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Status And Prospect Analysis Of Lithium Battery Industry

Dec. 02, 2019

With the continuous development of 21st century microelectronic technology, the increasing number of miniaturized electronic devices, consumers have higher requirements for power sources, traditional batteries such as lead-acid batteries are increasingly difficult to meet market demand, and Lithium-Ion Battery Energy Storage System begins to reach the public.


Compared with traditional batteries, lithium batteries have the advantages of high energy density, high operating voltage, light weight, small size, small self-discharge, no memory effect, long cycle life, and fast charging. At the same time, because they do not contain heavy metals such as lead and cadmium, no pollution and non-toxic materials, so it is widely used in consumer electronics such as smart phones, notebooks, and tablet computers, as well as in new energy vehicles and energy storage.


With the large-scale application of lithium-ion batteries, the development of the lithium-ion battery industry is also strongly supported by governments of various countries. China has also issued a series of relevant policy documents to strongly support the healthy and rapid development of China's lithium battery industry. For example, in March 2017, the four ministries and commissions of the Ministry of Industry and Information Technology, the Development and Reform Commission, the Ministry of Science and Technology and the Ministry of Finance jointly issued the "Action Plan to Promote the Development of the Automotive Power Battery Industry", and proposed that the development and industrialization of new lithium-ion power batteries will be vigorously promoted in the next 5-10 years. To achieve large-scale applications by 2020. Under the guidance of policies, China's domestic lithium battery market has been expanding.

Rack Mount Li-Ion Battery System

Rack Mount Li-Ion Battery System


Compared with power lithium batteries, energy storage lithium batteries are still in the market introduction stage, mainly due to cost, technical policies and other factors. Data show that in 2017, China's energy storage lithium battery output was 3.48GWh, an increase of 11.5% year-on-year; the same period, lithium-ion energy storage output value reached 5.5 billion yuan, an increase of 5.77% year-on-year, and is expected to be around 6.5 billion yuan in 2018.


As for consumer lithium batteries, due to the saturation of the consumer electronics market in recent years, the development of the consumer lithium battery market has slowed.


As one of the national development strategies, new energy vehicles have huge development potential. With the increase in the popularity of new energy vehicles and supporting facilities, and the gradual implementation of national policies, superimposed factors such as improved lithium battery production technology and lower costs, the demand for power batteries for new energy vehicles will continue to grow in the future. It is expected that Chinese cars will be in 2022 Power lithium battery output will reach 215GWh.


In terms of energy storage lithium batteries, China's energy storage lithium battery industry will enter the growth phase in the next 5 years, and the market has great potential. In the rising energy Internet, due to the large number of renewable energy and distributed energy access in large power grids, combined with the popular application of microgrids and electric vehicles, energy storage technology will be a vital part of coordinating these applications. The energy storage link will become a key node of the entire energy Internet; the rise of the energy Internet will significantly drive the demand for energy storage.


The rapid progress of lithium battery production technology has reduced the cost of lithium battery products, which will increase the competitiveness of energy storage lithium battery products compared to other energy storage technologies. The market penetration of lithium batteries in the energy storage field has gradually increased, such as Rack Mount Li-Ion Battery System will also further promote the corresponding growth of the application market size. It is estimated that by 2022, China’s lithium-ion energy storage output value will increase to 13.7 billion yuan.


In contrast, the future growth of consumer lithium batteries is relatively small. However, due to the rapid upgrading of consumer electronics products, and the development of light, thin, short, and miniaturized, the demand for lithium batteries with small size, large capacity, light weight, and high energy density is showing a rapid growth trend. Therefore, with the further improvement of people's quality of life and per capita income, the demand for consumer lithium batteries is expected to maintain a certain growth.


The above is the current situation and prospect analysis of the lithium battery industry introduced by Li-Ion Battery Energy Storage System Supplier.

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