Press release
Battery Fuel Gauge IC Market Demand, Research Insights by 2020-2030
The global battery fuel gauge IC market was highly fragmented in 2019. Major players operating in the global market are focusing on technological advancements and expansion to meet the rising demand for battery fuel gauge IC. Moreover, manufacturers are signing partnerships for the development of innovative products.View Report @ https://www.transparencymarketresearch.com/Battery-Fuel-Gauge-IC-Market.html
Key players operating in the global battery fuel gauge IC market are:
Analog Devices, Inc.
Linear Technology
Maxim Integrated
Microchip Technology Inc.
ON Semiconductor
Orion BMS
Renesas Electronics Corporation
ROHM CO., LTD.
STMicroelectronics
Texas Instruments Incorporated
Battery Fuel Gauge IC: Introduction
A battery fuel gauge, also known as a battery gas gauge, determines battery state-of-charge (SOC) and state-of-health (SOH) of a battery.
Use of a battery fuel gauge IC is helpful to predict how long the battery can continue to provide power under specific operating conditions
One of the essential tasks of battery fuel gauge IC is to establish proper communication between the user and the battery so as to maintain appropriate health statistics of the battery
Battery fuel gauge IC is classified based on type and includes single cell and multiple cell
Battery fuel gauge ICs are used in automotive, medical devices, mobile electronic devices, robots, and other applications
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Growing Demand for Battery Fuel Gauge IC for Consumer Electronics Applications
Battery fuel gauge ICs are largely used in consumer electronic devices such as smartphones, laptops, notebooks, and digital cameras as it determines how long the battery can provide continuous power supply
Battery fuel gauge IC increases battery runtime and lifespan of consumer electronic devices by combining a small footprint with outstanding measurement accuracy and extremely low power consumption
The exponential adoption of lithium batteries in consumer electronics applications is propelling their market growth and development, as lithium ion batteries have long life compared to lead acid and other type of batteries
As a result of these factors, demand for lithium ion (Li-ion) batteries in consumer electronics devices is growing, which is expected to drive the global battery fuel gauge IC market during the forecast period
However, as a Li-ion cell ages, it loses its ability to store charge due to which it delivers the usable voltage for a shorter period of time than a newer cell even if it is fully charged, which is anticipated to moderately restrain the growth of the global battery fuel gauge IC market
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North America to Lead the Battery Fuel Gauge IC Market
In terms of region, the global battery fuel gauge IC market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
North America is anticipated to dominate the global battery fuel gauge IC market throughout the forecast period, as a large number of manufacturers of battery fuel gauge ICs operate in the region
Additionally, many well-established players based in North America are focusing on development of new technology in battery fuel gauge IC which is expected to boost the market in the region during the forecast period
The battery fuel gauge IC market in Europe and Asia Pacific is expected to expand at a substantial rate during the forecast period. On the other hand, the market in Middle East & Africa and South America is estimated to expand at a moderate pace during the forecast period.
About Transparency Market Research
Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research firm that offers market analysis reports and business consulting. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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