Cylindrical Lithium-Ion Battery Market Outlook
According to the report by Expert Market Research (EMR), the global cylindrical lithium-ion battery market size reached a value of USD 67.08 billion in 2023. With the increasing demand for energy storage solutions and electric vehicles (EVs), the market is projected to grow at a CAGR of 19.2% between 2024 and 2032, ultimately attaining a value of USD 325.38 billion by 2032.
Cylindrical lithium-ion batteries are widely used in various applications, inc