Global Battery Charger Market growing at a CAGR of 6.4% from 2023 to 2030
Category : Automotive Services | Published Date : Jun 2023
Key Market Overview
The Global Battery Charger Market was valued at USD 21,782.90 Million in 2022 and is expected to register a compound annual growth rate of 6.4% to reach USD 35,096.74 Million in 2030.
The report highlights the increasing demand for battery chargers for smooth and efficient functioning of consumer electronics by providing high charging capacity. Consegic Business Intelligence provides an inclusive research report on the battery charger market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
Global Battery Charger Market By Overview
The report analyses significant segments such as product type, category, application, and region, to identify emerging trends and potential opportunities. The product type segment is expected to grow due to the ability of wired chargers to provide reliable and seamless connection between a battery and a charger. Wired battery chargers provide efficient transfer of electric current directly to the battery, thereby providing faster charging speeds. Moreover, the ability of wireless charging systems to charge smartphones without the need for separate cables or wires is accelerating the growth of battery charger market.
Get Free SampleMarket Dynamics
Driver:
- The increasing adoption of consumer electronics devices among households is driving the growth of the market.
- The increasing demand for battery chargers for charging of lithium-ion batteries in Electric Vehicles (EVs) is accelerating the growth of the market.
- The increasing adoption of smart wearables among consumers is propelling the growth of the market.
Restraints:
- The limited charging cycles of battery chargers is restraining the growth of the market.
- The reduced performance of the batteries due to heat generation is hindering the growth of the market.
Market Segmentation:
| Report Attributes | Report Details |
| By Product Type | Wired and Wireless |
| By Category | OEM and Replacement |
| By Application | Smartphones, Laptops, Electric Vehicles, Tablets, Digital Cameras, Feature Phones, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The Global Battery Charger Market is highly competitive due to the presence of major players such Accutronics Limited, Analytic Systems Ware Ltd., Anoma Corporation, Associated Equipment Corporation, Energizer Holdings Inc., Exide Technologies, Ferro Magnetics Corporation operating in the global market. The market players are adopting new ways through product innovations, mergers and acquisitions, and business strategies to remain hold strong market position. Thus, evolving research and developments in Battery Charger Market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various industries.
- Accutronics Limited
- Analytic Systems Ware Ltd.
- Associated Equipment Corporation
- Energizer Holdings Inc.
- Exide Technologies
- Ferro Magnetics Corporation
- FRIWO AG
- HindlePower, Inc.
- Anoma Corporation