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21700 Lithium-Ion Battery Market size is set to grow by USD 6.54 billion from 2024-2028, Improved capacity and performance of lithium-ion battery to boost the market growth, Technavio

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NEW YORK, July 4, 2024 /PRNewswire/ — The global 21700 lithium-ion battery market size is estimated to grow by USD 6.54 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 21.22% during the forecast period. Improved capacity and performance of lithium-ion battery is driving market growth, with a trend towards rise in battery recycling initiatives. However, restrictions on transporting lithium-ion batteries by air poses a challenge. Key market players include AA Portable Power Corp., EVE Energy Co. Ltd., Far East Holding Group Co. Ltd., GODI India Pvt. Ltd., Guangdong CVATOP New Energy Technology Co. Ltd., Guangzhou Great Power Energy and Technology Co. Ltd., Jiangsu Tianpeng Power Supply Co. Ltd., LG Chem Ltd., Murata Manufacturing Co. Ltd., Panasonic Holdings Corp., Samsung SDI Co. Ltd., Shenzen ACE Battery Co. Ltd., Shenzen Fest Technology Co. Ltd., Shenzhen A and S Power Technology Co. Ltd., Shenzhen BAK Power Battery Co. Ltd., Shenzhen XTAR Electronics Co. Ltd., Sony Group Corp., Taiwan Cement Corp, Tesla Inc., and TianJin Lishen Battery Joint Stock Co. Ltd..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Application (Automotive, Consumer electronics, and Others), Type (Lithium nickel manganese cobalt, Lithium titanate, Lithium iron phosphate, and Lithium cobalt oxide), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)

Region Covered

APAC, Europe, North America, South America, and Middle East and Africa

Key companies profiled

AA Portable Power Corp., EVE Energy Co. Ltd., Far East Holding Group Co. Ltd., GODI India Pvt. Ltd., Guangdong CVATOP New Energy Technology Co. Ltd., Guangzhou Great Power Energy and Technology Co. Ltd., Jiangsu Tianpeng Power Supply Co. Ltd., LG Chem Ltd., Murata Manufacturing Co. Ltd., Panasonic Holdings Corp., Samsung SDI Co. Ltd., Shenzen ACE Battery Co. Ltd., Shenzen Fest Technology Co. Ltd., Shenzhen A and S Power Technology Co. Ltd., Shenzhen BAK Power Battery Co. Ltd., Shenzhen XTAR Electronics Co. Ltd., Sony Group Corp., Taiwan Cement Corp, Tesla Inc., and TianJin Lishen Battery Joint Stock Co. Ltd.

Key Market Trends Fueling Growth

The global 21700 lithium-ion battery market is experiencing significant growth due to the increasing use of batteries in various applications, including electronic devices, electric vehicles, and material-handling equipment. As the number of batteries reaching their end-of-life increases, the need for effective recycling solutions becomes crucial. Recycling initiatives have gained momentum, leading to the development of new cost-effective processes to recover critical battery materials. The US Department of Energy (DOE) has established the ReCell Lithium Battery Recycling R&D Center, focusing on economically viable and environmentally friendly recycling methods. Direct recycling, a promising approach, involves recovering cathode materials as reusable mixtures, minimizing waste and reducing recycling costs. However, this technique requires specialized processes for different cathodes and depends on battery health. Additionally, second-use applications can extend the life of spent batteries, further boosting market growth. In summary, recycling initiatives and innovative recycling processes are key drivers for the growth of the 21700 lithium-ion battery market. 

The 21700-sized lithium-ion battery market is booming, with applications ranging from portable electronics to electric vehicles and energy storage systems. These batteries come in cylindrical format and offer higher energy density, making them ideal for various industries. Manufacturers are exploring novel electrode materials and manufacturing techniques to enhance battery technology’s performance. Quality standards and safety laws are crucial for electric cars, solar energy, wind turbines, data centers, telephone networks, and other applications. The market is expected to reach 750 GWh by 2027, with 100 GWh from electric vehicles, 295 GWh from energy storage, and 957GWh from portable devices. High-performance batteries power electric cars, backup power systems, and grid-scale energy storage. Traditional lithium-ion batteries like LiCoO2 and LiFePO4 are being replaced by these advanced batteries. Safety issues are a concern, but manufacturers prioritize energy efficiency and sustainability. The market caters to various sectors, including New energy vehicles, power tools, medical devices, and portable devices, with capacities ranging from 3004000 mAh to 3004800 mAh. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

Lithium-ion batteries, which use lithium as the anode due to its high electrochemical potential, are commonly used in devices such as laptops, tablets, and smartphones. However, the same property that makes lithium suitable for producing high-capacity batteries also makes it highly reactive, increasing the risk of thermal runaway and potential explosions. The International Air Transportation Association (IATA) has enforced regulations restricting the shipment of lithium-ion batteries by air due to safety concerns. These regulations limit package weight to 2.5 kg and require batteries to be labeled as Class 9 hazardous materials. Manufacturers must also comply with transportation regulations for international and domestic shipments by air, sea, and land. Strict testing requirements and packaging regulations further complicate the shipping process. These regulations pose a significant challenge to the 21700 lithium-ion battery market, increasing costs and complexities for manufacturers and suppliers.The 21700 Lithium-Ion Battery market faces challenges in various sectors such as backup power systems and grid-scale energy storage, requiring extended cycle life and high-performance batteries. Solar energy and wind turbines rely on these batteries for efficient energy management. Data centers, telephone networks, and security systems also depend on energy storage solutions for uninterrupted power supply. In the transportation sector, New energy vehicles and vehicle power batteries are driving demand for 21700 Lithium-Ion Batteries. The market size is projected to reach 750 GWh by 2027, with sub-segments like Energy storage battery, Vehicle power battery, and Power tools. Safety issues are a concern, with energy density being a critical factor. Traditional Lithium-ion batteries like LiCoO2 and LiFePO4 are being replaced by smart technologies like IoT and AI in manufacturing processes. Portable devices like power banks, laptop battery packs, flashlights, and cordless power tools also utilize these batteries. The market includes 3004000 mAh to 3004800 mAh batteries for various applications. Automotive companies are investing heavily in this sector to meet the growing demand for electric vehicles.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This 21700 lithium-ion battery market report extensively covers market segmentation by

Application 1.1 Automotive1.2 Consumer electronics1.3 OthersType 2.1 Lithium nickel manganese cobalt2.2 Lithium titanate2.3 Lithium iron phosphate2.4 Lithium cobalt oxideGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Automotive- The 21700 lithium-ion battery market, particularly in the automotive segment, is poised for significant growth due to the increasing adoption of electric vehicles (EVs) and e-bikes. The advantages of lithium-ion batteries over other chemistries, such as higher energy density, superior performance, and longer cycle life, make them a preferred choice for these applications. In the automotive sector, the shift towards EVs is driven by government initiatives to reduce environmental pollution and promote clean energy. Countries like the UK, France, Belgium, Norway, and the Netherlands offer subsidies and incentives to boost EV adoption, with some even planning to ban the sale of diesel vehicles by 2040. Furthermore, advancements in 21700 lithium-ion battery technology and the decline in prices have led to their increased use in the e-bike segment, which demands longer running times and faster charging rates. As a result, the 21700 lithium-ion battery market will experience substantial growth during the forecast period due to the expanding EV and e-bike industries.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report

Research Analysis

The 21700-sized lithium-ion batteries, with their 18650 cell counterparts, have gained significant attention due to their cylindrical format and energy storage capabilities. These batteries are essential for various applications, including energy storage systems, portable electronics, electric vehicles, and novel electrode materials. The global market for 21700-sized lithium-ion batteries is projected to grow exponentially, with estimates suggesting a potential capacity of 750 GWh by 2030. This growth is driven by the increasing demand for high-performance batteries in New Energy Vehicles and Energy storage solutions. The battery technology continues to evolve, with manufacturing techniques improving efficiency and reducing costs. Applications span from Vehicle power batteries and Energy storage batteries to power tools, portable devices such as laptops and tablets, and LiCoO2 Battery. Energy density remains a key focus area for innovation, with traditional lithium-ion batteries making way for advanced technologies to meet the growing demand for longer runtimes and higher power output.

Market Research Overview

The 21700-sized lithium-ion batteries, also known as 18650 cells in cylindrical format, have gained significant attention in various industries due to their energy storage capabilities. These batteries are used in a wide range of applications, from portable electronics to electric vehicles and energy storage systems. The battery technology continues to evolve with the exploration of novel electrode materials and manufacturing techniques. Energy efficiency and sustainability are key drivers of the market, with higher energy density being a major focus. The market for 21700-sized lithium-ion batteries is projected to grow significantly, with estimates suggesting a potential capacity of 750 GWh by 2027, up from 100 GWh in 2020. Applications include electric cars, backup power systems, grid-scale energy storage, and renewable energy sources such as solar energy and wind turbines. The batteries are also used in data centers, telephone networks, and security systems. Safety laws and quality standards are crucial considerations in the market, with a focus on extended cycle life, energy density, and safety issues. The market for high-performance batteries is expected to grow, with applications in New Energy Vehicles, power tools, medical devices, and portable devices such as laptops, tablets, and power banks. Manufacturing processes are being optimized through smart technologies, IoT, and AI to improve efficiency and reduce costs. Traditional lithium-ion batteries, such as LiCoO2 and LiFePO4, continue to dominate the market, but new advancements in battery technology are expected to disrupt the market in the coming years. The market for 21700-sized lithium-ion batteries is expected to reach 295 GWh by 2025 and 957GWh by 2030. The batteries have a capacity of 3004000 mAh to 3004800 mAh, making them ideal for various applications where high energy density and long-lasting power are required.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationAutomotiveConsumer ElectronicsOthersTypeLithium Nickel Manganese CobaltLithium TitanateLithium Iron PhosphateLithium Cobalt OxideGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Axon Announces Body 5: Next-Generation Camera Built for the AI Era

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Axon Body 5 delivers 25x the AI processing power of earlier-generation cameras, with upgraded connectivity, audio and battery life to support real-time situational awareness in the field

SCOTTSDALE, Ariz., Oct. 24, 2026 /PRNewswire/ — Axon (Nasdaq: AXON), the global leader in public safety technology, today announced Axon Body 5, its newest body-worn camera designed to bring more powerful intelligence, connectivity and real-time support directly to officers in the field.

For years, Axon body cameras have helped agencies capture critical evidence and create greater transparency. Body 5 is built to help officers during the call, with information, assistance and backup on the spot.

“Officers shouldn’t have to choose between getting information and watching the scene. With Axon Body 5, they don’t,” said Rick Smith, Axon Founder and CEO. “They capture a license or document with the camera, keep their hands free and eyes up, and get information faster than writing it down and calling it in by radio. An officer fully engaged with the person in front of them, not down at a notepad, is a safer officer and a better-served community.”

Axon Body 5: Built for the AI Era

Built from the ground up for the AI era, Axon Body 5 delivers 25x the AI processing power than earlier generation Axon body cameras, alongside advancements in connectivity, audio, video and battery life. Together, these upgrades give the camera the physical power to run smarter AI features — both today and as new AI tools are developed in the future — while also making it more dependable for officers to use every day. 

For the first time, Axon is also introducing two versions of its latest flagship camera: Axon Body 5 and Axon Body 5 Pro.

Both models feature several key advancements, including:

25x more processing power for AI: A powerful new computing architecture creates the capacity to support current and future AI features directly on the body camera.Enhanced video: Improved video captures clearer evidence across challenging environments, including better low-light performance.Improved connectivity: Seamless connectivity in urban and remote environments – and more precise location capability – helps officers, cameras and remote support teams stay connected when timely information matters most.Longer battery life: 20% more battery life than the previous generation helps keep the camera ready and connected throughout an officer’s shift.

The Axon Body 5 Pro will continue to gain new AI capabilities as they become available, growing along with the AI Era Plan. Additionally, new hardware features include:

A near-focus camera: An additional dedicated camera lens lets officers scan driver’s licenses to check status and search for wants or warrants in seconds, without returning to the patrol vehicle, with relevant information sent to Axon Fusus to support real-time operations.Front-facing speakers: Four additional speakers project even more powerful audio toward the person an officer is speaking with, helping real-time translations from Axon Assistant carry more clearly over heavy traffic or crowd noise. Additional memory: Extra space lets the camera run several AI tools at once, helping officers stay better informed and work faster.

Bringing More of Axon’s AI Era Into the Field

Axon Body 5 helps officers get more out of the Axon AI Era Plan by bringing smart tools right to the scene. Axon’s portfolio already supports public safety professionals across a growing range of tasks. For example, Draft One helps officers turn body-camera audio into high-quality report drafts and Axon Assistant provides voice-based information access and real-time translation.

Increasingly, Axon is also bringing AI into real-time operations.

Axon Guardian is a new category of AI features within the AI Era Plan that was specifically created to work with an officer’s field-based devices – starting with body cameras and in-car cameras – to improve safety. Guardian is designed to flag potential risks as situations unfold and create alerts when additional attention may be needed. Two of the first features include:

Escalation Detection: When an Axon Body 4 or Axon Body 5 camera is activated and recording, Guardian has the ability to detect potential conflicts in real time and create an alert in Axon Fusus. A human reviews the livestream and decides if additional support or action is needed.Approach Alert: When active on Axon Fleet 3, Guardian can detect if the door of a stopped vehicle opens and alert the officer through the in-car display and their body-worn camera.

Combined, Axon Body 5 and the expanding AI Era portfolio demonstrate the importance of AI as a critical resource to assist public safety professionals before, during and after an incident — reducing administrative burden, improving situational awareness and helping protect more lives.

Innovating Responsibly

Axon’s Responsible Innovation framework guides the development of all of its products. Designed with this in mind, Axon Body 5 and Guardian prioritize human oversight and maintain agency control over data. As a key part of the responsible innovation process, Axon’s independent Ethics and Equity Advisory Council was created to help responsibly develop and deploy new technologies with transparency, while aligning with community expectations.

General availability dates for Axon Body 5 and Axon Guardian will be announced soon. Product features and capabilities vary by configuration. For more information on Axon’s current products and services: Axon Product Catalog – Axon.com.

About Axon
Axon (Nasdaq: AXON) is the global leader in public safety technology supporting state, local, federal and international public safety agencies with technology designed to Protect Life. Complementing its mission, Axon’s growing Enterprise market focuses on protecting critical infrastructure and frontline workers across multiple industries including corporate security, hospitality, retail and healthcare. Founder-led since 1993, Axon builds products with transparency and responsibility. From TASER energy devices to today’s connected network of hardware – including cameras, drones, and robotics – cloud software, sensors, and AI-tools, the Axon ecosystem helps seamlessly protect people and places when it matters most. To ensure these technologies align with community expectations, Axon’s independent Ethics & Equity Advisory Council guides the ethical, inclusive, and accountable design of its products and services. Learn more about the EEAC and Axon’s Responsible Innovation framework at Axon Responsibility. 

Non-Axon trademarks are the property of their respective owners. Axon, TASER and the Delta Logo are trademarks of Axon Enterprise, Inc., some of which are registered in the US and other countries. For more information, visit www.axon.com/legal. All rights reserved.

Please visit https://investor.axon.com and https://www.axon.com/newsroom for more information.

Media Contact:
Kate MacKinnon
Vice President, Communications
press@axon.com

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In HelloNation, Custom Fabrication Expert Mark Coyle Explains a Common Mistake in Custom Aluminum Design

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The article explains why smart geometry, not thicker walls, creates stronger, more efficient aluminum components.

ROCHESTER, N.Y., Oct. 24, 2026 /PRNewswire/ — What early design choice causes many custom aluminum projects to become heavier, costlier, or harder to manufacture? That question is addressed in a HelloNation article featuring insights from Custom Fabrication Expert Mark Coyle of American Custom Metals, Inc. in Rochester, New York, that outlines how misunderstanding aluminum behavior leads designers to rely on thick walls instead of stronger geometry.

The article begins by explaining that many people assume thicker walls automatically make aluminum parts stronger. It notes that aluminum does not respond to wall thickness the way steel does. Instead, its performance is shaped by how the metal flows through the extrusion die. The article states that custom aluminum design is more effective when profiles use ribs, chambers, and flanges to create stiffness without adding unnecessary weight. This guidance helps readers understand why adding material often increases cost without improving strength.

The article also highlights that thicker walls change how aluminum moves during extrusion. When heavy areas fill more slowly, the metal cools unevenly and can develop stress that only appears later. The HelloNation piece explains that well-balanced geometry keeps extrusion smooth and predictable. This consistency makes it easier to maintain dimensional accuracy across long production runs. By focusing on geometry, custom aluminum design avoids the problems that come with slow extrusion speeds and uneven cooling.

Another insight in the article centers on how ribs and internal supports influence stability. It describes how a thin wall supported by a properly placed rib often performs better than a thick wall with no reinforcement. This happens because the rib helps distribute load, improve stiffness, and guide the aluminum as it cools. The article explains that this structural approach makes custom aluminum design more efficient and gives designers more control over how the final part behaves under pressure.

The article also shows why early collaboration between designer and fabricator prevents costly changes. It states that a fabricator familiar with extrusion can catch potential issues before a die is built. Small adjustments to corners or transitions can remove weak points or improve metal flow. The article notes that this teamwork keeps the design aligned with real-world production. By working together early, both sides reduce the risk of redesigning the die after the first test run.

Machining is another area where the article explains how wall thickness affects performance. Features such as deep pockets or sharp internal angles may require slow feed rates or special tooling. When walls are thicker than needed, those areas can become difficult to machine cleanly. The article states that thoughtful custom aluminum design makes machining more predictable. Small changes, such as adding radiused edges or sizing features to match standard tools, help shorten cycle times and prevent tool wear.

Thermal behavior receives detailed attention as well. The article explains that aluminum retains heat differently depending on the mass of each section. Thicker walls hold heat longer, which increases the chance of distortion during extrusion, machining, or finishing. When a design uses geometry to create strength, the material cools more evenly. This reduces warping and helps long profiles stay aligned. The article notes that stable cooling is important for components that require a precise fit and consistent shape throughout an entire production run.

Cost is also a key topic in the article. It states that heavier profiles increase material use, extrusion time, and tooling needs. A custom aluminum design that relies on geometry instead of mass lowers material consumption and keeps the fabrication process efficient. The article explains that lighter parts are easier to handle, ship, and assemble. This saves money across multiple stages of production and supports long-term manufacturing efficiency.

The article also notes that smart custom aluminum design creates profiles that behave predictably during extrusion and machining. Smooth transitions, balanced wall dimensions, and structural features help reduce the chance of distortion or dimensional drift. These elements also lower scrap rates and support reliable performance. By using geometry instead of excess material, designers build parts that maintain strength without compromising manufacturability.

As the article concludes, it emphasizes that avoiding thick walls is one of the best ways to improve performance and lower cost. It states that the most dependable custom aluminum components come from designs that use structural features to strengthen the profile. When designers understand how aluminum behaves at each stage of extrusion and machining, they create parts that are strong, efficient, and consistent from batch to batch. This approach turns custom aluminum design into a predictable process rather than a series of uncertain adjustments.

A Common Mistake in Custom Aluminum Design features insights from Mark Coyle, Custom Fabrication Expert of Rochester, NY, in HelloNation.

About HelloNation
HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

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World Young Scientist Summit 2026 Opens in Wenzhou, Zhejiang

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WENZHOU, China, Oct. 24, 2026 /PRNewswire/ — This is a report by China Daily:

On October 24, the World Young Scientist Summit 2026 opened in Wenzhou, Zhejiang. The event is hosted by the China Association for Science and Technology (CAST), the Zhejiang Provincial People’s Government, and the World Association of Young Scientists. Nearly 800 representatives, including scientists, educators, and entrepreneurs from more than 60 countries and regions, are attending the summit.

He Junke, Vice President of CAST in charge of daily work and First Secretary of its Secretariat; Lian Yimin, Chairman and Party Group Secretary of the Zhejiang Provincial Committee of the Chinese People’s Political Consultative Conference; Marcelo Knobel, Executive Director of The World Academy of Sciences; and Zhang Zhenfeng, Member of the Standing Committee of the CPC Zhejiang Provincial Committee and Secretary of the CPC Wenzhou Municipal Committee, attended the summit and delivered remarks. Yao Gaoyuan, Vice Governor of the Zhejiang Provincial People’s Government, presided over the first segment of the plenary session.

With the theme “Gathering Talents Worldwide to Create a Better Future,” the summit’s annual agenda is “Global Youth Action in the AI Era: Building a Sustainable Future.” It aims to draw on the insights of young people around the world, deepen international sci-tech cooperation, and jointly address questions about young people, science, the world and the future.

Efim Zelmanov, Fields Medalist and Foreign Member of the Chinese Academy of Sciences; Chen Yunji, Deputy Director of the Institute of Computing Technology, CAS, and Director of the National Key Laboratory of Processor Chips; Mary Garson, President of the International Union of Pure and Applied Chemistry; and Lu Chaoyang, Member of the Standing Committee of CAST, Executive Dean of the Shanghai Institute of Advanced Study, University of Science and Technology of China, and Chairman of the Council of the World Association of Young Scientists, delivered keynote speeches respectively on education reform in the AI era, AI and processor chips, young women scientists’ participation in science, and quantum computing. They explored new opportunities for scientific research, talent cultivation, and international cooperation in the AI era.

This year’s summit placed greater emphasis on the growth needs of young scientists, with young talents under the age of 45 accounting for 88 percent of participants. It aimed to build a cluster of international journals, bring together young scientific talent, facilitate a batch of international collaborative projects and advance the application and commercialization of scientific and technological achievements. The summit released the Report on the Distribution and Mobility of Young Scientists in the Field of Embodied Intelligence, launched the World Young Scientist Summit Partner Journal Program and the 2026 World Young Scientist Innovation and Entrepreneurship Growth Support Program. It also published the “Young Scientist Pioneers 2035” list and announced the 2026 Sustainable Development Young Scientist Award. The awards were presented to four Chinese and foreign scientists.

Chen Tianrun, Founder of Hangzhou Moxin Technology Co., Ltd.; Yuan Yang, Assistant to the Dean of the Institute for Interdisciplinary Information Sciences at Tsinghua University; and two of the 2026 Sustainable Development Young Scientist Award winners, César de la Fuente and Nicola Segata, among other Chinese and foreign young scientist representatives, spoke at the flash-talk session to share their research practices and reflections.

In addition, the conference focused on fields such as future manufacturing, quantum information, embodied intelligence, brain-computer intelligence, environmental science, deep-sea resources, and life and health, and held 12 parallel forums. It also included the “Gravitation π” Future Technology and Concept Products Exhibition and Exchange, local thematic side events, and sci-tech and humanities study visits, further building an interdisciplinary, cross-regional and cross-sector platform for youth sci-tech exchange and cooperation.

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