Battery Control Technology: Global Markets


April 5, 2012
355 Pages - SKU: WA3866843
License type:
Countries covered: Global



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%. 

Battery chargers currently represent the largest of the three battery control technology market sectors, with 2011 sales of over $48 billion. BCC expects this market to reach $69.6 billion by 2016, a CAGR of 7.6%.

Smart batteries (including both nickel metal hydride and lithium-ion) are the second largest market sector, especially those used in portable products and on-road electric vehicles.  Smart batteries represent $32 billion in 2011 and are expected to grow to more than $49 billion by 2016, a CAGR of 8.5%.



Additional Information

Report Excerpt

STUDY GOAL AND OBJECTIVES

Rechargeable batteries are routinely used in portable product and stationary power applications, including computers, cellular phones, and uninterruptible and emergency power supplies. More recently, rechargeable batteries have been evolved from relatively low performance industrial vehicles to electric vehicles that rival internal combustion vehicles in performance and exceed their efficiency. This revolution in battery power has been possible through a systems approach that includes advanced batteries, “smart” microcontroller battery chargers, and power conditioners. This impacts the commercial and consumer electronics market, the transportation market, and the electrical power generation market, among others.

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