Worldwide battery market expected to be worth $100bn by 2025
By 2025 the worldwide battery market is expected to reach a value of $100bn. This fast growing market can be difficult to get your head around, so to help Original Equipment Manufacturers (OEMs) better understand, professional battery manufacturer Accutronics has released a whitepaper explaining the features of the worldwide, UK, French and German battery market. The whitepaper looks at the growth, composition and future of the worldwide battery market as well as specific features in the UK, France and Germany.
For example, research and development is strong in the UK, France focuses on batteries for automotive and renewable energy applications and Germany has a particular strength in batteries for medical applications.
Following recent controversies surrounding batteries used in consumer devices, Accutronics has released this whitepaper to help OEMs that rely on good battery design in industries including medical, electronic, energy and automotive. The whitepaper outlines some of the potential opportunities for the sectors in each country but also looks at the considerations that OEMs should make when incorporating a battery into their portable device to avoid any problems with the power source.
“In the whitepaper we look at what device manufacturers, no matter the application or the country, need to consider when choosing a power source,” explained Michele Windsor, Global Marketing Manager for Accutronics and Ultralife. “In many industries, the power source is integrated too late into the design process. In the medtech sector, where wearable devices are becoming more popular, especially in the UK, this is particularly important, as the size and weight of a device is vital.
“As the whitepaper highlights, in many industries, the security of the device is also crucial. With the rise in counterfeiting globally and the risk posed by the battery black market, OEMs should look for batteries with algorithmic security, to ensure that if a counterfeit battery is used, the device shuts down, minimising risk to the user. By reading this whitepaper, OEMs can gain a better understanding of what to look for when choosing a battery.”