According to a new research report available on Radiant Insights, Inc., the China battery market is estimated to showcase rapid development over the forecast period (from 2017 to 2022). Increasing demand for batteries due to rising automobile sales is projected to augment the growth of this market over the next few years. Growing demand for electric vehicles (EVs) in the region is also anticipated to fuel the overall market in future. In addition to the promising EV market in the region, rising preference of various auto assemblers for domestic or regional products is expected to drive market growth.
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A team of engineers at the University of Texas in Austin, along with the co-inventor of the lithium-ion battery, has introduced the first ever all-solid-state battery cells. These battery cells can provide lead to safer, longer-lasting, and faster-charging rechargeable batteries for electric cars, stationary energy storage, and handheld mobile devices. The team uses glass electrolytes instead of liquid electrolytes, which allow the use of an alkali-metal anode without forming dendrites.
Using alkali-metal anode (sodium, potassium, or lithium)—which is not possible with traditional batteries—enhances the cathode energy density and offers a long-life cycle. Another major advantage of this innovation is that these cells are made of eco-friendly materials. Glass electrolytes provide substitution of inexpensive sodium for lithium and sodium is obtained from seawater, which is widely available.
The China battery market is categorized as per price, capacity, applicable type, battery type, and USB output current. Based on price, the market is segmented into 0-299, 300-499, 500-699, 700-999, 1000-1799, and above 1800. Based on capacity, the market is categorized into 0-5000MA, 5001-10000MA, 10001-15000MA, 15001-20000MA, above 20000MA, and others.
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Based on applicable type, the market is divided into automobile accumulator, motorcycle accumulator, EV battery, and auxiliary battery parts. Based on USB output current, the market is segregated into 0~1A, 1.1A~2.4A, above 2.4A, and others. Based on end user, the market is categorized into commercial and home. Based on battery type, the market is split into lithium polymer battery, lead acid battery, lithium ion battery, lithium battery, and others.
The lithium ion segment has witnessed rapid development over the past few years. The major factor behind its growth is Electric Vehicle (EV) subsidies. In addition, augmenting demand for safer, cheaper, and energy-efficient batteries is projected to propel its growth over the next few years. The lithium battery segment has also witnessed rapid expansion in the recent past.
Based on region, the market is divided into East China, South China, North China, Southwest China, Central China, Northwest China, and Northeast China. Some of the leading companies operating in the China battery market are Camel Group Co., Ltd.; New Focus Auto Tech Holdings Ltd. (NFA); DUOYI Electronics Co., Ltd.; Tianneng Power International Co., Ltd.; and Shenzhen Newsmy Technology Co. Ltd.
These leading players follow various growth strategies to gain and retain the top market position by attracting more customers. Some of these strategies are technology and/or product development, regional expansions, and mergers and acquisitions. In addition, market players also focus on and invest heavily in research and development activities.
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