DUBLIN–(BUSINESS WIRE)–The “Lithium Iron Phosphate Battery – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s providing.
The writer brings years of analysis expertise to the ninth version of this report. The 159-page report presents concise insights into how the pandemic has impacted manufacturing and the purchase aspect for 2020 and 2021. A brief-term phased restoration by key geography can also be addressed.
Global Lithium Iron Phosphate Battery Market to Reach $29.9 Billion by 2027
Amid the COVID-19 disaster, the worldwide marketplace for Lithium Iron Phosphate Battery estimated at US$8 Billion within the yr 2020, is projected to succeed in a revised measurement of US$29.9 Billion by 2027, rising at a CAGR of 20.7% over the evaluation interval 2020-2027.
Ethylene Carbonate, one of many segments analyzed within the report, is projected to file a 19.8% CAGR and attain US$5.1 Billion by the tip of the evaluation interval. After an early evaluation of the enterprise implications of the pandemic and its induced financial disaster, development within the Phosphorous Trichloride phase is readjusted to a revised 22.2% CAGR for the following 7-year interval.
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 within the U.S. is estimated at US$2.4 Billion within the yr 2020. China, the world`s second largest economic system, is forecast to succeed in a projected market measurement of US$5.1 Billion by the yr 2027 trailing a CAGR of 19.9% over the evaluation interval 2020 to 2027. Among the opposite noteworthy geographic markets are Japan and Canada, every forecast to develop at 18.6% and 17.8% respectively over the 2020-2027 interval. Within Europe, Germany is forecast to develop at roughly 15.1% CAGR.
Phosphorous Pentachloride Segment to Record 19.4% CAGR
In the worldwide Phosphorous Pentachloride phase, USA, Canada, Japan, China and Europe will drive the 19.2% CAGR estimated for this phase. These regional markets accounting for a mixed market measurement of US$426.7 Million within the yr 2020 will attain a projected measurement of US$1.5 Billion by the shut of the evaluation interval. China will stay among the many quickest rising on this cluster of regional markets. Led by international locations equivalent to Australia, India, and South Korea, the market in Asia-Pacific is forecast to succeed in US$3.7 Billion by the yr 2027.
Competitors recognized on this market embrace, amongst 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
- Total Companies Profiled: 47
For extra details about this report go to https://www.researchandmarkets.com/r/5apuou