and rising measures to curb greenhouse gas emissions are also expected to augment the segment growth.
Market Segmentations
Cylindrical lithium batteries have electrodes enclosed in a cylindrical cell that is tightly wound within a specifically constructed metal casing. This distinct design helps to reduce the likelihood of the electrode material within breaking apart, even under the most rigorous use conditions.
The different types of cylindrical lithium-ion batteries are:
- Lithium Nickel Manganese Cobalt (LI-NMC)
- Lithium Iron Phosphate (LFP)
- Lithium Cobalt Oxide (LCO)
- Lithium Titanate Oxide (LTO)
- Lithium Manganese Oxide (LMO)
- Lithium Nickel Cobalt Aluminium Oxide (NCA)
On the basis of capacity, the market is divided into:
- 0–3,000 mAh
- 3,000–10,000 mAh
- 10,000–60,000 mAh
- 60,000 mAh and Above
Based on voltage, the market is segmented into:
- Low (Below 12V)
- Medium (12V – 36V)
- High (Above 36V)
The several industries in the cylindrical lithium-ion battery market are as follows:
- Consumer Electronics
- Automotive
- Aerospace
- Marine
- Medical
- Industrial
- Power
- Telecommunication
The regional markets for the cylindrical lithium-ion battery can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
Increasing Demand for Plug-In Vehicles Propelling the Market Growth
Rapid growth in the sale of plug-in hybrid electric vehicles (PHEVs) due to rising concerns about keeping a check on carbon footprint is anticipated to impact the global cylindrical lithium-ion battery market positively. The growing shift in the automotive industry to EVs and an increase in demand for power banks and charging systems are anticipated to propel the marke4t growth. Also, the rise in demand for consumer electronics across the globe is one of the major factors augmenting the growth of the global market. The penetration of portable variants, such as laptops, gaming consoles, smartphones, torches, and digital cameras, along with high-speed internet connectivity, is significantly impacting the market. In addition, the growing need for battery-operated material-handling equipment in industries due to automation, continued development of smart devices, and growing adoption of lithium-ion batteries in the renewable energy sector is also accelerating the global market growth.
Key Players in the Global Market for Cylindrical Lithium-Ion Battery
The report gives a detailed analysis of the following key players in the global cylindrical lithium-ion battery market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- LG Chem Ltd.
- Contemporary Amperex Technology Co., Limited
- Samsung SDI Co., Ltd
- Panasonic Corporation
- BAK Group
- Hitachi Astemo, Ltd
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Cylindrical Lithium-Ion Battery Market Analysis
8.1 Key Industry Highlights
8.2 Global Cylindrical Lithium-Ion Battery Historical Market (2017-2021)
8.3 Global Cylindrical Lithium-Ion Battery Market Forecast (2022-2027)
8.4 Global Cylindrical Lithium-Ion Battery Market by Type
8.4.1 Lithium Nickel Manganese Cobalt (LI-NMC)
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Lithium Iron Phosphate (LFP)
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Lithium Cobalt Oxide (LCO)
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Lithium Titanate Oxide (LTO)
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.4.5 Lithium Manganese Oxide (LMO)
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2017-2021)
8.4.5.3 Forecast Trend (2022-2027)
8.4.6 Lithium Nickel Cobalt Aluminium Oxide (NCA)
8.4.6.1 Market Share
8.4.6.2 Historical Trend (2017-2021)
8.4.6.3 Forecast Trend (2022-2027)
8.5 Global Cylindrical Lithium-Ion Battery Market by Capacity
8.5.1 0–3,000 mAh
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 3,000–10,000 mAh
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 10,000–60,000 mAh
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 60,000 mAh and Above
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2017-2021)
8.5.4.3 Forecast Trend (2022-2027)
8.6 Global Cylindrical Lithium-Ion Battery Market by Voltage
8.6.1 Low (Below 12V)
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Medium (12V – 36V)
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 High (Above 36V)
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.7 Global Cylindrical Lithium-Ion Battery Market by Industry
8.7.1 Consumer Electronics
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2017-2021)
8.7.1.3 Forecast Trend (2022-2027)
8.7.2 Automotive
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2017-2021)
8.7.2.3 Forecast Trend (2022-2027)
8.7.3 Aerospace
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2017-2021)
8.7.3.3 Forecast Trend (2022-2027)
8.7.4 Marine
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2017-2021)
8.7.4.3 Forecast Trend (2022-2027)
8.7.5 Medical
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2017-2021)
8.7.5.3 Forecast Trend (2022-2027)
8.7.6 Industrial
8.7.6.1 Market Share
8.7.6.2 Historical Trend (2017-2021)
8.7.6.3 Forecast Trend (2022-2027)
8.7.7 Power
8.7.7.1 Market Share
8.7.7.2 Historical Trend (2017-2021)
8.7.7.3 Forecast Trend (2022-2027)
8.7.8 Telecommunication
8.7.8.1 Market Share
8.7.8.2 Historical Trend (2017-2021)
8.7.8.3 Forecast Trend (2022-2027)
8.8 Global Cylindrical Lithium-Ion Battery Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (HS Code - 850650)
12.1 Major Exporting Countries
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 LG Chem Ltd.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Contemporary Amperex Technology Co., Limited
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Samsung SDI Co., Ltd
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Panasonic Corporation
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 BAK Group
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Hitachi Astemo, Ltd
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Others
15 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
List of Key Figures and Tables
1. Global Cylindrical Lithium-Ion Battery Market: Key Industry Highlights, 2017 and 2027
2. Global Cylindrical Lithium-Ion Battery Historical Market: Breakup by Type (USD Billion), 2017-2021
3. Global Cylindrical Lithium-Ion Battery Market Forecast: Breakup by Type (USD Billion), 2022-2027
4. Global Cylindrical Lithium-Ion Battery Historical Market: Breakup by Capacity (USD Billion), 2017-2021
5. Global Cylindrical Lithium-Ion Battery Market Forecast: Breakup by Capacity (USD Billion), 2022-2027
6. Global Cylindrical Lithium-Ion Battery Historical Market: Breakup by Voltage (USD Billion), 2017-2021
7. Global Cylindrical Lithium-Ion Battery Market Forecast: Breakup by Voltage (USD Billion), 2022-2027
8. Global Cylindrical Lithium-Ion Battery Historical Market: Breakup by Industry (USD Billion), 2017-2021
9. Global Cylindrical Lithium-Ion Battery Market Forecast: Breakup by Industry (USD Billion), 2022-2027
10. Global Cylindrical Lithium-Ion Battery Historical Market: Breakup by Region (USD Billion), 2017-2021
11. Global Cylindrical Lithium-Ion Battery Market Forecast: Breakup by Region (USD Billion), 2022-2027
12. North America Cylindrical Lithium-Ion Battery Historical Market: Breakup by Country (USD Billion), 2017-2021
13. North America Cylindrical Lithium-Ion Battery Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Europe Cylindrical Lithium-Ion Battery Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Europe Cylindrical Lithium-Ion Battery Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Asia Pacific Cylindrical Lithium-Ion Battery Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Asia Pacific Cylindrical Lithium-Ion Battery Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Latin America Cylindrical Lithium-Ion Battery Historical Market: Breakup by Country (USD Billion), 2017-2021
19. Latin America Cylindrical Lithium-Ion Battery Market Forecast: Breakup by Country (USD Billion), 2022-2027
20. Middle East and Africa Cylindrical Lithium-Ion Battery Historical Market: Breakup by Country (USD Billion), 2017-2021
21. Middle East and Africa Cylindrical Lithium-Ion Battery Market Forecast: Breakup by Country (USD Billion), 2022-2027
22. Major Exporting Countries by Value
23. Major Importing Countries by Value
24. Major Exporting Countries by Volume
25. Major Importing Countries by Volume
26. Global Cylindrical Lithium-Ion Battery Market Structure
Key Questions Answered in the Report
In 2021, the global market attained a value of nearly USD 47.21 billion.
The market is projected to grow at a CAGR of 19.2% between 2022 and 2027.
The market is estimated to witness healthy growth in the forecast period of 2022-2027 to reach USD 135.21 billion by 2027.
The major drivers of the market include the increasing investment by the government, favourable government policies, growing shift in the automotive industry to EVs, increase in demand for power banks and charging systems, growing need for battery-operated material-handling equipment, and growing adoption of lithium-ion batteries in the renewable energy sector.
Rapid growth in the sale of plug-in hybrid electric vehicles (PHEVs) and a rise in demand for consumer electronics are the key industry trends propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different types of cylindrical lithium-ion batteries are lithium nickel manganese cobalt (LI-NMC), lithium iron phosphate (LFP), lithium cobalt oxide (LCO), and lithium titanate oxide (LTO), lithium manganese oxide (LMO), and lithium nickel cobalt aluminium oxide (NCA).
On the basis of capacity, the market is divided into 0–3,000 mAh, 3,000–10,000 mAh, 10,000–60,000 mAh, and 60,000 mAh and above.
Based on voltage, the market is segmented into low (below 12V), medium (12V – 36V), and high (above 36V).
The several industries in the market are consumer electronics, automotive, aerospace, marine, medical, industrial, power, and telecommunication.
The major players in the industry are LG Chem Ltd., Contemporary Amperex Technology Co., Limited, Samsung SDI Co., Ltd, Panasonic Corporation, BAK Group, and Hitachi Astemo, Ltd, among others.
Analyst Review
The global cylindrical lithium-ion battery market attained a value of nearly USD 47.21 billion, driven by the rapid growth in the sale of plug-in hybrid electric vehicles (PHEVs). Aided by the favourable government policies and a rise in demand for consumer electronics, the market is expected to grow at a CAGR of 19.2% in the forecast period of 2022-2027. The market is estimated to reach USD 135.21 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The different types of cylindrical lithium-ion batteries are lithium nickel manganese cobalt (LI-NMC), lithium iron phosphate (LFP), lithium cobalt oxide (LCO), and lithium titanate oxide (LTO), lithium manganese oxide (LMO), and lithium nickel cobalt aluminium oxide (NCA). On the basis of capacity, the market is divided into 0–3,000 mAh, 3,000–10,000 mAh, 10,000–60,000 mAh, and 60,000 mAh and above. Based on voltage, the market is segmented into low (below 12V), medium (12V – 36V), and high (above 36V). The several industries in the market are consumer electronics, automotive, aerospace, marine, medical, industrial, power, and telecommunication. The major regional markets for cylindrical lithium-ion batteries are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The key players in the above market are LG Chem Ltd., Contemporary Amperex Technology Co., Limited, Samsung SDI Co., Ltd, Panasonic Corporation, BAK Group, and Hitachi Astemo, Ltd, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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