A lithium-ion battery or Li-ion battery is a type of rechargeable battery in which lithium ions move from the negative electrode to the positive electrode during discharge and back when charging. Li-ion batteries use an intercalated lithium compound as one electrode material, compared to the metallic lithium used in a non-rechargeable lithium battery. The electrolyte, which allows for ionic movement, and the two electrodes are the constituent components of a lithium-ion battery cell. Cells with a cylindrical shape are made in a characteristic “swiss roll” manner, which means it is a single long sandwich of positive electrode, separator, negative electrode and separator rolled into a single spool. The main disadvantage of this method of construction is that the cell will have a higher series inductance.
Panasonic(Sanyo), Samsung SDI, LG Chem are the leaders of the 18650 Lithium Battery industry, which take about 80(Percent) market share. Asia-Pacific is the major region of the global market, which takes about 70(Percent) market share.
Market Analysis and Insights: Global 18650 Lithium Battery Market
The global 18650 Lithium Battery market was valued at USD 5374 million in 2020 and it is expected to reach USD 4789.7 million by the end of 2027, growing at a CAGR of -1.9(Percent) during 2021-2027.