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Portable Lithium Iron Phosphate (LFP) Battery Market Share

Report ID: GMI8197
Published Date: Feb 2024
Report Format: PDF

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Portable Lithium Iron Phosphate Battery Market Share

Global Company Market Share Analysis, 2023 (%)

Tesla commands a substantial presence in the portable lithium iron phosphate market, renowned for its vast expertise in engineering and producing diverse lithium-ion chemistries, such as LFP and NMC, among others. With a rich history deeply rooted in battery technology, the company has delivered battery solutions across a broad spectrum of applications, spanning energy storage, automotive, and beyond.

Portable Lithium Iron Phosphate Battery Market Companies

Some of the prominent players operating across the portable lithium iron phosphate 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 portable LFP battery was reached USD 13 billion in 2023 and is expected to register 16.9% CAGR from 2024 to 2032, owing to increasing demand for energy-efficient storage systems and the rising imperative to ensure battery safety and longevity worldwide.

Portable lithium iron phosphate battery industry from the automotive segment is expected to register over 16.5% CAGR from 2024 to 2032, due to their cost-effectiveness and safety features, making them preferable among consumers.

North America portable LFP battery industry is expected to reach over USD 17.9 billion by 2032, due to the increasing adoption of electric and hybrid vehicles, as well as growing investments in grid-scale energy storage systems in the region.

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., are some of the major portable lithium iron phosphate battery companies worldwide.