Group items tagged

If you are someone who is looking for a123 systems news, then make sure that you read the complete article . Here you will be provided with all the resources to latest a123 systems news, the latest happenings and its current stock price. Make sure that you read the entire article but by any chance i

the lithium iron phosphate batteries market size is expected to grow from an estimated USD 8.3 billion in 2019 to USD 10.6 billion by 2024, at a CAGR of 5.0%. Rising demand for electric and hybrid electric vehicles and high requirement of renewable energy storage are driving the lithium iron phosphate batteries industry. Browse 101 market data Tables and 29 Figures spread through 150 Pages and in-depth TOC on "Lithium Iron Phosphate Batteries Market - Global Forecast to 2024" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=77659282 Automotive: The largest segment of the lithium iron phosphate batteries market, by industry The lithium iron phosphate batteriesmarket is segmented by industry, power capacity, application, and region. The market is segmented, by industry, into automotive, power, industrial, and others. The automotive segment accounted for the largest share of the market in 2018. The automotive industry includes battery-driven vehicles such as electric vehicles, which further include hybrid electric vehicles, plug-in electric vehicles, e-bikes, and automated guided vehicles, which are major consumers of lithium iron phosphate batteries. The 16,251-50,000 mAh segment is estimated to have the highest growth rate in the lithium iron phosphate batteries market, by power capacity The market is segmented, by power capacity, into 0-16,250 mAh, 16,251-50,000 mAh, 50,001-100,000 mAh, and 100,001-540,000 mAh. The 16,251-50,000 mAh application segment is estimated to lead the market in terms of growth. The growth of the segment is mainly because of its rising demand from various applications like automobile, power, industrial, and others.

The global lithium iron phosphate batteries market is projected to reach USD 35.5 billion by 2028 from an estimated USD 17.7 billion in 2023, at a CAGR of 14.9% during the forecast period. The growing investments in building offshore wind farms will positively impact the lithium iron phosphate batteries market. Key Market Players BYD Company Ltd. (China), Contemporary Amperex Technology Co., Limited. (China), Gotion, Inc. (US), CALB (China), and A123 Systems LLC (US)