The energy storage battery industry is experiencing an expansion trend

At present, the expansion of power and energy storage batteries is still hot. According to statistics from Gaogong Lithium Battery, there have been 34 construction projects for power and energy storage batteries (including lithium-ion and sodium ion batteries) since the beginning of this year, with a total investment of over 234.4 billion yuan. The planned annual production capacity for construction exceeds 570GWh.

In July, multiple energy storage battery projects began construction, with a planned total investment of up to 60 billion yuan.

GGLL predicts that in the next 2-3 years, with the opening of the global energy storage demand market, the energy storage battery industry, mainly composed of lithium batteries, will show explosive growth. At that time, new entrants will also increase, and market competition will further intensify.

Benefiting from the explosive growth of the new energy vehicle market and energy storage market, the continuous expansion of lithium battery companies has driven the growth of the lithium battery equipment market, including robots.

In the long run, there is still huge room for demand in the global automotive electrification and energy storage market. It is expected that the global demand for lithium battery production capacity will reach 5TWh by 2030. The new round of capacity expansion focuses more on process innovation and technological upgrading, aiming to truly promote the landing of intelligent and zero carbon chemical plants. The long-term capacity expansion brings new opportunities for intelligent manufacturing, but also inevitably faces new challenges.

It should be noted that battery safety remains a pain point and bottleneck problem encountered in the development of the energy storage market. With the increasing global emphasis on battery safety, the market will also lean towards manufacturers with technical strength, operational strength, brand influence, and scale strength.

The current domestic substitution space in the field of lithium battery equipment has begun to shift from complete equipment to basic components. High precision and cutting-edge devices such as laser devices, optical devices, sensors, robots, etc. have become a new direction of substitution. Forging core component technology and products, building a new ecosystem of lithium battery equipment supply chain, and domestic components with high cost-effectiveness are given increasingly high expectations.