From the perspective of application market, the current application areas
of lithium iron phosphate batteries include new energy vehicles, energy storage,
5G base stations, two wheeled vehicles, heavy-duty trucks, electric ships, and
other fields.
The application proportion of new energy vehicles is the largest, including
new energy passenger vehicles, new energy buses, and new energy special
vehicles; Currently, over 94% of the energy storage industry uses lithium iron
phosphate batteries, including new and tiered batteries, mainly used in UPS,
backup power supplies, and communication energy storage; The future development
expectation of the electric ship market is good, and currently all applications
in this field are lithium iron phosphate batteries; Lithium iron phosphate
batteries have also begun to be applied in the two wheeled vehicle battery
exchange market.
As the market begins to further break away from policy and move towards
true marketization, the opportunities for lithium iron phosphate batteries will
also be further opened up.
In the field of new energy vehicles, in early 2020, Tesla and CATL
cooperated to enter the "cobalt free battery" market, bringing lithium iron
phosphate batteries back to the center of the stage. Driven by the significant
increase in sales of multiple domestic models such as the Model 3, BYD Han EV,
and Hongguang MINI EV equipped with lithium iron phosphate batteries, including
several battery companies such as CATL, BYD, Guoxuan High tech, Ruipu Energy,
and Penghui Energy, the installed capacity of LFP batteries in the passenger car
market has increased significantly. According to industry data statistics, the
proportion of lithium iron phosphate battery shipments to the total power
battery shipments has increased from 28% in 2019 to around 35-40% in 2020.
In the field of energy storage, the application of lithium iron phosphate
batteries in 5G base stations is also showing a rapid growth trend, opening up
new market opportunities. In the first half of 2020, China Tower and China
Mobile successively tendered for the 5G base station backup power supply lithium
iron phosphate battery energy storage project. The winning companies included
Penghui Energy, Yiwei Lithium Energy, Nandu Power, Zhongtian Technology,
Haisida, Shuangdeng Group, Xiongtao Power, Guangyu Power, Lilang Battery,
etc.
It is understood that in the future, China will need to build or renovate
at least 14.38 million base stations, estimated based on a single station energy
consumption of 2700W and emergency response time of 4 hours. The 5G base station
energy storage market will provide 155GWh of demand space for lithium iron
phosphate batteries, with a corresponding market size exceeding 100 billion
yuan.
Read recommendations:
solar portable power station
PB1000UK
wall-mounted home energy storage wholesaler
wall mounted home energy storage system Solution.maximizing the benefits of renewable energy.
Industrial and commercial energy storage system.solar power station portable custom
Home > 
Inquiry