Latest research report on “Lithium Iron Phosphate Batteries Market Research Report” now available at high quality database of ReportsnReports.com with market size, share, trends, competitive and statistical analysis. An exclusive data offered in this report is collected by research and industry experts team.
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The Lithium Iron Phosphate Batteries Market is projected to reach US$ 10.6 Billion by 2024 from an estimated US$ 8.3 Billion in 2019, at a CAGR of 5.0% during the forecast period. This report spread across 200 Pages, Profiling 20 Companies and Supported with Tables and figures are now available in this research.
Top Companies profiled in the Lithium Iron Phosphate Batteries Market:
- BYD (China)
- A123 Systems (US)
- K2 Energy (US)
- Electric Vehicle Power System Technology (China)
- OptimumNano Energy (China)
- Contemporary Amperex Technology (China)
The automotive segment is expected to be the largest market, by industry, during the forecast period. The growth is evident owing to the rising demand for lithium iron phosphate batteries in electric and hybrid electric vehicles and favorable government policies to support green technologies.
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The stationary segment of the lithium iron phosphate batteries market, by application, is estimated to be the largest during the forecast period. The growth is attributed to the rising demand for renewable energy storage applications. It is the second largest market in terms of demand for lithium iron phosphate batteries after automotive.
Asia Pacific is the largest lithium iron phosphate batteries market, followed by North America. The Middle East & African market is projected to be the fastest-growing market during the forecast period owing to rising investments in renewable energy grid infrastructure development.
Competitive Landscape of Lithium Iron Phosphate Batteries Market:
5 Market Share, 2018
6 Competitive Landscape Mapping, 2018
7 Competitive Scenario
1 New Product Developments
7.2 Investments & Expansions
7.3 Contracts & Agreements
7.4 Mergers & Acquisitions
7.5 Joint Venture/Partnerships/Collobarations/Strategic Alliance