Global Battery Charger Market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at 4.49% through 2020 to 2026, reaching US$ XX Mn.

Global Battery Charger Market

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Global Battery Charger Market Overview:

The global battery charger market reached a value of US$ 21.7 Bn in the year 2020. A battery charger is a device which is used for conveying energy into a rechargeable battery by passing an electric current through it. Some battery chargers need to be manually disconnected by the continuous voltage source whereas others may use a timer for cutting off the power at fixed intervals. Presently, the expansion of the electronics industry is the primary reason catalyzing the demand for battery chargers. A growing demand for EVs & connected devices acts as another key strength stimulating the development of the battery charger market.

Over the years, numerous trends have been saw in the market such as miniaturization which have made these chargers powerful & faster, yet gradually compact in size. In addition, many developments have been made so that battery chargers can provide to different functions without the need for separate cables. Rising focus & awareness about the significance of charging management is further boosting the manufacturers to develop safe & rapid charging technologies. Apart from this, in order to increase their customer-base, manufacturers have hosted wireless, smart & high temperature-resistant battery chargers.

Global smartphone vendors shipped a total of 354.7 Mn units during the 3rd quarter of 2020, causing in a decline 1.1 percent year on year when compared to the 358.5 Mn units shipped in the 3rd quarter of the year2019. This is mostly driven by the re-opening of economies around the globe as corona virus restrictions were slowly relaxed. Also, faster than anticipated rebound in some main developing markets contributed to the development.

Regionally, APAC (excluding China and Japan), Central & Eastern Europe, & Latin America saw considerable year on year growth in the quarter. India, which is the 2nd largest market globally, saw very strong volumes in 2020Q3 despite further worries around the corona virus. Developing markets, like Brazil, Indonesia, & Russia, which ranked in top ten in the world, experienced strong development. Though established regions such as USA and Western Europe continued to see double-digit decline.

Worldwide Top five Smartphone Company Unit Market Share (%)

India's smartphone market is set for double-digit development in the year 2021:

India’s smartphone market is estimated to rebound to double-digit growth, between 12 percent & 21 percent, in the year 2021 after two years of muted sales, according to MMR study. Smartphone sales raised 29 percent in 2015, fell 5percent in 2016 due to demonetization, then improved to 14 percent in the year 2017 & 2018. But in the year 2019, it grew at 8 percent & is estimated to end 2020 flat YoY because of the economic impact of the Corona virus. MMR estimates smartphone shipments to reach 172.6 Mn in the year 2021, growing 15 percent from a projected 150.2 Mn in 2020.

Key Market Players:

Company :

Consumer electronics to exhibit high growth in the battery technology market during the forecast period.

Nonstop development in consumer electronics has increased the battery technology market. The growing demand for intelligent & smart watches & fitness bands has given growth to the development of innovative product designs & the acceptance of related components which are compact & flexible. Such progresses drive battery technology in consumer electronics applications.

The report covers Wired, Wireless with detailed analysis Global Battery Charger Market industry with the classifications of the market on the Product Type, Application & region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players' contribution in it. The report has profiled twelve key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced Plastic Type, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in five regions. The major country’s policies about manufacturing & Covid 19 impact on demand side are covered in the report.

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Global Battery Charger Market, By Region

• North America:

o US

o Canada

• Europe

o UK

o Germany

o France

o Spain

o Italy

o Sweden

o CIS countries

o Rest of Europe

• APAC

o China

o India

o South Korea

o Japan

o Australia

o Rest of APAC

o ASEAN

 Indonesia

 Malaysia

 Singapore

 Thailand

 Vietnam

• Middle East & Africa

o GCC Countries

o South Africa

o Rest of MEA

• Latin America

o Mexico

o Brazil

o Rest of Latin America

Global Battery Charger Market 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.

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