Global Lithium Battery Charger ICs Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Risk and Opportunity Assessment, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
The global market for lithium battery charger ICs can potentially touch a valuation of USD 34.45 billion by 2023, reveals Market Research Future (MRFR). The market also seems to be on track to achieve a strong growth rate of 21.11% during the forecast period (2018-2023).
The significant players in the worldwide market for lithium battery charger ICs are –
Integrated Device Technologies Inc. (U.S.), Active-Semi, Inc. (U.S.), Silergy Corporation (China), Shanghai Nanxin Semiconductor Technology Co. Ltd. (China), Vishay Intertechnology, Inc. (U.S.), NXP Semiconductors N.V. (The Netherlands), Holtek Semiconductors Inc. (China), Maxim Integrated (U.S.), Texas Instruments Inc. (U.S.), Toshiba Corporation (Japan), New Japan Radio Co., Ltd. (Japan), ROHM Company Ltd. (Japan), TOREX Semiconductor Ltd. (Japan), ON Semiconductor Corporation (U.S.), Intersil Corporation (U.S.), STMicroelectronics N.V. (Switzerland), Richtek Technology Corporation (Taiwan), Monolithic Power Systems, Inc. (U.S.), Microchip Technology Inc. (U.S.), Future Technology Devices International (FTDI) Chip (U.K.), Diodes Incorporated (U.S.), Analog Devices Inc. (U.S.), to mention a few.
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Top Drivers and Main Barriers
Lithium-ion (Li) battery chargers refer to the rechargeable batteries that come with elevated charging capacity as well as low amount of discharge. With the evolution of consumer electronic products, there have been advancements in the state of batteries. Popularity of Li-ion batteries has managed to increase its application in the military and aerospace sectors. Li-ion battery charger ICs help ensure that the battery lasts longer and are not prone to overheating.
Surging popularity of consumer electronic products is believed to be one of the prime market drivers. Manufacturers are working on lowering the size of ICs so additional functions can be integrated, which further facilitates battery management as well as thermal stability. Other than this, emergence of hybrid electric and electric vehicles can open up a host of growth opportunities for the market in the near future.
Industry 4.0 has revolutionized the way processes are automated and this factor is poised to induce the growth of the lithium battery charger ICs market during the conjectured timeframe. Rising use of robotics in manufacturing as well as many other sectors is projected to elicit the demand for high-quality ICs. Given the surging use of warehouse robots, collaborative robots, palletizing robots and assembly robots across industries, the market growth is expected to surge significantly in the following years.
Type, appliances, and end-users are the top segments according to which the Lithium Battery Charger ICs Market has been studied in the report.
Types of lithium battery chargers mentioned in the report are switching battery chargers, pulse battery chargers, buck/boost battery chargers, SMBus/I2C/SPI controlled battery chargers, µModule battery chargers, and linear battery chargers. Switching battery chargers are the leading segment in the lithium battery charger ICs market, as reported in 2017. The segment’s dominant share in the market is the result of the high efficiency of small and cheap AC adapters, which has boosted its demand among consumers. Additionally, its compatibility with a number of consumer electronic device chargers also helps elevate the segment position in the market. SMBus/I2C/SPI controlled battery chargers are exhibited to be the fastest-growing segment in the near future, on account of their ability to facilitate better battery management and adjust parameters like battery float voltage, input current as well as charge current effectively.
The appliances-based segments in the lithium battery charger ICs market are power tools, gardening tools, vacuum cleaners, small appliances, and others. Small appliances are household items and consumer electronic products that need battery chargers. They formed the largest market in 2017 since their use in commercial and household applications has risen considerably in recent years. Power tools can, however, demonstrate a robust growth rate during the appraisal period due to the increasing use of cordless tools.
End-users within the worldwide market for lithium battery charger ICs are automotive, consumer electronics, energy & power, and others. In 2017, consumer electronics controlled the market, given a large number of products available for entertainment as well as infotainment purposes. The automotive sector can take the lead among all the end-users in the global market, on account of the cars that are integrated with charging points. These charging points help offer music and entertainment services with the use of smartphones.
Geographical distribution of the worldwide lithium battery charger ICs market describes the latest trends and growth potential of Europe, North America, Asia Pacific (APAC), and the Rest-of-the-World (RoW).
In 2017, North America was reported to be the supreme market for lithium battery charger ICs, given the rich concentration of renowned players like Microchip Technology Inc., ON Semiconductor Corporation, Analog Devices Inc., and Maxim Integrated Products Inc. These players are striving to use innovative technologies in order to come up with cost-effective and safe battery charger ICs. Continuous innovation by the well-known players in the region can boost the market growth in the coming years. Also, considerable investments made by the reputed vendors in the region to bring down the charging period of electric vehicles are expected to stimulate the market growth during the conjectured timeframe.
Europe is set to do modest business in the global lithium battery charger ICs market in the following years, owing to the high concentration of automotive behemoths, especially in Germany. Evolving policies with regard to pollution levels can lead to the development of electric and hybrid vehicles, driving the demand for the lithium battery charger ICs market in the region. Germany is known for its large manufacturing hub of electric vehicles, in addition to making heavy investments in clean energy generation that makes use of lithium batteries. These factors are believed to be favoring the market growth in the region and can also elevate it to a better position in the future.
This market report is the collaborative effort of research analysts and subject matter experts at Market Research Future (MRFR). The process begins with data mining which involves accumulation of relevant data from credible sources. Primary research involves interviews with top decision makers in prominent companies. The trends and insights are verified through a mix of paid and unpaid databases. Top-down and bottom-up approaches are assessed to estimate the market size and valuation of segments and sub-segments in the market.
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Table of Contents
1 Executive Summary
2 Market Introduction
2.2 Scope of the Study
2.3 Market Structure
2.4 List of Assumptions
3 Research Methodology
3.1 Research Process
3.2 Forecast Model
4 Market Dynamics
4.2.1 Growing Demand for Smart Devices and Other Consumer Electronic Products
4.2.2 Increasing Demand of Industrial Robotics
4.3.1 Security Concerns Due to Overheating of Lithium Ion Batteries
4.4.1 Adoption of Industrial 4.0 Across Various Industries
4.5 Porter’s Five Forces Model
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Suppliers
4.5.3 Bargaining Power of Buyers
4.5.4 Threat of Substitutes
4.5.5 Intensity of Rivalry
List of Tables
Table 1 List of Assumptions
Table 2 Global Lithium Battery Charger Ics Market, by Charger Type, 2017-2023 (Usd Million)
Table 3 Global Lithium Battery Charger Ics Market, by Appliances, 2017-2023 (Usd Million)
Table 4 Global Lithium Battery Charger Ics Market, by Power Tools, 2017-2023 (Usd Million)
Table 5 Global Lithium Battery Charger Ics Market, by Vacuum Cleaners, 2017-2023 (Usd Million)
Table 6 Global Lithium Battery Charger Ics Market, by Small Appliances, 2017-2023 (Usd Million)
Table 7 Global Lithium Battery Charger Ics Market, by Gardening Tools, 2017-2023 (Usd Million)
Table 8 Global Lithium Battery Charger Ics Market, by Other Appliances, 2017-2023 (Usd Million)
Table 9 Global Lithium Battery Charger Ics Market, by End-user, 2017-2023 (Usd Million)
Table 10 Global Lithium Battery Charger Ics Market, by Region, 2017-2023 (Usd Million)
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
Figure 5 Global Lithium Battery Charger Ics Market, by Charger Type, 2017 to 2023 (Usd Million)
Figure 6 Global Lithium Battery Charger Ics Market, by Appliances, 2017 to 2023 (Usd Million)
Figure 7 Global Lithium Battery Charger Ics Market, by End-user, 2017 to 2023 (Usd Million)
Figure 8 Global Lithium Battery Charger Ics Market, by Region, 2017 to 2023 (Usd Million)
Figure 9 North America: Lithium Battery Charger Ics Market, by Country, 2017 to 2023 (Usd Million)
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