General Situation of China home energy storage lithium battery market in 2021
Data showed that shipments of lithium batteries from Home Energy Storage in China reached 5.5GWh in 2021, up 83% year-on-year.
As for the battery selection of home energy storage like wall wart power supply battery, the demand for home energy storage is concentrated in Europe, The United States, Japan and South Korea and other regions, and the system providers are mostly local enterprises, but the supporting battery is dominated by LG, Panasonic, Samsung and other Japanese and South Korean three-way battery system. Chinese battery battery enterprises have entered the market strongly and have consistently chosen the technological route of lithium iron phosphate, which is reversing the global battery supporting pattern of home Energy storage.
At present, the home Energy storage market is mainly concentrated in Europe, North America, Australia and other regions. Most of China's home Energy Storage lithium battery and system products are exported to the world, forming a very obvious outward export characteristics. More than 90% of the products of China's leading home energy storage lithium battery companies such as BYD, Pylontech, ATL and REPT are exported to the world.
The development characteristics of the home Energy storage market are as follows:
- The demand in China is small, and more than 90% of the demand is concentrated in the global market;
- There are few participating enterprises, but the requirements are high, especially involving many certifications, and the gross profit rate of their products is as high as 30%;
The c-end market has remarkable characteristics, and the ability of brand and channel development is the core competitiveness of an enterprise. After 2023, the overall market is expected to enter a period of rapid growth. The core drivers are: 1) ICT incentive policy of the United States and home Energy Storage investment subsidy policy of the European Union; 2) The global electricity price is highly marketized, the photovoltaic penetration rate is high, and the demand for home energy storage continues to be strong.
While the coronavirus pandemic has affected most economies around the world, it has had a smaller impact on Home Energy Storage. Data showed that shipments of lithium batteries from China's Home Energy Storage reached 5.5GWh in 2021, up 83% year-on-year.
FIG.China's Home Energy Storage Lithium Battery Shipment (GWh) from 2017 to 2021
Chinese enterprises engaged in home energy storage lithium battery are less than electric energy storage and communication energy storage. At present, BYD, Pylontech, ATL, EVE, REPT and so on are the largest shipments.
Top5 home energy storage lithium battery companies in China in 2021
In terms of shipment capacity in 2021, Top5 home energy storage lithium battery companies in China in 2021 include Pylontech, ATL, BYD, EVE and REPT. BYD mainly targets the UK and EU markets, Pylontech focuses on South Africa, the EU and Australia markets, and ATL, EVE and REPT mainly sell electric cells. According to cell shipment statistics, home Energy Storage lithium battery shipments of the top three companies have exceeded 1GWh.
Pylontech is a unique company with vertical integration of all technologies needed for ESS (Energy storage system) including cathode material, lithium cell, BMS and system integration. With self developed key technologies and dedication to ESS applications, Pylontech had been pioneering the global ESS market from 2013.
In 2021, the cumulative sales of Pylontech's energy storage products were 1.54GWh, an increase of 111.96% compared with 2020, and the sales volume doubled. As the first listed lithium energy storage battery enterprise in China, Pylontech has two major business segments: one is international business dominated by global Home Energy storage, and the other is communication energy storage backup business backed by ZTE system. Among them, the international business revenue of Home Energy Storage accounted for more than 80% in 2020.
As the first listed lithium electric energy storage enterprise in China, Pylontech has two major business segments: one is international business dominated by global Home Energy storage, and the other is communication energy storage backup business backed by ZTE system.
The product adopts modular design, intelligent battery management system can automatically adapt to different levels of 5~1500V electrical environment, meet the energy storage requirements from household KWH level to power grid MWH level. On the battery technology route, Pylontech adhere to the lithium iron phosphate soft package route. On the one hand, soft package has obvious advantages in energy density and safety performance. On the other hand, the product can be customized to meet the needs of customers, and the design is more flexible, so it has the advantage of product development to meet the needs of complex and diverse energy storage applications.
The Aggregate market value: $19.766
Amperex Technology Limited (ATL) is a famous lithium-ion battery producer and innovator in the world, and a high-tech enterprise responsible for providing high quality rechargeable lithium-ion battery cells, packs and system integration solutions and dedicated to offering advanced technologies, production capacities and high quality services. Working closely with world-renowned branded smartphones, tablets and notebooks OEMs, drones, robots and power tools specialists, VR/AR vanguards and various wearable and smart home technology trailblazers, we are helping the world connect better, last longer, live easier and fly higher.
Location: Hong Kong, China
ATL is the world's largest MANUFACTURER of 3C digital lithium batteries. In 2019, ATL set up its subsidiary, NENGan, to enter the home Energy storage market. Relying on ATL's lithium iron phosphate battery technology, NENGan can provide a full range of products including cell, module and battery system for home Energy Storage, communication backup power, industrial and commercial energy storage and other customers. At present, the energy storage products have obtained the energy storage battery export certification from Europe, the United States, Germany, Australia, Japan, China and Southeast Asia.
In 2021, CATL and ATL will sign two contracts, with a total investment of 14 billion yuan to set up two joint ventures, engaged in the research and development, production, sales and after-sales service of medium-sized batteries used in home Energy storage, electric two-wheelers and other fields. The home Energy Storage business will be operated by a joint venture in the future.
BYD is a high-tech company devoted to technological innovations for a better life. After more than 20 years of fast growth, the company has established over 30 industrial parks worldwide and has played a significant role in industries related to electronics, automobiles, new energy and rail transit. From energy generation and storage to its applications, BYD is dedicated to providing zero-emission energy solutions. BYD is listed on the Hong Kong and Shenzhen Stock Exchanges, with revenue and market capitalization each exceeding RMB 100 billion.
Location: Shenzhen, Guangdong
BYD has been specialized in the r&d, production, sales and service of battery energy storage, micro-grid and other new energy for 13 years. It covers the market demand of small home energy storage products, medium and industrial and commercial energy storage systems and large container systems of public use. Its business scope covers more than 50 countries and more than 300 cities around the world. Up to now, the global total sales volume is more than 1.7GWh, providing nearly 100 industrial-grade energy storage solutions for global partners, creating many no.1 in the world.
BYD energy storage is a whole system product, and its three core materials (cell, PCS and BMS) are all developed and produced by ourselves and sold through terminal channels. At present, BYD Battery-box home Energy storage products have landed in the United States, Germany, Australia and other developed markets, and have passed the matching tests of many mainstream inverter brands in the industry, and are constantly providing consumers with clean and reliable power guarantee from China. Home Energy Storage ranks behind Pylontech and ATL in cell shipments.
Aggregate market value: 719.5 billion
EVE Energy has become a global competitive high-quality lithium battery platform company, possessing core technologies and comprehensive solutions for consumer batteries and power batteries. Products are widely used in the field of IoT and the Energy Internet.
Location: Huizhou, Huangdong
In the field of energy storage battery, EVE has been established in communication energy storage, electric energy storage, landscape energy storage, distributed energy system and other fields. EVE plans to invest in a new 30GWh annual power storage battery project in Jingmen, Hubei Province, China, specifically for the 15GWh lithium iron phosphate battery project for logistics vehicles and Home Energy storage and the 15GWh terpolymer battery project for passenger vehicles.
EVE said in 2021 that the company's power battery mainly serves communication energy storage, electric energy storage, distributed energy system and other energy storage fields, among which home Energy Storage is one of the important application fields of the company's products.
The Aggregate market value: $157.6
REPT Energy is one of companies invested by Tsingshan Industry (one of the Fortune Global 500 companies) in the sector of new energy by combining its own rich mineral resources in the world. REPT Energy is mainly engaged in the research, development, production and sales, from cells to system applications of power and energy storage lithium-ion battery, focusing on providing high-quality solutions for new energy vehicle power and smart energy storage system. With a registered capital of 300 million yuan, the company has now established two major bases, namely the Wenzhou Manufacturing Base and the Shanghai R&D Center.
Location: Wenzhou, Zhejiang
REPT, founded in 2017, is one of the enterprises invested in the new energy field by Qingshan Industrial, one of the world's top 500 enterprises, combined with its own rich mineral resources. REPT is mainly engaged in the development, production and sales of power/energy storage lithium ion battery mono to system application, focusing on providing high quality solutions for new energy vehicle power and smart electric energy storage. REPT has built wenzhou manufacturing base and Shanghai R & D center two bases. REPT mainly focuses on VDA standard size ternary batteries and iron lithium batteries, and its product technical strength has reached the leading level in China. REPT has been adhering to the development strategy of power and energy storage. In terms of energy storage batteries, REPT has developed 50Ah, 100Ah, 150Ah, 200Ah, 230Ah and 280Ah series products to meet the needs of many energy storage fields. Energy storage battery products have cooperated with many well-known energy storage inverter enterprises in China to enter the international market. REPT is advancing its battery life by developing 8,000 to 10,000 long-life batteries with a life span of more than 20 years, and developing a 1500V container storage system. According to REPT's plan, the company's power and energy storage battery capacity will reach 200GWh by 2025.
Whether it is home Energy storage system or cell product, its gross profit is generally higher than other lithium battery products, and its rich profit will allow more and more lithium battery enterprises to participate in the competition.