PRISMATIC LIFEPO4 BATTERY MARKET ANALYSIS

Prismatic LiFePO4 Battery Market, By Product Type (14430, 14650, 17500, 18650, 18490, 22650, 26650, 32650, and Others) and By Application (Power Banks, Laptop Battery Packs, Electric Vehicles, Flashlights, Cordless Power Tools, and Others) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

To Be Published : Dec 2024
Code : CMI1656
Formats :
Excel and PDF
Industry : Energy

Market Challenges And Opportunities

The major factor restraining growth of the market is substitution of products such as pouch cell battery, button battery and cylindrical battery. The energy density (energy/volume) of a new LiFePO4 battery is somewhat lower than that of a new lithium cobalt oxide battery (14% reduction in energy density). Furthermore, Lithium ion batteries have low discharge rate compared with lead-acid batteries or cobalt oxide batteries.