China Lithium Ion Battery Market is Expected to Reach 785.8 GWh in Terms of Output Volume by 2022: Ken Research
GURUGRAM, India, December 18, 2018 /PRNewswire/ --
The Chinese government has formed medium and Long-Term Development Plan for Automotive Industry about the annual output of new energy vehicles.
The government is actively developing plans and taking actions to promote the alternative electric vehicles. This is said to increase the demand for Lithium Ion Batteries in China.
The demand for Lithium-ion battery in China is expected to grow at a rapid pace majorly due to increase in the use of retired lithium-ion batteries in telecom industry in the country.
Increased Initiatives by the Government: The government has adapted the smart grid initiative which is expected to support the demand for lithium-ion battery in the China. The Government of China is focusing on energy diversification and has a target of achieving 680 GW renewable capacity by 2020, out of which 270 GW will be generated from solar energy and 210 GW from Wind energy. This would require extensive deployment of lithium ion batteries.
Promotion of AEV (Alternate Electric Vehicle): In China, government has framed a complex policy/ regulation which will require a sizable portion of car manufacturer's production or imports to be green by 2019, along with escalating goals thereafter. Therefore, all major manufacturers operating in China-from global giants Toyota Motor and General Motors to domestic players BYD and BAIC Motor-have to meet minimum requirements for producing new-energy vehicles, or NEVs (plug-in hybrids, pure-battery electrics, and fuel-cell autos). It has been anticipated that Ford will introduce at least 15 hybrid cars and EVs in China by the year 2025.
Use of Retired Lithium-ion Batteries: Ministry of Industry and Information Technology (MIIT) of China has undergone a pilot program of recycling and second use of retired lithium-ion batteries which were used in EVs in 17 major regions and cities of China. China Tower (world's largest operator of telecommunication of towers) is included alone in this pilot study program. Currently (2018), in China only 2.0% of battery power is deployed using lithium-ion batteries in China Towers while the majority of the storage battery is still generated via lead-acid batteries. It is anticipated that in the upcoming years, China towers will spend around CNY 20 billion to replace lead acid batteries which will further increase the output volume generated through lithium-ion batteries in China.
The market is expected to register a positive CAGR of 50.8% in terms of output volume during the forecast period 2018-2022, albeit the increase in competition from new companies entering the market.
Keywords
China Lithium Ion Battery Market
Lithium Ion Battery Output Volume Capacity China
China Lithium Battery Revenue
Electric Vehicles Sales China
China Consumer Electronics Market
Energy Storage Market China
Power Storage Market China
China Lithium Ion Battery Growth
China Lithium Ion Battery Association
Lithium Ion Battery Shape China
China Lithium Ion Battery Shape
Mobile Phone Battery China
Battery Shipments China
China Lithium Ion Battery Life
China Lithium Ion Battery Advantages
China Lithium Ion Battery Manufacturers
Lithium Ion Battery Manufacturers China
China Electric Vehicle Battery Market
Power Battery Usage China
Square Battery Power Capacity China
China Lithium Ion
Lithium Ion Battery
China Battery
Lithium Ion Electric Vehicles
Lithium Ion Consumer Appliances
China Lithium Ion Battery
Lithium Ion Telecom Batter
Export Lithium Ion Battery
Trends Lithium Ion Battery
Challenges Lithium Ion Battery
Government Regulations Lithium Ion
China Lithium Battery Growth Driver
Lithium Ion Production
Lithium Ion Mobile
Power Capacity Battery
Lithium Ion Industry
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
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:
The report provides a comprehensive analysis of the Lithium Ion Battery market in China. The report focuses on overall market size for lithium-ion battery market in China, market segmentation by application (Consumer Electronics, Power Storage and Energy Storage), by type of battery (Ternary, Lithium-Ion Phosphate, Lithium Manganese Oxide and Others), by shape of battery (Square Shaped, Cylindrical and Soft Pack Battery). The report also covers the overall trade scenario, SWOT, decision making process, competitive landscape and growth drivers and trends and government role and regulations. The report concludes with market projection for future market described above and analyst recommendations highlighting the major opportunities and cautions for the China Lithium-ion Battery market.
The report provides a comprehensive analysis on South Korea Lithium Ion Cell and Battery Market. The report covers various aspects including overview and genesis of lithium ion batteries in South Korea, South Korea lithium ion battery market size, South Korea lithium ion battery market segmentation (by Type of Batteries, Power Capacity and Application Areas) and competitive landscape of major players in the South Korean lithium ion call and battery market. The major players covered in South Korea lithium ion cell and battery market are Samsung SDI Company Limited, LG Chem Limited, SK Innovation Company Limited, Kokam Company Limited, Enertech International, Inc. and Routejade. The report also covers trends and developments, issues and challenges, regulatory framework, manufacturing process, SWOT analysis, a snapshot on Global Lithium Ion Cell and Battery Landscape, future outlook and analyst recommendations.
Contact Us:
Ken Research Ankur Gupta,
Head Marketing & Communications [email protected]
+91-9015378249
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