The Economy Is Crashing!!! But The Battery Market Is Still *CHARGING* Ahead!!!!
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The Battery Market Will Charge Ahead
| July 7, 2009 7:05AM |
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Very few storage technologies have actually reached the scalable deployment phase, so we’re not fully aware of the portfolio of possibilities — and the market isn’t feeling the true impact of these innovations yet. Several companies produce lithium-ion batteries, but utilities have only begun to experiment with them for load balancing.
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 The battery market, also known as the storage battery market, is big — and it’s only going to get bigger between now and 2015.Batteries represent about $36 billion in revenues today and are expected to grow to more than $50 billion over the next five or so years, with rechargeable batteries leading the way. The growth will take place worldwide, and my corporate proxy for this is Hitachi, which says its battery business will show positive top-line growth over each of the next seven years.These growth projections are impressive, particularly in an uncertain global economy. But, from my perspective, the numbers may well be understated because:
– The hybrid vehicle battery, which accounts for 1.7 percent of the world’s rechargeable market, is expected to grow to 4.2 percent of the market by 2013. This surge is based on conservative assumptions about hybrid car growth. – The ultracapacitor and fuel cell battery growth forecast may |
The Battery World Will Not Die!!!!
Written By:
Andrew
admin @ July 17, 2009