The industry is currently working to improve the safety of lithium battery use while improving the energy density of lithium batteries. The improvement in battery performance will also help address climate change through the use of renewable energy. Lithium batteries will continue to dominate the battery industry in the next 10 years, but the development and rise of new technologies will also continue to strengthen the industry's valuation and prospects. The future energy density of lithium batteries may reach about 1.5 times to 2 times the current level, which means that the batteries will become smaller.
Lithium battery is predicted to still dominate the battery industry in the next 10 years
The demand for lithium batteries in the market will still be very hot, in addition to the safety hazards of lithium batteries in the past or in the future is an issue of great concern. In order to ensure the safety of lithium batteries, strict quality control and gate-keeping in the pre-manufacturing process, and provide a variety of safety tips for use in the post-consumer use. After the production of lithium batteries, before reaching the hands of consumers, a series of tests are required to ensure the safety of the battery and reduce safety risks.
TWS headphones have emerged rapidly in the past two years, with about 35 million TWS headphones shipped worldwide in 2018, and we expect up to 170 million in 2020, which can maintain a compound annual growth of 20% by 2025. Considering a TWS headset with two headphone batteries and a seat charger bin battery, the market size of TWS headset batteries is expected to be 11.1 billion yuan in 2020, and is expected to reach 20.9 billion yuan by 2025, with a five-year CAGR of about 13%.
With the rise of TWS headphones, TWS battery demand is rising rapidly and is expected to see a doubling in 2020. Overseas TWS battery supporting capacity is tight, domestic TWS battery suppliers ushered in the opportunity. From the model planning of major car companies, 2020 will become the starting point for power generation. Considering the vast space of future industry demand, we expect that the continuous expansion of several major leaders will become the main theme in the future, which will benefit the demand for lithium battery equipment.
Lithium batteries will still dominate in the next two decades, but their chemical materials may change. around 2025, a new generation of lithium batteries with low cobalt, high energy density and cathode lithium-nickel-manganese-cobalt 811 and other characteristics will enter mass production. Adding a small amount of silicon to graphite anodes could increase energy density by 50%, while electrolyte salts that can withstand higher voltages will also help improve performance.
Unfavorable factors for the development of lithium batteries in China in the next decade
1, poor safety: the positive and negative materials used in the development of lithium batteries and their formulations are different, and there are many times of explosion, burning and other unsafe problems.
2, the economic environment: affected by macroeconomic and national policies, the lithium battery industry downstream application areas of operational risk leading to increased risk of bad debts, which may affect the development of the industry. In addition, there are unfavorable phenomena such as duplication of investment in production capacity and disorderly competition in the lithium battery industry, which is not conducive to the long-term healthy development of the industry.
3, overseas market share is not high: international giants have a relatively large advantage over domestic lithium battery manufacturers in terms of battery consistency, stability, cycle life, etc., and the attractiveness of downstream vehicle manufacturers.
4, environmental issues: waste lithium batteries contain a large number of non-renewable and economically valuable metal resources, such as cobalt, lithium, nickel, copper, aluminum, etc..
China's lithium battery industry has achieved rapid development in the past and is also ushering in huge market opportunities, but at the same time the industry is also facing many challenges. Such as frequent safety accidents, fluctuations by national policies, large-scale disorderly expansion of enterprises, overheated investment and a series of problems. And China's lithium battery industry to achieve better development and greater breakthroughs, more innovative technologies, deeper industry chain collaboration and higher industry chain perspective are needed.
Lithium battery will still dominate the battery industry in the next 10 years, and the development of new technologies such as artificial intelligence and Internet of Things will bring "unimaginable" changes to the application prospect of lithium battery. In the next decade, lithium batteries are in the mainstream of automotive batteries with the advantages of mature technology and stable performance, and with the accelerated start of the electric vehicle industry, the lithium battery industry will achieve explosive growth.
If you have any demands in batteries, please feel free to contact info@manlybattery.com
