Global cylindrical lithium-ion battery shipments continue to rise, and industry development prospects are good

Cylindrical lithium-ion batteries have the advantages of high battery energy density, high average output voltage, small self-discharge, and long average life. They are mainly used in fields such as power tools, digital cameras, and portable mobile power supplies. In recent years, with the development of electric balance vehicles, electric two-wheelers and other industries, the demand for cylindrical lithium-ion batteries has continued to rise, and the industry has developed rapidly.

According to the “Global Cylindrical Lithium-ion Battery Industry In-depth Market Research and Key Area Research Report 2021-2025” released by the Industrial Research Center , Electric balancing vehicles are one of the main application markets for cylindrical lithium-ion batteries. In 2019, global electric balancing vehicle shipments were approximately 8.4 million units, and will reach more than 10 million units by 2020. Benefiting from the development of the new power market, the global cylindrical lithium-ion battery market demand is rising. In 2020, global cylindrical lithium-ion battery shipments exceeded 10 billion units.

Cylindrical lithium-ion batteries currently on the market include 18650, 21700, 26650, 32135, 66160 and other types. Compared with the traditional 18650 model, the 21700 model has the advantages of large size and large capacity. The capacity of a single cell is about 4.8AH. . In the domestic market, cylindrical lithium-ion batteries have been transformed from the original traditional 18650 model to the 21700 model. In the cylindrical lithium-ion battery market in 2018, the 18650 model accounted for 80%, but by 2020, the 21700 model will account for 90%. It can be seen from this that my country’s cylindrical lithium-ion battery industry is gradually developing towards high standardization and high energy density.

In terms of market competition, before 2016, due to production technology restrictions, my country’s cylindrical lithium-ion battery market was occupied by Japanese and Korean manufacturers. Representative companies include Samsung, Panasonic, LG and Murata. However, with the rise of domestic cylindrical lithium-ion battery manufacturers, the share of Japanese and Korean companies in the domestic market continues to decline, accounting for about 49% in 2020. At present, domestic companies that can mass-produce cylindrical lithium-ion batteries include BAK, Lishen, Yiwei Lithium Energy, Tianpeng, Far East Foster, Changhong Sanjie, etc.

my country’s cylindrical lithium-ion battery shipments continue to rise, accounting for about half of the world’s total in 2020, becoming one of the major producing countries of cylindrical lithium-ion batteries. Although my country has achieved mass production of cylindrical lithium-ion batteries, there is still a gap between Japan and South Korea in terms of production technology, and there is a large gap in product capacity and yield rate.

Industry analysts said that cylindrical lithium-ion batteries have the advantages of fast charging, high output power, long life, etc., and have a wide range of applications and benefit from Due to the development of electric balance vehicles and other industries, the demand for cylindrical lithium-ion batteries continues to rise in the global and domestic markets, and the industry has developed rapidly. In terms of production, my country has achieved large-scale production of cylindrical lithium-ion batteries, but there is a gap between the products produced and Japan and South Korea. The high-end market is still occupied by foreign companies, and there are still development opportunities in the future market.