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LiFePO4 Battery-Global Market Insights and Sales Trends 2024
Synopsis
The global LiFePO4 Battery market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of LiFePO4 Battery in various end use industries. The expanding demands from the Electric Vehicles, Electric Tool and Medical Equipment,, are propelling LiFePO4 Battery market. Below 500mAh, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the 500-1000mAh segment is estimated at % CAGR for the next seven-year period.
China's policy on lithium-ion batteries mainly focuses on lithium-ion batteries. In 2015, in order to strengthen the management of lithium-ion battery industry and improve the development level of the industry, China formulated the Standard of Lithium-ion Battery Industry. the global sales of new energy vehicles reached 10.8 million units in 2022, with a year-on-year increase of 61.6%. In 2022, China new energy vehicle sales reached 6.8 million units, and the global share increased to 63.6%. In Q4 2022, sales penetration rate of China's new energy vehicle reached 27%, while the global average penetration rate was only 15%. Europe penetration was 19%, and North America penetration rate was only 6%. Lithium batteries will fully benefit from the high growth of downstream demand. According to the Ministry of Industry and Information Technology, China's lithium-ion battery production reached 750 GWh in 2022, up more than 130 percent year on year. Among them, the output of lithium energy storage battery exceeded 100 GWh, and the total output value of the industry exceeded 1.2 trillion yuan. The industrial application of lithium battery was also growing rapidly. In 2022, the loading capacity of new energy vehicle power battery was about 295 GWh, and the new energy vehicle power battery was about 295 GWh. According to our research, in 2022, the overall global lithium-ion battery shipments were 957GWh, a year-on-year increase of 70%. Global vehicle power battery (EV LIB) shipments were 684GWh, a year-on-year increase of 84%; Energy storage battery (ESS LIB) shipments were 159.3GWh, a year-on-year increase of 140%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for LiFePO4 Battery, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global LiFePO4 Battery market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global LiFePO4 Battery market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, LiFePO4 Battery sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of LiFePO4 Battery covered in this report include A123 Systems, Valence, General Electronics Battery, Conhis Motor Technology, Howell Energy, Electric Vehicle Power System Technology and GUOXUAN, etc.
The global LiFePO4 Battery market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
A123 Systems
Valence
General Electronics Battery
Conhis Motor Technology
Howell Energy
Electric Vehicle Power System Technology
GUOXUAN
Global LiFePO4 Battery market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global LiFePO4 Battery market, Segment by Type:
Below 500mAh
500-1000mAh
Above 1000mAh
Global LiFePO4 Battery market, by Application
Electric Vehicles
Electric Tool
Medical Equipment
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of LiFePO4 Battery manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of LiFePO4 Battery in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
The global LiFePO4 Battery market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of LiFePO4 Battery in various end use industries. The expanding demands from the Electric Vehicles, Electric Tool and Medical Equipment,, are propelling LiFePO4 Battery market. Below 500mAh, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the 500-1000mAh segment is estimated at % CAGR for the next seven-year period.
China's policy on lithium-ion batteries mainly focuses on lithium-ion batteries. In 2015, in order to strengthen the management of lithium-ion battery industry and improve the development level of the industry, China formulated the Standard of Lithium-ion Battery Industry. the global sales of new energy vehicles reached 10.8 million units in 2022, with a year-on-year increase of 61.6%. In 2022, China new energy vehicle sales reached 6.8 million units, and the global share increased to 63.6%. In Q4 2022, sales penetration rate of China's new energy vehicle reached 27%, while the global average penetration rate was only 15%. Europe penetration was 19%, and North America penetration rate was only 6%. Lithium batteries will fully benefit from the high growth of downstream demand. According to the Ministry of Industry and Information Technology, China's lithium-ion battery production reached 750 GWh in 2022, up more than 130 percent year on year. Among them, the output of lithium energy storage battery exceeded 100 GWh, and the total output value of the industry exceeded 1.2 trillion yuan. The industrial application of lithium battery was also growing rapidly. In 2022, the loading capacity of new energy vehicle power battery was about 295 GWh, and the new energy vehicle power battery was about 295 GWh. According to our research, in 2022, the overall global lithium-ion battery shipments were 957GWh, a year-on-year increase of 70%. Global vehicle power battery (EV LIB) shipments were 684GWh, a year-on-year increase of 84%; Energy storage battery (ESS LIB) shipments were 159.3GWh, a year-on-year increase of 140%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for LiFePO4 Battery, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global LiFePO4 Battery market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global LiFePO4 Battery market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, LiFePO4 Battery sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of LiFePO4 Battery covered in this report include A123 Systems, Valence, General Electronics Battery, Conhis Motor Technology, Howell Energy, Electric Vehicle Power System Technology and GUOXUAN, etc.
The global LiFePO4 Battery market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
A123 Systems
Valence
General Electronics Battery
Conhis Motor Technology
Howell Energy
Electric Vehicle Power System Technology
GUOXUAN
Global LiFePO4 Battery market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global LiFePO4 Battery market, Segment by Type:
Below 500mAh
500-1000mAh
Above 1000mAh
Global LiFePO4 Battery market, by Application
Electric Vehicles
Electric Tool
Medical Equipment
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of LiFePO4 Battery manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of LiFePO4 Battery in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 LiFePO4 Battery Market Overview
1.1 LiFePO4 Battery Product Overview
1.2 LiFePO4 Battery Market Segment by Type
1.2.1 Below 500mAh
1.2.2 500-1000mAh
1.2.3 Above 1000mAh
1.3 Global LiFePO4 Battery Market Size by Type
1.3.1 Global LiFePO4 Battery Market Size Overview by Type (2018-2029)
1.3.2 Global LiFePO4 Battery Historic Market Size Review by Type (2018-2023)
1.3.3 Global LiFePO4 Battery Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America LiFePO4 Battery Sales Breakdown by Type (2018-2023)
1.4.2 Europe LiFePO4 Battery Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific LiFePO4 Battery Sales Breakdown by Type (2018-2023)
1.4.4 Latin America LiFePO4 Battery Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa LiFePO4 Battery Sales Breakdown by Type (2018-2023)
2 Global LiFePO4 Battery Market Competition by Company
2.1 Global Top Players by LiFePO4 Battery Sales (2018-2023)
2.2 Global Top Players by LiFePO4 Battery Revenue (2018-2023)
2.3 Global Top Players by LiFePO4 Battery Price (2018-2023)
2.4 Global Top Manufacturers LiFePO4 Battery Manufacturing Base Distribution, Sales Area, Product Type
2.5 LiFePO4 Battery Market Competitive Situation and Trends
2.5.1 LiFePO4 Battery Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by LiFePO4 Battery Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in LiFePO4 Battery as of 2022)
2.7 Date of Key Manufacturers Enter into LiFePO4 Battery Market
2.8 Key Manufacturers LiFePO4 Battery Product Offered
2.9 Mergers & Acquisitions, Expansion
3 LiFePO4 Battery Status and Outlook by Region
3.1 Global LiFePO4 Battery Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global LiFePO4 Battery Historic Market Size by Region
3.2.1 Global LiFePO4 Battery Sales in Volume by Region (2018-2023)
3.2.2 Global LiFePO4 Battery Sales in Value by Region (2018-2023)
3.2.3 Global LiFePO4 Battery Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global LiFePO4 Battery Forecasted Market Size by Region
3.3.1 Global LiFePO4 Battery Sales in Volume by Region (2024-2029)
3.3.2 Global LiFePO4 Battery Sales in Value by Region (2024-2029)
3.3.3 Global LiFePO4 Battery Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global LiFePO4 Battery by Application
4.1 LiFePO4 Battery Market Segment by Application
4.1.1 Electric Vehicles
4.1.2 Electric Tool
4.1.3 Medical Equipment
4.2 Global LiFePO4 Battery Market Size by Application
4.2.1 Global LiFePO4 Battery Market Size Overview by Application (2018-2029)
4.2.2 Global LiFePO4 Battery Historic Market Size Review by Application (2018-2023)
4.2.3 Global LiFePO4 Battery Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America LiFePO4 Battery Sales Breakdown by Application (2018-2023)
4.3.2 Europe LiFePO4 Battery Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific LiFePO4 Battery Sales Breakdown by Application (2018-2023)
4.3.4 Latin America LiFePO4 Battery Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa LiFePO4 Battery Sales Breakdown by Application (2018-2023)
5 North America LiFePO4 Battery by Country
5.1 North America LiFePO4 Battery Historic Market Size by Country
5.1.1 North America LiFePO4 Battery Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America LiFePO4 Battery Sales in Volume by Country (2018-2023)
5.1.3 North America LiFePO4 Battery Sales in Value by Country (2018-2023)
5.2 North America LiFePO4 Battery Forecasted Market Size by Country
5.2.1 North America LiFePO4 Battery Sales in Volume by Country (2024-2029)
5.2.2 North America LiFePO4 Battery Sales in Value by Country (2024-2029)
6 Europe LiFePO4 Battery by Country
6.1 Europe LiFePO4 Battery Historic Market Size by Country
6.1.1 Europe LiFePO4 Battery Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe LiFePO4 Battery Sales in Volume by Country (2018-2023)
6.1.3 Europe LiFePO4 Battery Sales in Value by Country (2018-2023)
6.2 Europe LiFePO4 Battery Forecasted Market Size by Country
6.2.1 Europe LiFePO4 Battery Sales in Volume by Country (2024-2029)
6.2.2 Europe LiFePO4 Battery Sales in Value by Country (2024-2029)
7 Asia-Pacific LiFePO4 Battery by Region
7.1 Asia-Pacific LiFePO4 Battery Historic Market Size by Region
7.1.1 Asia-Pacific LiFePO4 Battery Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific LiFePO4 Battery Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific LiFePO4 Battery Sales in Value by Region (2018-2023)
7.2 Asia-Pacific LiFePO4 Battery Forecasted Market Size by Region
7.2.1 Asia-Pacific LiFePO4 Battery Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific LiFePO4 Battery Sales in Value by Region (2024-2029)
8 Latin America LiFePO4 Battery by Country
8.1 Latin America LiFePO4 Battery Historic Market Size by Country
8.1.1 Latin America LiFePO4 Battery Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America LiFePO4 Battery Sales in Volume by Country (2018-2023)
8.1.3 Latin America LiFePO4 Battery Sales in Value by Country (2018-2023)
8.2 Latin America LiFePO4 Battery Forecasted Market Size by Country
8.2.1 Latin America LiFePO4 Battery Sales in Volume by Country (2024-2029)
8.2.2 Latin America LiFePO4 Battery Sales in Value by Country (2024-2029)
9 Middle East and Africa LiFePO4 Battery by Country
9.1 Middle East and Africa LiFePO4 Battery Historic Market Size by Country
9.1.1 Middle East and Africa LiFePO4 Battery Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa LiFePO4 Battery Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa LiFePO4 Battery Sales in Value by Country (2018-2023)
9.2 Middle East and Africa LiFePO4 Battery Forecasted Market Size by Country
9.2.1 Middle East and Africa LiFePO4 Battery Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa LiFePO4 Battery Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 A123 Systems
10.1.1 A123 Systems Company Information
10.1.2 A123 Systems Introduction and Business Overview
10.1.3 A123 Systems LiFePO4 Battery Sales, Revenue and Gross Margin (2018-2023)
10.1.4 A123 Systems LiFePO4 Battery Products Offered
10.1.5 A123 Systems Recent Development
10.2 Valence
10.2.1 Valence Company Information
10.2.2 Valence Introduction and Business Overview
10.2.3 Valence LiFePO4 Battery Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Valence LiFePO4 Battery Products Offered
10.2.5 Valence Recent Development
10.3 General Electronics Battery
10.3.1 General Electronics Battery Company Information
10.3.2 General Electronics Battery Introduction and Business Overview
10.3.3 General Electronics Battery LiFePO4 Battery Sales, Revenue and Gross Margin (2018-2023)
10.3.4 General Electronics Battery LiFePO4 Battery Products Offered
10.3.5 General Electronics Battery Recent Development
10.4 Conhis Motor Technology
10.4.1 Conhis Motor Technology Company Information
10.4.2 Conhis Motor Technology Introduction and Business Overview
10.4.3 Conhis Motor Technology LiFePO4 Battery Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Conhis Motor Technology LiFePO4 Battery Products Offered
10.4.5 Conhis Motor Technology Recent Development
10.5 Howell Energy
10.5.1 Howell Energy Company Information
10.5.2 Howell Energy Introduction and Business Overview
10.5.3 Howell Energy LiFePO4 Battery Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Howell Energy LiFePO4 Battery Products Offered
10.5.5 Howell Energy Recent Development
10.6 Electric Vehicle Power System Technology
10.6.1 Electric Vehicle Power System Technology Company Information
10.6.2 Electric Vehicle Power System Technology Introduction and Business Overview
10.6.3 Electric Vehicle Power System Technology LiFePO4 Battery Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Electric Vehicle Power System Technology LiFePO4 Battery Products Offered
10.6.5 Electric Vehicle Power System Technology Recent Development
10.7 GUOXUAN
10.7.1 GUOXUAN Company Information
10.7.2 GUOXUAN Introduction and Business Overview
10.7.3 GUOXUAN LiFePO4 Battery Sales, Revenue and Gross Margin (2018-2023)
10.7.4 GUOXUAN LiFePO4 Battery Products Offered
10.7.5 GUOXUAN Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 LiFePO4 Battery Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 LiFePO4 Battery Industrial Chain Analysis
11.4 LiFePO4 Battery Market Dynamics
11.4.1 LiFePO4 Battery Industry Trends
11.4.2 LiFePO4 Battery Market Drivers
11.4.3 LiFePO4 Battery Market Challenges
11.4.4 LiFePO4 Battery Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 LiFePO4 Battery Distributors
12.3 LiFePO4 Battery Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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