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Energy Industry News Releases

Lithium Iron Phosphate Batteries Market Size to Hit $24.6 Billion by 2027


(EnergyIndustry.Net, July 11, 2022 ) According to the new market research report "Lithium Iron Phosphate Batteries Market by Design (Cells, Battery Packs), Capacity, Industry (Automotive, Power, Industrial, Aerospace, Marine), Application (Portable, Stationary), Voltage (Low, Medium, High) & Region - Global forecast to 2027", published by MarketsandMarkets™, the global Lithium Iron Phosphate Batteries Market is projected to reach USD 24.6 billion by 2027 from an estimated market size of USD 13.0 billion in 2022, at a CAGR of 13.7% during the forecast period. The market is majorly drive by increasing adoption of EVs while the adoption of renewable energy storage systems offers lucrative growth opportunities.

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100,001–540,000 mAh: The largest segment of the Lithium Iron Phosphate Batteries Market, by capacity

The Lithium Iron Phosphate Batteries Market, by capacity, is segmented into 0–16,250 mAh, 16,251–50,000 mAh, 50,001–100,000 mAh and 100,001–540,000 mAh. The 100,001–540,000 mAh segment is expected to hold the largest size of the market for lithium iron phosphate batteries. The high market share of this segment can be attributed to the increasing production of EVs to accommodate the growing demand.

Browse in-depth TOC on "Lithium Iron Phosphate Batteries Market"

262 – Tables
49 – Figures
225 – Pages

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The automotive segment is expected to be the most significant Lithium Iron Phosphate Batteries Market, by industry

The Lithium Iron Phosphate Batteries Market, by industry, is segmented into automotive, power, industrial, aerospace, marine and others. Others include medical and telecommunications industries. The enhanced demand from the automotive industry, especially from the EV application is expected to drive the growth of the segment.

Asia Pacific is expected to dominate the global Lithium Iron Phosphate Batteries Market

The Asia Pacific region is expected to account for the largest share of the global Lithium Iron Phosphate Batteries Market, followed by Europe. The Asia Pacific region is also projected to be the fastest-growing market during the forecast period. The dominance of the Asia Pacific region can be attributed to the presence of top market players in China and the increasing adoption of sustainable transportation solutions such as EVs.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Lithium Iron Phosphate Batteries Market. These players include BYD Company Ltd. (China), Contemporary Amperex Technology Co., Limited. (China), K2 Energy (US), A123 Systems (US) And Lithium Werks Inc. (China).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441


Mr. Aashish Mehra


Source: EmailWire.Com

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