Oct 8, 2020   SOURCE: BusinessWire

Global Battery Chargers Market Report 2020: Product Innovations and Technology Developments Steer the Momentum - ResearchAndMarkets.com

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:

  • Accutronics Limited
  • Analytic Systems Ware Ltd.
  • Associated Equipment Corporation
  • Energizer Holdings, Inc.
  • Exide Technologies
  • Ferro Magnetics Corporation
  • FRIWO AG
  • HindlePower, Inc.
  • Panasonic Corporation of North America
  • Phihong USA Corporation
  • Powerbase Industrial (HK) Ltd.
  • Salcomp Plc
  • 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
  • Product Issues
  • Application Sectors
  • 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
  • Regulatory Overview

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 205

For more information about this report visit https://www.researchandmarkets.com/r/q2nh0v