Demand For Consumer Lithium Batteries Increases And Market Competition Becomes Fierce

Lithium batteries are a type of battery that is made of lithium metal or lithium alloy as positive/negative electrode materials and uses non-aqueous electrolyte solution. According to different uses, it can be divided into consumer lithium batteries, power lithium batteries, and energy storage lithium batteries. Among them, consumer lithium batteries refer to lithium batteries used in consumer electronic products such as mobile phones, digital cameras, and mobile power supplies.

With the continuous advancement of science and technology, the safety and environmental protection of lithium batteries continue to improve, and the upgrading of consumer electronics continues to accelerate. The market's performance requirements for consumer electronics continue to increase, and the application of lithium batteries in consumer electronics products continues to deepen. Industrialization, The commercialization process continues to accelerate.

According to the "2024-2028 Consumer Lithium Battery Industry In-depth Market Research and Investment Strategy Suggestion Report" released by the New Thinking Industry Research Center, from a global market perspective, with the continuous advancement of Internet technology and the continuous development of emerging industries such as smart wearable devices, In the context of the epidemic, the penetration rate of consumer electronics continues to increase, and the demand for consumer lithium batteries continues to increase. Global demand for consumer lithium batteries in 2023 will be approximately 88GWh, an increase of approximately 13% year-on-year in 2022.

From the perspective of the domestic market, with the continuous advancement of production technology, the performance of lithium batteries continues to improve, the cost continues to decrease, and industries such as consumer electronics and new energy vehicles are booming. In recent years, my country's lithium battery production has continued to increase driven by market demand. Consumer lithium batteries have a good development environment. According to data released by the Ministry of Industry and Information Technology, my country's total lithium battery production will exceed 940GWh in 2023, a year-on-year increase of 25%. From the perspective of market structure, consumer lithium battery production will be 80GWh.

The upstream of the consumer lithium battery industry chain is the supply of raw materials such as electrolytes, positive and negative electrode materials, coating materials, lithium battery separators, and equipment such as slitting machines, winding machines, and bonding machines. As the country continues to increase its support for the energy electronics industry and the innovation capabilities of enterprises continue to improve, the size of my country's lithium battery equipment market has shown rapid growth in recent years, exceeding 107 billion yuan in 2023. Consumer lithium batteries have a good foundation for development.

At present, there are a large number of consumer lithium battery manufacturers in the world, and market competition is fierce. Leading companies have strong competitive advantages in product quality, brand awareness, etc., and occupy a larger market share. Looking at the lithium battery market for mobile phones alone, ATL accounts for more than 27%, ranking first; Samsung SDI and LG Chem both account for about 10%.

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People said that as the penetration rate of smart mobile devices continues to increase and the scale of emerging industries such as smart wearable devices continues to expand, the market demand for consumer lithium batteries will continue to grow. As market competition continues to intensify and consumers' requirements for battery safety and energy density continue to increase, domestic consumer lithium battery companies need to continuously improve their innovation capabilities, actively develop new materials and new processes, and improve product quality and performance.

The demand for lithium batteries in the consumer market continues to rise, and market competition is fierce. We can provide you with high-quality aluminum battery casings to ensure that lithium batteries are safer and more reliable.

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