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1 Preview 1.1 Global LIB Market Share Status and Forecast for Major IT Applications Figure 1.1.1 Global LIB Market Share Status and Forecast for Major IT Applications [2011 ~ 2018(F)] HHP Notebook Tablet PowerTool 2011 2012 2013E 2014F 2015F 2016F 2017F 2018F 4
Figure 1.1.2 LIB Type Status and Forecast [2011 ~ 2018(F)] Pr Po Cy 2011 2012 2013E 2014F 2015F 2016F 2017F 2018F 5
Figure 1.3.2 Global IT LIB Utilization Status and Forecast [2012 3Q ~ 2013 4Q(E)] Cy Pr Po 3Q12 4Q12 1Q13(E) 2Q13(E) 3Q13(E) 4Q13(E) 2011 2012 2013(E) Table 1.3.2 Global IT LIB Utilization Status and Forecast [2012 3Q ~ 2013 4Q(E)] 3Q12 4Q12 1Q13(E) 2Q13(E) 3Q13(E) 4Q13(E) 2011 2012 2013(E) Cy 72.2% 73.5% Pr 76.2% 81.3% Po 86.3% 76.5% Total 77.0% 77.2% 9
1.4 Global White Box Market Status and Forecast for Tablet PC Figure 1.4.1 Global White Box Market Status and Forecast for Tablet PC [1Q 2013y ~ 4Q 2013y(E)] 2500 2000 1500 1000 500 Apple White Box SEC ASUS Amazone MS Etc (Unit : 10K) 0 1Q_13 2Q_13 3Q_13 4Q_13 - The shipment of LCD panel for tablet PC is expected to be 230 million units in 2013. 10
1.4 Global White Box Market Status and Forecast for Tablet PC Figure 1.4.2 Global White Box Market Status and Forecast for Tablet PC Smart phone Tablet PC LIB 1 st Grade market 2 nd Grade market 1 st Tier White box 2 nd Tier
1.4 Global White Box Market Status and Forecast for Tablet PC Figure 1.4.3 Global Tablet Status and White Box TFT-LCD Panel Spec. Low-end Mid-end High-end Price Range $50~100 $100~200 $200~300 Display size 7 ~9.7 7 ~10.1 8 ~11.6 Display mode TN/IPS TN/IPS IPS Resolution 800*480 800*600 1024*600 1024*768 LIB 1024*600 1024*768 1366*768 1280*800 Open cell LCM 1280*800 1920*1200 2048*1536 Agent White Box Tablet ODM/OEM Maker Brand
1.5 Impact of Tesla and Cylindrical Battery Market Forecast Figure 1.5.1 Cylindrical Battery Market Forecast [2011 ~ 2018E] Cy Po Pr Cylindrical Demand Plus 1,000 Mil Cell (Unit : Mil pcs) 2011 2012 2013E 2014F 2015F 2016F 2017F 2018F 2011 2012 2013E 2014F 2015F 2016F 2017F 2018F The demand of cylindrical battery was previously expected to decrease from 2014 but due to the following reasons the demand is to increase from *** hundred million cells to ** hundred million cells by 2015. 1) Additional demand of ***~*** million cells from Tesla (EV). 2) 30% growth expected in batteries for power tools (*** million cells in 2013 to *** million cells in 2015). Already reflected in the data. 3) Additional demand of 150 million cells in expected for New Application due to the growth of Power Bank and E-Bike.
1.5 Impact of Tesla and Cylindrical Battery Market Forecast Figure 1.5.2 Cylindrical Battery Demand Forecast of Tesla [2012 ~ 2015E] - Optimistic Forecast 1800 1600 1400 1200 1000 800 600 400 200 1.3% Total_Cy NB PT New App EV(Tesla) EV_Ratio 53.0% 10.9% 25.6% (Unit : Mil pcs) 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0 2012 2013E 2014E 2015E 0.0% (Source : Industry Data & SNE Research)
Figure 1.5.5 Sales Forecast by Tesla s Model and Battery Supplier Status [2012 ~ 2015E]_Conservative Forecast Panasonioc 2nd Vender Total Tesla Roadster Tesla Model S Tesla Model X (Unit : Mil pcs) 2012y 2013y 2014y 2015y 2012y 2013y 2014y 2015y
2. Global LIB Market Status and Forecast (2011 ~ 2018F) 2.1 Global LIB Market Status and Forecast 2.2 Global LIB Market Status and Forecast for IT Application 30
2.1 Global LIB Market Status and Forecast 2.1.1 Global LIB Market Status and Forecast Figure 2.1.1.1 Global LIB Market Status and Forecast (2011y ~ 2018F) Sale Amount ESS xev IT (Unit : Mil USD) 2011 2012 2013E 2014F 2015F 2016F 2017F 2018F (Unit : Mil USD) 2011 2012 2013E 2014F 2015F 2016F 2017F 2018F CAGR IT Mil US$ 10,479 xev Mil US$ 1,127 ESS Mil US$ 184 Table 2.1.1.1 Global LIB Market Status and Forecast (2011 ~ 2018F) Sale Amount 31
Figure 2.1.1.2 Global LIB Market Status and Forecast (2011 ~ 2018F) Sale Proportion ESS xev IT 2011 2012 2013E 2014F 2015F 2016F 2017F 2018F Table 2.1.1.2 Global LIB Market Status and Forecast (2011 ~ 2018F) Sale Proportion IT 88.9% xev 9.6% ESS 1.6% 2011 2012 2013E 2014F 2015F 2016F 2017F 2018F (Unit : %) (Unit : %) 32
Figure 2.1.1.3 Global LIB Market Status and Forecast (2011 ~ 2018F) Volume Amount ESS xev IT 2011 2012 2013E 2014F 2015F 2016F 2017F 2018F Table 2.1.1.3 Global LIB Market Status and Forecast (2011 ~ 2016) Volume Amount IT MWh 29,132 xev MWh 1,409 ESS MWh 230 Total MWh 30,771 2011 2012 2013E 2014F 2015F 2016F 2017F 2018F CAGR (Unit : MWh) (Unit : MWh) 33
Figure 2.1.1.4 Global LIB Market Status and Forecast (2011 ~ 2018F) Volume Proportion ESS xev IT 4.6% 0.7% 0.8% 2.2% 2.4% 3.4% 4.0% 8.1% 4.5% 5.0% 10.7% 13.1% 16.3% 21.3% 26.4% 32.0% 94.7% 91.1% 87.1% 84.4% 80.3% 74.7% 69.1% 63.0% 2011 2012 2013E 2014F 2015F 2016F 2017F 2018F Table 2.1.1.4 Global LIB Market Status and Forecast (2011 ~ 2016) Volume Proportion (Unit : %) (Unit : %) 2011 2012 2013E 2014F 2015F 2016F 2017F 2018F IT % 94.7% 91.1% 87.1% 84.4% 80.3% 74.7% 69.1% 63.0% xev % 4.6% 8.1% 10.7% 13.1% 16.3% 21.3% 26.4% 32.0% ESS % 0.7% 0.8% 2.2% 2.4% 3.4% 4.0% 4.5% 5.0% 34
3. LIB Supply Status by Application and Customer 3.1 SDI 3.2 LG Chemical 3.3 Panasonic 3.4 Sony 3.5 Maxell 3.6 ATL 3.7 BAK 3.8 BYD 3.9 LISHEN 42
3. LIB Supply Status for IT Application by Company (Unit : Mil Cell) SDI LGC Panasonic Sony Maxell ATL BAK BYD Lishen Coslight China Others 1Q 2013 2Q 2013 3Q 2013 4Q 2013(E) 43
3. Global LIB Supply Status for IT Application by Company 1Q 2013 2Q 2013 3Q 2013 4Q 2013(E) China Others Coslight Lishen BYD BAK ATL Maxell Sony Panasonic LGC Table 3.1 Global LIB Supply Status for IT Application by Company 1Q 2013 2Q 2013 3Q 2013 4Q 2013(E) Total M/S 1Q 2013 2Q 2013 3Q 2013 4Q 2013(E) (Unit : Mil Cell) China Others Coslight Lishen BYD BAK ATL Maxell Sony Panasonic SDI LGC SDI SDI LGC Pana Sony Maxell ATL BAK BYD Lishen Coslight China Others Total 44
4. Four Major Taiwan Packers SCM Status 4.1 SIMPLO 4.2 DYNAPACK 4.3 CELXPERT 4.4 STL Technology 91
5.1 Cylindrical 18650 LIB Price Status Figure 5.1.1 Cylindrical 18650 LIB Price Status [2011_1Q ~ 2013_4Q(E)] 2.2Ah 2.8Ah 3.0Ah Table 5.1.1 Cylindrical 18650 LIB Price Status [2011_1Q ~ 2013_4Q(E)] (Unit : USD/Celll) 11_1Q 11_2Q 11_3Q 11_4Q 12_1Q 12_2Q 12_3Q 12_4Q 13_1Q 13_2Q(E) 13_3Q(E) 13_4Q(E) (Unit : USD/Celll) 11_1Q 11_2Q 11_3Q 11_4Q 12_1Q 12_2Q 12_3Q 12_4Q 13_1Q 13_2Q 13_3Q 13_4Q(E) 2.2Ah 1.6 2.8Ah 2.75 3.0Ah 3.55 98