20 lithium iron phosphate batteries can be maintained. The annual growth rate of 5%

India Research company Sandler Research released forecast that iron phosphate lithium-ion battery ( 联赛 Global market in 2016 to 2020 to 20. 5% of the average annual compound growth rate ( CAGR) Growth.

it was reported that more than half of LFP consumption from China, there are so much demand, growth of electric cars in China, one of the reasons is significant.

in China, in order to cut greenhouse gas emissions and import instead of fuel, is expected to pure electric vehicles ( EV) And plug-in hybrid electric vehicles ( 插电式混合动力汽车) The electric car market will keep developing trend for a long time, such as use of storage battery is the LFP.

Sandler Research report, China in the global LFP market accounts for about 40%. In addition, LFP using rare metal lithium, about 95% of its total production comes from China.

the company said the intermittent renewable energy sources such as photovoltaic and wind power generation is the key of LFP market growth. Increasingly attention such as population increase and fossil fuel depletion, renewable energy power generation equipment import gradually become the focus.

in addition, the renewable energy resources and power grid interconnection increasing worldwide. In the micro grid and hybrid power system, adopted LFP fixation type battery backup purposes. The United States, for example, the island of saint Nicholas micro grid adopted 1000 KWH of LFP as a backup device.

the increase of renewable energy power generation promoted the LFP in overall global rapid import. Among them, the asia-pacific region in 2015, accounts for about 58% of the world as a whole of LFP market transactions, the global LFP has played a leading role in the market.

because has the characteristics such as high energy density and long cycle life, LFP instead energy battery is the most popular choice.