World Batteries

World Batteries
  • Report price : $ 6 100
  • Publication date : October 2008

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World Batteries

Global demand to exceed $84 billion in 2012
Worldwide demand for primary and secondary batteries is forecast to grow 3.7 percent annually to $84.3 billion in 2012. Increases will be supported by solid growth in the world economy and industrial production. In addition, rising consumer incomes will support demand for both better performing batteries and battery-using consumer devices. Preventing even faster growth will be declining prices for many types of batteries as raw material prices fall from their high levels in 2007.

China will record the largest gains of any national market, stimulated by healthy economic growth, ongoing industrialization efforts and rising per capita income. Annual demand in the country will climb by more than $6 billion from 2007 to 2012, and China will surpass the US to become the largest battery market in the world. Sales increases are also expected to be strong in Argentina, Indonesia, Iran, India, Poland and South Korea for similar reasons.

The more mature battery markets in the US, Western Europe and Japan will all exhibit modest increases, but these markets will continue to remain critical to battery producers, accounting for more than 40 percent of total demand through 2012. Market gains in these areas will be fueled by largely favorable economic conditions and higher income levels. Renewed growth in motor vehicle production following a period of decline will also contribute to battery sales growth in the US and Western Europe.

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