TF Securities(SH:601162) 智通财经网·2025-10-15 01:45Core Viewpoint - The lithium battery industry is experiencing sustained growth in shipment volumes, with long-term growth potential remaining robust. The lithium equipment sector is expected to recover and reach an order peak in 2025/2026, driven by a global innovation cycle and significant domestic investment in solid-state batteries exceeding 10 billion [1][2]. Group 1: Lithium Battery Shipment Growth - Global power battery shipments are projected to reach 1285 GWh by 2025, while energy storage battery shipments are expected to hit 481 GWh. By 2030, the combined global power and storage battery capacity could reach 5154 GWh, approximately three times that of 2025, with power batteries expected to reach 3754 GWh and storage batteries 1400 GWh [1][2]. Group 2: Lithium Equipment Industry Recovery - The global lithium equipment industry is forecasted to grow to 49.7 billion yuan in 2025, 81 billion yuan in 2026, and 83.2 billion yuan in 2027, representing year-on-year growth of 12%, 63%, and 3% respectively. The compound annual growth rate (CAGR) from 2025 to 2027 is expected to be 29%, with a long-term CAGR of 13% from 2025 to 2030 [2]. Group 3: Solid-State Battery Innovation Cycle - The global innovation cycle is expected to accelerate the development of solid-state batteries, with over 10 billion yuan planned for investment in China. Solid-state batteries are anticipated to transition from samples to trial production lines starting in 2024, with mass production expected to begin in 2027 [3][4]. Group 4: Production Process Changes - Significant changes are occurring in the production processes, transitioning from wet to dry electrode methods and solid-state technologies. The high-value solid-state battery equipment is expected to enhance the overall scale of lithium equipment, with projections indicating substantial market growth driven by solid-state technology [4]. Group 5: Differentiated Development of Lithium Equipment Companies - Lithium equipment companies are evolving through various development strategies, including cross-industry expansion, platform development, and product category expansion. Companies are diversifying their offerings beyond traditional lithium battery equipment to include related technologies and solutions [5][6].