Press release
Large Cylindrical Battery Market Expansion Continues, with Forecast Valuation of $9.93 Billion by 2029
Large Cylindrical Battery
Large Cylindrical Battery Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the large cylindrical battery market has seen quick expansion in recent times. A leap is projected from a worth of $5.51 billion in 2024 to that of $6.22 billion in 2025, with a compound annual growth rate (CAGR) of 12.8%. Elements contributing to the epoch growth include the rise of automation in battery fabrication, escalating use of cylindrical batteries in essential backup systems, increased application of cylindrical cells in power tools and industrial apparatus, heightened attention on improved battery safety measures, and a growing concentration on the expansion of manufacturing hubs.
Large Cylindrical Battery Market Size Forecast: What's the Projected Valuation by 2029?
The sizable market for large cylindrical batteries is projected to experience accelerated expansion in the coming periods, with expected growth to $9.94 billion by 2029 at a 12.4% CAGR. This progression in the forecast era is linked to factors such as increased use of these batteries in robust backup and infrastructure resilience systems, rising employment of secondary (second-life) batteries, adoption of circular economy tactics, increased use in battery modular designs, and a spike in high-voltage battery applications. Significant trends expected throughout the forecast period encompass the integration of AI-based battery health tracking systems, implementation of IoT connectivity for intelligent energy management, application of digital twin technology for simulating battery lifespan, addition of wireless charging functionalities, and the amalgamation of hybrid energy storage systems.
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What Are the Drivers Transforming the Large Cylindrical Battery Market?
The anticipated surge in the adoption of electric vehicles (EVs) is set to drive the upward trend of the large cylindrical battery market. Electric vehicles, which completely or partially depend on electric motors and use batteries to store and supply energy for locomotion, are becoming increasingly popular. This growing popularity can be attributed to heightened environmental consciousness, with people and governments alike leaning towards EVs in a bid to reduce greenhouse gas emissions and combat climate change. Large cylindrical batteries offer these vehicles a reliable source of high power with an extended range. Additionally, they facilitate quick charging and ensure reliable performance for drive systems and onboard equipment. For example, data from the Energy Information Administration, a US-based government organization, shows that in January 2024, the combined sales for hybrid, plug-in hybrid, and battery electric vehicles constituted 16.3% of overall U.S. light-duty vehicle sales in 2023, a substantial increase from 12.9% in 2022. Thus, the escalating use of electric vehicles (EVs) is a key factor propelling the large cylindrical battery market's expansion.
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What Long-Term Trends Will Define the Future of the Large Cylindrical Battery Market?
Key players in the broader cylindrical battery market are keen on innovating new-age products like ultra-low-temperature cylindrical batteries to boost performance, safety, and trustworthiness under tough operational environments. Ultra-low-temperature cylindrical batteries are high-performance lithium-ion batteries crafted in a cylindrical design. They deliver consistent power even under harshly cold conditions and ensure efficient charging and discharging, safety, and dependability even when the temperature falls as low as -30°C. For instance, In May 2025, Tailan New Energy, a firm based in China that specializes in battery manufacturing and energy technology, introduced a Cold Core Battery. The goal is to augment the performance and reliability of batteries in ultra-low temperature settings, and enhance safety and energy density for applications like electric vehicles and energy storage. This large cylindrical battery sets a new standard in fast-charging performance, with a breakthrough capability of 6C - it can charge from 10% to 80% in as little as nine minutes. Unique features like its groundbreaking axial through-structural design, combined with state-of-the-art ring-welding and spool reinforcement manufacturing methods, significantly improve thermal management and decrease internal resistance.
Which Segments in the Large Cylindrical Battery Market Offer the Most Profit Potential?
The large cylindrical battery market covered in this report is segmented as
1) By Battery Type: Lithium-Ion, Nickel-Cadmium, Nickel-Metal Hydride, Other Battery Types
2) By Capacity: Below 3000 Milliampere-Hour (mAh), 3000-5000 Milliampere-Hour (mAh), Above 5000 Milliampere-Hour (mAh)
3) By Distribution Channel: Online, Offline
4) By Application: Electric Vehicles, Grid Energy Storage, Consumer Electronics
5) By End-User Industry: Automotive, Telecommunications, Renewable Energy, Consumer Goods, Aerospace And Defense
Subsegments:
1) By Lithium-Ion: Lithium Iron Phosphate (LFP), Nickel Cobalt Aluminum Oxide (NCA), Nickel Manganese Cobalt Oxide (NMC), Lithium Manganese Oxide (LMO), Lithium Cobalt Oxide (LCO)
2) By Nickel-Cadmium: Vented Nickel-Cadmium, Sealed Nickel-Cadmium
3) By Nickel-Metal Hydride (NiMH): Low Self-Discharge Nickel-Metal Hydride (NiMH), High-Capacity Nickel-Metal Hydride (NiMH)
4) By Other Battery Types: Lithium-Titanate, Zinc-Carbon, Alkaline, Solid-State
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Which Firms Dominate the Large Cylindrical Battery Market by Market Share and Revenue in 2025?
Major companies operating in the large cylindrical battery market are BMW Group, Tesla Inc., BYD Company Limited, Panasonic Holdings Corporation, Contemporary ere*x Technology Co. Limited, LG Energy Solution Ltd., Toshiba Corporation, Samsung SDI Co. Ltd., Murata Manufacturing Co. Ltd., EVE Energy Co. Ltd., Sunwoda Electronic Co. Ltd., Saft Groupe S.A.S., VARTA AG, Guangzhou Great Power Energy & Technology Co. Ltd., Vision Group Co. Ltd., Envision AESC Inc., SVOLT Energy Technology Co. Ltd., BAK Battery Co. Ltd., Molicel, LEAD.
Which Regions Offer the Highest Growth Potential in the Large Cylindrical Battery Market?
Asia-Pacific was the largest region in the large cylindrical battery market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in large cylindrical battery report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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