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Fuel Cell And Battery Technologies

Lithium Batteries: Markets and Materials

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REPORT HIGHLIGHTS

  • The U.S. lithium battery material market grew to more than $2 billion in 2003. Rising at an average annual growth rate (AAGR) of 4.7%, this market will reach $2.7 billion in 2009.
  • Put into perspective, the entire U.S. battery market will be worth more than $13 billion in 2004 (much of this for lead-acid automotive batteries).
  • Nonrechargeable (primary) lithium batteries were worth $312 million in 2002 and the U.S. market should grow to a predicted $522 million in 2009, at an AAGR of 5.7%.
  • The rechargeable secondary lithium battery market was approximately $1,410 million in 2002 but should grow to more than $2.1 billion by 2009.

SUMMARY FIGURE
U.S. LITHIUM BATTERY SALES, 2002-2009
($ MILLIONS)
Source: BCC, Inc.