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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:

  • Panasonic Corporation
  • LG Energy Solution
  • Samsung SDI Co., Ltd.
  • TianJin Lishen Battery Joint-Stock CO.,Ltd.
  • Jiangsu Tenpower Lithium Co., Ltd.
  • Shenzhen BAK Battery Co., Ltd.
  • EVE Energy Co., Ltd.

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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Capacity
  • Voltage
  • Industry
  • Region
Breakup by Type
  • 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)
Breakup by Capacity
  • 0–3,000 mAh
  • 3,000–10,000 mAh
  • 10,000–60,000 mAh
  • 60,000 mAh and Above
Breakup by Voltage
  • Low (Below 12V)
  • Medium (12V – 36V)
  • High (Above 36V)
Breakup by Industry
  • Consumer Electronics
  • Automotive
  • Aerospace
  • Marine
  • Medical
  • Industrial
  • Power
  • Telecommunication
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Price Analysis
  • Historical Price Trends
  • Forecast Price Trends
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Panasonic Corporation
  • LG Energy Solution
  • Samsung SDI Co., Ltd.
  • TianJin Lishen Battery Joint-Stock CO.,Ltd.
  • Jiangsu Tenpower Lithium Co., Ltd.
  • Shenzhen BAK Battery Co., Ltd.
  • EVE Energy Co., Ltd.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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    Opportunities and Challenges in the Market
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    North America
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2017-2021) 
            8.8.1.3    Forecast Trend (2022-2027)
        8.8.2    Europe
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2017-2021) 
            8.8.2.3    Forecast Trend (2022-2027)
        8.8.3    Asia Pacific
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2017-2021) 
            8.8.3.3    Forecast Trend (2022-2027)
        8.8.4    Latin America
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2017-2021) 
            8.8.4.3    Forecast Trend (2022-2027)
        8.8.5    Middle East and Africa
            8.8.5.1    Market Share
            8.8.5.2    Historical Trend (2017-2021) 
            8.8.5.3    Forecast Trend (2022-2027)
9    North America Cylindrical Lithium-Ion Battery Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2017-2021) 
        9.1.3    Forecast Trend (2022-2027)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2017-2021) 
        9.2.3    Forecast Trend (2022-2027)
10    Europe Cylindrical Lithium-Ion Battery Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2017-2021) 
        10.1.3    Forecast Trend (2022-2027)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2017-2021) 
        10.2.3    Forecast Trend (2022-2027)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2017-2021) 
        10.3.3    Forecast Trend (2022-2027)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2017-2021) 
        10.4.3    Forecast Trend (2022-2027)
    10.5    Others
11    Asia Pacific  Cylindrical Lithium-Ion Battery Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2017-2021) 
        11.1.3    Forecast Trend (2022-2027)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2017-2021) 
        11.2.3    Forecast Trend (2022-2027)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2017-2021) 
        11.3.3    Forecast Trend (2022-2027)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2017-2021) 
        11.4.3    Forecast Trend (2022-2027)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2017-2021) 
        11.5.3    Forecast Trend (2022-2027)
    11.6    Others
12    Latin America Cylindrical Lithium-Ion Battery Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2017-2021) 
        12.1.3    Forecast Trend (2022-2027)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2017-2021) 
        12.2.3    Forecast Trend (2022-2027)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2017-2021) 
        12.3.3    Forecast Trend (2022-2027)
    12.4    Others
13    Middle East and Africa Cylindrical Lithium-Ion Battery Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2017-2021) 
        13.1.3    Forecast Trend (2022-2027)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2017-2021) 
        13.2.3    Forecast Trend (2022-2027)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2017-2021) 
        13.3.3    Forecast Trend (2022-2027)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2017-2021) 
        13.4.3    Forecast Trend (2022-2027)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Price Analysis
17    Competitive Landscape

    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    Panasonic Corporation
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Certifications
        17.2.2    LG Energy Solution
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Certifications
        17.2.3    Samsung SDI Co., Ltd.
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Certifications
        17.2.4    TianJin Lishen Battery Joint-Stock CO.,LTD.
            17.2.4.1    Company Overview
            17.2.4.2    Product Portfolio
            17.2.4.3    Demographic Reach and Achievements
            17.2.4.4    Certifications
        17.2.5    Jiangsu Tenpower Lithium Co., Ltd.
            17.2.5.1    Company Overview
            17.2.5.2    Product Portfolio
            17.2.5.3    Demographic Reach and Achievements
            17.2.5.4    Certifications
        17.2.6    Shenzhen BAK Battery Co., Ltd.
            17.2.6.1    Company Overview
            17.2.6.2    Product Portfolio
            17.2.6.3    Demographic Reach and Achievements
            17.2.6.4    Certifications
        17.2.7    EVE Energy Co., Ltd.
            17.2.7.1    Company Overview
            17.2.7.2    Product Portfolio
            17.2.7.3    Demographic Reach and Achievements
            17.2.7.4    Certifications
        17.2.8    Others
18    Key Trends and Developments in the Market

 

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.    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 Panasonic Corporation, LG Energy Solution, Samsung SDI Co., Ltd., TianJin Lishen Battery Joint-Stock CO.,Ltd., Jiangsu Tenpower Lithium Co., Ltd., Shenzhen BAK Battery Co., Ltd., and EVE Energy Co., 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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