China Lithium Ion Battery Market is Expected to Reach 785.8 GWh in Terms of Output Volume by 2022: Ken Research
This is said to increase the demand for Lithium Ion Batteries in China.
GURUGRAM, India, December 18, 2018 /PRNewswire/ --
- The Chinese government has formed medium and Long-Term Development Plan for Automotive Industry about the annual output of new energy vehicles.
- The government is actively developing plans and taking actions to promote the alternative electric vehicles. This is said to increase the demand for Lithium Ion Batteries in China.
- The demand for Lithium-ion battery in China is expected to grow at a rapid pace majorly due to increase in the use of retired lithium-ion batteries in telecom industry in the country.
Increased Initiatives by the Government: The government has adapted the smart grid initiative which is expected to support the demand for lithium-ion battery in the China. The Government of China is focusing on energy diversification and has a target of achieving 680 GW renewable capacity by 2020, out of which 270 GW will be generated from solar energy and 210 GW from Wind energy. This would require extensive deployment of lithium ion batteries.
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Promotion of AEV (Alternate Electric Vehicle): In China, government has framed a complex policy/ regulation which will require a sizable portion of car manufacturer's production or imports to be green by 2019, along with escalating goals thereafter. Therefore, all major manufacturers operating in China-from global giants Toyota Motor and General Motors to domestic players BYD and BAIC Motor-have to meet minimum requirements for producing new-energy vehicles, or NEVs (plug-in hybrids, pure-battery electrics, and fuel-cell autos). It has been anticipated that Ford will introduce at least 15 hybrid cars and EVs in China by the year 2025.
Use of Retired Lithium-ion Batteries: Ministry of Industry and Information Technology (MIIT) of China has undergone a pilot program of recycling and second use of retired lithium-ion batteries which were used in EVs in 17 major regions and cities of China. China Tower (world's largest operator of telecommunication of towers) is included alone in this pilot study program. Currently (2018), in China only 2.0% of battery power is deployed using lithium-ion batteries in China Towers while the majority of the storage battery is still generated via lead-acid batteries. It is anticipated that in the upcoming years, China towers will spend around CNY 20 billion to replace lead acid batteries which will further increase the output volume generated through lithium-ion batteries in China.
Analysts at Ken Research in their latest publication "China Lithium Ion Battery Market Outlook to 2022 - By Application (Consumer Electronics, Power Storage and Energy Storage), By Type (Ternary, Lithium-Ion Phosphate, Lithium Manganese Oxide and Others), By Shape (Square Shaped, Cylindrical and Soft Pack Battery)" believe that the Battery Market in China will continue to grow with Chinese government emphasis on capacity addition plan of renewable energy over the forecast period coupled with increase in sale of electric vehicles in the country.
The market is expected to register a positive CAGR of 50.8% in terms of output volume during the forecast period 2018-2022, albeit the increase in competition from new companies entering the market.
Keywords
- China Lithium Ion Battery Market
- Lithium Ion Battery Output Volume Capacity China
- China Lithium Battery Revenue
- Electric Vehicles Sales China
- China Consumer Electronics Market
- Energy Storage Market China
- Power Storage Market China
- China Lithium Ion Battery Growth
- China Lithium Ion Battery Association
- Lithium Ion Battery Shape China
- China Lithium Ion Battery Shape
- Mobile Phone Battery China
- Battery Shipments China
- China Lithium Ion Battery Life
- China Lithium Ion Battery Advantages
- China Lithium Ion Battery Manufacturers
- Lithium Ion Battery Manufacturers China
- China Electric Vehicle Battery Market
- Power Battery Usage China
- Square Battery Power Capacity China
- China Lithium Ion
- Lithium Ion Battery
- China Battery
- Lithium Ion Electric Vehicles
- Lithium Ion Consumer Appliances
- China Lithium Ion Battery
- Lithium Ion Telecom Batter
- Export Lithium Ion Battery
- Trends Lithium Ion Battery
- Challenges Lithium Ion Battery
- Government Regulations Lithium Ion
- China Lithium Battery Growth Driver
- Lithium Ion Production
- Lithium Ion Mobile
- Power Capacity Battery
- Lithium Ion Industry
Key Segments Covered
- Market Segmentation
- Type of Battery (Ternary, Lithium Iron Phosphate, Lithium Manganese Oxide and Others)
- Area of Application (Consumer Electronics, Power Storage, and Energy Storage)
- By Consumer Electronics (Portable Charger, Mobile Phone, Electronic Tools, Laptop, Tablet and Others)
- By Power (Electric Car, Electric Bicycle, Electric Tricycle, Low Speed Electric Car and Other Electric Cars)
- By Energy Storage (Telecom Towers, Home Energy Storage, Grid Energy Storage and Other Energy Storage)
- By Shape of Battery (Square Shaped Battery, Cylindrical Shaped Battery, Soft Pack Battery)
Key Target Audience
- Distributors of Batteries
- Telecom Companies
- Manufacturers of Electric Vehicles
- Importers of Batteries
- Governmental Departments
Companies Covered:
- Contemporary Amperex Technology Co. Ltd. (CATL)
- BYD
- LG Chem
- China BAK Battery
- Panasonic Corporation
- Murata New Energy
- Tianjin Lishen Battery
- Optimum Nano Energy
- Zhuhai Guangyu Battery Co. Ltd.
For more information on the research report, refer to below link:
Related Reports
The report provides a comprehensive analysis of the Lithium Ion Battery market in China. The report focuses on overall market size for lithium-ion battery market in China, market segmentation by application (Consumer Electronics, Power Storage and Energy Storage), by type of battery (Ternary, Lithium-Ion Phosphate, Lithium Manganese Oxide and Others), by shape of battery (Square Shaped, Cylindrical and Soft Pack Battery). The report also covers the overall trade scenario, SWOT, decision making process, competitive landscape and growth drivers and trends and government role and regulations. The report concludes with market projection for future market described above and analyst recommendations highlighting the major opportunities and cautions for the China Lithium-ion Battery market.
The report provides a comprehensive analysis on South Korea Lithium Ion Cell and Battery Market. The report covers various aspects including overview and genesis of lithium ion batteries in South Korea, South Korea lithium ion battery market size, South Korea lithium ion battery market segmentation (by Type of Batteries, Power Capacity and Application Areas) and competitive landscape of major players in the South Korean lithium ion call and battery market. The major players covered in South Korea lithium ion cell and battery market are Samsung SDI Company Limited, LG Chem Limited, SK Innovation Company Limited, Kokam Company Limited, Enertech International, Inc. and Routejade. The report also covers trends and developments, issues and challenges, regulatory framework, manufacturing process, SWOT analysis, a snapshot on Global Lithium Ion Cell and Battery Landscape, future outlook and analyst recommendations.
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