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Global LFP Battery Market Research Report 2024
Synopsis
The lithium iron phosphate battery (LiFePO4 battery) or LFP battery (lithium ferrophosphate) is a type of lithium-ion battery using lithium iron phosphate (LiFePO4) as the cathode material, and a graphitic carbon electrode with a metallic backing as the anode.
The global LFP Battery market was valued at US$ 7190.4 million in 2023 and is anticipated to reach US$ 15180 million by 2030, witnessing a CAGR of 9.9% during the forecast period 2024-2030.
Global key LFP battery players include CATL, BYD and Gotion High-tech etc. The top 3 companies hold a share about 88%. Asia is the largest market with a share about 76% followed by Europe and NAFTZ.
In terms of product, prismatic product is the largest segment with a share about 73%. And in terms of applications, the largest application is electric vehicle with a share about 83%.
This report aims to provide a comprehensive presentation of the global market for LFP Battery, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding LFP Battery.
Report Scope
The LFP Battery market size, estimations, and forecasts are provided in terms of output/shipments (MWh) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global LFP Battery market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the LFP Battery manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
CATL
BYD
Gotion High-tech
EVE
REPT
CALB
Great Power
Lishen Battery
Wanxiang A123
ANC
Hithium
Lithion (Valence)
Segment by Type
Prismatic LFP Battery
Soft Pack LFP Battery
Cylindrical LFP Battery
Segment by Application
Electric Vehicle
Energy Storage
Others
Production by Region
North America
China
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of LFP Battery manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of LFP Battery by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of LFP Battery in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
The lithium iron phosphate battery (LiFePO4 battery) or LFP battery (lithium ferrophosphate) is a type of lithium-ion battery using lithium iron phosphate (LiFePO4) as the cathode material, and a graphitic carbon electrode with a metallic backing as the anode.
The global LFP Battery market was valued at US$ 7190.4 million in 2023 and is anticipated to reach US$ 15180 million by 2030, witnessing a CAGR of 9.9% during the forecast period 2024-2030.
Global key LFP battery players include CATL, BYD and Gotion High-tech etc. The top 3 companies hold a share about 88%. Asia is the largest market with a share about 76% followed by Europe and NAFTZ.
In terms of product, prismatic product is the largest segment with a share about 73%. And in terms of applications, the largest application is electric vehicle with a share about 83%.
This report aims to provide a comprehensive presentation of the global market for LFP Battery, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding LFP Battery.
Report Scope
The LFP Battery market size, estimations, and forecasts are provided in terms of output/shipments (MWh) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global LFP Battery market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the LFP Battery manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
CATL
BYD
Gotion High-tech
EVE
REPT
CALB
Great Power
Lishen Battery
Wanxiang A123
ANC
Hithium
Lithion (Valence)
Segment by Type
Prismatic LFP Battery
Soft Pack LFP Battery
Cylindrical LFP Battery
Segment by Application
Electric Vehicle
Energy Storage
Others
Production by Region
North America
China
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of LFP Battery manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of LFP Battery by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of LFP Battery in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 LFP Battery Market Overview
1.1 Product Definition
1.2 LFP Battery Segment by Type
1.2.1 Global LFP Battery Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Prismatic LFP Battery
1.2.3 Soft Pack LFP Battery
1.2.4 Cylindrical LFP Battery
1.3 LFP Battery Segment by Application
1.3.1 Global LFP Battery Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Electric Vehicle
1.3.3 Energy Storage
1.3.4 Others
1.4 Global Market Growth Prospects
1.4.1 Global LFP Battery Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global LFP Battery Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global LFP Battery Production Estimates and Forecasts (2019-2030)
1.4.4 Global LFP Battery Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global LFP Battery Production Market Share by Manufacturers (2019-2024)
2.2 Global LFP Battery Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of LFP Battery, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global LFP Battery Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global LFP Battery Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of LFP Battery, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of LFP Battery, Product Offered and Application
2.8 Global Key Manufacturers of LFP Battery, Date of Enter into This Industry
2.9 LFP Battery Market Competitive Situation and Trends
2.9.1 LFP Battery Market Concentration Rate
2.9.2 Global 5 and 10 Largest LFP Battery Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 LFP Battery Production by Region
3.1 Global LFP Battery Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global LFP Battery Production Value by Region (2019-2030)
3.2.1 Global LFP Battery Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of LFP Battery by Region (2025-2030)
3.3 Global LFP Battery Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global LFP Battery Production by Region (2019-2030)
3.4.1 Global LFP Battery Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of LFP Battery by Region (2025-2030)
3.5 Global LFP Battery Market Price Analysis by Region (2019-2024)
3.6 Global LFP Battery Production and Value, Year-over-Year Growth
3.6.1 North America LFP Battery Production Value Estimates and Forecasts (2019-2030)
3.6.2 China LFP Battery Production Value Estimates and Forecasts (2019-2030)
4 LFP Battery Consumption by Region
4.1 Global LFP Battery Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global LFP Battery Consumption by Region (2019-2030)
4.2.1 Global LFP Battery Consumption by Region (2019-2024)
4.2.2 Global LFP Battery Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America LFP Battery Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America LFP Battery Consumption by Country (2019-2030)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe LFP Battery Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe LFP Battery Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific LFP Battery Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific LFP Battery Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa LFP Battery Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa LFP Battery Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global LFP Battery Production by Type (2019-2030)
5.1.1 Global LFP Battery Production by Type (2019-2024)
5.1.2 Global LFP Battery Production by Type (2025-2030)
5.1.3 Global LFP Battery Production Market Share by Type (2019-2030)
5.2 Global LFP Battery Production Value by Type (2019-2030)
5.2.1 Global LFP Battery Production Value by Type (2019-2024)
5.2.2 Global LFP Battery Production Value by Type (2025-2030)
5.2.3 Global LFP Battery Production Value Market Share by Type (2019-2030)
5.3 Global LFP Battery Price by Type (2019-2030)
6 Segment by Application
6.1 Global LFP Battery Production by Application (2019-2030)
6.1.1 Global LFP Battery Production by Application (2019-2024)
6.1.2 Global LFP Battery Production by Application (2025-2030)
6.1.3 Global LFP Battery Production Market Share by Application (2019-2030)
6.2 Global LFP Battery Production Value by Application (2019-2030)
6.2.1 Global LFP Battery Production Value by Application (2019-2024)
6.2.2 Global LFP Battery Production Value by Application (2025-2030)
6.2.3 Global LFP Battery Production Value Market Share by Application (2019-2030)
6.3 Global LFP Battery Price by Application (2019-2030)
7 Key Companies Profiled
7.1 CATL
7.1.1 CATL LFP Battery Corporation Information
7.1.2 CATL LFP Battery Product Portfolio
7.1.3 CATL LFP Battery Production, Value, Price and Gross Margin (2019-2024)
7.1.4 CATL Main Business and Markets Served
7.1.5 CATL Recent Developments/Updates
7.2 BYD
7.2.1 BYD LFP Battery Corporation Information
7.2.2 BYD LFP Battery Product Portfolio
7.2.3 BYD LFP Battery Production, Value, Price and Gross Margin (2019-2024)
7.2.4 BYD Main Business and Markets Served
7.2.5 BYD Recent Developments/Updates
7.3 Gotion High-tech
7.3.1 Gotion High-tech LFP Battery Corporation Information
7.3.2 Gotion High-tech LFP Battery Product Portfolio
7.3.3 Gotion High-tech LFP Battery Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Gotion High-tech Main Business and Markets Served
7.3.5 Gotion High-tech Recent Developments/Updates
7.4 EVE
7.4.1 EVE LFP Battery Corporation Information
7.4.2 EVE LFP Battery Product Portfolio
7.4.3 EVE LFP Battery Production, Value, Price and Gross Margin (2019-2024)
7.4.4 EVE Main Business and Markets Served
7.4.5 EVE Recent Developments/Updates
7.5 REPT
7.5.1 REPT LFP Battery Corporation Information
7.5.2 REPT LFP Battery Product Portfolio
7.5.3 REPT LFP Battery Production, Value, Price and Gross Margin (2019-2024)
7.5.4 REPT Main Business and Markets Served
7.5.5 REPT Recent Developments/Updates
7.6 CALB
7.6.1 CALB LFP Battery Corporation Information
7.6.2 CALB LFP Battery Product Portfolio
7.6.3 CALB LFP Battery Production, Value, Price and Gross Margin (2019-2024)
7.6.4 CALB Main Business and Markets Served
7.6.5 CALB Recent Developments/Updates
7.7 Great Power
7.7.1 Great Power LFP Battery Corporation Information
7.7.2 Great Power LFP Battery Product Portfolio
7.7.3 Great Power LFP Battery Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Great Power Main Business and Markets Served
7.7.5 Great Power Recent Developments/Updates
7.8 Lishen Battery
7.8.1 Lishen Battery LFP Battery Corporation Information
7.8.2 Lishen Battery LFP Battery Product Portfolio
7.8.3 Lishen Battery LFP Battery Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Lishen Battery Main Business and Markets Served
7.7.5 Lishen Battery Recent Developments/Updates
7.9 Wanxiang A123
7.9.1 Wanxiang A123 LFP Battery Corporation Information
7.9.2 Wanxiang A123 LFP Battery Product Portfolio
7.9.3 Wanxiang A123 LFP Battery Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Wanxiang A123 Main Business and Markets Served
7.9.5 Wanxiang A123 Recent Developments/Updates
7.10 ANC
7.10.1 ANC LFP Battery Corporation Information
7.10.2 ANC LFP Battery Product Portfolio
7.10.3 ANC LFP Battery Production, Value, Price and Gross Margin (2019-2024)
7.10.4 ANC Main Business and Markets Served
7.10.5 ANC Recent Developments/Updates
7.11 Hithium
7.11.1 Hithium LFP Battery Corporation Information
7.11.2 Hithium LFP Battery Product Portfolio
7.11.3 Hithium LFP Battery Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Hithium Main Business and Markets Served
7.11.5 Hithium Recent Developments/Updates
7.12 Lithion (Valence)
7.12.1 Lithion (Valence) LFP Battery Corporation Information
7.12.2 Lithion (Valence) LFP Battery Product Portfolio
7.12.3 Lithion (Valence) LFP Battery Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Lithion (Valence) Main Business and Markets Served
7.12.5 Lithion (Valence) Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 LFP Battery Industry Chain Analysis
8.2 LFP Battery Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 LFP Battery Production Mode & Process
8.4 LFP Battery Sales and Marketing
8.4.1 LFP Battery Sales Channels
8.4.2 LFP Battery Distributors
8.5 LFP Battery Customers
9 LFP Battery Market Dynamics
9.1 LFP Battery Industry Trends
9.2 LFP Battery Market Drivers
9.3 LFP Battery Market Challenges
9.4 LFP Battery Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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