Global Battery Power Supply Market Size in 1.

According to data from Champ Consulting Group, the global battery power market size from2018of the year4,000billion dollars to grow2022of the year1.02trillion dollars, with a compound annual growth rate29.6%. The rapid development of new energy vehicles and energy storage systems has promoted the growth of demand for various battery power products. expected2023By the end of the year, the global battery power market will reach1.2trillion, with a CAGR25.8%。

In terms of product types, the global battery power market is mainly composed of lithium-ion batteries, nickel-metal hydride batteries, lead-acid batteries and other types (such as zinc-air batteries, sodium sulfide batteries, etc.). Among them, lithium-ion batteries occupy the largest market share,2022The year is about6,190Billion US dollars, accounting for up61.5%. Lithium-ion batteries have the advantages of high energy density, high power density, low self-discharge rate, and long life. They are widely used in consumer products such as smart phones, laptops, tablets, and digital cameras, as well as new energy vehicles and energy storage systems. With the continuous innovation of lithium-ion battery technology and the continuous reduction of costs, the market demand will continue to grow. Champ Consulting is expected2023By the end of the year, the global lithium-ion battery market will reach7,500billion dollars, with a compound annual growth rate24.4%。

Ni-MH battery is a secondary rechargeable battery that can be charged and placed many times, has no memory effect, and has good environmental protection. It is mainly used in small household appliances (such as shavers, vacuum cleaners, etc.), toys, power tools, medical equipment, etc.2022The size of the global nickel-metal hydride battery market is approximately1,130Billion US dollars, accounting for up15.4%. Due to the low energy density and power density of Ni-MH batteries, and the shortcomings of high self-discharge rate and short life, the market demand growth is relatively slow. expected2023By the end of the year, the global Ni-MH battery market will reach1,200billion dollars, with a compound annual growth rate6.2%。

Lead-acid battery is a mature secondary rechargeable battery with the advantages of low cost, high reliability and simple maintenance. It is mainly used in automobile starting, lighting, communication, electric power and other fields.2022In, the global lead-acid battery market size was approximately966Billion US dollars, accounting for up13.8%. Due to the poor energy density and environmental protection of lead-acid batteries, and the substitution of new batteries such as lithium-ion batteries, the market demand growth is relatively slow. expected2023By the end of the year, the global lead-acid battery market will reach1,000billion dollars, with a compound annual growth rate3.6%。

Other types of batteries include new chemical power sources such as zinc-air batteries, sodium sulfide batteries, lithium-sulfur batteries, and lithium-air batteries. They have the advantages of high energy density, low cost, and environmental protection, but they are still in the research and development or experimental stage. Achieve large-scale commercial applications.2022In, the global market size of other types of batteries was approximately386Billion US dollars, accounting for up3.1%. With technological breakthroughs and policy support, these new batteries are expected to achieve rapid development in the next few years. expected2023By the end of the year, the global market for other types of batteries will reach500billion dollars, with a compound annual growth rate38.9%。

From a regional perspective, the global battery power market is mainly composed of Asia Pacific, North America, Europe and other regions (such as Latin America, Middle East and Africa, etc.). Among them, the Asia-Pacific region occupies the largest market share,2022The year is about6,345Billion US dollars, accounting for up63.1%. The Asia-Pacific region is the world's largest producer and consumer of consumer products and new energy vehicles, and there is a huge demand for various battery power products. In particular, China, as the world's largest new energy vehicle market and power battery production base, has played an important role in promoting the development of the global battery power industry. expected2023By the end of the year, the battery power market in the Asia-Pacific region will reach7,500billion dollars, with a compound annual growth rate24.4%。

North America is the world's second largest battery power market,2022The year is about1,702Billion US dollars, accounting for up16.9%. North America has strong technological innovation and consumption capabilities, and has a high demand for high-end and high-performance battery power products. In particular, the United States, as the headquarters of Tesla, the world's largest new energy vehicle company, has an important influence in promoting global innovation in new energy vehicles and power battery technology. expected2023By the end of the year, the battery power market in North America will reach2,000billion dollars, with a compound annual growth rate24.4%。

Europe is the third largest battery power market in the world,2022The year is about1,032Billion US dollars, accounting for up10.8%. The European region has high environmental awareness and energy transformation needs, and has strong support and impetus for the development of new energy vehicles and energy storage systems. In particular, Germany, France, the United Kingdom and other countries have a high level of technology and market share in the field of new energy vehicles and power batteries. expected2023By the end of the year, the size of the battery power market in Europe will reach1,200billion dollars, with a compound annual growth rate21.4%。

Other regions include Latin America, the Middle East and Africa,2022The year is about317Billion US dollars, accounting for up3.1%. The battery power market in these regions is relatively small, but due to economic development, population growth, infrastructure construction and other factors, the demand for battery power products has greater potential. expected2023By the end of the year, the size of the battery power market in these regions will reach400billion dollars, with a compound annual growth rate25.8%。

2. global battery power industry technology development

The technological development of the global battery power industry is mainly reflected in the following aspects:

（1) Improve energy density and power density. Energy density and power density are important indicators to measure battery performance, which can directly affect the battery life and charge and discharge speed. At present, the global battery power industry is continuously improving the energy density and power density of various types of batteries by improving materials, structures, and processes. For example, lithium-ion batteries have improved their energy density and power density by using high-nickel ternary cathode materials, silicon-carbon anode materials, solid electrolytes, etc. Zinc-air batteries have improved their energy density and power density by using bipolar plate structures and improving air cathode design. Sodium sulfide batteries have improved their energy density and power density by using nanostructured materials and optimizing temperature control.

（2) Reduce costs and improve efficiency. Cost and efficiency are important factors affecting the competitiveness of the battery market, which can directly affect the purchase intention and use experience of consumers. At present, the global battery power industry is continuously reducing the cost and improving efficiency of various types of batteries through large-scale production, standardized design, and recycling. For example, lithium-ion batteries reduce their unit cost by expanding production capacity, reducing raw material prices, and improving cycle life; nickel-metal hydride batteries reduce their unit cost by unifying specifications, simplifying processes, and improving charge and discharge efficiency; lead-acid batteries Reduce its unit cost by recycling, improving formula, and improving charge and discharge efficiency.

（3) Improve safety and environmental protection. Safety and environmental protection are important factors affecting the social responsibility and sustainable development of batteries, which can directly affect the trust and satisfaction of consumers. At present, the global battery power industry is continuously improving the safety and environmental protection of various types of batteries by optimizing design, increasing protective measures, and reducing harmful substances. For example, lithium-ion batteries improve their safety and environmental protection by using solid electrolytes, increasing temperature sensors, and reducing cobalt content; nickel-hydrogen batteries improve their safety and environmental protection by using explosion-proof valves, increasing overcharge protection, and reducing cadmium content. Lead-acid batteries improve their safety and environmental protection by using explosion-proof valves, increasing overdischarge protection, and reducing lead content.

3. the global battery power industry competition pattern

According to data from Shangpu Consulting Group, the competitive landscape of the global battery power industry is mainly composed of the following types of companies:

（1) International large-scale comprehensive enterprises. Such enterprises have strong technology research and development capabilities, brand influence, market channels and financial strength, and can provide a variety of types and specifications of battery power products, covering the market demand of many fields and regions. Representative companies include Japan's Panasonic, Sony, Sanyo, etc., and the United States's DuPont,3M, ExxonMobil, etc., Germany's Siemens, Bosch, Bayer, etc.

（2) Specialized small and medium-sized enterprises. These companies focus on one or several types of battery power products, have a high technical expertise and market share, and can provide high-performance and high quality battery power products to meet the market needs of specific areas and regions. Representative companies include China's BYD, Ningde Times, Lishen, etc., and South Korea's Samsung.SDI、LGChemistry,SKinnovation, etc., Tesla in the United States,A123system, Microsoft, etc.

（3) Emerging and innovative enterprises. These enterprises are mainly engaged in the research and development and testing of new chemical power sources, have strong innovation ability and potential, can provide breakthrough and subversive battery power products, and lead the future market trend and technology direction. Representative companies have U. S.QuantumScape、Solid Power、Ionic MaterialsWait, British.Oxis Energy、Faradion、NexeonChina's Tsinghua University lithium-air battery research team, etc.

4. Global Battery Power Industry Drivers

The development of the global battery power industry is driven by the following factors:

（1) Consumption upgrade. With the development of global economy and the improvement of people's living standards, consumers' demand for all kinds of electronic products is increasing, and there are higher requirements for product performance, quality, appearance and so on. This has led to the continuous upgrading of various consumer products and the growth of demand for various battery power products. In particular, mobile Internet devices such as smart phones, notebook computers, and tablet computers, as well as wearable devices such as smart watches, smart glasses, and smart headsets, have greater demand for lithium-ion batteries with high energy density, high power density, and low cost.

（2) Popularization of NEV. With the increasing global climate change and environmental pollution, traditional fuel vehicles are facing more and more stringent emission standards and restrictions, while new energy vehicles have become an alternative and development direction. Governments around the world have introduced policies and measures to encourage and support the development of new energy vehicles, such as providing subsidies, tax relief, free parking, free charging and so on. At the same time, new energy vehicle companies are also increasing their technological innovation and marketing efforts to improve the competitiveness of new energy vehicles in terms of performance, quality, appearance and price. This has contributed to the growing production and sales of new energy vehicles around the world, driving demand for battery power products such as power batteries. In particular, lithium-ion batteries as the most mainstream type of power battery, its market demand will continue to grow.

（3) increased demand for energy storage. With the transformation of global energy structure and the development of renewable energy, energy storage system has become an important means to ensure energy security and stability. Energy storage systems can balance supply and demand fluctuations, improve grid efficiency, reduce electricity costs, and increase emergency backup. Governments around the world have introduced policies and measures to encourage and support the development of energy storage systems, such as providing subsidies, tax relief, and priority access. At the same time, energy storage system enterprises are also increasing technological innovation and marketing efforts to improve the performance, quality, scale and price of energy storage system competitiveness. This has led to the growing installation of energy storage systems around the world, driving the demand for battery power products such as energy storage batteries. In particular, sodium sulfide batteries, lithium ion batteries, etc. as the most mainstream energy storage battery type, its market demand will continue to grow.

（4) technological innovation. Technological innovation is the core driving force to promote the development of the global battery power industry, which can continuously improve the performance, quality, safety and environmental protection of battery power products, reduce the cost and efficiency of battery power products, and expand the application fields and market space of battery power products. Governments around the world have introduced policies and measures to encourage and support battery power technology innovation, such as providing financial support, strengthening intellectual property protection, and establishing technical standards. At the same time, battery power supply companies have also continuously increased their R & D investment and cooperation and exchanges to improve the level and speed of technological innovation. This has led to continuous breakthroughs and progress in global battery power technology, and has promoted the growth of demand for various new chemical power products. In particular, the market demand for lithium-sulfur batteries and lithium-air batteries will continue to grow as breakthrough and disruptive new chemical power types.

5. global battery power industry challenges

The development of the global battery power industry is also facing the following challenges:

（1) Insufficient supply of raw materials. Raw materials are the basic elements of manufacturing all kinds of battery power products, and their supply, quality and price directly affect the production cost, quality level and market supply of battery power products. At present, the raw materials required by the global battery power industry mainly include lithium, cobalt, nickel, lead, cadmium and other metal elements, as well as graphite, silicon, polymers and other non-metallic materials. The reserves of these raw materials are unevenly distributed and are affected by geopolitics, environmental protection, market fluctuations and other factors, resulting in insufficient supply or price fluctuations. This has brought greater pressure and risks to the development of the global battery power industry.

（21) Safety and environmental protection issues. Safety and environmental protection are important indicators to measure all kinds of battery power products, and their problems will directly affect the trust and satisfaction of consumers, and even cause personal injury and property damage. At present, there are still some safety and environmental problems in the global battery power supply industry, such as battery fire and explosion caused by battery overcharge and overdischarge, short circuit, impact, puncture, etc.; low recycling rate after the end of battery life, resulting in waste of resources and environmental pollution; harmful substances contained in batteries cause harm to human health and ecosystem. These issues require the global battery power industry to strengthen technological innovation and management practices to improve safety and environmental protection.

（3) The market is highly competitive. Market competition is an important driving force for the development of the global battery power industry, which can promote technological innovation and product optimization, and improve consumer welfare and social benefits. But at the same time, market competition has also brought greater pressure and challenges to the global battery power industry, such as product homogeneity, price wars, patent disputes, trade barriers, etc. These issues require the global battery power industry to strengthen cooperation and coordination of communication, in order to improve market competitiveness and synergies.

6. global battery power industry trends and opportunities

According to the analysis of Shangpu Consulting Group, in the next few years, the global battery power industry will present the following development trends and opportunities:

（1) Diversified development. With the continuous development and innovation of various electronic products, new energy vehicles, energy storage systems and other fields, the demand for various battery power products will be more diversified and personalized, and need to meet different performance, quality, appearance, price and other requirements. This will promote the global battery power industry to diversify the direction of development, providing a variety of types and specifications of battery power products to meet the market needs of many fields and regions. In particular, new chemical power products, such as lithium-sulfur batteries and lithium-air batteries, are expected to be commercialized in the next few years and expand new market space.

（2) Intelligent development. With the continuous development and application of artificial intelligence, Internet of things, big data and other technologies, there are higher requirements for the intelligent level of various electronic products, new energy vehicles, energy storage systems and other fields, and higher automation, interconnection, data analysis and other functions are needed. This will promote the global battery power industry to change the direction of intelligent development, provide battery power products with intelligent management, intelligent diagnosis, intelligent optimization and other functions, and improve the efficiency and user experience of battery power products. In particular, power battery products such as lithium-ion batteries are expected to achieve intelligent interconnection with vehicles, charging piles, cloud platforms, etc., and realize remote monitoring, fault warning, and performance optimization of power batteries.

（3) Green development. With the increasing awareness of global environmental protection and sustainable development, there are higher requirements for the green level of various electronic products, new energy vehicles, energy storage systems and other fields. It is necessary to reduce the consumption and impact on the environment and resources. Improve the protection and utilization of the environment and resources. This will promote the global battery power industry to change the direction of green development, provide battery power products with low carbon emissions, high recycling, high environmental protection and other characteristics, and improve the social responsibility and sustainable development ability of battery power products. In particular, new chemical power products such as lithium-sulfur batteries and lithium-air batteries are expected to achieve zero emissions and zero losses to the environment and resources, and achieve green development in the true sense.

In summary, the global battery power industry is in a stage of rapid growth, benefiting from consumption upgrades, the popularity of new energy vehicles, increased demand for energy storage and other driving factors, Shangpu Consulting expects2023By the end of the year, the global battery power market will reach1.2Trillions of dollars. At the same time, the global battery power industry is also facing technological innovation, cost reduction, safety improvement, recycling and other challenges, the need to strengthen R & D investment, improve industrial concentration, improve policy support and regulatory mechanisms and other measures to enhance the competitiveness of the industry and sustainable development capabilities. In the next few years, the global battery power industry will present diversified, intelligent, green and other development trends and opportunities, providing better quality and more innovative battery power products for various fields and regions.