Global advanced batteries market: $9.5 billion industry by 2017

Press Release   •   Feb 22, 2013 17:01 GMT

The global advanced batteries market is suggested to have reached a value of around $7.3 billion in 2012. The value of this market is expected to grow and hit a total of $9.5 billion by 2017. The fastest sector within the global advanced batteries market is portable computer, tablet and smartphone batteries.

The overall stationary applications market was expected to reach nearly $2.8 billion in 2012. The largest increase will be for uninterruptible power supply (UPS) and smaller remote stationary applications in view of protecting telecommunications facilities and preventing data lost during power outages. For instance, the global UPS large-and-advanced battery market is expected to grow from $2.3 billion in 2012 to about $2.8 billion by 2017.

Lead-containing batteries include most industrial and large portable product lead-acid batteries, but not the giant automotive starting, lighting, and ignition market. Chinese scooter motive power dominates the advanced lead-acid battery market. Nickel-containing batteries include the environmentally problematic nickel-cadmium battery as well as the widely used nickel metal hydride battery. Lithium-containing batteries include the very widely used lithium-ion as well as the lithium-polymer battery. Others battery groups include metal-air batteries, specialty batteries like nickel-hydrogen and silver-based batteries, and developmental batteries like nickel-zinc, sodium-sulfur, etc.

For more information on the global advanced batteries market, pleas click here: Global Advanced Batteries Market

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