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Market Development Forecast of Lithium Ion Batteries Other than Electric Vehicles

Shenzhen Sinoli Electronic Co.,Ltd | Updated: Dec 02, 2018

Market Development Forecast of Lithium Ion Batteries Other than Electric Vehicles


True lithium research predicts that the global lithium-ion battery market will reach 154.4 GHWh in 2021, 1.66 times that of 2016, with an average annual growth rate of 10.76%, while the Chinese market will reach 73.2 GWh, which is 1.84 times that of 2016, with an average annual growth rate of 13.05%, slightly higher than the global level. The forecast figures we published last year are 165.8GWh in the world and 80GWh in China in 2020. Now we believe that market development will slow down significantly under the influence of profound changes in global economic and trade relations, and these two goals will be delayed by roughly one year.


Among them, the mobile phone market has peaked, even a slight growth will be difficult. The large screen of Apple's mobile phone will bring about the growth of single-machine power consumption, but its mobile phone sales will decline, and the total demand for lithium-ion batteries will be difficult to increase. Other companies have basically completed the process of large-screen mobile phones. True lithium research predicts that the demand for lithium-ion batteries in the global mobile phone market will remain about 17.5 GWh in the next few years. The development trend of China's mobile phone market is basically synchronized with that of the world. If we solve the problem of replenishing power for notebook computers, we can replenish power for all consumer electronics products at the same time. The mobile power supply (charging treasure) market may also have some development. True lithium research expects that the global market will reach 38.1 GWh by 2021, with an average annual growth rate of 9.20%, while the growth rate of the Chinese market may be possible. Only 8.90%.


Household energy storage market will become the fastest growing market. True lithium research expects the global market to reach 10.5 GWh in 2021, with an average annual growth of 43.99%. The Chinese market will grow to 0.4 GWh in the current situation of basically zero. China encourages centralized power supply to ensure the benefits of the state-owned power sector. Therefore, it is difficult for the domestic energy storage market to develop greatly in China. Only in places where the power grid cannot be covered, will the government encourage it.


True lithium research predicts that the consumption of lithium-ion batteries in the global electric bicycle market will reach 15.8GWh in 2021, with an average annual growth rate of 23.30% in the next few years, and the consumption of lithium-ion batteries in the global mobile base station power market will reach 17.3GWh, with an average annual growth rate of 18.95%. In addition, in the Chinese market, the further development of electric vehicles will still stimulate the electric bicycle and mobile base station power market of lithium-ion batteries, lead-acid batteries will be replaced faster. It is expected that the consumption of lithium-ion batteries in China's electric bicycle market will reach 11.9 GWh by 2021, with an average annual growth rate of 22.47% in the coming years, and that the consumption of lithium-ion batteries in China's mobile base station power market will reach 12.1 GWh with an average annual growth rate of 21.38%.