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

More News From Daily Nomad

With parents detained, Uighur kids in care of Chinese state

Sep 21, 2018

ISTANBUL — Every morning, Meripet wakes up to her nightmare: The Chinese government has turned four of her children into orphans, even though she and their father are alive. Meripet and her husband left the kids with their grandmother at home in China when they went to nurse Meripet's sick father in Turkey. But after Chinese authorities started locking up thousands of their fellow ethnic Uighurs for alleged subversive crimes such as travel abroad, a visit became exile. Then, her mother-in-law was also taken prisoner, and Meripet learned from a friend that her 3- to 8-year-olds had been placed in...

Iran's domestic car market stalls as nuclear deal falters

Sep 21, 2018

TEHRAN, Iran — Across Iran's capital, rush-hour traffic always grinds to a halt, a sea of boxy Renault four-doors and Peugeot coupes all idling their way through the streets of Tehran. Soon, however, Iran's faltering nuclear deal with world powers may be what causes the country's domestic automotive market to stall out. As Iran's currency suffers precipitous falls against the U.S. dollar — the rial lost two-thirds of its value against the dollar since President Donald Trump withdrew America from the accord — cars are growing more and more expensive even as tens of thousands clamor to order domestic models...

Indian flight returns after passengers ill by pressure loss

Sep 21, 2018

NEW DELHI — A Jet Airways flight returned to Mumbai, India's financial capital, on Thursday after dozens of passengers complained of ear pain and nose bleeding due to the loss in cabin pressure. An airline statement said Flight 9W697 with 166 passengers and five crew members landed normally in Mumbai. Medical help was given to 30 passengers. Oxygen masks were deployed during the emergency aboard the Boeing 737, said Darshak Hathi, a passenger. According to Flightradar24 aviation tracking site, the plane stopped climbing at 11,000 feet (3,350 meters) before returning to Mumbai. Hathi also said there was a problem with...

India bans instant divorce by Muslim men

Sep 21, 2018

NEW DELHI — India's government on Wednesday approved an ordinance to implement a top court ruling striking down the Muslim practice that allows men to instantly divorce. The government decision came after it failed to get approval from Parliament a year after the court ruled that the practice of allowing men to divorce by simply uttering the Arabic word for divorce — "talaq" — three times violated the constitutional rights of Muslim women. Most of the 170 million Muslims in India are Sunnis governed by the Muslim Personal Law for family matters and disputes. The laws include allowing the practice,...

Egypt says it fights fake news, critics see new crackdown

Sep 21, 2018

CAIRO — Echoing some of President Donald Trump's rhetoric, authorities in Egypt are taking aim at an alleged barrage of "fake news" they say is meant to sow division and undermine the rule of general-turned-president Abdel-Fattah el-Sissi. Under a new law, the state's top media regulatory agency can now use the "fake news" label to shut down social media accounts with more than 5,000 followers, without having to obtain a court order. Another new law allows blocking websites with content deemed a threat to national security. Last month, the government set up a unit tracking alleged rumors, after el-Sissi claimed...

Sign up now!

About Us

Welcome to the Daily Nomad, a peek into our nomadic lifestyle where you’ll learn more of our culture and live happy, wild, and free.

Contact us: sales[at]daily-nomad.com