Boston, MA -- (SBWIRE) -- 10/03/2016 -- Lithium iron phosphate batteries (LFP) are used in high-power applications, such as HEVs, EVs, and consumer electronics devices. They are rechargeable batteries that use iron phosphate as a cathode and carbon as an anode. Lithium iron phosphate batteries have good electrochemical performance and low resistance. The advantages of using these batteries include better thermal stability and safety, higher current density, and longer shelf life than other lithium ion batteries. This technology has an excellent deep-discharge cycle life that shields the battery from damage.

Technavio's analysts forecast the global lithium iron phosphate battery market to grow at a CAGR of 20.5% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global lithium iron phosphate battery market for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the top five vendors operating in the market.

Get More Details on this Report and a Full Table of Contents at Global Lithium Iron Phosphate Battery Market 2016-2020

The market is divided into the following segments based on geography:

-Americas
-APAC
-EMEA

Technavio's report, Global Lithium Iron Phosphate Battery Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-A123 Systems
-BYD
-Electrical Vehicle Power System Technology
-Hi Power
-OptimumNano Energy

Other prominent vendors

-GAIA
-K2Energy
-LiFeBATT
-Phostech
-Pihsiang Energy Technology
-Pulead Technology Industry
-Victory Battery Technology

Market driver

-Longer shelf life of lithium iron phosphate batteries
-For a full, detailed list, view our report

Market challenge

-Lower capacity/size ratio
-For a full, detailed list, view our report

Market trend

-Operational challenges of lead acid batteries
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2020 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: A123 Systems, BYD, Electrical Vehicle Power System Technology, Hi Power, OptimumNano Energy, GAIA, K2Energy¸ LiFeBATT, Phostech, Pihsiang Energy Technology, Pulead Technology Industry, and Victory Battery Technology.

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