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Battery Chargers - Global Market Trajectory & Analytics

  • ID: 344098
  • Report
  • May 2021
  • Region: Global
  • 574 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Accutronics Limited
  • Charging Technologies Inc
  • Exide Technologies
  • HindlePower, Inc.
  • Kolvin Industries Ltd.
  • Saft S.A.

Global Battery Chargers Market to Reach $32 Billion by 2026


A battery charger is a device used to induce energy into a cell or battery by forcing an electric current through the cell or battery. Battery chargers or electric voltage converters transform alternating current into direct current. Battery chargers consume high voltage AC power and convert them into low voltage DC power to charge all rechargeable batteries. The power in battery chargers is adjusted higher or lower than the battery power. Amid the COVID-19 crisis, the global market for Battery Chargers estimated at US$21 Billion in the year 2020, is projected to reach a revised size of US$32 Billion by 2026, growing at a CAGR of 7.1% over the analysis period. OEM, one of the segments analyzed in the report, is projected to grow at a 7.5% CAGR to reach US$22.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Replacement segment is readjusted to a revised 6.3% CAGR for the next 7-year period. This segment currently accounts for a 35.5% share of the global Battery Chargers market.

The U.S. Market is Estimated at $6.1 Billion in 2021, While China is Forecast to Reach $6.8 Billion by 2026


The Battery Chargers market in the U.S. is estimated at US$6.1 Billion in the year 2021. The country currently accounts for a 27.04% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$6.8 Billion in the year 2026 trailing a CAGR of 10.8% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 6.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR while Rest of European market (as defined in the study) will reach US$7.5 Billion by the close of the analysis period.

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. 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.

Select Competitors (Total 211 Featured) -

  • Accutronics Limited
  • Analytic Systems Ware Ltd.
  • Anoma Corporation
  • Associated Equipment Corporation
  • Energizer Holdings, Inc.
  • Exide Technologies
  • Charging Technologies Inc
  • FRIWO AG
  • HindlePower, Inc.
  • Hop Wo Enterprise Limited
  • Jeckson Electric Co., Ltd.
  • Kolvin Industries Ltd.
  • Kussmaul Electronic Co., Inc.
  • Lester Electrical of Nebraska, Inc.
  • Minwa Electronics Co., Ltd.
  • Motor Appliance Corporation
  • Panasonic Corporation of North America
  • Phihong USA Corporation
  • Powerbase Industrial (HK) Ltd.
  • Saft S.A.
  • Salcomp Plc
  • Schumacher Electric Corporation
  • Scud (Fujian) Electronics Co., Ltd.
  • Shun Shing Standard Corporation Development Ltd.
  • Uniross Batteries S.A.S
  • Yuasa Battery, Inc.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Accutronics Limited
  • Charging Technologies Inc
  • Exide Technologies
  • HindlePower, Inc.
  • Kolvin Industries Ltd.
  • Saft S.A.
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • 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
  • Exhibit 1: 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
  • Exhibit 2: Worldwide Smartphone Sales (in Million Units) by Geographic Region/Country for the Years 2018 & 2022
  • Exhibit 3: 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
  • Exhibit 4: 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
  • Exhibit 5: 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

UNITED STATES

CANADA

JAPAN

CHINA

EUROPE

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 211
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Accutronics Limited
  • Analytic Systems Ware Ltd.
  • Anoma Corporation
  • Associated Equipment Corporation
  • Energizer Holdings, Inc.
  • Exide Technologies
  • Charging Technologies Inc
  • FRIWO AG
  • HindlePower, Inc.
  • Hop Wo Enterprise Limited
  • Jeckson Electric Co., Ltd.
  • Kolvin Industries Ltd.
  • Kussmaul Electronic Co., Inc.
  • Lester Electrical of Nebraska, Inc.
  • Minwa Electronics Co., Ltd.
  • Motor Appliance Corporation
  • Panasonic Corporation of North America
  • Phihong USA Corporation
  • Powerbase Industrial (HK) Ltd.
  • Saft S.A.
  • Salcomp Plc
  • Schumacher Electric Corporation
  • Scud (Fujian) Electronics Co., Ltd.
  • Shun Shing Standard Corporation Development Ltd.
  • Uniross Batteries S.A.S
  • Yuasa Battery, Inc.
Note: Product cover images may vary from those shown
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