BCC Research
Market Research Reports and Technical PublicationsArchive for November, 2008
High Growth Forecasted For Large And Advanced Battery Technology And Markets
by Staff Writers
New York NY (SPX) Nov 17, 2008
Until about 20 years ago, the U.S. battery market was considered mature, with demand closely related to sales of either automobiles or various consumer products. Since then, advanced batteries have helped spark a dramatic change in this relationship.
“Large and advanced battery” is an arbitrary designation developed by BCC Research to describe a market-driven battery classification. As defined in this report, large and advanced batteries must have three attributes-they must be secondary (rechargeable) electrochemical energy storage devices (batteries), “large” in terms of size and energy capacity, and technologically advanced.
This definition excludes all primary (nonrechargeable) batteries and all lead-acid automotive batteries, as well as all A, C, and D cylindrical batteries and button cells. Nonautomotive lead-acid batteries are included. Many portable product batteries, including computer power, portable tools, and battery-powered lawn care products are included.
Several entirely new classes of advanced batteries have been commercialized during the last 20 years, including nickel-metal hydride, secondary lithium, and zinc-air designs.
Meanwhile, improved microelectronic battery charger controller technology is allowing the commercialization of entire new classes of batteries (notably rechargeable alkaline and lithium-ion) often at the expense of previously important battery systems (notably nickel-cadmium and portable product lead-acid).
This, in turn, has allowed the commercialization of portable products that would have been impossible without improved battery chargers, including portable computers and portable cordless hand tools.
As this synergy continues to develop, there are areas where the advanced battery industry could experience the explosive growth usually associated with emerging industries.
Battery designers (mainly electrochemists) and battery charger designers (mainly electrical and electronics specialists) will continue to operate together, with new batteries and new battery chargers evolving together to produce even higher performance products.¹
Digital Photography Market Worth $230.9 Billion in 2013
The global market for digital photography technology will be worth $230.9 billion in 2013. According to a report by BCC Research, it was worth $136.7 billion in 2007 and an estimated $155.0 billion in 2008. Digital photography products are the larger market segment, generating $91.0 billion in 2007. The markets are substantially larger than they were in the past because a much greater number of people are more passionately involved with digital photography than with silver halide photography.
Wellesley, Mass—According to a new technical market research report, THE DIGITAL PHOTOGRAPHY MARKET (IFT030B) from BCC Research, the global market for digital photography technology was worth $136.7 billion in 2007 and an estimated $155.0 billion in 2008. This market will increase to over $230.9 billion in 2013, a compound annual growth rate (CAGR) of 8.3%.
The market is broken down into digital photography products and digital photography applications. Digital photography products are the larger market segment, generating $91.0 billion in 2007. This segment is expected to increase to $101.3 billion in 2008 and $130.6 billion in 2013, for a CAGR of 5.2%. Digital photography products include digital still cameras, interchangeable lenses, photo processing equipment, photo printers, image sensors, camera cell phones and storage products.
Digital photography applications have the second largest share of the market, worth $45.7 billion in 2007 and an estimated $53.7 billion in 2008. This should reach $100.4 billion in 2013, for a CAGR of 13.3%. Applications include professional photography, traditional stock photography, microstock photography, photography software, photo processing, photo books, surveillance and security, automotive, machine vision and medical visualization.
Before the advent of the digital camera, photography related markets would have included the cameras, interchangeable lenses, film, film processing equipment, photo printers, scanners, and some storage products. However, the introduction of the digital camera changed all of these markets in some way. Overall, the markets are substantially larger than they were in the past because a much greater number of people are more passionately involved with digital photography than ever were with silver halide photography.
Additionally, digital cameras have made possible new applications in areas such as online photo sharing, customized digital photo products, microstock photography and camera cell phones.¹
Source: BCC Research, Camera and Imaging Products Association (CIPA)
¹Photography Blog UK
U.S. Market for Alternative Chemical Products Worth $ 94.8 Billion by 2013
According to a new technical market research report, “Alternative Chemical Products and Processes”, from BCC Research, the U.S. market for alternative chemical products is expected to be worth $ 46.6 billion in 2008. This will increase to $ 94.8 billion in 2013, a compound annual growth rate (CAGR) of 15.3%. The market is broken down by end-use alternative chemical products and includes plastics, packaging, cleaning and detergent products, miscellaneous specialty chemicals and other chemical products. Miscellaneous specialty chemicals have the largest share of the U.S. market and are expected to be worth $ 17.3 billion in 2008 and $ 35.5 billion in 2013, for a CAGR of 15.5%.¹
¹Process Worldwide-04-2008
Meet the Expert: Older Adult Solutions
The fitness industry’s core membership, 18- to 49-year-olds, will experience virtually no population growth between 2006 and 2016, according to U.S. Census data analysis by the SIR Boomer Project. The impact from this is already being felt, as, for the first time in more than a decade, fitness membership numbers are on the decline. Compounding this decline is the fact that fitness centers keep spending obscene amounts of money to persuade the already-converted to join, while the industry has a yearly attrition rate of 27 percent (according to the International Health, Racquet and Sportsclub Association, Boston, Mass.). That is one full fitness center’s worth of members who leave every 3.7 years. In addition, according to data released by the Centers for Disease Control and Prevention in June 2008, the level of leisure time physical activity rates of adults 18 and older dipped from 31.8 percent in 1997 to 30.8 percent in 2007.¹
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BCC Research, Wellesley, Mass., projects that, by 2009, consumers will spend more than $72 billion on products and services to help slow the aging process. This is what happens when the largest, richest and fastest-growing segments of the population demand products and services designed and marketed specifically for them.
As upward of 78 million boomers make their way into retirement with more than $2 trillion in buying power, they will be demanding more from your business — especially given the fact that only 27 percent of fitness centers offer programs for older adults, according to a 2005 multi-site survey by Dr. Susan Hughes.¹
¹Colin Milner; Fitness Management Magazine
