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Automotive Portable Lithium Iron Phosphate (LFP) Battery Market Share

Report ID: GMI10913
Published Date: Aug 2024
Report Format: PDF

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Automotive Portable LFP Battery Market Share

Global Automotive Portable LFP Battery Company Market Share Analysis, 2023

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Tesla has a prominent position in the automotive portable LFP battery industry, known for its extensive expertise in engineering and producing various lithium-ion chemistries, including LFP and NMC. With a long history in battery technology, Tesla has supplied battery solutions across a broad spectrum of applications, from energy storage and automotive to other sectors.

Automotive Portable LFP Battery Market Companies

Major key players operating across the automotive portable lithium iron phosphate (LFP) battery industry are:

A123 Systems, LLC
Clarios
Contemporary Amperex Technology Co., Limited
Ding Tai Battery Company Ltd.
Duracell, Inc.
ENERGON
Exide Technologies
General Electric
Hitachi Energy Ltd.
Koninklijke Philips N.V.
LG Energy Solution
LITHIUMWERKS
ProLogium Technology CO., Ltd.
Saft
Tesla

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of automotive portable lithium iron phosphate battery was worth USD 10.7 billion in 2023 and is anticipated to register 16.8% CAGR between 2024 and 2032, due to their safety, long cycle life, and cost-effectiveness.

The BEV segment in the automotive portable lithium iron phosphate battery market is expected to record 16.6% CAGR through 2032, due to their cost-effectiveness, safety, and durability.

North America automotive portable lithium iron phosphate (LFP) battery market is anticipated to reach USD 17.9 billion by 2032, due to their safety and local manufacturing investments for meeting growing EV demand.

A123 Systems, LLC, Clarios, Contemporary Amperex Technology Co., Limited, Ding Tai Battery Company Ltd., Duracell, Inc., ENERGON, Exide Technologies, General Electric, and Hitachi Energy Ltd., among others.