Mexico Lithium Iron Phosphate (lifepo4) Battery Market Size & Outlook
Mexico lithium iron phosphate (lifepo4) battery market, 2016-2027 (US$B)
Related Markets
Mexico lithium iron phosphate (lifepo4) battery market highlights
- The Mexico 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 Mexico market is expected to grow at a CAGR of 13.1% 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 | 13.1% (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, Mexico 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 North America, U.S. lithium iron phosphate (lifepo4) battery market is projected to lead the regional market in terms of revenue in 2027.
- Canada is the fastest growing regional market in North America and is projected to reach USD 0.9 billion by 2027.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Lithium Iron Phosphate (LiFePO4) Battery Market Scope
Lithium Iron Phosphate (LiFePO4) Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 33.33% in 2019. Horizon Databook has segmented the Mexico lithium iron phosphate (lifepo4) battery market based on automotive, power, industrial covering the revenue growth of each sub-segment from 2016 to 2027.
Mexico is currently the world’s seventh-largest producer of cars. Mexico has been the primary focus of the global automotive industry as companies worldwide are eyeing to invest in the country. Mexico is the fourth largest exporter for the automotive industry, only after Germany, Japan and South Korea.
Growing automobile production in the country is anticipated to drive the demand for LiFePO4 battery. Shifting consumer preference towards renewable energy generation on account of environmental protection is expected to augment solar PV market growth.
Increasing consumer awareness regarding environmental protection is expected to result in development of sustainable energy and reduced carbon emission which is expected to augment solar PV market growth.
Reasons to subscribe to Mexico lithium iron phosphate (lifepo4) battery market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Mexico lithium iron phosphate (lifepo4) battery market databook
-
Our clientele includes a mix of lithium iron phosphate (lifepo4) battery market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico lithium iron phosphate (lifepo4) battery market , including forecasts for subscribers. This country databook contains high-level insights into Mexico lithium iron phosphate (lifepo4) battery market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
Partial client list
Mexico lithium iron phosphate (lifepo4) battery market size, by end use, 2016-2027 (US$B)
Mexico Lithium Iron Phosphate (LiFePO4) Battery Market Outlook Share, 2019 & 2027 (US$B)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
