Penetration of battery technologies in developing countries, together with the spiraling popularity of consumer electronic devices, mobile communication equipment, medical applications and personal computers/laptops are expected to help lithium-based batteries scale new heights. In view of increasing popularity of portable telecom products, and digital devices, the global lithium batteries market is likely to grow at over 7.10% annually in terms of value sales and 8.03% in terms of units sales, as stated in a recent report published by Global Industry Analysts, Inc. North America and Europe between them collar over 62% of the worldwide lithium batteries value sales and over 64% in term of volume sales. However, fastest growth is likely to emanate from the Japanese lithium batteries market, reflecting over 8% in terms of both volume and value sales. Lithium ion polymer batteries market represents the fastest growing segment, in terms of both value and volume.
Lithium manganese dioxide batteries market in Europe is expected to reach 1.19 billion units, worth US$308 million by 2012.
Smelling the big bucks, several manufactures are expected to enter the lithium batteries market leading to the availability of a wide range of products. A major product war will be unleashed as players brace themselves for the tough challenge of product differentiation. It's a perspiring future for market participants as competition heats up, burning up profit margins and beneficially driving down prices from their presently high pedestal.
Major players in the marketplace include Duracell, Ultralife, Valence, Hitachi Maxell, Toshiba, Spectrum Brands, SAFT, PolyPlus Battery Company, Greatbatch Inc, FDK Corporation, EEMB, Renata SA, Lithium Technology Corporation, and Yardney Technical Products.
"Lithium Batteries: A Global Strategic Business Report", published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, product profile, recent developments, mergers, acquisitions, profiles of major players and other strategic industry activities. Analysis is presented for major geographic markets such as US, Canada, Japan, France, Germany, Italy, the UK, Spain, Russia, Asia-Pacific, Latin America, and Rest of World. Analytics for the period 2000 through 2015 are provided for the product segments LiSo2, LiSoC12, LiMno2, LiCFx, Li-Ion and Li-Ion Polymer Batteries.
For more details about this research report, please visit http://www.strategyr.com/Lithium_Batteries_Market_Report.asp