Countries covered: Global
Whether it is a battery for the latest laptop, energy storage for a hybrid electric vehicle, or backup power for a remote telecommunications site, everyone wants a battery that has the highest energy density, best safety factor, and longest life in term of discharge cycles and ease of maintenance while still being environmentally friendly. These are the drivers behind rechargeable battery research around the world today. Rechargeable batteries, also known as storage batteries, are a continuing strong market, with worldwide sales of $36 billion in 2008. The rechargeable battery market will rise to $51 billion by 2013.
Lithium-ion is the battery chemistry of choice for future generations of portable electronics and hybrid and plug-in hybrid electric vehicles. In 2008, lithium-ion battery research had more funding than all other battery technologies combined. Nanotechnology and chemistry advances in electrode design are the key research topics that companies are using to push lithium-ion to be the dominant energy storage technology in the future.
The portable rechargeable battery market, of which lithium-ion has a 75% share, is the fastest growing segment of the rechargeable battery market, showing world market growth of 20% in 2008. Nickel-cadmium (Ni-Cd) batteries, still important for power tools and back-up systems, will decline rapidly in market share by 2013 due to stricter environmental controls on cadmium. And Ni-MH will see its market share slowly erode due to increasing lithium-ion market share and new silver-zinc and nickel-zinc rechargeable battery chemistries that are coming to market.
But despite the growing portable rechargeable battery market share, tried and true lead-acid battery technology continues to head rechargeable battery sales with a U.S. rechargeable battery market share of 79% in 2008. Current research using carbon based cathodes means that we will see lead acid batteries hold their traditional stronghold markets of automotive, industrial, and telecommunications backup markets.
Ni-MH hybrid vehicle batteries, which accounted for 1.7% of the world rechargeable battery market in 2008, will grow to hold 4.2% of market share by 2013 and will be shared by Ni-MH and lithium-ion batteries. Large scale batteries, particularly sodium sulfur (NaS), will grow from a $235 million per year market to $900 million a year in 2013 on the growth of increased renewable energy power generation.
There are other possibilities on the energy storage horizon such as ultracapacitors and fuel cells. But the reality of the next five years is that rechargeable batteries will continue to be the energy storage system of choice for portable electronics and power tools, as well expand new markets in motor vehicles and large scale renewable energy systems.
Advanced Rechargeable Battery Market: Emerging Technologies and Trends Worldwide contains comprehensive data on the U.S. and world market for storage batteries, including historical (2002-2008) and forecast (2009-2013) market size data. The report identifies key factors driving battery research, trends affecting the marketplace and market growth, and profiles major marketers and consumer demographics.
Report Methodology
The information in Advanced Rechargeable Battery Market: Emerging Worldwide Trends and Opportunities is based on data from the U.S. Department of Commerce, the U.S. Census Bureau, the United Nations Statistics Division, and official census information from Japan, South Korea, Mexico and the United Nations ComTrade database. Other information comes from trade associations such as Battery Council International, business journals, company literature and websites, and research services such as Simmons Market Research Bureau. Trends and recent developments in the industry come directly from personal interviews with key players in manufacturing, sales, and research and development of rechargeable batteries.
What You’ll Get in This Report
Advanced Rechargeable Battery Market: Emerging Technologies and Trends Worldwide provides a concise, focused look on the world of rechargeable batteries as it exists today, and shows where battery technology is moving towards in the next five years. The report highlights key players in the industry and pinpoints ways current and prospective competitors can capitalize on recent trends and spearhead new ones. No other market research report provides both the comprehensive analysis and extensive data that Advanced Rechargeable Battery Market: Emerging Technologies and Trends Worldwide offers. Plus, you’ll benefit from extensive data, presented in easy-to-read and practical charts, tables and graphs.
How You’ll Benefit from this Report
If your company is already doing business in the rechargeable battery market, or is considering making the leap, you will find this report invaluable, as it provides a comprehensive package of information and insight not offered in any other single source. You will gain a thorough understanding of the current market for all types of storage batteries, as well as projected markets and trends through 2013.
This report will help:
- Marketing managers identify market opportunities and develop targeted promotion plans for storage batteries.
- Research and development professionals stay on top of competitor initiatives and explore demand for current storage batteries and new emerging storage battery products.
- Advertising agencies working with clients in the banking and retail industries understand the product buyer to develop messages and images that compel consumers to buy storage batteries.
- Business development executives understand the dynamics of the market and identify possible partnerships.
- Information and research center librarians provide market researchers, brand and product managers and other colleagues with the vital information they need to do their jobs more effectively.
Additional Information
Market Insights: A Selection From The Report
Emerging Large Scale Battery TechnologiesInvestor Drew Clark of IBMs Venture Capital Group has stated, Increasingly, smart VC money is going to Smart Grid. Smart energy grids use computer networking types of design
and architecture to manage a countrys power grid. If smart grids truly are becoming a notable cause, then the energy storage systems that go with them are also going to be getting
some serious attention. And if that is the case, it is the large scale storage systems that can scale themselves from the home sized application to the power plant size application that will
have the most chance of catching the eye of investors.
NGK insulators out of Japan manufacture high temperature sodium-sulfur (NaS) batteries for power plant load-leveling applications. High temperature nickel chloride (ZEBRA) batteries
are produced by MES-DEA S.A. of Switzerland for hybrid vehicles, but they only produced 2000 batteries a year as of 2007. Both NaS and ZEBRA batteries are already in production in
reasonable quantities with enough history that they can be considered proven technologies. Despite this advantage, they are currently virtually ignored in the U.S.
U.S. Government Funding in Rechargeable Battery Technologies
U.S. Government Department of Energy (DOE) funding is through two different departments; the Office of Energy Efficiency & Renewable Energy (EERE) and the Office of
Electricity Delivery & Energy Reliability (OE). For the U.S in 2008, lithium-ion chemistries received ten times the amount of government research funding than other battery chemistries
combined.
The Battery Landscape of 2013
Lithium-ion and lead-acid batteries will each continue to be the dominant battery chemistry in their respective regimes; lead-acid for automotive and industrial applications and lithium-ion
for portable applications. By 2013, you will see more and more lead-carbon lead-acid batteries, as much as 20% of the lead-acid market. SBI predicts that mixed oxide cathodes will be the dominant type of cathode used for portable electronics lithium-ion batteries. Overall, lithium-ion batteries will see a 75% percent increase in energy density for the battery chemistry from 2008 to 2013. Hybrid vehicles will still predominantly use Ni-MH batteries in 2013, but lithium-ion technology using LFP or mixed oxide cathodes and newer separators within the battery will finally be durable enough to survive the conditions expected by automotive manufacturers. By 2013 SBI estimates that 10% of the hybrid vehicles sold will be using these lithium-ion chemistries. SBI predicts that silver-zinc rechargeable batteries will take over some of the laptop and cellular phone battery market for those who need the absolute longest runtime for their laptops and cellular phones.
In the News
Rechargeable Batteries Market Energized by Forecasts of Strong Growth
New York, March 9, 2009 - Whether it is a battery for a hybrid or electric vehicle, the latest laptop, or backup power for a remote telecommunications site, everyone wants a battery that has the highest energy density, best safety factor, and longest life in term of discharge cycles and ease of maintenance while still being environmentally friendly.
These are the drivers behind rechargeable battery research around the world today, notes industrial market research publisher SBI in the brand-new report, Advanced Rechargeable Battery Market: Emerging Worldwide Trends and Opportunities. Rechargeable batteries, also known as storage batteries, are a continuing strong market, with worldwide sales of $36 billion in 2008. SBI forecasts that the rechargeable battery market will rise to $51 billion by 2013.
Lithium-ion is the battery chemistry of choice for future generations of portable electronics and hybrid and plug-in hybrid electric vehicles. In 2008, lithium-ion battery research had more funding than all other battery technologies combined. The portable rechargeable battery market, of which lithium-ion has a 75% share, is the fastest growing segment of the rechargeable battery market, showing world market growth of 20% in 2008.
The next five years will see rechargeable batteries continue to be the energy storage system of choice for portable electronics and power tools, as well as expand into new markets in motor vehicles and large scale renewable energy systems. Lithium-ion is the battery chemistry blazing the trail for the reality of electric cars on the roadrather than concept cars on the showroom floor, said Shelley Carr, SBI associate publisher.
Advanced Rechargeable Battery Market: Emerging Technologies and Trends Worldwide contains comprehensive data on the U.S. and world market for storage batteries, including historical (2002-2008) and forecast (2009-2013) market size data. The report identifies key factors driving battery research, trends affecting the marketplace and market growth, and profiles major marketers and consumer demographics.
About SBI
SBI (Specialists in Business Information) publishes research reports in the industrial, energy, building/construction, automotive/transportation and packaging markets. SBI also offers a full range of custom research services.
