Battery Charger Market to Reach US$ 33.1 Billion by 2028

According to IMARC Group's latest research report, titled "Battery Charger Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028," The global battery charger market size reached US$ 24.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 33.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.

Battery Charger Industry Outlook:

A battery charger is a device used to induce energy into a cell or battery by passing an electric current through it. It is equipped with a rectifier, power, control, fault detection, and regulator circuits that help in transforming alternating current (AC) into direct current (DC) to the battery. It consumes high-voltage AC power and converts them into low-voltage DC power that is adopted for charging all types of rechargeable batteries. As a result, it is widely utilized for various technology-based products, including smartphones, laptops, digital cameras, and tablets. Due to the escalating usage of electronic products, there has been a considerable rise in the demand for battery chargers across the globe.

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Global Battery Charger Industry Demand:

The global market is primarily driven by the increasing production and sales of battery-powered electronic devices. Along with this, continual technological advancements in battery technologies are contributing to the market. Moreover, the rising adoption of electric vehicles (EVs) due to a rising focus on sustainable development is providing a thrust to the demand for the battery charger.

Additionally, numerous product innovations, such as product miniaturization, have made battery chargers more potent and quicker, which is impacting the market favorably. Other factors, including rapid industrialization and growing investments by leading players in extensive research and development (R&D) activities to manufacture improved product variants, are also positively influencing the market.

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Key Market Segmentation:

Leading Battery Charger Brands Analysis:

• Anoma Corporation
• Analytic Systems Ware Ltd.
• Exide Technologies
• Associated Equipment Corporation
• Energizer Holdings Inc.
• Ferro Magnetics Corporation
• Panasonic Corporation of North America
• FRIWO AG, HindlePower Inc.
• Phihong USA Corporation
• Powerbase Industrial (HK) Ltd.
• Saft S.A.
• Salcomp Plc
• Schumacher Electric Corporation
• Scud (Fujian) Electronics Co. Ltd.
• Shun Shing Standard Corporation Development Ltd.
• Spectrum Brands Inc. (Rayovac Division)
• Uniross Batteries S.A.S
• Yuasa Battery Inc.

Breakup by Application:

• Smartphones
• Laptops
• Electric vehicles
• Tablets
• Digital cameras
• Feature phones

Breakup by Category:

• Original equipment manufacturer (OEM)
• Replacement battery chargers

Breakup by Product Type:

• wired battery chargers
• wireless battery chargers

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

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This release was published on openPR.