Taiwan-based battery maker AcBel expects its revenues to see a double-digit percentage growth in 2011, benefiting from cloud computing driving demand for server power supplies, according to the company.
Market watchers pointed out that AcBel has been cooperating with IBM for many years, while Dell, Hewlett-Packard (HP) and Foxconn Electronics (Hon Hai Precision Industry) are all clients of AcBel in the industrial-use battery business.
In addition to industrial-use batteries, AcBel expects consumer-use power devices and fuel cells to become sales drivers for 2011, while smart grid and LED streetlight businesses have the most growth potential in the future.
Although the company will see strong growth in revenues, due to Taiwan's exchange rate, the company's gross margin is expected to drop from 14-15% in 2010 to 13-14% in 2011
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