Sep 18, 2020   SOURCE: BusinessWire

Global Lithium Iron Phosphate Battery Industry (2020 to 2027) - Market Trajectory & Analytics - ResearchAndMarkets.com

The "Lithium Iron Phosphate Battery - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to the 9th edition of this 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.

Global Lithium Iron Phosphate Battery Market to Reach $29.9 Billion by 2027

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 record a 19.8% CAGR and 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.

The U.S. Market is Estimated at $2.4 Billion, While China is Forecast to Grow at 19.8% CAGR

The Lithium Iron Phosphate Battery market in the U.S. is estimated at US$2.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.1 Billion by the year 2027 trailing a CAGR of 19.9% over the analysis period 2020 to 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.

Phosphorous Pentachloride Segment to Record 19.4% CAGR

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.

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.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares
  • Lithium Iron Phosphate Battery Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 47

For more information about this report visit https://www.researchandmarkets.com/r/5apuou