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Fresh Perspectives on the Global Battery Chargers Market to Get Your Business Strategy Ready

Batteries are indispensable power source for a wide variety of power-hungry electronic devices in consumer and industrial applications.

Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Battery Chargers market. Market segmentation study include Type (OEM, Replacement); Application (Mobile Phones & Tablets, Laptops, Digital Cameras, Electric Vehicles, Other Applications).

3 July 7:35 A.M., California/Marketwire/ - According to the new market research report, batteries are indispensable power source for a wide variety of power-hungry electronic devices in consumer and industrial applications. Batteries are found in all sectors of the economy that use electronic/electrical equipment, where an AC line cord or other type of energy source does not derive energy. A number of applications, ranging from mobile devices and other consumer products to aerospace platforms, standby industrial power systems, and motor vehicle electrical systems use power using batteries. Demand for batteries is thus reflective of the dynamics of respective end-use markets. Over the years, design and powering capacity of batteries has undergone a sea change and was in tune with the rapidly evolving application landscape. Driven by changing energy needs, battery makers have focused on developing newer and more powerful battery chemistries for modern, high-tech devices/equipment. Manufacturers' R&D efforts are mostly centered around high-energy density, longer discharge cycles, easy maintenance, extra safety, and eco-friendly features, factors that have a significant bearing on the battery purchase decisions of customers.

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 introduction 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.

Rechargeable battery market mainly includes battery chemistries such as Lithium-Ion (Li-ion), Nickel Cadmium (NiCd) and Nickel Metal Hydride (NiMH). Given their varying technological lineage, market prospects for each of these technologies differ substantially. Lithium-Ion batteries are finding increasing demand in next-generation portable electronics as well as for plug-in and hybrid electric vehicles. In fact, lithium-ion accounts for a majority share of the market for portable rechargeable batteries and also represent a rapidly growing product segment within the rechargeable batteries market. Companies are increasingly emphasizing on including nanotechnology and developing chemistry advances in the electrode design to make lithium-ion as the leading energy storage technology in the future. Despite the increasing share of portable rechargeable batteries, sales of lead-acid battery technology continue to dominate the rechargeable battery market, with traditional markets of telecommunications, automotive and industrial backup continuing to offer substantial growth opportunities. Nickel-cadmium (Ni-Cd) batteries that are mainly used in back-up systems and power tools are projected to decline noticeably in the coming years owing to stringent environmental constraints over cadmium toxicity. In addition, increasing demand for lithium-ion batteries and the emerging nickel-zinc and silver-zinc rechargeable batteries segments are likely to further hamper the market for rechargeable Ni-Cd batteries. Market share of NiMH battery is also expected to gradually decline, as uptake of Li-ion increases. Increasing usage of renewable energy for power generation is projected to expand the market for large-footprint batteries, especially sodium sulfur (NaS) in the ensuing years. Ultracapacitors as well as fuel cells constitute other possibilities for the energy storage systems. However, rechargeable batteries are expected to continue to be the preferred energy storage system for power tools as well as portable electronics, and expand novel markets in large-scale renewable energy systems and motor vehicles through the next decade.

Key Competitors Covered in the Report
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.

Geographies Analyzed in the Report
USA
Canada
Japan
China
Europe (France, Germany, Italy, UK, 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, UAE, Rest of Middle East)
Africa

More details

Research Methodology
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 7564. Among this pool, 1059 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 227 unique participations, a total of 102 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.

Contact Us:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
Email: sales@StrategyR.com




Fresh Perspectives on the Global Battery Chargers Market to Get Your Business Strategy Ready

The global market for Battery Chargers is projected to reach US$26.6 billion by 2025, driven by the growing demand for battery-powered, power-hungry portable/mobile electronics and electromechanical equipment such as smartphones, cameras, industrial forklifts, and electric vehicles.

Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Battery Chargers market. Report segmentation include Type (OEM, Replacement); and Application (Mobile Phones & Tablets, Laptops, Digital Cameras, Electric Vehicles, Other Applications).

10 June 9:31 A.M., California/Marketwire/ - According to the new market research report, the global market for Battery Chargers is projected to reach US$26.6 billion by 2025, driven by the growing demand for battery-powered, power-hungry portable/mobile electronics and electromechanical equipment such as smartphones, cameras, industrial forklifts, and electric vehicles. The market is expected to decline in the year 2020 before recovering to reach a revised market size and reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned.

Asia-Pacific long term growth will be led by the continued rise in demand for a wide range of electronic products such as smartphones, cameras, tablets, laptops and LED flashlights among others driven by rising standard of living, digitalizing consumer lifestyles, increasing incomes, and ability to afford these products. Growing focus and awareness over the importance of charging management is encouraging manufacturers to invest resources into the development of rapid and safe charging technologies. While in the consumer electronics industry design trends are driven by miniaturization and multi-functional needs, in the industrial sector the trends revolve around developing chargers with are resistant to high temperatures and extreme environment with the ability to provide constant voltage to the battery. Telecommunications represents the largest end-use market driven by the growing market for smartphones and innovations such as wireless, smart and fast chargers.

Key Competitors Covered in the Report
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.

Geographies Analyzed in the Report
USA
Canada
Japan
China
Europe (France, Germany, Italy, United Kingdom, Spain, Russia, and Rest of Europe)
Asia-Pacific (Australia, India, South Korea, and Rest of Asia-Pacific)
Latin America (Argentina, Brazil, Mexico, and Rest of Latin America)
Middle East (Iran, Israel, Saudi Arabia, United Arab Emirates, and Rest of Middle East)
Africa

More details

Research Methodology
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 7564. Among this pool, 1059 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 227 unique participations, a total of 102 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.

Contact Us:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
Email: sales@StrategyR.com