Lithium Iron Phosphate Battery Market by Key Manufacturers, Production Types, Power Capacity, Application & Specification, Forecast to 2023

Orbis Research has announced the addition of the "Global Lithium Iron Phosphate Battery Market 2018 - 2023" report to their offering. The automobile sector is the major application segment of lithium iron phosphate batteries on account of its fitment of use.

Dallas, United States - April 17, 2018 /MarketersMedia/ —

The Lithium Iron Phosphate Battery Market is in its nascent phase and it is anticipated to witness robust growth in the near future on account of its expanding application. The development of battery technologies has triggered a paradigm shift in power sector, which has resulted in widespread deployment of energy storage systems.

The increasing focus on the reduction of pollution has resulted in the shifting of focus from conventional vehicles to electric vehicles.

Request sample copy of Lithium Iron Phosphate Battery Market at:
http://orbisresearch.com/contacts/request-sample/2095248

The increasing penetration of electric vehicles is likely to promulgate the lithium iron battery market. Apart from that the development of renewable energy, infrastructure is a big boost for lithium iron battery market. The integration of renewable energy resources with power grid networks requires usage of lithium iron phosphate batteries as a backup. The industrial growth, globally, has triggered increased demand of energy, which has to be met in the most efficient and economical way. The favorable government policies in countries, such as China, Japan and South Korea are helping the lithium iron phosphate battery market flourish. Moreover, the governments across the globe are focused on the development of green and eco-friendly technologies, which would drive the lithium iron phosphate market position during 2018-2023 (henceforth referred to as the forecast period).

Read details of the report at: http://orbisresearch.com/reports/index/global-lithium-iron-phosphate-battery-market-analysis-of-growth-trends-and-forecasts-2018-2023

Focus on Renewable Energy Integration – Accelerates Market Growth

Globally, the renewable energy integration with electricity grid network is providing impetus to the lithium iron battery market. The deployment of renewable energy in the energy mix is envisaged to reduce green-house gases emissions from the power sector. The major hurdle in the development of renewable energy infrastructure is the intermittency associated with power generation from renewable energy sources. The technological advancements in area of battery storage technology has improved the likeliness of eliminating intermittency from renewable power sources. The lithium iron phosphate batteries’ various features, such as long cycle life, high safety and high temperature resistance, which make them sought after for energy storage purposes. Therefore, the surging penetration of renewable energy sources is expected to drive the lithium iron phosphate battery market during the forecast period.

Automobile Sector - Major Market

The automobile sector is the major application segment of lithium iron phosphate batteries on account of its fitment of use. The adoption of electric vehicles is likely to increase on account of policy level support from the governments across the globe, which would drive the market for lithium iron battery in the near future.

Asia-Pacific to Dominate the Market Growth

Asia-Pacific is expected to dominate the market owing to increasing industrialization and massive deployment of electric vehicles in the countries such as China and Japan. The green-energy initiatives in Asia-Pacific countries is very important in the backdrop of carbon dioxide emissions in the region, which accounts for 48.2% of global emissions. Therefore, the green-energy initiatives in Asia-Pacific would provide a big boost to lithium iron phosphate battery market during the forecast period.

Key Developments in the Market

January 2018: Chinese battery maker, Narada, won a contract of worth around USD 40 million to supply a lithium iron phosphate (LFP) battery system to a telecom operator in Bangladesh.
January 2018: France based storage and microgrid developer, Electro Power Systems (EPS) was acquired by utility ENGIE.
MAJOR PLAYERS: A123 SYSTEMS Inc., BENERGY TECH Co. Ltd, BHARAT POWER SOLUTIONS BYD Co. Ltd, CONTEMPORARY AMPEREX TECHNOLOGIES Ltd, ELECTRIC VEHICLE POWER SYSTEM TECHNOLOGY Co. Ltd (EVPST), HEFEI GUOXUAN HI-TECH POWER ENERGY Co. Ltd, amongst others.

Reasons to Purchase This Report

Identify the drivers, restraints, and opportunity possessed by the global lithium iron phosphate battery market with in-depth analysis.
Analyze the various perspectives of the market with the help of Porter’s five forces analysis.
Identify the largest, fastest growing, and significant regions during the forecast period.
Identify the latest developments, market shares and strategies employed by the major market players.
3 months analyst support, along with the Market Estimate sheet (in excel).
Customization of the Report

This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.

Companies Mentioned:

A123 Systems, Inc.,
Benergy Tech Co. Ltd,
Bharat Power Solutions,
BYD Co Ltd,
Contemporary Amperex Technologies Ltd.,
Electric Vehicle Power System Technology Co., Ltd (EVPST),
Hefei Guoxuan Hi-Tech Power Energy Co., Ltd.,
Johnson Matthey Battery Systems,
OptimumNano Energy Co.,Ltd.,
Pihsiang Energy Technology Co., Ltd. (PHET),
Pylon Technologies, Co. Ltd

Enquire more details of the report at: http://orbisresearch.com/contact/purchase/2095248
About Us:

Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.

Contact Info:
Name: Hector Costello
Email: sales@orbisresearch.com
Organization: Orbis Research
Address: 4144N Central Expressway, Suite 600
Phone: +1 (214) 884-6817

Source URL: https://marketersmedia.com/lithium-iron-phosphate-battery-market-by-key-manufacturers-production-types-power-capacity-application-specification-forecast-to-2023/331911

For more information, please visit http://orbisresearch.com/reports/index/global-lithium-iron-phosphate-battery-market-analysis-of-growth-trends-and-forecasts-2018-2023

Source: MarketersMedia

Release ID: 331911

More News From travellersea.com

Musk's LA transport tunnel proposal takes step forward

Apr 19, 2018

LOS ANGELES — A committee of the Los Angeles City Council has approved an environmental review exemption for a tunnel that Elon Musk wants to dig to test a novel underground transportation system. The Los Angeles Times reports that members of the council's public works committee said Wednesday they wanted to approve any proposal that could help untangle the city's notorious traffic. In addition to his Tesla electric car and SpaceX rocket launch businesses, Musk has created a company to bore transportation tunnels. He envisions motorists' vehicles being lowered by elevators into tunnels and onto electric sleds that whisk them...

Far-right cancels bid to shut Berlin's Berghain techno club

Apr 19, 2018

BERLIN — A far-right party has withdrawn its proposal to close down one of Berlin's most famous techno clubs after the plan drew widespread ridicule in the laissez-faire German capital. Sibylle Schmidt, a district councilor for the Alternative for Germany party, had demanded that the Berghain club lose its license to operate over partygoers' drug consumption and lascivious behavior on the dance floor. Schmidt also complained about the club's "unintelligent, ugly" bouncers and demanded "better lighting and staff to prevent sexual acts." Berghain's weekend-long raves are particularly popular with foreign tourists. Using the hashtag #berghain, Twitter users made fun of...

'Fearless Girl' to leave Wall Street's 'Charging Bull'

Apr 19, 2018

NEW YORK — The "Fearless Girl" statue near Wall Street that has become a global symbol of female can-do business spirit will be moved from her spot facing the "Charging Bull" to a location by the New York Stock Exchange. The ponytailed girl in a windblown dress became a tourist magnet last spring when the artwork popped up confronting the famous bull that was a symbol of the American financial resilience in the wake of the 1987 stock market crash. State Street Global Advisors, the firm that installed the "Fearless Girl" statue in March 2017, said Thursday that it will...

Proper use of oxygen mask could be lifesaving

Apr 19, 2018

NEW YORK — Paying attention to flight attendants might save your life. It's a simple message, but passengers often ignore or passively watch along as safety instructions are given prior to takeoff. Images from this week's emergency landing of a Southwest Airlines flight, which lost cabin pressure above 30,000 feet, show several passengers improperly placing oxygen masks on their faces, putting their lives at risk. For the record, here's the proper way to secure the mask: — They will drop from a panel above you. You should pull them toward your face to extend the cord as needed. — Place...

Ancient coins, bracelets looted from Romania return home

Apr 19, 2018

BUCHAREST, Romania — Coins and bracelets from the 1st century that were looted from western Romania years ago and smuggled out of the country were put on display Thursday after a joint investigation with Austria brought them back home. The treasure trove of gold and silver artifacts, stolen between 2000 and 2001, was presented at Romania's National History Museum. The items were found in Austria in 2015 and returned following a cross-border investigation. The artifacts_473 coins and 18 bracelets— were taken from archaeological sites in the Orastie Mountains that had been inhabited by Dacians, who fought against the Romans in...

Traveller SEA (South-East Asia) is for wanderlust looking for an adventure in the South-East Asia region and the rest of the world.

Contact us: sales@tvlseacom.com