Lithium Iron Phosphate Batteries Market Insights 2019 : BYD, A123 Systems, K2 Energy, Electric Vehicle Power System Technology, OptimumNano Energy, Contemporary Amperex Technology
The lithium iron phosphate batteries market is projected to reach USD 10.6 billion by 2024 from an estimated USD 8.3 billion in 2019, at a CAGR of 5.0% during the forecast period. Growing adoption of electric and hybrid electric vehicles and rising demand for renewable energy storage are key factors likely to drive the lithium iron phosphate batteries market during the forecast period.
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