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PUBLISHER: Allied Market Research | PRODUCT CODE: 1566868

PUBLISHER: Allied Market Research | PRODUCT CODE: 1566868

Cylindrical Li-ion Battery Market By Type , By Capacity By Application By End-Use : Global Opportunity Analysis and Industry Forecast, 2024-2033

PUBLISHED: July 10, 2024

PAGES: 340 Pages

DELIVERY TIME: 2-3 business days

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Description

The cylindrical Li-ion battery market was valued at $7.4 billion in 2023, and is projected to reach $18.0 billion by 2033, growing at a CAGR of 9.4% from 2024 to 2033.

Cylindrical li-ion battery is a high energy density rechargeable battery that comprises rolled-up electrodes and separators stored in a cylindrical shape can. The robust design of these batteries makes them suitable for use in various applications, including consumer electronics, electric vehicles, and power tools. Cylindrical Li-ion batteries offer advantages such as superior thermal management, high discharge rates, and consistent performance, making them a preferred choice for applications requiring reliable and efficient energy storage.

The growth of the global cylindrical Li-ion battery market is majorly driven by increase in penetration of portable electronics such as such as smartphones, laptops, tablets, and wearables. This is attributed to the fact that cylindrical Li-ion batteries offer high energy density, providing more power in a compact form. Moreover, surge in adoption of electric vehicles significantly contributes toward the growth of the global market. According to the International Energy Agency, a Paris-based autonomous intergovernmental organization, over 3 million electric vehicles were sold in the first quarter of 2024, around 25% higher as compared to 2023. This number is estimated to reach 17 million by the end of 2024, exhibiting a 20% year-on-year increase. These applications require high-performance batteries, which, in turn, propel the demand for cylindrical Li-ion batteries, as they play a crucial role in improving battery efficiency and enhancing the longevity of electronic devices. Furthermore, fast charging increases the rate of heat generation, requiring efficient cooling systems. This boosts the demand for cylindrical batteries as they exhibit superior heat dissipation properties, enhancing safety and performance by minimizing the risk of overheating and thermal runaway. Moreover, increase in adoption of renewable energy storage systems is notably propelling the demand for cylindrical Li-ion batteries. The International Renewable Energy Agency states that the installed capacity of energy storage in the world will increase by 42% to 68% by 2030, which is expected to contribute to the growing adoption and popularity of cylindrical Li-ion batteries. Although these batteries exhibit long service life and require zero maintenance, they are incur high initial cost, which acts as a key deterrent factor of the market. The market growth is further hampered by improper disposal practices of batteries that can lead to several environmental and health issues. On the contrary, continuous improvements in battery technology, including better materials and manufacturing techniques, enhance the performance, lifespan, and safety of cylindrical Li-ion batteries, which are expected to offer lucrative opportunities for the expansion of the global market during the forecast period.

The cylindrical Li-ion battery market is segmented by type, capacity, application, end use, and region. Depending on type, the market is classified into lithium iron phosphate, lithium cobaltate, lithium manganate, cobalt-manganese, and others. By capacity, it divided into up to 350 mAh, 350-500 mAh, 500-700 mAh, 700-900 mAh, 900-1, 200 mAh, 1, 200-3, 400 mAh, and more than 3, 400 mAh. As per application, it is segregated into power tools, toys, lamps, e-bikes, portable mobile energy systems, and others. By end use, it is divided into consumer electronics, automotive, telecommunication, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

Depending on type, the lithium-iron phosphate segment held the highest market share in 2023, and is expected to maintain its leadership status by 2033.

By capacity, 1,200-3, 400 mAh segment was the major shareholder in 2023, and is projected to dominate the market during the forecast period.

As per application, the e-bike segment garnered the largest share in 2023, and is anticipated to continue the same trend throughout the forecast period.

On the basis of end use, consumer electronics emerged as the leading segment, in terms of share, in 2023, and is likely to continue to lead in the coming years.

Region wise, Asia-Pacific was the major revenue generator in 2023.

Competition Analysis

Competitive analysis and profiles of the major players in the global cylindrical Li-ion battery market include Panasonic Energy Co., Ltd., Tianneng rechargeable battery, Murata Manufacturing Co., Ltd., Xiamen Tmax, EVE Energy Co., Ltd., Sony Group Corporation, LG Chem, Hitachi, Ltd., Astemo Americas., Samsung SDI Co., Ltd., and Battery Equipments Limited. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to sustain the intense competition and maintain a strong foothold in the global market.

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Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

Analysis of raw material in a product (by %)
Manufacturing Capacity
Product Life Cycles
Go To Market Strategy
Pain Point Analysis
Additional company profiles with specific to client's interest
Brands Share Analysis
Historic market data
SWOT Analysis

Key Market Segments

By Type

Lithium Iron Phosphate
Lithium Cobaltate
Lithium Manganate
Cobalt-Manganese
Others

By Capacity

Up to 350 mAh
350-500 mAh
500-700 mAh
700-900 mAh
900-1,200 mAh
1,200-3,400 mAh
More than 3,400 mAh

By Application

Power Tools
Toys
Lamps
E-Bikes
Portable Mobile Energy Systems
Others

By End-Use

Consumer Electronics
Automotive
Telecommunication
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA

Key Market Players:

Panasonic Energy Co., Ltd.
Tianneng rechargeable battery
Murata Manufacturing Co., Ltd.
Xiamen Tmax
EVE Energy Co., Ltd
Sony Group Corporation
LG Chem
Hitachi, Ltd.
Astemo Americas.
Samsung SDI Co., Ltd.
Battery Equipments Limited

Product Code: A155333

CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
- 1.4.1. Primary Research
- 1.4.2. Secondary Research
- 1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
- 3.2.1. Top Investment Pockets
- 3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
- 3.3.1. Bargaining Power of Suppliers
- 3.3.2. Threat of New Entrants
- 3.3.3. Threat of Substitutes
- 3.3.4. Competitive Rivalry
- 3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities

CHAPTER 4: CYLINDRICAL LI-ION BATTERY MARKET, BY TYPE

4.1. Market Overview
- 4.1.1 Market Size and Forecast, By Type
4.2. Lithium Iron Phosphate
- 4.2.1. Key Market Trends, Growth Factors and Opportunities
- 4.2.2. Market Size and Forecast, By Region
- 4.2.3. Market Share Analysis, By Country
4.3. Lithium Cobaltate
- 4.3.1. Key Market Trends, Growth Factors and Opportunities
- 4.3.2. Market Size and Forecast, By Region
- 4.3.3. Market Share Analysis, By Country
4.4. Lithium Manganate
- 4.4.1. Key Market Trends, Growth Factors and Opportunities
- 4.4.2. Market Size and Forecast, By Region
- 4.4.3. Market Share Analysis, By Country
4.5. Cobalt-Manganese
- 4.5.1. Key Market Trends, Growth Factors and Opportunities
- 4.5.2. Market Size and Forecast, By Region
- 4.5.3. Market Share Analysis, By Country
4.6. Others
- 4.6.1. Key Market Trends, Growth Factors and Opportunities
- 4.6.2. Market Size and Forecast, By Region
- 4.6.3. Market Share Analysis, By Country

CHAPTER 5: CYLINDRICAL LI-ION BATTERY MARKET, BY CAPACITY

5.1. Market Overview
- 5.1.1 Market Size and Forecast, By Capacity
5.2. Up To 350 MAh
- 5.2.1. Key Market Trends, Growth Factors and Opportunities
- 5.2.2. Market Size and Forecast, By Region
- 5.2.3. Market Share Analysis, By Country
5.3. 350-500 MAh
- 5.3.1. Key Market Trends, Growth Factors and Opportunities
- 5.3.2. Market Size and Forecast, By Region
- 5.3.3. Market Share Analysis, By Country
5.4. 500-700 MAh
- 5.4.1. Key Market Trends, Growth Factors and Opportunities
- 5.4.2. Market Size and Forecast, By Region
- 5.4.3. Market Share Analysis, By Country
5.5. 700-900 MAh
- 5.5.1. Key Market Trends, Growth Factors and Opportunities
- 5.5.2. Market Size and Forecast, By Region
- 5.5.3. Market Share Analysis, By Country
5.6. 900-1, 200 MAh
- 5.6.1. Key Market Trends, Growth Factors and Opportunities
- 5.6.2. Market Size and Forecast, By Region
- 5.6.3. Market Share Analysis, By Country
5.7. 1, 200-3, 400 MAh
- 5.7.1. Key Market Trends, Growth Factors and Opportunities
- 5.7.2. Market Size and Forecast, By Region
- 5.7.3. Market Share Analysis, By Country
5.8. More Than 3, 400 MAh
- 5.8.1. Key Market Trends, Growth Factors and Opportunities
- 5.8.2. Market Size and Forecast, By Region
- 5.8.3. Market Share Analysis, By Country

CHAPTER 6: CYLINDRICAL LI-ION BATTERY MARKET, BY APPLICATION

6.1. Market Overview
- 6.1.1 Market Size and Forecast, By Application
6.2. Power Tools
- 6.2.1. Key Market Trends, Growth Factors and Opportunities
- 6.2.2. Market Size and Forecast, By Region
- 6.2.3. Market Share Analysis, By Country
6.3. Toys
- 6.3.1. Key Market Trends, Growth Factors and Opportunities
- 6.3.2. Market Size and Forecast, By Region
- 6.3.3. Market Share Analysis, By Country
6.4. Lamps
- 6.4.1. Key Market Trends, Growth Factors and Opportunities
- 6.4.2. Market Size and Forecast, By Region
- 6.4.3. Market Share Analysis, By Country
6.5. E-Bikes
- 6.5.1. Key Market Trends, Growth Factors and Opportunities
- 6.5.2. Market Size and Forecast, By Region
- 6.5.3. Market Share Analysis, By Country
6.6. Portable Mobile Energy Systems
- 6.6.1. Key Market Trends, Growth Factors and Opportunities
- 6.6.2. Market Size and Forecast, By Region
- 6.6.3. Market Share Analysis, By Country
6.7. Others
- 6.7.1. Key Market Trends, Growth Factors and Opportunities
- 6.7.2. Market Size and Forecast, By Region
- 6.7.3. Market Share Analysis, By Country

CHAPTER 7: CYLINDRICAL LI-ION BATTERY MARKET, BY END-USE

7.1. Market Overview
- 7.1.1 Market Size and Forecast, By End-use
7.2. Consumer Electronics
- 7.2.1. Key Market Trends, Growth Factors and Opportunities
- 7.2.2. Market Size and Forecast, By Region
- 7.2.3. Market Share Analysis, By Country
7.3. Automotive
- 7.3.1. Key Market Trends, Growth Factors and Opportunities
- 7.3.2. Market Size and Forecast, By Region
- 7.3.3. Market Share Analysis, By Country
7.4. Telecommunication
- 7.4.1. Key Market Trends, Growth Factors and Opportunities
- 7.4.2. Market Size and Forecast, By Region
- 7.4.3. Market Share Analysis, By Country
7.5. Others
- 7.5.1. Key Market Trends, Growth Factors and Opportunities
- 7.5.2. Market Size and Forecast, By Region
- 7.5.3. Market Share Analysis, By Country

CHAPTER 8: CYLINDRICAL LI-ION BATTERY MARKET, BY REGION

8.1. Market Overview
- 8.1.1 Market Size and Forecast, By Region
8.2. North America
- 8.2.1. Key Market Trends and Opportunities
- 8.2.2. Market Size and Forecast, By Type
- 8.2.3. Market Size and Forecast, By Capacity
- 8.2.4. Market Size and Forecast, By Application
- 8.2.5. Market Size and Forecast, By End-use
- 8.2.6. Market Size and Forecast, By Country
- 8.2.7. U.S. Cylindrical Li-ion Battery Market
  - 8.2.7.1. Market Size and Forecast, By Type
  - 8.2.7.2. Market Size and Forecast, By Capacity
  - 8.2.7.3. Market Size and Forecast, By Application
  - 8.2.7.4. Market Size and Forecast, By End-use
- 8.2.8. Canada Cylindrical Li-ion Battery Market
  - 8.2.8.1. Market Size and Forecast, By Type
  - 8.2.8.2. Market Size and Forecast, By Capacity
  - 8.2.8.3. Market Size and Forecast, By Application
  - 8.2.8.4. Market Size and Forecast, By End-use
- 8.2.9. Mexico Cylindrical Li-ion Battery Market
  - 8.2.9.1. Market Size and Forecast, By Type
  - 8.2.9.2. Market Size and Forecast, By Capacity
  - 8.2.9.3. Market Size and Forecast, By Application
  - 8.2.9.4. Market Size and Forecast, By End-use
8.3. Europe
- 8.3.1. Key Market Trends and Opportunities
- 8.3.2. Market Size and Forecast, By Type
- 8.3.3. Market Size and Forecast, By Capacity
- 8.3.4. Market Size and Forecast, By Application
- 8.3.5. Market Size and Forecast, By End-use
- 8.3.6. Market Size and Forecast, By Country
- 8.3.7. France Cylindrical Li-ion Battery Market
  - 8.3.7.1. Market Size and Forecast, By Type
  - 8.3.7.2. Market Size and Forecast, By Capacity
  - 8.3.7.3. Market Size and Forecast, By Application
  - 8.3.7.4. Market Size and Forecast, By End-use
- 8.3.8. Germany Cylindrical Li-ion Battery Market
  - 8.3.8.1. Market Size and Forecast, By Type
  - 8.3.8.2. Market Size and Forecast, By Capacity
  - 8.3.8.3. Market Size and Forecast, By Application
  - 8.3.8.4. Market Size and Forecast, By End-use
- 8.3.9. Italy Cylindrical Li-ion Battery Market
  - 8.3.9.1. Market Size and Forecast, By Type
  - 8.3.9.2. Market Size and Forecast, By Capacity
  - 8.3.9.3. Market Size and Forecast, By Application
  - 8.3.9.4. Market Size and Forecast, By End-use
- 8.3.10. Spain Cylindrical Li-ion Battery Market
  - 8.3.10.1. Market Size and Forecast, By Type
  - 8.3.10.2. Market Size and Forecast, By Capacity
  - 8.3.10.3. Market Size and Forecast, By Application
  - 8.3.10.4. Market Size and Forecast, By End-use
- 8.3.11. UK Cylindrical Li-ion Battery Market
  - 8.3.11.1. Market Size and Forecast, By Type
  - 8.3.11.2. Market Size and Forecast, By Capacity
  - 8.3.11.3. Market Size and Forecast, By Application
  - 8.3.11.4. Market Size and Forecast, By End-use
- 8.3.12. Rest of Europe Cylindrical Li-ion Battery Market
  - 8.3.12.1. Market Size and Forecast, By Type
  - 8.3.12.2. Market Size and Forecast, By Capacity
  - 8.3.12.3. Market Size and Forecast, By Application
  - 8.3.12.4. Market Size and Forecast, By End-use
8.4. Asia-Pacific
- 8.4.1. Key Market Trends and Opportunities
- 8.4.2. Market Size and Forecast, By Type
- 8.4.3. Market Size and Forecast, By Capacity
- 8.4.4. Market Size and Forecast, By Application
- 8.4.5. Market Size and Forecast, By End-use
- 8.4.6. Market Size and Forecast, By Country
- 8.4.7. China Cylindrical Li-ion Battery Market
  - 8.4.7.1. Market Size and Forecast, By Type
  - 8.4.7.2. Market Size and Forecast, By Capacity
  - 8.4.7.3. Market Size and Forecast, By Application
  - 8.4.7.4. Market Size and Forecast, By End-use
- 8.4.8. Japan Cylindrical Li-ion Battery Market
  - 8.4.8.1. Market Size and Forecast, By Type
  - 8.4.8.2. Market Size and Forecast, By Capacity
  - 8.4.8.3. Market Size and Forecast, By Application
  - 8.4.8.4. Market Size and Forecast, By End-use
- 8.4.9. India Cylindrical Li-ion Battery Market
  - 8.4.9.1. Market Size and Forecast, By Type
  - 8.4.9.2. Market Size and Forecast, By Capacity
  - 8.4.9.3. Market Size and Forecast, By Application
  - 8.4.9.4. Market Size and Forecast, By End-use
- 8.4.10. South Korea Cylindrical Li-ion Battery Market
  - 8.4.10.1. Market Size and Forecast, By Type
  - 8.4.10.2. Market Size and Forecast, By Capacity
  - 8.4.10.3. Market Size and Forecast, By Application
  - 8.4.10.4. Market Size and Forecast, By End-use
- 8.4.11. Australia Cylindrical Li-ion Battery Market
  - 8.4.11.1. Market Size and Forecast, By Type
  - 8.4.11.2. Market Size and Forecast, By Capacity
  - 8.4.11.3. Market Size and Forecast, By Application
  - 8.4.11.4. Market Size and Forecast, By End-use
- 8.4.12. Rest of Asia-Pacific Cylindrical Li-ion Battery Market
  - 8.4.12.1. Market Size and Forecast, By Type
  - 8.4.12.2. Market Size and Forecast, By Capacity
  - 8.4.12.3. Market Size and Forecast, By Application
  - 8.4.12.4. Market Size and Forecast, By End-use
8.5. LAMEA
- 8.5.1. Key Market Trends and Opportunities
- 8.5.2. Market Size and Forecast, By Type
- 8.5.3. Market Size and Forecast, By Capacity
- 8.5.4. Market Size and Forecast, By Application
- 8.5.5. Market Size and Forecast, By End-use
- 8.5.6. Market Size and Forecast, By Country
- 8.5.7. Brazil Cylindrical Li-ion Battery Market
  - 8.5.7.1. Market Size and Forecast, By Type
  - 8.5.7.2. Market Size and Forecast, By Capacity
  - 8.5.7.3. Market Size and Forecast, By Application
  - 8.5.7.4. Market Size and Forecast, By End-use
- 8.5.8. South Africa Cylindrical Li-ion Battery Market
  - 8.5.8.1. Market Size and Forecast, By Type
  - 8.5.8.2. Market Size and Forecast, By Capacity
  - 8.5.8.3. Market Size and Forecast, By Application
  - 8.5.8.4. Market Size and Forecast, By End-use
- 8.5.9. Saudi Arabia Cylindrical Li-ion Battery Market
  - 8.5.9.1. Market Size and Forecast, By Type
  - 8.5.9.2. Market Size and Forecast, By Capacity
  - 8.5.9.3. Market Size and Forecast, By Application
  - 8.5.9.4. Market Size and Forecast, By End-use
- 8.5.10. Rest of LAMEA Cylindrical Li-ion Battery Market
  - 8.5.10.1. Market Size and Forecast, By Type
  - 8.5.10.2. Market Size and Forecast, By Capacity
  - 8.5.10.3. Market Size and Forecast, By Application
  - 8.5.10.4. Market Size and Forecast, By End-use

CHAPTER 9: COMPETITIVE LANDSCAPE

9.1. Introduction
9.2. Top Winning Strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top Player Positioning, 2023

CHAPTER 10: COMPANY PROFILES

10.1. Panasonic Energy Co., Ltd.
- 10.1.1. Company Overview
- 10.1.2. Key Executives
- 10.1.3. Company Snapshot
- 10.1.4. Operating Business Segments
- 10.1.5. Product Portfolio
- 10.1.6. Business Performance
- 10.1.7. Key Strategic Moves and Developments
10.2. Tianneng Rechargeable Battery
- 10.2.1. Company Overview
- 10.2.2. Key Executives
- 10.2.3. Company Snapshot
- 10.2.4. Operating Business Segments
- 10.2.5. Product Portfolio
- 10.2.6. Business Performance
- 10.2.7. Key Strategic Moves and Developments
10.3. Murata Manufacturing Co., Ltd.
- 10.3.1. Company Overview
- 10.3.2. Key Executives
- 10.3.3. Company Snapshot
- 10.3.4. Operating Business Segments
- 10.3.5. Product Portfolio
- 10.3.6. Business Performance
- 10.3.7. Key Strategic Moves and Developments
10.4. Xiamen Tmax
- 10.4.1. Company Overview
- 10.4.2. Key Executives
- 10.4.3. Company Snapshot
- 10.4.4. Operating Business Segments
- 10.4.5. Product Portfolio
- 10.4.6. Business Performance
- 10.4.7. Key Strategic Moves and Developments
10.5. EVE Energy Co., Ltd
- 10.5.1. Company Overview
- 10.5.2. Key Executives
- 10.5.3. Company Snapshot
- 10.5.4. Operating Business Segments
- 10.5.5. Product Portfolio
- 10.5.6. Business Performance
- 10.5.7. Key Strategic Moves and Developments
10.6. Sony Group Corporation
- 10.6.1. Company Overview
- 10.6.2. Key Executives
- 10.6.3. Company Snapshot
- 10.6.4. Operating Business Segments
- 10.6.5. Product Portfolio
- 10.6.6. Business Performance
- 10.6.7. Key Strategic Moves and Developments
10.7. LG Chem
- 10.7.1. Company Overview
- 10.7.2. Key Executives
- 10.7.3. Company Snapshot
- 10.7.4. Operating Business Segments
- 10.7.5. Product Portfolio
- 10.7.6. Business Performance
- 10.7.7. Key Strategic Moves and Developments
10.8. Hitachi, Ltd.
- 10.8.1. Company Overview
- 10.8.2. Key Executives
- 10.8.3. Company Snapshot
- 10.8.4. Operating Business Segments
- 10.8.5. Product Portfolio
- 10.8.6. Business Performance
- 10.8.7. Key Strategic Moves and Developments
10.9. Astemo Americas.
- 10.9.1. Company Overview
- 10.9.2. Key Executives
- 10.9.3. Company Snapshot
- 10.9.4. Operating Business Segments
- 10.9.5. Product Portfolio
- 10.9.6. Business Performance
- 10.9.7. Key Strategic Moves and Developments
10.10. Samsung SDI Co., Ltd.
- 10.10.1. Company Overview
- 10.10.2. Key Executives
- 10.10.3. Company Snapshot
- 10.10.4. Operating Business Segments
- 10.10.5. Product Portfolio
- 10.10.6. Business Performance
- 10.10.7. Key Strategic Moves and Developments
10.11. Battery Equipments Limited
- 10.11.1. Company Overview
- 10.11.2. Key Executives
- 10.11.3. Company Snapshot
- 10.11.4. Operating Business Segments
- 10.11.5. Product Portfolio
- 10.11.6. Business Performance
- 10.11.7. Key Strategic Moves and Developments