DUBLIN, July 28, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/3d2b8v/global_and) has announced the addition of the "Global and Chinese Lithium Iron Phosphate (LiFePO4) Material and Battery Industry Report, 2015-2018" report to their offering.
As one of the main cathode materials for lithium-ion batteries, lithium iron phosphate (molecular formula is LiFePO4, also known as LFP) features such strengths as high safety, long cycle life, and high temperature resistance. But its weakness is lower energy density. Lithium iron phosphate batteries can be used in electric vehicles, power tools, electric bicycles, energy storage devices, etc. For now, they are mainly used as power batteries for electric vehicles.
In 2014, some 12,500 tons of lithium iron phosphate were sold globally, and they were mainly sold to China, almost accounting for 75% of the total. That was mainly because Chinese electric vehicle enterprises tend to adopt lithium iron phosphate as power batteries of cathode materials. Additionally, China's great support for new energy vehicles has promoted the rapid increase of the country's demand for lithium iron phosphate. In contrast, cathode materials for power batteries in the US, Japan, and South Korea are dominated by ternary material and lithium manganate.
Globally, the traditional lithium iron phosphate material manufacturers mainly include the U.S.-based A123 and Valence and the Canada-based Phostech, which grasp mature mass-production technology. However, the demand for lithium iron phosphate battery in the US and European countries showed an ongoing decline, a situation that plunged them into financial difficulties. For example, A123 filed a petition in bankruptcy in October 2012, and was finally acquired by China's Wanxiang Group; Valence retreated from NASDAQ in July 2012 as it had long been in the red.
In recent years, however, lithium iron phosphate enterprises in Mainland China and Taiwan have been developing very fast, accompanied by dramatic capacity expansion and rising market position. By the end of 2014, over 80% of the world's lithium iron phosphate originated from Mainland China and Taiwan, of which the Taiwanese lithium iron phosphate material manufacturers were mainly Formosa and Aleees, of which total capacity approximated 7,300 tons in 2014.
However, the application of lithium iron phosphate batteries in energy storage, photovoltaic and communication batteries is on the rise, reflecting a huge space for development. In the field of electric bicycles, the batteries have obvious advantages over the traditional lead-acid batteries, hence a larger alternative space.
Key Topics Covered:
1. Overview of LiFePO4 Battery
2. Global LiFePO4 Market
3. Market of LiFePO4 Materials in Mainland China
4. Industry of LiFePO4 Battery in Mainland China
5. Key LiFePO4 Materials Manufacturers
6. Key LiFePO4 Battery Manufacturers
7. Summary and Forecast
- A123 Systems
- CENS Energy-Tech Co., Ltd.
- Formosa Energy & Material Technology Co., Ltd
- Guanghan Mufu Lithium Power Materials Co., Ltd
- HeFei GuoXuan High-Tech Power Energy Co., Ltd
- Hipower New Energy Group Co., Ltd
- Hirose Tech
- Huanyu Power Source Co.,Ltd
- Hunan Haorun Technology Co., Ltd
- Hunan Shanshan Advanced Materials Co., Ltd
- Nanjing Lasting Brilliance New Energy Technology Co., Ltd
- NanoChem Systems (Suzhou) Co., Ltd
- Pihsiang Energy Technology
- Pulead Technology Industry Co., Ltd
- QingDao Qianyun High-tech New Material Co., Ltd
- Qingdao Hongnai New Energy
- ShenZhen TianJiao Technology Development LTD
- Shenzhen BAK Battery
- Shenzhen BTR New Energy Material Co., Ltd
- Shenzhen Mottcell Battery Technology Co., Ltd
- Suzhou Golden Crown New Energy Co., Ltd
- Tatung Fine Chemicals
- Tianjin Lishen Battery Joint-Stock Co., Ltd
- Tianjin STL Energy Technology Co., Ltd
- Wanxiang EV Co., Ltd
- Xinxiang Chuangjia Power Supply Material Co., Ltd
- Xinxiang Huaxin Energy Materials Co., Ltd
- Yantai Zhuoneng Battery Material Co., Ltd
For more information visit http://www.researchandmarkets.com/research/3d2b8v/global_and
Laura Wood, +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets