Chicago, IL -- (SBWIRE) -- 07/11/2017 -- A Cylindrical cell is the most popular packaging style for primary and secondary batteries. The structure offers good mechanical stability and can withstand high internal pressure. Most Cylindrical Lithium Ion Battery includes a positive thermal coefficient switch. They are generally used in portable devices such as in laptops, medical devices, electrical vehicles, flashlight, power banks and others. They are best suited for applications demanding strong power, performance and longevity. Cylindrical Lithium Ion Batteries are most cost-effective compared to other technology and hold a major market share.

The report on the global Cylindrical lithium ion battery market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.

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KEY PREMIUM INDUSTRY INSIGHTS

The key reasons driving the growth of the Cylindrical Lithium Ion Battery market includes the rising demand for portable electronic devices that entails Li-ion batteries, demand for hybrid and electric vehicles augmented by government incentives, and increasing awareness among consumers & rising environmental concerns.

New technology development to improve efficiency is one of the key growth opportunity drivers for this market.

However, lack of infrastructures such as recharging stations may hamper the growth of the Cylindrical Lithium Ion Battery market.

KEY MARKET PLAYERS

Key players in the cylindrical lithium ion battery market include:

1. SAMSUNG SDI CO., LTD.
2. LG Chem
3. Hitachi, Ltd.
4. Panasonic Corporation
5. Sony Corporation
6. Johnson Controls
7. DLG e.V.
8. CHAM BATTERY Technology Co. Ltd.
9. Shenzhen Auto-Energy Technology Limited
10. Tianjin Lishen Battery Co., Ltd.

Browse Report: https://www.scalarmarketresearch.com/market-reports/cylindrical-lithium-ion-battery-market

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