Article Title: World Battery Demand to reach $109 Billion(USD) in 2014
Publication: Canadian Industrial Equipment News, 1/10/2011
Freedonia Study: World Batteries to 2014 (2703)
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Global primary and secondary battery demand is forecast to climb 4.8 percent per year to $109 billion(USD) in 2014. China will remain the world's largest national battery market by far, as the country's position as a global leader in portable electronics production supports an $11.5 billion(USD) increase in battery demand from 2009 to 2014. India will register the strongest sales growth of any national market, supported by healthy increases in manufacturing activity, personal consumption expenditures and motor vehicles in use.
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