LONDON–(BUSINESS WIRE)–The worldwide cylindrical lithium-ion battery market dimension is predicted to develop by USD 8.45 billion as per Technavio. This marks a major market decelerate in comparison with the 2019 development estimates because of the affect of the COVID-19 pandemic within the first half of 2020. Nevertheless, regular development is predicted to proceed all through the forecast interval, and the market is predicted to develop at a CAGR of 13%. Request Free Sample Report on COVID-19 Impacts
Learn the 120-page report with TOC on “Cylindrical Lithium-Ion Battery Market Evaluation Report by Software (Automotive, Industrial, and Others) and Geography (APAC, North America, Europe, South America, and MEA), and the Phase Forecasts, 2020-2024”.
The market is pushed by the rise in demand for energy banks. As well as, the rising adoption of EVs is anticipated to spice up the expansion of the cylindrical lithium-Ion battery market.
There’s a substantial enhance within the adoption of energy banks throughout the globe because of the rising penetration of smartphones, intensive use of Web companies by way of completely different purposes, and rising inclination towards fourth-generation (4G) mobile expertise. As well as, the necessity for power-on-the-go to cost cell gadgets and rising development for extra individuals accessing high-quality digital content material are additionally encouraging the adoption of energy banks. Many of the energy banks use batteries akin to cylindrical lithium-ion battery to retailer power. They’ve a mini or micro USB for charging and full-sized USB sockets for discharging. Thus, the rise in demand for energy banks is predicted to drive market development throughout the forecast interval.
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Main 5 Cylindrical Lithium-Ion Battery Firms:
Dongguan Giant Electronics Co. Ltd.
Dongguan Giant Electronics Co. Ltd. gives a variety of power storage options akin to lithium energy battery, power storage battery, lithium polymer battery, 18650 lithium battery, lithium ion battery, and low temperature battery amongst others. The corporate gives a line of merchandise akin to 14500 lithium ion battery, 18500 lithium ion battery, and 18650 lithium ion battery amongst others.
Hitachi Ltd. has enterprise operations below varied segments akin to info and telecommunication methods, social infrastructure and industrial methods, digital methods and tools, automotive methods, excessive perform supplies and elements, building equipment, and sensible life and ecofriendly methods. The corporate gives a line of lithium-ion batteries for hybrid electrical automobiles akin to cylindrical / prismatic lithium-ion battery cell, 115V lithium-ion battery module, and 173V lithium-ion battery module amongst others.
LG Chem Ltd.
LG Chem Ltd. operates its enterprise by way of varied segments akin to petrochemicals, power options, superior supplies, life sciences, and customary and others. The corporate gives lithium-ion batteries which are utilized in laptop computer, energy device, electrical bicycle, and electrical motorbike purposes.
Murata Manufacturing Co. Ltd.
Murata Manufacturing Co. Ltd. has enterprise operations below two segments: elements and modules. The corporate gives a line of cylindrical lithium ion secondary batteries which are used at excessive fee and keep excessive capability.
Padre Electronics Co. Ltd.
Padre Electronics Co. Ltd. develops and manufactures prime quality lithium polymer battery cells, battery packs, and lithium-ion battery customized energy packs akin to lithium polymer battery, lithium ion battery, RC battery cells and lipo packs, and tremendous batteries amongst others. The corporate gives a line of merchandise akin to 3.7V 9000mAh 26650 li-ion rechargeable battery, 3.7V 4500mAh 26650 li-ion battery pack, 3.7V, 11.1v 8800mAh li-ion rechargeable battery pack, 11.1v 8800mAh li-ion rechargeable battery pack, and 11.1v 2200mAh 18650 li-ion battery pack amongst others.
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Cylindrical Lithium-Ion Battery Software Outlook (Income, USD bn, 2020-2024)
Cylindrical Lithium-Ion Battery Regional Outlook (Income, USD bn, 2020-2024)
- North America
- South America
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