The global Cylindrical Lithium-ion Battery Market was valued at USD 22,784.72 million in 2024 and is expected to grow to a strong CAGR of around 18.7% during the forecast period 2025-2033
Cylindrical lithium-ion battery is a kind of rechargeable battery that is cylindrical, round, tube-like, and metal cased with the purpose of supplying high energy density, stability, and durability. The most popular sizes are 18650, 21700, and the new 4680. These batteries are components of an anode, cathode, separator, and electrolyte that are wound tightly in a cylindrical shape that improves thermal management and structural stability. Moreover, with common applications in electric cars, hand tools, medical equipment, and consumer electronic devices, cylindrical lithium-ion batteries have a standardized design that allows scale and mass production, and have a low cost with high-performance energy storage systems.
The Cylindrical Lithium-Ion Battery market is increasing as a result of the increased demand for electric vehicles, consumer electronics, and energy storage systems. Their small size, structural robustness, and high energy density factors make them very convenient in scalable usage, particularly among battery packs within the EVs, where cells such as 21700 and 4680, etc, are becoming more popular. New battery chemistry, enhanced automation of battery production, and their affordability also aid the use of these batteries. Moreover, the rate of market expansion is also being boosted by government initiatives in clean energy, as well as rising concern over the environment and greater investment in the production and recycling of batteries in local facilities.
List of Top Companies Operating in Cylindrical Lithium-Ion Battery Worldwide:
The global cylindrical lithium-ion battery market has several major players, including Panasonic Corporation, LG Energy Solution, Samsung SDI Co., Ltd., Murata Manufacturing Co., Ltd., and Contemporary Amperex Technology Co., Limited. More information about these companies has been provided below:
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Panasonic Corporation
Panasonic Holdings Corporation, together with its subsidiaries, researches, develops, manufactures, sells, and services various electrical and electronic products worldwide. It operates through five segments: Lifestyle, Automotive, Connect, Industry, and Energy. The Energy segment provides dry and micro batteries; small secondary batteries, including cells and their system products; and cylindrical lithium-ion batteries for in-vehicle use. The company also offers TVs, digital cameras, video and audio equipment, telephones, kitchen and bath, interior and exterior finishing materials, and raw materials.
LG Energy Solution
LG Energy Solution Ltd. provides energy solutions worldwide. The company offers automotive batteries, which include pouch-type battery cells, modules/packs, and battery management system products for use in electric vehicle batteries; mobility and IT batteries for various applications in IT devices, such as smartphones and laptops, as well as light electric vehicles, electric bicycles, power tools, and wireless earphones; and energy storage systems that are used in power grids, UPS, and commercial and residential applications. It operates in South Korea, China, and the United States. LG Energy Solution, Ltd. was founded in 2020 and is headquartered in Seoul, South Korea.
Samsung SDI Co., Ltd
Samsung SDI Co., Ltd. manufactures and sells batteries in South Korea, Europe, China, North America, Southeast Asia, and internationally. The company operates through Energy Solutions and Electronic Materials segments. It offers small-sized lithium-ion batteries used in laptops, tablets, mobile phones, wearable devices, power banks, power tools, garden tools, vacuum cleaners, e-bikes, e-scooters, and ignition products; automotive batteries; and energy storage systems for use in residential, utility, commercial, UPS, and base transceiver station applications. Further, it manufactures and sells rechargeable battery raw materials and invests in new technology venture businesses.
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Murata Manufacturing Co., Ltd
Murata Manufacturing Co., Ltd. designs, manufactures, and sells ceramic-based passive electronic components and solutions in Japan and internationally. The company offers capacitors, inductors, noise suppression products/EMI suppression filters/ESD protection devices, resistors, thermistors, sensors, timing devices, quartz devices, sound components, power products, batteries, micro mechatronics, RFID product, baluns, couplers, filters, phase shifters, RF switches, front-end modules, SAW components, connectors, antennas, connectivity modules, wireless connectivity platforms, ionizers/active oxygen modules, and transformers. It also offers Femtet, a CAE software that solves various engineering challenges, and provides a silver oxide battery. In addition, the company provides connectivity, Wi-Fi sensing, IOT, AI, and RFID solutions.
Contemporary Amperex Technology Co., Limited
Contemporary Amperex Technology Co., Limited engages in the development, production, sale, and energy storage batteries and systems worldwide. It offers EV batteries, such as battery cells, battery modules/racks, and battery packs; ESS batteries comprise battery cells, battery racks, containers, and other systems; and battery material products, which include lithium compounds, precursors, cathode materials, as well as battery recycling and after-sales services. The company’s products are used in passenger vehicles, road passenger transportation, urban delivery, heavy-duty transport, urban street cleaning, construction, two-wheeled vehicles, vessels, special vehicles, front-of-the-meter energy storage system, and behind-the-meter energy storage system, as well as emerging applications, such as machinery, vessels, aircraft, and other applications.
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