Growth in Some Countries is Even Faster
Sales of primary and secondary batteries are expected to rise through 2010 to $73.6 billion. Gains in China will exceed any other national market because of healthy economic growth and industrialization efforts. China will surpass the U.S. to become the largest battery market in the world.
Sales increases for these and other countries are published in the study “World Batteries” The report, or sections of it may be purchased from The Freedonia Group, Cleveland OH .
The study also focuses on specialty rechargeable batteries such as lithium-ion and lithium polymer batteries, with their growth rates outlined in the various countries.
The market demand for batteries in the U.S. will approach $15 billion in 2011
The US demand is forecast to increase 4.3 percent annually through 2011 to $14.9 billion. Cellular telephones and other devices that require increased performance with reduced battery size are pushing the mix toward more expensive batteries. These and other trends are presented in “US Batteries”, a new study from the Freedonia Group, Inc., a Cleveland-based industry market research firm.
Another report covers the increasing demand for materials used in the production of batteries and fuel cells. The market for materials will rise by an estimated 4.4 percent per year to $3.8 billion in 2011.
The title of the report is “Battery & Fuel Cell Materials” , also available from the Freedonia Group.
Batteries in China
Finally, for information on the growing markets for batteries in China, and the increase in battery manufacturers in China, we recommend the report “Batteries in China”.