Facts You Should Know About the $50 Billion Global Battery Market - Video - TheStreet

Facts You Should Know About the Growing Global Battery Market

Batteries and the objects they power have come a long way since Alessandro Volta created the first battery more than 200 years ago.
Author:
Publish date:

Batteries and the objects they power have come a long way since Alessandro Volta created the first battery more than 200 years ago. The global battery market is forecast to rise 7.7 percent a year to $120 billion in 2019. The most popular type is the lead acid used in things like cars, motorcycles, boats, and back-up power devices. Other battery types include alkaline, NiMH (nickel-metal hydride), Li-ion (lithium-ion), and LiPo (lithium-polymer). In 1884, Thomas Parker engineered the first battery-powered electric car; its descendant Tesla Model S is now the fastest electric car, boasting an acceleration rate of 0 to 60 mph in 4.2 seconds.