Lithium Iron Phosphate Battery Market 2019-2025 , Global Industry Forecast

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Global Lithium Iron Phosphate Battery Market

• Size 2018 by Manufacturing Process (High
  Temperature Solid Phase Synthesis, Sol-Gel
  Method, Co-precipitation Method, and Others), by
  Application (Automotive, Consumer Electronics and
  Others) Region and Forecast 2019 to 2025

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Lithium Iron Phosphate Battery Market 2019-2025 ,
Global Industry Forecast

• The global lithium iron phosphate battery market
  is growing at an optimistic rate of above 20.0
  to reach USD 24.31 Bn by 2025. The market is
  majorly driven by the energy storage applications
  such as smartphones and electric vehicles.
  Smartphones lead the market in terms of unit
  uptake however, electric vehicles segment is
  anticipated to show prolific results in terms of
  revenue over the foreseeable future.
• The research report on global lithium iron
  phosphate battery market includes the historic,
  current and future status of various
  manufacturing process and applications about this
  product. This report also covers various aspects
  such as drivers, challenges, value chain
  analysis, porters five forces analysis.
  Furthermore, cost analysis of lithium iron
  phosphate which comprise key raw material, price
  trend, key suppliers, manufacturing cost
  structure, manufacturing process, and industrial
  chain analysis are also presented in the report.
• Electric vehicles are witnessing increasing
  adoption of lithium-ion phosphate batteries.
  Growing demand for electric vehicles has driven
  the uptake of lithium-ion batteries. According to
  Bloomberg New Energy Finance Report, electric
  vehicles will become cheaper than traditional
  cars powered by internal combustion engines,
  which will lead to the increase in the demand of
  electric vehicles to 41 million by 2040, thereby
  driving the lithium-ion battery market. Bloomberg
  also forecasts that lithium-ion battery demand
  from electric vehicles will grow from 21GWh in
  2016 to 1,300GWh in 2030. Indias electric
  vehicles market is anticipating to hit a sales
  mark of nearly 100 by the end of 2030.
  Increasing shopper awareness coupled with falling
  battery cost is anticipated to drive adoption of
  electric vehicles in India.
• The global market is characterized by the
  presence of a large number of raw material
  suppliers. The raw materials required for
  manufacturing lithium-ion phosphate battery are
  lithium and carbon. Buyers are able to
  conveniently switch to other supplier owing to
  the presence of suppliers. Thus, the bargaining
  power of suppliers is high in the industry.

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Lithium Iron Phosphate Battery Market 2019-2025 ,
Global Industry Forecast

• In terms of region distribution, Asia Pacific
  dominated the global lithium iron phosphate
  market and is expected to surpass a CAGR of 40
  during 2019 to 2025. Europe is anticipated to be
  the third fastest growing market with a CAGR of
  nearly 22.0 throughout the forecast period.
• Global Lithium Iron Phosphate Industry to Attract
  Energy Storage Sector in 2020
• Lithium iron phosphate offers a life cycle of 20
  times longer than a lead acid battery. Hence,
  this minimizes the cost of replacement and
  eventually diminishes the total ownership cost.
• Application of lithium iron phosphate battery in
  consumer electronics accounted for dominating
  market revenue and volume share of more than 40
  in the year 2018 and is expected to show similar
  trend over the forecast period
• Lithium iron phosphate cells are superior to
  lithium cobalt oxide for use in electric vehicles
  and are commended for upcoming models
• Some of the leading players of the market include
  Valence Technology, AESC, Aleees, Tianjin
  BM,Tianjin STL Energy, BTR, RELiON Battery.
• Browse the complete report on _at_
  https//www.adroitmarketresearch.com/industry-repo
  rts/lithium-iron-phosphate-battery-market

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Key segments of the global lithium iron phosphate
battery market

• Manufacturing Process Overview, 2015-2025 (MWh)
  (USD Million)
• High Temperature Solid Phase Synthesis
• Sol-Gel Method
• Co-precipitation Method
• Others
• Application Overview, 2015-2025 (MWh) (USD
  Million)
• Automotive
• Consumer Electronics
• Others

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Key segments of the global lithium iron phosphate
battery market

• Regional Overview, 2013-2025 (USD Billion)West
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East Africa
• Purchase a single user copy of the global lithium
  iron phosphate battery market report_at_
  https//www.adroitmarketresearch.com/researchrepor
  t/purchase/849

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