Large and Advanced Battery Technology and Markets

The global large-and-advanced battery market was worth $15.3 billion in 2009 and $16.7 billion in 2012. BCC projects a market of more than $21 billion by 2017, a compound annual growth rate (CAGR) of 4.6% between 2012 and 2017.

Report Includes

• An overview of the market for large and advanced battery technology, with discussion of first-generation, next-generation, specialty, and developmental systems.
• Analyses of market trends, with data from 2001 through 2012, and projections of compound annual growth rates (CAGRs) through 2017.
• Definitions of the various systems, such as first-generation (lead-acid,  nickel-cadmium), next-generation (nickel-metal hydride, lithium-ion, lithium-polymer), specialty (silver-zinc secondary, silver-cadmium, nickel-hydrogen, nickel-zinc, metal-air), and developmental (sodium-sulfur, high-temperature lithium, redox and flow, nickel-iron,  calcium-metal sulfide, sodium-metal chloride, lithium-sulfur).
• Identification of established markets, such as: motive power, portable product power, stationary power and hybrid electric vehicles.

• Large and advanced batteries represented an $8.2 billion global market in 2009. This market is projected to grow at a compound annual growth rate (CAGR) of 6% between 2009 and 2014, to nearly $11 billion, making it one of the largest and fastest-growing, technology-driven electrical/electronic sectors.
  
• The HEV and PHEV battery market is expected to grow at a compound annual growth rate (CAGR) of 15% over the next 5 years,  from $1.3 billion in 2009 to reach more than $2.6 billion in 2014. 
  
• The overall stationary market is expected to reach better than $3.1 billion by 2014, a compound annual growth rate (CAGR) of 5% from the 2009 value of $2.4 billion.

• 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.

• The U.S. market for large-and-advanced batteries was valued at $3.0 billion in 2003 and is growing at an average annual rate (AAGR) of 8.8%.
• The market is expected to reach $4.5 billion in 2008.
• The HEV/EV battery market is expected to grow at an AAGR of more than 50% to nearly $250 million in 2008. Nickel-metal hydride technologies dominate this market.
• The $1,195 million 2003 portable computer battery market is expected to rise at an AAGR of 4.5% to reach $1.5 billion by 2008. Nickel-metal hydride battery sales will drop with lithium technologies rising.
• The highest value large-and-advanced battery type is nonautomotive lead-acid. As defined, they represent an $881 million U.S. market, withboth traction and stationary applications being the largest sectors.

• Large-and-advanced batteries represent a $2.2 billion market growing at an average annual rate of over 7%. Thereafter, as new applications develop, growth should accelerate, growing at an average annual rate of nearly 17% through 2010 to a total of $7.3 billion.
• Utility load leveling batteries could grow to an annual $15 million market by 2010.
• The U.S. uninterruptible power supply battery market is currently worth $400 million and is expected to grow to $540 million by 2005, and to $655 million by 2010.
• Average annual large-and-advanced U.S. lithium-ion battery sales are currently $350 million and will balloon to over $835 million in 2005.