The huge global market: 18650 battery pack assembly

In recent years, the growing popularity of small power markets such as electric tools, electric bicycles, electric motorcycles, electric forklifts, and AGV vehicles has brought new opportunities to 18650 battery pack assembly supporting enterprises.

The data shows that the compound growth rate of the total installed capacity of lithium batteries in the global power tool market in the past five years has exceeded 40%. In 2019 alone, the demand for lithium batteries in the global power tool market exceeded 12GWh. Among them, China's demand for lithium batteries for power tools exceeded 5GWh, a year-on-year increase of more than 50%.

Looking at the electric bicycle market, from the data of the past few years, the current annual growth (production) of electric bicycles in China is between 27 million and 30 million. At present, the electric charge of electric bicycles is generally between 0.5kWh-1.2kWh, while the electric charge of electric motorcycles can reach 4kWh. Based on the 1kWh charge capacity of an electric bicycle, if the penetration rate of lithium batteries in new electric bicycles reaches 50% in the future, the annual demand for lithium batteries will reach 13.5GWh-15GWh, and the market potential is huge.

With the development of technology, the demand for lithium batteries is also not underestimated in the increasingly popular fields of smart homes and mobile wearable devices.

18650 battery pack are increasingly popular in the small power market due to their small package size, flexible assembly into different battery packs, low cost and mature technology. Judging from the market situation in the past two years, the market share of 18650 battery pack has steadily increased in the fields of electric two-wheelers and power tools.

Intelligentization, light weight, fast charging, long battery life, long life, high cost performance, etc. are new development trends of electric bicycles, which also put forward higher requirements for battery performance.

With cordless power tools and gardening tools becoming a trend, smart home terminal devices are widely used, sharing convenience terminals, the popularization of short-distance green travel vehicles, and the lithium electrification of industrial, medical and military equipment are driving factors. The small power market has a high magnification and high energy 18650 battery pack are in great demand.

At this moment, all you have to do is to choose a professional 18650 battery pack assembly machine manufacturers and battery testing equipment suppliers to welcome the vast market of small power 18650 battery pack.