Battery Control Technology: Global Markets
The global wholesale level market for battery control technology was nearly $86 billion in 2011 and should grow to more than $124 billion (constant 2012 dollars) by 2016 under a consensus scenario, a CAGR of 7%.
SCOPE AND FORMAT
First, this report organizes the battery control technology market into five sub-sectors based on the type of consumer:
- Traction, marine and aviation.
- Portable products.
- Stationary (UPS, emergency, remote).
- On-road electric vehicles.
Then, the market is organized by type of battery control technology:
- Battery chargers.
- Battery conditioners.
- Smart battery systems.
Each of these divisions is comprised of different market sub-sectors, and each is examined in terms of past, present and future sales. Historic wholesale markets for 2006 and 2011 forecast 2016 market figures are provided. Predicted markets and compound annual growth rates (CAGRs) are expressed in constant Year 2012 dollars. A detailed discussion of the companies involved is provided for each battery control market sub-sector. Most market summaries are based on a consensus scenario that assumes no unanticipated technical advances and no unexpected legislation. In some cases, several possible development scenarios are presented. Totals are rounded to the nearest million dollars. When appropriate, information from previously published sources is identified to allow a more detailed examination by clients.
This report’s project analyst, Donald Saxman, is the editor of BCC Research’s Power Sources and Advanced Vehicle Progress newsletters, and has founded several other BCC newsletters. Mr. Saxman has more than 28 years of experience in market analysis, technical writing, and newsletter editing. Since 1983, he has operated as a technical market consultant and subcontractor to BCC Research, and, in this capacity, he has prepared more than 80 technology market research reports, including many that covered battery technology and battery markets. His previous experience includes supervision of a quality-control laboratory at a major secondary lead refinery, experience as an analytical chemist at a hazardous waste testing service, product assurance manager for a space station life-support-system project, and an information technology business analyst and project manager.
The U.S. wholesale market for battery control technology was in excess of $2.2 billion in 2003 and should rise at an average annual growth rate (AAGR) of 11.3% to more than $4.2 billion by 2009.
Battery chargers and power converters currently represent the largest of the three battery control technology market sectors, with 2003 sales of about $1.4 billion.
By 2009, smart batteries will be the largest of the three sectors, with wholesale sales exceeding $2.2 billion.
One of the most promising market sectors is based on the potential of automotive smart batteries that combine advanced battery systems with microprocessor-controlled built-in chargers and conditioners.
The U.S. wholesale level market for battery control technology will be over $1.8 billion in 2000 and should grow to over $8.5 billion (constant 2000 dollars) by 2010. Specifically, battery chargers and power converters represent the largest of the three battery control technology market sectors, with 2000 sales of $1.1 billion. By 2010, smart batteries will be the largest of the three sectors, with wholesale sales over $5.9 billion compared to approximately $2.2 billion in chargers and approximately $450 million in power conditioners.
Automotive batteries (those sold for starting, lighting, and ignition in cars, motorcycles, and trucks) represent the major consumer of lead and the single highest value battery market sector. There are over 65 million battery chargers in place in American households. An additional 24 million commercial, industrial, and government sites own automotive battery chargers. This means that there are approximately 89 million automotive battery chargers in service. The normal service life for automotive battery chargers is 4-6 years. This means that all other things considered 15-20 million new battery chargers must be sold annually to replace retired units.
The market for automotive smart batteries will grow from about $5 million market in 2000 to a $980 million annual market within ten years.