Cylindrical batteries in transportation applications to grow by 30% in 2015
TrendForce estimates that overall cylindrical battery demand will see a year-on-year increase of 32% from 882 million in 2014 to 1,171 million units in 2015.
Duff Lu of TrendForce says "the demand for cylindrical batteries for transportation application will increase from 111 million units in 2014 to 145 million in 2015. This represents an annual growth of 30%. Hence, it is a perfect timing for battery cell manufacturers to enter the LEV and BEV markets because fewer cells will be needed in the IT sector, which will put more emphasis on ultra-thin products. "
TrendForce finds the overall demands for lithium batteries in the power tool market to remain flat around 220 million units in 2015. EnergyTrend anticipates the energy storage market will grow to 1,850MWh in 2020.
cylindrical rechargeable batteries are increasingly used in electric car and other such EVs . Panasonic made cylindrical battery is used in Tesla S model EV.