HomeEnergy And Power Power Lithium Battery Cans Market Size, Share & Trends Analysis Report by Type (Square Typ . . .

Power Lithium Battery Cans Market

Power Lithium Battery Cans Market Size, Share & Trends Analysis Report by Type (Square Type, Cylindrical Type) by Application (BEV, PHEV, Others) and Segment Forecasts, 2023-2031

Market Overview

The Global Power Lithium Battery Cans Market Size is slated to grow substantially at a CAGR of approximately 12.9% during forecast period.

The reversible reduction of lithium ions in a lithium-ion or Li-ion battery allows for the storage of energy. A typical carbon-based material called graphite serves as the anode (negative electrode) of a lithium-ion cell. A metal oxide is frequently used as the cathode (positive electrode). Lithium salt in an organic solvent is frequently used as the electrolyte.

Depending on their size, power lithium battery cans are frequently referred to as "18650" or "21700" cells and are utilized in portable gadgets and electric vehicles. To safeguard the contents and avoid leakage or damage, these cells are often contained in metal cans composed of materials like nickel, aluminum, or steel.

The high energy density, lengthy cycle life, and quick charging capabilities of these Power Lithium Battery Cans cells have led to their rising popularity. They are utilized in many different products, including as electric bikes, electric cars, power equipment, smart phones, and laptops.

Power Lithium Battery Cans Market 2019 2020 2021 2022 2023 2024 2025 2026 2028 2029 2030 2031 $XX.X Million $XX.X Million CAGR 12.9% Historical Years Forecast Years
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Market Dynamics

Global Power Lithium Battery Cans Market Drivers

  • Power Lithium Battery Cans are increasingly being used in plug-in cars and the renewable energy industry

This is because lithium-ion batteries are the best option for many applications due to their high energy density, extended cycle life, and quick charging capabilities.

Lithium-ion batteries are utilised in the renewable energy sector to store energy produced by renewable sources like solar and wind power. When the sun is not shining or the wind is not blowing, you can use the stored energy. Electric grid storage systems that help maintain the grid and supply backup power in the event of blackouts also employ lithium-ion batteries.

Lithium-ion batteries are the most popular kind of battery used in plug-in cars. Because of their high energy density, they can store a lot of energy in a relatively tiny and light form. Electric vehicles must be as light as possible in order to maximise their range, so this is significant. Fast charging qualities of lithium-ion batteries allow them to be swiftly charged at home or at public charging stations.

  • The increasing demand for cathode material

The growing emphasis on energy efficiency and sustainability is driving the demand for cathode material. Globally, governments are putting laws into place to encourage the use of clean energy and lower carbon emissions. The demand for cathode material has risen as a result of growing investment in renewable energy and electric vehicles.

Global Power Lithium Battery Cans Market Restraints

  • High Cost

The high price of lithium-ion batteries in comparison to other battery types is one of the major obstacles. Although having benefits like a high energy density and a long cycle life, lithium-ion batteries are more expensive to produce due to the cost of the raw ingredients and the production procedures. This might prevent some applications from using lithium-ion batteries.

  • Not an Eco- Friendly Product

The market for Power Lithium Battery Cans may potentially be hampered by the disposal of lithium-ion batteries. If not properly disposed of, the toxic compounds found in lithium-ion batteries could harm the environment. Lithium-ion battery recycling and disposal require specialized techniques, which might raise the price of using these batteries.

Global Power Lithium Battery Cans Market Opportunities

  • Increased Adoption of Renewable Energy

Renewable energy sources are being used more and more, which calls for energy storage solutions. Because lithium-ion batteries have a high energy density and a long cycle life, they are the perfect option. The market for Power Lithium Battery Cans has increasing opportunities as the renewable energy industry expands.

  • Product launches and collaborations

Market participants in the Power Lithium Battery Cans may anticipate to benefit financially from product launches and collaborations. Manufacturers can use product launches as an opportunity to release cutting-edge goods that will help them fulfil the rising demand for lithium-ion batteries and Power Lithium Battery Cans. Manufacturers can create new technologies that offer a higher energy density, a longer cycle life, and improved safety features by investing in research and development. Increased market share and revenue growth may result from this.

Market Scope

Report Metric Details
Market Size by 2031 USD XX Million/Billion
Market Size in 2023 USD XX Million/Billion
Market Size in 2022 USD XX Million/Billion
Historical Data 2020-2022
Base Year 2022
Forecast Period 2024-2032
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Segments Covered
  1. Segment by Type
    1. Square Type
    2. Cylindrical Type
  2. Segment by Application
    1. BEV
    2. PHEV
    3. Others
Geographies Covered
  1. North America
  2. Europe
  3. APAC
  4. Middle East and Africa
  5. LATAM
Companies Profiles
  1. SANSIN EDP
  2. FUJI SPRINGS
  3. Kedali Industry
  4. Zhenyu Technology
  5. Hoshion Aluminium
  6. JINYANG
  7. ZhongRui Electronic
  8. SLAC Precision Equipment
  9. Ruidefeng Precision
  10. Dongguan ALI System
  11. Ningbo Fangzheng
  12. Alcha Aluminium
  13. Hefei Lixiang
  14. ZZ electric
  15. Jie Jing Precision
  16. SuZhou Sumzone
  17. Zhengyuan Electronic
  18. Jihou Intelligent
  19. Xindongda
  20. Yaluxing

Segmental Analysis

Segment by Type

  • Square Type

Lithium-ion battery cells are typically housed in square type power lithium battery cans. These containers, which are frequently composed of metal, are intended to safeguard and stabilize the battery cells. Applications that require high energy density and long cycle life, such electric automobiles and energy storage systems, frequently use square type power lithium battery cans. These containers may be stacked thanks to their square shape, which makes the most effective use of available space.

  • Cylindrical Type

These cylindrical containers are, as their name implies, formed of metal and usually have a cylindrical shape. Consumer gadgets, power tools, and electric cars all make extensive use of cylindrical type power lithium battery cans. These units have a high energy density and are simple to combine to make battery packs of different shapes and sizes. Thin metal sheets are formed and welded into a cylindrical shape during the production of cylindrical type lithium battery cans. The container's interior is then covered with a shield to stop corrosion and enhance conductivity. After being linked, the battery cells are placed inside the container to form a battery pack.

Segment by Application

  • BEV

Battery Electric Vehicles (BEVs) lack an internal combustion engine and are entirely powered by batteries. Several lithium-ion battery cells packed in power lithium battery cans typically make up the battery in a BEV. The energy required to power the vehicle's electric motor is supplied by these battery packs.

  • PHEV

Plug-in Hybrid Electric Vehicles (PHEVs) have both an internal combustion engine and an electric motor. A battery pack made up of several lithium-ion battery cells contained in power lithium battery cans also powers the electric motor in a PHEV. While the internal combustion engine may also power the car, the battery pack in a PHEV is typically smaller than that in a BEV.

Power Lithium Battery Cans Market Analysis By Type Square Type Cylindrical Type By Application BEV PHEV Others By Region North America Europe APAC Middle East and Africa LATAM Key Players SANSIN EDP FUJI SPRINGS Kedali Industry Zhenyu Technology Hoshion Aluminium & More ...

Regional Analysis

The Global Power Lithium Battery Cans Market is segmented by region as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

Asia Pacific

The rising use of lithium-ion batteries in numerous industries in the region's emerging economies is responsible for the growth of the Power Lithium Battery Cans Market in the Asia Pacific region. In 2021, the Asia Pacific region held the biggest market share with 47.1%.

China, India, and South Korea are three fast-growing economies in the Asia Pacific area that have had substantial expansion in sectors including consumer electronics, the automotive, and renewable energy. These sectors are using lithium-ion batteries as a power source more frequently, which is increasing the demand for high-performance battery packs, made of lithium battery cans.

In addition, with numerous top battery manufacturers situated there, the Asia-Pacific area serves as a significant production hub for lithium-ion batteries and associated components. As a result, many businesses are investing in R&D to enhance the functionality and efficacy of power lithium battery cans, which has produced a favorable business climate for the expansion of the market for these batteries.

North America

Throughout the projection period, North America is anticipated to experience considerable growth at a CAGR of 13.61%. The rising need for batteries with a high energy density has accelerated the introduction of lithium-ion batteries in recent years. Lithium-ion batteries are a popular option for consumer gadgets like smart phones, laptops, and tablets because of their reputation for storing a lot of energy in a very tiny and light packaging.

In addition, given the prevalence of consumer electronics in North America, the use of lithium-ion batteries has been rising. The demand for dependable and long-lasting batteries has increased as people depend more and more on these devices for work, pleasure, and communication. Due to their high energy density and lengthy cycle life, lithium-ion batteries have proven to be an effective remedy for this issue and are therefore perfect for usage in consumer devices.

These reasons will likely cause the use of lithium-ion batteries to increase over the upcoming years, with new uses such as renewable energy storage and electric vehicle storage emerging.

Power Lithium Battery Cans Market Regional Analysis
Regional Growth Insights Download Free Sample

Key Players

  1. SANSIN EDP
  2. FUJI SPRINGS
  3. Kedali Industry
  4. Zhenyu Technology
  5. Hoshion Aluminium
  6. JINYANG
  7. ZhongRui Electronic
  8. SLAC Precision Equipment
  9. Ruidefeng Precision
  10. Dongguan ALI System
  11. Ningbo Fangzheng
  12. Alcha Aluminium
  13. Hefei Lixiang
  14. ZZ electric
  15. Jie Jing Precision
  16. SuZhou Sumzone
  17. Zhengyuan Electronic
  18. Jihou Intelligent
  19. Xindongda
  20. Yaluxing

Recent Developments

In 2021- RECK-Technik introduced a new generation of straw blowers and feed mixer wagons that are more energy-efficient and produce fewer emissions than previous models. These machines use advanced technologies such as variable speed drives and electric motors to reduce energy consumption and increase efficiency.

Power Lithium Battery Cans Market Segmentations

Segment by Type

  • Square Type
  • Cylindrical Type

Segment by Application

  • BEV
  • PHEV
  • Others

Frequently Asked Questions

What are the key drivers supporting the growth of the market?
Power Lithium Battery Cans are increasingly being used in plug-in cars and the renewable energy industry, The increasing demand for cathode material are some key drivers supporting the growth of the market.
Asia pacific region has the largest share of the market.
Segment by type (Square Type, Cylindrical Type) Segment by application (BEV, PHEV, Others) and region (North America, Europe, Asia Pacific, etc).
The global market growing at a CAGR of 12.9% from (2023–2031).
High Cost and Not an Eco- Friendly Product are some restraints of the market.

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