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The development potential of energy storage battery is huge, but it is still in the stage of market introduction due to cost, technology, policy and other reasons, and its growth lags behind that of power battery. In 2017, China's output of lithium battery for energy storage was 3.48GWh, an increase of 11.5% year on year. In the future, with the gradual maturity of technology and the gradual decline of cost, the energy storage market will also be expected to become another growth point of lithium battery consumption.

According to the data of the Market Outlook and Investment Forecast Analysis Report of the Energy Storage Industry released by the Prospective Industry Research Institute, China's energy storage output value in 2017 was 5.5 billion yuan, up 5.8% year-on-year. The growth momentum in 2017 still comes from household energy storage, power grid energy storage and communication base stations. Influenced by the widespread popularity of 4G and the establishment of China Tower in 2015, the application of lithium battery in the field of communication will continue to rise, and the industry output value is expected to reach 6.5 billion yuan in 2018.

Prediction of output value of lithium battery energy storage in China

China's energy storage lithium battery industry will enter a growth period, with a compound growth rate of more than 15% in the next five years, and a large market potential. In the emerging energy internet, due to the massive access of renewable energy and distributed energy in the large power grid, combined with the popularization and application of microgrid and electric vehicles, energy storage technology will be a crucial link to coordinate these applications, and the energy storage link will become the key node of the entire energy internet.

The rise of the energy internet will significantly boost the demand for energy storage. The rapid progress of lithium battery production technology will reduce the cost of lithium battery products, improve the competitiveness of energy storage lithium battery products compared with other energy storage technologies, and gradually increase the market penetration of lithium battery in the field of energy storage, which will also further promote the corresponding growth of the application market scale.

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