PUBLISHER: The Business Research Company | PRODUCT CODE: 1872954
PUBLISHER: The Business Research Company | PRODUCT CODE: 1872954
A large cylindrical battery is an energy storage device designed to efficiently store and deliver electrical power. It offers high energy density, providing prolonged and stable power output. Its cylindrical form factor enhances structural stability and thermal management, ensuring reliable, safe, and consistent operation under demanding conditions.
The main types of large cylindrical batteries include lithium-ion, nickel-cadmium, nickel-metal hydride, and others. Lithium-ion batteries are rechargeable energy storage devices that provide high energy density, long cycle life, and efficient performance for industrial and automotive applications. Capacities are categorized as below 3000 milliampere-hours (mAh), 3000-5000 mAh, and above 5000 mAh. Distribution channels include online and offline platforms, with applications in electric vehicles, grid energy storage, and consumer electronics. End users span automotive, telecommunications, renewable energy, consumer goods, and aerospace and defense sectors.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The rapid rise in U.S. tariffs and the subsequent trade frictions in spring 2025 are having a major impact on the electrical and electronics sector, with semiconductors, display panels, and rare-earth metals (essential for batteries and motors) subject to steep duties. Consumer electronics brands face profit erosion, as competitive markets limit their ability to pass costs to buyers. Industrial electronics manufacturers, meanwhile, grapple with delayed projects due to shortages of tariff-impacted components like printed circuit boards. Companies are responding by relocating assembly to tariff-exempt countries, increasing inventory buffers, and redesigning products to reduce dependency on restricted materials.
The large cylindrical battery market research report is one of a series of new reports from The Business Research Company that provides large cylindrical battery market statistics, including large cylindrical battery industry global market size, regional shares, competitors with a large cylindrical battery market share, detailed large cylindrical battery market segments, market trends and opportunities, and any further data you may need to thrive in the large cylindrical battery industry. The large cylindrical battery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The large cylindrical battery market size has grown rapidly in recent years. It will grow from $5.51 billion in 2024 to $6.22 billion in 2025 at a compound annual growth rate (CAGR) of 12.8%. Growth during the historic period resulted from increasing automation in battery manufacturing, rising deployment of cylindrical batteries in critical backup systems, growing use in power tools and industrial equipment, heightened emphasis on battery safety, and focus on developing manufacturing hubs.
The large cylindrical battery market size is expected to see rapid growth in the next few years. It will grow to $9.94 billion in 2029 at a compound annual growth rate (CAGR) of 12.4%. Growth in the forecast period is expected from rising use of cylindrical batteries in expanding backup and infrastructure resilience systems, increased adoption of secondary (second-life) batteries, growth of circular economy practices, wider adoption of modular battery designs, and increased applications in high-voltage systems. Key trends in the forecast period include AI-driven battery health monitoring, IoT connectivity for smart energy management, use of digital twin technology for battery lifecycle simulation, wireless charging compatibility, and integration with hybrid energy storage systems.
The growing adoption of electric vehicles (EVs) is expected to drive the growth of the large cylindrical battery market in the future. Electric vehicles operate fully or partially on electric motors, using batteries to store and deliver energy for movement. The increase in EV adoption is largely attributed to rising environmental awareness, with individuals and governments transitioning to EVs to reduce greenhouse gas emissions and combat climate change. Large cylindrical batteries are crucial for electric vehicles, providing consistent high power, extended driving range, and enabling fast charging and reliable performance for propulsion and onboard systems. For example, in January 2024, the Energy Information Administration, a U.S. government agency, reported that hybrid, plug-in hybrid, and battery electric vehicle sales made up 16.3% of total U.S. light-duty vehicle sales in 2023, up from 12.9% in 2022. Thus, the increasing adoption of electric vehicles is fueling the growth of the large cylindrical battery market.
Key players in the large cylindrical battery market are focused on developing innovative products, such as ultra-low-temperature cylindrical batteries, to improve performance, safety, and reliability in extreme conditions. An ultra-low-temperature cylindrical battery is a high-performance lithium-ion battery with a cylindrical design, capable of providing consistent power even in freezing temperatures. These batteries ensure efficient charging and discharging, safety, and reliability at temperatures as low as -30°C. For instance, in May 2025, Tailan New Energy, a China-based battery manufacturer and energy technology company, introduced the Cold Core Battery, designed to improve battery performance and reliability in ultra-low-temperature environments while enhancing safety and energy density for electric vehicles and energy storage applications. This large cylindrical battery features a groundbreaking 6C fast-charging capability, charging from 10% to 80% in just nine minutes. Its advanced axial through-structural design, along with ring-welding and spool reinforcement manufacturing techniques, significantly improves thermal management and reduces internal resistance.
In March 2025, Porsche AG, a German automobile manufacturer, acquired V4Drive GmbH from the VARTA AG Group for an undisclosed amount. The acquisition allows Porsche AG to enhance its in-house battery cell development and production capabilities, accelerate the development of high-performance lithium-ion batteries, and secure a strategic supply of advanced cylindrical cells for its future electric sports cars. V4Drive GmbH, a Germany-based company, specializes in the development and production of ultra-high-performance lithium-ion cylindrical battery cells.
Major players in the large cylindrical battery market are BMW Group, Tesla Inc., BYD Company Limited, Panasonic Holdings Corporation, Contemporary Amperex Technology Co. Limited, LG Energy Solution Ltd., Toshiba Corporation, Samsung SDI Co. Ltd., Murata Manufacturing Co. Ltd., EVE Energy Co. Ltd., Sunwoda Electronic Co. Ltd., Saft Groupe S.A.S., VARTA AG, Guangzhou Great Power Energy & Technology Co. Ltd., Vision Group Co. Ltd., Envision AESC Inc., SVOLT Energy Technology Co. Ltd., BAK Battery Co. Ltd., Molicel, and LEAD.
Asia-Pacific was the largest region in the large cylindrical battery market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in large cylindrical battery report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the large cylindrical battery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The large cylindrical battery market consists of sales of cathode material, anode material, electrolyte, separator, and current collectors. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Large Cylindrical Battery Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on large cylindrical battery market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for large cylindrical battery ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The large cylindrical battery market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.