The "Battery Chargers - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The global market for Battery Chargers is projected to reach US$26.5 billion by the year 2025, trailing a CAGR of 7.1% over the analysis period 2018 to 2025.
Batteries are omnipresent in this digital age of mobile computing. Smartphones, tablets, wearable's, self-powered medical devices/implants & all electronic devices depend on batteries for power. Backup power solutions & automobiles i. e. conventional, hybrid and pure electric vehicles need batteries for operation. Automated material handling; forklifts; grid Energy Storage System (ESS) also need batteries. Robust demand for rechargeable batteries bodes well for market growth.
Rechargeable or secondary batteries constitute an important segment of the global batteries industry, and the demand for rechargeable batteries is witnessing rapid growth on the back of increasing sales of products that use these batteries. Unlike primary batteries that are known to add to the global waste stream, rechargeable batteries, with their reusable characteristics are considered a boon. Rechargeable batteries are hence more environmentally friendly and cheaper than conventional batteries. Conversely, although they offer longer cycle lives, these batteries are more toxic in nature.
Rechargeable batteries market is the most active in terms of development of new products and launch of new battery chemistries. The market received a great boost in the 1990s due to a jump in demand for high-drain portable electronic products, such as personal communication devices and laptop computers, which required batteries to be compact, yet powerful.
The overall rechargeable battery market is still undergoing a continuous and accelerated change process in order to respond to customer needs specifically with respect to longer life, reduced energy drainage, miniature batteries, while conforming to increasing pressure to comply with environmental regulations. As an indispensable accessory for all types of electronic devices or equipment, battery chargers are expected to witness steady demand, parallel to the growth in the electronics industry. Over the years, continuous rise in the production and sales of battery-driven electronic products and equipment, and the development of an entirely new class of battery technologies has spurred growth in the global battery chargers market.
Rising energy storage needs of electronic devices/equipment used in major end-use markets including automotive, industrial, information technology, telecommunications, and consumer electronics constitutes a major growth driver for the battery chargers market. Battery chargers are used in a broad range of consumer electronic devices such as smartphones, tablets, laptops, LED flashlights, electric lanterns, and cameras, among others. In particular, mounting sales of consumer electronic devices such as smartphones, tablets, laptops, LED flashlights, electric lanterns, and cameras, specifically in developing markets, are expected to favor market growth.
Rapid advances in rechargeable battery technology in line with manufacturers' relentless focus on infusing new functional characteristics and manufacture them in smaller and lighter formats is having a significant impact on battery chargers market. Some of the evolving battery technologies require more sophisticated charging mechanisms for improving performance and to ensure safety while maintaining parity with the drifts in changing dynamics of automotive, industrial, information technology (IT), telecommunications, and consumer products markets.
In order to address the ever-growing demands, battery chargers market has witnessed a continuous flow of new designs with highly efficient and more accurate charge circuitry, with the ability to charge in lesser time all the while ensuring that the electronic system remains cool and safe. New battery chargers in simple design and faster charging capabilities rendering high-efficiency charging and longer battery run times have created a strong case for the market growth in recent years.
Competitors identified in this market include, among others:
Analytic Systems Ware Ltd.
Associated Equipment Corporation
Energizer Holdings, Inc.
Ferro Magnetics Corporation
Panasonic Corporation of North America
Phihong USA Corporation
Powerbase Industrial (HK) Ltd.
Scud (Fujian) Electronics Co., Ltd.
Shun Shing Standard Corporation Development Ltd.
Spectrum Brands, Inc.
Yuasa Battery, Inc.
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Batteries and Battery Chargers: An Introduction
Categories of Battery Chargers
Battery Charging Phases
Battery Chargers: A Market Perspective
Current Market Scenario and Outlook
Recent Market Activity
Electric Vehicle (EV) Battery Charger: A Fast Growing Application Market
Positive Economic Outlook Keeps Market Sentiment Intact
Global Economic Outlook: Real GDP Growth Rates in % by Country/Region for the Years 2018 through 2021
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Price: A Key Influencing Factor
Opportunities for Battery Chargers Market in Asia
Outsourcing Trend Catches Up Battery Chargers
Charger Repurchase Intervals: A Key Influencing Factor
Growing Demand for Mobile Computing Devices Lends Traction to Market Growth
Charging Solutions for Smartphones
Worldwide Smartphone Sales (in Million Units) by Geographic Region/Country for the Years 2018 & 2022
Smartphone Adoption Worldwide by Region (in %): 2018 & 2025
Popularity of Solar Mobile Phone Chargers Rides On the Strength of the Green Trend
Mobile Device Chargers Market: Characterized by High Competition
Select Emerging Trends in Battery Charging Technology
Best Rechargeable Battery Chargers
Popular Portable Chargers
Select Power Banks
Select Innovative Charging Technologies: Commercialized and Developmental
Product Innovations and Technology Developments Steer the Momentum
Trends in Product Design
Fast Charging: A Glance into Future Developments
A Review of Developments in Battery Designs for Faster Charging
Rising Demand for Rechargeable Lithium Batteries Enthuses Chargers Market
Applications of Lithium-Ion Batteries
World Lithium-Ion Battery Market (2019): Percentage Breakdown of Value Sales by Application
Use of Li-Ion Batteries in Smart Electricity Grid Systems Extends New Opportunities
Electric Vehicles: A Significant Opportunity for Li-ion Batteries Market
Global EV Sales (In Million Units) by Region for the Years 2019, 2025 & 2030
Growing Demand for NiMH Batteries Enthralls Chargers Market
Sustained Demand for Alkaline Batteries: A Challenge for Battery Chargers Market
Fuel Cell Battery Chargers: Yet to Become Practical
Huge Potential for Rechargeable Batteries in EVs Augurs Well for Battery Chargers
Government Promotion to Drive Growth in EV Chargers Market
Innovative Charger Designs Emerge for Motorcycles and Cars
Wireless Chargers: The Latest Buzzword
Wireless Chargers to Gain Significant Adoption
Long-Distance Energy Transfer: Key Focus Area for Technology Developers
A Peek into Wireless Charging Technologies
Wireless Charging Catches Attention of Car Companies
Rising Interest in Fast Chargers for Auto and Smartphone Applications
Future Looks Promising for Green Battery Chargers
Smart Chargers Steadily Gaining Ground
CEC Mandate on Battery Chargers: Reducing Energy Wastage while Charging
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
Total Companies Profiled: 205
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