18650 lithium battery supporting application in 5G base stations, light vehicles, power tools, and shipbuilding industries
Accompanying the electrification of automobiles is the comprehensive replacement of lithium batteries in a wider range of applications, such as ship and base station energy storage AGV、 Forklifts, construction machinery, and other fields are accelerating the penetration of lithium batteries. Emerging markets have also timely extended an olive branch, and lithium batteries will accelerate their global penetration in various fields.
Lithium batteries are beginning to be applied and replaced in a wider range of fields, such as light vehicles, 5G base stations, power tools, ships, engineering machinery (AGV, forklifts, mining trucks), etc., all of which are accelerating the penetration of lithium batteries. Whether it is automotive power lithium batteries or emerging application markets, the matching of lithium batteries is accelerating towards the center stage. The market blueprint has been drawn up, and the next step will be the competition among various lithium battery companies in segmented fields.
In the past decade, the industrial application of lithium batteries in the field of electric vehicles has been maturely verified. The performance improvement and cost reduction brought about by large-scale manufacturing, technological iteration, process upgrading, and supply chain management, coupled with relevant policy support, have laid the foundation for the alternative application of lithium batteries in various fields.
● Light vehicles
The "lead to lithium" dividend window for electric bicycles has opened, further activating the demand for lithium batteries in this field. Industry data shows that in the first quarter of 2020, the sales volume of lithium batteries for domestic electric light vehicles (including OEMs, shared vehicles, and channels) was about 1.14 million units, a significant year-on-year increase. If we look at the global market, the demand for lithium batteries for electric light vehicles is even more considerable.
At present, more and more domestic manufacturers are investing in the production of lithium batteries, and the price of lithium batteries is bound to become lower and lower. At present, the China Bicycle Association is seeking subsidies from the government for customers who purchase lithium battery electric vehicles to help lithium batteries enter the market faster.
● 5G base station
In 2020, China will vigorously develop 5G and infrastructure projects, and under the dual driving force, 5G base stations will be an inevitable trend to be vigorously promoted in 2020. Conservatively estimated, the demand for lithium batteries in 5G base stations will reach 10 GWh in 2020. It can be seen that under the trend of "new base stations", the demand for lithium batteries in 5G base stations is constantly being released. At present, the companies participating in the competition of the base station lithium battery market include a group of old established enterprises rooted in the field of base station batteries, such as Zhongtian Technology, Haisida, Shuangdeng Group, Nandu Power, and Tuobang Co., Ltd.
The reconstruction of 5G communication base stations has led to a large wave of lithium battery demand on the road. China Mobile, China Unicom, and China Telecom, among other leading telecommunications companies, are accelerating the layout of 5G base stations. The 5G industry has also recently been included as a key infrastructure construction industry in the national new infrastructure. The large-scale policies and market drivers have led to a surge in growth and market development of 5G communication energy storage lithium batteries.
● Electric tools
With the development of electric tools showing a trend towards miniaturization, lightweighting, and cordless technology, lithium batteries have developed rapidly in the field of electric tools. With comprehensive advantages such as performance, scale, and cost, electric tool giants have clearly shifted their choice of battery cell supply chain to China. This means that by 2024, the 40 billion lithium battery market for electric tools will be waiting for Chinese battery companies to seize the opportunity.
At present, among the supporting applications of lithium-ion batteries, power tools are also one of the most widely used products after smartphones and laptops. In the foreign electric tool market, the market share of products manufactured in China continues to expand, and China has become a major exporter of electric tool products and a global production base for electric tools.
● Ship electrification
The current lithium batteries for electric ships use lithium iron phosphate power batteries. Lithium iron phosphate batteries have good safety, long cycle performance, good high-temperature stability, and low cost. Based on the estimated lithium electrochemical penetration rates of 0.035%, 0.55%, and 18.5% for ships in 2019, 2022, and 2025, respectively, the lithium battery market for electric ships is expected to reach 35.41 GWh by 2025.
Lithium iron phosphate batteries on electric ships will face stricter standard requirements and must be tested and qualified by classification societies before they can be used. The product price is 1.1-1.3 yuan/Wh. With the increasing proportion of future applications in the field of electric ships, product prices will show a downward trend.
● Industrial sector
Batteries have entered the public eye as a power source, and industrial lithium batteries stand out among them. Lithium batteries have been used in the industrial sector, in industrial vehicles. In terms of volume and weight, industrial lithium batteries are smaller and lighter than general batteries. When used in equipment, they reduce the burden of equipment and increase the available space, and are easy to transport during installation or disassembly.
For the application technology of lithium batteries, the application technology of lithium iron phosphate batteries is relatively mature and has been used for the longest time. After time and market verification, safety is the top priority for the industrial equipment industry.
Analysis of the Development Prospects of Lithium Batteries in 2020
In the coming years, the overall trend of the lithium battery market is improving. It is expected that the production of lithium-ion batteries in China will reach 205.33GWh in 2020, with a CAGR of 41.88% in the next two years.
Under the guidance of national policies such as dual integration, power lithium batteries will become the main growth point, with a CAGR of 56.32% in the next two years; Driven by the high-end digital battery market, the CAGR of digital batteries will reach 7.87% in the next two years; In the future, the replacement of lead-acid batteries in the field of energy storage lithium batteries will gradually accelerate due to the decrease in the cost of lithium-ion batteries and the increase in cascading use. The CAGR is expected to reach 35.16% in the next two years.
It can be seen from these data. The application fields and proportion of lithium batteries are constantly changing. The future prospects should focus on applications such as electric tools, new energy vehicles, light electric vehicles, and energy storage systems. The scale of industries in these fields is expected to maintain a exponential growth trend in the coming years.
It can be seen that the new energy passenger vehicle market continues to be booming, pure electric logistics vehicles are developing rapidly, and the energy storage market has become a hot spot. For lithium battery companies, comprehensive layout and blooming everywhere are also steadily improving their overall strength. The Chinese lithium battery industry chain will become stronger, and the pattern will become more stable after integration.
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