Authored By: Sarah
20 Jul 2022

Cylindrical Lithium-Ion Battery Market: Top Geographies and Market Highlights

Regional Growth Analysis and Market Trends 2022-2026

The cylindrical lithium-ion battery market size will grow by USD 11.88 billion, fragmented at a CAGR of 7.42% during the forecast period. Technavio's research report provides a detailed analysis of the market with insights on trends, drivers, and challenges that are likely to impact market growth. It also provides a competitive analysis of the key market players and their product portfolios.


For a glimpse into our research analysis and insights: View Sample Report


Cylindrical Lithium-Ion Battery Market: APAC to lead market growth during the forecast period

  • APAC emerged as the leading geographical segment in recent years and is expected to contribute 59% of the market growth during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the cylindrical lithium-ion battery market size.
  • The shift in the automotive industry to EVs will be a significant factor in driving the growth of the cylindrical lithium-ion battery market. 
  • The market is segmented by Application (Automotive, Industrial, and Others) and Geography (APAC, North America, Europe, South America, and MEA).

Cylindrical Lithium-Ion Battery Market: Top Geographies and Market Highlights

Cylindrical Lithium-Ion Battery Market: Key Competitors

DLG (Shanghai) Electronics 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. are some of the major market participants. The market is fragmented, and the growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.

Technavio's report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will thus enable clients to assess their play in the market and plan for growth opportunities: Download the PDF Sample Report

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerating at a CAGR of 7.42%.

     
  2. What is the incremental growth of the market?
    The market size is expected to grow by USD 9.81 billion during 2021-2026.

     
  3. What is a key factor driving this market?
    The shift in the automotive industry to EVs will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    APAC, North America, Europe, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market?
    59% growth will originate from APAC.

     
  6. Who are the leading market vendors?
    The leading vendors in this market are DLG (Shanghai) Electronics 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.

     
  7. What are the market segments covered in this report?
    The market is segmented by Application (Automotive, Industrial, and Others) and Geography (APAC, North America, Europe, South America, and MEA).

 

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