The basic pattern of power lithium battery energy storage market will welcome the new opportunities

- Jan 13, 2017-

Before 2013, 3C lithium battery applications accounted for nearly 90% market share, with the rapid development of new energy vehicles, this pattern was soon broken, 2013 to 2016 during the power battery sales to nearly 80% growth rate , The same period of lithium energy storage industry is also the market and policy to promote the slow growth. OFweek Industry Research Center data show that in 2016 about 21.7Gwh power battery applications, accounting for the total application of lithium battery has exceeded 40%, energy storage battery application of about 3.8Gwh, the growth rate of about 30%.

China's three major terminal lithium battery annual consumption (Mwh / year)

Lithium power pattern of the basic establishment of energy storage market will welcome new opportunities

Source: OFweek Industry Research Center

OFWEEK new energy industry analyst Pan Yao said that the relationship between supply and demand point of view, in 2016 China's power lithium battery demand in about 22Gwh, and according to our statistics have the main production capacity of the top 19 enterprises, 2016 annual production capacity is expected to have reached 65Gwh, the total supply has been surplus, but there are structural shortages of high-end products, followed by the development of China's power lithium battery will be driven by policies and markets into a stable period of development, some as CATL, BYD such high output, Talent deep reserves, technology-leading enterprises will be difficult to be beyond, and some backward technology, homogenization of serious small businesses in the future will be gradually phased out, power lithium battery industry, the competitive landscape has been basically established.

China's three major terminal application of lithium battery growth

Lithium power pattern of the basic establishment of energy storage market will welcome new opportunities

Source: OFweek Industry Research Center

From the growth point of view, in 2016 3C lithium battery growth rate of about 10.7%, significantly lower than in 2015, power lithium battery growth rate of about 28.8% growth rate down a larger, relatively stable development of energy storage lithium. OFWEEK new energy industry analyst Pan Yao believes that the power lithium battery will continue to grow, but because the base is larger, it is difficult to have a breakthrough growth, the future of lithium battery storage market or will show explosive growth, energy storage as " Thirteen Five-Year Plan "one hundred major engineering projects, after nearly four years after the introduction period, is about to enter the high-speed growth period, and the current low base, the development potential.