Research and Markets (http://www.researchandmarkets.com/research/nsp2ll/global_lithium) has announced the addition of the "Global Lithium Iron Phosphate Battery Market 2015-2019" report to their offering.
The Global Lithium Iron Phosphate Battery market to grow at a CAGR of 20 percent over the period 2014-2019.
Lithium iron phosphate battery is a type of lithium ion battery and is used in high power applications, such as EV, HEV, and portable consumer electronic devices. It is a rechargeable battery that consist of iron phosphate that acts as cathode and carbon as anode. This battery has good electrochemical performance with low resistance.
The report covers the present scenario and the growth prospects of the Global Lithium Iron Phosphate Battery market for the period 2015-2019. The market has been segmented on the basis of the following: end-user industry application (EVs and HEVs, consumer electronics, renewable power, and others) and geography.
One key trend in this market is the increased demand for these batteries from China because of the significant increase in the demand for battery-operated vehicles and the dominance of consumer electronics products in China. The increased adoption of lithium iron phosphate batteries is due to the expected long-term development in the EVs and HEVs sector.
According to the report, the market is primarily driven by increased demand from the EVs and HEVs sector. Currently, this sector shows the highest demand for lithium iron phosphate batteries because these batteries have a longer shelf life, lower self-discharge rates, and a longer service life than other lithium ion batteries.
Further, the report states that lack of awareness about the advantages of lithium iron phosphate batteries is one of the major challenges in the market. Because the EVs and HEVs sector is still in the nascent phase, the lack of awareness about lithium iron phosphate batteries could hinder the growth of the Global Lithium Iron Phosphate Battery market.
Key Vendors
- A123 Systems
- BYD
- Electric Vehicle Power System Technology
- Hi power New Energy Group
- Shenzhen OptimumNano
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Market Segmentation by End-users
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/nsp2ll/global_lithium
