What are cylindrical lithium-ion batteries used for?

Cylindrical lithium-ion batteries are widely used in high-performance applications such as medical devices, industrial tools, hunting gears, energy storage and consumer electronics. The market for cylindrical lithium-ion batteries was estimated to be worth $67.08 billion worldwide in 2023. It’s expected to reach $325.38 billion by 2032.

What is the market segmentation of cylindrical lithium-ion batteries?

The market segmentation highlights the diverse applications of cylindrical lithium-ion batteries. LiCoO2 batteries currently hold a significant market share, owing to their high energy density, but are gradually being complemented by NMC/NCA and LiFePO4 batteries, particularly in applications requiring enhanced safety and longer lifecycles.

What is the outlook for the cylindrical lithium-ion battery market in 2025?

The cylindrical lithium-ion battery market, valued at $8721.3 million in 2025, is projected to experience steady growth, driven primarily by the increasing demand for portable electronics and electric vehicles. The 2.7% CAGR indicates a consistent, albeit moderate, expansion over the forecast period (2025-2033).

What are the major players in the cylindrical lithium-ion battery market?

The cylindrical lithium-ion battery market is characterized by a high degree of concentration among a select group of major players. Panasonic (Sanyo), Samsung SDI, LG Chem, and Sony hold significant market share, collectively producing tens of millions of units annually.

What is the global market for lithium ion batteries?

The market for cylindrical lithium-ion batteries was estimated to be worth $67.08 billion worldwide in 2023. It’s expected to reach $325.38 billion by 2032. North America, the Middle East, Africa, Europe, and the Asia-Pacific region are the major markets for rechargeable lithium batteries.

Why should you choose a cylinder rechargeable lithium battery?

Cylindrical rechargeable lithium batteries are tightly sealed in specialized metal casings. This helps reduce the risk of electrode material breakdown, ensuring reliability even in harsh conditions. Trusted lithium-ion battery manufacturers provide quality batteries not only offer excellent durability but also have long-lasting power.