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Status of the Rechargeable Li-ion Battery Industry
Jul.2017

yole_business_opportunities_li-ion_battery_supply_chain
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Description

couv status of battery Yole 2017

How will e-mobility reshape the lithium ion battery supply chain?

The rechargeable lithium ion (Li-ion) battery market will grow strongly and steadily, with a 20% compound annual growth rate (CAGR) from 2016-2022

Li-ion batteries have become the technology of choice for many applications. The rechargeable Li-ion battery cell market will be worth $59.1 billion by 2022, thanks to a 20% CAGR from 2016–2022, as shown in Figure 1. Consumer electronics, the traditional Li-ion battery market segment, has been overtaken by electric mobility, which includes electric and hybrid electric vehicles (EV/HEV), electric buses, trucks, and bikes. In 2022, e-mobility will represent 72% of the total rechargeable Li-ion battery cell market’s value.

According to Yole Développement’s analysis, the global demand for battery cells in GWh will rise by more than 400% between 2016 and 2022. To satisfy such huge demand for Li-ion batteries, large manufacturing facilities have to be built in coming years. This provides an opportunity for new players, which can take part in a growing market more easily, and will also result in accelerated implementation of innovations in materials, equipment and processes. The Li-ion industry might therefore experience accelerated technology consolidation and supply chain reshaping, as happened in the photovoltaic industry.

Yole Total li ion battery cell market

e-mobility provides opportunities for players already present in the battery industry, but also from other industries

Yole business opportunities li ion battery supply chain

There are numerous business opportunities within the Li-ion supply chain, from raw material mining to material preparation, cell component production, cell manufacturing, integration of battery cells into battery packs and final battery systems.

Rapidly growing demand for e-mobility applications will mean that access to and prices of raw materials will be the focus of leading battery players. The most critical materials are cobalt, lithium and graphite. Yole Développement’s report provides a focus on those materials and their main suppliers. It also gives insights into battery recycling as an additional source of raw materials and second-life batteries, which can help to reduce the need for manufacturing of new batteries, namely for stationary battery applications.

Yole Main li ion cell types

The Li-ion battery industry is refocusing from consumer applications to e-mobility, which needs different battery characteristics. One example is in the cathode material. LiCoO2 (LCO) is mainly used in consumer electronics and was the dominant Li-ion cell cathode material in the past. Today, the largest cathode material segment is LiNiMnCoO2 (NMC), which better matches the needs of the huge EV/HEV market, but also of most other applications, as shown in Figure 3. Therefore, material suppliers and cell makers today focus on NMC technology. The players with the necessary IP and know-how could rapidly increase their revenues by positioning themselves in this market early. Similar trends can be expected for separators, where the trend is toward ceramic separators providing better thermal stability, anodes and electrolytes.

Further innovations are needed both in battery cell and pack manufacturing. As shown in the report, material costs and equipment depreciation represent a large part of battery cell cost. New materials, equipment and processes are being introduced to the battery industry from chemical, microelectronics, power electronics and other industries, providing opportunities for the technology leaders well-established in those industries. Several players such as Manz, F&D Delvotec and Schunk Sonosystems have already developed specific tools for battery manufacturing.

Other players involved in wire bonding, ultrasonic welding, laser processing and other technologies will follow, by providing equipment and processes for high-speed, highly-automated battery cell and pack manufacturing.

 

The Li-ion supply chain will be significantly reshaped

As the dominant market segment, e-mobility will drive battery technology development and reshape the Li-ion battery supply chain. EV/HEVs are the main focus of both new entrants and established players, but there is growing interest in other applications, like electric bikes, buses and forklifts.

Many small players and newcomers are trying to minimize the competition they face by focusing on battery market segments that are non-mainstream or have very specific battery characteristic needs, as shown.

As new Li-ion battery markets mature, the supply chain will become increasingly vertically and horizontally integrated. The report analyses the different integration drivers and main trends in detail, and provides the examples of partnerships, mergers and acquisitions.

High cell material costs and the increasing pressure on the cell prices motivate some cell manufacturers to seek higher margins through vertical integration towards cell material manufacturing. Other companies are integrating vertically towards battery pack applications to offer complete product solutions.

Horizontal integration secures cell manufacturers sales in different markets, making their business less susceptible to growing competition.

EV/HEV players like BYD, Tesla, Daimler, BMW and Nissan have already entered the stationary battery storage market. BYD and Daimler are also focusing on other e-mobility applications such as e-buses and trucks.

As the stationary battery storage business matures we expect further vertical integration, as happened in the photovoltaic industry.

Yole new players battery 

Objectives of the Report

This report’s objectives are to:

  • Provide an overview of the rechargeable Li-ion battery market covering the three main application segments: consumer electronics, electric mobility and stationary energy storage.
  • Furnish market data for different Li-ion cell applications.
  • Offer deep insight into Li-ion chemistries, their future application potential and how their market share will evolve.
  • Present the main technology trends for Li-ion battery cell materials, formats, sizes and cell components.
  • Deliver a detailed overview of Li-ion battery supply chains, ranging from raw material supply, cell components, manufacturing and testing equipment, to applications.

 

Table of contents

Introduction 6


Report objectives                 7


Companies cited in this report 8


List of abbreviations                 9


Executive summary                10


Lithium-ion battery market            33


> Market forecast methodology
> Main Li-ion battery applications
> 2016 – 2022 Li-ion battery cell demand for consumer electronics (GWh)
> 2016 – 2022 Li-ion battery cell market value for consumer electronics ($M)
> 2016 – 2022 Li-ion battery cell demand for e-mobility (GWh)
> 2016 – 2022 Li-ion battery cell market value for e-mobility ($M)
> 2016 – 2022 Li-ion battery cell demand for stationary battery energy storage applications (GWh)
> 2016 – 2022 Total Li-ion battery cell demand (GWh)
> 2016 – 2022 Li-ion battery cell market value for stationary battery energy storage applications ($M)
> 2016 – 2022 Total Li-ion battery cell demand (GWh)
> 2016 – 2022 Total Li-ion battery cell market value ($M)

 

Li-ion battery cost                47


>  2016 – 2022 Evolution of battery cell average selling price
> Comparison of EV battery cell costs for different chemistries
> Li-ion battery cell cost breakdown
> Li-ion battery cell bill of materials

 

Li-ion battery applications            57


> Consumer electronics                
> Electric mobility
> Stationary battery energy storage    

            

Li-ion battery  cell technologies            80


> Comparative table of different Li-ion battery cells
> Comparative graph of energy densities of different Li-ion battery cells
> Which Li-ion battery type for which application?
> Growing interest in NMC battery cells
> Main Li-ion battery cell formats
> Battery cell format and cell cooling
> Li-ion cell energy capacity for different cell formats
> Battery pack voltage and energy capacity per application

 

Li-ion battery manufacturing and testing        98


> Li-ion battery manufacturing and testing        98
> Manufacturing process flow for Li-ion battery cells
> Manufacturing process flow for Li-ion battery packs
> Battery cell/module/pack characterization/testing steps

 

Raw material availability                105


> Potentially critical raw materials for Li-ion batteries: lithium, cobalt, graphite
> Factors influencing raw material impact on LIB market and supply chain

 

Second life battery and recycling            112



 

 

 

 

 

 

 

Technology trends in Li-ion batteries            123


> Main trends in Li-ion battery industry
> How smartphones drive the technology innovations in Li-ion batteries
> How EV/HEV drive the technology innovations in Li-ion batteries
> Technology trends - battery cell formats
> Technology trends – cell type
> Technology trends – cathode
> Application trends – cell type
> Cell cathode material share evolution
> Technology trends – anode
> Separator – overview
> Technology trends – separator
> Technology trends – electrolyte
> Solid state battery – new electrolyte type, no separator
> Global battery cell trends
> Global Li-ion battery cell trends
> Battery pack trends
> Why go to 800V battery pack voltage?
> Four main axes of Li-ion battery cell development

 

Li-ion battery supply chain, partnerships and business models    150


> Li-ion battery raw material suppliers – graphite
> Li-ion battery raw material suppliers – cobalt
> Li-ion battery raw material suppliers – lithium
> Li-ion battery component suppliers – anode
> Li-ion battery component suppliers – cathode
> Li-ion battery components suppliers – electrolyte
> LIB separator developers and manufacturers
> Market shares of the leading LIB separator suppliers
> Li-ion battery component suppliers – other
> Battery cell manufacturers
> Tentative market shares of the top ten Li-ion battery cell manufacturers
> Battery pack manufacturers
> Battery cell manufacturers, split per cell chemistry and cell format
> Li-ion battery manufacturing and testing equipment suppliers
> Companies involved in Li-ion battery recycling
> What are the origins of battery players and how did they evolve?
> Automotive players entering stationary battery electricity storage market
> Supply chain reshaping – focus on non-mainstream applications
> Li-ion battery supply chain relationships: from mining to cell
> Li-ion battery supply chain relationships: from cell to system
> Stationary battery applications supply chain overview
> EV/HEV Li-ion battery supply chain relationships
> Stationary Li-ion battery supply chain relationships
> Li-ion battery supply chain mergers and acquisitions: from mining to cell
> Li-ion battery supply chain mergers and acquisitions: from cell to system
> Synergies create new opportunities for partnerships and integration
> Synergies between EV/HEV and batteries
> Integration trends within the Li-ion battery value chain
> How to avoid to being squeezed between high input costs and low cell prices?

 

Conclusion                 198


 


 

Companies cited

 3M
 A123 Systems
 ABB
 Akasol
 Albermarle
 Asahi Kasei
 ATL
 Aoyu Graphite Group
 BASF
 Bitrode
 BMW
 BMZ
 Bosch
 BTR
 BYD
 CALB
 CATL
 China Baoan Group
 Daikin
 Daimler
 Digatron
 DNP
 Dongguan HONBRO Li-ion Battery Equipment Technology Co.
 Ltd.
 E-One Moli Energy
  Electrovaya
 F&K Delvotec
 Dow
 Dynapower
 FDK
 Festo
 FMC
 Freudenberg
 Focus Graphite
 Freeport-McMoran
 Furukawa Electric
 Glencore
 GS Yuasa
 Henan Kelong New Energy
 Hioki
 Hitachi
 Hitachi Chemical
 Huayou Cobalt
 IF
 Ingeteam
 JFE
 Johnson Matthey
 Kanto Denka Kogyo
 Kokam
 Kulicke & Soffa
 Leclanché
  LG Chem
 Lishen
 Litarion

 M+W
 Maison Graphite
 Maccor
 Manz
 Mitsubishi Chemical
 Mitsubishi Motors
 Mitsui Chemical
 Morita
 NEC Energy Solutions
 Nichia
 Nippon Carbon
 Nippon Chemical Corporation
 Nippon Denko
 Nissan
 Northern Graphite
 Panasonic
 Parker
 Red Fairy
 Saft
 Samsung SDI
 SEC Crabon
 Scud
 SGL Group
 SK
 Schneider Electric
 Schunk Sonosystems
 Showa Denko
 Senior
 SK Innovation
 SMA
 Sonnen
 SONY
 Sovema
 SQM
 Stella
 Sumitomo Chemical
 Sumitomo Metal Mining (SMM)
 Sungrow
 Sunstone
 Tanaka Chemical Corporation
 Targray
 Tektronix
 Tesla
 Toda Kogyo
 Toppan
 Toray
 Toshiba
 Total
 Toyota
 UACJ
 UBE
 Umicore
 Wanxiang
 and more…

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

KEY FEATURES OF THE REPORT

  • Detailed discussion about rechargeable Li-ion battery technology and market trends and how they will reshape the Li-ion battery supply chain
  • Li-ion cell market and market shares of main players in 2016
  • Market size in kWh and revenue forecast in $M for Li-ion cells for 2017-2022
  • Application and sector size breakdown in each of the three key markets: Consumer, electric mobility and stationary battery energy storage
  • Technology analysis, covering cell materials and pouch, cylindrical and prismatic formats
  • Detailed overview of Li-ion battery supply chains, ranging from raw material supply, cell components, manufacturing and testing equipment to applications
  • Business models, supply chain evolution and presentation of opportunities for existing players as well as for newcomers into the Li-ion battery market