China's lithium electric energy storage market is nearing a critical point and will grow rapidly in 2018
According to the research of LITHIUM Battery Research Institute, the output of lithium battery energy storage market in 2017 is about 3.5GWh, with a year-on-year growth of 13%. Its output value reached 5.5 billion yuan, up 7% year on year. However, the industrial tipping point of the lithium battery energy storage market is approaching. 2018 will be the beginning of the rapid development of China's energy storage industry.
China's lithium electric energy storage market is nearing a critical point and will grow rapidly in 2018
Although the energy storage market has a promising future, it is currently limited by energy storage policies, lithium battery prices, electricity and other factors. Lithium battery energy storage has not been applied on a large scale, is still in gestation period, and its volume and growth rate are still relatively small. It is mainly used in communication base station, user side peak load shifting, off-grid power station, micro-grid, rail transit, UPS, etc. Some of them are also exported to Europe, Australia and other markets, mainly used in home energy storage, power grid energy storage and other projects.
It is reported that China's lithium electric energy storage market is mainly driven by: first, the introduction of energy storage guidelines, accelerate the energy storage industry from demonstration to commercial application; Second, the development of power batteries drives the synchronous development of energy storage batteries; Third, battery energy storage gradually quantifies the performance requirements such as safety, life and efficiency, and further clarifies the product r&d and production plans of energy storage battery enterprises. Fourth, the energy revolution promotes the establishment of the energy Internet. Energy storage is the key supporting technology of the energy Internet.
