Market Highlights:
Lithium-ion (Li) battery chargers are rechargeable batteries which possess high charging capacity and low amount of discharge. The evolution of consumer electronic products has further advanced the state of batteries. Popularity of the Li-ion batteries has expanded their application in aerospace and military sectors. Li-ion battery charger ICs are programmed to ensure the battery lasts longer without falling prey to overheating.
The global lithium battery charger ICs market is poised to touch a valuation of USD 34.45 billion by 2023. Rising popularity of consumer electronic products is likely to be the prime market driver. Manufacturers are reducing the size of ICs to integrate additional functions which can assist in thermal stability and battery management. Emergence of electric and hybrid electric vehicles is likely to open up new growth opportunities.
The industrial 4.0 revolution which emphasizes on automation of processes is likely to work in favor of the lithium battery charger ICs market till the end of the forecast period. Adoption of robotics in manufacturing and other industrial sectors is likely to elicit the demand for efficient ICs. The use of collaborative robots, warehouse robots, assembly robots, and palletizing robots in industries can fuel market growth.
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Major Key Players
- Vishay Intertechnology, Inc. (U.S.),
- STMicroelectronics N.V. (Switzerland),
- Microchip Technology Inc. (U.S.),
- ROHM Company Ltd. (Japan),
- TOREX Semiconductor Ltd. (Japan),
- Future Technology Devices International (FTDI) Chip (U.K.),
- Diodes Incorporated (U.S.),
- ON Semiconductor Corporation (U.S.),
- Intersil Corporation (U.S.),
- Monolithic Power Systems, Inc. (U.S.),
- Active-Semi, Inc. (U.S.),
- Shanghai Nanxin Semiconductor Technology Co. Ltd. (China),
Richtek Technology Corporation (Taiwan), Texas Instruments Inc. (U.S.), Analog Devices Inc. (U.S.), NXP Semiconductors N.V. (The Netherlands), Integrated Device Technologies Inc. (U.S.), Toshiba Corporation (Japan), New Japan Radio Co., Ltd. (Japan), Maxim Integrated (U.S.), Silergy Corporation (China), and Holtek Semiconductors Inc. (China).
According to MRFR, the global Lithium Battery Charger Ics Market is poised to touch a valuation of USD 34.45 billion by 2023.
Competitive Analysis:
Texas instruments Inc. Holds 18-19% market share in lithium battery charger IC’s market in 2018
Market Research Future includes following key players for Lithium Battery Charger ICs market research study: Texas Instruments Incorporated, Analog Devices, NXP Semiconductors, Integrated Device Technologies, Inc., Toshiba America Information Systems, Inc., Vishay Intertechnology, Inc., STMicroelectronics, Microchip Technology Inc., ROHM Semiconductor, TOREX Semiconductor Ltd, FTDI Chip, Diodes Incorporated, Semtech, Maxim Integrated, New Japan Radio Co., Ltd, Fairchild Semiconductor, On Semiconductor, Renesas Electronics (Intersil), Monolithic Power Systems, Inc., Active Semi, Southchip, Mediatek, Inc. (Richtek), Silergy, and Holtek.
According to MRFR analysis, Texas Instruments is currently leading the global lithium battery charger ICs market. It operates globally and designs and manufactures semiconductor devices and integrated circuits. The company uses leading-edge tools, such as application notes, comprehensive technical documentation, a broad selection of evaluation model, along with training to make designs easier for battery management solutions. Moreover, it provides for small orders and samples that can be shipped within 24hr, using TI authorized distributors, thus, helping them speed up the time-to-market. Its MaxCharge technology reduces the charge time up to 60%.
Toshiba Corporation has currently occupied the second position in the global lithium battery charger ICs market. It is a major Japanese manufacturer of electronic devices and computers for industrial and consumer applications. It currently introduced lithium-ion battery chargers, which can charge the battery in just six minutes, and can be used in electric vehicles. The company is innovating in battery technologies, such as SCiB battery, which uses lithium titanium oxide in the anode. This provides safety, low-temperature performance, and rapid charging. Furthermore, it is investing in a lithium-ion plant to manufacture batteries and chargers for electric cars.
Regional Analysis:
Geographic segmentation of the lithium battery charger ICs market reveals details regarding North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
North America had dominated the market in 2017 owing to presence of major players such as Analog Devices and Maxim Integrated Products. Continuous innovation by these players to increase the charging capacity and battery management capabilities is expected to boost the market demand exponentially. Investments by reputed companies to reduce the charging period in electric vehicles can bode well for the market.
Europe can showcase a modest growth rate thanks to presence of automotive behemoths in Germany. Changing policies regarding pollution levels are likely to accelerate development of electric and hybrid vehicles which can induce the demand in the lithium battery charger ICs market.
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Intended Audience
- OEMs
- Raw material suppliers
- IC manufacturers
- Batteries manufacturers
- System integrators
- Smartphone manufacturers
- Research Institutes
- Suppliers and Distributors
List of Tables
TABLE 1 LIST OF ASSUMPTIONS
TABLE 2 GLOBAL LITHIUM BATTERY CHARGER ICS MARKET, BY CHARGER TYPE, 2017-2023
TABLE 3 GLOBAL LITHIUM BATTERY CHARGER ICS MARKET, BY APPLIANCES, 2017-2023
TABLE 4 GLOBAL LITHIUM BATTERY CHARGER ICS MARKET, BY POWER TOOLS, 2017-2023
TABLE 5 GLOBAL LITHIUM BATTERY CHARGER ICS MARKET, BY VACUUM CLEANERS, 2017-2023
Continued……
List of Figures
FIGURE 1 GLOBAL LITHIUM BATTERY CHARGER ICS MARKET: MARKET STRUCTURE
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 DROC ANALYSIS OF GLOBAL LITHIUM BATTERY CHARGER ICS MARKET
FIGURE 4 PORTER’S FIVE FORCES ANALYSIS OF THE GLOBAL LITHIUM BATTERY CHARGER ICS MARKET
Continued……
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