Chicago, IL -- (SBWIRE) -- 07/13/2017 -- According to the report, "Lithium Iron Phosphate Battery Market, by Applications (Renewable Power, Consumer Electronics, Hybrid Electric Vehicles, Electric Vehicles) - Global Revenue, Trends, Growth, Share, Size, and Forecast to 2022", the market for lithium iron phosphate battery is expected to grow at an impressive rate, due to the increased prevalence of diseases and the rising demand from around the world.

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The objective of this report is to describe the market trends and revenue forecasts for the Lithium Iron Phosphate Battery market for the next five years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trend

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KEY PREMIUM INDUSTRY INSIGHTS

1. The key factors driving the growth of the lithium iron phosphate battery market include the longer life of the lithium iron phosphate batteries and the strong focus on renewable power generation.

2. The rise in demand for the electric vehicles and hybrid electric vehicles is one of the key growth opportunity drivers for this market.

3. However, the recycling concerns and the lack of awareness are the major factors that may hamper the growth of the lithium iron phosphate battery market in the near future.

MARKET SEGMENTATION

This report analyzes the lithium iron phosphate battery market by the following segments:

Lithium Iron Phosphate Battery Market, by Applications
1. Renewable Power
2. Consumer Electronics
3. Hybrid Electric Vehicles
4. Electric Vehicles

KEY MARKET PLAYERS

Key players in the lithium iron phosphate battery market include:

1. A123
2. Pihsiang Energy
3. Electrical Vehicle Power System Technology
4. Victory Technology
5. K2Energy
6. BYD
7. OptimumNano Energy
8. Schneider Electric
9. Hi Powerb

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