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

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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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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