World battery demand to approach $74 billion in 2010.
Although the rate of growth will be less robust than in developing parts of the world, battery demand in the US, Western Europe and Japan will accelerate through 2010. Market gains in these areas will be fueled by largely favorable economic conditions and higher income levels, leading to increased use of a wide variety of battery-powered products. Renewed growth in motor vehicle production will also contribute to battery sales growth in the US and Western Europe.
Non-lead-acid secondary battery market gains will outpace demand for primary and lead-acid secondary batteries through 2010. Sales of lithium ion and lithium polymer batteries and, to a lesser extent, nickel-metal hydride batteries will be spurred by the immense popularity of electronic devices such as cell phones and portable digital audio players. Primary battery demand will also rise, driven by increased use of electrical and electronic products traditionally powered by primary batteries. Lead-acid battery sales will expand as well, benefitting from rising automotive output and growing demand in applications like uninterruptible power supplies. Nevertheless, sales of lead-acid batteries will continue to lag demand for other product types.
Consumer battery demand will outperform other market segments through 2010 as global economic conditions improve and income levels climb. Sales of batteries used in industrial and other applications will also be healthy, stimulated by increases in fixed investment spending and total manufacturing output, particularly in developing areas. Automotive battery demand will be fueled by an acceleration in motor vehicle production, but market gains will lag growth in overall battery demand, restrained by intense price competition and the maturity of most developed world markets.
World Batteries (published 08/2006, 492 pages) is available for $5,700 from The Freedonia Group, Inc., 767 Beta Drive, Cleveland, OH 44143-2326. For further details, please contact Corinne Gangloff by phone 440.684.9600, fax 440.646.0484 or e-mail email@example.com. Information may also be obtained through www.freedonia.com.
WORLD BATTERY DEMAND (million dollars) % Annual Growtn Item 2000 2005 2010 05/00 10/05 World Battery Demand 38300 52600 73600 6.6 6.9 North America 10325 12100 15250 3.2 4.7 Western Europe 9630 11400 13950 3.4 4.1 Asia/Pacific 12850 21300 33100 10.6 9.2 Other Regions 5495 7800 11300 7.3 7.7 [c] 2006 by The Freedonia Group, Inc.
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|Title Annotation:||NEWS REALEASE|
|Publication:||Research Studies - Freedonia Group|
|Date:||Mar 25, 2007|
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