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Lithium Iron Phosphate (LiFePO4) Materials and Battery Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
The lithium iron phosphate (LiFePO4) battery, also called LFP battery (with "LFP" standing for "lithium ferrophosphate"), is a type of rechargeable battery, specifically a lithium-ion battery, which uses LiFePO4 as a cathode material, and a graphitic carbon electrode with a metallic current collector grid as the anode.The global Lithium Iron Phosphate (LiFePO4) Materials and Battery market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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Lithium iron phosphate (molecular formula is LiFePO4, also known as LFP) features such strengths as high safety, long cycle life, and high temperature resistance.
By Companies
• A123
• BYD
• Valence Technology
• STL Energy Technology
• Pulead
• Toyota
• Nissan
• Hyundai
By Type
• Graphite
• Lithium Iron Phosphate
• Lithium Fluoride
By Application
• Transportation
• Solar Garden and Security Light Systems
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