Cylindrical Lithium-Ion Battery Market Growth and Forecast 2024

1. Downloaded from: justpaste.it/2lwa7 Cylindrical Lithium-Ion Battery Market Growth, News and Application 2024 Cylindrical Lithium-Ion Battery Market size has the potential to grow by USD 8.45 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. FREE Sample available @ https://www.technavio.com/talk-to-us? report=IRTNTR44713&type=sample&src=report This report provides a detailed analysis of the market by application (automotive, industrial, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Dongguan Large Electronics Co. Ltd., Hitachi Ltd., LG Chem Ltd., Murata Manufacturing Co. Ltd., Padre Electronics Co. Ltd., Panasonic Corp., PowerTech Systems, Samsung SDI Co. Ltd., Shenzhen Auto-Energy Technology Ltd., and Shenzhen Cham Battery Technology Co. Ltd. Market Competitive Analysis The cylindrical lithium-ion battery market is fragmented. The threat of rivalry is high as the market comprises various dominant vendors that compete with each other to increase their market share. Dongguan Large Electronics Co. Ltd., Hitachi Ltd., and LG Chem Ltd. are some of the major market participants. Although the shift in the automotive industry to EVs will offer immense growth opportunities, the competition from other substitute batteries will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. To help clients improve their market position, this cylindrical lithium-ion battery market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this cylindrical lithium-ion battery market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. APAC was the largest cylindrical lithium-ion battery market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The availability of low-cost devices that are powered by cylindrical Li-ion batteries will significantly drive cylindrical Li-ion battery market growth in this region over the forecast period. 58% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for cylindrical lithium-ion battery market in APAC. Market growth in this region will be faster than the growth of the market in Europe, MEA, and North America.

2. Cylindrical Lithium-Ion Battery Market: Key Drivers and Trends EV’s are becoming more popular due to growing concerns over environmental pollution and the shift towards a more sustainable ecosystem in the automotive industry. Many countries are introducing policies to reduce air pollution, aiming towards reducing emission and carbon footprint, and the automotive sector is shifting focus towards electrified cars. In addition, countries like China and the US are providing tax exemptions to owners of EV’s to boost the adoption of these vehicles. This has increased the confidence of manufactures and stakeholders in the future policy framework and the mobilization of investments. The growing adoption of EV’s owing to suitability factors will impact positively on the sales volumes of cylindrical lithium-ion batteries, thereby, driving market growth at a CAGR of about 13% during the forecast period. Cylindrical Lithium-Ion Battery Market: Key Highlights of the Report for 2020-2024 CAGR of the market during the forecast period 2020-2024 Detailed information on factors that will drive cylindrical lithium-ion battery market growth during the next five years Precise estimation of the cylindrical Li-ion battery market size and its contribution to the parent market Accurate predictions on upcoming trends and changes in consumer behavior The growth of the cylindrical lithium-ion battery industry across APAC, Europe, MEA, North America, and South America A thorough analysis of the market’s competitive landscape and detailed information on vendors Comprehensive details of factors that will challenge the growth of cylindrical lithium-ion battery market vendors