Lithium Iron Phosphate Battery Market to Reach USD 23.55 Billion by 2031, Driven by EV and Energy Storage Demand | Valuates Reports
Prnewswire·2025-12-20 16:27

Global Lithium Iron Phosphate Battery Market Size BANGALORE, India, Dec. 20, 2025 /PRNewswire/ -- The global Lithium Iron Phosphate (LFP) battery market was valued at approximately USD 8.45 billion in 2024 and is projected to reach around USD 23.55 billion by 2031, growing at a robust CAGR of about 16.0% during the forecast period. This strong growth is driven by accelerating adoption of LFP technology across electric vehicles, energy storage systems, and industrial applications. Get Free Sample Report: ht ...