All updated as on -
In 2023, the worldwide market for battery chargers was valued at $24.45 billion. With a compound annual growth rate (CAGR) of 6.9% from 2024 to 2031, the market is projected by IMARC Group to reach US$ 33.31 billion by 2031.
An electrical current is passed through a battery charger, which allows for the transfer of energy into a rechargeable battery. A steady voltage source may be required to manually disconnect some battery chargers, while others may include a timer that cuts power at predetermined intervals. At the moment, the main driver propelling the demand for battery chargers is the growth of the electronics sector. Another key factor driving the expansion of the battery charger industry is the rising popularity of electric cars (EVs) and other connected gadgets.
As a result of new efficient battery technologies being developed and the ever-increasing production and sales of battery-driven electronic goods and equipment, the worldwide battery chargers market is experiencing upward momentum. The battery charger is a versatile product with many end-use industries using them. The market is being propelled by the growing demand from consumer electronics, telecommunications, industrial, and automotive sectors.
At now, the primary element propelling the need for battery chargers is the growth of the electronics sector. Another key factor driving the expansion of the battery charger industry is the rising demand for electric cars (EVs) and connected gadgets. One example is the 6.1% increase in electric vehicle sales that occurred in 2021, when they surpassed 0.0021 billion. In the first half of 2021, the demand for battery chargers worldwide was driven by the sales of 0.00265 billion new electric vehicles.
One tool that can help with energy storage in batteries is a battery charger, which is also called a recharger. Various charging protocols are developed for different types and sizes of batteries; these protocols take into account characteristics such as voltage strength, length of current flow, and time required for complete recharging. Some batteries can continue to work even when hooked up to a constant current flow, and they have a higher tolerance for overcharging.
The most common type of battery charger in these situations is the manual one, which needs the user to remove it from the device after it has achieved its full charging capacity. When they are fully charged, some of the more sophisticated gadgets employ timers to cut off the power source. Overcharging can damage products over time, reducing their functional capacity or even shortening their lifespan, so it's important to be careful when using battery chargers, especially for devices like phones, laptops, and tablets.
The basic idea behind any sort of battery charger is to apply an electric current to the batteries for a set amount of time in the hopes that the cells would absorb and store part of the energy. Cheap or low-quality chargers draw a steady current when they're connected. The charge process terminates upon their disconnection. Using trickle charge, which is around 3 to 5% of the battery's maximum rated current, the high-quality chargers run for a longer duration.
The impact of COVID-19 on the worldwide market cap was substantial. Electronic device categories, particularly those involving homecare and hospitals, saw a significant increase in the need for battery chargers. Demand in this sector was low due to the closure of most manufacturing and industrial units, but it has since surged due to rising healthcare facility workloads and the prevalence of remote-culture settings.
The widespread use of new technologies is fueling optimism for the future of the global battery chargers industry. Whether in a professional or homecare scenario, practically everything is powered by a battery. The increasing need for battery chargers is largely attributable to the widespread digitalization occurring across all industries. Mobile electronics such as smartphones, tablets, laptops, etc., have largely replaced their more stationary counterparts.
Report Coverage
Global Battery Charger research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Battery Charger report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Battery Charger competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Battery Charger market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Battery Charger market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Battery Charger market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Analytic Systems Ware Ltd., Accutronics Limited, Energizer Holdings, Inc., FRIWO AG, Hop Wo Enterprise Limited, Charging Technologies Inc, Kolvin Industries Ltd., Associated Equipment Corporation, Kussmaul Electronic Co., Inc., Exide Technologies, HindlePower, Inc., Anoma Corporation, and Jackson Electric Co., Ltd.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Battery Charger market based on the below-mentioned segments:
Global Battery Charger Market, By Product Type
Wireless
Wired
Global Battery Charger market, By Application
Vehicles
Electronic Products
Industrial Machinery
Others
Global Battery Charger Market, By Technology
Smart
Solar
Conventional
Global Battery Charger market, Regional Analysis
An electrical current is passed through a battery charger, which allows for the transfer of energy into a rechargeable battery. A steady voltage source may be required to manually disconnect some battery chargers, while others may include a timer that cuts power at predetermined intervals. At the moment, the main driver propelling the demand for battery chargers is the growth of the electronics sector. Another key factor driving the expansion of the battery charger industry is the rising popularity of electric cars (EVs) and other connected gadgets.
As a result of new efficient battery technologies being developed and the ever-increasing production and sales of battery-driven electronic goods and equipment, the worldwide battery chargers market is experiencing upward momentum. The battery charger is a versatile product with many end-use industries using them. The market is being propelled by the growing demand from consumer electronics, telecommunications, industrial, and automotive sectors.
At now, the primary element propelling the need for battery chargers is the growth of the electronics sector. Another key factor driving the expansion of the battery charger industry is the rising demand for electric cars (EVs) and connected gadgets. One example is the 6.1% increase in electric vehicle sales that occurred in 2021, when they surpassed 0.0021 billion. In the first half of 2021, the demand for battery chargers worldwide was driven by the sales of 0.00265 billion new electric vehicles.
One tool that can help with energy storage in batteries is a battery charger, which is also called a recharger. Various charging protocols are developed for different types and sizes of batteries; these protocols take into account characteristics such as voltage strength, length of current flow, and time required for complete recharging. Some batteries can continue to work even when hooked up to a constant current flow, and they have a higher tolerance for overcharging.
The most common type of battery charger in these situations is the manual one, which needs the user to remove it from the device after it has achieved its full charging capacity. When they are fully charged, some of the more sophisticated gadgets employ timers to cut off the power source. Overcharging can damage products over time, reducing their functional capacity or even shortening their lifespan, so it's important to be careful when using battery chargers, especially for devices like phones, laptops, and tablets.
The basic idea behind any sort of battery charger is to apply an electric current to the batteries for a set amount of time in the hopes that the cells would absorb and store part of the energy. Cheap or low-quality chargers draw a steady current when they're connected. The charge process terminates upon their disconnection. Using trickle charge, which is around 3 to 5% of the battery's maximum rated current, the high-quality chargers run for a longer duration.
The impact of COVID-19 on the worldwide market cap was substantial. Electronic device categories, particularly those involving homecare and hospitals, saw a significant increase in the need for battery chargers. Demand in this sector was low due to the closure of most manufacturing and industrial units, but it has since surged due to rising healthcare facility workloads and the prevalence of remote-culture settings.
The widespread use of new technologies is fueling optimism for the future of the global battery chargers industry. Whether in a professional or homecare scenario, practically everything is powered by a battery. The increasing need for battery chargers is largely attributable to the widespread digitalization occurring across all industries. Mobile electronics such as smartphones, tablets, laptops, etc., have largely replaced their more stationary counterparts.
Report Coverage
Global Battery Charger research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Battery Charger report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Battery Charger competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Battery Charger market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Analytic Systems Ware Ltd., Accutronics Limited, Energizer Holdings, Inc., FRIWO AG, Hop Wo Enterprise Limited, Charging Technologies Inc, Kolvin Industries Ltd., Associated Equipment Corporation, Kussmaul Electronic Co., Inc., Exide Technologies, HindlePower, Inc., Anoma Corporation, and Jackson Electric Co., Ltd. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Battery Charger Market from 2021 to 2031.
- Market Forecast for Battery Charger Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Battery Charger competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Battery Charger
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Battery Charger market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Battery Charger market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Analytic Systems Ware Ltd., Accutronics Limited, Energizer Holdings, Inc., FRIWO AG, Hop Wo Enterprise Limited, Charging Technologies Inc, Kolvin Industries Ltd., Associated Equipment Corporation, Kussmaul Electronic Co., Inc., Exide Technologies, HindlePower, Inc., Anoma Corporation, and Jackson Electric Co., Ltd.
Primary Target Market
- Market Players of Battery Charger
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Battery Charger market based on the below-mentioned segments:
Global Battery Charger Market, By Product Type
Wireless
Wired
Global Battery Charger market, By Application
Vehicles
Electronic Products
Industrial Machinery
Others
Global Battery Charger Market, By Technology
Smart
Solar
Conventional
Global Battery Charger market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive battery charger market market research and competitor analysis for your business to help you develop more profound insights into the battery charger market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the battery charger market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.