Market Overview:
The global 21700 battery pack market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for consumer electronics and automotive applications. Additionally, the growing demand for electric vehicles is also contributing to the growth of this market. The global 21700 battery pack market can be segmented on the basis of type into series battery packs and parallel battery packs. On the basis of application, this market can be segmented into consumer electronics, automotive, and others. The automotive segment is expected to grow at a higher CAGR than other segments during the forecast period from 2018 to 2030 owing to rising demand for electric vehicles across different regions worldwide. Geographically, this market can be divided into North America, Latin America, Europe Asia Pacific and Middle East & Africa (MEA).
Product Definition:
A 21700 battery pack is a type of rechargeable battery that uses 21700 cells. These cells are cylindrical and have a diameter of 21mm and a height of 70mm. They are often used in vaping devices and other portable electronics.
Series Battery Pack:
Series battery pack is a set of batteries connected in series to attain higher voltage. The most commonly used type of series battery packs are found in the form of rechargeable batteries. Rechargeable batteries find their usage across various applications such as radio-controlled toys, cordless phones, remote controls and other consumer electronic products that require small energy storage.
The 21700 battery pack market has been witnessing significant growth over the past few years owing to its increasing demand across commercial.
Parallel Battery Pack:
The parallel battery pack is a type of rechargeable battery pack, which consists of multiple cells connected in series to attain higher voltage. The 21700 size battery has been designed for high power applications such as electric vehicles and off-grid solar energy systems. It offers higher capacity over larger batteries with the same weight owing to its thin cell walls and large volume ratio.
Application Insights:
The consumer electronics segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. 21700 battery packs are used in various consumer electronic products such as smartphones, laptops, cameras and portable media players among others. The growing use of 21700 battery packs in medical equipment is expected to drive the global market growth over the coming years.
Automotive sector was one of the fastest-growing application segments owing to increasing demand from electric vehicles (EVs). EVs require large number of batteries as they provide power for lighting, heating and other functions during cold weather conditions or when vehicle is parked overnight. Increasing demand from military & aerospace sector will also have a positive impact on industry growth over next few years. Increasing investments by governments across various countries towards promoting renewable energy sources such as wind energy will further boost product demand globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region’s growth can be attributed to increasing demand from countries, such as China, Japan, South Korea, India and Australia. These countries are adopting a ‘made in China’ initiative at a domestic level owing to rising competition from Chinese products. This has led manufacturers based outside China to focus on developing their core competencies by focusing on areas of strength such as cost reduction or increased efficiency through innovation. As a result of this trend across Asia Pacific region; series battery pack type accounted for more than 80% share in 2017 while parallel type batteries occupied the remaining 20%.
The European market was valued at USD X billion in 2017 and is anticipated to witness significant growth over the forecast period owing with growing adoption across key markets including Germany (automotive), France (consumer electronics) Italy (energy storage).
Growth Factors:
- Increasing demand for electric vehicles
- Rising demand from the portable electronics sector
- Growing popularity of energy storage systems
- Proliferation of wireless charging technologies
- Advances in battery management systems
Scope Of The Report
Report Attributes
Report Details
Report Title
21700 Battery Pack Market Research Report
By Type
Series Battery Pack, Parallel Battery Pack
By Application
Consumer Electronics, Automotive, Others
By Companies
Panasonic (Sanyo), Sony, Samsung, LG, Efest, Tesla, EVE Energy, Guangdong Dynavolt Renewable Energy Technology, Tianjin Lishen Battery, Shenzhen Cham Battery Technology, ShenZhen XTAR Electronics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global 21700 Battery Pack Market Report Segments:
The global 21700 Battery Pack market is segmented on the basis of:
Types
Series Battery Pack, Parallel Battery Pack
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Consumer Electronics, Automotive, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Panasonic (Sanyo)
- Sony
- Samsung
- LG
- Efest
- Tesla
- EVE Energy
- Guangdong Dynavolt Renewable Energy Technology
- Tianjin Lishen Battery
- Shenzhen Cham Battery Technology
- ShenZhen XTAR Electronics
Highlights of The 21700 Battery Pack Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Series Battery Pack
- Parallel Battery Pack
- By Application:
- Consumer Electronics
- Automotive
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the 21700 Battery Pack Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A 21700 battery pack is a large, high-capacity battery designed for use in electric vehicles. It has a capacity of up to 36 kilowatt hours, which is more than three times the capacity of a typical automotive battery.
Some of the key players operating in the 21700 battery pack market are Panasonic (Sanyo), Sony, Samsung, LG, Efest, Tesla, EVE Energy, Guangdong Dynavolt Renewable Energy Technology, Tianjin Lishen Battery, Shenzhen Cham Battery Technology, ShenZhen XTAR Electronics.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 21700 Battery Pack Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 21700 Battery Pack Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 21700 Battery Pack Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the 21700 Battery Pack Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global 21700 Battery Pack Market Size & Forecast, 2020-2028
4.5.1 21700 Battery Pack Market Size and Y-o-Y Growth
4.5.2 21700 Battery Pack Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Series Battery Pack
5.2.2 Parallel Battery Pack
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Consumer Electronics
6.2.2 Automotive
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 21700 Battery Pack Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 21700 Battery Pack Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Series Battery Pack
9.6.2 Parallel Battery Pack
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Consumer Electronics
9.10.2 Automotive
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Series Battery Pack
10.6.2 Parallel Battery Pack
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Consumer Electronics
10.10.2 Automotive
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Series Battery Pack
11.6.2 Parallel Battery Pack
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Consumer Electronics
11.10.2 Automotive
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Series Battery Pack
12.6.2 Parallel Battery Pack
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Consumer Electronics
12.10.2 Automotive
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Series Battery Pack
13.6.2 Parallel Battery Pack
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Consumer Electronics
13.10.2 Automotive
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 21700 Battery Pack Market: Competitive Dashboard
14.2 Global 21700 Battery Pack Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Panasonic (Sanyo)
14.3.2 Sony
14.3.3 Samsung
14.3.4 LG
14.3.5 Efest
14.3.6 Tesla
14.3.7 EVE Energy
14.3.8 Guangdong Dynavolt Renewable Energy Technology
14.3.9 Tianjin Lishen Battery
14.3.10 Shenzhen Cham Battery Technology
14.3.11 ShenZhen XTAR Electronics
