The lithium-ion battery development market of China is at its rapid growth stage. China is one the real makers of the lithium-ion batteries around the world. China accounted roughly 55.0% share in the globally lithium-ion battery production, whereas U.S. represented for a share of 10.0% as of June 2017.
Energy Diversification: The Government of China is concentrating on energy diversification & has a objective of achieving 680 GW renewable capacity by 2020. Increasing use of energy storage compact devices such as emergency power backups or UPS has resulted in demand of lithium ion batteries in China in addition there is a solid capability of increased deployment of lithium-ion battery in energy storage.
Growth of Electric Vehicles: Policy support and motivators are expected to provide great opportunity for development of battery based automobiles in the country. The Chinese government has also made medium and Long-Term Development Plan for their Automotive Industry about the yearly output of new energy vehicles which will reach 5 million by 2020.
The composition of end user segment of batteries has been changing quickly in China. Consumer electronics were the main users of these lithium ion batteries as of 31st December 2017 which is expected to toppled by the automotive segment greatly because of introduction of New Energy Vehicle (NEVs) government policy and initiative towards zero emission will led to expansion of EVs in China.
The automotive segment has major potential for growth due to increased role of government initiative to promote sales of electric automobiles, as government has planned to introduce 5 million EVs on road by 2020 in the country. In the meantime the demand from people for Eco friendly vehicles due to increasing concerns of pollution will result in positive growth in the sales of Electric vehicles in the their country.
The rapid pace of technological improvement is a main challenge for lithium ion battery manufacturers. Introduction of latest high-tech machines for production of lithium battery restricts to the manufacturers to produce limited type of battery packs & it also affect the efficiency of production of a company which are operating on the old innovation or technology. The other key difficulties faced are the price war by other International battery makers across the globe.
The report, “China Lithium Ion Battery Market Outlook to 2022” by Ken Research trust that the increase in Electric Vehicles & Energy storage systems will drive growth in China Lithium Battery Market in the future.
Key Segments Covered:-
Type of Battery (Lithium Manganese Oxide Ternary, Lithium Iron Phosphate and Others)
Area of Application (Power Storage, Consumer Electronics, and Energy Storage)
By Consumer Electronics (Electronic Tools, Portable Charger, Mobile Phone, Tablet Laptop and Others)
By Power (Electric Bicycle, Electric Car, Low Speed Electric Car, Electric Tricycle and Other Electric Cars)
By Energy Storage (Home Energy Storage, Telecom Towers, Grid Energy Storage and Other Energy Storage)
By Shape of Battery ( Cylindrical Shaped Battery, Square Shaped Battery, Soft Pack Battery)
Key Target Audience:-
Distributors of Batteries
Manufacturers of Electric Vehicles
Importers of Batteries
Time Period Captured in the Report:-
Historical Period –2012- 2017
Forecast Period –2018- 2022
Contemporary Amperex Technology Co. Ltd. (CATL)
Tianjin Lishen Battery
China BAK Battery
Zhuhai Guangyu Battery Co. Ltd.
Murata New Energy
Optimum Nano Energy
For more information, refer to below link:-
Ankur Gupta, Head Marketing & Communications