18650 and 21700 Battery Market size is estimated to be USD 14.5 Billion in 2024 and is expected to reach USD 30.2 Billion by 2033 at a CAGR of 9.2% from 2026 to 2033.
The Asia Pacific 18650 And 21700 Battery Market Has Seen Tremendous Growth In Recent Years, Driven By A Surge In Demand Across Various Industries. These Two Battery Types, Known For Their Impressive Energy Density And Reliability, Are Being Widely Adopted In Sectors Ranging From Electric Vehicles (Evs) To Consumer Electronics And Renewable Energy Storage Solutions. As Businesses Strive For Energy-Efficient And Durable Power Sources, The Need For These Batteries Is Rising Rapidly.
The 18650 Battery, A Cylindrical Lithium-Ion Battery, Has Long Been A Staple In Powering Laptops, Power Tools, And Flashlights. However, The 21700 Battery, A Newer Iteration, Offers Even Greater Capacity And Efficiency, Making It Particularly Suited For High-Power Applications Such As Electric Vehicles And Large-Scale Energy Storage Systems. In Fact, As Electric Vehicles Become More Mainstream, The Demand For 21700 Batteries Has Been Outpacing The Traditional 18650 Batteries, With The Automotive Sector Emerging As A Major Driver For Market Growth In The Asia Pacific Region.
Industries Across Asia Pacific Are Heavily Investing In The 18650 And 21700 Battery Market, Seeing Them As The Key To Unlocking Innovations In Clean Energy. Electric Vehicle Manufacturers, For Example, Rely On The Large Energy Storage Capabilities Of These Batteries To Extend Driving Range While Maintaining Compact And Lightweight Designs. Furthermore, Renewable Energy Solutions, Such As Solar And Wind Power Storage Systems, Also Require These Batteries To Ensure Optimal Performance And Storage Capabilities.
The Growth Of The 18650 And 21700 Battery Market Is Also Supported By The Growing Adoption Of Energy Storage Systems In Commercial And Residential Buildings. As Businesses And Homeowners Look To Store Solar Energy For Use During Peak Hours Or Power Outages, The Demand For Reliable And Cost-Effective Battery Solutions Continues To Rise. With Their High Cycle Life And Reduced Risk Of Degradation, These Batteries Have Become The Preferred Choice For Energy Storage In Both Urban And Rural Areas Across Asia Pacific.
As Industries Continue To Explore New Applications For These Batteries, It Is Clear That The 18650 And 21700 Battery Market Will Continue To Thrive. Companies Are Increasingly Focused On Advancing Battery Technology To Improve Energy Density, Reduce Costs, And Address Sustainability Concerns. These Efforts Are Crucial As Businesses And Consumers Alike Look For Ways To Reduce Their Carbon Footprints While Improving Energy Efficiency. Ultimately, The 18650 And 21700 Battery Market Is Poised To Play A Pivotal Role In The Future Of Clean Energy And Sustainable Innovation Across The Asia Pacific Region.
Get an In-Depth Research Analysis of the Asia Pacific 18650 and 21700 Battery Market Size And Forecast [2025-2032]
Samsung SDI
LG
Murata
Panasonic
EVE Energy Co.
Ltd.
Jiangsu Azure Corporation
Highstar
Changhong New Energy
BAK Power
Tianjin Lishen
Zhuoneng New Energy
Far East Wisdom Energy
By 2030, Asia Pacific is expected to witness significant momentum in the market research industry, aligning with the global projection of surpassing $120 billion, driven by a compound annual growth rate (CAGR) of over 5.8% from 2023 to 2030. The industry in Asia Pacific is being reshaped by technological disruptions, particularly through the adoption of machine learning, artificial intelligence, and advanced data analytics. These technologies provide businesses with predictive analysis and real-time consumer insights, enabling smarter and more precise decision-making. As part of the broader Asia-Pacific region, Asia Pacific is positioned to contribute substantially to the over 35% revenue growth expected from this region. Additionally, the adoption of innovative techniques such as mobile surveys, social listening, and online panels is rapidly gaining ground in Asia Pacific, emphasizing speed, precision, and customization, and driving a new era of data-driven strategies across industries.
Â
Get Discount On The Purchase of the Asia Pacific 18650 and 21700 Battery Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Asia Pacific 18650 and 21700 Battery Market
Consumer Electronics
Electric Vehicles
Energy Storage Systems
Power Tools
Medical Devices
Lithium Nickel Cobalt Aluminum Oxide (NCA)
Lithium Nickel Manganese Cobalt (NMC)
Lithium Iron Phosphate (LiFePO4)
Lithium Cobalt Oxide (LCO)
Lithium Manganese Oxide (LMO)
Cylindrical Cells
Prismatic Cells
Pouch Cells
Automotive Industry
Electronics & Electrical Engineering
Manufacturing Industry
Healthcare
Consumer Goods
Low-Cost Batteries
Mid-Range Batteries
High-Performance Batteries
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
For More Information or Query, Visit @ Asia Pacific 18650 and 21700 Battery Market Research Analysis
1. Introduction of the Asia Pacific 18650 and 21700 Battery Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Asia Pacific 18650 and 21700 Battery Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Asia Pacific 18650 and 21700 Battery Market, By Type
6. Asia Pacific 18650 and 21700 Battery Market, By Application
7. Asia Pacific 18650 and 21700 Battery Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Asia Pacific
Vietnam
8. Asia Pacific 18650 and 21700 Battery Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Research and Consulting firm servicing over 5000+ clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/