Battery Charger Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023
The global battery charger market reached a value of around US$ 17.2 Billion in 2017. The market is further projected to reach a value of US$ 27.6 Billion by 2023, exhibiting a CAGR of around 8% during 2018-2023. A battery charger is a device which is used for transferring energy into a rechargeable battery by passing an electric current through it. Some battery chargers need to be manually disconnected by the constant voltage source whereas others may use a timer for cutting off the power at fixed intervals. Currently, the expansion of the electronics industry is the primary factor catalysing the demand for battery chargers. An increasing demand for electrical vehicles (EVs) and connected devices acts as another major force stimulating the growth of the battery charger market.
Over the years, several trends have been observed in the market like miniaturisation which have made these chargers powerful and faster, yet increasingly compact in size. In addition, various developments have been made so that battery chargers can cater to different functions without the need for separate cables. Growing focus and awareness regarding the importance of charging management is further encouraging the manufacturers to develop safe and rapid charging technologies. Apart from this, in order to expand their consumer-base, manufacturers have introduced wireless, smart and high temperature-resistant battery chargers.
Global Battery Charger Market Segments:
On the basis of the application, the market has been segmented into smart phones, laptops, electric vehicles, tablets, digital cameras, feature phones and others.
On the basis of the category, the market has been segmented into OEM and replacement.
On the basis of the product type, the market has been segmented into wired and wireless.
Region-wise, the market has been segmented into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America.
The competitive landscape of the market has also been examined with some of the key players being Accutronics Limited, Analytic Systems Ware Ltd., Anoma Corporation, 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., Saft S.A., Salcomp Plc, Schumacher Electric Corporation, Scud (Fujian) Electronics Co. Ltd., Shun Shing Standard Corporation Development Ltd., Spectrum Brands Inc. (Rayovac Division), Uniross Batteries S.A.S, Yuasa Battery Inc. and others.
This report provides a deep insight into the global battery charger market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the battery charger market in any manner.
Key Questions Answered in This Report:
How has the global battery charger market performed so far and how will it perform in the coming years?
What are the key regions in the global battery charger market?
What are the major application segments in the global battery charger market?
What are the major categories in the global battery charger market?
What are the major product types in the global battery charger market?
What are the various stages in the value chain of the global battery charger market?
What are the key driving factors and challenges in the global battery charger market?
What is the structure of the global battery charger market and who are the key players?
What is the degree of competition in the global battery charger market?
How are battery chargers manufactured?