The Battery Market Will Charge Ahead

Submitted by orville on July 3, 2009
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Driven innovations and demand for cleaner energy, the battery business is expected to grow from $36 billion to more than $50 billion by 2015

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.

For further information: BusinessWeek