Global 26650 Batteries In Electronics Market Size By Type (Lithium Manganese Oxide (LiMn2O4), Lithium Cobalt Oxide (LiCoO2)), By Application (Digital Cameras, Camcorders, Flashlights), By Geographic Scope And Forecast

26650 Batteries In Electronics Market Size And Forecast

26650 Batteries In Electronics Market size is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period from 2023 to 2030.

The factors driving the demand for the 26650 batteries are the growing demand for power-intensive consumer electronics and the increasing adoption of lithium-ion batteries due to their low discharge properties and high energy density. Additionally, the technological advancements in the battery manufacturing process, which are facilitating the development of better safety standards, are anticipated to drive the market’s growth in the forthcoming years. The Global 26650 Batteries In Electronics Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global 26650 Batteries In Electronics Market Definition

A 26650 battery is a cylindrical-shaped lithium-ion rechargeable battery having dimensions of approximately 26mm in diameter and 65mm in height. The “26650” designation is derived from these dimensions. The batteries are larger than the standard AA or AAA batteries commonly used in household electronics and are known for their high capacity and power output. The batteries typically have a nominal voltage of 3.6 to 3.7 volts, similar to other lithium-ion batteries. The capacity of a 26650 battery can vary, but it is usually greater than the smaller cylindrical batteries.

Due to their large size and high capacity, the 26650 batteries often have applications in devices requiring higher power and longer runtimes, such as power tools, high-performance flashlights, solar energy storage systems, electric vehicles, and other applications requiring considerable energy. The specific characteristics and chemistry of the battery, such as discharge rate, capacity, and voltage, generally varies depending on the intended use and manufacturer.

Global 26650 Batteries In Electronics Market Overview

The increasing demand for portable electronics, such as tablets, smartphones, and wearable devices, has surged the demand for these batteries as they can deliver extended operating times. For instance, according to data published by Bankmycell, global smartphone users increased from 6.05 billion in 2020 to 6.92 billion as of June 2023. The higher energy density of these batteries, as compared to smaller batteries, allowing extended usage without frequent recharging, is the crucial factor surging the demand for these batteries. Continuous advancements in battery technology have improved the cycle life, energy density, and overall performance of 26650 batteries. These improvements make the batteries more attractive for various electronic applications, which is expected to drive market growth.

For instance, in June 2021, CBAK Energy Technology announced the launch of a special 26650-lithium battery that features core material that makes the battery capable of operating in low temperatures up to -40 to -50°C. The batteries will have several applications in low altitude and latitude regions for energy storage in ultra-low-temperature base stations, environment, transportation, aviation, unmanned drones, and aerospace applications. The increasing popularity of electric vehicles is driving the need for high-capacity batteries to power EVs. The 26650 batteries, with their larger size and higher energy capacity, make them an ideal choice for their use in EVs and hybrid vehicles, which is expected to contribute to the market growth.

For instance, as per the Global Electric Vehicle Outlook report by the International Energy Agency, as of 2022, more than 10 million electric vehicles were sold globally. The article also states the sale of electric vehicles is expected to increase by 35% and reach 14 million in 2023. The share of electric vehicles has increased to 14% in 2022 from 4% in 2020 in the overall car market. The increasing adoption of renewable energy sources has increased the need for energy storage systems. The 26650 batteries offer a reliable option for energy storage due to their high capacity. Lithium batteries store energy during peak energy production and release energy when renewable sources are unavailable or during high-demand periods.

Global 26650 Batteries In Electronics Market Segmentation Analysis

The Global 26650 Batteries In Electronics Market is segmented on the basis of Type, Application, and Geography.

26650 Batteries In Electronics Market, By Type

• Lithium Cobalt Oxide (LiCoO2)
• Lithium Nickel Manganese Cobalt Oxide (LiNiMnCoO2)
• Lithium Manganese Oxide (LiMn2O4)
• Lithium Iron Phosphate (LiFePO4)
• Lithium Nickel Cobalt Aluminum Oxide (LiNiCoAlO2)
• Lithium Titanate (Li4Ti5O12)

Based on Type, the market is segmented into Lithium Manganese Oxide (LiMn2O4), Lithium Cobalt Oxide (LiCoO2), Lithium Iron Phosphate (LiFePO4), Lithium Nickel Manganese Cobalt Oxide (LiNiMnCoO2 or NMC), Lithium Nickel Cobalt Aluminum Oxide (LiNiCoAlO2), Lithium Titanate (Li4Ti5O12). The Lithium Cobalt Oxide (LiCoO2) segment accounted for the highest share in 2022 and is projected to grow lucratively during the forecast period. Lithium cobalt oxide batteries are the oldest and most commonly used lithium-ion batteries. The batteries have a high output, and long cycle life, and can provide about four times more power than conventional cylindrical batteries.

26650 Batteries In Electronics Market, By Application

• Digital Cameras
• Camcorders
• Flashlights
• Others

Based on Application, the market is differentiated into Digital Cameras, Camcorders, Flashlights, and Others. The digital cameras segment accounted for the largest market share in 2022. A typical laptop battery has a polymer electrolyte separator. These layered anodes consist of graphite sheets coated with carbon to prevent short circuits due to contact between metallic elements such as copper and aluminum and laminated cathodes, which contain pastel or clear-shaded lithium cobalt oxide (LiCoO) cells. The cathode material can accept electrons from the external circuit when they discharge and transmit them back during the charging process.

26650 Batteries In Electronics Market, By Geography

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

Based on Regional Analysis, the Global 26650 Batteries In Electronics Market is classified into Latin America, North America, Asia Pacific, Europe, and Middle East & Africa. North America contributed the highest share in 2022. The market’s growth is attributed to the region’s high adoption of laptops, mobiles, and tablets. The region also has high digital literacy, which is expected to drive the adoption of electronic gadgets. Additionally, the high adoption of electric vehicles in the region drives market growth further. For instance, as per data published by the International Energy Agency, as of 2021, about 630,000 EVs were sold in the U.S. The demand for electric vehicles is expected to increase considerably in the forthcoming years owing to favorable government initiatives and increasing awareness about sustainable development.

Key Players

The “Global 26650 Batteries In Electronics Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Panasonic (Sanyo), Sony, Samsung, LG, Efest, EBL Mall, ShenZhen BAK Battery, Apis Cor, and ShenZhen XTAR Electronics. This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.

Key Developments

• In February 2021, CBAK Energy announced it had started the trial production of Special 26650 batteries. These batteries are developed to work in ultra-low temperatures and can function optimally in low temperatures of -40 to -50°C.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global 26650 Batteries In Electronics Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global 26650 Batteries In Electronics Market, gauge the attractiveness of a particular sector, and assess investment possibilities.

Report Scope