South Africa Lithium Iron Phosphate (lifepo4) Battery Market Size & Outlook
South Africa lithium iron phosphate (lifepo4) battery market, 2016-2027 (US$B)
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South Africa lithium iron phosphate (lifepo4) battery market highlights
- The South Africa lithium iron phosphate (lifepo4) battery market generated a revenue of USD 0.1 billion in 2019 and is expected to reach USD 0.3 billion by 2027.
- The South Africa market is expected to grow at a CAGR of 19.1% 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 0.1 billion |
| Market revenue in 2027 | USD 0.3 billion |
| Growth rate | 19.1% (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, South Africa accounted for 1.6% 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 Middle East & Africa, UAE lithium iron phosphate (lifepo4) battery market is projected to lead the regional market in terms of revenue in 2027.
- Egypt is the fastest growing regional market in Middle East & Africa and is projected to reach USD 0.2 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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South Africa 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 South Africa lithium iron phosphate (lifepo4) battery market based on automotive, power, industrial covering the revenue growth of each sub-segment from 2016 to 2027.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa lithium iron phosphate (lifepo4) battery market , including forecasts for subscribers. This country databook contains high-level insights into South Africa lithium iron phosphate (lifepo4) battery market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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South Africa lithium iron phosphate (lifepo4) battery market size, by end use, 2016-2027 (US$B)
South Africa Lithium Iron Phosphate (LiFePO4) Battery Market Outlook Share, 2019 & 2027 (US$B)
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