Cylindrical Lithium-Ion Battery Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR44713
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The cylindrical lithium-ion battery market has the potential to grow by USD 9.81 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 6.79%.

This cylindrical 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 market segmentation by application (automotive, industrial, and others) and geography (APAC, North America, Europe, South America, and MEA). The cylindrical lithium-ion battery market report also offers information on several market vendors, including DLG (Shanghai) Electronic Technology Co. Ltd., Hitachi Ltd., LG Chem Ltd., Murata Manufacturing Co. Ltd., OptimumNano Energy Co. Ltd., Padre Electronics Co. Ltd., Panasonic Corp., PowerTech Systems, Samsung SDI Co. Ltd., and Shenzhen Cham Battery Technology Co. Ltd. among others.

What will the Cylindrical Lithium-Ion Battery Market Size be in 2021?

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Cylindrical Lithium-Ion Battery Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The shift in the automotive industry to EVs is notably driving the cylindrical lithium-ion battery market growth, although factors such as safety concerns in li-ion batteries 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 cylindrical 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.

  • One of the key factors driving growth in the cylindrical lithium-ion battery market is the shift in the automotive industry to EVs.
  • The popularity of EVs is increasing owing to growing concerns over environmental pollution and a shift toward a more sustainable ecosystem in the automotive industry.
  • Li-ion batteries will be a dominant power solution for EVs, with the global future policy frameworks increasing the confidence of manufacturers and stakeholders in the future policy frameworks and the mobilization of investments.
  • The increase in demand for power banks and charging systems is another major factor supporting the cylindrical lithium-ion battery market.
  • The increasing global penetration of smartphones and the fast battery depletion in mobile devices have caused a growing demand for power banks.
  • Li-ion batteries are the dominant source of energy storage in these devices, and among the different types of Li-ion batteries, cylindrical Li-ion batteries are the most popular.

This cylindrical 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 2021-2025.

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

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

 

  • DLG (Shanghai) Electronic Technology Co. Ltd.
  • Hitachi Ltd.
  • LG Chem Ltd.
  • Murata Manufacturing Co. Ltd.
  • OptimumNano Energy Co. Ltd.
  • Padre Electronics Co. Ltd.
  • Panasonic Corp.
  • PowerTech Systems
  • Samsung SDI Co. Ltd.
  • Shenzhen Cham Battery Technology Co. Ltd.

 

This statistical study of the cylindrical lithium-ion battery market encompasses successful business strategies deployed by the key vendors. The cylindrical lithium-ion battery market is fragmented and the vendors are deploying growth strategies such as forming strategic partnerships to compete in the market.

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 cylindrical 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. 

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

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59% of the market’s growth will originate from APAC during the forecast period. China, South Korea (Republic of Korea), and Japan are the key markets for the cylindrical lithium-ion battery market in APAC. Market growth in this region will be faster than the growth of the market in the European, North American, and MEA regions.

The automotive industry is the major end-user of cylindrical Li-ion batteries which is one of the factors responsible for the dominance of the market in the region. This will facilitate the cylindrical 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.

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

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The cylindrical lithium-ion battery market share growth by the automotive segment will be significant during the forecast period. The segment will experience rapid growth during the forecast period due to the high uptake from the EVs segment. Cylindrical Li-ion batteries have reached a higher level of battery compliance, production automation and are more secure and lightweight. As a result, these batteries are cheaper to produce than prismatic or laminate Li-ion batteries, thus, resulting in higher acceptance from leading EV manufacturers such as Tesla. 

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

 

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What are the Key Factors Covered in this Cylindrical Lithium-Ion Battery Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive cylindrical lithium-ion battery market growth during the next five years
  • Precise estimation of the cylindrical 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 cylindrical lithium-ion battery industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of cylindrical lithium-ion battery market vendors

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Cylindrical Lithium-Ion Battery Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6.79%

Market growth 2021-2025

$ 9.81 billion

Market structure

Fragmented

YoY growth (%)

4.25

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 59%

Key consumer countries

China, US, Japan, South Korea (Republic of Korea), and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

DLG (Shanghai) Electronic Technology Co. Ltd., Hitachi Ltd., LG Chem Ltd., Murata Manufacturing Co. Ltd., OptimumNano Energy Co. Ltd., Padre Electronics Co. Ltd., Panasonic Corp., PowerTech Systems, Samsung SDI Co. Ltd., and Shenzhen Cham Battery Technology Co. Ltd.

Market Dynamics

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

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Automotive - Market size and forecast 2020-2025
    • Industrial - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Application

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • DLG (Shanghai) Electronic Technology Co. Ltd.
      • Hitachi Ltd.
      • LG Chem Ltd.
      • Murata Manufacturing Co. Ltd.
      • OptimumNano Energy Co. Ltd.
      • Padre Electronics Co. Ltd.
      • Panasonic Corp.
      • PowerTech Systems
      • Samsung SDI Co. Ltd.
      • Shenzhen Cham Battery Technology Co. Ltd.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      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 cylindrical lithium-ion battery market growth will increase by $8.45 billion during 2019-2024.
      The cylindrical lithium-ion battery market is expected to grow at a CAGR of 13.05% during 2019-2024.
      Technavio has segmented the cylindrical lithium-ion battery market by application (Automotive, Industrial, and Others) and geographic (APAC, North America, Europe, South America, and MEA).
      Dongguan Large Electronics Co. Ltd., Hitachi Ltd., LG Chem Ltd., Murata Manufacturing Co. Ltd., Padre Electronics Co. Ltd., Panasonic Corp., PowerTech Systems, Samsung SDI Co. Ltd., Shenzhen Auto-Energy Technology Ltd., Shenzhen Cham Battery Technology Co. Ltd. are a few of the key vendors in the cylindrical lithium-ion battery market.
      APAC will register the highest growth rate of 57.63% among the other regions. Therefore, the cylindrical lithium-ion battery market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • China
      • US
      • Japan
      • South Korea (Republic of Korea)
      • Germany
      The key factors driving the cylindrical lithium-ion battery market growth are:
      • Shift in the automotive industry to EVs
      The cylindrical 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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