Press release
Global Cylindrical Lithium Ion Battery Market to Witness a Pronounce Growth During 2023
A lithium-ion battery or Li-ion battery is a type of rechargeable battery in which lithium ions move from the negative electrode to the positive electrode during discharge and back when charging. Li-ion batteries use an intercalated lithium compound as one electrode material, compared to the metallic lithium used in a non-rechargeable lithium battery. The electrolyte, which allows for ionic movement, and the two electrodes are the constituent components of a lithium-ion battery cell.
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Global Cylindrical Lithium Ion Battery Market: Forecast by Type / Application / Region
Cylindrical lithium ion battery industry is relatively concentrated, manufacturers are mostly in the Japan, Korea and China. Among them, Japan output value accounted for more than 36.33% of the total output value of global cylindrical lithium ion battery in 2016. Panasonic (Sanyo) is the world leading manufacturer in global cylindrical lithium ion battery market with the market share of 50.36%, in terms of revenue.
With the increasing in production capacity, expected that the cylindrical lithium ion battery raw material price will be stable in the short term. However, the improvement of energy, transportation costs, and labor costs, will play a significant role in promoting the cost of cylindrical lithium ion battery.
There are companies aims at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality.
Over the next five years, LPI(LP Information) projects that Cylindrical Lithium Ion Battery will register a 2.1% CAGR in terms of revenue, reach US$ 8630 million by 2023, from US$ 7610 million in 2017.
Global Cylindrical Lithium Ion Battery Market: Key Players
Eastman
Panasonic(Sanyo)
Samsung SDI
LG Chem
Sony
Johnson Controls
Hitachi
Tianjin Lishen
Hefei Guoxuan
Shenzhen Auto-Energy
OptimumNano
DLG Electronics
Zhuoneng New Energy
CHAM BATTERY
Padre Electronic
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Related Information:
United States Cylindrical Lithium Ion Battery Market Research Report 2018
Europe Cylindrical Lithium Ion Battery Market Research Report 2018
North America Cylindrical Lithium Ion Battery Market Research Report 2018
Asia-Pacific Cylindrical Lithium Ion Battery Market Research Report 2018
China Cylindrical Lithium Ion Battery Market Research Report 2018
EMEA Cylindrical Lithium Ion Battery Market Research Report 2018
Global Cylindrical Lithium Ion Battery Market Research Report 2018
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