Lithium iron phosphate batteries have number of distinctive features, like
•Low discharge rate
•Better power density
•Less heating
•Flat discharge curve
•Increased safety
•Higher charge cycles
•non-explosive
The main thing 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.
Mostly, the lithium Iron Phosphate batteries involves in the R&D activities. The market involves wide-ranging investments and the return on investment is a quiet time taking method.