Lithium Iron Phosphate Batteries Market to Hit USD 60 Billion by 2035

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2025-05-14 16:53:19 -

The global Lithium Iron Phosphate (LFP) Batteries market, valued at US$ 16.4 billion in 2024, is poised for significant growth, projected to reach US$ 60.0 billion by 2035. This expansion reflects a robust compound annual growth rate (CAGR) of 12.5% from 2025 to 2035. The surge in demand is driven by increasing adoption of LFP batteries in electric vehicles, renewable energy storage systems,...

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