Power battery suddenly emerged to quickly seize market size

With the vigorous promotion of new energy vehicles and the accelerated popularization of digital electronic products, the lithium-ion battery market has also developed rapidly. Among them, China has become one of the fastest growing markets for lithium-ion batteries worldwide. According to the big data of the Prospective Industry Research Institute, the size of China's power battery market in 2016 was 64.5 billion Yuan.

Lithium batteries are mainly classified into consumer lithium-ion batteries, power lithium-ion batteries and energy storage lithium-ion batteries according to downstream applications. Before 2015, China's lithium battery market was dominated by consumer lithium batteries, and it dominated.

Since 2015, China's lithium battery industry structure has undergone significant changes. The demand for power lithium batteries has grown rapidly. In 2016, the market for power lithium batteries accounted for 52%, surpassing 50% for the first time and surpassing consumer lithium batteries.

In 2015, it was only 47%; the consumption of lithium-ion battery market continued to decline, about 42% in 2016, and in 2014 and 2015, it was 83% and 48% respectively; the application of photovoltaic distributed applications and mobile communication base stations in the field of energy storage batteries continues to expand, accounting for 6% in 2016.

Global lithium battery shipments continue to grow

According to the "Lithium Battery Industry Market Demand Forecast and Investment Strategy Planning Analysis Report" issued by the Prospective Industry Research Institute, the global lithium-ion battery market reached 185.023 billion Yuan in 2016. With the good pull of the industrial chain, the lithium battery market is growing. It is expected that the global lithium-ion battery market will reach 206.062 billion Yuan in 2017. By 2018, the global lithium battery market will reach 231.326 billion Yuan.

In terms of shipments, global lithium battery shipments reached 115.41GWh in 2016 and reached 129.15GWh in 2017. By 2018, global lithium battery shipments will exceed 140GWh.

China's lithium-ion battery industry is increasingly influential

China is one of the leading producers of lithium-ion batteries. In 2014, China's lithium-ion battery production reached 5.287 billion, accounting for 71.2% of the world's total output, ranking first in the world for ten consecutive years. In 2016, the annual output of lithium-ion batteries in China reached 7.842 billion, which is about three times higher than the 2.687 billion in 2010, with a compound annual growth rate of 19.54%.

Power battery suddenly rises

In recent years, driven by the transformation of energy technology and emerging technology companies such as Tesla, the global new energy vehicle industry has experienced explosive growth. China's new energy automobile industry has been supported by policies and has become the largest electric vehicle market in the world since 2015.

In 2017, new energy vehicles produced 794,000 vehicles, a year-on-year increase of 53.8%, and a year-on-year growth rate of 2.1 percentage points. In 2017, the new energy vehicle market accounted for 2.7%, an increase of 0.9 percentage points over the previous year. Recently, the Ministry of Industry and Information Technology further stated that it will formulate a timetable for the suspension of fuel vehicles, providing a strong policy guarantee for the future development of the new energy vehicle industry. It is expected that sales of new energy vehicles will maintain a high growth rate of around 40% in the next four years, and the demand of related upstream industries will continue to be driven.

Driven by the booming production and sales of new energy vehicles, China's lithium-ion power battery capacity has entered the “Great Leap Forward” since the second half of 2015, and a large amount of social capital has poured in. According to incomplete statistics, the capacity of lithium-ion power batteries built by relevant enterprises in China reached 100-130GWh/a in 2016, and the power battery capacity in China is close to 200GWh/year in 2017. The rapid growth of power battery capacity will greatly boost the upstream lithium battery industry. The scale and demand for key materials will increase significantly.

The scale of the industry is growing steadily, and China's advantage is expected to expand.

In 2017, the growth rate of the main application market of lithium-ion batteries slowed down. The global lithium-ion battery industry scale exceeded 300 billion Yuan, and the growth rate dropped by 4 percentage points compared with 2016. Under the promotion of new energy vehicle promotion policies, China's electric vehicle production will reach 650,000 in 2017, and its share in the global electric vehicle market will further increase.

Power battery leads growth, market share will exceed 60%

In 2017, as the domestic mobile phone brand has basically occupied the domestic market, the difficulty of international market development is increasing. It is expected that the growth rate will drop to about 10%, and the decline in production of notebook computers and tablet PCs will continue to narrow, but it will continue to decline. Other consumer products such as wearable devices and drones are expected to show rapid growth, but the overall scale is small. Overall, the demand for consumer lithium-ion batteries in 2017 will maintain a low growth rate of around 3%. At present, China's lithium-ion materials companies are constantly entering the international front, and some materials companies have become one of the global leaders. In the long run, new energy vehicles will become an important industry in China in the next few years. China's material enterprises are expected to accelerate their development speed and usher in global competition opportunities with huge domestic market space.

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