English 
简体中文 
Technological innovation has created a market prospect that exceeds one trillion yuan, and also allows new energy batteries to be used in more application scenarios.
“The application range of new energy batteries is very broad, including flying in the sky, swimming in water, running on the ground and not running (energy storage). The market space is huge.” Zeng Yuqun, chairman of CATL, pointed out that the penetration rate of new energy vehicles is not equal to the penetration rate of batteries. In addition to the penetration rate of new passenger cars, battery applications in other fields still have room for more than ten times in the future.
New energy battery
Tesla CEO Musk also said that in the future, the world will eventually need 240TWh energy storage capacity (Including power station energy storage, car batteries, etc).
Market space for new energy batteries
Some industry organizations predict that the installed capacity of the global power battery market is expected to reach 794GWh in 2023. By 2025, global electric vehicle sales will exceed 20 million units, and the corresponding power battery demand will exceed 1,600GWh. By 2030, global power battery demand will Reaching 2700GWh.
Energy storage is also a trillion-level market comparable to power batteries, and the global energy storage market is exploding at an accelerating pace. According to forecasts, global energy storage lithium battery shipments are expected to reach 560GWh by 2025, with an average annual compound growth rate of 50%.
Globally, Chinese companies have achieved rapid expansion in share by relying on the lithium iron phosphate system and manufacturing advantages. The top five global energy storage battery shipments in 2022 are CATL, BYD, EVE Energy, Samsung SDI and REPT Energy, with Chinese companies accounting for four-fifths of the seats. Among them, CATL shipped 47GWh, with a global market share of 43.4%; BYD and EVE Energy also shipped more than 10GWh.
Electric ships and electric aviation
It is worth noting that as technology continues to mature and costs gradually decrease, electric ships will usher in huge development opportunities.
According to a report released by the international research institution Research and Markets, the global electric ship market size is expected to reach US$7.3 billion by 2024, the global lithium battery market for electric ships will reach approximately 35GWh in 2025, and the global electric ship market size will reach US$108.2 billion in 2027.
Electric ship
Up to now, most of the battery products certified by battery companies are square lithium iron phosphate batteries. Lithium iron phosphate batteries have good safety, long cycle performance, good high temperature stability and low cost. They are the best choice for ship power batteries at this stage.
Lithium iron phosphate power batteries and BMS battery management systems have developed rapidly. The increase in charge and discharge rates has enabled ships to start faster and have better power control. The technical conditions have been met for promotion and application on ships.
The future market prospects for electric aviation are extremely broad. According to China Credit Securities, the global urban air transportation industry is expected to reach a scale of 1.5 trillion US dollars by 2040.
Seize the opportunity and join the new trillion-dollar blue ocean. Enterprises in the industrial chain are on the verge of success. For more industry news please keep an eye on the website for updates or follow our social media accounts.