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Lithium Iron Phosphate Battery Market 2024-2028

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    Report

  • 163 Pages
  • March 2024
  • Region: Global
  • TechNavio
  • ID: 5786763
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The lithium iron phosphate battery market is forecasted to grow by USD 46.47 billion during 2023-2028, accelerating at a CAGR of 33.65% during the forecast period. The report on the lithium iron phosphate battery market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by decline in lithium-ion battery cost, increased government support for evs, and change in energy mix.

The lithium iron phosphate battery market is segmented as below:

By Application

  • Automotive
  • Non-automotive

By Type

  • Portable
  • Stationary

By Geographical Landscape

  • APAC
  • Europe
  • North America
  • South America
  • Middle East and Africa
This study identifies the growing investments in EV charging infrastructure as one of the prime reasons driving the lithium iron phosphate battery market growth during the next few years. Also, revision in safety standards of lithium-ion batteries and increasing adoption of microgrids will lead to sizable demand in the market.

The report on the lithium iron phosphate battery market covers the following areas:

  • Lithium iron phosphate battery market sizing
  • Lithium iron phosphate battery market forecast
  • Lithium iron phosphate battery market industry analysis
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 market vendors that include Acumentrics Inc., BYD Co. Ltd., Cegasa Energia SLU, China Aviation Lithium Battery Technology Co. Ltd., DNK POWER Co. Ltd., K2 Energy Solution Inc., Murata Manufacturing Co. Ltd., OptimumNano Energy Co. Ltd., Power Sonic Corp., Reliance Industries Ltd., TianJin Lishen Battery Joint Stock Co. Ltd., TotalEnergies SE, Ultralife Corp., Victron Energy BV, WAAREE ESS, Dragonfly Energy Holdings Corp., Gotion Inc., HARDING ENERGY INC., Innophos Holdings Inc., and Karacus Energy Pvt. Ltd.. 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 all forthcoming growth opportunities.

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 an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global lithium Iron phosphate battery market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global lithium iron phosphate battery market 2018 - 2022 ($ billion)
4.2 Application Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Application Segment 2018 - 2022 ($ billion)
4.3 Type Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Application
6.1 Market segments
Exhibit 30: Chart on Application - Market share 2023-2028 (%)
Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Automotive - Market size and forecast 2023-2028
Exhibit 34: Chart on Automotive - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on Automotive - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on Automotive - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Automotive - Year-over-year growth 2023-2028 (%)
6.4 Non-automotive - Market size and forecast 2023-2028
Exhibit 38: Chart on Non-automotive - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Non-automotive - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Non-automotive - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Non-automotive - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Application
Exhibit 42: Market opportunity by Application ($ billion)
Exhibit 43: Data Table on Market opportunity by Application ($ billion)
7 Market Segmentation by Type
7.1 Market segments
Exhibit 44: Chart on Type - Market share 2023-2028 (%)
Exhibit 45: Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
Exhibit 46: Chart on Comparison by Type
Exhibit 47: Data Table on Comparison by Type
7.3 Portable - Market size and forecast 2023-2028
Exhibit 48: Chart on Portable - Market size and forecast 2023-2028 ($ billion)
Exhibit 49: Data Table on Portable - Market size and forecast 2023-2028 ($ billion)
Exhibit 50: Chart on Portable - Year-over-year growth 2023-2028 (%)
Exhibit 51: Data Table on Portable - Year-over-year growth 2023-2028 (%)
7.4 Stationary - Market size and forecast 2023-2028
Exhibit 52: Chart on Stationary - Market size and forecast 2023-2028 ($ billion)
Exhibit 53: Data Table on Stationary - Market size and forecast 2023-2028 ($ billion)
Exhibit 54: Chart on Stationary - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Stationary - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Type
Exhibit 56: Market opportunity by Type ($ billion)
Exhibit 57: Data Table on Market opportunity by Type ($ billion)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 59: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 60: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 61: Chart on Geographic comparison
Exhibit 62: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
Exhibit 63: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 64: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 65: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 66: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 67: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 68: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 69: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 North America - Market size and forecast 2023-2028
Exhibit 71: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 72: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 73: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 75: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
Exhibit 83: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 US - Market size and forecast 2023-2028
Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
9.10 Norway - Market size and forecast 2023-2028
Exhibit 91: Chart on Norway - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on Norway - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on Norway - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on Norway - Year-over-year growth 2023-2028 (%)
9.11 Germany - Market size and forecast 2023-2028
Exhibit 95: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.12 Japan - Market size and forecast 2023-2028
Exhibit 99: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 103: Market opportunity By Geographical Landscape ($ billion)
Exhibit 104: Data Tables on Market opportunity By Geographical Landscape ($ billion)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 105: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 107: Overview on factors of disruption
11.4 Industry risks
Exhibit 108: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 109: Vendors covered
12.2 Market positioning of vendors
Exhibit 110: Matrix on vendor position and classification
12.3 Acumentrics Inc.
Exhibit 111: Acumentrics Inc. - Overview
Exhibit 112: Acumentrics Inc. - Product / Service
Exhibit 113: Acumentrics Inc. - Key offerings
12.4 BYD Co. Ltd.
Exhibit 114: BYD Co. Ltd. - Overview
Exhibit 115: BYD Co. Ltd. - Business segments
Exhibit 116: BYD Co. Ltd. - Key news
Exhibit 117: BYD Co. Ltd. - Key offerings
Exhibit 118: BYD Co. Ltd. - Segment focus
12.5 Cegasa Energia SLU
Exhibit 119: Cegasa Energia SLU - Overview
Exhibit 120: Cegasa Energia SLU - Product / Service
Exhibit 121: Cegasa Energia SLU - Key offerings
12.6 DNK POWER Co. Ltd.
Exhibit 122: DNK POWER Co. Ltd. - Overview
Exhibit 123: DNK POWER Co. Ltd. - Product / Service
Exhibit 124: DNK POWER Co. Ltd. - Key offerings
12.7 Gotion Inc.
Exhibit 125: Gotion Inc. - Overview
Exhibit 126: Gotion Inc. - Business segments
Exhibit 127: Gotion Inc. - Key offerings
Exhibit 128: Gotion Inc. - Segment focus
12.8 HARDING ENERGY INC.
Exhibit 129: HARDING ENERGY INC. - Overview
Exhibit 130: HARDING ENERGY INC. - Product / Service
Exhibit 131: HARDING ENERGY INC. - Key offerings
12.9 Innophos Holdings Inc.
Exhibit 132: Innophos Holdings Inc. - Overview
Exhibit 133: Innophos Holdings Inc. - Product / Service
Exhibit 134: Innophos Holdings Inc. - Key offerings
12.10 Murata Manufacturing Co. Ltd.
Exhibit 135: Murata Manufacturing Co. Ltd. - Overview
Exhibit 136: Murata Manufacturing Co. Ltd. - Business segments
Exhibit 137: Murata Manufacturing Co. Ltd. - Key news
Exhibit 138: Murata Manufacturing Co. Ltd. - Key offerings
Exhibit 139: Murata Manufacturing Co. Ltd. - Segment focus
12.11 OptimumNano Energy Co. Ltd.
Exhibit 140: OptimumNano Energy Co. Ltd. - Overview
Exhibit 141: OptimumNano Energy Co. Ltd. - Product / Service
Exhibit 142: OptimumNano Energy Co. Ltd. - Key offerings
12.12 Power Sonic Corp.
Exhibit 143: Power Sonic Corp. - Overview
Exhibit 144: Power Sonic Corp. - Product / Service
Exhibit 145: Power Sonic Corp. - Key offerings
12.13 Reliance Industries Ltd.
Exhibit 146: Reliance Industries Ltd. - Overview
Exhibit 147: Reliance Industries Ltd. - Business segments
Exhibit 148: Reliance Industries Ltd. - Key news
Exhibit 149: Reliance Industries Ltd. - Key offerings
Exhibit 150: Reliance Industries Ltd. - Segment focus
12.14 TianJin Lishen Battery Joint Stock Co. Ltd.
Exhibit 151: TianJin Lishen Battery Joint Stock Co. Ltd. - Overview
Exhibit 152: TianJin Lishen Battery Joint Stock Co. Ltd. - Product / Service
Exhibit 153: TianJin Lishen Battery Joint Stock Co. Ltd. - Key offerings
12.15 TotalEnergies SE
Exhibit 154: TotalEnergies SE - Overview
Exhibit 155: TotalEnergies SE - Business segments
Exhibit 156: TotalEnergies SE - Key news
Exhibit 157: TotalEnergies SE - Key offerings
Exhibit 158: TotalEnergies SE - Segment focus
12.16 Ultralife Corp.
Exhibit 159: Ultralife Corp. - Overview
Exhibit 160: Ultralife Corp. - Business segments
Exhibit 161: Ultralife Corp. - Key offerings
Exhibit 162: Ultralife Corp. - Segment focus
12.17 Victron Energy BV
Exhibit 163: Victron Energy BV - Overview
Exhibit 164: Victron Energy BV - Product / Service
Exhibit 165: Victron Energy BV - Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 166: Inclusions checklist
Exhibit 167: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 168: Currency conversion rates for US$
13.4 Research methodology
Exhibit 169: Research methodology
Exhibit 170: Validation techniques employed for market sizing
Exhibit 171: Information sources
13.5 List of abbreviations
Exhibit 172: List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Application
Exhibits 6: Executive Summary - Chart on Market Segmentation by Type
Exhibits 7: Executive Summary - Chart on Incremental Growth
Exhibits 8: Executive Summary - Data Table on Incremental Growth
Exhibits 9: Executive Summary - Chart on Vendor Market Positioning
Exhibits 10: Parent market
Exhibits 11: Market Characteristics
Exhibits 12: Offerings of vendors included in the market definition
Exhibits 13: Market segments
Exhibits 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibits 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibits 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 18: Historic Market Size - Data Table on global lithium iron phosphate battery market 2018 - 2022 ($ billion)
Exhibits 19: Historic Market Size - Application Segment 2018 - 2022 ($ billion)
Exhibits 20: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
Exhibits 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
Exhibits 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)
Exhibits 23: Five forces analysis - Comparison between 2023 and 2028
Exhibits 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 26: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 27: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 28: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 29: Chart on Market condition - Five forces 2023 and 2028
Exhibits 30: Chart on Application - Market share 2023-2028 (%)
Exhibits 31: Data Table on Application - Market share 2023-2028 (%)
Exhibits 32: Chart on Comparison by Application
Exhibits 33: Data Table on Comparison by Application
Exhibits 34: Chart on Automotive - Market size and forecast 2023-2028 ($ billion)
Exhibits 35: Data Table on Automotive - Market size and forecast 2023-2028 ($ billion)
Exhibits 36: Chart on Automotive - Year-over-year growth 2023-2028 (%)
Exhibits 37: Data Table on Automotive - Year-over-year growth 2023-2028 (%)
Exhibits 38: Chart on Non-automotive - Market size and forecast 2023-2028 ($ billion)
Exhibits 39: Data Table on Non-automotive - Market size and forecast 2023-2028 ($ billion)
Exhibits 40: Chart on Non-automotive - Year-over-year growth 2023-2028 (%)
Exhibits 41: Data Table on Non-automotive - Year-over-year growth 2023-2028 (%)
Exhibits 42: Market opportunity by Application ($ billion)
Exhibits 43: Data Table on Market opportunity by Application ($ billion)
Exhibits 44: Chart on Type - Market share 2023-2028 (%)
Exhibits 45: Data Table on Type - Market share 2023-2028 (%)
Exhibits 46: Chart on Comparison by Type
Exhibits 47: Data Table on Comparison by Type
Exhibits 48: Chart on Portable - Market size and forecast 2023-2028 ($ billion)
Exhibits 49: Data Table on Portable - Market size and forecast 2023-2028 ($ billion)
Exhibits 50: Chart on Portable - Year-over-year growth 2023-2028 (%)
Exhibits 51: Data Table on Portable - Year-over-year growth 2023-2028 (%)
Exhibits 52: Chart on Stationary - Market size and forecast 2023-2028 ($ billion)
Exhibits 53: Data Table on Stationary - Market size and forecast 2023-2028 ($ billion)
Exhibits 54: Chart on Stationary - Year-over-year growth 2023-2028 (%)
Exhibits 55: Data Table on Stationary - Year-over-year growth 2023-2028 (%)
Exhibits 56: Market opportunity by Type ($ billion)
Exhibits 57: Data Table on Market opportunity by Type ($ billion)
Exhibits 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 59: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibits 60: Data Table on Market share By Geographical Landscape 2023-2028 (%)
Exhibits 61: Chart on Geographic comparison
Exhibits 62: Data Table on Geographic comparison
Exhibits 63: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibits 64: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibits 65: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibits 66: Data Table on APAC - Year-over-year growth 2023-2028 (%)
Exhibits 67: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibits 68: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibits 69: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 70: Data Table on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 71: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibits 72: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibits 73: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibits 74: Data Table on North America - Year-over-year growth 2023-2028 (%)
Exhibits 75: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibits 76: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibits 77: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibits 78: Data Table on South America - Year-over-year growth 2023-2028 (%)
Exhibits 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibits 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibits 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits 83: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibits 84: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibits 85: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibits 86: Data Table on China - Year-over-year growth 2023-2028 (%)
Exhibits 87: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibits 88: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibits 89: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibits 90: Data Table on US - Year-over-year growth 2023-2028 (%)
Exhibits 91: Chart on Norway - Market size and forecast 2023-2028 ($ billion)
Exhibits 92: Data Table on Norway - Market size and forecast 2023-2028 ($ billion)
Exhibits 93: Chart on Norway - Year-over-year growth 2023-2028 (%)
Exhibits 94: Data Table on Norway - Year-over-year growth 2023-2028 (%)
Exhibits 95: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibits 96: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibits 97: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibits 98: Data Table on Germany - Year-over-year growth 2023-2028 (%)
Exhibits 99: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibits 100: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibits 101: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibits 102: Data Table on Japan - Year-over-year growth 2023-2028 (%)
Exhibits 103: Market opportunity By Geographical Landscape ($ billion)
Exhibits 104: Data Tables on Market opportunity By Geographical Landscape ($ billion)
Exhibits 105: Impact of drivers and challenges in 2023 and 2028
Exhibits 106: Overview on Criticality of inputs and Factors of differentiation
Exhibits 107: Overview on factors of disruption
Exhibits 108: Impact of key risks on business
Exhibits 109: Vendors covered
Exhibits 110: Matrix on vendor position and classification
Exhibits 111: Acumentrics Inc. - Overview
Exhibits 112: Acumentrics Inc. - Product / Service
Exhibits 113: Acumentrics Inc. - Key offerings
Exhibits 114: BYD Co. Ltd. - Overview
Exhibits 115: BYD Co. Ltd. - Business segments
Exhibits 116: BYD Co. Ltd. - Key news
Exhibits 117: BYD Co. Ltd. - Key offerings
Exhibits 118: BYD Co. Ltd. - Segment focus
Exhibits 119: Cegasa Energia SLU - Overview
Exhibits 120: Cegasa Energia SLU - Product / Service
Exhibits 121: Cegasa Energia SLU - Key offerings
Exhibits 122: DNK POWER Co. Ltd. - Overview
Exhibits 123: DNK POWER Co. Ltd. - Product / Service
Exhibits 124: DNK POWER Co. Ltd. - Key offerings
Exhibits 125: Gotion Inc. - Overview
Exhibits 126: Gotion Inc. - Business segments
Exhibits 127: Gotion Inc. - Key offerings
Exhibits 128: Gotion Inc. - Segment focus
Exhibits 129: HARDING ENERGY INC. - Overview
Exhibits 130: HARDING ENERGY INC. - Product / Service
Exhibits 131: HARDING ENERGY INC. - Key offerings
Exhibits 132: Innophos Holdings Inc. - Overview
Exhibits 133: Innophos Holdings Inc. - Product / Service
Exhibits 134: Innophos Holdings Inc. - Key offerings
Exhibits 135: Murata Manufacturing Co. Ltd. - Overview
Exhibits 136: Murata Manufacturing Co. Ltd. - Business segments
Exhibits 137: Murata Manufacturing Co. Ltd. - Key news
Exhibits 138: Murata Manufacturing Co. Ltd. - Key offerings
Exhibits 139: Murata Manufacturing Co. Ltd. - Segment focus
Exhibits 140: OptimumNano Energy Co. Ltd. - Overview
Exhibits 141: OptimumNano Energy Co. Ltd. - Product / Service
Exhibits 142: OptimumNano Energy Co. Ltd. - Key offerings
Exhibits 143: Power Sonic Corp. - Overview
Exhibits 144: Power Sonic Corp. - Product / Service
Exhibits 145: Power Sonic Corp. - Key offerings
Exhibits 146: Reliance Industries Ltd. - Overview
Exhibits 147: Reliance Industries Ltd. - Business segments
Exhibits 148: Reliance Industries Ltd. - Key news
Exhibits 149: Reliance Industries Ltd. - Key offerings
Exhibits 150: Reliance Industries Ltd. - Segment focus
Exhibits 151: TianJin Lishen Battery Joint Stock Co. Ltd. - Overview
Exhibits 152: TianJin Lishen Battery Joint Stock Co. Ltd. - Product / Service
Exhibits 153: TianJin Lishen Battery Joint Stock Co. Ltd. - Key offerings
Exhibits 154: TotalEnergies SE - Overview
Exhibits 155: TotalEnergies SE - Business segments
Exhibits 156: TotalEnergies SE - Key news
Exhibits 157: TotalEnergies SE - Key offerings
Exhibits 158: TotalEnergies SE - Segment focus
Exhibits 159: Ultralife Corp. - Overview
Exhibits 160: Ultralife Corp. - Business segments
Exhibits 161: Ultralife Corp. - Key offerings
Exhibits 162: Ultralife Corp. - Segment focus
Exhibits 163: Victron Energy BV - Overview
Exhibits 164: Victron Energy BV - Product / Service
Exhibits 165: Victron Energy BV - Key offerings
Exhibits 166: Inclusions checklist
Exhibits 167: Exclusions checklist
Exhibits 168: Currency conversion rates for US$
Exhibits 169: Research methodology
Exhibits 170: Validation techniques employed for market sizing
Exhibits 171: Information sources
Exhibits 172: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the global lithium iron phosphate battery market: Acumentrics Inc., BYD Co. Ltd., Cegasa Energia SLU, China Aviation Lithium Battery Technology Co. Ltd., DNK POWER Co. Ltd., K2 Energy Solution Inc., Murata Manufacturing Co. Ltd., OptimumNano Energy Co. Ltd., Power Sonic Corp., Reliance Industries Ltd., TianJin Lishen Battery Joint Stock Co. Ltd., TotalEnergies SE, Ultralife Corp., Victron Energy BV, WAAREE ESS, Dragonfly Energy Holdings Corp., Gotion Inc., HARDING ENERGY INC., Innophos Holdings Inc., and Karacus Energy Pvt. Ltd..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is growing investments in EV charging infrastructure."

According to the report, one of the major drivers for this market is the decline in lithium-ion battery cost.

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.

Companies Mentioned (Partial List)

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

  • Acumentrics Inc.
  • BYD Co. Ltd.
  • Cegasa Energia SLU
  • China Aviation Lithium Battery Technology Co. Ltd.
  • DNK POWER Co. Ltd.
  • K2 Energy Solution Inc.
  • Murata Manufacturing Co. Ltd.
  • OptimumNano Energy Co. Ltd.
  • Power Sonic Corp.
  • Reliance Industries Ltd.
  • TianJin Lishen Battery Joint Stock Co. Ltd.
  • TotalEnergies SE
  • Ultralife Corp.
  • Victron Energy BV
  • WAAREE ESS
  • Dragonfly Energy Holdings Corp.
  • Gotion Inc.
  • HARDING ENERGY INC.
  • Innophos Holdings Inc.
  • Karacus Energy Pvt. Ltd.

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