Worldwide Market Reports added Latest Research Report titled “18650 Lithium Battery Market – Size, Share, Outlook, and Forecast till 2026” to its Large Report database.
18650 lithium battery is a size classification of lithium-ion batteries, which is a rechargeable battery. Lithium ions in the battery move from the negative electrode to the positive electrode during discharge and from positive to negative electrode while charging. The two most important specifications for 18650 cells are capacity measured in mAh (milliamp hours) and maximum continuous discharge measured in A (amperes). It is used in power banks, laptop battery packs, flashlights, electric vehicles, and others.
However, overheating of lithium-ion batteries that leads to cell rupture is expected to restrain growth of 18650 lithium battery market.
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Key Developments in 18650 Lithium Battery Market
Key players are adopting various strategies such as mergers, acquisitions, new product launches, expansions, collaborations, partnerships, approvals, and joint ventures to retain its position in the 18650 lithium battery market. On May 9, 2018, Eastman Chemical Company announced its completion of the previously announced Eastman Tritan™ copolyester expansion at its Kingsport, Tennessee, manufacturing site. On April 24, 2018, Johnson Controls partnered with JD.com, the largest ecommerce company in China to offer leading automotive batteries to both consumers and automotive retailers throughout China.
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On March 20, 2018, Samsung SDI launched its new ESS product, including high-capacity 111Ah ESS battery cell, with substantially enhanced energy density. Also, Samsung SDI exhibited new ESS products such as ESS cells, high-capacity ESS, high-power ESS, and residential ESS at the Energy Storage Europe 2018 held in Düsseldorf, Germany.
Some of the key players operating in the 18650 lithium battery market include Eastman, Panasonic(Sanyo), Samsung SDI, LG Chem, Sony, Johnson Controls, Hitachi, Tianjin Lishen, Hefei Guoxuan, Dongguan Large Electronics, OptimumNano, DLG Electronics, Zhuoneng New Energy, CHAM BATTERY, and Padre Electronic among others.
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