China Business Intelligence Network News: 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. Energy storage batteries (mostly lithium-ion batteries ) are the core part of the energy storage system.
1. Industrial chain
The upstream raw materials of energy storage batteries mainly include positive electrode materials, negative electrode materials, electrolyte , separators, structural parts, etc.; the upstream integrated system equipment mainly includes coating machines , mixers, etc. There are eight main types of energy storage batteries, including lead-acid batteries, lithium-ion batteries, supercapacitors, fuel cells, nickel-hydrogen batteries, sodium-sulfur batteries, flow batteries, and lithium-sulfur batteries. The midstream energy storage system and integration of energy storage batteries include battery packs, battery management systems, energy management systems, energy storage converters, and other software and hardware systems. The downstream application fields mainly include the power generation end, the power grid end, and the power consumption end. In addition, the downstream aftermarket is battery recycling.
Data source: Compiled by China Business Research Institute
2. Upstream analysis
(1) Cathode material
The cathode material of lithium battery is the decisive factor in its electrochemical performance, and plays a leading role in the energy density and safety performance of the battery. Moreover, the cost of cathode materials is also high, accounting for 30%-40% of the cost of lithium battery materials. Therefore, cathode materials are the most critical material for lithium batteries.
1, market size
Data show that my country’s lithium battery cathode material market size increased from 41.71 billion yuan in 2017 to 75.19 billion yuan in 2020. The China Commercial Industry Research Institute predicts that the size of my country's cathode material market will exceed 100 billion in 2022.
Data source:
2 and shipment volume
data compiled by GGII and China Business Industry Research Institute show that my country’s lithium battery cathode material shipments increased from 208,000 tons in 2017 to 510,000 tons in 2020. China Business Industry Research Institute predicts, In 2022, my country's cathode material shipments will reach 670,000 tons.
Data source: GGII, compiled by China Business Industry Research Institute
3, competitive landscape
In the competitive landscape of my country's lithium battery cathode material market, Xiamen Tungsten Industry accounts for the largest proportion of 9.92%, Tianjin Bamo accounts for 6.44%. Defang Nano accounted for 6.31%, Rongbai Lithium accounted for 5.82%, and Changyun Lithium accounted for 5.70%.
Data source: compiled by GGII and China Business Industry Research Institute
(2) Anode materials
Lithium battery anode materials play the role of storing and releasing energy in lithium batteries, and mainly affect the battery efficiency and cycle performance of lithium batteries.
1, market size
Data show that my country’s lithium battery anode material market size increased from 8.21 billion yuan in 2017 to 14.02 billion yuan in 2020. China Commercial Industry Research Institute predicts that my country's anode material market will reach 18.94 billion yuan in 2022.
Data source:
2 and shipment volume
data compiled by China Business Industry Research Institute show that my country’s lithium battery anode material shipments increased from 14.8 tons in 2017 to 36.5 tons in 2020. China Commercial Industry Research Institute predicts that my country’s lithium battery anode material shipments will reach 47.6 tons in 2022.
Data source: GGII, China Business Industry Research Institute compiled
3, competitive landscape
data show that in the competitive landscape of my country's lithium battery anode material market, in terms of shipments, Barrett accounts for the largest share, reaching 22%. Followed by Putilai , accounting for 18%. Shanshan Co., Ltd. , Kaijin New Energy, and Zhongke Star City accounted for 17%, 14%, and 7% respectively.
Data source: Compiled by China Business Industry Research Institute
(3) Electrolyte
Lithium battery electrolyte is the carrier of ion transmission in the battery. It is generally composed of lithium salt and organic solvents.The electrolyte plays a role in conducting ions between the positive and negative electrodes of lithium batteries, which is the guarantee for lithium-ion batteries to obtain the advantages of high voltage and high specific energy.
1, shipment volume
data show that my country’s lithium battery electrolyte increased from 110,000 tons in 2017 to 252,000 tons in 2020. China Commercial Industry Research Institute predicts that my country's lithium battery electrolyte shipments will reach 326,000 tons in 2022.
Data source: GGII, China Business Industry Research Institute compiled
2, competitive landscape
data show that in the competitive landscape of my country's lithium battery electrolyte market, in terms of shipments, Tianci Materials has the largest market share of 29.3%. Followed by Xinzhoubang accounting for 17.6%, Cathay Huarong accounting for 14.7%.
Data source: Compiled by China Business Research Institute
(4) Separator
The separator is a thin film used to separate the positive and negative poles during electrolysis reactions to prevent direct reaction loss of energy in the electrolytic cell . In the structure of lithium batteries, the separator is one of the key inner components. The performance of the separator determines the interface structure, internal resistance, etc. of the battery, which directly affects the capacity, cycle, and safety performance of the battery. Excellent separators play an important role in improving the overall performance of the battery.
1, market size
data show that in 2020, the market size of my country's lithium battery separator reached 3.49 billion yuan. China Commercial Industry Research Institute predicts that my country’s separator market will approach 4 billion yuan in 2022.
Data source:
2 and shipment volume
data compiled by GGII and China Business Industry Research Institute show that my country’s lithium battery separator increased from 1.45 billion square meters in 2017 to 3.72 billion square meters in 2020. China Commercial Industry Research Institute predicts that my country's lithium battery separator shipments will exceed 5 billion square meters in 2022.
Data source: GGII, China Business Industry Research Institute compiled
3, competitive landscape
data show that in the competitive landscape of my country's lithium battery separator production market, Shanghai Enjie has the largest market share of 31.38%. Followed by Xingyuan material accounting for 13.32%, Suzhou Jieli accounting for 8.76%.
Data source: GGII, compiled by China Business Industry Research Institute
3. Midstream analysis
(1) Energy storage
1, energy storage battery market
From 2017 to 2020, the output value of China's energy storage batteries has increased year by year, and conservatively estimated that it will exceed 1 in 2020 8 billion yuan , a year-on-year increase of approximately 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: compiled by GGII and China Commercial Industry Research Institute
2. New installed capacity of energy storage batteries
Benefiting from the continued decline in battery costs and the stimulation of government policies, China's energy storage battery installed capacity of 0.3GWh was newly put into operation in 2017. On the basis of capacity, a newly installed capacity of 5.8GWh was achieved in 2021. In the context of national energy transformation and carbon neutral strategies, energy storage batteries are an important component of power system reform and new energy power construction. It is expected that by 2022, newly installed capacity will reach 6.5GWh.
Data source: Compiled by Frost & Sullivan and China Business Industry Research Institute
3. Competitive landscape of energy storage batteries
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
(2) Energy storage lithium-ion battery
1, output
data show that my country's lithium-ion battery production has grown steadily from 2016 to 2021, from 11.113 billion in 2017 to 2021. 23.264 billion.From January to February 2022, lithium-ion battery production was 3.585 billion units, a year-on-year increase of 13.6%.
Data source: China Business Industry Research Institute database
In 2021, China's lithium-ion battery industry will focus on deepening the supply-side structural reform and accelerating the modernization of the industrial chain and supply chain, and the entire industry will achieve sustained and rapid growth. National lithium-ion battery production in 2021 is 324GWh, a year-on-year increase of 106%.
2, shipment volume
Driven by the rapid growth of electric vehicle production, my country's energy storage lithium battery industry continues to maintain a rapid growth trend, industry innovation is accelerating, new products and new technologies continue to emerge, and various new battery technologies are introduced one after another. In recent years, my country's energy storage lithium battery shipments have continued to grow. Data shows that my country's energy storage lithium battery shipments have increased from 4GWh in 2017 to 16.2GWh in 2020. The China Commercial Industry Research Institute predicts that my country's lithium battery shipments will reach 42.9GWh in 2022.
Data source: GGII, China Business Industry Research Institute compiled
3, market structure
The lithium ion industry is mainly dominated by power lithium batteries. In 2021, the output of power lithium batteries will be 220GWh, a year-on-year increase of 165%, and the market share is 67.9%. The output of consumer lithium batteries and energy storage lithium batteries were 72GWh and 32GWh respectively, a year-on-year increase of 18% and 146% respectively, with market shares of 22.2% and 9.9% respectively.
Data source: Compiled by the Ministry of Industry and Information Technology and China Commercial Industry Research Institute
IV. Downstream analysis
(1) Application fields
From 2018 to 2020, the power generation side installed capacity of my country's energy storage battery industry continued to grow, increasing from 28.1% to 60.2%, and The share of installed capacity on the user side is showing a downward trend. In 2020, the installed capacity of user-side energy storage batteries will account for only 2%. It is expected that the share of power generation side installed capacity will reach 72.0% in 2022, the share of grid side installed capacity will reach 27.4%, and the share of user side installed capacity will reach 0.6%.
Data source: compiled by China Business Industry Research Institute
1, household lithium storage battery
Although the new crown epidemic has affected most economies around the world, it has had a small impact on household energy storage. GGII data shows that domestic domestic lithium battery shipments will reach 5.5GWh in 2021, a year-on-year increase of 83%.
Data source: GGII
(2) Battery recycling
In recent years, the country has vigorously supported the development of circular economy, and my country's battery recycling-related companies have continued to grow. In 2020, the number of battery recycling-related companies was registered at 6,609. In 2021, there will be 28,000 new battery recycling-related companies. In the context of carbon neutrality, it is expected that the number of registered companies related to battery recycling will exceed 40,000 in 2022.
Data source: compiled by Qichacha and China Business Industry Research Institute
Data source: compiled by China Business Industry Research Institute
For more information, please refer to the "China Energy Storage Battery Industry Market Prospects and Investment Opportunities Research Report" released by China Business Industry Research Institute 》, at the same time, China Business Industry Research Institute also provides services such as industrial big data, industrial intelligence, industrial research reports, industrial planning, park planning , the 14th Five-Year Plan, and industrial investment promotion.
