Lithium Iron Phosphate Battery Market by Key Manufacturers, Production Types, Power Capacity, Application & Specification, Forecast to 2023

Orbis Research has announced the addition of the "Global Lithium Iron Phosphate Battery Market 2018 - 2023" report to their offering. The automobile sector is the major application segment of lithium iron phosphate batteries on account of its fitment of use.

Dallas, United States - April 17, 2018 /MarketersMedia/ —

The Lithium Iron Phosphate Battery Market is in its nascent phase and it is anticipated to witness robust growth in the near future on account of its expanding application. The development of battery technologies has triggered a paradigm shift in power sector, which has resulted in widespread deployment of energy storage systems.

The increasing focus on the reduction of pollution has resulted in the shifting of focus from conventional vehicles to electric vehicles.

Request sample copy of Lithium Iron Phosphate Battery Market at:
http://orbisresearch.com/contacts/request-sample/2095248

The increasing penetration of electric vehicles is likely to promulgate the lithium iron battery market. Apart from that the development of renewable energy, infrastructure is a big boost for lithium iron battery market. The integration of renewable energy resources with power grid networks requires usage of lithium iron phosphate batteries as a backup. The industrial growth, globally, has triggered increased demand of energy, which has to be met in the most efficient and economical way. The favorable government policies in countries, such as China, Japan and South Korea are helping the lithium iron phosphate battery market flourish. Moreover, the governments across the globe are focused on the development of green and eco-friendly technologies, which would drive the lithium iron phosphate market position during 2018-2023 (henceforth referred to as the forecast period).

Read details of the report at: http://orbisresearch.com/reports/index/global-lithium-iron-phosphate-battery-market-analysis-of-growth-trends-and-forecasts-2018-2023

Focus on Renewable Energy Integration – Accelerates Market Growth

Globally, the renewable energy integration with electricity grid network is providing impetus to the lithium iron battery market. The deployment of renewable energy in the energy mix is envisaged to reduce green-house gases emissions from the power sector. The major hurdle in the development of renewable energy infrastructure is the intermittency associated with power generation from renewable energy sources. The technological advancements in area of battery storage technology has improved the likeliness of eliminating intermittency from renewable power sources. The lithium iron phosphate batteries’ various features, such as long cycle life, high safety and high temperature resistance, which make them sought after for energy storage purposes. Therefore, the surging penetration of renewable energy sources is expected to drive the lithium iron phosphate battery market during the forecast period.

Automobile Sector - Major Market

The automobile sector is the major application segment of lithium iron phosphate batteries on account of its fitment of use. The adoption of electric vehicles is likely to increase on account of policy level support from the governments across the globe, which would drive the market for lithium iron battery in the near future.

Asia-Pacific to Dominate the Market Growth

Asia-Pacific is expected to dominate the market owing to increasing industrialization and massive deployment of electric vehicles in the countries such as China and Japan. The green-energy initiatives in Asia-Pacific countries is very important in the backdrop of carbon dioxide emissions in the region, which accounts for 48.2% of global emissions. Therefore, the green-energy initiatives in Asia-Pacific would provide a big boost to lithium iron phosphate battery market during the forecast period.

Key Developments in the Market

January 2018: Chinese battery maker, Narada, won a contract of worth around USD 40 million to supply a lithium iron phosphate (LFP) battery system to a telecom operator in Bangladesh.
January 2018: France based storage and microgrid developer, Electro Power Systems (EPS) was acquired by utility ENGIE.
MAJOR PLAYERS: A123 SYSTEMS Inc., BENERGY TECH Co. Ltd, BHARAT POWER SOLUTIONS BYD Co. Ltd, CONTEMPORARY AMPEREX TECHNOLOGIES Ltd, ELECTRIC VEHICLE POWER SYSTEM TECHNOLOGY Co. Ltd (EVPST), HEFEI GUOXUAN HI-TECH POWER ENERGY Co. Ltd, amongst others.

Reasons to Purchase This Report

Identify the drivers, restraints, and opportunity possessed by the global lithium iron phosphate battery market with in-depth analysis.
Analyze the various perspectives of the market with the help of Porter’s five forces analysis.
Identify the largest, fastest growing, and significant regions during the forecast period.
Identify the latest developments, market shares and strategies employed by the major market players.
3 months analyst support, along with the Market Estimate sheet (in excel).
Customization of the Report

This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.

Companies Mentioned:

A123 Systems, Inc.,
Benergy Tech Co. Ltd,
Bharat Power Solutions,
BYD Co Ltd,
Contemporary Amperex Technologies Ltd.,
Electric Vehicle Power System Technology Co., Ltd (EVPST),
Hefei Guoxuan Hi-Tech Power Energy Co., Ltd.,
Johnson Matthey Battery Systems,
OptimumNano Energy Co.,Ltd.,
Pihsiang Energy Technology Co., Ltd. (PHET),
Pylon Technologies, Co. Ltd

Enquire more details of the report at: http://orbisresearch.com/contact/purchase/2095248
About Us:

Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.

Contact Info:
Name: Hector Costello
Email: sales@orbisresearch.com
Organization: Orbis Research
Address: 4144N Central Expressway, Suite 600
Phone: +1 (214) 884-6817

Source URL: https://marketersmedia.com/lithium-iron-phosphate-battery-market-by-key-manufacturers-production-types-power-capacity-application-specification-forecast-to-2023/331911

For more information, please visit http://orbisresearch.com/reports/index/global-lithium-iron-phosphate-battery-market-analysis-of-growth-trends-and-forecasts-2018-2023

Source: MarketersMedia

Release ID: 331911

Latest News

Board approves austerity plans for Puerto Rico amid protests

Apr 20, 2018

SAN JUAN, Puerto Rico — A majority of federal control board members approved new austerity measures for Puerto Rico on Thursday, saying they would help revitalize the economy and create more jobs amid the U.S. territory's 11-year recession, while the island's governor fired off a flurry of tweets promising to defy them. The measures contained within several fiscal plans that will serve as the island's economic blueprint for the next five years include a 10 percent average cut to a pension system facing nearly $50 billion in liabilities. Other measures include the closure of prisons, consolidation of dozens of state...

Stocks post first loss of the week as tech companies drop

Apr 20, 2018

Losses among technology and consumer products companies weighed on U.S. stocks Thursday, snapping a three-day winning streak for the market. Banks bucked the trend, rising along with bond yields. Energy companies also eked out a slight gain, despite a late-afternoon downturn in oil prices. The broad market slide came as investors pored over the latest corporate quarterly results. "The earnings were a little bit disappointing today and we're just really seeing, especially within the tech sector, follow-through on some of the big names that have reported disappointing numbers in some key spaces," said Lindsey Bell, an investment strategist at CFRA...

IMF's Lagarde: Trade tensions threaten global economy

Apr 20, 2018

WASHINGTON — The head of the International Monetary Fund warned Thursday that the healthiest global economy in years is threatened by rising debt levels, volatile financial markets and a simmering trade dispute between the world's two biggest economies. IMF Managing Director Christine Lagarde told reporters a U.S.-China trade war "will not be something that will affect only the two countries because the world is so interconnected. It will affect the global economy." For now, the IMF expects the global economy to grow 3.9 percent this year, the fastest since 2011. But Lagarde says "we are seeing more clouds accumulating on...

Markets Right Now: First loss this week for US stocks

Apr 20, 2018

NEW YORK — The latest on developments in financial markets (all times local): 4 p.m. The stock market had its first loss of the week as technology companies and consumer products makers led U.S. indexes lower. Apple lost 2.8 percent Thursday and tobacco maker Philip Morris International plunged 15.6 percent after reporting weak results, noting that sales of its iQos device in Japan were slow. Banks bucked the downward trend and rose along with bond yields. Bank of New York Mellon climbed 5.7 percent. Energy stocks also rose. Philips 66 rose 1.6 percent. The S&P 500 index fell 15 points,...

A willingness to fix the euro's flaws is fading fast

Apr 20, 2018

FRANKFURT, Germany — When Angela Merkel was re-elected as Germany's leader in March, the way looked open for European nations to finally patch the remaining cracks in the euro — the structural flaws that threatened to break apart the shared currency in 2010-12. Suddenly, those prospects for far-reaching agreements are fading, as one proposal after another falls by the wayside. The reason: longstanding German fears of being handed the bill for financial profligacy in other member countries. A long-awaited European Union summit June 28-29 may now produce vague agreements only on limited parts of wide-ranging proposals to strengthen the way...

Broaden News
Search

Manage The Numbers is the world’s fastest-growing finance news website, featuring the latest money and market news, along with in-depth analysis so you can make the best decision.

Contact us: sales@managethenumbers.com

Subscribe to our newsletter!

Name

Email