Investment Rating - The report does not explicitly provide an investment rating for the mobile energy storage battery industry. Core Insights - The mobile energy storage battery technology is diversifying, with lithium batteries remaining dominant while sodium-ion and solid-state batteries are emerging [2][3] - The integration of AI-driven Battery Management Systems (AI-BMS) and high-capacity fast charging technologies is accelerating the upgrade of mobile energy storage devices towards intelligence, high endurance, and efficiency [3] - The market for mobile energy storage batteries is rapidly expanding, driven by outdoor economy trends, energy structure transformation, and technological advancements [23][25] Industry Overview - Mobile energy storage batteries are portable power solutions widely used in outdoor activities, emergency preparedness, and lightweight power supply scenarios [9][10] - The main types of mobile energy storage batteries include ternary lithium, lithium iron phosphate, lithium polymer, lead-acid, and sodium-ion batteries, each suited for different applications [15][16] - The market for energy storage batteries in China is projected to grow significantly, with lithium iron phosphate batteries expected to dominate due to their safety and cost advantages [19][21] Market Size - From 2020 to 2024, the Chinese energy storage battery market is expected to grow from 18.9 billion to 134.7 billion RMB, with a compound annual growth rate (CAGR) of 63.4% [21] - By 2029, the market size is projected to reach 847.1 billion RMB, driven by strong policy support and the rapid development of renewable energy [21][25] - The global mobile energy storage battery market is also expanding, with China's products accounting for over 90% of global shipments [25] Cost Analysis - The battery pack constitutes 67% of the total cost of electrochemical energy storage systems, with cathode materials accounting for about 40% of lithium battery material costs [30][31] - The decline in lithium carbonate prices is contributing to the reduction of energy storage cell costs, facilitating the optimization and industrialization of energy storage systems [31][34] Industry Insights - The lithium battery industry in China is characterized by regional clustering and optimization of technology routes, with lithium iron phosphate batteries continuing to replace ternary lithium batteries [36] - Solid-state batteries are emerging as a mainstream technology due to their high safety and energy density, although practical applications are still in the early stages [38][44] Application Scenarios - The application scenarios for mobile energy storage batteries are increasingly diverse, with outdoor leisure and emergency backup being core demands [46][49] - The outdoor activities segment accounts for 39% of the market, while emergency backup power represents 32% [49]