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According to the latest research, the global Cylindrical Lithium Ion Battery Module market size was valued at USD 17214.77 million in 2022 and is expected to expand at a CAGR of 25.76% during the forecast period, reaching USD 68101.45 million by 2028.
Constitute multiple battery cells enclosed by the same battery case make a module. It connects to the outside by a uniform interface.
Cylindrical Lithium Ion Battery Module means a combination of components of a Cylindrical Lithium Ion Battery System that includes at least the following components: a Battery Cell, battery management electronics for Battery Cell balancing, voltage and temperature measurement, and connectors.
The market of cylindrical lithium ion battery module will benefit from the high grouping efficiency of large cylindrical batteries
Large-scale cylindrical batteries can improve the efficiency of battery grouping and make up for the low efficiency of small cylindrical batteries. At present, the modular grouping efficiency of cylindrical batteries is about 87%, and that of system grouping is about 65%, while that of square batteries is 89% and 70% respectively. The grouping efficiency of cylindrical batteries is low. When the diameter of the cylinder becomes larger, the hole diameter of the power battery bracket plate and current collector plate becomes larger, and the corresponding weight is reduced. In addition, the reduction of the number of electric cells in the power battery pack can reduce the amount of structural components, which can improve the energy density of the battery and the grouping efficiency.
Development of CELL TO PACK
According to statistics, in the process of assembling batteries into battery packs, the loss of battery energy density is usually about 30%. For electric vehicles with a serious shortage of battery life, this loss is obviously a bit big, so many related enterprises have developed CTP technology.
Simply speaking, CTP technology crosses the module link and directly integrates the battery cell into the battery pack, which is like removing the original small package and directly placing the battery cell in a larger package. This technology has been widely recognized in the field of new energy vehicles, and many car companies have adopted this technology. In order to further improve the battery endurance, CTP technology is likely to evolve into CTC in the next step, that is, the battery cells are directly integrated into the chassis, thus achieving a higher degree of integration. The development of CTP technology is expected to bring challenges to the market of cylindrical lithium ion battery module.
Region Overview:
Asia Pacific dominated the Cylindrical Lithium Ion Battery Module market in 2021, with a market share of 90.31%.
Company Overview:
Panasonic is one of the major players operating in the Cylindrical Lithium Ion Battery Module market, holding a share of 29.7% in 2022.
Panasonic
The Panasonic Group consists of Panasonic Holdings, the holding company, eight operating companies, and affiliates both within Japan and overseas. Panasonic Holdings Corporation develops, design, manufactures, and distributes appliances. The Company produces air conditioner, refrigerator, microwave oven, rice cooker, washing machine, and more. Panasonic Holdings also produces, light ventilating fans, air purifiers, communication equipment, vehicle electronics, power supplies, batteries, electronic components, and more.
LG Chem
LG Chem, a subsidiary of LG Corporation, is a South Korea-based chemical company which extends its chemical expertise into Petrochemicals, IT & Electronic Materials, and Energy Solutions.
Segmentation Overview:
As for product types, the 21700 segment held the largest market share in 2022.
Application Overview:
The market's largest segment by application is the segment Electric Vehicles, with a market share of 59.69% in 2022.
This report elaborates on the market size, market characteristics, and market growth of the Cylindrical Lithium Ion Battery Module industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Cylindrical Lithium Ion Battery Module. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Cylindrical Lithium Ion Battery Module Market Report Include:
Market Size Estimates: Cylindrical Lithium Ion Battery Module market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Cylindrical Lithium Ion Battery Module market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Cylindrical Lithium Ion Battery Module market
Segment Market Analysis: Cylindrical Lithium Ion Battery Module market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Cylindrical Lithium Ion Battery Module market situations and prospects in major and top regions and countries
Cylindrical Lithium Ion Battery Module Market
Cylindrical Lithium Ion Battery Module Industry Chain: Cylindrical Lithium Ion Battery Module market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Cylindrical Lithium Ion Battery Module Industry News, Policies by regions
Cylindrical Lithium Ion Battery Module Industry Porters Five Forces Analysis
Key players in the global Cylindrical Lithium Ion Battery Module market are covered in Chapter 2:
Dongguan Hoppt Light Technology Co.,Ltd.
LG Chem
Murata
Contemporary Amperex Technology
EVE
NuEnergy
Tenergy Corporation
Samsung SDI
Tianneng Group Official
DLG Electronics
Tenpower
Panasonic
Cell-Con
In Chapter 6 and Chapter 9, on the basis of types, the Cylindrical Lithium Ion Battery Module market from 2018 to 2028 is primarily split into:
18650
21700
26650
Others
In Chapter 7 and Chapter 10, on the basis of applications, the Cylindrical Lithium Ion Battery Module market from 2018 to 2028 covers:
Electric Vehicles
Consumer Electronics
Industrial Robots
Production Equipment
Logistics Industry
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Cylindrical Lithium Ion Battery Module market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Cylindrical Lithium Ion Battery Module industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Cylindrical Lithium Ion Battery Module market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Cylindrical Lithium Ion Battery Module industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Cylindrical Lithium Ion Battery Module market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Cylindrical Lithium Ion Battery Module market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Cylindrical Lithium Ion Battery Module market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Constitute multiple battery cells enclosed by the same battery case make a module. It connects to the outside by a uniform interface.
Cylindrical Lithium Ion Battery Module means a combination of components of a Cylindrical Lithium Ion Battery System that includes at least the following components: a Battery Cell, battery management electronics for Battery Cell balancing, voltage and temperature measurement, and connectors.
The market of cylindrical lithium ion battery module will benefit from the high grouping efficiency of large cylindrical batteries
Large-scale cylindrical batteries can improve the efficiency of battery grouping and make up for the low efficiency of small cylindrical batteries. At present, the modular grouping efficiency of cylindrical batteries is about 87%, and that of system grouping is about 65%, while that of square batteries is 89% and 70% respectively. The grouping efficiency of cylindrical batteries is low. When the diameter of the cylinder becomes larger, the hole diameter of the power battery bracket plate and current collector plate becomes larger, and the corresponding weight is reduced. In addition, the reduction of the number of electric cells in the power battery pack can reduce the amount of structural components, which can improve the energy density of the battery and the grouping efficiency.
Development of CELL TO PACK
According to statistics, in the process of assembling batteries into battery packs, the loss of battery energy density is usually about 30%. For electric vehicles with a serious shortage of battery life, this loss is obviously a bit big, so many related enterprises have developed CTP technology.
Simply speaking, CTP technology crosses the module link and directly integrates the battery cell into the battery pack, which is like removing the original small package and directly placing the battery cell in a larger package. This technology has been widely recognized in the field of new energy vehicles, and many car companies have adopted this technology. In order to further improve the battery endurance, CTP technology is likely to evolve into CTC in the next step, that is, the battery cells are directly integrated into the chassis, thus achieving a higher degree of integration. The development of CTP technology is expected to bring challenges to the market of cylindrical lithium ion battery module.
Region Overview:
Asia Pacific dominated the Cylindrical Lithium Ion Battery Module market in 2021, with a market share of 90.31%.
Company Overview:
Panasonic is one of the major players operating in the Cylindrical Lithium Ion Battery Module market, holding a share of 29.7% in 2022.
Panasonic
The Panasonic Group consists of Panasonic Holdings, the holding company, eight operating companies, and affiliates both within Japan and overseas. Panasonic Holdings Corporation develops, design, manufactures, and distributes appliances. The Company produces air conditioner, refrigerator, microwave oven, rice cooker, washing machine, and more. Panasonic Holdings also produces, light ventilating fans, air purifiers, communication equipment, vehicle electronics, power supplies, batteries, electronic components, and more.
LG Chem
LG Chem, a subsidiary of LG Corporation, is a South Korea-based chemical company which extends its chemical expertise into Petrochemicals, IT & Electronic Materials, and Energy Solutions.
Segmentation Overview:
As for product types, the 21700 segment held the largest market share in 2022.
Application Overview:
The market's largest segment by application is the segment Electric Vehicles, with a market share of 59.69% in 2022.
This report elaborates on the market size, market characteristics, and market growth of the Cylindrical Lithium Ion Battery Module industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Cylindrical Lithium Ion Battery Module. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Cylindrical Lithium Ion Battery Module Market Report Include:
Market Size Estimates: Cylindrical Lithium Ion Battery Module market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Cylindrical Lithium Ion Battery Module market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Cylindrical Lithium Ion Battery Module market
Segment Market Analysis: Cylindrical Lithium Ion Battery Module market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Cylindrical Lithium Ion Battery Module market situations and prospects in major and top regions and countries
Cylindrical Lithium Ion Battery Module Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Cylindrical Lithium Ion Battery Module Industry Chain: Cylindrical Lithium Ion Battery Module market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Cylindrical Lithium Ion Battery Module Industry News, Policies by regions
Cylindrical Lithium Ion Battery Module Industry Porters Five Forces Analysis
Key players in the global Cylindrical Lithium Ion Battery Module market are covered in Chapter 2:
Dongguan Hoppt Light Technology Co.,Ltd.
LG Chem
Murata
Contemporary Amperex Technology
EVE
NuEnergy
Tenergy Corporation
Samsung SDI
Tianneng Group Official
DLG Electronics
Tenpower
Panasonic
Cell-Con
In Chapter 6 and Chapter 9, on the basis of types, the Cylindrical Lithium Ion Battery Module market from 2018 to 2028 is primarily split into:
18650
21700
26650
Others
In Chapter 7 and Chapter 10, on the basis of applications, the Cylindrical Lithium Ion Battery Module market from 2018 to 2028 covers:
Electric Vehicles
Consumer Electronics
Industrial Robots
Production Equipment
Logistics Industry
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Cylindrical Lithium Ion Battery Module market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Cylindrical Lithium Ion Battery Module industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Cylindrical Lithium Ion Battery Module market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Cylindrical Lithium Ion Battery Module industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Cylindrical Lithium Ion Battery Module market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Cylindrical Lithium Ion Battery Module market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Cylindrical Lithium Ion Battery Module market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
