2022 Global Lithium Battery Market Supply and Demand Status, Competitive Landscape and Development Prospect Analysis The market size will double in the future
- Global lithium battery market segment: the market share of power and energy storage lithium batteries is expected to increase
The market segments of lithium batteries are mainly power lithium batteries, energy storage lithium batteries and consumer lithium batteries. Among them, the downstream application fields of power batteries are mainly new energy vehicles, and the downstream application fields of energy storage batteries are mainly power systems and consumer batteries. The downstream application areas are mainly consumer electronics such as mobile phones.
From the perspective of global lithium battery production, power lithium batteries occupy the main output share, reaching 70.8%, followed by consumer lithium batteries, with a market share of 22.2%, and energy storage batteries with the smallest market share, 7%. With the “carbon peak” strategy proposed by countries around the world, companies around the world have deployed power battery and energy storage battery production lines. The vigorous development of the new energy vehicle and energy storage market is expected to promote the market share of power lithium batteries and energy storage lithium batteries further improvement.
- Regional distribution of global lithium batteries: China accounts for 77%, and European expansion is accelerating
According to data released by S&P Global Market Intelligence, in terms of production capacity, China will dominate the global lithium-ion manufacturing market in 2020. China’s lithium-ion battery production capacity accounts for about 77% of the world’s production capacity, followed by the United States, accounting for about 9%. %.
Although, S&P Global Market Intelligence expects that China will continue to be the leading country in lithium-ion battery manufacturing in 2025, its production capacity will be greatly expanded with planned investment in manufacturing facilities in Europe, and Europe is expected to become the second largest country in the world in 2025. Large lithium-ion battery producer, accounting for about 25% of global production capacity.
- The competitive landscape of global lithium battery companies: LG Chem, Panasonic, and CATL occupy 70% of the market share
In terms of enterprise output, from January to August 2020, LG Chem became the world’s leading lithium-ion battery manufacturer with a market share of 26.5%; followed by CATL, with a market share of around 25.8%, and Panasonic It is close behind with a market share of around 20.6%.
Among the top five global lithium-ion battery manufacturers, two Chinese companies are CATL and BYD, ranking second and fourth in the market, with a combined market share of 32%.
- Global supply of lithium batteries: the number of battery factories is growing rapidly
In 2020, there are a total of 181 lithium-ion factories in different planning and construction stages around the world. In the context of the new crown epidemic, the expansion of lithium-ion plants worldwide in 2020 is still more than 50% higher than the previous year. Among them, 136 of the 181 factories under construction and planning in 2020 are located in China, most of which are the largest lithium-ion factories in the world.
- Global lithium battery demand: the market size will double in 2025
According to Research and Markets research data, the global lithium-ion battery market is worth about US$40.5 billion in 2020. It is expected that the market will grow at a GACR of 14.6% in 2026, reaching a scale of nearly US$92 billion, more than double the market size in 2020. .