Various application fields of lithium battery drive the rapid growth of lithium battery equipment. According to the data of lithium battery of Gaogong, the demand for lithium battery production equipment in China increased by 100.3% year-on-year in 2021, reaching 57.5 billion yuan, showing explosive growth. From the perspective of market competition pattern, lithium battery equipment involves many links and many participating enterprises, and the leading enterprises in each link are also different. At present, China's lithium battery equipment technology has basically reached the world leading level, especially in the middle and later stage of the equipment field. The current technical level of Chinese enterprises has led Chinese enterprises and is comparable to the level of excellent foreign enterprises. It is expected that in the next few years, the production expansion of power battery enterprises will accelerate, and the lithium battery equipment market will maintain a high growth trend.
The power battery market drives the market demand of lithium battery equipment to increase. In 2021, thanks to the explosive growth of new energy vehicle market, the continuous expansion of power battery enterprises has boosted the scale of lithium battery equipment market. China's mainstream power battery enterprises represented by catl, Byd Company Limited(002594) , China Innovation airlines and honeycomb energy are accelerating their production expansion. Some equipment enterprises have entered the overseas battery supply chain to boost the rapid growth of scale. With the rapid development of Shanxi Guoxin Energy Corporation Limited(600617) automobile, the technical level of China's lithium battery and lithium battery equipment has been continuously improved, and the localization substitution has been continuously improved. Excellent enterprises in China's lithium battery industry chain have made great efforts in the international market and gradually entered the overseas battery supply chain system such as Japan and South Korea. The overseas layout of Chinese lithium battery enterprises has further promoted the growth of lithium battery equipment market. With the acceleration of electrification in Europe, a number of Chinese lithium battery enterprises with overseas strength have built factories in Europe.
3C digital market drives the increase of demand for lithium battery equipment. Driven by the terminal market demand represented by TWS, smart wear and 5g mobile phones, the demand for digital battery expansion represented by ATL and Zhuhai Cosmx Battery Co.Ltd(688772) in China has increased, driving the increase in the market demand for upstream lithium battery equipment. The power tool market drives the increase in demand for lithium battery equipment. The power tool (including sweeping Siasun Robot&Automation Co.Ltd(300024) and other fields) market is transferred to China by foreign industrial chains. International power tool giants plan to introduce local supply chains. Chinese battery enterprises represented by Eve Energy Co.Ltd(300014) , haisida and others gradually enter the international supply chain. Driven by the substantial growth of sales volume in the electric two wheeled vehicle market outside China and the obvious trend of lithium batteries replacing lead-acid in two wheeled vehicles, China's small power market achieved rapid growth in 2021, further driving the demand for upstream lithium battery equipment.
The energy storage market will be another important growth point of lithium battery equipment in the future. With the rapid development of China's lithium battery industry, the technology change and large-scale effect are obvious, resulting in the continuous decline of the cost of lithium-ion battery. At present, lithium battery energy storage applications have certain cost advantages. With the gradual maturity of energy storage application scenarios, the lithium battery energy storage market outside China is increasing rapidly, further promoting the growth of application market scale, gradually replacing the market share of other energy storage technologies, and directly promoting the increase of demand for lithium electric equipment. Since 2021, the global energy storage capacity has increased significantly, and the energy storage industry in many regions of the world has entered the stage of explosive growth. Lithium batteries have the advantages of flexible installation, wide application range and long service life in the field of energy storage. The superimposed energy storage market is gradually standardized, and the market demand potential is large in the future.
Risk tip: the sales volume of new energy vehicles is lower than expected, and the battery production schedule is lower than expected.
