Battery Charger Market: Global Industry Trends, Share, Size, Growth, Region and Top Key Players

Global Battery Charger Market Report, Share, Size and Forecast Till 2023

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Report Description and Highlights

Report Description

Battery Charger Market Report By Product Type (Wired and Wireless), Application (Smart Phones, Laptops, Electric Vehicles, Tablets, Digital Cameras, Feature Phones and Others), Category, Region The global battery charger market has experienced a healthy growth in the past several years. The innovations in charging technology and rising purchasing power of the consumers are stimulating the growth of the market worldwide.

Market Overview: The latest report by IMARC Group, titled “Battery Charger Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, finds that the global battery charger market reached a value of around US$ 17.2 Billion in 2017. Battery charger refers to a device which converts AC current into low-voltage AC or DC current for charging an array of portable electronic devices across various industries. There is a wide variety of battery chargers available in the market which can be powered through a wall outlet, car port or even a computer USB port. In addition, these battery chargers are designed to work at alternate charging speeds to suit the requirements of different types of batteries.

Characterised by growing disposable incomes and widespread use of modern technologies, there has been a significant growth in the demand for battery chargers.

Report Description and Highlights

Report Description Battery Charger Market Trends:

In the recent years, the ubiquity of portable electronics, such as laptops, smart watches, digital cameras, mobile phones, etc. has created a huge demand for battery chargers. Apart from this, these chargers are also required for a number of wearable medical devices including hearing aids, diagnostics monitoring patches and fitness bands. In order to meet the emerging needs of the consumers, the manufacturers are improving the functionality and capacity of battery chargers so as to make them faster, more powerful and affordable. They have also developed solar battery chargers which can be used in remote locations without any electricity and help in reducing the dependence on conventional sources of electricity. In addition, the growing demand for electric vehicles (EVs) has encouraged market players to invest in the development of safe and efficient EV battery chargers.

Looking forward, the market is projected to reach a value of US$ 27.6 Billion by 2023, exhibiting a CAGR of around 8% during 2018-2023.

Battery Charger Market Segmentation: Market Segmentation by Application o Smart Phones For more information, click here: https://www.imarcgroup.com/battery-charger-market

Market Forecast

Sample Figure: Global: Battery Charger Market Forecast: Sales Value (in Billion US$), 2018-2023

184.3

191.7

199.3

207.3

2018

2019

2020

2021

215.6

224.2

2022

2023

Market Segmentation

Report Description o o o o o o

Laptops Electric Vehicles Tablets Digital Cameras Feature Phones Others

On the basis of application, smart phones represent the largest segment, holding the majority of the global share. Other application segments include laptops, electric vehicles, tablets, digital cameras and feature phones.

Market Segmentation by Category • •

OEM Replacement

Based on category, the market has been segregated into OEM (Original Equipment Manufacturer) and replacement battery chargers. Currently, the OEM segment dominates the market, accounting for the largest share.

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Market Segmentation

Report Description

Market Segmentation by Product Type • •

Wired Wireless

The market has been classified on the basis of product type into wired and wireless battery chargers.

Amongst these, wired battery chargers represent the most popular product type in the market.

Market Segmentation by Region • • • • •

Asia Pacific North America Europe Middle East and Africa Latin America

Region-wise, North America enjoys the leading position in the global battery charger market on account of the large base of tech-savvy consumers in the region. Other major regions are Asia Pacific, Europe, Middle East and Africa, and Latin America.

Regional Segmentation

North America

Europ e

Asia- Pacific

Latin America

Middle East and Africa

Market Segmentation

Report Description Competitive Landscape:

The competitive landscape of the market has also been examined with some of the key players.

• • • • • • • • • • • • • • •

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

Market Segmentation

Report Description • • • • •

Scud (Fujian) Electronics Co. Ltd. Shun Shing Standard Corporation Development Ltd. Spectrum Brands Inc. Uniross Batteries S.A.S Yuasa Battery Inc.

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Report Description and Highlights

Report Description

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