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LITHIUM IRON PHOSPHATE BATTERY

Global Market Trajectory & Analytics

MCP13063

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  •  DATE

    JULY 2020

  •  TABLES

    82

  •  PAGES

    159

  •  EDITION

    9

  •  PRICE

    USD $4950


COVID-19 IMPACT SURVEY
Amid the COVID-19 crisis, the global market for Lithium Iron Phosphate Battery estimated at US$8 Billion in the year 2020, is projected to reach a revised size of US$29.9 Billion by 2027, growing at a CAGR of 20.7% over the analysis period 2020-2027.Ethylene Carbonate, one of the segments analyzed in the report, is projected to grow at a 19.8% CAGR to reach US$5.1 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Phosphorous Trichloride segment is readjusted to a revised 22.2% CAGR for the next 7-year period. This segment currently accounts for a 8.7% share of the global Lithium Iron Phosphate Battery market.
The Lithium Iron Phosphate Battery market in the U.S. is estimated at US$2.4 Billion in the year 2020. The country currently accounts for a 29.66% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$5.1 Billion in the year 2027 trailing a CAGR of 19.9% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.6% and 17.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 15.1% CAGR while Rest of European market (as defined in the study) will reach US$5.1 Billion by the year 2027.
In the global Phosphorous Pentachloride segment, USA, Canada, Japan, China and Europe will drive the 19.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$426.7 Million in the year 2020 will reach a projected size of US$1.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.7 Billion by the year 2027.We bring years of research experience to this 9th edition of our report. The 159-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others, A123 Systems LLC; Benergy Tech Co., Ltd.; Bharat Power Solutions; BYD Co., Ltd.; Contemporary Amperex Technology Co., Limited; Electric Vehicle Power System Technology Co., Ltd. (EVPST); HeFei GuoXuan High-Tech Power Energy Co Ltd; Johnson Matthey Battery Systems; OptimumNano Energy Co., Ltd.; Pihsiang Energy Technology Co., Ltd.; Pylon Technologies Co., Ltd.
» Application (Consumer Electronics, Electric vehicles & Hybrid Electric Vehicles, Renewable Power Generation, Other Applications) » Raw Material (Ethylene Carbonate, Phosphorous Trichloride, Phosphorous Pentachloride, Graphite, Lithium Fluoride, Lithium Iron Phosphate, Polyvinylidene Fluoride, Other Raw Materials)
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World

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