Battery Charger IC Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Application (Lithium Ion Battery Monitoring, PV Cell Energy Harvesting , Industrial Monitoring, Wearable Devices, Other Portable Equipment), And By Geography - Forecasts From 2023 To 2028
- Published : May 2023
- Report Code : KSI061615286
- Pages : 142
A battery charger IC, or integrated circuit, is a semiconductor device designed to regulate and control the charging of rechargeable batteries. These chips are commonly used in electronic devices that require portable power, such as smartphones, tablets, and laptops. The primary function of a battery charger IC is to manage the flow of current from an external power source, such as a wall adapter or USB port, to the battery being charged. The charging process involves several stages, including initial current charging, constant voltage charging, and trickle charging. A battery charger IC is responsible for monitoring and controlling each of these stages, ensuring that the battery is charged safely and efficiently. The chip may also include additional features, such as temperature monitoring and overcharge protection, to further safeguard against potential battery damage.
One of the key benefits of using a battery charger IC is that it allows for fast charging of batteries without compromising their longevity. By regulating the charging process, the chip can prevent overheating and overcharging, which can lead to reduced battery life and even battery failure. Additionally, the use of a battery charger IC can help reduce the overall cost and complexity of battery charging circuits, making it an attractive option for manufacturers of electronic devices.
The battery charger IC market is driven by emergence of electric aircraft and increasing adoption of smart grids.
As the aviation industry seeks to reduce its carbon footprint; there is a growing interest in electric aircraft as a potential solution. Electric aircraft rely on high-capacity batteries to power their engines, which require efficient and reliable battery charging solutions. This is driving demand for specialized battery charger ICs that can meet the unique requirements of electric aircraft. Electric aircraft require high-power charging solutions that can quickly and efficiently charge their large battery arrays. These charger ICs must also be designed to ensure the safety and reliability of the system, as any issues with battery charging can pose significant safety risks. As a result, manufacturers are developing specialized battery charger ICs that can meet the unique requirements of electric aircraft. These charger ICs must be able to charge high-capacity batteries quickly and efficiently, while also providing features such as thermal management, voltage monitoring, and overcurrent protection to ensure the safety and longevity of the battery.
Further, increasing adoption of smart grids is driving growth in the battery charger IC market. Smart grids require battery storage solutions to balance energy supply and demand, and battery charger ICs are required to manage and charge these battery storage systems.
- In 2020, Texas Instruments (TI) unveiled its latest buck-boost battery charger integrated circuit, the BQ25790 and BQ25792, which boasts one of the smallest sizes in the industry. These devices integrate power path management technology, enabling them to achieve a greater power density and universal, fast charging with a charging efficiency rating of 97%. The products also have the capability to increase power density by 50% and charging speed by three times.
Based on applications, the battery charger IC market is expected to witness positive growth in lithium ion battery monitoring segment.
The battery charger ICs market for lithium-ion battery monitoring applications has been growing steadily in recent years. This growth can be attributed to the increasing adoption of lithium-ion batteries in various applications, such as portable electronic devices, electric vehicles, and renewable energy storage systems. The segment is expected to continue growing due to the increasing demand for portable electronic devices, which rely heavily on lithium-ion batteries. Moreover, the demand for electric vehicles is also expected to drive the growth of the battery charger IC market, as these vehicles require efficient charging solutions for their battery systems.
North America accounted for a significant share of the global battery charger IC market.
Based on geography, the battery charger IC market is segmented into North America, South America, Europe, the Middle East and Africa and Asia Pacific. North America is a significant market for battery charger ICs, with the presence of key industry players and the increasing demand for portable devices. The increasing adoption of electric vehicles and renewable energy storage systems is also driving the demand for battery charger ICs in North America. Moreover, the growing trend of wearable devices, coupled with the rising demand for smartphones and tablets, is expected to fuel market growth. Furthermore, the North American market is characterized by high consumer awareness and the presence of several tech-savvy individuals, which is driving the demand for portable electronic devices. These factors are expected to further boost the growth of the battery charger IC market in North America.
Key Market Segments
- BY APPLICATIONS
- BY GEOGRAPHY
- North America
- South America
- United Kingdom
- Middle East And Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. BATTERY CHARGER IC MARKET, BY APPLICATIONS
5.2. Lithium ion battery monitoring
5.3. PV cell energy harvesting
5.4. Industrial monitoring
5.5. Wearable devices
5.6. Other portable equipment
6. BATTERY CHARGER IC MARKET, BY GEOGRAPHY
6.2. North America
6.3. South America
6.4.3. United Kingdom
6.5. Middle East And Africa
6.5.1. Saudi Arabia
6.6. Asia Pacific
6.6.4. South Korea
7. COMPETITIVE ENVIRONMENT AND ANALYSIS
7.1. Major Players and Strategy Analysis
7.2. Emerging Players and Market Lucrativeness
7.3. Mergers, Acquisitions, Agreements, and Collaborations
7.4. Vendor Competitiveness Matrix
8. COMPANY PROFILES
8.1. Analog Devices, Inc.
8.2. Richtek Technology Corporation
8.3. Texas Instruments
8.5. Renesas Electronics Corporation
8.6. Qualcomm Technologies, Inc.
Analog Devices, Inc.
Richtek Technology Corporation
Renesas Electronics Corporation
Qualcomm Technologies, Inc.
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