LONDON--(BUSINESS WIRE)--Technavio has been monitoring the lithium iron phosphate battery market and it is poised to grow by USD 9.35 billion during 2020-2024. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio's latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Lithium Iron Phosphate Battery Market Download free sample report
The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. BYD Co. Ltd., Contemporary Amperex Technology Co. Ltd., DNK POWER Co. Ltd., Lithium Werks BV, Murata Manufacturing Co. Ltd., OptimumNano Energy Co. Ltd., RELiON Battery LLC, Saft Groupe SA, Tianjin Lishen Battery Co. Ltd., and Ultralife Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The decline in lithium-ion battery cost has been instrumental in driving the growth of the market. However, competition from other types of batteries might hamper the market growth.
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Lithium Iron Phosphate Battery Market 2020-2024: Segmentation
Lithium Iron Phosphate Battery Market is segmented as below:
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Lithium Iron Phosphate Battery Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our lithium iron phosphate battery market report covers the following areas:
■ Lithium Iron Phosphate Battery Market Size
■ Lithium Iron Phosphate Battery Market Trends
■ Lithium Iron Phosphate Battery Market Industry Analysis
This study identifies increasing investments in the electric vehicle (EV) charging infrastructure as one of the prime reasons driving the lithium iron phosphate battery market growth during the next few years.
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Lithium Iron Phosphate Battery Market 2020-2024: Key Highlights
■ CAGR of the market during the forecast period 2020-2024
■ Detailed information on factors that will assist lithium iron phosphate battery market growth during the next five years
■ Estimation of the lithium iron phosphate battery market size and its contribution to the parent market
■ Predictions on upcoming trends and changes in consumer behavior
■ The growth of the lithium iron phosphate battery market
■ Analysis of the market’s competitive landscape and detailed information on vendors
■ Comprehensive details of factors that will challenge the growth of lithium iron phosphate battery market vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
■ 2.1 Preface
■ 2.2 Preface
■ 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
■ Market ecosystem
■ Market characteristics
■ Value chain analysis
■ Market segmentation analysis
PART 04: MARKET SIZING
■ Market definition
■ Market sizing 2019
■ Market outlook
■ Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
■ Bargaining power of buyers
■ Bargaining power of suppliers
■ Threat of new entrants
■ Threat of substitutes
■ Threat of rivalry
■ Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
■ Market segmentation by application
■ Comparison by application
■ Automotive - Market size and forecast 2019-2024
■ Non-automotive - Market size and forecast 2019-2024
■ Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
■ Geographic segmentation
■ Geographic comparison
■ APAC - Market size and forecast 2019-2024
■ Americas - Market size and forecast 2019-2024
■ EMEA - Market size and forecast 2019-2024
■ Key leading countries
■ Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
■ Market drivers
■ Market challenges
PART 11: MARKET TRENDS
■ Growing investments in EV charging infrastructure
■ Revision in safety standards of lithium-ion batteries
■ Increasing adoption of microgrids
PART 12: VENDOR LANDSCAPE
■ Landscape disruption
■ Competitive scenario
PART 13: VENDOR ANALYSIS
■ Vendors covered
■ Vendor classification
■ Market positioning of vendors
■ BYD Co. Ltd.
■ Contemporary Amperex Technology Co. Ltd.
■ DNK POWER Co. Ltd.
■ Lithium Werks BV
■ Murata Manufacturing Co. Ltd.
■ OptimumNano Energy Co. Ltd.
■ RELiON Battery LLC
■ Saft Groupe SA
■ Tianjin Lishen Battery Co. Ltd.
■ Ultralife Corp.
PART 14: APPENDIX
■ Research methodology
■ List of abbreviations
■ Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.