What is the market share of power cells in 2018

The report shows that in 2017, the growth rate of China's main market for lithium-ion batteries slowed to 16.85 %. However, thanks to the rapid development of the new-energy automotive industry, the power battery market is also showing prosperity. It is expected that the global growth rate of lithium-ion batteries will be maintained in 2018. The output is expected to reach 155.82 GWh, and the market size will reach 231.326 billion yuan.

Some organizations have predicted that after 2018, mobile phones in major areas of consumer batteries will be difficult to develop. The amount released in the early stages has basically met market demand. It is expected that the growth rate of consumption will drop to about 10 %, and the decline in production of notebook computers and tablets will continue to narrow. But the decline will continue, and other consumer products, such as wearable devices and drones, are expected to show rapid growth, but the overall scale is relatively small. Overall, demand for consumer lithium-ion batteries in 2018 will continue to grow at a low rate of about 3 %.

In stark contrast to the downward trend in consumer battery demand, demand for power cells is booming. In 2012-2016, the market share of power cells has rapidly increased from 7 % to 45 %. In 2017, China's output of lithium batteries exceeded 10 billion, an increase of 27.81 percent. The output of lithium batteries is expected to reach 12.1 billion in 2018, an increase of 22.86 %.

As one of the seven strategic industries in China, the new energy vehicles have achieved the development of industrialization and scale with the support of the supporting policies of the state and local governments. In the next few years, new energy vehicles are still an important industry in China. There is huge market space. It is expected that in 2018, the output of new energy vehicles in China will exceed 1 million and reach 2 million vehicles in 2020. The development of new energy vehicles has also led to a rapid expansion of power batteries. It is expected that the power battery market will account for more than 60 % in 2018 and become the main pillar of the future development of lithium batteries.

In addition, since the service life of the two main power cell ternary batteries and lithium iron phosphate batteries are about 2-4 years and 4-6 years, respectively, the power cells installed in 2013-2014 will be the first to retire in 2018. It is expected that the end-of-life power battery will double in 2018, and the recycling market for used power batteries will reach 5 billion yuan.

The market size of battery recycling will reach about 6.5 billion yuan by 2020, of which the scale of the cascade utilization market is about 4.1 billion, and the scale of the recycling market is 2.4 billion yuan. By 2023, the total market size will reach 15 billion yuan, of which the scale of the market used by the echelon is about 5.7 billion yuan, and the scale of the recycling market is about 9.3 billion yuan. This will undoubtedly further expand the power battery industry market, increasing unlimited business opportunities.

The page contains the contents of the machine translation.