Lithium Iron Phosphate Battery - Global Strategic Business Report

Report
233 Pages
April 2024
Region: Global
Global Industry Analysts, Inc
ID: 5140398

Global Lithium Iron Phosphate Battery Market to Reach $31.3 Billion by 2030

The global market for Lithium Iron Phosphate Battery estimated at US$10 Billion in the year 2022, is projected to reach a revised size of US$31.3 Billion by 2030, growing at a CAGR of 15.4% over the analysis period 2022-2030. Portable, one of the segments analyzed in the report, is projected to record 16.1% CAGR and reach US$18.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Stationary segment is readjusted to a revised 14.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $3 Billion, While China is Forecast to Grow at 14.6% CAGR

The Lithium Iron Phosphate Battery market in the U.S. is estimated at US$3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$5.3 Billion by the year 2030 trailing a CAGR of 14.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.8% and 15.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 13.5% CAGR.

Select Competitors (Total 23 Featured) -

A123 Systems LLC
Benergy Tech Co., Ltd.
Bharat Power Solutions
BYD Co., Ltd.
Contemporary Amperex Technology Co., Limited
Electric Vehicle Power System Technology Co., Ltd. (EVPST)
HeFei GuoXuan High-Tech Power Energy Co Ltd
Johnson Matthey Battery Systems
OptimumNano Energy Co., Ltd.
Pihsiang Energy Technology Co., Ltd.
Pylon Technologies Co., Ltd.

What's New?

Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year

I. METHODOLOGYII. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
Lithium Iron Phosphate Battery - Global Key Competitors Percentage Market Share in 2022 (E)
Impact of Covid-19 and a Looming Global Recession
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

Table 1: World Lithium Iron Phosphate Battery Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
Table 2: World Recent Past, Current & Future Analysis for Lithium Iron Phosphate Battery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 3: World 8-Year Perspective for Lithium Iron Phosphate Battery by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2023 & 2030
Table 4: World Recent Past, Current & Future Analysis for PorTable by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 5: World 8-Year Perspective for PorTable by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
Table 6: World Recent Past, Current & Future Analysis for Stationary by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 7: World 8-Year Perspective for Stationary by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
Table 8: World Recent Past, Current & Future Analysis for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 9: World 8-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
Table 10: World Recent Past, Current & Future Analysis for Power by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 11: World 8-Year Perspective for Power by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
Table 12: World Recent Past, Current & Future Analysis for Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 13: World 8-Year Perspective for Industrial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
Table 14: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 15: World 8-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030

III. MARKET ANALYSIS

UNITED STATES

Lithium Iron Phosphate Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
Table 16: USA Recent Past, Current & Future Analysis for Lithium Iron Phosphate Battery by Application - PorTable and Stationary - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 17: USA 8-Year Perspective for Lithium Iron Phosphate Battery by Application - Percentage Breakdown of Value Sales for PorTable and Stationary for the Years 2023 & 2030
Table 18: USA Recent Past, Current & Future Analysis for Lithium Iron Phosphate Battery by End-Use - Automotive, Power, Industrial and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 19: USA 8-Year Perspective for Lithium Iron Phosphate Battery by End-Use - Percentage Breakdown of Value Sales for Automotive, Power, Industrial and Other End-Uses for the Years 2023 & 2030

CANADA

Table 20: Canada Recent Past, Current & Future Analysis for Lithium Iron Phosphate Battery by Application - PorTable and Stationary - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 21: Canada 8-Year Perspective for Lithium Iron Phosphate Battery by Application - Percentage Breakdown of Value Sales for PorTable and Stationary for the Years 2023 & 2030
Table 22: Canada Recent Past, Current & Future Analysis for Lithium Iron Phosphate Battery by End-Use - Automotive, Power, Industrial and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 23: Canada 8-Year Perspective for Lithium Iron Phosphate Battery by End-Use - Percentage Breakdown of Value Sales for Automotive, Power, Industrial and Other End-Uses for the Years 2023 & 2030

JAPAN

Lithium Iron Phosphate Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
Table 24: Japan Recent Past, Current & Future Analysis for Lithium Iron Phosphate Battery by Application - PorTable and Stationary - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 25: Japan 8-Year Perspective for Lithium Iron Phosphate Battery by Application - Percentage Breakdown of Value Sales for PorTable and Stationary for the Years 2023 & 2030
Table 26: Japan Recent Past, Current & Future Analysis for Lithium Iron Phosphate Battery by End-Use - Automotive, Power, Industrial and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 27: Japan 8-Year Perspective for Lithium Iron Phosphate Battery by End-Use - Percentage Breakdown of Value Sales for Automotive, Power, Industrial and Other End-Uses for the Years 2023 & 2030

CHINA

Lithium Iron Phosphate Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
Table 28: China Recent Past, Current & Future Analysis for Lithium Iron Phosphate Battery by Application - PorTable and Stationary - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 29: China 8-Year Perspective for Lithium Iron Phosphate Battery by Application - Percentage Breakdown of Value Sales for PorTable and Stationary for the Years 2023 & 2030
Table 30: China Recent Past, Current & Future Analysis for Lithium Iron Phosphate Battery by End-Use - Automotive, Power, Industrial and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 31: China 8-Year Perspective for Lithium Iron Phosphate Battery by End-Use - Percentage Breakdown of Value Sales for Automotive, Power, Industrial and Other End-Uses for the Years 2023 & 2030

EUROPE

Lithium Iron Phosphate Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
Table 32: Europe Recent Past, Current & Future Analysis for Lithium Iron Phosphate Battery by Application - PorTable and Stationary - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 33: Europe 8-Year Perspective for Lithium Iron Phosphate Battery by Application - Percentage Breakdown of Value Sales for PorTable and Stationary for the Years 2023 & 2030
Table 34: Europe Recent Past, Current & Future Analysis for Lithium Iron Phosphate Battery by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 35: Europe 8-Year Perspective for Lithium Iron Phosphate Battery by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2023 & 2030
Table 36: Europe Recent Past, Current & Future Analysis for Lithium Iron Phosphate Battery by End-Use - Automotive, Power, Industrial and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 37: Europe 8-Year Perspective for Lithium Iron Phosphate Battery by End-Use - Percentage Breakdown of Value Sales for Automotive, Power, Industrial and Other End-Uses for the Years 2023 & 2030

FRANCE

Lithium Iron Phosphate Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
Table 38: France Recent Past, Current & Future Analysis for Lithium Iron Phosphate Battery by Application - PorTable and Stationary - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 39: France 8-Year Perspective for Lithium Iron Phosphate Battery by Application - Percentage Breakdown of Value Sales for PorTable and Stationary for the Years 2023 & 2030
Table 40: France Recent Past, Current & Future Analysis for Lithium Iron Phosphate Battery by End-Use - Automotive, Power, Industrial and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 41: France 8-Year Perspective for Lithium Iron Phosphate Battery by End-Use - Percentage Breakdown of Value Sales for Automotive, Power, Industrial and Other End-Uses for the Years 2023 & 2030

GERMANY

Lithium Iron Phosphate Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
Table 42: Germany Recent Past, Current & Future Analysis for Lithium Iron Phosphate Battery by Application - PorTable and Stationary - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 43: Germany 8-Year Perspective for Lithium Iron Phosphate Battery by Application - Percentage Breakdown of Value Sales for PorTable and Stationary for the Years 2023 & 2030
Table 44: Germany Recent Past, Current & Future Analysis for Lithium Iron Phosphate Battery by End-Use - Automotive, Power, Industrial and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 45: Germany 8-Year Perspective for Lithium Iron Phosphate Battery by End-Use - Percentage Breakdown of Value Sales for Automotive, Power, Industrial and Other End-Uses for the Years 2023 & 2030

ITALY

Table 46: Italy Recent Past, Current & Future Analysis for Lithium Iron Phosphate Battery by Application - PorTable and Stationary - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 47: Italy 8-Year Perspective for Lithium Iron Phosphate Battery by Application - Percentage Breakdown of Value Sales for PorTable and Stationary for the Years 2023 & 2030
Table 48: Italy Recent Past, Current & Future Analysis for Lithium Iron Phosphate Battery by End-Use - Automotive, Power, Industrial and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 49: Italy 8-Year Perspective for Lithium Iron Phosphate Battery by End-Use - Percentage Breakdown of Value Sales for Automotive, Power, Industrial and Other End-Uses for the Years 2023 & 2030

UNITED KINGDOM

Lithium Iron Phosphate Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
Table 50: UK Recent Past, Current & Future Analysis for Lithium Iron Phosphate Battery by Application - PorTable and Stationary - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 51: UK 8-Year Perspective for Lithium Iron Phosphate Battery by Application - Percentage Breakdown of Value Sales for PorTable and Stationary for the Years 2023 & 2030
Table 52: UK Recent Past, Current & Future Analysis for Lithium Iron Phosphate Battery by End-Use - Automotive, Power, Industrial and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 53: UK 8-Year Perspective for Lithium Iron Phosphate Battery by End-Use - Percentage Breakdown of Value Sales for Automotive, Power, Industrial and Other End-Uses for the Years 2023 & 2030

REST OF EUROPE

Table 54: Rest of Europe Recent Past, Current & Future Analysis for Lithium Iron Phosphate Battery by Application - PorTable and Stationary - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 55: Rest of Europe 8-Year Perspective for Lithium Iron Phosphate Battery by Application - Percentage Breakdown of Value Sales for PorTable and Stationary for the Years 2023 & 2030
Table 56: Rest of Europe Recent Past, Current & Future Analysis for Lithium Iron Phosphate Battery by End-Use - Automotive, Power, Industrial and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 57: Rest of Europe 8-Year Perspective for Lithium Iron Phosphate Battery by End-Use - Percentage Breakdown of Value Sales for Automotive, Power, Industrial and Other End-Uses for the Years 2023 & 2030

ASIA-PACIFIC

Lithium Iron Phosphate Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
Table 58: Asia-Pacific Recent Past, Current & Future Analysis for Lithium Iron Phosphate Battery by Application - PorTable and Stationary - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 59: Asia-Pacific 8-Year Perspective for Lithium Iron Phosphate Battery by Application - Percentage Breakdown of Value Sales for PorTable and Stationary for the Years 2023 & 2030
Table 60: Asia-Pacific Recent Past, Current & Future Analysis for Lithium Iron Phosphate Battery by End-Use - Automotive, Power, Industrial and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 61: Asia-Pacific 8-Year Perspective for Lithium Iron Phosphate Battery by End-Use - Percentage Breakdown of Value Sales for Automotive, Power, Industrial and Other End-Uses for the Years 2023 & 2030

REST OF WORLD

Table 62: Rest of World Recent Past, Current & Future Analysis for Lithium Iron Phosphate Battery by Application - PorTable and Stationary - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 63: Rest of World 8-Year Perspective for Lithium Iron Phosphate Battery by Application - Percentage Breakdown of Value Sales for PorTable and Stationary for the Years 2023 & 2030
Table 64: Rest of World Recent Past, Current & Future Analysis for Lithium Iron Phosphate Battery by End-Use - Automotive, Power, Industrial and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 65: Rest of World 8-Year Perspective for Lithium Iron Phosphate Battery by End-Use - Percentage Breakdown of Value Sales for Automotive, Power, Industrial and Other End-Uses for the Years 2023 & 2030

IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

A123 Systems LLC
Benergy Tech Co., Ltd.
Bharat Power Solutions
BYD Co., Ltd.
Contemporary Amperex Technology Co., Limited
Electric Vehicle Power System Technology Co., Ltd. (EVPST)
HeFei GuoXuan High-Tech Power Energy Co Ltd
Johnson Matthey Battery Systems
OptimumNano Energy Co., Ltd.
Pihsiang Energy Technology Co., Ltd.
Pylon Technologies Co., Ltd.

Table Information

Report Attribute	Details
No. of Pages	233
Published	April 2024
Forecast Period	2022 - 2030
Estimated Market Value ( USD ) in 2022	$ 10 Billion
Forecasted Market Value ( USD ) by 2030	$ 31.3 Billion
Compound Annual Growth Rate	15.3%
Regions Covered	Global

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Global Lithium Iron Phosphate Battery Market to Reach $31.3 Billion by 2030

The U.S. Market is Estimated at $3 Billion, While China is Forecast to Grow at 14.6% CAGR

Select Competitors (Total 23 Featured) -

What's New?

Table of Contents

Companies Mentioned (Partial List)

Table Information

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