The global market for LFP Battery Module was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.
An LFP (Lithium Iron Phosphate) Battery Module refers to a self-contained unit that integrates multiple individual LFP battery cells along with necessary components like a Battery Management System (BMS), connectors, and housing. LFP batteries are a type of lithium-ion battery that use lithium iron phosphate as the cathode material. These batteries are known for their high thermal stability, longer cycle life, and enhanced safety compared to other lithium-ion chemistries.
China"s policy on lithium-ion batteries mainly focuses on lithium-ion batteries. In 2015, in order to strengthen the management of lithium-ion battery industry and improve the development level of the industry, China formulated the Standard of Lithium-ion Battery Industry. the global sales of new energy vehicles reached 10.8 million units in 2022, with a year-on-year increase of 61.6%. In 2022, China new energy vehicle sales reached 6.8 million units, and the global share increased to 63.6%. In Q4 2022, sales penetration rate of China"s new energy vehicle reached 27%, while the global average penetration rate was only 15%. Europe penetration was 19%, and North America penetration rate was only 6%. Lithium batteries will fully benefit from the high growth of downstream demand. According to the Ministry of Industry and Information Technology, China"s lithium-ion battery production reached 750 GWh in 2022, up more than 130 percent year on year. Among them, the output of lithium energy storage battery exceeded 100 GWh, and the total output value of the industry exceeded 1.2 trillion yuan. The industrial application of lithium battery was also growing rapidly. In 2022, the loading capacity of new energy vehicle power battery was about 295 GWh, and the new energy vehicle power battery was about 295 GWh. According to our research, in 2022, the overall global lithium-ion battery shipments were 957GWh, a year-on-year increase of 70%. Global vehicle power battery (EV LIB) shipments were 684GWh, a year-on-year increase of 84%; Energy storage battery (ESS LIB) shipments were 159.3GWh, a year-on-year increase of 140%.
Report Scope
This report aims to provide a comprehensive presentation of the global market for LFP Battery Module, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding LFP Battery Module.
The LFP Battery Module market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global LFP Battery Module market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the LFP Battery Module manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Huawei
Eaton
Saft
Samsung
Vertiv
MPINarada
Kstar
Shenzhen CLOU Electronics
Zhejiang GBS Energy
ECO POWER Group
Frey New Energy
MG Energy Systems
MUST ENERGY (GUANGDONG) TECHNOLOGY
LithiumWerks
MODE Electrical
EIKTO
Bicker Elektronik
Goldencell Electronics Technology
Shenzhen A&S Power Technology
Shenzhen CONSNANT Technology
StorTera
by Type
12V
24V
48V
Others
by Application
EV
Energy Storage Plants
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of LFP Battery Module manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of LFP Battery Module by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of LFP Battery Module in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
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1 LFP Battery Module Market Overview
1.1 Product Definition
1.2 LFP Battery Module by Type
1.2.1 Global LFP Battery Module Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 12V
1.2.3 24V
1.2.4 48V
1.2.5 Others
1.3 LFP Battery Module by Application
1.3.1 Global LFP Battery Module Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 EV
1.3.3 Energy Storage Plants
1.3.4 Others
1.4 Global Market Growth Prospects
1.4.1 Global LFP Battery Module Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global LFP Battery Module Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global LFP Battery Module Production Estimates and Forecasts (2020-2031)
1.4.4 Global LFP Battery Module Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global LFP Battery Module Production Market Share by Manufacturers (2020-2025)
2.2 Global LFP Battery Module Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of LFP Battery Module, Industry Ranking, 2023 VS 2024
2.4 Global LFP Battery Module Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global LFP Battery Module Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of LFP Battery Module, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of LFP Battery Module, Product Offered and Application
2.8 Global Key Manufacturers of LFP Battery Module, Date of Enter into This Industry
2.9 LFP Battery Module Market Competitive Situation and Trends
2.9.1 LFP Battery Module Market Concentration Rate
2.9.2 Global 5 and 10 Largest LFP Battery Module Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 LFP Battery Module Production by Region
3.1 Global LFP Battery Module Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global LFP Battery Module Production Value by Region (2020-2031)
3.2.1 Global LFP Battery Module Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of LFP Battery Module by Region (2026-2031)
3.3 Global LFP Battery Module Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global LFP Battery Module Production Volume by Region (2020-2031)
3.4.1 Global LFP Battery Module Production by Region (2020-2025)
3.4.2 Global Forecasted Production of LFP Battery Module by Region (2026-2031)
3.5 Global LFP Battery Module Market Price Analysis by Region (2020-2025)
3.6 Global LFP Battery Module Production and Value, Year-over-Year Growth
3.6.1 North America LFP Battery Module Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe LFP Battery Module Production Value Estimates and Forecasts (2020-2031)
3.6.3 China LFP Battery Module Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan LFP Battery Module Production Value Estimates and Forecasts (2020-2031)
4 LFP Battery Module Consumption by Region
4.1 Global LFP Battery Module Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global LFP Battery Module Consumption by Region (2020-2031)
4.2.1 Global LFP Battery Module Consumption by Region (2020-2025)
4.2.2 Global LFP Battery Module Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America LFP Battery Module Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America LFP Battery Module Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe LFP Battery Module Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe LFP Battery Module Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Netherlands
4.5 Asia Pacific
4.5.1 Asia Pacific LFP Battery Module Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific LFP Battery Module Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa LFP Battery Module Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa LFP Battery Module Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global LFP Battery Module Production by Type (2020-2031)
5.1.1 Global LFP Battery Module Production by Type (2020-2025)
5.1.2 Global LFP Battery Module Production by Type (2026-2031)
5.1.3 Global LFP Battery Module Production Market Share by Type (2020-2031)
5.2 Global LFP Battery Module Production Value by Type (2020-2031)
5.2.1 Global LFP Battery Module Production Value by Type (2020-2025)
5.2.2 Global LFP Battery Module Production Value by Type (2026-2031)
5.2.3 Global LFP Battery Module Production Value Market Share by Type (2020-2031)
5.3 Global LFP Battery Module Price by Type (2020-2031)
6 Segment by Application
6.1 Global LFP Battery Module Production by Application (2020-2031)
6.1.1 Global LFP Battery Module Production by Application (2020-2025)
6.1.2 Global LFP Battery Module Production by Application (2026-2031)
6.1.3 Global LFP Battery Module Production Market Share by Application (2020-2031)
6.2 Global LFP Battery Module Production Value by Application (2020-2031)
6.2.1 Global LFP Battery Module Production Value by Application (2020-2025)
6.2.2 Global LFP Battery Module Production Value by Application (2026-2031)
6.2.3 Global LFP Battery Module Production Value Market Share by Application (2020-2031)
6.3 Global LFP Battery Module Price by Application (2020-2031)
7 Key Companies Profiled
7.1 Huawei
7.1.1 Huawei LFP Battery Module Company Information
7.1.2 Huawei LFP Battery Module Product Portfolio
7.1.3 Huawei LFP Battery Module Production, Value, Price and Gross Margin (2020-2025)
7.1.4 Huawei Main Business and Markets Served
7.1.5 Huawei Recent Developments/Updates
7.2 Eaton
7.2.1 Eaton LFP Battery Module Company Information
7.2.2 Eaton LFP Battery Module Product Portfolio
7.2.3 Eaton LFP Battery Module Production, Value, Price and Gross Margin (2020-2025)
7.2.4 Eaton Main Business and Markets Served
7.2.5 Eaton Recent Developments/Updates
7.3 Saft
7.3.1 Saft LFP Battery Module Company Information
7.3.2 Saft LFP Battery Module Product Portfolio
7.3.3 Saft LFP Battery Module Production, Value, Price and Gross Margin (2020-2025)
7.3.4 Saft Main Business and Markets Served
7.3.5 Saft Recent Developments/Updates
7.4 Samsung
7.4.1 Samsung LFP Battery Module Company Information
7.4.2 Samsung LFP Battery Module Product Portfolio
7.4.3 Samsung LFP Battery Module Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Samsung Main Business and Markets Served
7.4.5 Samsung Recent Developments/Updates
7.5 Vertiv
7.5.1 Vertiv LFP Battery Module Company Information
7.5.2 Vertiv LFP Battery Module Product Portfolio
7.5.3 Vertiv LFP Battery Module Production, Value, Price and Gross Margin (2020-2025)
7.5.4 Vertiv Main Business and Markets Served
7.5.5 Vertiv Recent Developments/Updates
7.6 MPINarada
7.6.1 MPINarada LFP Battery Module Company Information
7.6.2 MPINarada LFP Battery Module Product Portfolio
7.6.3 MPINarada LFP Battery Module Production, Value, Price and Gross Margin (2020-2025)
7.6.4 MPINarada Main Business and Markets Served
7.6.5 MPINarada Recent Developments/Updates
7.7 Kstar
7.7.1 Kstar LFP Battery Module Company Information
7.7.2 Kstar LFP Battery Module Product Portfolio
7.7.3 Kstar LFP Battery Module Production, Value, Price and Gross Margin (2020-2025)
7.7.4 Kstar Main Business and Markets Served
7.7.5 Kstar Recent Developments/Updates
7.8 Shenzhen CLOU Electronics
7.8.1 Shenzhen CLOU Electronics LFP Battery Module Company Information
7.8.2 Shenzhen CLOU Electronics LFP Battery Module Product Portfolio
7.8.3 Shenzhen CLOU Electronics LFP Battery Module Production, Value, Price and Gross Margin (2020-2025)
7.8.4 Shenzhen CLOU Electronics Main Business and Markets Served
7.8.5 Shenzhen CLOU Electronics Recent Developments/Updates
7.9 Zhejiang GBS Energy
7.9.1 Zhejiang GBS Energy LFP Battery Module Company Information
7.9.2 Zhejiang GBS Energy LFP Battery Module Product Portfolio
7.9.3 Zhejiang GBS Energy LFP Battery Module Production, Value, Price and Gross Margin (2020-2025)
7.9.4 Zhejiang GBS Energy Main Business and Markets Served
7.9.5 Zhejiang GBS Energy Recent Developments/Updates
7.10 ECO POWER Group
7.10.1 ECO POWER Group LFP Battery Module Company Information
7.10.2 ECO POWER Group LFP Battery Module Product Portfolio
7.10.3 ECO POWER Group LFP Battery Module Production, Value, Price and Gross Margin (2020-2025)
7.10.4 ECO POWER Group Main Business and Markets Served
7.10.5 ECO POWER Group Recent Developments/Updates
7.11 Frey New Energy
7.11.1 Frey New Energy LFP Battery Module Company Information
7.11.2 Frey New Energy LFP Battery Module Product Portfolio
7.11.3 Frey New Energy LFP Battery Module Production, Value, Price and Gross Margin (2020-2025)
7.11.4 Frey New Energy Main Business and Markets Served
7.11.5 Frey New Energy Recent Developments/Updates
7.12 MG Energy Systems
7.12.1 MG Energy Systems LFP Battery Module Company Information
7.12.2 MG Energy Systems LFP Battery Module Product Portfolio
7.12.3 MG Energy Systems LFP Battery Module Production, Value, Price and Gross Margin (2020-2025)
7.12.4 MG Energy Systems Main Business and Markets Served
7.12.5 MG Energy Systems Recent Developments/Updates
7.13 MUST ENERGY (GUANGDONG) TECHNOLOGY
7.13.1 MUST ENERGY (GUANGDONG) TECHNOLOGY LFP Battery Module Company Information
7.13.2 MUST ENERGY (GUANGDONG) TECHNOLOGY LFP Battery Module Product Portfolio
7.13.3 MUST ENERGY (GUANGDONG) TECHNOLOGY LFP Battery Module Production, Value, Price and Gross Margin (2020-2025)
7.13.4 MUST ENERGY (GUANGDONG) TECHNOLOGY Main Business and Markets Served
7.13.5 MUST ENERGY (GUANGDONG) TECHNOLOGY Recent Developments/Updates
7.14 LithiumWerks
7.14.1 LithiumWerks LFP Battery Module Company Information
7.14.2 LithiumWerks LFP Battery Module Product Portfolio
7.14.3 LithiumWerks LFP Battery Module Production, Value, Price and Gross Margin (2020-2025)
7.14.4 LithiumWerks Main Business and Markets Served
7.14.5 LithiumWerks Recent Developments/Updates
7.15 MODE Electrical
7.15.1 MODE Electrical LFP Battery Module Company Information
7.15.2 MODE Electrical LFP Battery Module Product Portfolio
7.15.3 MODE Electrical LFP Battery Module Production, Value, Price and Gross Margin (2020-2025)
7.15.4 MODE Electrical Main Business and Markets Served
7.15.5 MODE Electrical Recent Developments/Updates
7.16 EIKTO
7.16.1 EIKTO LFP Battery Module Company Information
7.16.2 EIKTO LFP Battery Module Product Portfolio
7.16.3 EIKTO LFP Battery Module Production, Value, Price and Gross Margin (2020-2025)
7.16.4 EIKTO Main Business and Markets Served
7.16.5 EIKTO Recent Developments/Updates
7.17 Bicker Elektronik
7.17.1 Bicker Elektronik LFP Battery Module Company Information
7.17.2 Bicker Elektronik LFP Battery Module Product Portfolio
7.17.3 Bicker Elektronik LFP Battery Module Production, Value, Price and Gross Margin (2020-2025)
7.17.4 Bicker Elektronik Main Business and Markets Served
7.17.5 Bicker Elektronik Recent Developments/Updates
7.18 Goldencell Electronics Technology
7.18.1 Goldencell Electronics Technology LFP Battery Module Company Information
7.18.2 Goldencell Electronics Technology LFP Battery Module Product Portfolio
7.18.3 Goldencell Electronics Technology LFP Battery Module Production, Value, Price and Gross Margin (2020-2025)
7.18.4 Goldencell Electronics Technology Main Business and Markets Served
7.18.5 Goldencell Electronics Technology Recent Developments/Updates
7.19 Shenzhen A&S Power Technology
7.19.1 Shenzhen A&S Power Technology LFP Battery Module Company Information
7.19.2 Shenzhen A&S Power Technology LFP Battery Module Product Portfolio
7.19.3 Shenzhen A&S Power Technology LFP Battery Module Production, Value, Price and Gross Margin (2020-2025)
7.19.4 Shenzhen A&S Power Technology Main Business and Markets Served
7.19.5 Shenzhen A&S Power Technology Recent Developments/Updates
7.20 Shenzhen CONSNANT Technology
7.20.1 Shenzhen CONSNANT Technology LFP Battery Module Company Information
7.20.2 Shenzhen CONSNANT Technology LFP Battery Module Product Portfolio
7.20.3 Shenzhen CONSNANT Technology LFP Battery Module Production, Value, Price and Gross Margin (2020-2025)
7.20.4 Shenzhen CONSNANT Technology Main Business and Markets Served
7.20.5 Shenzhen CONSNANT Technology Recent Developments/Updates
7.21 StorTera
7.21.1 StorTera LFP Battery Module Company Information
7.21.2 StorTera LFP Battery Module Product Portfolio
7.21.3 StorTera LFP Battery Module Production, Value, Price and Gross Margin (2020-2025)
7.21.4 StorTera Main Business and Markets Served
7.21.5 StorTera Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 LFP Battery Module Industry Chain Analysis
8.2 LFP Battery Module Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 LFP Battery Module Production Mode & Process Analysis
8.4 LFP Battery Module Sales and Marketing
8.4.1 LFP Battery Module Sales Channels
8.4.2 LFP Battery Module Distributors
8.5 LFP Battery Module Customer Analysis
9 LFP Battery Module Market Dynamics
9.1 LFP Battery Module Industry Trends
9.2 LFP Battery Module Market Drivers
9.3 LFP Battery Module Market Challenges
9.4 LFP Battery Module Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Huawei
Eaton
Saft
Samsung
Vertiv
MPINarada
Kstar
Shenzhen CLOU Electronics
Zhejiang GBS Energy
ECO POWER Group
Frey New Energy
MG Energy Systems
MUST ENERGY (GUANGDONG) TECHNOLOGY
LithiumWerks
MODE Electrical
EIKTO
Bicker Elektronik
Goldencell Electronics Technology
Shenzhen A&S Power Technology
Shenzhen CONSNANT Technology
StorTera
听
听
*If Applicable.