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Report
Cylindrical Lithium-Ion Battery Market Size Analysis - Market Share, Forecast Trends and Outlook Report (2025-2034)
Market Report I 2025-07-21 I 172 Pages I EMR Inc.
The global market for cylindrical lithium-ion battery reached a value of about USD 67.08 Billion in 2024. The market is further expected to grow at a CAGR of about 19.20% in the forecast period of 2025-2034 to reach a value of around USD 388.47 Billion by 2034, owing to the rapid growth in the sale of plug-in hybrid electric vehicles (PHEVs).
North America and Asia Pacific to be Among the Significant Regional Markets for Cylindrical Lithium-Ion Battery
North America is expected to be one of the significant regional markets for cylindrical lithium-ion batteries due to the availability of advanced technology for efficiently deploying different energy storage systems. The increasing investment by the government for the development of the products in the region is further anticipated to propel market growth.
The Asia Pacific region is anticipated to witness robust growth due to a rapid rise in portable electronics demand and the rising concerns about effectively curbing carbon discharges from the region. China, South Korea, and Japan are the key markets for the cylindrical lithium-ion battery market in Asia Pacific. Continuous developments in the consumer electronics and automotive verticals have increased the application of lithium-ion batteries as they offer various advantages, such as high-power capacity, increased safety, and reduced pollution. Several countries in the Asia Pacific region are planning off-grid electrification, especially in remote areas, which is expected to accelerate the market growth in the region.
Automotive Segment Expected to Lead the Market Growth
During the forecast period, the automotive segment is expected to hold the largest share in the cylindrical lithium-ion battery market. Battery-driven vehicles, such as electric vehicles, e-bikes, and automated guided vehicles, are major consumers of cylindrical lithium-ion batteries. Increasing adoption and awareness of electric vehicles propels the growth of the market. Favourable government policies and rising measures to curb greenhouse gas emissions are also expected to augment the segment growth.
Market Segmentations
Cylindrical lithium batteries have electrodes enclosed in a cylindrical cell that is tightly wound within a specifically constructed metal casing. This distinct design helps to reduce the likelihood of the electrode material within breaking apart, even under the most rigorous use conditions.
The different types of cylindrical lithium-ion batteries are:
- Lithium Nickel Manganese Cobalt (LI-NMC)
- Lithium Iron Phosphate (LFP)
- Lithium Cobalt Oxide (LCO)
- Lithium Titanate Oxide (LTO)
- Lithium Manganese Oxide (LMO)
- Lithium Nickel Cobalt Aluminium Oxide (NCA)
On the basis of capacity, the market is divided into:
- 0-3,000 mAh
- 3,000-10,000 mAh
- 10,000-60,000 mAh
- 60,000 mAh and Above
Based on voltage, the market is segmented into:
- Low (Below 12V)
- Medium (12V - 36V)
- High (Above 36V)
The several industries in the cylindrical lithium-ion battery market are as follows:
- Consumer Electronics
- Automotive
- Aerospace
- Marine
- Medical
- Industrial
- Power
- Telecommunication
The regional markets for the cylindrical lithium-ion battery can be divided into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Increasing Demand for Plug-In Vehicles Propelling the Market Growth
Rapid growth in the sale of plug-in hybrid electric vehicles (PHEVs) due to rising concerns about keeping a check on carbon footprint is anticipated to impact the global cylindrical lithium-ion battery market positively. The growing shift in the automotive industry to EVs and an increase in demand for power banks and charging systems are anticipated to propel the marke4t growth. Also, the rise in demand for consumer electronics across the globe is one of the major factors augmenting the growth of the global market. The penetration of portable variants, such as laptops, gaming consoles, smartphones, torches, and digital cameras, along with high-speed internet connectivity, is significantly impacting the market. In addition, the growing need for battery-operated material-handling equipment in industries due to automation, continued development of smart devices, and growing adoption of lithium-ion batteries in the renewable energy sector is also accelerating the global market growth.
Key Players in the Global Market for Cylindrical Lithium-Ion Battery
The report gives a detailed analysis of the following key players in the global cylindrical lithium-ion battery market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Panasonic Corporation
- LG Energy Solution
- Samsung SDI Co., Ltd.
- TianJin Lishen Battery Joint-Stock CO.,LTD.
- Jiangsu Tenpower Lithium Co., Ltd.
- Shenzhen BAK Battery Co., Ltd.
- EVE Energy Co., Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
More Insights On
Electric Vehicle Lithium-Ion Battery Market
North America Lithium-ion Battery Market
Lithium-ion Battery Market
1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Global Cylindrical Lithium-Ion Battery Market Analysis
5.1 Key Industry Highlights
5.2 Global Cylindrical Lithium-Ion Battery Historical Market (2018-2024)
5.3 Global Cylindrical Lithium-Ion Battery Market Forecast (2025-2034)
5.4 Global Cylindrical Lithium-Ion Battery Market by Type
5.4.1 Lithium Nickel Manganese Cobalt (LI-NMC)
5.4.1.1 Historical Trend (2018-2024)
5.4.1.2 Forecast Trend (2025-2034)
5.4.2 Lithium Iron Phosphate (LFP)
5.4.2.1 Historical Trend (2018-2024)
5.4.2.2 Forecast Trend (2025-2034)
5.4.3 Lithium Cobalt Oxide (LCO)
5.4.3.1 Historical Trend (2018-2024)
5.4.3.2 Forecast Trend (2025-2034)
5.4.4 Lithium Titanate Oxide (LTO)
5.4.4.1 Historical Trend (2018-2024)
5.4.4.2 Forecast Trend (2025-2034)
5.4.5 Lithium Manganese Oxide (LMO)
5.4.5.1 Historical Trend (2018-2024)
5.4.5.2 Forecast Trend (2025-2034)
5.4.6 Lithium Nickel Cobalt Aluminium Oxide (NCA)
5.4.6.1 Historical Trend (2018-2024)
5.4.6.2 Forecast Trend (2025-2034)
5.5 Global Cylindrical Lithium-Ion Battery Market by Capacity
5.5.1 0-3,000 mAh
5.5.1.1 Historical Trend (2018-2024)
5.5.1.2 Forecast Trend (2025-2034)
5.5.2 3,000-10,000 mAh
5.5.2.1 Historical Trend (2018-2024)
5.5.2.2 Forecast Trend (2025-2034)
5.5.3 10,000-60,000 mAh
5.5.3.1 Historical Trend (2018-2024)
5.5.3.2 Forecast Trend (2025-2034)
5.5.4 60,000 mAh and Above
5.5.4.1 Historical Trend (2018-2024)
5.5.4.2 Forecast Trend (2025-2034)
5.6 Global Cylindrical Lithium-Ion Battery Market by Voltage
5.6.1 Low (Below 12V)
5.6.1.1 Historical Trend (2018-2024)
5.6.1.2 Forecast Trend (2025-2034)
5.6.2 Medium (12V - 36V)
5.6.2.1 Historical Trend (2018-2024)
5.6.2.2 Forecast Trend (2025-2034)
5.6.3 High (Above 36V)
5.6.3.1 Historical Trend (2018-2024)
5.6.3.2 Forecast Trend (2025-2034)
5.7 Global Cylindrical Lithium-Ion Battery Market by Industry
5.7.1 Consumer Electronics
5.7.1.1 Historical Trend (2018-2024)
5.7.1.2 Forecast Trend (2025-2034)
5.7.2 Automotive
5.7.2.1 Historical Trend (2018-2024)
5.7.2.2 Forecast Trend (2025-2034)
5.7.3 Aerospace
5.7.3.1 Historical Trend (2018-2024)
5.7.3.2 Forecast Trend (2025-2034)
5.7.4 Marine
5.7.4.1 Historical Trend (2018-2024)
5.7.4.2 Forecast Trend (2025-2034)
5.7.5 Medical
5.7.5.1 Historical Trend (2018-2024)
5.7.5.2 Forecast Trend (2025-2034)
5.7.6 Industrial
5.7.6.1 Historical Trend (2018-2024)
5.7.6.2 Forecast Trend (2025-2034)
5.7.7 Power
5.7.7.1 Historical Trend (2018-2024)
5.7.7.2 Forecast Trend (2025-2034)
5.7.8 Telecommunication
5.7.8.1 Historical Trend (2018-2024)
5.7.8.2 Forecast Trend (2025-2034)
5.8 Global Cylindrical Lithium-Ion Battery Market by Region
5.8.1 North America
5.8.1.1 Historical Trend (2018-2024)
5.8.1.2 Forecast Trend (2025-2034)
5.8.2 Europe
5.8.2.1 Historical Trend (2018-2024)
5.8.2.2 Forecast Trend (2025-2034)
5.8.3 Asia Pacific
5.8.3.1 Historical Trend (2018-2024)
5.8.3.2 Forecast Trend (2025-2034)
5.8.4 Latin America
5.8.4.1 Historical Trend (2018-2024)
5.8.4.2 Forecast Trend (2025-2034)
5.8.5 Middle East and Africa
5.8.5.1 Historical Trend (2018-2024)
5.8.5.2 Forecast Trend (2025-2034)
6 North America Cylindrical Lithium-Ion Battery Market Analysis
6.1 United States of America
6.1.1 Historical Trend (2018-2024)
6.1.2 Forecast Trend (2025-2034)
6.2 Canada
6.2.1 Historical Trend (2018-2024)
6.2.2 Forecast Trend (2025-2034)
7 Europe Cylindrical Lithium-Ion Battery Market Analysis
7.1 United Kingdom
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.2 Germany
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
7.3 France
7.3.1 Historical Trend (2018-2024)
7.3.2 Forecast Trend (2025-2034)
7.4 Italy
7.4.1 Historical Trend (2018-2024)
7.4.2 Forecast Trend (2025-2034)
7.5 Others
8 Asia Pacific Cylindrical Lithium-Ion Battery Market Analysis
8.1 China
8.1.1 Historical Trend (2018-2024)
8.1.2 Forecast Trend (2025-2034)
8.2 Japan
8.2.1 Historical Trend (2018-2024)
8.2.2 Forecast Trend (2025-2034)
8.3 India
8.3.1 Historical Trend (2018-2024)
8.3.2 Forecast Trend (2025-2034)
8.4 ASEAN
8.4.1 Historical Trend (2018-2024)
8.4.2 Forecast Trend (2025-2034)
8.5 Australia
8.5.1 Historical Trend (2018-2024)
8.5.2 Forecast Trend (2025-2034)
8.6 Others
9 Latin America Cylindrical Lithium-Ion Battery Market Analysis
9.1 Brazil
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2025-2034)
9.2 Argentina
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2025-2034)
9.3 Mexico
9.3.1 Historical Trend (2018-2024)
9.3.2 Forecast Trend (2025-2034)
9.4 Others
10 Middle East and Africa Cylindrical Lithium-Ion Battery Market Analysis
10.1 Saudi Arabia
10.1.1 Historical Trend (2018-2024)
10.1.2 Forecast Trend (2025-2034)
10.2 United Arab Emirates
10.2.1 Historical Trend (2018-2024)
10.2.2 Forecast Trend (2025-2034)
10.3 Nigeria
10.3.1 Historical Trend (2018-2024)
10.3.2 Forecast Trend (2025-2034)
10.4 South Africa
10.4.1 Historical Trend (2018-2024)
10.4.2 Forecast Trend (2025-2034)
10.5 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter's Five Forces Analysis
11.2.1 Supplier's Power
11.2.2 Buyer's Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Price Analysis
14 Competitive Landscape
14.1 Supplier Selection
14.2 Key Global Players
14.3 Key Regional Players
14.4 Key Player Strategies
14.5 Company Profiles
14.5.1 Panasonic Corporation
14.5.1.1 Company Overview
14.5.1.2 Product Portfolio
14.5.1.3 Demographic Reach and Achievements
14.5.1.4 Certifications
14.5.2 LG Energy Solution
14.5.2.1 Company Overview
14.5.2.2 Product Portfolio
14.5.2.3 Demographic Reach and Achievements
14.5.2.4 Certifications
14.5.3 Samsung SDI Co., Ltd.
14.5.3.1 Company Overview
14.5.3.2 Product Portfolio
14.5.3.3 Demographic Reach and Achievements
14.5.3.4 Certifications
14.5.4 TianJin Lishen Battery Joint-Stock CO.,LTD.
14.5.4.1 Company Overview
14.5.4.2 Product Portfolio
14.5.4.3 Demographic Reach and Achievements
14.5.4.4 Certifications
14.5.5 Jiangsu Tenpower Lithium Co., Ltd.
14.5.5.1 Company Overview
14.5.5.2 Product Portfolio
14.5.5.3 Demographic Reach and Achievements
14.5.5.4 Certifications
14.5.6 Shenzhen BAK Battery Co., Ltd.
14.5.6.1 Company Overview
14.5.6.2 Product Portfolio
14.5.6.3 Demographic Reach and Achievements
14.5.6.4 Certifications
14.5.7 EVE Energy Co., Ltd.
14.5.7.1 Company Overview
14.5.7.2 Product Portfolio
14.5.7.3 Demographic Reach and Achievements
14.5.7.4 Certifications
14.5.8 Others
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