Market Overview:
The global LFP battery market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric vehicles, electric tools, and medical equipment. In terms of type, the below 500mAh LFP battery segment is expected to account for a major share of the global LFP battery market during the forecast period. This can be attributed to its low cost and high efficiency. In terms of application, the electric vehicles segment is expected to account for a major share of the global LFP battery market during the forecast period.
Product Definition:
A lithium-ion phosphate battery (LiFePO4 battery) is a type of rechargeable battery using LiFePO4 as a cathode material. Compared to other lithium ion chemistries, LiFePO4 batteries have demonstrated much longer cycle life and improved safety profiles.
Below 500mAh LFP Battery:
Below 500 mAh LFP battery is a type of lithium-ion polymer battery used in light field batteries (LFP). It has the ability to provide high power density and long life cycle. These batteries are mainly used in electric vehicles (EV) and stationary storage systems. The growing penetration of EV, especially for passenger cars, will boost demand for below 500 mAh LFP battery over the forecast period.
500-1000mAh LFP Battery:
500-1000mAh LFP battery is used in LFP Battery Market for power supply of equipment such as wireless sensors, LED lightings and other devices. It has a small form factor and can be easily installed in any device. 500-1000 mAh batteries are designed to provide enough power required for the devices which have low energy requirements.
Application Insights:
The electric vehicles segment dominated the global LFP battery market in terms of revenue share in 2017. The growth can be attributed to increasing production of EVs, such as passenger cars and heavy-duty vehicles, globally. For instance, as per the International Energy Agency Report 2016, around 40% of global EV sales are expected to occur in Asia Pacific region. Furthermore, countries such as China and India are focusing on increasing their investment for promoting Electric Vehicles (EVs) production which is further driving the demand for LFP batteries across various applications including electric tool and medical equipment over the forecast period.
The electric tool segment is anticipated to witness significant growth over the forecast period owing to rising demand from industrial applications including metal cutting machines.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The regional growth can be attributed to increasing demand for energy storage devices, particularly from emerging economies such as China and India. Increasing penetration of renewable energy sources in countries like China, Japan, South Korea has led to an increase in demand for LFP batteries across various applications including EVs and wind power systems.
Europe accounted for a significant share of revenue generation owing to growing product adoption across several end-use industries such as medical equipment & supplies; telecommunication; transportation & logistics; consumer electronics among others. North America region is projected to witness substantial growth over the forecast period owing to rising product adoption by key players operating within this industry verticals including telecom equipment manufacturers who are increasingly adopting these batteries due their lightweight characteristics which enhance operational efficiency of mobile phones or smartphones thereby driving overall regional market development trends at a steady pace during the estimated time frame i.e.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This will lead to an increase in the demand for LFP batteries, as they are used in electric vehicles.
- Growing demand from renewable energy sector: The global renewable energy market is expected to grow at a CAGR of more than 10% during the forecast period. This will lead to an increase in the demand for LFP batteries, as they are used in renewable energy applications such as solar and wind power plants.
- Rising investment in smart grid infrastructure: The global investment in smart grid infrastructure is expected to grow at a CAGR of more than 15% during the forecast period. This will lead to an increase in the demand for LFP batteries, as they are used extensivelyin smart grids applications such as voltage regulation and frequency control .
Scope Of The Report
Report Attributes
Report Details
Report Title
LFP Battery Market Research Report
By Type
Below 500mAh LFP Battery, 500-1000mAh LFP Battery, Above 1000mAh LFP Battery
By Application
Electric Vehicles, Electric Tool, Medical Equipment
By Companies
A123 Systems, Valence, EuropeanBatteriesOy, General Electronics Battery, Conhis Motor Technology, Howell Energy, Electric Vehicle Power System Technology, Shenzhen OptimumNano Energy, GUOXUAN, A123 Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global LFP Battery Market Report Segments:
The global LFP Battery market is segmented on the basis of:
Types
Below 500mAh LFP Battery, 500-1000mAh LFP Battery, Above 1000mAh LFP Battery
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Electric Vehicles, Electric Tool, Medical Equipment
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- A123 Systems
- Valence
- EuropeanBatteriesOy
- General Electronics Battery
- Conhis Motor Technology
- Howell Energy
- Electric Vehicle Power System Technology
- Shenzhen OptimumNano Energy
- GUOXUAN
- A123 Systems
Highlights of The LFP Battery Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Below 500mAh LFP Battery
- 500-1000mAh LFP Battery
- Above 1000mAh LFP Battery
- By Application:
- Electric Vehicles
- Electric Tool
- Medical Equipment
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the LFP Battery Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
LFP Battery is a new type of battery that uses light and electricity to store energy. The battery can be charged using light, which makes it an ideal power source for devices that need quick charging, such as smartphones and tablets.
Some of the major companies in the lfp battery market are A123 Systems, Valence, EuropeanBatteriesOy, General Electronics Battery, Conhis Motor Technology, Howell Energy, Electric Vehicle Power System Technology, Shenzhen OptimumNano Energy, GUOXUAN, A123 Systems.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LFP Battery Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 LFP Battery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LFP Battery Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the LFP Battery Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global LFP Battery Market Size & Forecast, 2020-2028
4.5.1 LFP Battery Market Size and Y-o-Y Growth
4.5.2 LFP Battery Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Below 500mAh LFP Battery
5.2.2 500-1000mAh LFP Battery
5.2.3 Above 1000mAh LFP Battery
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Electric Vehicles
6.2.2 Electric Tool
6.2.3 Medical Equipment
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LFP Battery Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 LFP Battery Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Below 500mAh LFP Battery
9.6.2 500-1000mAh LFP Battery
9.6.3 Above 1000mAh LFP Battery
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Electric Vehicles
9.10.2 Electric Tool
9.10.3 Medical Equipment
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Below 500mAh LFP Battery
10.6.2 500-1000mAh LFP Battery
10.6.3 Above 1000mAh LFP Battery
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Electric Vehicles
10.10.2 Electric Tool
10.10.3 Medical Equipment
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Below 500mAh LFP Battery
11.6.2 500-1000mAh LFP Battery
11.6.3 Above 1000mAh LFP Battery
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Electric Vehicles
11.10.2 Electric Tool
11.10.3 Medical Equipment
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Below 500mAh LFP Battery
12.6.2 500-1000mAh LFP Battery
12.6.3 Above 1000mAh LFP Battery
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Electric Vehicles
12.10.2 Electric Tool
12.10.3 Medical Equipment
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Below 500mAh LFP Battery
13.6.2 500-1000mAh LFP Battery
13.6.3 Above 1000mAh LFP Battery
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Electric Vehicles
13.10.2 Electric Tool
13.10.3 Medical Equipment
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 LFP Battery Market: Competitive Dashboard
14.2 Global LFP Battery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 A123 Systems
14.3.2 Valence
14.3.3 EuropeanBatteriesOy
14.3.4 General Electronics Battery
14.3.5 Conhis Motor Technology
14.3.6 Howell Energy
14.3.7 Electric Vehicle Power System Technology
14.3.8 Shenzhen OptimumNano Energy
14.3.9 GUOXUAN
14.3.10 A123 Systems
