Global 17500 Cylindrical Lithium Ion Battery Market Size By Type (LiCoO2 Battery, NMC Battery), By Application (Power Banks, Laptop Battery Packs), By Region, And Segment Forecasts, 2023 to 2032

The Global 17500 Cylindrical Lithium-Ion Battery Market is poised for significant growth, driven by the increasing demand for reliable, high-capacity energy storage solutions across consumer electronics, automotive, and renewable energy sectors. The market, valued at USD 1.1 billion in 2023, is expected to reach USD 2.3 billion by 2031, growing at a CAGR of 9.0% over the forecast period. The rise in applications demanding efficient and compact energy sources, coupled with advancements in lithium-ion battery technology, fosters market expansion.

Drivers:

Rising Demand for Portable Energy Solutions: Growing use of 17500 cylindrical lithium-ion batteries in consumer electronics and small industrial devices enhances demand.

Electric Vehicle (EV) Adoption: The automotive sector increasingly utilizes cylindrical lithium-ion batteries for their power density and efficiency, propelling market growth.

Renewable Energy Storage Needs: The necessity for compact, high-energy-density batteries in solar and wind applications is a crucial driver.

Restraints:

High Production Costs: The cost of lithium and related raw materials elevates production costs, posing a challenge.

Safety and Stability Issues: Lithium-ion batteries require rigorous safety management systems, with thermal runaways and short-circuiting risks presenting barriers.

Opportunity:

Technological Innovations in Battery Chemistry: Ongoing R&D in energy density, longevity, and charging speeds offers growth prospects.

Emerging Markets in Asia-Pacific: Expanding consumer electronics and automotive industries in this region provide lucrative opportunities.

Market by System Type Insights:

The Rechargeable segment leads the market, driven by its extensive use in electronics and electric vehicles. Rechargeable batteries' ability to support high cycle life and energy density makes them preferable for high-demand applications. The Non-Rechargeable segment is used predominantly in specialized and low-maintenance devices, with steady growth anticipated.

Market by End-Use Insights:

The Consumer Electronics sector holds the largest market share, leveraging 17500 cylindrical lithium-ion batteries for compactness and durability in high-demand devices like power tools and gadgets. The Automotive segment is expected to grow rapidly, fueled by the increasing shift towards EVs.

Market by Regional Insights:

North America dominates the market, benefitting from substantial investments in battery manufacturing and EV production. Asia-Pacific is the fastest-growing region due to robust demand in the consumer electronics and automotive industries, particularly in China and Japan.

Competitive Scenario:

Key players in the market include Samsung SDI Co., Ltd., Panasonic Corporation, LG Chem, Ltd., and Toshiba Corporation. These companies focus on advancements in battery chemistry, partnerships, and geographical expansion. For instance, Samsung SDI introduced high-capacity cylindrical lithium-ion batteries in 2024, aiming to support the growing EV market.

Scope of Work – Global 17500 Cylindrical Lithium-Ion Battery Market

Key Market Developments:

2024: Samsung SDI unveiled a new series of high-capacity, fast-charging cylindrical batteries targeting the electric vehicle market.

2023: Panasonic announced a collaboration with an automotive manufacturer to integrate 17500 lithium-ion cells into compact EV models.

2025: LG Chem invested in expanding its manufacturing facility in South Korea, enhancing production capacity to meet growing demand.

FAQs

What is the current market size of the Global 17500 Cylindrical Lithium-Ion Battery Market?

The market was valued at USD 1.1 billion in 2023.

What is the major growth driver of the Global 17500 Cylindrical Lithium-Ion Battery Market?

The primary growth drivers include increasing demand for portable energy solutions, especially in consumer electronics and electric vehicles.

Which is the largest region during the forecast period in the Global 17500 Cylindrical Lithium-Ion Battery Market?

North America holds the largest market share due to substantial investments in battery technology and EV production.

Which segment accounted for the largest market share in the Global 17500 Cylindrical Lithium-Ion Battery Market?

The Rechargeable segment is the largest, driven by extensive use in high-demand applications.

Who are the key market players in the Global 17500 Cylindrical Lithium-Ion Battery Market?

Key players include Samsung SDI, Panasonic, LG Chem, and Toshiba.