Lithium Iron Phosphate Battery

Lithium Iron Phosphate Battery Market Size to Exceed US$ 52.7 Billion by 2030 | Says Precedence Research

According to Precedence Research, during the forecast period of 2022 to 2030, the global lithium iron phosphate battery market is estimated to develop at a compound annual growth rate (CAGR) of 19.7%. The global lithium iron phosphate battery market was valued at USD 10.45 billion in 2021, and it is predicted to exceed USD 52.7 billion by 2030. The study investigates several elements and their consequences on the growth of the lithium iron phosphate battery market.

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This report focuses on lithium iron phosphate battery market volume and value at the global level, regional level and company level. From a global perspective, this report represents overall lithium iron phosphate battery market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Middle East & Africa, Latin America, etc.

The research report includes specific segments by region (country), by company, by all segments. This study provides information about the growth and revenue during the historic and forecasted period of 2017 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Report Scope of the Lithium Iron Phosphate Battery Market

Report Coverage Details
Market Size in 2022 USD 12.51 Billion
Market Size by 2030 USD 52.7 Billion
Growth Rate from 2022 to 2030 CAGR of 19.7%
Base Year 2021
Forecast Period 2022 to 2030
Segments Covered Type, Capacity, End User, Application, Voltage and Geography

In-Depth Analysis on Competitive Landscape

The report sheds light on leading manufacturers of lithium iron phosphate battery, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of lithium iron phosphate battery has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolio, key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting market status and predicting the competition level in the lithium iron phosphate battery market.

Some of the prominent players in the lithium iron phosphate battery market include:

  • A123 Systems LLC (US),
  • ASPILSAN Energy
  • BAK Group
  • Benergy Tech Co. Ltd (Hong Kong)
  • Bestgo Power Co., Ltd.
  • Bharat Power Solutions (India)
  • Britishvolt (U.K.)
  • BSLBATT (China)
  • BYD Company Ltd. (China)
  • Clayton Power
  • Contemporary Amperex Technology Co. Ltd (CATL) (China)
  • Electric Vehicle Power System Technology Co., Ltd (China)
  • Enerdel, Inc.
  • Enersys
  • Epec, LLC. (US)
  • EverExceed Industrial Co., Ltd (China)
  • excell
  • Future Hi-Tech Batteries
  • Greensun Solar Energy Tech Co. Limited (China)
  • K2 Energy (US)
  • Karacus Energy Pvt. Ltd. (India)
  • KAYO Battery (Shenzhen)Company Limited (China),
  • Kokam
  • LG Chem
  • Lithium Werks (Netherlands)
  • Morrow batteries (Norway)
  • Nexeon Limited
  • OptimumNano Energy Co., Ltd. (China)
  • Power-Sonic Corporation (U.S.)
  • RELiON Batteries (US)
  • Saft Groupe S.A.
  • SAMSUNG SDI CO.LTD.
  • Shenzhen Cyclen Technology Co., Ltd (China)
  • Shenzhen Eastar Battery Co., Ltd (China)
  • Triathlon Batteries Solutions, Inc.
  • TWS
  • Ultralife Corporation
  • Victron Energy (Netherlands)

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Segments Covered in the Report

By Type

  • Lithium Cobalt Oxide (LCO)
  • Lithium Iron Phosphate (LFP)
  • Lithium Nickel Manganese Cobalt (LI-NMC)
  • Lithium Titanate Oxide (LTO)
  • Others

By Capacity

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

By End User

  • Automotive
  • Power
  • Industrial
  • Aerospace
  • Marine
  • Others

By Application

  • Portable
  • Stationary

By Voltage

  • Low (below 12V)
  • Medium (12V–36V)
  • High (above 36V)

Regional Segmentation

  • Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
  • Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
  • North America [United States, Canada, Mexico]
  • South America [Brazil, Argentina, Columbia, Chile, Peru]
  • Middle East & Africa [GCC, North Africa, South Africa]

Some of the important ones are:

  • What can be the best investment choices for venturing into new product and service lines?
  • What value propositions should businesses aim at while making new research and development funding?
  • Which regulations will be most helpful for stakeholders to boost their supply chain network?
  • Which regions might see the demand maturing in certain segments in near future?
  • What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
  • Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
  • Which government regulations might challenge the status of key regional markets?
  • How will the emerging political and economic scenario affect opportunities in key growth areas?
  • What are some of the value-grab opportunities in various segments?
  • What will be the barrier to entry for new players in the market?

Table of Contents

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Lithium Iron Phosphate Battery Market 

5.1. COVID-19 Landscape: Lithium Iron Phosphate Battery Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Lithium Iron Phosphate Battery Market, By Type

8.1. Lithium Iron Phosphate Battery Market, by Type, 2022-2030

8.1.1. Lithium Cobalt Oxide (LCO)

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Lithium Iron Phosphate (LFP)

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Lithium Nickel Manganese Cobalt (LI-NMC)

8.1.3.1. Market Revenue and Forecast (2017-2030)

8.1.4. Lithium Titanate Oxide (LTO)

8.1.4.1. Market Revenue and Forecast (2017-2030)

8.1.5. Others

8.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Lithium Iron Phosphate Battery Market, By Capacity

9.1. Lithium Iron Phosphate Battery Market, by Capacity, 2022-2030

9.1.1. 0–16,250 mAh

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. 16,251–50,000 mAh

9.1.2.1. Market Revenue and Forecast (2017-2030)

9.1.3. 50,001–100,000 mAh

9.1.3.1. Market Revenue and Forecast (2017-2030)

9.1.4. 100,001–540,000 mAh

9.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Lithium Iron Phosphate Battery Market, By End User 

10.1. Lithium Iron Phosphate Battery Market, by End User, 2022-2030

10.1.1. Automotive

10.1.1.1. Market Revenue and Forecast (2017-2030)

10.1.2. Power

10.1.2.1. Market Revenue and Forecast (2017-2030)

10.1.3. Industrial

10.1.3.1. Market Revenue and Forecast (2017-2030)

10.1.4. Aerospace

10.1.4.1. Market Revenue and Forecast (2017-2030)

10.1.5. Marine

10.1.5.1. Market Revenue and Forecast (2017-2030)

10.1.6. Others

10.1.6.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Lithium Iron Phosphate Battery Market, By Application

11.1. Lithium Iron Phosphate Battery Market, by Application, 2022-2030

11.1.1. Portable

11.1.1.1. Market Revenue and Forecast (2017-2030)

11.1.2. Stationary

11.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 12. Global Lithium Iron Phosphate Battery Market, By Voltage

12.1. Lithium Iron Phosphate Battery Market, by Voltage, 2022-2030

12.1.1. Low (below 12V)

12.1.1.1. Market Revenue and Forecast (2017-2030)

12.1.2. Medium (12V–36V)

12.1.2.1. Market Revenue and Forecast (2017-2030)

12.1.3. High (above 36V)

12.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 13. Global Lithium Iron Phosphate Battery Market, Regional Estimates and Trend Forecast

13.1. North America

13.1.1. Market Revenue and Forecast, by Type (2017-2030)

13.1.2. Market Revenue and Forecast, by Capacity (2017-2030)

13.1.3. Market Revenue and Forecast, by End User (2017-2030)

13.1.4. Market Revenue and Forecast, by Application (2017-2030)

13.1.5. Market Revenue and Forecast, by Voltage (2017-2030)

13.1.6. U.S.

13.1.6.1. Market Revenue and Forecast, by Type (2017-2030)

13.1.6.2. Market Revenue and Forecast, by Capacity (2017-2030)

13.1.6.3. Market Revenue and Forecast, by End User (2017-2030)

13.1.6.4. Market Revenue and Forecast, by Application (2017-2030)

13.1.6.5. Market Revenue and Forecast, by Voltage (2017-2030)

13.1.7. Rest of North America

13.1.7.1. Market Revenue and Forecast, by Type (2017-2030)

13.1.7.2. Market Revenue and Forecast, by Capacity (2017-2030)

13.1.7.3. Market Revenue and Forecast, by End User (2017-2030)

13.1.7.4. Market Revenue and Forecast, by Application (2017-2030)

13.1.7.5. Market Revenue and Forecast, by Voltage (2017-2030)

13.2. Europe

13.2.1. Market Revenue and Forecast, by Type (2017-2030)

13.2.2. Market Revenue and Forecast, by Capacity (2017-2030)

13.2.3. Market Revenue and Forecast, by End User (2017-2030)

13.2.4. Market Revenue and Forecast, by Application (2017-2030)

13.2.5. Market Revenue and Forecast, by Voltage (2017-2030)

13.2.6. UK

13.2.6.1. Market Revenue and Forecast, by Type (2017-2030)

13.2.6.2. Market Revenue and Forecast, by Capacity (2017-2030)

13.2.6.3. Market Revenue and Forecast, by End User (2017-2030)

13.2.7. Market Revenue and Forecast, by Application (2017-2030)

13.2.8. Market Revenue and Forecast, by Voltage (2017-2030)

13.2.9. Germany

13.2.9.1. Market Revenue and Forecast, by Type (2017-2030)

13.2.9.2. Market Revenue and Forecast, by Capacity (2017-2030)

13.2.9.3. Market Revenue and Forecast, by End User (2017-2030)

13.2.10. Market Revenue and Forecast, by Application (2017-2030)

13.2.11. Market Revenue and Forecast, by Voltage (2017-2030)

13.2.12. France

13.2.12.1. Market Revenue and Forecast, by Type (2017-2030)

13.2.12.2. Market Revenue and Forecast, by Capacity (2017-2030)

13.2.12.3. Market Revenue and Forecast, by End User (2017-2030)

13.2.12.4. Market Revenue and Forecast, by Application (2017-2030)

13.2.13. Market Revenue and Forecast, by Voltage (2017-2030)

13.2.14. Rest of Europe

13.2.14.1. Market Revenue and Forecast, by Type (2017-2030)

13.2.14.2. Market Revenue and Forecast, by Capacity (2017-2030)

13.2.14.3. Market Revenue and Forecast, by End User (2017-2030)

13.2.14.4. Market Revenue and Forecast, by Application (2017-2030)

13.2.15. Market Revenue and Forecast, by Voltage (2017-2030)

13.3. APAC

13.3.1. Market Revenue and Forecast, by Type (2017-2030)

13.3.2. Market Revenue and Forecast, by Capacity (2017-2030)

13.3.3. Market Revenue and Forecast, by End User (2017-2030)

13.3.4. Market Revenue and Forecast, by Application (2017-2030)

13.3.5. Market Revenue and Forecast, by Voltage (2017-2030)

13.3.6. India

13.3.6.1. Market Revenue and Forecast, by Type (2017-2030)

13.3.6.2. Market Revenue and Forecast, by Capacity (2017-2030)

13.3.6.3. Market Revenue and Forecast, by End User (2017-2030)

13.3.6.4. Market Revenue and Forecast, by Application (2017-2030)

13.3.7. Market Revenue and Forecast, by Voltage (2017-2030)

13.3.8. China

13.3.8.1. Market Revenue and Forecast, by Type (2017-2030)

13.3.8.2. Market Revenue and Forecast, by Capacity (2017-2030)

13.3.8.3. Market Revenue and Forecast, by End User (2017-2030)

13.3.8.4. Market Revenue and Forecast, by Application (2017-2030)

13.3.9. Market Revenue and Forecast, by Voltage (2017-2030)

13.3.10. Japan

13.3.10.1. Market Revenue and Forecast, by Type (2017-2030)

13.3.10.2. Market Revenue and Forecast, by Capacity (2017-2030)

13.3.10.3. Market Revenue and Forecast, by End User (2017-2030)

13.3.10.4. Market Revenue and Forecast, by Application (2017-2030)

13.3.10.5. Market Revenue and Forecast, by Voltage (2017-2030)

13.3.11. Rest of APAC

13.3.11.1. Market Revenue and Forecast, by Type (2017-2030)

13.3.11.2. Market Revenue and Forecast, by Capacity (2017-2030)

13.3.11.3. Market Revenue and Forecast, by End User (2017-2030)

13.3.11.4. Market Revenue and Forecast, by Application (2017-2030)

13.3.11.5. Market Revenue and Forecast, by Voltage (2017-2030)

13.4. MEA

13.4.1. Market Revenue and Forecast, by Type (2017-2030)

13.4.2. Market Revenue and Forecast, by Capacity (2017-2030)

13.4.3. Market Revenue and Forecast, by End User (2017-2030)

13.4.4. Market Revenue and Forecast, by Application (2017-2030)

13.4.5. Market Revenue and Forecast, by Voltage (2017-2030)

13.4.6. GCC

13.4.6.1. Market Revenue and Forecast, by Type (2017-2030)

13.4.6.2. Market Revenue and Forecast, by Capacity (2017-2030)

13.4.6.3. Market Revenue and Forecast, by End User (2017-2030)

13.4.6.4. Market Revenue and Forecast, by Application (2017-2030)

13.4.7. Market Revenue and Forecast, by Voltage (2017-2030)

13.4.8. North Africa

13.4.8.1. Market Revenue and Forecast, by Type (2017-2030)

13.4.8.2. Market Revenue and Forecast, by Capacity (2017-2030)

13.4.8.3. Market Revenue and Forecast, by End User (2017-2030)

13.4.8.4. Market Revenue and Forecast, by Application (2017-2030)

13.4.9. Market Revenue and Forecast, by Voltage (2017-2030)

13.4.10. South Africa

13.4.10.1. Market Revenue and Forecast, by Type (2017-2030)

13.4.10.2. Market Revenue and Forecast, by Capacity (2017-2030)

13.4.10.3. Market Revenue and Forecast, by End User (2017-2030)

13.4.10.4. Market Revenue and Forecast, by Application (2017-2030)

13.4.10.5. Market Revenue and Forecast, by Voltage (2017-2030)

13.4.11. Rest of MEA

13.4.11.1. Market Revenue and Forecast, by Type (2017-2030)

13.4.11.2. Market Revenue and Forecast, by Capacity (2017-2030)

13.4.11.3. Market Revenue and Forecast, by End User (2017-2030)

13.4.11.4. Market Revenue and Forecast, by Application (2017-2030)

13.4.11.5. Market Revenue and Forecast, by Voltage (2017-2030)

13.5. Latin America

13.5.1. Market Revenue and Forecast, by Type (2017-2030)

13.5.2. Market Revenue and Forecast, by Capacity (2017-2030)

13.5.3. Market Revenue and Forecast, by End User (2017-2030)

13.5.4. Market Revenue and Forecast, by Application (2017-2030)

13.5.5. Market Revenue and Forecast, by Voltage (2017-2030)

13.5.6. Brazil

13.5.6.1. Market Revenue and Forecast, by Type (2017-2030)

13.5.6.2. Market Revenue and Forecast, by Capacity (2017-2030)

13.5.6.3. Market Revenue and Forecast, by End User (2017-2030)

13.5.6.4. Market Revenue and Forecast, by Application (2017-2030)

13.5.7. Market Revenue and Forecast, by Voltage (2017-2030)

13.5.8. Rest of LATAM

13.5.8.1. Market Revenue and Forecast, by Type (2017-2030)

13.5.8.2. Market Revenue and Forecast, by Capacity (2017-2030)

13.5.8.3. Market Revenue and Forecast, by End User (2017-2030)

13.5.8.4. Market Revenue and Forecast, by Application (2017-2030)

13.5.8.5. Market Revenue and Forecast, by Voltage (2017-2030)

Chapter 14. Company Profiles

14.1. A123 Systems LLC (US)

14.1.1. Company Overview

14.1.2. Product Offerings

14.1.3. Financial Performance

14.1.4. Recent Initiatives

14.2. ASPILSAN Energy

14.2.1. Company Overview

14.2.2. Product Offerings

14.2.3. Financial Performance

14.2.4. Recent Initiatives

14.3. BAK Group

14.3.1. Company Overview

14.3.2. Product Offerings

14.3.3. Financial Performance

14.3.4. Recent Initiatives

14.4. Benergy Tech Co. Ltd (Hong Kong)

14.4.1. Company Overview

14.4.2. Product Offerings

14.4.3. Financial Performance

14.4.4. Recent Initiatives

14.5. Bestgo Power Co., Ltd.

14.5.1. Company Overview

14.5.2. Product Offerings

14.5.3. Financial Performance

14.5.4. Recent Initiatives

14.6. Bharat Power Solutions (India)

14.6.1. Company Overview

14.6.2. Product Offerings

14.6.3. Financial Performance

14.6.4. Recent Initiatives

14.7. Britishvolt (U.K.)

14.7.1. Company Overview

14.7.2. Product Offerings

14.7.3. Financial Performance

14.7.4. Recent Initiatives

14.8. BSLBATT (China)

14.8.1. Company Overview

14.8.2. Product Offerings

14.8.3. Financial Performance

14.8.4. Recent Initiatives

14.9. BYD Company Ltd. (China)

14.9.1. Company Overview

14.9.2. Product Offerings

14.9.3. Financial Performance

14.9.4. Recent Initiatives

14.10. Clayton Power

14.10.1. Company Overview

14.10.2. Product Offerings

14.10.3. Financial Performance

14.10.4. Recent Initiatives

Chapter 15. Research Methodology

15.1. Primary Research

15.2. Secondary Research

15.3. Assumptions

Chapter 16. Appendix

16.1. About Us

16.2. Glossary of Terms

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