Global Market for Battery Chargers
Dublin, May 30, 2022 (GLOBE NEWSWIRE) -- The "Battery Chargers - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Battery Chargers Market to Reach $32 Billion by 2026
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.
mong 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.
Key Topics Covered:
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
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
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS (Total 211 Featured)
Analytic Systems Ware Ltd.
Associated Equipment Corporation
Energizer Holdings, Inc.
Charging Technologies 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.
Schumacher Electric Corporation
Scud (Fujian) Electronics Co., Ltd.
Shun Shing Standard Corporation Development Ltd.
Uniross Batteries S.A.S
Yuasa Battery, Inc.
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
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
Use of Li-Ion Batteries in Smart Electricity Grid Systems Extends New Opportunities
Electric Vehicles: A Significant Opportunity for Li-ion Batteries Market
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
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
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