8650 Lithium Battery Sales Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

8650 Lithium Battery Sales Market Size

Due to the COVID-19 pandemic, the global 18650 Lithium Battery market size is estimated to be worth US$ 5374 million in 2022 and is forecast to a readjusted size of US$ 4691 million by 2029 with a CAGR of -1.9% during the forecast period 2023-2029.

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18650 Lithium Battery Market Trends

Standard rechargeable (NiMH-LSD) batteries are heavier and have less power density than 18650 cells. Additionally, they are more effective in practical applications, an 18650 battery will provide more capacity than a NiMH-LSD battery. This factor is expected to drive the growth of the 18650 Lithium Battery market.

Inside their housing, the majority of power banks actually house 18650 battery cells or other li-ion cells. This is further expected to fuel the 18650 Lithium Battery market.

Furthermore, because of their dependability, lengthy run periods, and capacity to be recharged numerous times, these batteries are utilized in torches, laptops, electronics, and even some electric cars. This is expected to drive the growth of the 18650 Lithium Battery market.

The 18650 is a lithium cell that transforms into a battery when used in a pack. A lithium battery typically incorporates circuitry that guards against accidents and abuse during charging and draining. Cells do not need to be individually safeguarded when such circuitry is used.

18650 Lithium Battery Market Share Analysis

Asia-Pacific accounts for nearly 70% of the global market, making it the largest region.

The top three manufacturers of 18650 lithium batteries-Panasonic (Sanyo), Samsung SDI, and LG Chem-combine for an 80% market share.

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Segment by Type
• LiCoO2 Battery
• NMC/NCA Battery
• LiFePO4 Battery
• Others

Segment by Application
• Power Banks
• Laptop Battery Packs
• Electric Vehicles
• Flashlights
• Cordless Power Tools
• Others

BY REGION
• United States
• Europe
• China
• Japan
• Southeast Asia
• India

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This release was published on openPR.