Lithium batteries replace lead-acid batteries

Replace Lead-acid Batteries

Lead Acid Replacement Battery

Sealed Lead Acid Replacement Battery

LiFePO4 Batteries Replace Lead-acid Battery

Asia Pacific is expected to be the largest market during the forecast period

The lithium iron phosphate batteries market is segmented, by region, into North America, Europe, Asia Pacific, the Middle East & Africa, and South America. Asia Pacific led the lithium iron phosphate batteries market with the largest share in 2018 and this trend is expected to continue until 2024. The North American market is also likely to play an important role in driving the demand for lithium iron phosphate batteries.

Key Market Players

The major players in the lithium iron phosphate batteries market are BYD (China), A123 Systems (US), K2 Energy (US), Electric Vehicle Power System Technology (China), OptimumNano Energy (China), and Contemporary Amperex Technology (China).

BYD (China) is a key player of the 16,251–50,000 mAh segment market. The company actively focuses on both organic and inorganic strategies to increase its global market share. For instance, in July 2019, the company signed an agreement with Toyota Motor for the joint development of battery electric vehicles. Under the agreement, the 2 companies developed electric vehicles as well as batteries by using advanced battery chemistries like lithium iron phosphate.

 Home > Products > Lithium batteries replace lead-acid batteries

Mr. Potto Yao

SEND INQUIRY

Tel:

+86-0755-13829261250
Fax:
E-mail:

potto@sz-intelligentenergy.com