Overview of the lithium battery equipment industry

Lithium electric equipment refers to the general name of all kinds of equipment that uses equipment to make electrochemical materials into cells through various processes and participates in the assembly of battery systems. Lithium battery equipment is a necessary equipment and infrastructure for the lithium battery manufacturing industry. Lithium equipment is divided according to the scope of functions covered, including special planes and whole lines. The special machine includes stand-alone equipment and integrated equipment, which refers to the whole line production that realizes a single or multiple functions but has not yet realized a certain production link, such as stacking machine, packaging machine, welding and packaging machine, etc.; the whole line refers to the fully automated production that basically realizes a certain process, such as the cell assembly line and the battery assembly line.

Policies related to the development of the lithium equipment industry

With the continuous development of new energy vehicles, energy storage, consumer electronics and other industries, especially the continuous outbreak of demand for power lithium batteries, it has continuously promoted the vigorous development momentum of the lithium battery industry. In recent years, the state has successively issued a number of policies to actively promote the development of China's lithium power equipment industry. In 2023, the National Development and Reform Commission and nine other departments jointly issued the Implementation Plan on Cultivating and Strengthening the Renewable Energy Industry, proposing to vigorously develop renewable energy, including promoting the large-scale application of new energy storage and accelerating the key core technologies of renewable energy.

Lithium power equipment industry chain

1. Schematic diagram of the industrial chain of the lithium power equipment industry

The lithium equipment industry chain includes upstream raw material suppliers, midstream equipment manufacturers and downstream lithium battery manufacturers. Upstream raw material suppliers mainly provide raw materials needed for lithium battery manufacturing, such as lithium, cobalt, nickel and other metal materials, as well as electrolytes, diaphragms and other auxiliary materials. Downstream lithium battery manufacturers are the main customer groups. They produce various types of lithium batteries, such as power batteries, energy storage batteries and consumer batteries, by purchasing upstream raw materials and products from midstream equipment manufacturers. These lithium batteries are widely used in new energy vehicles, energy storage, consumer electronics and other fields.

2. Downstream application analysis of lithium equipment industry

The development of lithium batteries has increased the demand for lithium batteries. With the increasing demand for lithium batteries in electric vehicles, energy storage and other fields, the corresponding demand for lithium batteries has also increased. For example, coating machines, roller presses, liquid injection machines and other equipment need to be used in the battery production line, and the market demand for these equipment will also increase with the increase of battery production. According to the data, China's lithium battery shipments will be 655GWh in 2022, with a year-on-year increase of 100%; in 2025, China's lithium battery shipments will reach 1747GWh.

Analysis of the current situation of China's lithium power equipment industry

1. The market size of China's lithium battery equipment industry

With the rapid development of the global new energy vehicle and energy storage market, the lithium battery equipment market continues to expand. According to statistics, the market size of lithium electricity production equipment in China in 2022 is about 100 billion yuan, a year-on-year increase of 70.1%. It is expected that in the next few years, with the further popularization of the electric vehicle and energy storage market, the market size of lithium equipment will continue to grow rapidly. The market size will reach 155 billion yuan in 2025, and the compound growth rate from 2022 to 2025 will reach 15.73%.

2. Product structure of China's lithium battery equipment industry

With the accelerated expansion of production capacity of lithium battery manufacturers, huge major bidding and purchase orders for lithium battery equipment have been landed one after another, and orders from lithium battery equipment enterprises have surged, and their performance has increased significantly year-on-year. From the perspective of the market segment, the market share of the front, middle and back of lithium equipment in China is 44.05%, 35.71% and 20.24% respectively.

3. The localization rate of lithium electricity equipment in China

Most domestic lithium battery enterprises were established or developed around 2010. With the rapid development of the expansion of domestic lithium battery manufacturers in recent years, they have achieved a comprehensive overtake of Japan and South Korea in terms of technology and scale. In recent years, driven by policies and markets, domestic lithium power enterprises have increased their investment in research and development, and the application of new technologies has continued to make breakthroughs. The data shows that the localization rate of lithium electric equipment has also reached more than 90%, of which the localization rate of equipment in key processes has reached more than 80%. It is expected that the share of domestic lithium equipment will further increase in the new round of power battery expansion cycle.

Competition pattern of lithium equipment industry

In 2022, the competition pattern of China's lithium equipment industry is diversified. The market share of leading enterprises in the industry is high, but the competitiveness of other enterprises is also increasing. There are many enterprises in the lithium equipment industry, but the market share is mainly dominated by several large enterprises. These enterprises occupy a high market share through technological innovation, scale effect and brand advantages. Among them, Pioneer Intelligence, Hangke Technology, Li Yuanheng and other enterprises are leaders in the industry and have strong R&D and manufacturing capabilities.

The future development trend of the lithium equipment industry

With the continuous progress of technology and the improvement of environmental awareness, technological innovation and green environmental protection in the lithium equipment industry will become the future development trend. On the one hand, with the continuous upgrading and application of lithium battery technology, new materials and processes continue to emerge, which requires the support of the corresponding lithium equipment. For example, the emergence of solid-state batteries poses new challenges and requirements for existing lithium batteries, and corresponding equipment manufacturers need to develop and upgrade equipment for new battery technologies. On the other hand, with the increasing strict environmental protection policies and the increasing demand of consumers for environmental protection products, green environmental protection will become an important development direction of the lithium equipment industry. Enterprises need to take effective measures to reduce environmental pollution and achieve sustainable development.