Lithium or lithium-ion (Li-ion) battery chargers are rechargeable batteries used in portable electronics. They are renowned for their fast charging speed and low self-discharge. Li-ion battery charger ICs are programmed to control the voltage and ensure the safety of the device by preventing it from surpassing the expected threshold voltage. The global lithium battery charger ICs market is anticipated to touch a value of USD 34.45 billion by 2023 growing at 21.11% CAGR over the forecast period (2018-2023), as per the findings of Market Research Future (MRFR).
The increasing demand for smart devices and other consumer electronic products is likely to drive the market volume till 2023. Emergence of electric and hybrid electric vehicles is a rising trend which can induce demand for charger ICs which optimize charging. Adoption of robots across the industrial sector is projected to work in favor of the lithium battery charger ICs market. This can be credited to increasing adoption of automated processes to expedite production in manufacturing and other sectors.
Concerns regarding overheating and thermal stability of Li-ion batteries can pose a challenge to the 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.
Types of chargers include pulse battery chargers, switching battery chargers, SMBus/I2C/SPI controlled battery chargers, buck/boost battery chargers, linear battery chargers, and µModule battery chargers. Switching battery chargers dominated the lithium battery charger ICs market in 2017 owing to being highly efficient in small and cheap AC adapters. The compatibility with consumer electronic device chargers is said to be its driving force of the segment. On the other hand, SMBus/I2C/SPI controlled battery chargers can exhibit the fastest growth rate over the forecast period owing to their ability to excel in battery management. These chargers can adjust parameters such as input current, battery float voltage, and charge current efficiently.
Appliances in the lithium battery charger ICs market include gardening tools, power tools, small appliances, vacuum cleaners, and others. Small appliances include consumer electronic products and household items which require battery chargers. They accounted for a significant market share in 2017 owing to the use of chargers in commercial and household applications. Power tools are touted to exhibit a robust pace during the forecast period owing to the increasing use of cordless tools.
End-users in the lithium battery charger ICs market are energy & power, consumer electronics, automotive, and others. Consumer electronics had captured the largest market share in 2017 owing to slew of products available for entertainment and infotainment purposes. The automotive sector is predicted to be the dominant end-user in the market owing to integration of charging points in cars. These charging points serve as a gateway for offering music and entertainment to users via smartphones. Emergence of electric and hybrid vehicles can further elicit demand for efficient battery charger ICs.
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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- 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
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