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Thermal Battery Market Delivers High Reliability and High Power Density - New analysis from Frost & Sullivan, World Thermal Battery Market, reveals that revenues in this market totaled $88.3 M in 2006, and expect to increase at a stable level due to the importance of this battery system usage in military applications
Thermal Battery Market Delivers High Reliability and High Power Density

 

NewswireToday - /newswire/ - Palo Alto, CA, United States, 2007/08/14 - New analysis from Frost & Sullivan, World Thermal Battery Market, reveals that revenues in this market totaled $88.3 M in 2006, and expect to increase at a stable level due to the importance of this battery system usage in military applications.

   
 
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Known for their high levels of reliability and long shelf lives, thermal batteries are used in applications that provide an immediate or sudden demand for electric power. Low maintenance, robust design, and the ability to perform well even in volatile environments makes them ideal for applications such as military, requiring superior reliability and performance in harsh environments. However, being a niche market, manufacturers face stiff competition, high production costs, and possible supply threats as demand cycles are uneven.

New analysis from Frost & Sullivan (batteries.frost.com), World Thermal Battery Market, reveals that revenues in this market totaled $88.3 million in 2006, and expect to increase at a stable level due to the importance of this battery system usage in military applications.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the latest analysis of the World Thermal Battery Market, then send an email to Johanna Haynes, Corporate Communications, at johanna.haynes[.]frost.com with the following information: your full name, company name, title, telephone number, email address, city, state, and country. We will send you the information via email upon receipt of the above information.

“Thermal batteries offer a power source that is extremely reliable. The technology can operate at a wide range of temperatures, in addition to operating successfully after long storage periods,” notes Frost & Sullivan Director Sara Bradford. “This is the primary reason key military defense equipment such as missiles and torpedoes rely on thermal batteries, as they require an extremely reliable power source that can be stored or used at any point in time.”

Munitions are growing smaller and smarter, demanding more power. Certain smart artillery projectiles are also experiencing issues with their current battery choices, in turn spurring demand for the ever-reliable thermal battery. Additionally, fuzes cannot be delivered without batteries, making it imperative to have a decent supply to satisfy the demand. Thermal batteries can greatly enhance antisubmarine warfare (ASW) sonobuoy performance.

As defense spending is cyclical, demand and market growth is largely dependent on replacement levels in traditional applications and exploration of new applications for this technology. Hence, commercial civil applications are limited due to the expensive nature of this battery and its limited supplier base.

“As the market is dominated by two major participants, competition remains a major challenge in the thermal batteries market, constraining profit margins,” says Bradford. “Furthermore, complex technology, constantly evolving military equipment and intrinsic technological issues are all barricading the entry of new companies.”

To overcome these challenges, market participants should increase research and development, strengthen prime contractor relationships, form strategic partnerships and diversify market segmentation. Given the current competitive nature of the thermal battery market, manufacturers must also remain technologically competitive to differentiate themselves from the competition, in addition to employing lean production manufacturing operations.

World Thermal Battery Market is part of the Battery Growth Partnership Service program, which also includes research in the following: consumer micro fuel cells market, world alkaline battery market, world consumer secondary lithium battery market, world ultracapacitor market, world zinc-air battery market, world industrial secondary battery market, lead acid battery markets and others. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.

About Frost & Sullivan

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective, and combines ongoing analysis of markets, technologies, econometrics, and demographics.

 
 
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Thermal Battery Market Delivers High Reliability and High Power Density

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Frost & Sullivan |
Publisher Contact: Johanna Haynes 
210.247.3870 johanna.haynes[.]frost.com
 
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