Germany Lithium Iron Phosphate (lifepo4) Battery Market Size & Outlook
Germany lithium iron phosphate (lifepo4) battery market, 2016-2027 (US$B)
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Germany lithium iron phosphate (lifepo4) battery market highlights
- The Germany lithium iron phosphate (lifepo4) battery market generated a revenue of USD 0.2 billion in 2019 and is expected to reach USD 0.5 billion by 2027.
- The Germany market is expected to grow at a CAGR of 14.5% from 2020 to 2027.
- In terms of segment, automotive was the largest revenue generating end use in 2019.
- Power is the most lucrative end use segment registering the fastest growth during the forecast period.
Lithium iron phosphate (lifepo4) battery market data book summary
| Market revenue in 2019 | USD 0.2 billion |
| Market revenue in 2027 | USD 0.5 billion |
| Growth rate | 14.5% (CAGR from 2019 to 2027) |
| Largest segment | Automotive |
| Fastest growing segment | Power |
| Historical data | 2016 - 2018 |
| Base year | 2019 |
| Forecast period | 2020 - 2027 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Automotive, Power, Industrial |
| Key market players worldwide | Reliance Inc, Brunswick Corp, K2 Energy Solutions, BYD Company, A123 Systems, Sai'ensi Energy Technology Co.,Ltd. |
Other key industry trends
- In terms of revenue, Germany accounted for 3.1% of the global lithium iron phosphate (lifepo4) battery market in 2019.
- Country-wise, China is expected to lead the global market in terms of revenue in 2027.
- In Europe, Russia lithium iron phosphate (lifepo4) battery market is projected to lead the regional market in terms of revenue in 2027.
- Russia is the fastest growing regional market in Europe and is projected to reach USD 0.8 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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Germany 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 0% in 2019. Horizon Databook has segmented the Germany lithium iron phosphate (lifepo4) battery market based on automotive, power, industrial covering the revenue growth of each sub-segment from 2016 to 2027.
The German market is expected to witness reasonable growth over the forecast period owing to the increasing usage of lithium iron phosphate batteries in energy storage systems, electric vehicles and consumer electronics.
Germany is the world’s leading market for energy storage systems and development of renewable energies. Approximately 33% of the electricity consumed in Germany is derived from renewables and this energy share is expected to reach 80% by 2050, this is likely to create new growth opportunities for LiFePO4 batteries.
Increasing investment in eco innovations including electric bikes, cranes and fork lifters will set the pace for rapid market expansion. Energy efficient technologies and R&D initiatives to develop superior products are expected to offer ample opportunities for industry participants over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany lithium iron phosphate (lifepo4) battery market , including forecasts for subscribers. This country databook contains high-level insights into Germany lithium iron phosphate (lifepo4) battery market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Germany lithium iron phosphate (lifepo4) battery market size, by end use, 2016-2027 (US$B)
Germany Lithium Iron Phosphate (LiFePO4) Battery Market Outlook Share, 2019 & 2027 (US$B)
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