Lithium-ion battery scale will continue to expand
Jul 18, 2018

It is understood that in the past 10 years, the global lithium-ion battery industry has maintained an average annual growth rate of 26%, and new application fields in the future will provide a broad space for the application of lithium-ion batteries. At the same time, the maturity of new materials technology will lead the future development of the battery industry.

It is estimated that the market demand for lithium-ion batteries will continue to grow at a rapid annual growth rate of nearly 50% in the next five years. By 2018, global demand will exceed 385 million kWh, which is more than 7 times that of 2013, surpassing lead. Acid batteries have become the largest secondary battery products.

So, what is the reason for the rapid development of the lithium battery industry? Experts in the industry believe that the level of localization of the four key materials for lithium-ion batteries is increasing. China's lithium-ion battery positive and negative materials, electrolytes, film production have increased in varying degrees. Secondly, factors such as the growth of downstream markets, the increase of local government support, and the acceleration of electric vehicle applications have stimulated the investment and expansion of lithium-ion battery manufacturers, driving the demand for lithium-ion battery production equipment. Thirdly, it was driven by emerging energy storage markets such as communication base stations, photovoltaics, and wind power. In 2013, the market for energy storage lithium-ion batteries increased significantly to 2 billion yuan, an increase of 43%.

The cost of lithium batteries will decline in the future, mainly due to the increase in yield and the reduction in labor costs due to automation. These will drive the lithium-ion battery market to further increase.

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