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Rapidly glorifying automotive industry across the globe, rapidly increasing electric vehicle sales, & rapidly growing demand for lithium-iron phosphate battery
PORTLAND, OREGON, UNITED STATES, August 12, 2022 /EINPresswire.com/ — The global lithium-iron phosphate batteries market size was valued at $5.6 billion in 2020, and lithium-iron phosphate batteries market forecast to reach $9.9 billion by 2030 at a CAGR of 5.9% from 2021 to 2030. Rising manufacturing capacities for lithium-iron phosphate batteries across the globe and strict government norms implemented to control increasing pollution drive the growth of the global lithium iron phosphate batteries market. On the other hand, high price of lithium-iron phosphate batteries restrains the growth to some extent. However, rapid surge in demand for…
Lithium-Iron Phosphate Batteries Market Recorded 5.9% Y-O-Y Growth Rate by 2030
