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21700 Lithium-Ion Battery Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Apr 2022
  • Pages: 120
  • SKU: IRTNTR73221
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The 21700 lithium-ion battery market share is expected to increase by USD 2.03 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 10.17%.

This 21700 lithium-ion battery market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers 21700 lithium-ion battery market segmentations by application (automotive and others) and geography (APAC, Europe, North America, South America, and Middle East and Africa). The 21700 lithium-ion battery market report also offers information on several market vendors, including AA Portable Power Corp., EVE Energy Co. Ltd., Far East Holding Group Co. Ltd., GODI India Pvt. Ltd., Guangdong CVATOP New Energy Technology Co. Ltd., Guangzhou Great Power Energy and Technology Co. Ltd., Jiangsu Tianpeng Power Supply Co. Ltd., LG Chem Ltd., Murata Manufacturing Co. Ltd., Panasonic Corp., Samsung SDI Co. Ltd., Shenzen ACE Battery Co. Ltd., Shenzen Fest Technology Co. Ltd., Shenzhen A&S Power Technology Co. Ltd., Shenzhen BAK Power Battery Co. Ltd., Shenzhen XTAR Electronics Co. Ltd., Sony Group Corp., Taiwan Cement Ltd., Tesla Inc., and TianJin Lishen Battery Joint Stock Co. Ltd. among others.

What will the 21700 Lithium-Ion Battery Market Size be During the Forecast Period?

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21700 Lithium-Ion Battery Market: Key Drivers, Trends, and Challenges

The improved capacity and performance factor is notably driving the 21700 lithium-ion battery market growth, although factors such as restrictions on transporting lithium-ion batteries by air may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the 21700 lithium-ion battery industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key 21700 Lithium-Ion Battery Market Driver

The improved capacity and performance factor is one of the key drivers supporting the 21700 lithium-ion battery market growth. The high cost of EVs and poor battery performance are major roadblocks that restrict the widescale adoption of EVs. Before 2017, EVs mainly used the 18650 batteries as cells in their battery packs. However, they are susceptible to issues such as the complex grouping of cells, high heat production, and low acceptance of fast charging. The 21700 lithium-ion batteries were developed to overcome these shortfalls. The upgrade from 18650 batteries to 21700 batteries enabled significant improvements in the performance of EVs as the latest batteries offered around a one-third increase in the battery cell capacity, one-fifth increase in the battery energy density, and one-tenth reduction in the battery system weight. These factors are driving the 21700 lithium-ion battery market growth.

Key 21700 Lithium-Ion Battery Market Trend

The rise in battery recycling initiatives is one of the key 21700 lithium-ion battery market trends that is contributing to the market growth. For a battery recycling technique to be viable, it must have economic as well as environmental value. The emerging concept of direct recycling is likely to be beneficial. Direct recycling involves the recovery of cathode materials as reusable cathode mixtures instead of individual metals, thus minimizing the waste produced during recycling in principle. However, direct recycling targets are specific to cathodes and thus require specialized processes for different cathodes. Furthermore, the recovery efficiency depends on battery health. Therefore, it may not be advantageous if the charge is too low. Thus, initiatives for the recycling of batteries are likely to propel the growth of the global 21700 lithium-ion battery market during the forecast period.

Key 21700 Lithium-Ion Battery Market Challenge

Restrictions on transporting lithium-ion batteries by air is one of the factors hindering the 21700 lithium-ion battery market growth. Nowadays, devices such as laptops, tablets, and others that contain lithium-ion batteries have become very common. Also, manufacturers are designing batteries to support higher power levels in these devices, thereby increasing the chances of battery failure. Therefore, the International Air Transportation Association (IATA) has enforced a regulation that restricts shipments of lithium batteries by air. According to the regulation, under Section II, lithium-ion battery shipments will be limited to a 2.5-kg package. Lithium-ion batteries have also become a major concern for airline companies and several governments following a series of incidents in which the lithium-ion batteries installed in Boeing 787 aircraft caught fire. Due to these incidents, many airlines have banned passengers from carrying lithium-ion batteries. Such mandatory regulations will restrict the 21700 lithium-ion battery market growth during the forecast period.

This 21700 lithium-ion battery market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global 21700 lithium-ion battery market as a part of the global renewable electricity market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the 21700 lithium-ion battery market during the forecast period.

Who are the Major 21700 Lithium-Ion Battery Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AA Portable Power Corp.
  • EVE Energy Co. Ltd.
  • Far East Holding Group Co. Ltd.
  • GODI India Pvt. Ltd.
  • Guangdong CVATOP New Energy Technology Co. Ltd.
  • Guangzhou Great Power Energy and Technology Co. Ltd.
  • Jiangsu Tianpeng Power Supply Co. Ltd.
  • LG Chem Ltd.
  • Murata Manufacturing Co. Ltd.
  • Panasonic Corp.
  • Samsung SDI Co. Ltd.
  • Shenzen ACE Battery Co. Ltd.
  • Shenzen Fest Technology Co. Ltd.
  • Shenzhen A&S Power Technology Co. Ltd.
  • Shenzhen BAK Power Battery Co. Ltd.
  • Shenzhen XTAR Electronics Co. Ltd.
  • Sony Group Corp.
  • Taiwan Cement Ltd.
  • Tesla Inc.
  • TianJin Lishen Battery Joint Stock Co. Ltd.

 

This statistical study of the 21700 lithium-ion battery market encompasses successful business strategies deployed by the key vendors. The 21700 lithium-ion battery market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • EVE Energy Co. Ltd. - Under the unified segment, the company offers lithium battery technologies and solutions for consumer, power, IoT, and renewable applications. 
  • EVE Energy Co. Ltd. - The company offers 21700 Lithium-ion battery with high energy density, fast charging feature, and long life cycle. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The 21700 lithium-ion battery market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

21700 Lithium-Ion Battery Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the 21700 lithium-ion battery market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for 21700 Lithium-Ion Battery Market?

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39% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for the 21700 lithium-ion battery market in APAC. Market growth in this region will be slower than the growth of the market in Europe and North America.

The rising disposable incomes will facilitate the 21700 lithium-ion battery market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 had a negative impact on the regional market. However, the easing of travel restrictions, the resumption of operations in the manufacturing sector, and the large-scale COVID-19 vaccination drives conducted in many countries are expected to drive the growth of the regional 21700 lithium-ion battery market in focus during the forecast period.

What are the Revenue-generating Application Segments in the 21700 Lithium-Ion Battery Market?

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The 21700 lithium-ion battery market share growth by the automotive segment will be significant during the forecast period. The automotive segment includes 21700 lithium-ion batteries that are used in EVs and e-bikes. The segment will experience rapid growth during the forecast period due to the high uptake from the EVs segment. EVs use lithium-ion batteries due to their advantages over other battery chemistries. These batteries have a high energy density, offer relatively better performance, and deliver a longer cycle life, thereby making the battery technology more lucrative than other chemistries. Such increasing use of 21700 lithium-ion batteries in automotive segment will drive market growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the 21700 lithium-ion battery market size and actionable market insights on post COVID-19 impact on each segment.

 

21700 Lithium-Ion Battery Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 10.17%

Market growth 2022-2026

$ 2.03 billion

Market structure

Concentrated

YoY growth (%)

6.7

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 39%

Key consumer countries

US, China, Japan, India, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AA Portable Power Corp., EVE Energy Co. Ltd., Far East Holding Group Co. Ltd., GODI India Pvt. Ltd., Guangdong CVATOP New Energy Technology Co. Ltd., Guangzhou Great Power Energy and Technology Co. Ltd., Jiangsu Tianpeng Power Supply Co. Ltd., LG Chem Ltd., Murata Manufacturing Co. Ltd., Panasonic Corp., Samsung SDI Co. Ltd., Shenzen ACE Battery Co. Ltd., Shenzen Fest Technology Co. Ltd., Shenzhen A&S Power Technology Co. Ltd., Shenzhen BAK Power Battery Co. Ltd., Shenzhen XTAR Electronics Co. Ltd., Sony Group Corp., Taiwan Cement Ltd., Tesla Inc., and TianJin Lishen Battery Joint Stock Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this 21700 Lithium-Ion Battery Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive 21700 lithium-ion battery market growth during the next five years
  • Precise estimation of the 21700 lithium-ion battery market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the 21700 lithium-ion battery industry across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of 21700 lithium-ion battery market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Automotive - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Automotive - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Automotive - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Automotive - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Automotive - Year-over-year growth 2021-2026 (%)
    • 5.4 Others - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Application
      • Exhibit 36: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 Japan - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 India - Market size and forecast 2021-2026
      • Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 EVE Energy Co. Ltd.
              • Exhibit 89: EVE Energy Co. Ltd. - Overview
              • Exhibit 90: EVE Energy Co. Ltd. - Business segments
              • Exhibit 91: EVE Energy Co. Ltd. - Key news
              • Exhibit 92: EVE Energy Co. Ltd. - Key offerings
              • Exhibit 93: EVE Energy Co. Ltd. - Segment focus
            • 10.4 Far East Holding Group Co. Ltd.
              • Exhibit 94: Far East Holding Group Co. Ltd. - Overview
              • Exhibit 95: Far East Holding Group Co. Ltd. - Business segments
              • Exhibit 96: Far East Holding Group Co. Ltd. - Key offerings
              • Exhibit 97: Far East Holding Group Co. Ltd. - Segment focus
            • 10.5 Guangdong CVATOP New Energy Technology Co. Ltd.
              • Exhibit 98: Guangdong CVATOP New Energy Technology Co. Ltd. - Overview
              • Exhibit 99: Guangdong CVATOP New Energy Technology Co. Ltd. - Business segments
              • Exhibit 100: Guangdong CVATOP New Energy Technology Co. Ltd. - Key offerings
              • Exhibit 101: Guangdong CVATOP New Energy Technology Co. Ltd. - Segment focus
            • 10.6 Guangzhou Great Power Energy and Technology Co. Ltd.
              • Exhibit 102: Guangzhou Great Power Energy and Technology Co. Ltd. - Overview
              • Exhibit 103: Guangzhou Great Power Energy and Technology Co. Ltd. - Business segments
              • Exhibit 104: Guangzhou Great Power Energy and Technology Co. Ltd. - Key offerings
              • Exhibit 105: Guangzhou Great Power Energy and Technology Co. Ltd. - Segment focus
            • 10.7 LG Chem Ltd.
              • Exhibit 106: LG Chem Ltd. - Overview
              • Exhibit 107: LG Chem Ltd. - Business segments
              • Exhibit 108: LG Chem Ltd. - Key news
              • Exhibit 109: LG Chem Ltd. - Key offerings
              • Exhibit 110: LG Chem Ltd. - Segment focus
            • 10.8 Panasonic Corp.
              • Exhibit 111: Panasonic Corp. - Overview
              • Exhibit 112: Panasonic Corp. - Business segments
              • Exhibit 113: Panasonic Corp. - Key offerings
              • Exhibit 114: Panasonic Corp. - Segment focus
            • 10.9 Samsung SDI Co. Ltd.
              • Exhibit 115: Samsung SDI Co. Ltd. - Overview
              • Exhibit 116: Samsung SDI Co. Ltd. - Business segments
              • Exhibit 117: Samsung SDI Co. Ltd. - Key offerings
              • Exhibit 118: Samsung SDI Co. Ltd. - Segment focus
            • 10.10 Shenzhen BAK Power Battery Co. Ltd.
              • Exhibit 119: Shenzhen BAK Power Battery Co. Ltd. - Overview
              • Exhibit 120: Shenzhen BAK Power Battery Co. Ltd. - Business segments
              • Exhibit 121: Shenzhen BAK Power Battery Co. Ltd. - Key offerings
              • Exhibit 122: Shenzhen BAK Power Battery Co. Ltd. - Segment focus
            • 10.11 Taiwan Cement Ltd.
              • Exhibit 123: Taiwan Cement Ltd. - Overview
              • Exhibit 124: Taiwan Cement Ltd. - Business segments
              • Exhibit 125: Taiwan Cement Ltd. - Key news
              • Exhibit 126: Taiwan Cement Ltd. - Key offerings
              • Exhibit 127: Taiwan Cement Ltd. - Segment focus
            • 10.12 TianJin Lishen Battery Joint Stock Co. Ltd.
              • Exhibit 128: TianJin Lishen Battery Joint Stock Co. Ltd. - Overview
              • Exhibit 129: TianJin Lishen Battery Joint Stock Co. Ltd. - Business segments
              • Exhibit 130: TianJin Lishen Battery Joint Stock Co. Ltd. - Key offerings
              • Exhibit 131: TianJin Lishen Battery Joint Stock Co. Ltd. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 132: Inclusions checklist
                • Exhibit 133: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 134: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 135: Research methodology
                • Exhibit 136: Validation techniques employed for market sizing
                • Exhibit 137: Information sources
              • 11.5 List of abbreviations
                • Exhibit 138: List of abbreviations
              • o

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                TechnavioINFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases
                Technavio

                TechnavioDATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts
                Technavio

                TechnavioREPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape
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                The 21700 lithium-ion battery market growth will increase by $2036.17 million during 2022-2026.
                The 21700 lithium-ion battery market is expected to grow at a CAGR of 10.17% during 2022-2026.
                Technavio has segmented the 21700 lithium-ion battery market by application (Automotive and Others) and geographic (APAC, Europe, North America, South America, and Middle East and Africa).
                AA Portable Power Corp., EVE Energy Co. Ltd., Far East Holding Group Co. Ltd., GODI India Pvt. Ltd., Guangdong CVATOP New Energy Technology Co. Ltd., Guangzhou Great Power Energy and Technology Co. Ltd., Jiangsu Tianpeng Power Supply Co. Ltd., LG Chem Ltd., Murata Manufacturing Co. Ltd., Panasonic Corp., Samsung SDI Co. Ltd., Shenzen ACE Battery Co. Ltd., Shenzen Fest Technology Co. Ltd., Shenzhen A&S Power Technology Co. Ltd., Shenzhen BAK Power Battery Co. Ltd., Shenzhen XTAR Electronics Co. Ltd., Sony Group Corp., Taiwan Cement Ltd., Tesla Inc., TianJin Lishen Battery Joint Stock Co. Ltd. are a few of the key vendors in the 21700 lithium-ion battery market.
                APAC will register the highest growth rate of 39.32% among the other regions. Therefore, the 21700 lithium-ion battery market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
                The key factors driving the 21700 lithium-ion battery market growth are:
                • Improved capacity and performance factor
                • Rise in battery recycling initiatives
                The 21700 lithium-ion battery market vendors should focus on grabbing business opportunities from the automotive segment as it accounted for the largest market share in the base year.
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