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Lithium Iron Phosphate Batteries Market

Lithium Iron Phosphate Batteries - Global Market Outlook (2018-2027)

4.2 (34 reviews)
Published: January 2020 ID: SMRC18763
4.2 (34 reviews)
Published: January 2020 ID: SMRC18763

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Lithium Iron Phosphate Batteries Market is accounted for $7.90 billion in 2018 and is expected to reach $13.35 billion by 2027 growing at a CAGR of 6%. Increasing adoption of electric and hybrid electric vehicles and rising demand for energy storage applications are likely to boost the growth of the market. However, they require protection from being over charged and discharged too far is likely to hamper the profit boundaries.

Lithium Iron Phosphate (LiFePO4) is a Li-Iron rechargeable battery used for high power applications. Lithium iron phosphate batteries offer high efficiency and service life without the need to be fully charged. Some advantages offered by lithium iron phosphate batteries include wide operating temperature range, high cycling performance, low internal resistance, and high efficiency among others. Lithium iron phosphate batteries offer improved electrochemical performance with low resistance owing to nano-scale phosphate cathode material. These batteries offer advantages such high current rating and long cycle life, good thermal stability, enhanced safety and tolerance among others. Owing to their constant voltage and safe discharge, these batteries are used in cars, bicycles and solar devices.

Based on the application, battery segment 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.

By geography, 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.

Some of the key players in the Lithium Iron Phosphate Batteries market include BYD, Victron Energy, Victory Batteries Technology, Shenzhen Bak Technology, Relion, Power Sonic, Pihsiang Energy Technology, Optimumnano Energy, Lithiumwerks, Energy, Electric Vehicle Power System Technology, Contemporary Amperex Technology, Bharat Power Solution, Bestgo, Benergy and A123 Systems
 
Product Types Covered:
• Lithium Cobalt Oxide
• Lithium Nickel Manganese Cobalt
• Lithium Manganese Oxide
• Lithium Iron Phosphate
• Other Product Types

Power Capacity's Covered:
• 0 to 16,250 mAh 
• 16,251-50,000 mAh 
• 50,001-100,000 mAh 
• 100,001-540,000 mAh 
• Standalone Software

Components Covered:
• Separators
• Electrolytes
• Cathode
• Anode
• Other Components

Types Covered:
• Up to 3.2 V
• Between 3.2V to 12 V
• Between 12V to 19 V
• Above 19V

Applications Covered:
• Stationary
• Portable
• Polymer
• Metallurgy
• Medical
• Lubricant
• Glass & Ceramics
• Energy Storage
• Electric Vehicles
• Battery
• Aluminum Smelting & Alloy
• Air Treatment
• Other Applications

End Users Covered:
• Power
• Industrial
• Healthcare
• Consumer Electronics
• Automotive
• Other End Users
     
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand
o South Korea      
o Rest of Asia Pacific      
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Strategic recommendations for the new entrants
-  Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary   
     
2 Preface    
 2.1 Abstract   
 2.2 Stake Holders  
 2.3 Research Scope  
 2.4 Research Methodology 
  2.4.1 Data Mining 
  2.4.2 Data Analysis 
  2.4.3 Data Validation 
  2.4.4 Research Approach 
 2.5 Research Sources  
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions 
     
3 Market Trend Analysis  
 3.1 Introduction  
 3.2 Drivers   
 3.3 Restraints  
 3.4 Opportunities  
 3.5 Threats   
 3.6 Product Analysis  
 3.7 Application Analysis 
 3.8 End User Analysis  
 3.9 Emerging Markets  
 3.10 Futuristic Market Scenario 
     
4 Porters Five Force Analysis  
 4.1 Bargaining power of suppliers 
 4.2 Bargaining power of buyers 
 4.3 Threat of substitutes 
 4.4 Threat of new entrants 
 4.5 Competitive rivalry  
     
5 Global Lithium Iron Phosphate Batteries Market, By Product Type
 5.1 Introduction  
 5.2 Lithium Cobalt Oxide 
 5.3 Lithium Nickel Manganese Cobalt
 5.4 Lithium Manganese Oxide 
 5.5 Lithium Iron Phosphate 
 5.6 Other Product Types 
     
6 Global Lithium Iron Phosphate Batteries Market, By Power Capacity
 6.1 Introduction  
 6.2 0 to 16,250 mAh  
 6.3 16,251-50,000 mAh  
 6.4 50,001-100,000 mAh  
 6.5 100,001-540,000 mAh 
     
7 Global Lithium Iron Phosphate Batteries Market, By Component
 7.1 Introduction  
 7.2 Separators  
 7.3 Electrolytes  
 7.4 Cathode   
 7.5 Anode   
 7.6 Other Components  
     
8 Global Lithium Iron Phosphate Batteries Market, By Types
 8.1 Introduction  
 8.2 Up to 3.2 V  
 8.3 Between 3.2V to 12 V 
 8.4 Between 12V to 19 V 
 8.5 Above 19V  
     
9 Global Lithium Iron Phosphate Batteries Market, By Application
 9.1 Introduction  
 9.2 Stationary  
 9.3 Portable   
 9.4 Polymer   
 9.5 Metallurgy   
 9.6 Medical   
 9.7 Lubricant   
 9.8 Glass & Ceramics  
 9.9 Energy Storage  
 9.10 Electric Vehicles  
 9.11 Battery   
 9.12 Aluminum Smelting & Alloy 
 9.13 Air Treatment  
 9.14 Other Applications  
     
10 Global Lithium Iron Phosphate Batteries Market, By End User
 10.1 Introduction  
 10.2 Power   
 10.3 Industrial   
 10.4 Healthcare  
 10.5 Consumer Electronics 
 10.6 Automotive  
 10.7 Other End Users  
     
11 Global Lithium Iron Phosphate Batteries Market, By Geography
 11.1 Introduction  
 11.2 North America  
  11.2.1 US  
  11.2.2 Canada  
  11.2.3 Mexico  
 11.3 Europe   
  11.3.1 Germany  
  11.3.2 UK  
  11.3.3 Italy  
  11.3.4 France  
  11.3.5 Spain  
  11.3.6 Rest of Europe 
 11.4 Asia Pacific  
  11.4.1 Japan  
  11.4.2 China  
  11.4.3 India  
  11.4.4 Australia  
  11.4.5 New Zealand 
  11.4.6 South Korea 
  11.4.7 Rest of Asia Pacific 
 11.5 South America  
  11.5.1 Argentina 
  11.5.2 Brazil  
  11.5.3 Chile  
  11.5.4 Rest of South America
 11.6 Middle East & Africa 
  11.6.1 Saudi Arabia 
  11.6.2 UAE  
  11.6.3 Qatar  
  11.6.4 South Africa 
  11.6.5 Rest of Middle East & Africa
     
12 Key Developments   
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
 12.2 Acquisitions & Mergers 
 12.3 New Product Launch 
 12.4 Expansions  
 12.5 Other Key Strategies 
     
13 Company Profiling   
 13.1 BYD   
 13.2 Victron Energy  
 13.3 Victory Batteries Technology 
 13.4 Shenzhen Bak Technology 
 13.5 Relion   
 13.6 Power Sonic  
 13.7 Pihsiang Energy Technology 
 13.8 Optimumnano Energy 
 13.9 Lithiumwerks  
 13.10 Energy   
 13.11 Electric Vehicle Power System Technology
 13.12 Contemporary Amperex Technology
 13.13 Bharat Power Solution 
 13.14 Bestgo    
 13.15 Benergy   
 13.16 A123 Systems  


List of Tables    
1 Global Lithium Iron Phosphate Batteries Market Outlook, By Region (2017-2027) ($MN)
2 Global Lithium Iron Phosphate Batteries Market Outlook, By Product Type (2017-2027) ($MN)
3 Global Lithium Iron Phosphate Batteries Market Outlook, By Lithium Cobalt Oxide (2017-2027) ($MN)
4 Global Lithium Iron Phosphate Batteries Market Outlook, By Lithium Nickel Manganese Cobalt (2017-2027) ($MN)
5 Global Lithium Iron Phosphate Batteries Market Outlook, By Lithium Manganese Oxide (2017-2027) ($MN)
6 Global Lithium Iron Phosphate Batteries Market Outlook, By Lithium Iron Phosphate (2017-2027) ($MN)
7 Global Lithium Iron Phosphate Batteries Market Outlook, By Other Product Types (2017-2027) ($MN)
8 Global Lithium Iron Phosphate Batteries Market Outlook, By Power Capacity (2017-2027) ($MN)
9 Global Lithium Iron Phosphate Batteries Market Outlook, By 0 to 16,250 mAh (2017-2027) ($MN)
10 Global Lithium Iron Phosphate Batteries Market Outlook, By 16,251-50,000 mAh (2017-2027) ($MN)
11 Global Lithium Iron Phosphate Batteries Market Outlook, By 50,001-100,000 mAh (2017-2027) ($MN)
12 Global Lithium Iron Phosphate Batteries Market Outlook, By 100,001-540,000 mAh (2017-2027) ($MN)
13 Global Lithium Iron Phosphate Batteries Market Outlook, By Component (2017-2027) ($MN)
14 Global Lithium Iron Phosphate Batteries Market Outlook, By Separators (2017-2027) ($MN)
15 Global Lithium Iron Phosphate Batteries Market Outlook, By Electrolytes (2017-2027) ($MN)
16 Global Lithium Iron Phosphate Batteries Market Outlook, By Cathode (2017-2027) ($MN)
17 Global Lithium Iron Phosphate Batteries Market Outlook, By Anode (2017-2027) ($MN)
18 Global Lithium Iron Phosphate Batteries Market Outlook, By Other Components (2017-2027) ($MN)
19 Global Lithium Iron Phosphate Batteries Market Outlook, By Types (2017-2027) ($MN)
20 Global Lithium Iron Phosphate Batteries Market Outlook, By Up to 3.2 V (2017-2027) ($MN)
21 Global Lithium Iron Phosphate Batteries Market Outlook, By Between 3.2V to 12 V (2017-2027) ($MN)
22 Global Lithium Iron Phosphate Batteries Market Outlook, By Between 12V to 19 V (2017-2027) ($MN)
23 Global Lithium Iron Phosphate Batteries Market Outlook, By Above 19V (2017-2027) ($MN)
24 Global Lithium Iron Phosphate Batteries Market Outlook, By Application (2017-2027) ($MN)
25 Global Lithium Iron Phosphate Batteries Market Outlook, By Stationary (2017-2027) ($MN)
26 Global Lithium Iron Phosphate Batteries Market Outlook, By Portable (2017-2027) ($MN)
27 Global Lithium Iron Phosphate Batteries Market Outlook, By Polymer (2017-2027) ($MN)
28 Global Lithium Iron Phosphate Batteries Market Outlook, By Metallurgy  (2017-2027) ($MN)
29 Global Lithium Iron Phosphate Batteries Market Outlook, By Medical (2017-2027) ($MN)
30 Global Lithium Iron Phosphate Batteries Market Outlook, By Lubricant (2017-2027) ($MN)
31 Global Lithium Iron Phosphate Batteries Market Outlook, By Glass & Ceramics (2017-2027) ($MN)
32 Global Lithium Iron Phosphate Batteries Market Outlook, By Energy Storage (2017-2027) ($MN)
33 Global Lithium Iron Phosphate Batteries Market Outlook, By Electric Vehicles (2017-2027) ($MN)
34 Global Lithium Iron Phosphate Batteries Market Outlook, By Battery (2017-2027) ($MN)
35 Global Lithium Iron Phosphate Batteries Market Outlook, By Aluminum Smelting & Alloy (2017-2027) ($MN)
36 Global Lithium Iron Phosphate Batteries Market Outlook, By Air Treatment (2017-2027) ($MN)
37 Global Lithium Iron Phosphate Batteries Market Outlook, By Other Applications (2017-2027) ($MN)
38 Global Lithium Iron Phosphate Batteries Market Outlook, By End User (2017-2027) ($MN)
39 Global Lithium Iron Phosphate Batteries Market Outlook, By Power (2017-2027) ($MN)
40 Global Lithium Iron Phosphate Batteries Market Outlook, By Industrial (2017-2027) ($MN)
41 Global Lithium Iron Phosphate Batteries Market Outlook, By Healthcare (2017-2027) ($MN)
42 Global Lithium Iron Phosphate Batteries Market Outlook, By Consumer Electronics (2017-2027) ($MN)
43 Global Lithium Iron Phosphate Batteries Market Outlook, By Automotive (2017-2027) ($MN)
44 Global Lithium Iron Phosphate Batteries Market Outlook, By Other End Users (2017-2027) ($MN)
     
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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