A pressing challenge for many manufacturers in the battery market is to develop chargers that avoid overheating miniaturized batteries. To meet this fast-rising demand, manufacturers are using software to optimize charging. According to new analysis by San Antonio-based Frost & Sullivan, an international marketing consulting and training firm, the U.S. Battery Charger Market rose to $1.66 billion in 2000 and is expected to increase through 2007, with a projected industry revenue reaching $3.10 billion.
“Environmental concerns will help ignite demand for automotive battery chargers,” says Frost & Sullivan Industry Analyst Sara Bradford. “Concern over carbon emissions has resulted in numerous governmental incentives to transform carbon fuel to electric fuel applications, such as electric vehicles.”
For more information, visit www.frost.com.