Battery & Fuel Cell Components

Transcription

1 Battery & Fuel Cell Components US Industry Study with Forecasts to 2007 & 2012 STUDY #1690 August 2003 $3800 The Freedonia Group The First Choice In Industry Research 767 Beta Drive Cleveland, OH USA Tel: (US) or Fax:

2 Battery & Fuel Cell Components US Industry Study with Forecasts to 2007 & 2012 Study #1690 August 2003 $ Pages Gains will reflect both increased use of "smart" battery technology and double-digit growth in lithium battery output, boosting demand for safety devices used to provide overcurrent protection US demand to grow nearly 7% annually through 2007 US demand for battery and fuel cell components (discrete fabricated devices that are incorporated into the final product) is projected to rise 6.8 percent annually through 2007 to $4.8 billion. Market advances will be fueled by an acceleration in battery output, spurred by strong demand for energy-hungry portable devices like digital cameras and wireless phones. A shift in production toward advanced, higher-end batteries that offer improved performance will also support associated component market gains. In addition, fuel cell production will climb over eightfold, resulting in double-digit increases in demand for electrode assemblies, fuel reformers and processors, plates and other components. Battery electrodes are to dominate demand Demand for electrical and electronic devices will outpace demand for most other battery and fuel cell component types through Gains will reflect both increased use of "smart" battery technology and double-digit growth in lithium battery output, boosting demand for safety devices used to provide overcurrent protection. A robust fuel cell market environment will also stimulate demand for on-board power conditioning devices, among other components. However, battery electrodes will continue to dominate overall components demand, accounting for 46 percent of the market in Consumption of battery containers and coverings (cans, cases, jackets, etc.) will remain substantial as well, representing nearly one-fifth of all components demand. US Battery & Fuel Cell Components Demand by Application, 2007 ($4.8 billion) Fuel Cells 10% Secondary Batteries 61% Primary Batteries 29% Secondary batteries to remain largest market Secondary batteries represent the largest battery and fuel cell components market by far, and will account for more than three-fifths of all demand in This is predominantly due to greater per-unit demand (on a dollar basis) for components used in the manufacture of lead-acid batteries, compared to most other battery types. Lead-acid battery parts demand will accelerate as production levels rise, although much faster gains will be recorded for components used in rechargeable lithium and other secondary battery types, including nickel-metal hydride batteries, which are widely used in a number of consumer, business and government settings. Nickelmetal hydride batteries also appear to have moved into the lead as the chemistry of choice for hybrid/electric vehicles. Consumption of primary battery components will climb at a more measured pace through 2007, with alkaline batteries accounting for over 60 percent of the total. However, lithium will represent the fastest growing segment of the primary batteries components market. Further refinements in primary lithium cell design will result in improved energy density and longevity, and fuel demand for high-performance components. Visit for complete text and table of contents

3 Table of Contents Letter From the CEO INTRODUCTION EXECUTIVE SUMMARY MARKET ENVIRONMENT General... 4 Economic Environment... 5 Durable Goods Manufacturing Overview... 8 Battery Industry Overview... 9 Primary Batteries Secondary Batteries Fuel Cell Industry Overview Technology Trends Batteries Basic Technology Recent Developments Fuel Cells Basic Technology Fuel Cell Chemistries Legal & Regulatory Environment. 28 BATTERY & FUEL CELL COMPONENTS OVERVIEW General Demand by Type Demand by Application BATTERY COMPONENTS DEMAND General Demand by Type Electrodes Lead-Based Other Containers & Coverings Metal Cans & Cases Polypropylene Cases Other Cases & Coverings Assembly Components Gaskets & Seals Fasteners Other Separators Polymer Other Electrical & Electronic Devices.. 52 Wire & Cable Connectors, Contacts & Terminals Integrated Circuits Other Demand by Application Primary Batteries Dear Colleague: In challenging economic times, it is more important than ever to have credible industry information on which to base your business decisions. At Freedonia, it is our mission to provide you with an unbiased, reliable outlook for each industry that we study. We carefully examine available sources, separate the wheat from the chaff, and distill an ocean of data into a concise presentation of where an industry stands today... and where it is going. At Freedonia, it is our mission to provide you with an unbiased, reliable outlook for each industry... Each Freedonia industry study provides you with the information and analysis you need to make important decisions. How large is your target market? Which product segments are growing fastest? Which markets are growing fastest? Our analysts review the relevant secondary sources and talk directly to participants in the industry to find the answers. Batteries and fuel cells will fare well in the coming years in order to satisfy our ever increasing need to power more gadgets. And what's good for batteries and fuel cells is also good for battery and fuel cell components. Our Battery & Fuel Cell Components study represents the culmination of several hundred hours of Freedonia analysts' time. For the first time, Freedonia takes a look at the opportunities for players in this electrifying industry. I invite you to add the Freedonia Group to your team by acquiring our Battery & Fuel Cell Components study today. Very truly yours, Jeffrey Weiss, CEO

4 Table of Contents (cont.) Alkaline Primary Lithium Zinc Types Other Primary Batteries Secondary Batteries Lead-Acid Rechargeable Lithium Nickel-Cadmium Other Secondary Batteries. 77 FUEL CELL COMPONENTS DEMAND General Demand by Type Electrode Assemblies Membrane Electrode Other Plates Bipolar End & Other Fuel Reformers & Processors.. 89 Assembly Components Gaskets & Seals Tie-Rods & Other Fasteners.. 92 Other Electrical & Electronic Devices.. 93 Electrical Components Power Conditioning Devices. 95 Other Electronic Components Other Fuel Storage Devices Other Demand by Application Proton-Exchange Membrane Phosphoric Acid Alkaline Other Solid-Oxide Molten Carbonate Derivatives & Hybrids INDUSTRY STRUCTURE General Market Share Manufacturing Battery Components Fuel Cell Components Captive & Contract Production Research & Product Development Marketing & Distribution Acquisitions & Divestitures Company Profiles Battery Components Demand by Type (million dollars) Containers/Coverings 20% Electrodes 51% Johnson Controls Incorporated 5757 North Green Bay Avenue Milwaukee, WI Separators 9% Assembly Components 12% Sales: $20.1 billion (FY 2002) North American Sales: $12.2 billion (FY 2002) Employment: 111,000 (FY 2002) Electrical/Electronic 7% COMPANY PROFILES Key Products: plastic battery containers, tops, vent caps, lead plates and a modular battery system Johnson Controls is a leading manufacturer of automotive systems, and facility management and controls. The Company operates in two business segments: Automotive Systems and Controls. Johnson Controls was the second largest supplier of battery and fuel cell components to the US market in 2002 through its captive production operations, with 7.3 percent of the total. The Company participates in the battery and fuel cell components market through the Automotive Systems segment, which accounted for $15 billion of FY 2002 sales. The segment designs and manufactures products for passenger cars, vans and light trucks. Products include lead-acid batteries and corresponding plastic containers for the replacement and original equipment manufacturer (OEM) markets, and

5 Freedonia Study #1690- BATTERY & FUEL CELL COMPONENTS Primary Lithium Battery Components Demand (million dollars) Item Primary Lithium Battery Shipme $ components/000$ shpts Primary Lithium Battery Compo Electrodes 7 The 20 Battery 36Components Containers & Coverings 10 Demand 25 Section 42 analyzes Assembly Components 7 trends 19 and 32 considers 53the 81 Separators threats and opportunities 55 Electrical & Electronic Devices for battery components 24 BATTERY & FUEL CELL COMPONENTS OVERVIEW % lithium Demand by Type Primary Battery Components De Demand for battery and fuel cell components is projected to rise 6.8 percent per year through 2007 to $4.8 billion, a considerable improvement from the average pace of gain during the last ten years, as US battery output accelerates along with product demand. SAMPLE In addition, PAGE fuel cell production will climb over eightfold, Text sections resulting support in double-digit each increases in demand for electrode assemblies, fuel reformers and table s numbers & projections processors, plates and other items included in the other fuel cell components product category. BATTERY COMPONENTS Overall component market advances will also be spurred by strong growth in battery and fuel cell electrical and electronic device demand through These gains will be due in part to the increased use of smart battery technology. Although the level of intelligence built into a battery can vary, smart batteries are typically defined as units that have an embedded integrated circuit enabling communication and interaction between the battery, the host device and the charger, providing such functions as fuel (or stateof-charge) gauging. Initially used in lithium ion Fuel battery Cell Electrical & Electronic Devices Demand packs to prevent overheating and regulate charging, (million dollars) smart battery technology is increasingly being used with other rechargeable battery types (such as nickel-metal Itemhydride or Ni-MH), as well as in some high-end (principally defenserelated) primary battery markets. Electrical and Fuel electronic Cell Shipments component suppliers will benefit as well from strong $ elect/000$ growth shpts Fuel Cell Electrical/Electronic Dev FUEL CELL COMPONENTS This Section provides demand for historical years and forecasts growth to 2007 and 2012 Electrical Components neg Power Conditioning Devices neg neg neg 5 20 Other Electronic Components % electrical/electronic Fuel Cell Components Demand

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