Iron Phosphate is a rechargeable battery which is generally used for high power applications. These batteries offers high service life and efficiency without need to be charged. Lithium Iron Phosphate batteries offered some major advantage which include high operating temperature range, wide cycling performance, high efficiency, and low internal resistance among others. These batteries offer high electrochemical performance with less resistance due to the use of nano-scale cathode material.

The lithium iron phosphate batteries offer advantages very high current rating and longer life cycle, improved tolerance and safety, good thermal stability among others. Due to the safe discharge and constant voltage, these batteries used in bicycles, solar devices, and cars. Lithium iron phosphate batteries are also called as lithium ferrophosphate batteries.

Lithium iron phosphate batteries have number of distinctive features, comprising:

• Low discharge rate
• Better power density
• Less heating
• Flat discharge curve
• Increased safety
• Higher charge cycles

The main major distinction is that the lithium iron phosphate batteries have from other li-ion batteries which is capable of offering a constant voltage and comparatively high charge life in the range of 2000-3000. These batteries are structurally stable and environmentally safe. They have a low discharge rate and lesser energy density. These batteries do not heat easily and they are cooler as compare to other batteries.

These batteries are easy to carry and store because of their lightweight and ability to offer large amount of energy. These batteries are highly used in several portable devices such as mobile phones and laptops. The recent development over the

As per trends it has been perceived that the number of manufacturers of Lithium Iron Phosphate batteries are constantly involved in R&D activities. The market involves wide-ranging investments and the return on investment is a quiet time taking method. This has resulted in the manufacturers to be severely dependent on the government capital in order to widen their facilities.

Furthermore, as a result of promising government policies in regions such as South Korea, China, and Japan is aiding the market to flourish. However, government in such countries are supporting eco-friendly technologies that is bound to result in several manufacturers to enter in the market and improve their own manufacturing products.

Presently, the lithium iron phosphate battery market is highly competitive and brand recognition, product quality, reliability, durability, energy and pricing density are the major importance for the manufacturers to stand their position in the market. Likewise, manufacturers offering high quality products at a reasonable price are likely to prefer.

Advantages of lithium iron phosphate batteries:

• These batteries have a longer life span than conventional lead acid batteries. It dramatically diminishes the need for battery changes.
• These batteries operate with the lower resistance and hence, it charge at a faster pace.
• Lithium iron phosphate batteries are lightweight than lead acid batteries, generally weighing about ¼ less.
• These batteries offers twice battery capacity with the similar amount of space.