Cleveland, OH, USA — (METERING.COM) — September 11, 2006 – A study by The Freedonia Group, Inc., an industry market research firm, predicts that worldwide primary and secondary battery demand will rise at close to 7 per cent per year until 2010.
The largest gains are likely to occur in China, stimulated by healthy economic growth, ongoing industrialization and rising per capita income. By 2010 China will have surpassed the U.S. to become the largest battery market in the world. For the same reasons growth is also likely to be strong in India, Indonesia, South Korea, Poland, South Africa, Brazil and Russia.
The rate of growth is likely to be less in developed countries, although thanks to favorable economic conditions and higher income levels some acceleration is also expected in the U.S., Western Europe and Japan.