Dublin, March 26, 2025 (GLOBE NEWSWIRE) -- The "Cylindrical Lithium Ion Battery Global Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application, Product Type" report has been added to ResearchAndMarkets.com's offering.
Cylindrical lithium-ion batteries are high-energy-density power sources characterized by their cylindrical shape, durability, and versatility, powering applications such as power banks, laptops, power tools, electric vehicles (EVs), smart home devices, and more. The market excels in meeting the demands of portable electronics, electrification, and renewable energy integration, driven by consumer tech proliferation, EV growth, and sustainability goals. Trends include the shift toward advanced chemistries like NMC and LiFePO4, enhanced safety features, and recycling initiatives, positioning these batteries as essential in the transition to efficient, eco-friendly energy systems.
Market Size and Growth Forecast
The global cylindrical lithium-ion battery market is estimated to be valued between USD 15 billion and USD 17 billion in 2025, with a CAGR of 7.5% to 9% from 2025 to 2030, reaching USD 23 billion to USD 26 billion by 2030.
Regional Analysis
Asia Pacific grows at 8.0-9.5%, led by China and South Korea, where EV production and consumer electronics dominate, with trends favoring mass production and cost efficiency. North America grows at 7.0-8.5%, with the U.S. focusing on power tools and EVs, trending toward premium, high-performance designs. Europe grows at 7.5-9%, with Germany emphasizing EV batteries, leaning toward sustainable, recyclable solutions. The Middle East and Africa (MEA) grow at 6.0-7.5%, with the UAE targeting smart home applications, favoring efficient options. South America grows at 6.5-8%, with Brazil prioritizing laptops and power banks, trending toward affordable, accessible batteries.
Application Analysis
Electric vehicles lead with 30-35%, growing at 8.5-10%, driven by EV adoption, with trends in high-capacity, fast-charging designs. Power tools account for 20-25%, growing at 7.5-9%, focusing on cordless efficiency, with advancements in durability. Laptops hold 15-20%, growing at 7.0-8.5%, with trends in slim, lightweight batteries. Power banks represent 10-15%, growing at 7.0-8.5%, with trends in portable, high-capacity units. Smart home devices account for 5-10%, growing at 7.5-9%, with trends in IoT integration. Others grow at 6.0-7.5%, with niche uses in medical devices and more.
Product Type Analysis
NMC/NCA batteries dominate with 40-45%, growing at 8.0-9.5%, valued for high energy density, with trends in EV and laptop applications. LiFePO4 batteries account for 25-30%, growing at 7.5-9%, focusing on safety and longevity, with advancements in power tools and smart homes. LiCoO2 batteries hold 20-25%, growing at 7.0-8.5%, with trends in consumer electronics like laptops. Others represent 5-10%, growing at 6.5-8%, with niche applications in specialty devices.
Key Market Players
- Panasonic
- Murata
- Samsung SDI
- LG Energy Solution
- Far East Battery
- BAK Power
- Tianjin Lishen
- EVE Battery
- Tenpower
- Sichuan Changhong
- Jiangsu Highstar
- Tianneng
Tariff conflicts, particularly between the U.S. and China, are driving cylindrical lithium-ion battery supply chains toward localization. Escalating duties on lithium and battery components push firms like Panasonic to expand regional production in North America and Japan, increasing costs but ensuring supply stability and compliance with local regulations, while fostering innovations like high-capacity EV batteries tailored to regional needs. In Europe, companies like LG Energy Solution enhance local manufacturing to avoid tariffs and meet stringent sustainability mandates, straining short-term margins but bolstering resilience and enabling recyclable NMC solutions for the EV market.
In Asia Pacific, Chinese players like Tianjin Lishen shift production to Southeast Asian hubs like Thailand, risking quality consistency but improving trade adaptability, potentially driving localized advancements such as cost-effective LiFePO4 batteries for power tools, though higher logistics and quality control costs challenge pricing competitiveness in a cost-sensitive region. These localization efforts enhance supply security but complicate global coordination and cost efficiency.
Market Opportunities and Challenges
Opportunities
- Electric vehicle boom: Rapid EV adoption drives demand, aligning with electrification trends and offering substantial growth in Asia Pacific and Europe.
- Consumer electronics growth: Proliferation of laptops and power banks boosts adoption, tapping into portable tech trends and creating opportunities in North America and beyond.
- Smart home expansion: IoT integration enhances market appeal, leveraging connectivity trends to meet growing needs in smart home applications globally.
- Emerging markets: Tech and mobility growth in Asia Pacific and South America fuel demand, leveraging scalable, cost-effective solutions to address expanding energy needs.
Challenges
- High production costs: Complex manufacturing limits affordability, posing barriers to penetration in price-sensitive markets where cost is a key factor, necessitating cost optimization.
- Substitute competition: Alternative battery types threaten market share, requiring continuous differentiation through energy density, safety, and sustainability to maintain competitiveness.
- Regulatory complexity: Diverse safety and environmental standards increase compliance costs, slowing market entry and demanding extensive adaptations, particularly in Europe and North America.
- Supply chain vulnerabilities: Tariff-driven disruptions and raw material shortages risk delays, compelling firms to invest in localized production or absorb higher costs, testing strategic flexibility in a volatile trade environment.
Key Topics Covered:
Chapter 1 Executive Summary
Chapter 2 Abbreviation and Acronyms
Chapter 3 Preface
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Cylindrical Lithium Ion Battery Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Trading Analysis
8.1 Export of Cylindrical Lithium Ion Battery by Region
8.2 Import of Cylindrical Lithium Ion Battery by Region
8.3 Balance of Trade
Chapter 9 Historical and Forecast Cylindrical Lithium Ion Battery Market in North America (2020-2030)
Chapter 10 Historical and Forecast Cylindrical Lithium Ion Battery Market in South America (2020-2030)
Chapter 11 Historical and Forecast Cylindrical Lithium Ion Battery Market in Asia & Pacific (2020-2030)
Chapter 12 Historical and Forecast Cylindrical Lithium Ion Battery Market in Europe (2020-2030)
Chapter 13 Historical and Forecast Cylindrical Lithium Ion Battery Market in MEA (2020-2030)
Chapter 14 Summary For Global Cylindrical Lithium Ion Battery Market (2020-2025)
14.1 Cylindrical Lithium Ion Battery Market Size
14.2 Cylindrical Lithium Ion Battery Demand by End Use
14.3 Competition by Players/Suppliers
14.4 Type Segmentation and Price
Chapter 15 Global Cylindrical Lithium Ion Battery Market Forecast (2025-2030)
15.1 Cylindrical Lithium Ion Battery Market Size Forecast
15.2 Cylindrical Lithium Ion Battery Demand Forecast
15.3 Competition by Players/Suppliers
15.4 Type Segmentation and Price Forecast
Chapter 16 Analysis of Global Key Vendors
- Panasonic
- Murata
- Samsung SDI
- LG Energy Solution
- Far East Battery
- BAK Power
- Tianjin Lishen
- EVE Battery
- Tenpower
- Sichuan Changhong
- Jiangsu Highstar
- Tianneng
For more information about this report visit https://www.researchandmarkets.com/r/z1oos
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