GGII: It is expected that the market size of lithium battery pulping system in China will surpass 6 billion RMB by 2027.

Research data from the Global Energy and Research Institute (GGII) shows that the market size of lithium battery pulping systems in China in 2024 (calculated by revenue) is about 4.7 billion yuan, a decrease of more than 15% year-on-year. The main reason for the decline is the overall slowing down of the pace of expansion in the lithium battery industry in 2024. Looking ahead, with the continuous growth of the new energy vehicle and energy storage markets, it is expected that by 2027, the market size of lithium battery pulping systems in China will exceed 6 billion yuan. The main drivers of growth include: 1) Domestic pulping equipment companies accelerating their "going global" pace, with continuous expansion of exports; 2) It is expected that by 2027, the enthusiasm for expanding production in the Chinese lithium battery industry will gradually recover, with new production capacity expected to exceed 350GWh, thereby driving the continuous demand growth for pulping system equipment. Analysis and forecast of the market size of lithium battery pulping systems in China from 2023 to 2027 (billions of yuan) Note: 1) Data is based on revenue; 2) Lithium battery pulping systems include feeding systems, pulping machines, pulping post-processing systems, etc., and do not include processing systems for positive and negative electrode materials; 3) Data includes overseas business revenue of Chinese pulping equipment; the same below. In 2024, the lithium battery pulping process presents the following trend characteristics: 1) Currently, the pulping equipment field presents a pattern of multiple technological routes in parallel, with the penetration rate of recycling efficient pulping systems continuing to increase. The double planetary pulping system, with its strong stability, adaptability, long-term process accumulation, and extensive market validation, is still the mainstream choice at present. However, its efficiency and energy consumption issues have become important directions for continuous optimization in the industry. The circular pulping system has characteristics such as high efficiency and low energy consumption. It has gradually expanded its application in leading lithium battery companies, becoming one of the key technological directions to improve pulping efficiency. Although the twin screw pulping system has been attempted in some specific scenarios, it still needs further technological iteration due to incomplete satisfaction of commercial requirements in foreign object control and system stability. From the perspective of the development of pulping technology, due to the limitations of application scenarios, different types of pulping materials, and different pulping volumes, equipment such as double planetary, circular, and twin screw all have certain market application space. It is difficult for a single product to completely replace other products, and more tends to develop in parallel with multiple technological routes. Percentage analysis of various technological routes of lithium battery pulping systems in China from 2021 to 2024 (% revenue basis) 2) Industry concentration further increases, leading companies accelerate volume production, driving the continuous increase in market share of top equipment manufacturers. In 2024, the new production capacity of the lithium battery industry is mainly led by leading manufacturers, driving their concentrated procurement of high-quality pulping equipment, further strengthening the competitive barriers of leading equipment companies. Among them, Ric Intelligent secures the top position in the lithium battery pulping system market in 2024, with a market share of over 40%; Shangshui Intelligent, relying on its technical accumulation and market first-mover advantage in the circular efficient pulping system, has jumped to third place in the industry, ranking first in the sub-market of circular efficient pulping. Competitive landscape of the lithium battery pulping system market in China in 2024 (%) Looking at the downstream application trends, the core development direction of lithium battery pulping systems is to assist companies in achieving cost reduction and efficiency improvement while ensuring product quality stability. Specifically, the promotion of pulping equipment for optimizing lithium battery manufacturing costs mainly focuses on the following three aspects: First, improve quality, increase efficiency and reduce costs. By improving production efficiency, reducing pulping time, and ensuring that the slurry remains uniformly dispersed within the specified time, maintaining the stability of the slurry itself and preventing stratification, the overall manufacturing costs are reduced. Second, support the stable preparation of high solid content pulping materials. High solid content pulping materials not only help improve the energy density of the electrodes but also effectively reduce the energy consumption of the later-stage drying, which is an important path to achieve energy consumption optimization. Third, promote the intelligent and unmanned upgrading of pulping systems. By implementing automation control and intelligent management, it can reduce labor costs, improve production yield, enhance overall system operation stability and production flexibility, further assisting in improving the efficiency and quality assurance of lithium battery manufacturing.