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Market Research Forecasts Battery Control Technology Market at $124 Billion by 2016(April 30, 2012)
ROCKVILLE, MD -- (Marketwire) -- 04/30/12 -- MarketResearch.com has announced the addition of the new report "Battery Control Technology: Global Markets," to their collection of Energy market reports. For more information, visit http://www.marketresearch.com/BCC-Research-v374/Battery-Control-Technology-Global-6905424/
The global wholesale level market for battery control technology was nearly $86 billion in 2011 and should grow to more than $124 billion (constant 2012 dollars) by 2016 under a consensus scenario, a CAGR of 7%.
Battery chargers currently represent the largest of the three battery control technology market sectors, with 2011 sales of over $48 billion. BCC expects this market to reach $69.6 billion by 2016, a CAGR of 7.6%.
Smart batteries (including both nickel metal hydride and lithium-ion) are the second largest market sector, especially those used in portable products and on-road electric vehicles. Smart batteries represent $32 billion in 2011 and are expected to grow to more than $49 billion by 2016, a CAGR of 8.5%
For more information, visit http://www.marketresearch.com/BCC-Research-v374/Battery-Control-Technology-Global-6905424/
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