Development of power battery PACK industry market and its prospects

Global power battery PACK industry scale analysis

With the trend of division of labor more and more obvious, driving the deep development and differentiation of the battery industry, under this background, the power battery PACK industry has gradually started and achieved rapid development. According to relevant authority statistics, in 2011, as the power battery PACK industry In the early stage of development, the global power battery PACK industry market size is not high, only about 3.98 billion US dollars, the industry's most active manufacturers are concentrated in Japan, South Korea and other countries and regions that have been deeply involved in the battery industry for many years. At the same time, a small part is concentrated in China and Taiwan. By 2017, the global power battery PACK industry market has grown rapidly to 38.6 billion US dollars, with a compound annual growth rate of 46% in 2011-2017.

Chart 1: 2011-2017 global power battery PACK industry market size (unit: billion US dollars, %)

Global power battery PACK industry competition pattern

In terms of regions, the global power battery PACK market is dominated by Japan, South Korea and China, and its power battery capacity accounts for more than 95% of the world. From the company's situation, in 2017, Japan's four large power battery PACK manufacturers occupy the world. The proportion is up to 56%; South Korea is also a power battery PACK production company occupying 18% of the global market; China's power battery PACK industry companies, but most of the market share is not high, the company's overall market share accounted for 23%, including BYD accounts for 13% of the global market share and accounts for about 56% of the Chinese market.

Figure 2: Global Power Battery PACK Market Structure Characteristics (Unit: %)

Development analysis of power battery PACK industry in major countries/regions

Japan power battery PACK industry development analysis

Japan, South Korea, and China are the world's three largest battery producers, and Japan is the country with the leading technology and production. In terms of industrial policy, Japan has formulated a development plan for 2030 to systematically arrange research and development, in order to maintain long-term leadership. Panasonic, NEC, Sony and other famous companies have built a large-scale lithium-ion battery production line.

According to statistics, in 2011, the market size of Japan's power battery PACK industry was 2.2 billion yuan. The industry development rate was slow in 2011-2013. In 2017, the market size of the industry reached 2016 billion US dollars, accounting for 56% of the global power battery PACK.

Chart 3: 2011-2017 Japan power battery PACK industry scale (unit: billion US dollars)

Korean power battery PACK industry development analysis

The Korean power battery industry is basically in line with Japan in terms of technology and is in the world's leading level. It is also in the top three positions in the world in terms of production capacity, especially the lithium battery supplied by LG Chemical of South Korea has driven more than 300,000 electric vehicles on the road, Samsung SDI It has also become the world's leading supplier of power batteries, providing batteries to BMW, Fiat, Ferrari, etc.

In 2011, the market size of Korea's power battery PACK industry was 600 million yuan. In 2017, the market size of the industry increased to 6.9 billion US dollars, accounting for about 18% of the global power battery PACK.

Chart 4: South Korea's power battery PACK industry scale in 2011-2017 (unit: billion US dollars)

Taiwan power battery PACK industry development analysis

In the first decade of the 20th century, the development of the power battery industry in Taiwan was relatively prosperous. Taiwan’s Xinpu Technology Co., Ltd., Taiwan’s Shunda Technology Co., Ltd. and Taiwan’s Jiabaiyu Industrial Co., Ltd., among the first two In 2017, the company's global power battery PACK industry accounted for about 2% of the market share. According to statistics, in 2011, Taiwan's power battery PACK industry market size of 240 million US dollars, to 2017 to grow to 680 million US dollars Among them, 2016 has decreased compared with the previous year, mainly with the PACK producers of power batteries in Taiwan still using the previous business model, that is, the professional power battery PACK production and the industrial chain between upstream and downstream have not been established.

Chart 5: 2011-2017 Taiwan Power Battery PACK Industry Scale (Unit: 100 million US dollars)

Global power battery PACK industry forecast

In the past two years, countries have successively issued policies on promoting domestic new energy vehicle production, and vigorously encouraged the utilization and development of new energy. As the main battery used by new energy vehicles, the power battery will usher in the opportunity of gold development driven by the policy. The power battery PACK industry will also get more development opportunities under the favorable situation of power battery. Moreover, with the continuous updating and breakthrough of technology, the business model continues to innovate and explore, and the power battery PACK industry is in new technology and new mode. Driven by this, it will also usher in higher-speed growth. Looking ahead, driven by the favorable policies and the rising trend of new energy vehicle production in various countries, the growth rate of the power battery PACK industry will remain at around 30% in the next five years level. By 2023, the global power battery PACK market will reach 186.3 billion US dollars.

Figure 6: Forecast of the development of the global power battery PACK industry in 2018-2023 (unit: billion US dollars)

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