Rechargeable Batteries Market to Reach $5.7 Billion by 2010, According to New Report by Global Industry Analysts, Inc.

Innovation is the buzzword in the world of rechargeable batteries and charging systems. Booming demand for digital cameras and other digital consumer electronics bodes favorable prospects for future growth. Spurred by the increasing trend towards use of rechargeable batteries instead of conventional batteries, the market is expected to reach US$5.7 billion by 2010.

San Jose, California (PRWEB) July 18, 2007 -- Growing demand for devices such as notebook computers and mobile phones will play a critical role in fueling demand for reliable energy sources such as rechargeable batteries. Over 60% of rechargeable batteries manufactured worldwide are used in cell phones. The market is passing through a phase of accelerated change responding to customer requirements such as longer life, reduced energy drainage, miniature batteries and increasing environmental concerns. Latest advancements in the battery industry, including the development of aluminum-air batteries and fuel cells, is likely to heat up competition for existing chemistries such as Li-Ion and Li-Ion polymer battery.

Asia Pacific (excluding Japan) is the largest market for rechargeable batteries worldwide, worth an estimated US$2.4 billion in 2007. Europe is the second largest market followed by United States at third position. Asia, Europe and the US collectively account for about 85 percent of the global rechargeable batteries market. The global and regional markets are expected to grow at CAGRs ranging between 3% and 7%. Lithium ion batteries represent the largest segment with sales estimated at US$3.8 billion in 2007. Nickel-Metal Hydride batteries is the second largest segment with the market expected to reach US$416 million by 2010.

Rechargeable Batteries: A Global Strategic Business Report

"Rechargeable Batteries: A Global Strategic Business Report" provides a comprehensive review of market trends, drivers, product profile, players, competition, technological developments, recent developments, mergers, acquisitions, and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Japan, France, Germany, the UK, Italy, Spain, Asia, Latin America and rest of world countries. Analytics are provided in terms of product segments including Nickel-Cadmium batteries, Nickel Metal Hydride batteries, Lithium Ion batteries and Lithium Ion Polymer batteries.

For more details about this research report, please visit www.strategyr.com/MCP-1074.asp.

About Global Industry Analysts, Inc.:
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site www.StrategyR.com

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rechargeable batteries market lithium ion batteries nickel-metal hydride batteries

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