The lithium-ion battery market of China is at its growth
stage. China is one the major producers of the lithium-ion batteries across the
globe. China accounted approximately 55.0% share in the global lithium-ion
battery production, whereas U.S. accounted for a share of 10.0% as of June
2017.
Energy Diversification: The
Government of China is focusing on energy diversification and has a target of
achieving 680 GW renewable capacity by 2020. Growing use of energy storage devices such as emergency power backups or
UPS has resulted in increased demand for lithium ion batteries in China
moreover there is a strong potential of increased deployment of lithium-ion
battery in energy storage systems.
Growth of Electric
Vehicles: Policy support and
incentives are expected to provide huge opportunity for development of
lithium-ion battery based electric vehicles in the country. The Chinese government has
also formed medium and Long-Term Development Plan for Automotive Industry about
the annual output of new energy vehicles which will reach 5 million by 2020.
The composition of end user segments of lithium ion batteries
has been changing rapidly in China. Consumer electronics were the major users
of lithium ion batteries as of 31st December 2017 which is expected
to toppled by the automotive segment majorly due to introduction of New Energy
Vehicle (NEVs) government policy and government initiative towards zero
emission will led to expansion of EVs in China.
The automotive segment has huge potential for growth due to
increased government initiative to promote sales of electric vehicles, as
government has planned to introduce 5 million EVs on road by 2020 in the
country. At the same time the demand from people for eco friendly vehicles due
to rising concerns of pollution will lead to positive growth in the sales of
Electric vehicles in the country.
The rapid pace of technological development is a major
challenge for lithium ion battery manufacturers. Introduction of latest high-tech machines for
production lithium-ion battery restricts the manufacturers to produce limited
type of battery packs and it also affect the production efficiency of a company
which are operating on the old technology. The other key challenges faced are
the price war by other International battery manufacturers across the globe.
The report titled, “China Lithium Ion Battery Market Outlook to 2022”,
by Ken Research believe
that the increase in Electric Vehicles and Energy storage systems will drive
growth in China Lithium Battery Market in the future.
China Lithium Ion Battery Market
China Lithium Battery Revenue
Electric Vehicles Sales China
Energy Storage Market China
Power Storage Market China
Mobile Phone Battery China
Battery Shipments China
China Lithium Ion Battery Life
Power Battery Usage China
China Lithium Ion Battery
China Battery Market
Lithium Ion Electric Vehicles
China Lithium Ion Battery
Export Lithium Ion Battery
Lithium Ion Mobile Battery
Power Capacity Battery China
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
Time Period Captured in the Report:-
Historical Period –2012- 2017
Forecast Period –2018- 2022
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:-
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
