Abstract
Global demand to grow 7% annually through 2010
Worldwide primary and secondary battery demand is projected to rise at a seven
percent annual rate through 2010 to $74 billion. China will record the largest
gains of any national market, stimulated by healthy economic growth, ongoing
industrialization efforts and rising per capita income. Annual product demand
in the country will climb by more than $7 billion from 2005 to 2010, and China
will surpass the US to become the largest battery market in the world. Sales
increases are also expected to be strong in India, Indonesia, South Korea,
Poland, South Africa and Brazil for similar reasons.
Although the rate of growth will be less robust than in developing areas,
battery demand in the US, Western Europe and Japan will accelerate through
2010. Market gains will be fueled by largely favorable economic conditions and
higher income levels, leading to increased use of a wide variety of
battery-powered products. Renewed strength in motor vehicle production
following a period of decline will also contribute to battery sales gains in
the US and Western Europe.
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