BRIGHT OUTLOOK FORECAST FOR LITHIUM BATTERY MARKET DESPITE DECLINING MILITARY MARKET.LONDON--(BUSINESS WIRE)-- Lithium battery Lithium batteries are primary batteries that have lithium metal or lithium compounds as an anode. Depending on the design and chemical compounds used lithium cells can produce voltages from 1.5V to about 3V, twice the voltage of an ordinary zinc-carbon battery or alkaline cell. technology is continuing to grow in importance in Europe relative to other, more mature battery technologies. Although the long term high growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. seen for lithium lithium (lĭth`ēəm) [Gr.,=stone], metallic chemical element; symbol Li; at. no. 3; at. wt. 6.941; m.p. about 180.54°C;; b.p. about 1,342°C;; sp. gr. .534 at 20°C;; valence +1. Lithium is a soft, silver-white metal. products in the past have been curtailed to some extent in 1992 and 1993 by the troubled European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. economy, the outlook in the longer term remains bright, with revenues for 1999 forecast to reach $179 million. After a poor year in 1993, 1994 is expected to be a year of consolidation rather than spectacular growth, with a forecast annual growth rate of just 2.1 percent in the European market. The growth rate is expected to accelerate in 1995, with a forecast compound annual growth rate of 9 percent for the period 1996 to 1999. These forecasts come in a new study from international market research publisher Frost & Sullivan that provides analyses and forecasts for the European lithium battery market by 7 geographical regions, 6 product groups and 8 end-user industries. The report also profiles 21 leading suppliers to the market, giving estimated market shares. The growth rate of the total market disguises major variations across the different lithium battery product types. Highest growth is forecast for the secondary lithium market which is expected to show growth in excess of 50 percent, albeit from a small base, to yield revenues of $11.6 million in 1999. The release of a commercial lithium-ion product by Sony and the impending im·pend intr.v. im·pend·ed, im·pend·ing, im·pends 1. To be about to occur: Her retirement is impending. 2. release of similar products by other manufacturers is expected to boost the market share of secondary lithium products to 6.5 percent by 1999. This forecast, however, must be treated with a degree of caution due to uncertainty surrounding sur·round tr.v. sur·round·ed, sur·round·ing, sur·rounds 1. To extend on all sides of simultaneously; encircle. 2. To enclose or confine on all sides so as to bar escape or outside communication. n. the acceptance of lithium-ion technology in high volume applications, its cost competitiveness with alternative solutions and its long term safety. By 1999, it is expected that over three-quarters of the total market will be accounted for by two couples: lithium- manganese dioxide manganese dioxide n. A black crystalline compound, MnO2, used as a depolarizer of dry-cell batteries and in textile dyeing. and lithium-thionyl chloride chloride (klōr`īd, klôr`–), chemical compound containing chlorine. Most chlorides are salts that are formed either by direct union of chlorine with a metal or by reaction of hydrochloric acid (a water solution of hydrogen chloride) . Manganese dioxide technology is expected to represent half of the total market, with 1999 revenues of $88.2 million, primarily on account of its widespread availability from multiple sources and on safety and environmental grounds. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the report, despite a decrease in the size of the military and aerospace market from almost 40 percent of the total market five years ago, this sector remains the largest market for lithium batteries, accounting for an estimated 27.5 percent in 1993. The largest end-user of lithium batteries in 1999 is expected to be the consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and sector, accounting for nearly 20 percent of the total market, followed by industrial equipment with just under 17 percent. Highest growth is forecast for the utilities and automotive markets, each with a forecast compound annual growth rate of nearly 17 percent. The report confirms Germany as the largest market for lithium batteries in Europe, followed by the United Kingdom and France. These three markets together accounted for approximately 85 percent of the total European market for lithium batteries in 1993. Germany is expected to account for market revenues of $67 million in 1999. Highest growth in percentage terms is forecast for the Benelux market, with an anticipated compound annual growth rate of 9.8 percent. "There have been few significant changes in ownership in the industry in the last two years and it is unlikely that there will be many radical changes over the next few years," states the new study. "This is due to the fact that most of the leading suppliers to the lithium battery market are part of massive multinational companies." Japanese suppliers have continued to make market share gains in Europe over the last two years, as a result of their focus on manganese dioxide technology and their absence from the declining military sector of the market. The Japanese manufacturers are also well positioned to take a dominant share of the high growth secondary lithium market in the near future. Frost & Sullivan is an international high-technology research firm. All Frost & Sullivan reports are based on extensive interviews with marketing and technical experts from selected companies in each market segment. Primary research is validated val·i·date tr.v. val·i·dat·ed, val·i·dat·ing, val·i·dates 1. To declare or make legally valid. 2. To mark with an indication of official sanction. 3. by thorough analysis of available secondary research. Frost & Sullivan is the leading publisher worldwide of high- technology research reports. Report: 1981-45 Publication Date: 1994 CONTACT: For further information please contact: Amy Arnell Kristina Menzefricke Nadge Keryhuel Mountain View London Paris (415) 961-9000 44 171 730 3438 33 1 4742 9127 (415) 961-5042(fax) 44 171 730 3343 33 1 4742 9129 REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston 617-330-5311 or |
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