Lithium Iron Phosphate Battery Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2027

The global lithium iron phosphate battery market size was valued at USD 4.91 billion in 2019 and is expected to grow at a CAGR of 15% from 2021 to 2027. Growing demand for hybrid electric vehicles and electric vehicles with growing environment Concerns and high demands for lithium iron phosphate (LiFePO4) batteries in battery energy storage systems are driving the market. Therefore, increasing interest in energy storage technology is a major factor driving the market growth. The market is expected to witness significant growth over the next few years as a result of several factors, including an ever-growing population due to significant depletion of fossil fuel reserves. This, in turn, has changed the focus of many countries on renewable development.

Key Players

• BYD Company Ltd.
• A123 Systems LLC,
• K2 Energy
• Electric Vehicle Power System Technology Co., Ltd.
• Bharat Power Solutions
• OptimumNano Energy Co., Ltd.
• LiFeBATT, Inc.
• LITHIUMWERKS,
• CENS Energy Tech Co., Ltd.
• RELiON Batteries

Lithium Iron Phosphate Battery Market Segmentation

By Power Capacity

• 0–16,250 mAh
• 16,251–50,000 mAh
• 50,001–100,000 mAh
• 100,001–540,000 mAh

By Industry

• Automotive
• Power
• Industrial
• Others

By Application

• Portable
• Stationary

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Lithium Iron Phosphate Battery Market Report

• What was the Lithium Iron Phosphate Battery Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Lithium Iron Phosphate Battery Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Lithium Iron Phosphate Battery Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.