China Business Intelligence Network News: In the past, due to the small size of the energy storage industry and the fact that it had not yet entered the point of full economic development, the proportion of corporate energy storage business was low and the business volume was small. In recent years, with the reduction of industrial costs and the promotion of demand, the energy storage business has made rapid progress, especially the energy storage battery industry.
1. Energy storage battery definition
Energy storage batteries mainly refer to batteries used in solar power generation equipment and wind power generation equipment as well as renewable energy energy storage batteries. There are 8 main types of energy storage batteries, namely lead-acid battery , lithium-ion battery , supercapacitor , fuel cell, nickel hydrogen battery, sodium-sulfur battery , flow battery, lithium-sulfur battery .
2. Energy storage battery industry development policies
In recent years, the Chinese government has promulgated a series of policies to guide and support the healthy development of the energy storage battery industry. "Guiding Opinions on Establishing and Improving a Long-term Mechanism for Clean Energy Consumption" "Guiding Opinions on Promoting the Integration of Power Sources, Grids and Loads and Storage and the Complementary Development of Multi-Energy" "Guiding Opinions on Accelerating the Development of New Energy Storage " "New Industrial policies such as the Three-Year Action Plan for Data Center Development provide clear and broad market prospects for the development of the energy storage battery industry.
Source: Compiled by China Commercial Industry Research Institute
3. Development status of the energy storage battery industry
1. The energy storage battery market is growing rapidly
From 2017 to 2020, the output value of China's energy storage batteries has increased year by year. It is conservatively estimated to exceed 18 billion yuan in 2020, year-on-year. An increase of about 60%. China Business Industry Research Institute predicts that my country's energy storage battery output value will reach 27.6 billion yuan in 2021 and will exceed 35 billion yuan in 2022.
Data source: GII, compiled by China Business Industry Research Institute
2, Energy storage lithium battery shipments increase
With the increased policy support for new energy storage, the establishment of a commercialization mechanism for the power market, a clear energy storage business model, lithium batteries As costs continue to fall, shipments of energy storage lithium batteries continue to rise.
China’s energy storage lithium battery shipments reached 16.2GWh in 2020, a year-on-year increase of 70.53%. China Commercial Industry Research Institute predicts that my country's energy storage lithium battery shipments will reach 25.6GWh in 2021 and 37.2GWh in 2022.
Data source: compiled by GII and China Commercial Industry Research Institute
3. The energy storage battery industry market concentration is relatively high
The competitive landscape of my country's power energy storage battery industry is relatively concentrated, and the head effect is more obvious. Among them, CATL energy storage battery market share is nearly 60%, BYD is closely followed, with a 16.0% energy storage battery market share. AVIC Lithium Battery ranks third, with a market share of 4.3% in energy storage batteries.
Data source: Compiled by China Commercial Industry Research Institute
4. Key enterprises in the energy storage battery industry
1, CATL
CATL New Energy Technology Co., Ltd. is the world's leading new energy innovation technology company, committed to global new energy applications Provide first-class solutions and services. Since the beginning of this year, Ningde Times has been investing and expanding production frequently. It has successively issued 6 investment and construction announcements for lithium battery projects. The selected locations include Yibin, Zhaoqing, Yichun, Yichang, Guizhou and Xiamen. In six places, the project covers power and energy storage batteries, battery materials and recycling business, with a total investment of approximately 84.5 billion yuan. At the same time, CATL has recently deployed three major lithium resource projects: Millennial in Canada, Jiangxi Zhicun Lithium Industry, and Manono in Africa, continuously strengthening the stable supply of upstream raw materials, and working with China Huadian , National Energy Group , and respectively. Three Gorges Corporation and other companies have established strategic partnerships to deepen cooperation in the field of energy storage power systems.
2, BYD
BYD Co., Ltd. business layout covers the fields of electronics, automobiles, new energy and rail transportation, from energy acquisition, storage to application, to build a comprehensive zero-emission new energy solution. In the field of new energy, BYD has new energy products such as batteries, solar energy, and energy storage, as well as a complete industrial chain. Its products are sold in more than 90 cities in more than 20 countries and regions, including the United States, Germany, Japan, and the United Kingdom. BYD's new energy vehicle sales continue to rise, and the total installed capacity of power batteries and energy storage batteries is also rising. In October 2021, BYD's total installed capacity of new energy vehicle power batteries and energy storage batteries was approximately 4.557GWh, and the total installed capacity this year was approximately 27.990GWh.
3, Guoxuan Hi-Tech Co., Ltd.
Guoxuan Hi-Tech Co., Ltd. is the first national enterprise in China’s power battery industry to enter the capital market. It was successfully listed in May 2015 with the stock code 002074. It has new energy vehicle power batteries, energy storage, transmission and distribution Electrical equipment and other business sectors, including Hefei Guoxuan Hi-Tech Power Energy Co., Ltd., Industrial Research Institute, Capital Center and Dongyuan Electrical Appliances. The company's main products include lithium iron phosphate and ternary materials and cells, power battery packs, battery management systems and energy storage battery packs. Our products are widely used in new energy vehicle fields such as pure electric commercial vehicles, passenger cars, logistics vehicles and hybrid vehicles, and we have established long-term strategic partnerships with many major domestic new energy vehicle companies.
4, Yiwei Lithium Energy
Huizhou Yiwei Lithium Energy Co., Ltd. was established in 2001 and was among the first batch of listings on the Shenzhen GEM in 2009. After 20 years of rapid development, it has become a globally competitive lithium battery platform. The company has core technologies and comprehensive solutions for both consumer batteries and power batteries, and its products are widely used in the fields of the Internet of Things and energy internet .
5, AVIC Lithium Battery
AVIC Lithium Battery is a high-tech enterprise specializing in the research, production, sales and market application development of lithium-ion power batteries, battery management systems, energy storage batteries and related integrated products and lithium battery materials. It is committed to serving the world Provide customers with complete product solutions and complete life cycle services. At present, the company has established seven major industrial bases: Changzhou , Luoyang , Xiamen, Chengdu, Wuhan, Hefei, and Northeast Base. During the 14th Five-Year Plan period, the company plans to have a production capacity of more than 300GWh, and will expand production in real time according to market and customer needs. To become the world's leading power battery manufacturer and the most trusted partner of outstanding global enterprises!
5. Analysis of the development prospects of the energy storage battery industry
1. Policy support for the development of the energy storage battery industry
In recent years, national policies have strongly supported the development of energy storage batteries. The "Guiding Opinions on Promoting the Development of Energy Storage Technology and Industry" clearly plans for the future The two-step process will be completed within 10 years. By 2025, the energy storage battery industry will achieve large-scale development, form a relatively complete industrial system, and become a new economic growth point in the energy field. China's 14th Five-Year Plan has made requirements in terms of energy storage industry, energy storage capacity, and energy storage projects. The "Guiding Opinions on Accelerating the Development of New Energy Storage" proposes to adhere to the diversification of energy storage technology and promote the continued cost reduction and commercial scale application of relatively mature new energy storage technologies such as lithium-ion batteries. At present, many provinces and cities have introduced policies and development goals for the energy storage battery industry to encourage the development of the energy storage battery industry.
2. The cost of lithium batteries is declining
As the cost of lithium batteries continues to decline and gradually approaches the economic turning point of energy storage system applications, the energy storage battery market will usher in a rapid development stage with huge development potential.
3. Energy storage batteries have a wide range of downstream applications.
Energy storage batteries have a wide range of downstream applications, including power systems, communication base stations, data centers, rail transit, etc. In the future, downstream renewable energy grid-connected equipment, electric vehicles, and 5G base stations will contribute significantly to the development of the energy storage battery industry.
For more information, please refer to the "Research Report on Market Prospects and Investment Opportunities of China's Energy Storage Battery Industry" released by China Business Industry Research Institute. China Business Industry Research Institute also provides industry big data, industry intelligence, industry research reports, industry planning, park planning , 14th Five-Year Plan, industrial investment promotion and other services.
