What is the development trend of lithium battery industry chain?

This paper introduces the 2017 lithium-electric industry chain and capital market performance review in detail, introduces the market of subdivision industry, and finally analyzes the investment strategy of the lithium-electric industry.

Since the world's first commercial lithium-ion battery was introduced to the market by Sony in 1991, the lithium-ion battery industry has reached its 25th year of development. After more than 20 years of development, the lithium-ion battery market has grown from scratch, surpassing other secondary batteries such as nickel-cadmium batteries and nickel-metal hydride batteries to become the second largest secondary battery product after lead-acid batteries. Statistics released by AvicenneEnergy, a well-known European production and research institution, show that from 1990 to 2012, the size of the lithium-ion battery market has rapidly grown from 0.5 million kWh(in 1990 it was still in trial application) to 32.334 million kWh(Note: Different from domestic statistics, The main reason is that the agency does not know much about the situation in China. The annual compound growth rate is as high as 49 %, second only to 326 million kWh of lead-acid batteries. According to the agency, the market size of lithium-ion batteries grew at an average annual composite rate of 70.8 percent in the first 10 years of 2000 and 27.1 percent in the following 10 years.

Lithium-ion batteries have been grabbing market share of other secondary batteries since they were born, while also creating new market demand. Lithium-ion batteries first cut into the consumer electronics market such as mobile phones, digital cameras, and laptops, and took several years to quickly dominate the world.

Lithium-ion batteries are also creating new market demand. In the emerging markets of tablets, electric cars(PHEV+EV), and home energy storage that is compatible with distributed scenery power generation, some lithium-ion batteries are the first choice. In the market such as power grid storage that has not yet emerged, the use of lithium-ion batteries is significantly higher than that of other secondary batteries(such as the highest representative national power grid Zhangbei scenery storage and transmission demonstration project).

In anticipation of the future market size, the global lithium-ion battery market size is expected to exceed 200 million kWh in 2020, taking into account various factors, and the average annual compound growth rate in the second decade of the 21st century is close to 25 %. At the same time, the market size of lead-acid batteries is expected to drop to around 270 million kWh in 2010 by 2020. At the same time, around 2022 or 2023, lithium-ion batteries will surpass lead-acid batteries and become the most used secondary battery product in the market.

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