-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
-
Cosmetic Ingredient
- Water Treatment Chemical
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
International consultancy Wood Mackenzie said that from 2021 to 2030, the cumulative capacity of lithium-ion batteries worldwide could increase more than fivefold to 5,500 GWh
.
In 2021, the Asia-Pacific region, led by China, accounted for 90%
of global battery manufacturing.
By the end of 2030, the region's share is expected to fall to 69%.
While battery production capacity in North America may expand tenfold by 2030, it still lags behind Europe, which is expected to surpass North America in 2022 and account for more than 20% of global production capacity by 2030 through more
rapid expansion.
Wood Mackenzie said: "The electric vehicle market accounts for nearly 80%
of lithium-ion battery demand.
High oil prices are supporting more markets to introduce zero-emission transport policies, causing demand for lithium-ion batteries to skyrocket, exceeding 3,000 GWh
by 2030.
”
"Due to the strong demand for electric vehicles and rising raw material prices, the lithium-ion battery market has been in short supply
last year.
We do not expect battery supply to meet demand
until 2023.
”
Global battery manufacturers are responding to massive expansion plans, with a total capacity of more than 5,500 GWh across 300 manufacturing plants by 2030
.
Among them, Chinese manufacturers have announced plans to build more than 3,000 GWh of capacity
.
In 2021, the top 15 manufacturers in terms of planned production capacity will start production of about 200GWh, with a cumulative production capacity of 600GWh
.
Meanwhile, 3,000 GWh of capacity is in the planning or construction phase
.
CATL is leading the expansion with excellent operational and planned capacity – with a total capacity of 800GWh
by 2030.
Chinese battery makers such as China Hive Energy, AVIC Lithium and Guoxuan Hi-Tech have also set ambitious 2025 capacity targets
.
Wood Mackenzie expects more new factories planned for
2022.
Another trend to watch is the growing prominence of lithium iron phosphate (LFP) batteries, as nickel-cobalt-manganese (NCM) batteries lose market share
.
Historically, given the availability and maturity of NCM batteries, the EV and energy storage systems market has mainly deployed NCM batteries
.
In 2021, NCM still occupies half of the country
.
However, lithium iron phosphate batteries are beginning to enter the market with competitive cost, long life cycle and high safety performance, making them an attractive option
for power and energy applications.
Wood Mackenzie expects LFP's market share to surpass NCM
by 2028.
International consultancy Wood Mackenzie said that from 2021 to 2030, the cumulative capacity of lithium-ion batteries worldwide could increase more than fivefold to 5,500 GWh
.
In 2021, the Asia-Pacific region, led by China, accounted for 90%
of global battery manufacturing.
By the end of 2030, the region's share is expected to fall to 69%.
While battery production capacity in North America may expand tenfold by 2030, it still lags behind Europe, which is expected to surpass North America in 2022 and account for more than 20% of global production capacity by 2030 through more
rapid expansion.
Wood Mackenzie said: "The electric vehicle market accounts for nearly 80%
of lithium-ion battery demand.
High oil prices are supporting more markets to introduce zero-emission transport policies, causing demand for lithium-ion batteries to skyrocket, exceeding 3,000 GWh
by 2030.
”
"Due to the strong demand for electric vehicles and rising raw material prices, the lithium-ion battery market has been in short supply
last year.
We do not expect battery supply to meet demand
until 2023.
”
Global battery manufacturers are responding to massive expansion plans, with a total capacity of more than 5,500 GWh across 300 manufacturing plants by 2030
.
Among them, Chinese manufacturers have announced plans to build more than 3,000 GWh of capacity
.
In 2021, the top 15 manufacturers in terms of planned production capacity will start production of about 200GWh, with a cumulative production capacity of 600GWh
.
Meanwhile, 3,000 GWh of capacity is in the planning or construction phase
.
CATL is leading the expansion with excellent operational and planned capacity – with a total capacity of 800GWh
by 2030.
Chinese battery makers such as China Hive Energy, AVIC Lithium and Guoxuan Hi-Tech have also set ambitious 2025 capacity targets
.
Wood Mackenzie expects more new factories planned for
2022.
Another trend to watch is the growing prominence of lithium iron phosphate (LFP) batteries, as nickel-cobalt-manganese (NCM) batteries lose market share
.
Historically, given the availability and maturity of NCM batteries, the EV and energy storage systems market has mainly deployed NCM batteries
.
In 2021, NCM still occupies half of the country
.
However, lithium iron phosphate batteries are beginning to enter the market with competitive cost, long life cycle and high safety performance, making them an attractive option
for power and energy applications.
Wood Mackenzie expects LFP's market share to surpass NCM
by 2028.
