Lithium Iron Phosphate Market Definition
Battery technologies are fast emerging as sustainable energy revolution gains the limelight. Lithium-iron-phosphate (LFP) as battery technology, is growing owing to its high level of safety. The United States, along with Japan are top providers of this battery technology. The emergence of electric vehicles in the future is likely to propel the market for lithium-powered batteries.
The market study is broken down by Type (High Temperature Solid Phase Synthesis, Sol-Gel Method, Coprecipitation Method and Others), by Application (Consumer Electronic Battery, Automobile Battery and Others) and major geographies with country level splits.
Research Analyst at AMA estimates that United States & Japanese Manufacturers will contribute to the maximum growth of Global Lithium Iron Phosphate market throughout the predicted period.
Panasonic Corporation (Japan), Toshiba Corporation (Japan), LG Chem (South Korea), AKASOL AG (Germany), Power-Sonic Corporation (United States), Bisco Industries (United States), Mouser Electronics, Inc. (United States), Ultralife Battery & Energy Products (United States), Samsung SDI Co., Ltd (South Korea) and BYD Company Ltd. (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Valence Technology (United States), Wanxiang Group Corporation (China), Formosa Energy Pty Ltd (Australia), Bharat Power Solutions (India), F.W. Webb Company. (United States), GS Yuasa Lithium Power (Japan), Envision AESC SDI Co., Ltd. (Japan) and Lithium Energy Japan (Japan).
AdvanceMarketAnalytics has segmented the market of Global Lithium Iron Phosphate market by Type, Application and Region.
On the basis of geography, the market of Lithium Iron Phosphate has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In 2018, Lithium Werks acquires A123 Systems, a subsidiary of Wanxiang Group Corporation located in China. The purpose of the acquisition aims to propel Lithium Werks into a leadership position in the Lithium Iron Phosphate market globally.
- Popular For Marine Traction Applications Owing To Its Safety and Long Battery Life Factors
- Increased Adoption in the Robotics Industry
- Increasing Demand for Electric Vehicles Worldwide
- Government Initiatives to Raise E-Vehicle Demand in Emerging Economies
- Government Initiated Safety Norms
- High Cost of Raw Materials
Key Target AudienceBattery Manufacturer, Traders/Distributors/Suppliers, Raw Material Supplier, End-User, Government Funding Agencies and Others
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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