Name: Can LFP technology retain its battery market share?
Brand: Wood Mackenzie
SKU: 131892
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Author: Wood Mackenzie

Insight 30 July 2020

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<p>Electric vehicle (EV) and energy storage systems (ESS) battery sectors use a variety of battery technologies and chemistries. These sectors have expanded rapidly over the past decade and OEMs have settled on a few lithium-ion chemistries which now make up the majority of installations. In this brief insight we take a look at the development of LFP technology during the expansion of the EV and ESS markets and outline our future expectations.</p>
<p><img src="/contentassets/9872035e57e74d3c85cadd13f067213b/imagekb7qj.png" alt="" width="600" height="500" /></p>
<p><em>This report is also available as part of Wood Mackenie's <a href="/archived-pages/pr/energy-storage-service/">Energy Storage Service</a>.</em></p></div>
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                        Lithium-iron-phosphate (LFP) is poised to overtake lithium-manganese-cobalt-oxide (NMC) as the dominant stationary storage chemistry within the decade, growing from 10% of the market in 2015 to more than 30% in 2030.
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