Large and Advanced Battery Market Could Be Worth $11.4 Billion by 2012
Mar 1, 2008 12:00 PM
According to the recent report “Large & Advanced Battery Technology & Markets” from Wellesley, Mass.-based BCC Research, the global market for large and advanced batteries was worth $8.9 billion in 2007 and is expected to increase to more than 11.4 billion by 2012 — a compound average annual growth rate (CAGR) of 5.1%.
Global value of large and advanced battery market through 2012, by application ($millions).
The market is broken down into motive, advanced portable, advanced stationary, hybrid electric vehicle (HEV) and plug-in, and developmental applications. Of these, advanced portable has the largest share of the market. Valued at $3.4 billion in 2007, this segment is forecast to reach $4.2 billion by 2012, a CAGR of 4.1% (Table).
Worth an estimated $3 billion in 2007, advanced stationary — the second-largest segment — will reach $3.7 billion by 2012. The biggest increase in this segment will be for UPS and smaller remote stationary applications to protect data during power outages.
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