Frost & Sullivan: Advances in Military Equipment Boost Demand for High Energy Density Batteries

Frost & Sullivan: Advances in MilitaryFrost & Sullivan: Advances in Military Equipment Boost Demand for High Energy Density Batteries PR Newswire LONDON, Nov. 13, 2013 -- Emerging economies in Asia-Pacific and the Middle East will offer the highest growth potential The global military battery market is poised for steady growth as the need to strengthen armed forces with advanced military equipment is becoming increasingly important. The upgrade and replacement of mission-critical military technology require high levels of battery performance and accuracy. While the United States is the largest contributor to market revenues, emerging economies in Asia-Pacific and the Middle East will offer the highest growth potential for battery manufacturers. New analysis from Frost & Sullivan (http://www.powersupplies.frost.com), Global Military Battery Market, finds that the market earned revenues of more than $1.99 billion in 2012 and estimates this to reach $2.61 billion in 2017. The research covers lithium, lithium-ion, nickel and lead-acid batteries. Lead acid batteries are the most widely-used chemistry in military equipment followed by lithium-ion and primary lithium. "The growing use of sophisticated military equipment in various countries has fuelled the demand for lightweight, high energy density batteries," said Frost & Sullivan Energy & Environmental Industry Manager Suba Arunkumar.