Lithium Iron Phosphate Battery Manufacturers: Technological Advancements Expected To Boost Revenue Growth 2016 - 2024
The lithium iron phosphate (LFP) battery refers to rechargeable lithium-ion battery which uses LiFePO as a cathode material. The energy density in LiFePO batteries are lower as compared to that of have common LiCoO design available in consumer electronic. However, better power density and longer lifetimes and safety are some of the benefits associated with these batteries.. Lithium Iron Phosphate, also known as LFP has various features such as long cycle life, high safety and high temperature resistance. Lithium iron phosphate batteries find application in power tools, electric vehicles, energy storage devices and electric bicycles among others. But as of now, the main use of Lithium Iron Phosphate battery is its use power batteries for electric vehicles. The Lithium Iron Phosphate battery market is expected to grow as a result of various factors such as the ever increasing population due to which there has been a significant depletion of fossil fuel reserves. This ...