Global Lithium Iron Phosphate (lifepo4) Battery Market Size & Outlook
Global lithium iron phosphate (lifepo4) battery market, 2016-2027 (US$B)
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Global lithium iron phosphate (lifepo4) battery market highlights
- The global lithium iron phosphate (lifepo4) battery market generated a revenue of USD 4.9 billion in 2019 and is expected to reach USD 15.2 billion by 2027.
- The market is expected to grow at a CAGR (2020 - 2027) of 15.2% by 2027.
- In terms of segment, automotive accounted for a revenue of USD 1.1 billion in 2019.
- Power is the most lucrative end use segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2019.
- Country-wise, Mexico is expected to register the highest CAGR from 2020 to 2027.
Global data book summary
| Market revenue in 2019 | USD 4.9 billion |
| Market revenue in 2027 | USD 15.2 billion |
| Growth rate | 15.2% (CAGR from 2019 to 2027) |
| Largest segment | Automotive |
| Fastest growing segment | Power |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Automotive, Power, Industrial |
Other key industry trends
- In terms of revenue, the North America accounted for 22.0% of the global lithium iron phosphate (lifepo4) battery market in 2019.
- By country, the China is projected to lead the global market in terms of revenue in 2027.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 0.7 billion by 2027.
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Lithium Iron Phosphate (LiFePO4) Battery Market Scope
Lithium Iron Phosphate (LiFePO4) Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global lithium iron phosphate (lifepo4) battery market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to lithium iron phosphate (lifepo4) battery market will help companies and investors design strategic landscapes.
Automotive was the largest segment with a revenue share of 22.45% in 2019. Horizon Databook has segmented the Global lithium iron phosphate (lifepo4) battery market based on automotive, power, industrial covering the revenue growth of each sub-segment from 2016 to 2027.
- Global Lithium Iron Phosphate (LiFePO4) Battery End Use Outlook (Revenue, USD Billion, 2016-2027)
- Automotive
- Power
- Industrial
- Others
- Global Lithium Iron Phosphate (LiFePO4) Battery Application Outlook (Revenue, USD Billion, 2016-2027)
- Portable
- Stationary
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Horizon Databook provides a detailed overview of global-level data and insights on the Global lithium iron phosphate (lifepo4) battery market , including forecasts for subscribers. This global databook contains high-level insights into Global lithium iron phosphate (lifepo4) battery market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Global lithium iron phosphate (lifepo4) battery market size, by regions, 2016-2027 (US$B)
Top 10 countries: Lithium iron phosphate (lifepo4) battery market size, 2019 (US$B)
Global lithium iron phosphate (lifepo4) battery market share, by end use, 2019 & 2027 (%, US$B)
Lithium iron phosphate (lifepo4) battery market: Opportunity assessment by country
Global lithium iron phosphate (lifepo4) battery market, by region, 2019 (US$B)
| End Use | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 0.8 | 0.9 | 1.0 | 1.1 | 1.1 | 1.3 | 1.5 | 1.7 | 1.9 | 2.1 | 2.4 | 3.0 | 13.4% |
| Europe | 0.9 | 1.0 | 1.1 | 1.3 | 1.4 | 1.6 | 1.9 | 2.2 | 2.6 | 3.0 | 3.5 | 3.9 | 14.7% |
| Asia Pacific | 1.1 | 1.2 | 1.4 | 1.6 | 1.7 | 2.0 | 2.3 | 2.6 | 3.0 | 3.5 | 4.0 | 4.7 | 14.2% |
| Latin America | 0.3 | 0.3 | 0.4 | 0.4 | 0.5 | 0.6 | 0.7 | 0.8 | 1.0 | 1.2 | 1.5 | 1.7 | 19.0% |
| MEA | 0.3 | 0.3 | 0.4 | 0.5 | 0.5 | 0.7 | 0.8 | 1.0 | 1.2 | 1.4 | 1.7 | 2.0 | 19.0% |
| Overall | 3.2 | 3.7 | 4.3 | 4.9 | 5.2 | 6.1 | 7.1 | 8.3 | 9.6 | 11.2 | 13.1 | 15.2 | 15.2% |
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