Lithium Iron Phosphate (LiFePO4) Material and Battery - Industry Analysis, Size, Share, Growth By Radiant Insights, Inc

Lithium Iron Phosphate (LiFePO4) Material and Battery
Market Analysis By Raw Material (Graphite, Lithium Iron
Phosphate, Lithium Fluoride), By Application, By Region,
And Segment Forecasts, 2014 - 2025
The global lithium iron phosphate material and
battery market is expected to reach USD 25.47 billion
by 2025, according to a new report by Radiant
Insights, Inc.
The global lithium iron phosphate material and battery market is expected to reach USD
25.47 billion by 2025, according to a new report by Radiant Insights, Inc. Growing demand
for these batteries from the electric & hybrid electric vehicles and consumer electronics
segments is expected to be the biggest driver of the market over the next eight years.
New technologies have resulted in increasing popularity of lithium iron phosphate batteries.
For instance, the innovation of lithium iron nanophosphate batteries has found extensive
applications in electric & hybrid vehicles in the telecommunication sector, apart from electric
vehicles and power generation.
Graphite accounted for the majority of the raw material market in 2016, in terms of
revenue. This material, which is used as an anode in these batteries, is known for its high
performance and stability at high temperatures. These factors have increased its importance
in this industry, consequently driving its demand.
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material-and-battery-market
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Further key findings from the report suggest:
• The global market was valued at USD 4.76 billion in 2016 and is projected to grow at
a CAGR of 20.7% from 2017 to 2025
• Graphite is projected to grow at the highest CAGR of 25.9% from 2017 to 2025
courtesy growing demand for batteries from electric vehicles and consumer electronics
• Lithium iron phosphate, which avoids problems of battery explosions due to overheating,
held a market share of 23.7% by value in 2016
• The electric & hybrid electric vehicle segment accounted for the largest share of
57.6% of the market by revenue due to rise in fossil fuel prices and their side-effects
on the environment
• Presence of numerous companies and abundant raw material availability made Asia
Pacific the largest manufacturer of lithium iron phosphate batteries in 2016
• The market in North America, characterized by growing demand from the U.S.,
accounted for the second-largest share of 21.2% by value in 2016
• The renewable power generation segment that comprises photovoltaic power
generation, wind energy generation, and biomass power generation, is projected to
grow at the second-highest CAGR of 18.9% from 2017 to 2025 courtesy growing
demand for fossil fuel alternatives
• BYD, based in China, with revenues over USD 11.25 billion and 180,000 employees in
2015, was one of the major players in the market. In February 2016, it introduced B-
box battery energy systems in Australia, which helped it expand its product offerings
in Asia Pacific
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material-and-battery-market/request-sample
Table of Contents
Chapter 1 Methodology And Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
1.4 List of Abbreviations
Chapter 2 Executive Summary
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2.1 Market Snapshot
Chapter 3 Lithium Iron Phosphate Material & Battery Market Variables, Trends & Scope
3.1 Market segmentation & scope
3.2 Lithium iron phosphate material and battery market value chain analysis
3.3 Regulatory Analysis
3.4 Market Dynamics
3.4.1 Market Driver Analysis
3.4.1.1 Growing market for electric vehicles
3.4.1.2 Technological innovations
3.4.1.3 Growing demand from China
3.4.2 Market Restraint Analysis
3.4.2.1 Lack of awareness about lithium iron phosphate batteries
3.5 Penetration & growth prospect mapping
3.6 Lithium Iron Phosphate Material and Battery market - PESTEL Analysis
3.7 Industry Analysis - Porter's
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