Japan Lithium Iron Phosphate (lifepo4) Battery Market Size & Outlook
Japan lithium iron phosphate (lifepo4) battery market, 2016-2027 (US$B)
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Japan lithium iron phosphate (lifepo4) battery market highlights
- The Japan lithium iron phosphate (lifepo4) battery market generated a revenue of USD 0.3 billion in 2019 and is expected to reach USD 0.7 billion by 2027.
- The Japan market is expected to grow at a CAGR of 13.8% 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 0.3 billion |
| Market revenue in 2027 | USD 0.7 billion |
| Growth rate | 13.8% (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, Japan accounted for 5.4% 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 Asia Pacific, China lithium iron phosphate (lifepo4) battery market is projected to lead the regional market in terms of revenue in 2027.
- India is the fastest growing regional market in Asia Pacific 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
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Japan 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 Japan lithium iron phosphate (lifepo4) battery market based on automotive, power, industrial covering the revenue growth of each sub-segment from 2016 to 2027.
Japan has always been at the cutting edge of technology and is expected to be one of the promising markets in light of favourable government support to promote investments in manufacturing sectors, which is expected to increase the demand for lithium iron phosphate batteries from industrial sector.
The Japanese energy storage market received a tremendous boost in 2015 when the Japanese Ministry of Economy, Trade and Industry (METI) decided to allocate USD 700 million for the deployment of energy storage projects in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan lithium iron phosphate (lifepo4) battery market , including forecasts for subscribers. This country databook contains high-level insights into Japan lithium iron phosphate (lifepo4) battery market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Japan lithium iron phosphate (lifepo4) battery market size, by end use, 2016-2027 (US$B)
Japan Lithium Iron Phosphate (LiFePO4) Battery Market Outlook Share, 2019 & 2027 (US$B)
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