With the slowdown in world economic growth, the Prismatic LiFePO4 Battery industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Prismatic LiFePO4 Battery market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2018, Stratagem Market Insights analysts believe that in the next few years, Prismatic LiFePO4 Battery market size will be further expanded, we expect that by 2023, The market size of the Prismatic LiFePO4 Battery will reach XXX million $.
Overview
The prismatic LiFePO4 batteries are lithium-ion batteries used in prismatic or pouch cell designs that are an excellent way to reduce weight and cost and enhance efficiency. Prismatic LiFePO4 batteries find applications in electric vehicles, power banks, flashlights, and laptop battery-packs. LiFePO4 batteries are thermo-resistance, eco-friendly, and highly stable under extreme conditions. The global prismatic LiFePO4 battery market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global LiFePO4 battery market is expected to witness significant growth during the forecast period, owing to high product reliability.
Market Driver
High cost-effectiveness involved in its production is expected to drive growth of the global prismatic LiFePO4 battery market during the forecast period. The cost-efficiency for the production of prismatic LiFePO4 has improved significantly in the recent past. The production process includes electrode coating, process control, cell assembly, and formation. Electrode coating has received significant popularity due to various benefits such as fast control on coating and flexibility. Thus, these factors are expected to drive growth of the global prismatic LiFePO4 battery market during the forecast period. Furthermore, product reliability offered by these batteries is expected to boost the global prismatic LiFePO4 battery market growth over the forecast period.
Market Restraint
Presence of substitute products such as pouch cell battery, cylindrical battery, and button battery is expected to restrain growth of the global prismatic LiFePO4 battery market during the forecast period.
Regional Insights
Among regions, North America is expected to witness significant growth in the global prismatic LiFePO4 battery market during the forecast period. This is owing to rising demand for prismatic batteries in electrical and automotive sectors across the region. Furthermore, Asia Pacific is expected to register robust growth over the forecast period, owing to rising industrialization across the region.
Competitive Section
Key players operating in the global prismatic LiFePO4 battery market are Padre Electronic, Panasonic, CHAM BATTERY, LG Chem, Zhuoneng New Energy, Sony, DLG Electronics, Wanxiang Group, OptimumNano, Hitachi, LARGE, Tianjin Lishen, and Hefei Guoxuan.
Major companies are focused on joint ventures, in order to enhance the market presence. For instance, in February 2020, Panasonic Corporation formed a joint venture with Toyota Motor on prismatic batteries for electric vehicles.
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers.
Section 1: Definition
Section (2 3): Manufacturer Detail
Panasonic(Sanyo)
Samsung SDI
LG Chem
Sony
Wanxiang Group(A123)
Hitachi
Tianjin Lishen
Hefei Guoxuan
LARGE
OptimumNano
DLG Electronics
Zhuoneng New Energy
CHAM BATTERY
Padre Electronic
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7):
Product Type Segmentation
14430.0
14650.0
17500.0
18650.0
18490.0
Industry Segmentation
Power Banks
Laptop Battery Packs
Electric Vehicles
Flashlights
Cordless Power Tools
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2018-2023)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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