China Lithium Ion Battery Industry Research Report: Ken Research

Shape of Lithium Ion Battery Used In China

In terms of Output volume, the square shaped battery accounted for a share of ~% in 2017. Square batteries have grown rapidly, mainly due to the rapid growth of domestic electric vehicle market. The square shape batteries dominated the lithium-ion battery market in terms of generating output volume majorly due to its small internal resistance, long cycle life, high package reliability, good tolerance, relatively simple grouping, and high energy efficiency. Square shaped lithium-ion batteries are largely used in Electric Vehicle, Mobiles, Electric bicycle and others. In terms of output volume generated, cylindrical shaped battery accounted second highest share of ~% in the lithium-ion battery market in the year 2017. In terms of output volume generated, soft pack lithium-ion battery contributed least share of ~% among all the three shaped batteries in the lithium-ion battery market in the year 2017.

Type of lithium ion battery used in China

The volume share through installed capacity of lithium-ion batteries based on LFP dominated the market in 2017 as it accounted an overall share of ~%. Properties: Nominal voltage is 3.3V/cell; offers long cycle life, has a good safe record but exhibits higher self-discharge. This battery is majorly used in telecom, laptops, digital cameras and wearable products. In terms of volume share through installed capacity of lithium-ion batteries based on ternary type contributed second highest share of ~% in 2017. The ternary lithium battery has higher energy density which makes it most suitable battery for passenger car applications, energy storage applications and others. In terms of volume share through installed capacity of lithium-ion batteries based on LMO in 2017 accounted a share of ~%. The volume share through installed capacity of lithium-ion batteries based on all other type in 2017 accounted a mere share of ~% in the overall lithium-ion battery market in China and other battery type majorly includes LCO (Lithium Cobalt Oxide) and LTO (Lithium Tianate).

How Competition Scenario Works In The China Lithium-Ion Battery Market?

The lithium-ion battery market in China is at growth stage. The competition of Lithium-ion battery manufacturers in China is moderately fragmented, due to dominance of 5-7 players acquiring ~% of the overall market. The sales from top 30 manufacturers in China’s lithium-ion battery contributed CNY ~ billion which accounted ~% share in the total sales of the lithium-ion battery market.

CATL continues to be the market leader with a share of ~% of the overall Lithium-ion battery market in 2017. Amperex Technology Limited (ATL) accounted the second highest share in the market. It has a share of ~% in 2017 in the overall lithium-ion battery market. BYD remains the third largest manufacturer of lithium-ion batteries in the country and accounted a share of ~% in the year 2017. Among the top 10 players the foreign player such as LG Chem and Murata acquired fourth and seventh positions in the market with a share of ~% and ~% respectively in the year 2017 in the China’s lithium-ion battery market. Companies compete on the basis of configuration of battery packs, their durability, quality, technology, after sales service, recharge cycle and application.

What Are Future Estimations About The China Lithium-Ion Battery Market And Its Segments?

In future, it is anticipated that the China Lithium-ion battery market size in terms of revenue (value) will increase at a CAGR of ~% during the period 2017-2022. It is expected that the sales revenue in terms of value will increase from CNY ~ billion to CNY ~ billion in the year 2022.

In future, it is expected that the China Lithium-ion battery market in terms of production volume will increase at a CAGR of ~% during the period 2017-2022. It is anticipated that the market in terms of capacity will increase from ~ GWh in 2017 and will reach to ~ GWh in the year 2022. The demand for Lithium-ion battery in China is expected to grow at a rapid pace majorly due to increase in the demand of new energy vehicle followed by accelerating demand for energy storage batteries for on gird and off grid applications in the country.

In future, it is anticipated that the country will have majority of its development potential in the lithium batteries will be from electric vehicles product development. However, consumer products such as wearable devices and drones are expected to show rapid growth, but the overall scale will remain low as compared to electric vehicle demanding lithium-ion batteries in the market.

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