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1 of 4
FEATURED COMPANIES
- BYD Co. Ltd.
- DNK POWER Co. Ltd.
- Lithium Werks BV
- RELiON Battery LLC
- Saft Groupe SA
- Ultralife Corp.
- MORE
Global Lithium Iron Phosphate Battery Market: About this market
The lithium iron phosphate battery market analysis considers sales from both automotive and non-automotive applications. Our study also finds the sales of lithium iron phosphate batteries in the Americas, APAC, and EMEA. In 2019, the automotive segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as improved efficiency, long cycle life, and high reliability as they operate with low resistance will play a significant role in the automotive segment to maintain its market position. Also, our global lithium iron phosphate battery market report looks at factors such as decline in lithium-ion battery cost, increased government support for EVs, and change in energy mix. However, competition from other batteries, demand-supply gap of lithium-ion battery components, and safety concerns related to lithium-ion batteries may hamper the growth of the lithium iron phosphate battery industry over the forecast period.
Global Lithium Iron Phosphate Battery Market: Overview
The decline in lithium-ion battery cost
The improved production scale and manufacturing efficiency have resulted in decreased manufacturing cost of Li-ion batteries and battery packs. This decline is also a result of the increased adoption of battery technology in the automotive industry. The development of cost-effective production methods by vendors is also a contributing factor to the decrease in the cost of lithium-ion batteries. Moreover, the ongoing R&D on Li-ion batteries has also resulted in improved performance in vehicles. Moreover, the strong demand for EVs will also decrease the price of Li-ion batteries. These factors will lead to the expansion of the global lithium iron phosphate battery market at a CAGR of over 18% during the forecast period.
Growing investments in the EV charging infrastructure
Public charging facilities for EVs has been one of the major concerns for potential buyers. The developments associated with charging infrastructures are dependent on various frameworks circling national and supra-national policies and local circumstances. Additionally, factors such as targets for setting up charging stations, enactments on regulations, provision of financial aids, and mobilization of funding for installations are key reasons for the development of EV charging infrastructure. Both the public and private sectors are making significant investments in increasing the penetration of EV charging stations to boost the adoption of EVs. This development is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of several major players, the global lithium iron phosphate battery market is highly fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading lithium iron phosphate battery manufacturers, that include BYD Co. Ltd., Contemporary Amperex Technology Co. Ltd., DNK POWER Co. Ltd., Lithium Werks BV, Murata Manufacturing Co. Ltd., OptimumNano Energy Co. Ltd., RELiON Battery LLC, Saft Groupe SA, Tianjin Lishen Battery Co. Ltd., and Ultralife Corp.
Also, the lithium iron phosphate battery market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The lithium iron phosphate battery market analysis considers sales from both automotive and non-automotive applications. Our study also finds the sales of lithium iron phosphate batteries in the Americas, APAC, and EMEA. In 2019, the automotive segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as improved efficiency, long cycle life, and high reliability as they operate with low resistance will play a significant role in the automotive segment to maintain its market position. Also, our global lithium iron phosphate battery market report looks at factors such as decline in lithium-ion battery cost, increased government support for EVs, and change in energy mix. However, competition from other batteries, demand-supply gap of lithium-ion battery components, and safety concerns related to lithium-ion batteries may hamper the growth of the lithium iron phosphate battery industry over the forecast period.
Global Lithium Iron Phosphate Battery Market: Overview
The decline in lithium-ion battery cost
The improved production scale and manufacturing efficiency have resulted in decreased manufacturing cost of Li-ion batteries and battery packs. This decline is also a result of the increased adoption of battery technology in the automotive industry. The development of cost-effective production methods by vendors is also a contributing factor to the decrease in the cost of lithium-ion batteries. Moreover, the ongoing R&D on Li-ion batteries has also resulted in improved performance in vehicles. Moreover, the strong demand for EVs will also decrease the price of Li-ion batteries. These factors will lead to the expansion of the global lithium iron phosphate battery market at a CAGR of over 18% during the forecast period.
Growing investments in the EV charging infrastructure
Public charging facilities for EVs has been one of the major concerns for potential buyers. The developments associated with charging infrastructures are dependent on various frameworks circling national and supra-national policies and local circumstances. Additionally, factors such as targets for setting up charging stations, enactments on regulations, provision of financial aids, and mobilization of funding for installations are key reasons for the development of EV charging infrastructure. Both the public and private sectors are making significant investments in increasing the penetration of EV charging stations to boost the adoption of EVs. This development is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of several major players, the global lithium iron phosphate battery market is highly fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading lithium iron phosphate battery manufacturers, that include BYD Co. Ltd., Contemporary Amperex Technology Co. Ltd., DNK POWER Co. Ltd., Lithium Werks BV, Murata Manufacturing Co. Ltd., OptimumNano Energy Co. Ltd., RELiON Battery LLC, Saft Groupe SA, Tianjin Lishen Battery Co. Ltd., and Ultralife Corp.
Also, the lithium iron phosphate battery market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
2 of 4
FEATURED COMPANIES
- BYD Co. Ltd.
- DNK POWER Co. Ltd.
- Lithium Werks BV
- RELiON Battery LLC
- Saft Groupe SA
- Ultralife Corp.
- MORE
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 08: GEOGRAPHIC LANDSCAPE
PART 10: DRIVERS AND CHALLENGES
Exhibit 01: Vendor - Key offerings
Exhibit 02: Global battery market
Exhibit 03: Segments of global battery market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2019
Exhibit 08: Global market: Size and forecast 2019-2024 ($ billions)
Exhibit 09: Global market: Year-over-year growth 2020-2024 (%)
Exhibit 10: Five forces analysis 2019
Exhibit 11: Five forces analysis 2024
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2019
Exhibit 18: Application - Market share 2019-2024 (%)
Exhibit 19: Comparison by application
Exhibit 20: Automotive - Market size and forecast 2019-2024 ($ billions)
Exhibit 21: Automotive - Year-over-year growth 2020-2024 (%)
Exhibit 22: Non-automotive - Market size and forecast 2019-2024 ($ billions)
Exhibit 23: Non-automotive - Year-over-year growth 2020-2024 (%)
Exhibit 24: Market opportunity by application
Exhibit 25: Customer landscape
Exhibit 26: Market share by geography 2019-2024 (%)
Exhibit 27: Geographic comparison
Exhibit 28: APAC - Market size and forecast 2019-2024 ($ billions)
Exhibit 29: APAC - Year-over-year growth 2020-2024 (%)
Exhibit 30: Americas - Market size and forecast 2019-2024 ($ billions)
Exhibit 31: Americas - Year-over-year growth 2020-2024 (%)
Exhibit 32: EMEA - Market size and forecast 2019-2024 ($ billions)
Exhibit 33: EMEA - Year-over-year growth 2020-2024 (%)
Exhibit 34: Key leading countries
Exhibit 35: Market opportunity
Exhibit 36: Impact of drivers and challenges
Exhibit 37: Vendor landscape
Exhibit 38: Landscape disruption
Exhibit 39: Vendors covered
Exhibit 40: Vendor classification
Exhibit 41: Market positioning of vendors
Exhibit 42: BYD Co. Ltd. - Vendor overview
Exhibit 43: BYD Co. Ltd. - Business segments
Exhibit 44: BYD Co. Ltd. - Organizational developments
Exhibit 45: BYD Co. Ltd. - Geographic focus
Exhibit 46: BYD Co. Ltd. - Segment focus
Exhibit 47: BYD Co. Ltd. - Key offerings
Exhibit 48: Contemporary Amperex Technology Co. Ltd. - Vendor overview
Exhibit 49: Contemporary Amperex Technology Co. Ltd. - Organizational developments
Exhibit 50: Contemporary Amperex Technology Co. Ltd. - Key offerings
Exhibit 51: DNK POWER Co. Ltd. - Vendor overview
Exhibit 52: DNK POWER Co. Ltd. - Key offerings
Exhibit 53: Lithium Werks BV - Vendor overview
Exhibit 54: Lithium Werks BV - Organizational developments
Exhibit 55: Lithium Werks BV - Key offerings
Exhibit 56: Murata Manufacturing Co. Ltd. - Vendor overview
Exhibit 57: Murata Manufacturing Co. Ltd. - Business segments
Exhibit 58: Murata Manufacturing Co. Ltd. - Organizational developments
Exhibit 59: Murata Manufacturing Co. Ltd. - Geographic focus
Exhibit 60: Murata Manufacturing Co. Ltd. - Segment focus
Exhibit 61: Murata Manufacturing Co. Ltd. - Key offerings
Exhibit 62: OptimumNano Energy Co. Ltd. - Vendor overview
Exhibit 63: OptimumNano Energy Co. Ltd. - Key offerings
Exhibit 64: RELiON Battery LLC - Vendor overview
Exhibit 65: RELiON Battery LLC - Organizational developments
Exhibit 66: RELiON Battery LLC - Key offerings
Exhibit 67: Saft Groupe SA - Vendor overview
Exhibit 68: Saft Groupe SA - Business segments
Exhibit 69: Saft Groupe SA - Organizational developments
Exhibit 70: Saft Groupe SA - Geographic focus
Exhibit 71: Saft Groupe SA - Segment focus
Exhibit 72: Saft Groupe SA - Key offerings
Exhibit 73: Tianjin Lishen Battery Co. Ltd. - Vendor overview
Exhibit 74: Tianjin Lishen Battery Co. Ltd. - Key offerings
Exhibit 75: Ultralife Corp. - Vendor overview
Exhibit 76: Ultralife Corp. - Business segments
Exhibit 77: Ultralife Corp. - Geographic focus
Exhibit 78: Ultralife Corp. - Segment focus
Exhibit 79: Ultralife Corp. - Key offerings
Exhibit 80: Validation techniques employed for market sizing
Exhibit 81: Definition of market positioning of vendors
PART 02: SCOPE OF THE REPORT
- Preface
- Currency conversion rates for US$
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market segmentation analysis
- Market definition
- Market sizing 2019
- Market outlook
- Market size and forecast 2019-2024
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
- Market segmentation by application
- Comparison by application
- Automotive - Market size and forecast 2019-2024
- Non-automotive - Market size and forecast 2019-2024
- Market opportunity by application
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- Americas - Market size and forecast 2019-2024
- EMEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
- Growing investments in EV charging infrastructure
- Revision in safety standards of lithium-ion batteries
- Increasing adoption of microgrids
- Overview
- Landscape disruption
- Competitive scenario
- Vendors covered
- Vendor classification
- Market positioning of vendors
- BYD Co. Ltd.
- Contemporary Amperex Technology Co. Ltd.
- DNK POWER Co. Ltd.
- Lithium Werks BV
- Murata Manufacturing Co. Ltd.
- OptimumNano Energy Co. Ltd.
- RELiON Battery LLC
- Saft Groupe SA
- Tianjin Lishen Battery Co. Ltd.
- Ultralife Corp.
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
Exhibit 01: Vendor - Key offerings
Exhibit 02: Global battery market
Exhibit 03: Segments of global battery market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2019
Exhibit 08: Global market: Size and forecast 2019-2024 ($ billions)
Exhibit 09: Global market: Year-over-year growth 2020-2024 (%)
Exhibit 10: Five forces analysis 2019
Exhibit 11: Five forces analysis 2024
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2019
Exhibit 18: Application - Market share 2019-2024 (%)
Exhibit 19: Comparison by application
Exhibit 20: Automotive - Market size and forecast 2019-2024 ($ billions)
Exhibit 21: Automotive - Year-over-year growth 2020-2024 (%)
Exhibit 22: Non-automotive - Market size and forecast 2019-2024 ($ billions)
Exhibit 23: Non-automotive - Year-over-year growth 2020-2024 (%)
Exhibit 24: Market opportunity by application
Exhibit 25: Customer landscape
Exhibit 26: Market share by geography 2019-2024 (%)
Exhibit 27: Geographic comparison
Exhibit 28: APAC - Market size and forecast 2019-2024 ($ billions)
Exhibit 29: APAC - Year-over-year growth 2020-2024 (%)
Exhibit 30: Americas - Market size and forecast 2019-2024 ($ billions)
Exhibit 31: Americas - Year-over-year growth 2020-2024 (%)
Exhibit 32: EMEA - Market size and forecast 2019-2024 ($ billions)
Exhibit 33: EMEA - Year-over-year growth 2020-2024 (%)
Exhibit 34: Key leading countries
Exhibit 35: Market opportunity
Exhibit 36: Impact of drivers and challenges
Exhibit 37: Vendor landscape
Exhibit 38: Landscape disruption
Exhibit 39: Vendors covered
Exhibit 40: Vendor classification
Exhibit 41: Market positioning of vendors
Exhibit 42: BYD Co. Ltd. - Vendor overview
Exhibit 43: BYD Co. Ltd. - Business segments
Exhibit 44: BYD Co. Ltd. - Organizational developments
Exhibit 45: BYD Co. Ltd. - Geographic focus
Exhibit 46: BYD Co. Ltd. - Segment focus
Exhibit 47: BYD Co. Ltd. - Key offerings
Exhibit 48: Contemporary Amperex Technology Co. Ltd. - Vendor overview
Exhibit 49: Contemporary Amperex Technology Co. Ltd. - Organizational developments
Exhibit 50: Contemporary Amperex Technology Co. Ltd. - Key offerings
Exhibit 51: DNK POWER Co. Ltd. - Vendor overview
Exhibit 52: DNK POWER Co. Ltd. - Key offerings
Exhibit 53: Lithium Werks BV - Vendor overview
Exhibit 54: Lithium Werks BV - Organizational developments
Exhibit 55: Lithium Werks BV - Key offerings
Exhibit 56: Murata Manufacturing Co. Ltd. - Vendor overview
Exhibit 57: Murata Manufacturing Co. Ltd. - Business segments
Exhibit 58: Murata Manufacturing Co. Ltd. - Organizational developments
Exhibit 59: Murata Manufacturing Co. Ltd. - Geographic focus
Exhibit 60: Murata Manufacturing Co. Ltd. - Segment focus
Exhibit 61: Murata Manufacturing Co. Ltd. - Key offerings
Exhibit 62: OptimumNano Energy Co. Ltd. - Vendor overview
Exhibit 63: OptimumNano Energy Co. Ltd. - Key offerings
Exhibit 64: RELiON Battery LLC - Vendor overview
Exhibit 65: RELiON Battery LLC - Organizational developments
Exhibit 66: RELiON Battery LLC - Key offerings
Exhibit 67: Saft Groupe SA - Vendor overview
Exhibit 68: Saft Groupe SA - Business segments
Exhibit 69: Saft Groupe SA - Organizational developments
Exhibit 70: Saft Groupe SA - Geographic focus
Exhibit 71: Saft Groupe SA - Segment focus
Exhibit 72: Saft Groupe SA - Key offerings
Exhibit 73: Tianjin Lishen Battery Co. Ltd. - Vendor overview
Exhibit 74: Tianjin Lishen Battery Co. Ltd. - Key offerings
Exhibit 75: Ultralife Corp. - Vendor overview
Exhibit 76: Ultralife Corp. - Business segments
Exhibit 77: Ultralife Corp. - Geographic focus
Exhibit 78: Ultralife Corp. - Segment focus
Exhibit 79: Ultralife Corp. - Key offerings
Exhibit 80: Validation techniques employed for market sizing
Exhibit 81: Definition of market positioning of vendors
Note: Product cover images may vary from those shown
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4 of 4
FEATURED COMPANIES
- BYD Co. Ltd.
- DNK POWER Co. Ltd.
- Lithium Werks BV
- RELiON Battery LLC
- Saft Groupe SA
- Ultralife Corp.
- MORE
The following companies as the key players in the global lithium iron phosphate battery market: BYD Co. Ltd., Contemporary Amperex Technology Co. Ltd., DNK POWER Co. Ltd., Lithium Werks BV, Murata Manufacturing Co. Ltd., OptimumNano Energy Co. Ltd., RELiON Battery LLC, Saft Groupe SA, Tianjin Lishen Battery Co. Ltd., and Ultralife Corp.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the growing investments in the EV charging infrastructure.”
According to the report, one of the major drivers for this market is the decline in lithium-ion battery cost.
Further, the report states that one of the major factors hindering the growth of this market is the safety concerns related to lithium-ion batteries.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the growing investments in the EV charging infrastructure.”
According to the report, one of the major drivers for this market is the decline in lithium-ion battery cost.
Further, the report states that one of the major factors hindering the growth of this market is the safety concerns related to lithium-ion batteries.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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- BYD Co. Ltd.
- Contemporary Amperex Technology Co. Ltd.
- DNK POWER Co. Ltd.
- Lithium Werks BV
- Murata Manufacturing Co. Ltd.
- OptimumNano Energy Co. Ltd.
- RELiON Battery LLC
- Saft Groupe SA
- Tianjin Lishen Battery Co. Ltd.
- Ultralife Corp.
Note: Product cover images may vary from those shown
