The global battery market is about $50 billion US, of which roughly $5.5 billion is allocated to rechargeable (secondary) batteries. The growth is estimated at 6% annually through 2006. China, India, Brazil, the Czech Republic and South Korea will record some of the strongest market gains.
The Freedonia Group, Inc. predicts a US demand of primary and secondary batteries of $US 14 billion by the year 2007. A new generation of energy-hungry electronic devices, such as digital cameras, camera phones and high performance portable computing devices, will drive the growth. Figure 1 projects the consumption of primary and secondary batteries in the USA to the year 2012.