1 INTRODUCTION 41
1.1 STUDY OBJECTIVES 41
1.2 MARKET DEFINITION 42
1.3 INCLUSIONS AND EXCLUSIONS 42
1.4 STUDY SCOPE 43
1.4.1 MARKETS COVERED 43
1.4.2 REGIONAL SCOPE 44
1.4.3 YEARS CONSIDERED 44
1.4.4 CURRENCY CONSIDERED 45
1.5 LIMITATIONS 45
1.6 STAKEHOLDERS 45
1.7 SUMMARY OF CHANGES 45
1.8 RECESSION IMPACT 46
2 RESEARCH METHODOLOGY 47
2.1 RESEARCH DATA 47
FIGURE 1 RESEARCH DESIGN 47
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 48
FIGURE 2 DATA TRIANGULATION 48
2.2.1 SECONDARY DATA 49
2.2.1.1 Key data from secondary sources 49
2.2.2 PRIMARY DATA 49
2.2.2.1 Key data from primary sources 50
2.2.2.2 Breakdown of primaries 50
FIGURE 3 BREAKDOWN OF PRIMARIES: BY COMPANY, DESIGNATION, AND REGION 51
2.3 MARKET SIZE ESTIMATION 51
2.3.1 BOTTOM-UP APPROACH 51
FIGURE 4 BOTTOM-UP APPROACH 52
2.3.2 TOP-DOWN APPROACH 53
FIGURE 5 TOP-DOWN APPROACH 53
2.3.3 DEMAND-SIDE ANALYSIS 54
FIGURE 6 METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR LITHIUM IRON PHOSPHATE BATTERIES 54
2.3.3.1 Assumptions for demand-side analysis 54
2.3.4 SUPPLY-SIDE ANALYSIS 55
FIGURE 7 KEY METRICS CONSIDERED TO ASSESS SUPPLY OF LITHIUM IRON PHOSPHATE BATTERIES 55
FIGURE 8 SUPPLY-SIDE ANALYSIS 56
2.3.4.1 Calculations for supply-side analysis 56
2.3.4.2 Assumptions for supply-side analysis 56
2.4 FORECAST 57
2.5 IMPACT OF RECESSION 57
3 EXECUTIVE SUMMARY 58
TABLE 1 LITHIUM IRON PHOSPHATE BATTERIES MARKET: SNAPSHOT 58
FIGURE 9 100,001–540,000 MAH TO BE LARGEST SEGMENT DURING FORECAST PERIOD 59
FIGURE 10 AUTOMOTIVE SEGMENT TO DOMINATE LITHIUM IRON PHOSPHATE BATTERIES MARKET DURING FORECAST PERIOD 59
FIGURE 11 PORTABLE SEGMENT TO HOLD LARGER SHARE OF LITHIUM IRON PHOSPHATE BATTERIES MARKET BETWEEN 2023 AND 2028 60
FIGURE 12 HIGH (ABOVE 36 V) SEGMENT TO HOLD LARGEST SHARE OF LITHIUM IRON PHOSPHATE BATTERIES MARKET IN 2028 60
FIGURE 13 ASIA PACIFIC DOMINATED LITHIUM IRON PHOSPHATE BATTERIES MARKET IN 2022 61
4 PREMIUM INSIGHTS 62
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN LITHIUM IRON PHOSPHATE BATTERIES MARKET 62
FIGURE 14 GROWING ADOPTION OF ELECTRIC VEHICLES TO DRIVE MARKET 62
4.2 LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY REGION 62
FIGURE 15 ASIA PACIFIC TO WITNESS HIGHEST GROWTH IN LITHIUM IRON PHOSPHATE BATTERIES MARKET DURING FORECAST PERIOD 62
4.3 LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2022 63
FIGURE 16 100,001–540,000 MAH SEGMENT DOMINATED LITHIUM IRON PHOSPHATE BATTERIES MARKET IN 2022 63
4.4 LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2022 63
FIGURE 17 AUTOMOTIVE SEGMENT DOMINATED LITHIUM IRON PHOSPHATE BATTERIES MARKET IN 2022 63
4.5 LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2022 64
FIGURE 18 PORTABLE SEGMENT HELD LARGER MARKET SHARE IN 2022 64
4.6 LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY VOLTAGE, 2022 64
FIGURE 19 HIGH (ABOVE 36 V) SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2022 64
4.7 ASIA PACIFIC LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY AND COUNTRY, 2022 65
FIGURE 20 AUTOMOTIVE SEGMENT AND CHINA HELD LARGEST SHARES OF ASIA PACIFIC LITHIUM IRON PHOSPHATE BATTERIES MARKET IN 2022 65
5 MARKET OVERVIEW 66
5.1 INTRODUCTION 66
5.2 MARKET DYNAMICS 66
FIGURE 21 LITHIUM IRON PHOSPHATE BATTERIES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 66
5.2.1 DRIVERS 67
5.2.1.1 Increasing adoption of lithium iron phosphate batteries by EV manufacturers 67
FIGURE 22 GLOBAL EV SALES, 2020–2030 (IN TERMS OF VOLUME) 67
TABLE 2 GLOBAL EV SALES, BEV VS. PHEV (THOUSAND UNITS), 2017–2021 67
5.2.1.2 Growing demand for battery-operated material-handling equipment in various industries and rising industrial automation 68
5.2.2 RESTRAINTS 68
5.2.2.1 Risks associated with disposal of spent lithium-based batteries 68
5.2.3 OPPORTUNITIES 68
5.2.3.1 Transition from conventional to renewable power generation 68
FIGURE 23 GLOBAL ENERGY STORAGE CAPACITY ADDITION (GWH), 2016–2020 69
5.2.3.2 Growing investments in lithium iron phosphate batteries by key companies 69
5.2.4 CHALLENGES 69
5.2.4.1 Technical drawbacks related to lithium iron phosphate batteries 69
TABLE 3 LITHIUM-ION BATTERY SPECIFICATIONS 70
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 70
5.3.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN LITHIUM IRON PHOSPHATE BATTERIES MARKET 70
FIGURE 24 REVENUE SHIFT AND NEW REVENUE POCKETS FOR LITHIUM IRON PHOSPHATE BATTERY PROVIDERS 71
5.4 SUPPLY CHAIN ANALYSIS 71
FIGURE 25 LITHIUM IRON PHOSPHATE BATTERIES MARKET: SUPPLY CHAIN ANALYSIS 71
5.4.1 RAW MATERIAL/COMPONENT PROVIDERS 72
5.4.2 LITHIUM IRON PHOSPHATE BATTERY MANUFACTURERS 72
5.4.3 END USERS 72
5.5 ECOSYSTEM ANALYSIS 72
TABLE 4 LIST OF COMPANIES AND THEIR ROLE IN LITHIUM IRON PHOSPHATE BATTERIES ECOSYSTEM 72
5.6 MARKET MAP 73
FIGURE 26 LITHIUM IRON PHOSPHATE BATTERIES MARKET MAP 73
5.7 TECHNOLOGY ANALYSIS 73
TABLE 5 METHODS OF LITHIUM IRON PHOSPHATE SYNTHESIS 74
TABLE 6 MATERIAL COMPOSITION OF LITHIUM IRON PHOSPHATE CATHODE, BY RAW MATERIAL SUPPLIERS 77
TABLE 7 SHARE OF VARIOUS COMPONENTS OF LITHIUM IRON PHOSPHATE BATTERIES, BY WEIGHT (%) 77
TABLE 8 BREAKDOWN OF RAW MATERIALS FOR LITHIUM IRON PHOSPHATE BATTERIES, BY METHOD 78
5.8 PRICING ANALYSIS 78
5.8.1 AVERAGE SELLING PRICE (ASP) OF LITHIUM IRON PHOSPHATE BATTERIES IN MAJOR REGIONS 78
TABLE 9 AVERAGE SELLING PRICE (ASP) OF LITHIUM IRON PHOSPHATE BATTERIES IN MAJOR REGIONS, BY INDUSTRY 78
5.9 PATENT ANALYSIS 79
TABLE 10 LITHIUM IRON PHOSPHATE BATTERIES: INNOVATIONS AND PATENT REGISTRATIONS, 2018–2023 79
5.10 STANDARDS AND REGULATORY ANALYSIS 82
5.10.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 82
TABLE 11 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 82
TABLE 12 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 82
TABLE 13 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 83
TABLE 14 SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 83
TABLE 15 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 84
5.10.2 STANDARDS 84
TABLE 16 LITHIUM IRON PHOSPHATE BATTERIES MARKET: STANDARDS 84
5.11 KEY CONFERENCES AND EVENTS, 2023–2024 86
TABLE 17 LITHIUM IRON PHOSPHATE BATTERIES MARKET: LIST OF CONFERENCES AND EVENTS 86
5.12 TRADE ANALYSIS 87
5.12.1 HS CODE 850680 87
5.12.1.1 Export scenario 87
TABLE 18 EXPORT SCENARIO FOR HS CODE 850680, BY COUNTRY, 2020–2022 (USD) 87
FIGURE 27 EXPORT DATA FOR HS CODE 850680 OF TOP FIVE COUNTRIES, 2020–2022 (USD) 88
5.12.1.2 Import scenario 89
TABLE 19 IMPORT SCENARIO FOR HS CODE 850680, BY COUNTRY, 2020–2022 (USD) 89
FIGURE 28 IMPORT DATA FOR HS CODE 850680 OF TOP FIVE COUNTRIES, 2020–2022 (USD) 90
5.13 CASE STUDY ANALYSIS 90
5.13.1 ATZ MARINE TECHNOLOGIES RETROFITTED PORT SHAFT OF VROON VESSEL 90
5.13.1.1 Objective 90
5.13.1.2 Solution statement 90
5.13.2 XYZ ELECTRIC VEHICLES ENHANCED EV PERFORMANCE BY INCORPORATING LITHIUM IRON PHOSPHATE BATTERIES 90
5.13.2.1 Objective 90
5.13.2.2 Solution statement 90
5.14 PORTER’S FIVE FORCES ANALYSIS 91
FIGURE 29 LITHIUM IRON PHOSPHATE BATTERIES MARKET: PORTER’S FIVE FORCES ANALYSIS 91
TABLE 20 LITHIUM IRON PHOSPHATE BATTERIES MARKET: PORTER’S FIVE FORCES ANALYSIS 92
5.14.1 THREAT OF NEW ENTRANTS 92
5.14.2 BARGAINING POWER OF BUYERS 92
5.14.3 BARGAINING POWER OF SUPPLIERS 92
5.14.4 THREAT OF SUBSTITUTES 93
5.14.5 INTENSITY OF COMPETITIVE RIVALRY 93
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA 93
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS 93
FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE INDUSTRIES 93
TABLE 21 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE INDUSTRIES 94
5.15.2 BUYING CRITERIA 94
FIGURE 31 KEY BUYING CRITERIA FOR TOP THREE INDUSTRIES 94
TABLE 22 KEY BUYING CRITERIA FOR TOP THREE INDUSTRIES 94
6 LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY DESIGN 95
6.1 INTRODUCTION 95
6.2 CELL 95
TABLE 23 LITHIUM IRON PHOSPHATE BATTERIES MARKET: COMPANY FOOTPRINT, BY DESIGN (CELL) 95
6.3 BATTERY PACK 96
TABLE 24 LITHIUM IRON PHOSPHATE BATTERIES MARKET: COMPANY FOOTPRINT, BY DESIGN (BATTERY PACK) 96
7 LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY VOLTAGE 98
7.1 INTRODUCTION 99
FIGURE 32 LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY VOLTAGE, 2022 99
TABLE 25 LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY VOLTAGE, 2017–2022 (USD MILLION) 99
TABLE 26 LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY VOLTAGE, 2023–2028 (USD MILLION) 99
7.2 LOW (BELOW 12 V) 100
7.2.1 LIGHTWEIGHT AND SMALL SIZE OF LOW VOLTAGE LITHIUM IRON PHOSPHATE BATTERIES TO INCREASE APPLICATION SCOPE 100
TABLE 27 LITHIUM IRON PHOSPHATE BATTERIES MARKET: COMPANY FOOTPRINT, BY VOLTAGE (LOW) 100
7.3 MEDIUM (12–36 V) 101
7.3.1 RISING ADOPTION OF ENERGY STORAGE SYSTEMS AND EVS TO CREATE LUCRATIVE GROWTH OPPORTUNITIES 101
TABLE 28 LITHIUM IRON PHOSPHATE BATTERIES MARKET: COMPANY FOOTPRINT, BY VOLTAGE (MEDIUM) 101
7.4 HIGH (ABOVE 36 V) 102
7.4.1 GROWING SUSTAINABILITY CONCERNS TO BOOST DEMAND 102
TABLE 29 LITHIUM IRON PHOSPHATE BATTERIES MARKET: COMPANY FOOTPRINT, BY VOLTAGE (HIGH) 102
8 LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY 104
8.1 INTRODUCTION 105
FIGURE 33 LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2022 105
TABLE 30 LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2017–2022 (USD MILLION) 105
TABLE 31 LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 106
8.2 0–16,250 MAH 106
8.2.1 RISING DEMAND FOR MEDICAL INSTRUMENTS, COMMUNICATION EQUIPMENT, AND AUDIO AND VIDEO EQUIPMENT TO DRIVE MARKET 106
TABLE 32 0–16,250 MAH: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY REGION, 2017–2022 (USD MILLION) 106
TABLE 33 0–16,250 MAH: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY REGION, 2023–2028 (USD MILLION) 107
8.3 16,251–50,000 MAH 107
8.3.1 GROWING ADOPTION OF ENERGY STORAGE SYSTEMS TO CREATE DEMAND 107
TABLE 34 16,251–50,000 MAH: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY REGION, 2017–2022 (USD MILLION) 107
TABLE 35 16,251–50,000 MAH: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY REGION, 2023–2028 (USD MILLION) 108
8.4 50,001–100,000 MAH 108
8.4.1 STRINGENT REGULATIONS ABOUT RECYCLING OF SOLID WASTE GENERATED BY USED LEAD-ACID BATTERIES TO BOOST MARKET GROWTH 108
TABLE 36 50,001–100,000 MAH: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY REGION, 2017–2022 (USD MILLION) 108
TABLE 37 50,001–100,000 MAH: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY REGION, 2023–2028 (USD MILLION) 109
8.5 100,001–540,000 MAH 109
8.5.1 RISING SUSTAINABILITY CONCERNS AND TRANSITION TOWARD EVS TO PROPEL MARKET 109
TABLE 38 100,001–540,000 MAH: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY REGION, 2017–2022 (USD MILLION) 109
TABLE 39 100,001–540,000 MAH: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY REGION, 2023–2028 (USD MILLION) 110
9 LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION 111
9.1 INTRODUCTION 112
FIGURE 34 LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2022 112
TABLE 40 LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 112
TABLE 41 LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 112
9.2 PORTABLE 113
9.2.1 RISING DEMAND FOR EVS, HEVS, AND PHEVS TO DRIVE MARKET 113
TABLE 42 PORTABLE: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY REGION, 2017–2022 (USD MILLION) 113
TABLE 43 PORTABLE: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY REGION, 2023–2028 (USD MILLION) 113
9.3 STATIONARY 114
9.3.1 RISING DEMAND FOR LITHIUM IRON PHOSPHATE BATTERIES FROM ENERGY STORAGE SYSTEM MANUFACTURERS TO BOOST MARKET 114
TABLE 44 STATIONARY: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY REGION, 2017–2022 (USD MILLION) 114
TABLE 45 STATIONARY: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY REGION, 2023–2028 (USD MILLION) 114
10 LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY 115
10.1 INTRODUCTION 116
FIGURE 35 LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2022 116
TABLE 46 LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2017–2022 (USD MILLION) 116
TABLE 47 LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 117
10.2 AUTOMOTIVE 117
10.2.1 INCREASING ADOPTION OF EVS AND PRESENCE OF FAVORABLE GOVERNMENT POLICIES TO DRIVE MARKET 117
TABLE 48 AUTOMOTIVE: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY REGION, 2017–2022 (USD MILLION) 117
TABLE 49 AUTOMOTIVE: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY REGION, 2023–2028 (USD MILLION) 118
TABLE 50 AUTOMOTIVE: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY TYPE, 2022–2028 (USD MILLION) 118
10.2.2 BATTERY ELECTRIC VEHICLE (BEV) 118
10.2.3 HYBRID ELECTRIC VEHICLE (HEV) 119
10.2.4 PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV) 119
10.2.5 2- & 3-WHEELERS 119
10.2.6 BUS & TRUCK 119
10.3 POWER 120
10.3.1 RISING ADOPTION OF ENERGY STORAGE SYSTEMS TO PROVIDE LUCRATIVE GROWTH OPPORTUNITIES 120
TABLE 51 POWER: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY REGION, 2017–2022 (USD MILLION) 120
TABLE 52 POWER: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY REGION, 2023–2028 (USD MILLION) 120
TABLE 53 POWER: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY TYPE, 2022–2028 (USD MILLION) 121
10.3.2 STATIONARY 121
10.3.3 RESIDENTIAL 121
10.4 INDUSTRIAL 121
10.4.1 GROWING INFRASTRUCTURE DEVELOPMENT AND NEED FOR HIGH ENERGY DENSITY BATTERIES TO BOOST DEMAND 121
FIGURE 36 CONSTRUCTION EQUIPMENT SUB-SEGMENT HELD LARGEST SHARE OF LITHIUM IRON PHOSPHATE BATTERIES MARKET FOR INDUSTRIAL SEGMENT IN 2022 122
TABLE 54 INDUSTRIAL: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY REGION, 2017–2022 (USD MILLION) 122
TABLE 55 INDUSTRIAL: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY REGION, 2023–2028 (USD MILLION) 122
10.4.2 FORKLIFTS 123
10.4.3 MINING EQUIPMENT 123
10.4.4 CONSTRUCTION EQUIPMENT 123
10.5 CONSUMER ELECTRONICS 123
10.5.1 LONG RUNTIME, FAST RECHARGE TIME, AND LIGHTWEIGHT TO FUEL DEMAND 123
FIGURE 37 UPS SUB-SEGMENT HELD LARGEST SHARE OF LITHIUM IRON PHOSPHATE BATTERIES MARKET FOR CONSUMER ELECTRONICS SEGMENT IN 2022 124
TABLE 56 CONSUMER ELECTRONICS: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY REGION, 2017–2022 (USD MILLION) 124
TABLE 57 CONSUMER ELECTRONICS: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY REGION, 2023–2028 (USD MILLION) 125
10.5.2 UPS 125
10.5.3 CAMPING EQUIPMENT 125
10.5.4 OTHERS 125
10.6 AEROSPACE 126
10.6.1 GROWING DEMAND FOR LOW-COST, HIGH-POWER, AND SAFE SOLUTIONS TO DRIVE MARKET 126
TABLE 58 AEROSPACE: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY REGION, 2017–2022 (USD MILLION) 126
TABLE 59 AEROSPACE: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY REGION, 2023–2028 (USD MILLION) 127
10.7 MARINE 127
10.7.1 TECHNICAL CAPABILITIES OF LITHIUM IRON PHOSPHATE BATTERIES TO BOOST ADOPTION 127
TABLE 60 MARINE: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY REGION, 2017–2022 (USD MILLION) 127
TABLE 61 MARINE: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY REGION, 2023–2028 (USD MILLION) 128
10.7.2 COMMERCIAL 128
10.7.3 TOURISM 128
10.7.4 NAVY 129
10.8 OTHERS 129
TABLE 62 OTHERS: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY REGION, 2017–2022 (USD MILLION) 129
TABLE 63 OTHERS: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY REGION, 2023–2028 (USD MILLION) 130
TABLE 64 OTHERS: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY TYPE, 2022–2028 (USD MILLION) 130
10.8.1 TELECOMMUNICATIONS 130
10.8.2 MEDICAL 131
11 LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY REGION 132
11.1 INTRODUCTION 133
FIGURE 38 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 133
FIGURE 39 LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY REGION, 2022 133
TABLE 65 LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY REGION, 2017–2022 (USD MILLION) 134
TABLE 66 LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY REGION, 2023–2028 (USD MILLION) 134
TABLE 67 LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY REGION, 2017–2022 (THOUSAND UNITS) 134
TABLE 68 LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY REGION, 2023–2028 (THOUSAND UNITS) 135
11.2 ASIA PACIFIC 135
11.2.1 ASIA PACIFIC: RECESSION IMPACT 135
FIGURE 40 ASIA PACIFIC: SNAPSHOT OF LITHIUM IRON PHOSPHATE BATTERIES MARKET 136
11.2.2 BY CAPACITY 137
TABLE 69 ASIA PACIFIC: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2017–2022 (USD MILLION) 137
TABLE 70 ASIA PACIFIC: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 137
11.2.3 BY INDUSTRY 137
TABLE 71 ASIA PACIFIC: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2017–2022 (USD MILLION) 137
TABLE 72 ASIA PACIFIC: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 138
11.2.4 BY APPLICATION 138
TABLE 73 ASIA PACIFIC: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 138
TABLE 74 ASIA PACIFIC: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 138
11.2.5 BY COUNTRY 139
TABLE 75 ASIA PACIFIC: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY COUNTRY, 2017–2022 (USD MILLION) 139
TABLE 76 ASIA PACIFIC: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 139
11.2.5.1 China 139
11.2.5.1.1 Increasing EV production 139
TABLE 77 CHINA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2017–2022 (USD MILLION) 140
TABLE 78 CHINA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 140
TABLE 79 CHINA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2017–2022 (USD MILLION) 141
TABLE 80 CHINA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 141
TABLE 81 CHINA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 141
TABLE 82 CHINA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 142
11.2.5.2 India 142
11.2.5.2.1 Rising adoption of electricity-based transportation solutions 142
TABLE 83 INDIA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2017–2022 (USD MILLION) 143
TABLE 84 INDIA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 143
TABLE 85 INDIA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2017–2022 (USD MILLION) 143
TABLE 86 INDIA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 144
TABLE 87 INDIA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 144
TABLE 88 INDIA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 144
11.2.5.3 Japan 145
11.2.5.3.1 Increasing developments in EVs and associated charging infrastructure 145
TABLE 89 JAPAN: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2017–2022 (USD MILLION) 145
TABLE 90 JAPAN: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 146
TABLE 91 JAPAN: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2017–2022 (USD MILLION) 146
TABLE 92 JAPAN: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 146
TABLE 93 JAPAN: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 147
TABLE 94 JAPAN: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 147
11.2.5.4 South Korea 147
11.2.5.4.1 Growing government-led initiatives for boosting adoption of EVs 147
TABLE 95 SOUTH KOREA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2017–2022 (USD MILLION) 148
TABLE 96 SOUTH KOREA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 148
TABLE 97 SOUTH KOREA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2017–2022 (USD MILLION) 148
TABLE 98 SOUTH KOREA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 149
TABLE 99 SOUTH KOREA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 149
TABLE 100 SOUTH KOREA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 149
11.2.5.5 Rest of Asia Pacific 150
TABLE 101 REST OF ASIA PACIFIC: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2017–2022 (USD MILLION) 150
TABLE 102 REST OF ASIA PACIFIC: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 150
TABLE 103 REST OF ASIA PACIFIC: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2017–2022 (USD MILLION) 151
TABLE 104 REST OF ASIA PACIFIC: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 151
TABLE 105 REST OF ASIA PACIFIC: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 151
TABLE 106 REST OF ASIA PACIFIC: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 152
11.3 EUROPE 152
11.3.1 EUROPE: RECESSION IMPACT 152
FIGURE 41 EUROPE: SNAPSHOT OF LITHIUM IRON PHOSPHATE BATTERIES MARKET 153
11.3.2 BY CAPACITY 154
TABLE 107 EUROPE: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2017–2022 (USD MILLION) 154
TABLE 108 EUROPE: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 154
11.3.3 BY INDUSTRY 154
TABLE 109 EUROPE: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2017–2022 (USD MILLION) 154
TABLE 110 EUROPE: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 155
11.3.4 BY APPLICATION 155
TABLE 111 EUROPE: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 155
TABLE 112 EUROPE: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 155
11.3.5 BY COUNTRY 156
TABLE 113 EUROPE: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY COUNTRY, 2017–2022 (USD MILLION) 156
TABLE 114 EUROPE: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 156
11.3.5.1 UK 156
11.3.5.1.1 Expanding EV industry 156
TABLE 115 UK: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2017–2022 (USD MILLION) 157
TABLE 116 UK: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 157
TABLE 117 UK: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2017–2022 (USD MILLION) 158
TABLE 118 UK: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 158
TABLE 119 UK: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 158
TABLE 120 UK: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 159
11.3.5.2 Germany 159
11.3.5.2.1 Rising demand from automobile manufacturers 159
TABLE 121 GERMANY: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2017–2022 (USD MILLION) 159
TABLE 122 GERMANY: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 160
TABLE 123 GERMANY: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2017–2022 (USD MILLION) 160
TABLE 124 GERMANY: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 160
TABLE 125 GERMANY: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 161
TABLE 126 GERMANY: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 161
11.3.5.3 Netherlands 161
11.3.5.3.1 Growing sustainability concerns and presence of favorable government policies 161
TABLE 127 NETHERLANDS: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2017–2022 (USD MILLION) 162
TABLE 128 NETHERLANDS: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 162
TABLE 129 NETHERLANDS: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2017–2022 (USD MILLION) 162
TABLE 130 NETHERLANDS: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 163
TABLE 131 NETHERLANDS: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 163
TABLE 132 NETHERLANDS: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 163
11.3.5.4 Norway 164
11.3.5.4.1 Increasing adoption of EVs over conventional combustion vehicles 164
TABLE 133 NORWAY: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2017–2022 (USD MILLION) 164
TABLE 134 NORWAY: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 164
TABLE 135 NORWAY: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2017–2022 (USD MILLION) 165
TABLE 136 NORWAY: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 165
TABLE 137 NORWAY: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 165
TABLE 138 NORWAY: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 166
11.3.5.5 Rest of Europe 166
TABLE 139 REST OF EUROPE: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2017–2022 (USD MILLION) 166
TABLE 140 REST OF EUROPE: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 166
TABLE 141 REST OF EUROPE: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2017–2022 (USD MILLION) 167
TABLE 142 REST OF EUROPE: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 167
TABLE 143 REST OF EUROPE: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 167
TABLE 144 REST OF EUROPE: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 168
11.4 NORTH AMERICA 168
11.4.1 NORTH AMERICA: RECESSION IMPACT 168
11.4.2 BY CAPACITY 169
TABLE 145 NORTH AMERICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2017–2022 (USD MILLION) 169
TABLE 146 NORTH AMERICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 169
11.4.3 BY INDUSTRY 169
TABLE 147 NORTH AMERICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2017–2022 (USD MILLION) 169
TABLE 148 NORTH AMERICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 170
11.4.4 BY APPLICATION 170
TABLE 149 NORTH AMERICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 170
TABLE 150 NORTH AMERICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 170
11.4.5 BY COUNTRY 171
TABLE 151 NORTH AMERICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY COUNTRY, 2017–2022 (USD MILLION) 171
TABLE 152 NORTH AMERICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 171
11.4.5.1 US 171
11.4.5.1.1 Ongoing large-scale projects 171
TABLE 153 US: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2017–2022 (USD MILLION) 172
TABLE 154 US: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 172
TABLE 155 US: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2017–2022 (USD MILLION) 172
TABLE 156 US: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 173
TABLE 157 US: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 173
TABLE 158 US: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 173
11.4.5.2 Canada 174
11.4.5.2.1 Stringent emission regulations and sustainability concerns 174
TABLE 159 CANADA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2017–2022 (USD MILLION) 174
TABLE 160 CANADA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 175
TABLE 161 CANADA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2017–2022 (USD MILLION) 175
TABLE 162 CANADA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 175
TABLE 163 CANADA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 176
TABLE 164 CANADA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 176
11.4.5.3 Mexico 176
11.4.5.3.1 Rising foreign investments and infrastructure development 176
TABLE 165 MEXICO: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2017–2022 (USD MILLION) 177
TABLE 166 MEXICO: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 177
TABLE 167 MEXICO: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2017–2022 (USD MILLION) 177
TABLE 168 MEXICO: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 178
TABLE 169 MEXICO: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 178
TABLE 170 MEXICO: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 178
11.5.1 MIDDLE EAST & AFRICA: RECESSION IMPACT 179
11.5.2 BY CAPACITY 179
TABLE 171 MIDDLE EAST & AFRICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2017–2022 (USD MILLION) 179
TABLE 172 MIDDLE EAST & AFRICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 180
11.5.3 BY INDUSTRY 180
TABLE 173 MIDDLE EAST & AFRICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2017–2022 (USD MILLION) 180
TABLE 174 MIDDLE EAST & AFRICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 181
11.5.4 BY APPLICATION 181
TABLE 175 MIDDLE EAST & AFRICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 181
TABLE 176 MIDDLE EAST & AFRICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 181
11.5.5 BY COUNTRY 182
TABLE 177 MIDDLE EAST & AFRICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY COUNTRY, 2017–2022 (USD MILLION) 182
TABLE 178 MIDDLE EAST & AFRICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 182
11.5.5.1 Saudi Arabia 182
11.5.5.1.1 Growing adoption of renewable energy and related infrastructure developments 182
TABLE 179 SAUDI ARABIA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2017–2022 (USD MILLION) 183
TABLE 180 SAUDI ARABIA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 183
TABLE 181 SAUDI ARABIA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2017–2022 (USD MILLION) 184
TABLE 182 SAUDI ARABIA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 184
TABLE 183 SAUDI ARABIA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 184
TABLE 184 SAUDI ARABIA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 185
11.5.5.2 UAE 185
11.5.5.2.1 Rising investments in EV charging infrastructure 185
TABLE 185 UAE: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2017–2022 (USD MILLION) 185
TABLE 186 UAE: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 186
TABLE 187 UAE: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2017–2022 (USD MILLION) 186
TABLE 188 UAE: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 187
TABLE 189 UAE: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 187
TABLE 190 UAE: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 187
11.5.5.3 Turkey 188
11.5.5.3.1 Growing domestic EV production 188
TABLE 191 TURKEY: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2017–2022 (USD MILLION) 188
TABLE 192 TURKEY: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 188
TABLE 193 TURKEY: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2017–2022 (USD MILLION) 189
TABLE 194 TURKEY: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 189
TABLE 195 TURKEY: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 189
TABLE 196 TURKEY: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 190
11.5.5.4 Nigeria 190
11.5.5.4.1 Rising electricity demand 190
TABLE 197 NIGERIA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2017–2022 (USD MILLION) 190
TABLE 198 NIGERIA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 191
TABLE 199 NIGERIA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2017–2022 (USD MILLION) 191
TABLE 200 NIGERIA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 192
TABLE 201 NIGERIA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 192
TABLE 202 NIGERIA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 192
11.5.5.5 South Africa 193
11.5.5.5.1 Increased adoption of energy storage systems 193
TABLE 203 SOUTH AFRICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2017–2022 (USD MILLION) 193
TABLE 204 SOUTH AFRICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 193
TABLE 205 SOUTH AFRICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2017–2022 (USD MILLION) 194
TABLE 206 SOUTH AFRICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 194
TABLE 207 SOUTH AFRICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 194
TABLE 208 SOUTH AFRICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 195
11.5.5.6 Rest of Middle East & Africa 195
TABLE 209 REST OF MIDDLE EAST & AFRICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2017–2022 (USD MILLION) 196
TABLE 210 REST OF MIDDLE EAST & AFRICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 196
TABLE 211 REST OF MIDDLE EAST & AFRICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2017–2022 (USD MILLION) 196
TABLE 212 REST OF MIDDLE EAST & AFRICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 197
TABLE 213 REST OF MIDDLE EAST & AFRICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 197
TABLE 214 REST OF MIDDLE EAST & AFRICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 197
11.6 SOUTH AMERICA 198
11.6.1 SOUTH AMERICA: RECESSION IMPACT 198
11.6.2 BY CAPACITY 198
TABLE 215 SOUTH AMERICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2017–2022 (USD MILLION) 198
TABLE 216 SOUTH AMERICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 198
11.6.3 BY INDUSTRY 199
TABLE 217 SOUTH AMERICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2017–2022 (USD MILLION) 199
TABLE 218 SOUTH AMERICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 199
11.6.4 BY APPLICATION 199
TABLE 219 SOUTH AMERICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 199
TABLE 220 SOUTH AMERICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 200
11.6.5 BY COUNTRY 200
TABLE 221 SOUTH AMERICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY COUNTRY, 2017–2022 (USD MILLION) 200
TABLE 222 SOUTH AMERICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 200
11.6.5.1 Brazil 201
11.6.5.1.1 Rising import of EVs 201
TABLE 223 BRAZIL: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2017–2022 (USD MILLION) 201
TABLE 224 BRAZIL: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 201
TABLE 225 BRAZIL: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2017–2022 (USD MILLION) 202
TABLE 226 BRAZIL: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 202
TABLE 227 BRAZIL: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 202
TABLE 228 BRAZIL: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 203
11.6.5.2 Argentina 203
11.6.5.2.1 Growing sustainability concerns and adoption of renewable energy 203
TABLE 229 ARGENTINA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2017–2022 (USD MILLION) 203
TABLE 230 ARGENTINA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 204
TABLE 231 ARGENTINA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2017–2022 (USD MILLION) 204
TABLE 232 ARGENTINA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 205
TABLE 233 ARGENTINA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 205
TABLE 234 ARGENTINA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 205
11.6.5.3 Chile 206
11.6.5.3.1 Increasing applications of lithium iron phosphate batteries in automotive, industrial, and power sectors 206
TABLE 235 CHILE: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2017–2022 (USD MILLION) 206
TABLE 236 CHILE: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 206
TABLE 237 CHILE: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2017–2022 (USD MILLION) 207
TABLE 238 CHILE: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 207
TABLE 239 CHILE: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 207
TABLE 240 CHILE: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 208
11.6.5.4 Rest of South America 208
TABLE 241 REST OF SOUTH AMERICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2017–2022 (USD MILLION) 208
TABLE 242 REST OF SOUTH AMERICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY CAPACITY, 2023–2028 (USD MILLION) 208
TABLE 243 REST OF SOUTH AMERICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2017–2022 (USD MILLION) 209
TABLE 244 REST OF SOUTH AMERICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 209
TABLE 245 REST OF SOUTH AMERICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 209
TABLE 246 REST OF SOUTH AMERICA: LITHIUM IRON PHOSPHATE BATTERIES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 210
12 COMPETITIVE LANDSCAPE 211
12.1 OVERVIEW 211
TABLE 247 KEY STRATEGIES ADOPTED BY MAJOR MARKET PLAYERS 211
12.2 MARKET SHARE ANALYSIS, 2022 212
TABLE 248 LITHIUM IRON PHOSPHATE BATTERIES MARKET: DEGREE OF COMPETITION 213
FIGURE 42 MARKET SHARE ANALYSIS, 2022 213
12.3 MARKET EVALUATION FRAMEWORK, 2019–2023 214
TABLE 249 MARKET EVALUATION FRAMEWORK, 2019–2023 214
12.4 SEGMENTAL REVENUE ANALYSIS, 2017–2022 215
FIGURE 43 SEGMENTAL REVENUE ANALYSIS, 2017–2022 215
12.5 COMPETITIVE SCENARIOS AND TRENDS 216
12.5.1 PRODUCT LAUNCHES 216
TABLE 250 LITHIUM IRON PHOSPHATE BATTERIES MARKET: PRODUCT LAUNCHES, 2019–2023 216
12.5.2 DEALS 217
TABLE 251 LITHIUM IRON PHOSPHATE BATTERIES MARKET: DEALS, 2018–2022 217
12.5.3 OTHERS 218
TABLE 252 LITHIUM IRON PHOSPHATE BATTERIES MARKET: OTHERS, 2019–2023 218
12.6 COMPANY EVALUATION MATRIX, 2022 219
12.6.1 STARS 219
12.6.2 EMERGING LEADERS 219
12.6.3 PERVASIVE PLAYERS 219
12.6.4 PARTICIPANTS 219
FIGURE 44 LITHIUM IRON PHOSPHATE BATTERIES MARKET (GLOBAL): COMPANY EVALUATION MATRIX, 2022 220
12.7 COMPANY FOOTPRINT 221
TABLE 253 CAPACITY: COMPANY FOOTPRINT 221
TABLE 254 DESIGN: COMPANY FOOTPRINT 222
TABLE 255 INDUSTRY: COMPANY FOOTPRINT 223
TABLE 256 REGION: COMPANY FOOTPRINT 224
12.8 STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2022 225
12.8.1 PROGRESSIVE COMPANIES 225
12.8.2 RESPONSIVE COMPANIES 225
12.8.3 DYNAMIC COMPANIES 225
12.8.4 STARTING BLOCKS 225
FIGURE 45 LITHIUM IRON PHOSPHATE BATTERIES MARKET: STARTUPS/SMES EVALUATION MATRIX, 2022 226
12.9 COMPETITIVE BENCHMARKING 227
TABLE 257 LITHIUM IRON PHOSPHATE BATTERIES MARKET: LIST OF KEY STARTUPS/SMES 227
TABLE 258 CAPACITY: STARTUPS/SMES FOOTPRINT 227
TABLE 259 DESIGN: STARTUPS/SMES FOOTPRINT 228
TABLE 260 INDUSTRY: STARTUPS/SMES FOOTPRINT 228
TABLE 261 REGION: STARTUPS/SMES FOOTPRINT 228
13 COMPANY PROFILES 229
(Business Overview, Products/Services/Solutions Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
13.1 KEY PLAYERS 229
13.1.1 BYD COMPANY LTD. 229
TABLE 262 BYD COMPANY LTD.: COMPANY OVERVIEW 229
FIGURE 46 BYD COMPANY LTD.: COMPANY SNAPSHOT 230
TABLE 263 BYD COMPANY LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 230
TABLE 264 BYD COMPANY LTD.: OTHERS 231
13.1.2 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED. 233
TABLE 265 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED.: COMPANY OVERVIEW 233
FIGURE 47 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED.: COMPANY SNAPSHOT 234
TABLE 266 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 235
TABLE 267 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED.: DEALS 236
TABLE 268 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED.: OTHERS 239
13.1.3 GOTION, INC. 241
TABLE 269 GOTION, INC.: COMPANY OVERVIEW 241
FIGURE 48 GOTION, INC.: COMPANY SNAPSHOT 242
TABLE 270 GOTION, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 242
TABLE 271 GOTION, INC.: DEALS 243
TABLE 272 GOTION, INC.: OTHERS 244
13.1.4 CHINA AVIATION LITHIUM BATTERY CO., LTD. (CALB) 245
TABLE 273 CHINA AVIATION LITHIUM BATTERY CO., LTD. (CALB): COMPANY OVERVIEW 245
FIGURE 49 CHINA AVIATION LITHIUM BATTERY CO., LTD. (CALB): COMPANY SNAPSHOT 246
TABLE 274 CHINA AVIATION LITHIUM BATTERY CO., LTD. (CALB): PRODUCTS/SERVICES/SOLUTIONS OFFERED 246
TABLE 275 CHINA AVIATION LITHIUM BATTERY CO., LTD. (CALB): PRODUCT LAUNCHES 248
TABLE 276 CHINA AVIATION LITHIUM BATTERY CO., LTD. (CALB): DEALS 248
TABLE 277 CHINA AVIATION LITHIUM BATTERY CO., LTD. (CALB): OTHERS 249
13.1.5 A123 SYSTEMS LLC 250
TABLE 278 A123 SYSTEMS LLC: COMPANY OVERVIEW 250
TABLE 279 A123 SYSTEMS LLC: PRODUCTS/SERVICES/SOLUTIONS OFFERED 250
TABLE 280 A123 SYSTEMS LLC: DEALS 251
13.1.6 ULTRALIFE CORPORATION 252
TABLE 281 ULTRALIFE CORPORATION: COMPANY OVERVIEW 252
FIGURE 50 ULTRALIFE CORPORATION: COMPANY SNAPSHOT 252
TABLE 282 ULTRALIFE CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED 253
TABLE 283 ULTRALIFE CORPORATION: DEALS 254
13.1.7 K2 ENERGY 255
TABLE 284 K2 ENERGY: COMPANY OVERVIEW 255
TABLE 285 K2 ENERGY: PRODUCTS/SERVICES/SOLUTIONS OFFERED 255
TABLE 286 K2 ENERGY: PRODUCT LAUNCHES 256
TABLE 287 K2 ENERGY: DEALS 257
13.1.8 LITHIUMWERKS 258
TABLE 288 LITHIUMWERKS: COMPANY OVERVIEW 258
TABLE 289 LITHIUMWERKS: PRODUCTS/SERVICES/SOLUTIONS OFFERED 258
TABLE 290 LITHIUMWERKS: DEALS 259
TABLE 291 LITHIUMWERKS: OTHERS 260
13.1.9 TAICOPOWER 261
TABLE 292 TAICOPOWER: COMPANY OVERVIEW 261
TABLE 293 TAICOPOWER: PRODUCTS/SERVICES/SOLUTIONS OFFERED 261
13.1.10 BSL NEW ENERGY TECHNOLOGY CO., LTD 263
TABLE 294 BSL NEW ENERGY TECHNOLOGY CO., LTD: COMPANY OVERVIEW 263
TABLE 295 BSL NEW ENERGY TECHNOLOGY CO., LTD: PRODUCTS/SERVICES/SOLUTIONS OFFERED 263
TABLE 296 BSL NEW ENERGY TECHNOLOGY CO., LTD: PRODUCT LAUNCHES 264
13.1.11 ELECTRIC VEHICLE POWER SYSTEM TECHNOLOGY CO., LTD 265
TABLE 297 ELECTRIC VEHICLE POWER SYSTEM TECHNOLOGY CO., LTD: COMPANY OVERVIEW 265
TABLE 298 ELECTRIC VEHICLE POWER SYSTEM TECHNOLOGY CO., LTD: PRODUCTS/SERVICES/SOLUTIONS OFFERED 265
13.1.12 BENERGY TECH CO. LTD. 267
TABLE 299 BENERGY TECH CO. LTD.: COMPANY OVERVIEW 267
TABLE 300 BENERGY TECH CO. LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 267
TABLE 301 BENERGY TECH CO. LTD: PRODUCT LAUNCHES 269
13.1.13 RELION BATTERIES 270
TABLE 302 RELION BATTERIES: COMPANY OVERVIEW 270
TABLE 303 RELION BATTERIES: PRODUCTS/SERVICES/SOLUTIONS OFFERED 270
TABLE 304 RELION BATTERIES: PRODUCT LAUNCHES 271
TABLE 305 RELION BATTERIES: DEALS 271
13.1.14 BHARAT POWER SOLUTIONS 272
TABLE 306 BHARAT POWER SOLUTIONS: COMPANY OVERVIEW 272
TABLE 307 BHARAT POWER SOLUTIONS: PRODUCTS/SERVICES/SOLUTIONS OFFERED 272
13.1.15 VICTRON ENERGY 274
TABLE 308 VICTRON ENERGY: COMPANY OVERVIEW 274
TABLE 309 VICTRON ENERGY: PRODUCTS/SERVICES/SOLUTIONS OFFERED 274
TABLE 310 VICTRON ENERGY: PRODUCT LAUNCHES 275
13.1.16 KAYO BATTERY (SHENZHEN) COMPANY LIMITED 276
TABLE 311 KAYO BATTERY (SHENZHEN) COMPANY LIMITED: COMPANY OVERVIEW 276
TABLE 312 KAYO BATTERY (SHENZHEN) COMPANY LIMITED: PRODUCTS/SERVICES/SOLUTIONS OFFERED 276
13.1.17 KARACUS ENERGY PVT. LTD. 277
TABLE 313 KARACUS ENERGY PVT. LTD.: COMPANY OVERVIEW 277
TABLE 314 KARACUS ENERGY PVT. LTD.: PRODUCTS PRODUCTS/SERVICES/SOLUTIONS OFFERED 277
13.1.18 EVEREXCEED INDUSTRIAL CO., LTD. 278
TABLE 315 EVEREXCEED INDUSTRIAL CO., LTD: COMPANY OVERVIEW 278
TABLE 316 EVEREXCEED INDUSTRIAL CO., LTD: PRODUCTS/SERVICES/SOLUTIONS OFFERED 278
TABLE 317 EVEREXCEED INDUSTRIAL CO., LTD: PRODUCT LAUNCHES 279
13.2 OTHER PLAYERS 280
13.2.1 OPTIMUMNANO ENERGY CO., LTD. 280
13.2.2 EPEC, LLC. 280
13.2.3 SHENZHEN EASTAR BATTERY CO., LTD 281
13.2.4 SHENZHEN CYCLEN TECHNOLOGY CO., LTD. 281
*Details on Business Overview, Products/Services/Solutions Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
14 APPENDIX 282
14.1 INSIGHTS FROM INDUSTRY EXPERTS 282
14.2 DISCUSSION GUIDE 283
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 287
14.4 CUSTOMIZATION OPTIONS 289
14.5 RELATED REPORTS 289
14.6 AUTHOR DETAILS 290
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