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Report: The rechargeable battery market will rise to $51 billion by 2013
Advanced Rechargeable Battery Market: Emerging Technologies and Trends Worldwide
Posted on August 3rd, 2009
Whether it is a battery for the latest laptop, energy storage for a hybrid electric vehicle, or backup power for a remote telecommunications site, everyone wants a battery that has the highest energy density, best safety factor, and longest life in term of discharge cycles and ease of maintenance while still being environmentally friendly. These are the drivers behind rechargeable battery research around the world today. Rechargeable batteries, also known as storage batteries, are a continuing strong market, with worldwide sales of $36 billion in 2008. The rechargeable battery market will rise to $51 billion by 2013.
Lithium-ion is the battery chemistry of choice for future generations of portable electronics and hybrid and plug-in hybrid electric vehicles. In 2008, lithium-ion battery research had more funding than all other battery technologies combined. Nanotechnology and chemistry advances in electrode design are the key research topics that companies are using to push lithium-ion to be the dominant energy storage technology in the future.
The portable rechargeable battery market, of which lithium-ion has a 75% share, is the fastest growing segment of the rechargeable battery market, showing world market growth of 20% in 2008. Nickel-cadmium (Ni-Cd) batteries, still important for power tools and back-up systems, will decline rapidly in market share by 2013 due to stricter environmental controls on cadmium. And Ni-MH will see its market share slowly erode due to increasing lithium-ion market share and new silver-zinc and nickel-zinc rechargeable battery chemistries that are coming to market.
But despite the growing portable rechargeable battery market share, tried and true lead-acid battery technology continues to head rechargeable battery sales with a U.S. rechargeable battery market share of 79% in 2008. Current research using carbon based cathodes means that we will see lead acid batteries hold their traditional stronghold markets of automotive, industrial, and telecommunications backup markets.
Ni-MH hybrid vehicle batteries, which accounted for 1.7% of the world rechargeable battery market in 2008, will grow to hold 4.2% of market share by 2013 and will be shared by Ni-MH and lithium-ion batteries. Large scale batteries, particularly sodium sulfur (NaS), will grow from a $235 million per year market to $900 million a year in 2013 on the growth of increased renewable energy power generation.
There are other possibilities on the energy storage horizon such as ultracapacitors and fuel cells. But the reality of the next five years is that rechargeable batteries will continue to be the energy storage system of choice for portable electronics and power tools, as well expand new markets in motor vehicles and large scale renewable energy systems.
Advanced Rechargeable Battery Market: Emerging Technologies and Trends Worldwide contains comprehensive data on the U.S. and world market for storage batteries, including historical (2002-2008) and forecast (2009-2013) market size data. The report identifies key factors driving battery research, trends affecting the marketplace and market growth, and profiles major marketers and consumer demographics.
The information in Advanced Rechargeable Battery Market: Emerging Worldwide Trends and Opportunities is based on data from the U.S. Department of Commerce, the U.S. Census Bureau, the United Nations Statistics Division, and official census information from Japan, South Korea, Mexico and the United Nations ComTrade database. Other information comes from trade associations such as Battery Council International, business journals, company literature and websites, and research services. Trends and recent developments in the industry come directly from personal interviewers with key players in manufacturing, sales, and research and development of rechargeable batteries.
What You'll Get in This Report
Advanced Rechargeable Battery Market: Emerging Technologies and Trends Worldwide provides a concise, focused look on the world of rechargeable batteries as it exists today, and shows where battery technology is moving towards in the next five years. The report highlights key players in the industry and pinpoints ways current and prospective competitors can capitalize on recent trends and spearhead new ones. No other market research report provides both the comprehensive analysis and extensive data that Advanced Rechargeable Battery Market: Emerging Technologies and Trends Worldwide offers. Plus, you'll benefit from extensive data, presented in easy-to-read and practical charts, tables and graphs.
How You'll Benefit from this Report
If your company is already doing business in the rechargeable battery market, or is considering making the leap, you will find this report invaluable, as it provides a comprehensive package of information and insight not offered in any other single source. You will gain a thorough understanding of the current market for all types of storage batteries, as well as projected markets and trends through 2013.
This report will help:
Marketing managers identify market opportunities and develop targeted promotion plans for storage batteries.
Research and development professionals stay on top of competitor initiatives and explore demand for current storage batteries and new emerging storage battery products.
Advertising agencies working with clients in the banking and retail industries understand the product buyer to develop messages and images that compel consumers to buy storage batteries.
Business development executives understand the dynamics of the market and identify possible partnerships.
Information and research center librarians provide market researchers, brand and product managers and other colleagues with the vital information they need to do their jobs more effectively.
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