The globe wide battery marketplace is now worth roughly fifty-five billion US dollars, of which roughly 6 billion dollars is allocated to rechargeable (secondary) batteries. The rise is estimated at five% annually through 2012. Indonesia, Pakistan, Ecuador, Germany and Japan will record many of the strongest market gains.

Presently the strongest growth area within the battery sector is that the automotive market, which has strong double-digit growth. Inside the automotive space, HEVs are driving a tide in sales of lithium along with other chemical technologies, while core SLA battery market continues to sustain revenues and show steady growth because of after-market sales and also the expanding global fleet of motor vehicles. Almost 50 percent from the current 13 billion dollar lead acid battery marketplace is as a result of replacement category. Despite recent increases in lead prices, the Sealed lead-acid battery marketplace is prone to experience continued growth thanks to its reliability, tough construction, low price of maintenance, better performance compared along with technologies, and also the inability to attain a commercially viable alternative technology that can replace SLA batteries in almost all these aspects.

Another fervent growth sub-category is that the PC battery market which is predicted to rise in one point five billion dollars in 2006 on a compound annual growth rate of approximately 8 percent.

The reality above are abundant grounds of just how hot the battery marketplace is for venture capitalists currently, as well as what an enormous return they expect any time a battery technology breakthrough should occur. A revolution during this space could be akin towards the holy-grail, because of dependency on batteries for portability.

From the many chemical technologies, the Lithium rechargeable battery marketplace is projected to become seven billion dollars in 2015. Of the growth, the Lithium rechargeable battery marketplace for Hybrid Electric Vehicles is envisaged to rise from virtually zero in 2006 to roughly US two billion dollars in 2015 – the equivalent of any 50% year-over-year CAGR. The overall marketplace for Lithium batteries is increasing much faster regarding quantity, but because of device cost reductions because of improved efficiencies inside the manufacturing processes and increases in production volumes, aggregate revenue growth Isn't forecast to quicken so quickly.

The storage battery market is very competitive and vast sums of cash are invested on research and development annually. Advanced New chemical technologies, together with advancements in old technologies leads industry experts to predict improvements in battery capacity (for equivalent size and weight) of 3 to 4 times over ensuing 4 years. This doubling of capacity every 2 5 years is just like moores law inside the computer sector which sees cpu power doubling every sixteen months.

Regarding single-use batteries, ordinarily a consumer purchases most of these batteries 4 times per annum. Single-use batteries are gauged to obtain the very best margin per sq foot in many retail stores, and they're often an distress purchase through the consumer. These varieties of batteries are sold in additional retail establishments than some other products, period. This really is obviously as a result of vast array of products which are heavily reliant on batteries – Many experts view sales pretty much recession proof.

From your environmental view, expendable batteries are clearly problematic, because of their very nature. The worlds landfills are full from the often toxic byproducts from the disposable battery boom. In light of the the European Union has arrived at the table and introduced legislation known as European Directive on Batteries, that has finally been agreed to and is going to enter into force in 2008, introducing recycling towards the market. It's hoped the US along with other notable countries will follow this development closely and introduce their very own environmental bills.


 

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