自2019年起，我国新能源动力电池逐步迈入规模化的退役浪潮中，2020年动力电池回收将成业界焦点。2020年动力电池将进入规模化退役，约有20万吨电池面临退役，而到2025年，退役电池预计达到78万吨。

Wind turbines are beginning to be used for electrical generation, having previously been used for various other applications, such as sailing, agriculture, and grinding. From an emerging power source, 20 years ago, wind turbine technology has been transformed into a commercial electricity-generating technology in more than 80 countries. While the world has been harvesting energy from wind for several decades, the growing environmental concerns in the last few years have driven the deployment of renewables, globally. The usage of wind power has reached a point where it has become a noticeable contributor to the world’s energy mix. The exponential growth in the wind energy market is supported by depleting fossil fuel reserves, declining cost of wind power generation, growing sensitivity toward environmental issues, and suppor t from various governments around the world, through financial incentives.

Agricultural equipment offer assistance in various farming activities such as tilling, sowing, harvesting, and irrigation. The deployment of agricultural equipment offers high productivity gains in relatively lower operational time and cost. The report on the global agriculture equipment market presents a detailed analysis of the trends, future estimations, and thorough study of the market depending on type, automation type, business type, and regions. The report segments the market on the basis of type into tractors, harvesters, soil preparation & cultivation, irrigation & crop processing, agriculture spraying equipment, hay & forage machines, and other agriculture equipment. By automation, the global agricultural equipment market is categorized into manual, semi-automatic, and automatic equipment. Considering business, it is classified into original equipment manufacturers (OEMs) and aftersales.

全球电动化正迈入供给端优质车型加速期，电动车未来2年增长全球较为乐观。LG 动力电池几乎是所有主流车企的核心供应商，海外客户市场份额约40%+。受益于欧洲电动化加速以及国产特斯拉放量，电池材料以及设备领域选择LG 为首的全球一线电池厂供应链。持续推荐：恩捷股份、璞泰来、赢合科技、先导智能、新宙邦、当升科技等。

主线一：受益行业景气回升的产业链龙头--通威股份，福莱特，阳光电源，晶澳科技，隆基股份；主线二：受益大尺寸及异质结新技术提速--东方日升。

我们建议重点关注热管理系统（如三花智控、银轮股份）、继电器（如宏发股份），其次建议关注电机电控（如汇川技术、卧龙电驱）、IGBT（如比亚迪、斯达半导）。