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Fuel Cell And Battery Technologies

Advanced Battery Technology & Markets

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REPORT HIGHLIGHTS

  • The global market for large and advanced batteries increased from $8.4 billion in 2006 to $8.9 billion in 2007. It should reach $11.4 billion by 2012, a compound annual growth rate (CAGR) of 5.1%.
  • Much of the market value and growth will be due to electric vehicle (hybrid and plug-in) and portable computer sales and development.
  • The current battery technology dominating this market is nickel metal hydride. It is expected to play a dominant role through 2012 but lithium-ion technologies will become increasingly important, provided costs can be reduced and safety concerns addressed.

SUMMARY FIGURE
GLOBAL LARGE AND ADVANCED BATTERY MARKET PROJECTIONS BY APPLICATION, 2001-2012
($ MILLIONS)
Source: BCC Research