Lithium Iron Phosphate Battery Market Worth $24.6 Billion in 2027 – Exclusive Report by MarketsandMarkets™

Chicago, July 21 2022 (GLOBE NEWSWIRE) — The lithium iron phosphate battery market is expected to reach USD 24.6 billion by 2027 from an estimated market size of USD 13.0 billion in 2022, growing at a CAGR of 13. 7% over the forecast period, according to a new report from MarketsandMarkets™. The market is primarily driven by the growing adoption of electric vehicles, while the adoption of renewable energy storage systems offers lucrative growth opportunities. Download the PDF brochure: