Smart Battery Charger Market Size, Growth, In-depth Analysis, Research Report Forecast up to 2028: Key Players are Samsung Electronics Co. Ltd. and WiTricity Corporation.

Key determinants contributing to the global market expansion for smart battery chargers include the booming demand for portable electronic devices and gadgets such as tablets, smartphones, and laptops. In addition, the growing demand for electric vehicles and energy storage systems is also positively impacting the market demand during the projection period. Moreover, increasing demand for fast, safe, and efficient charging solutions is anticipated to contribute to the growth of the global market during the analysis period.

However, the high cost, stringent rules & regulations coupled with the need for more knowledge, particularly in emerging economies, is hindering the growth of the global market for smart battery chargers during the analysis period.

According to the study, surging consumer demand for electric vehicles is fostering the smart battery chargers market expansion.

A smart battery charger is an equipment that uses cutting-edge technology to monitor and regulate the charging of a battery rapidly, effectively, and securely. Various types of batteries, such as lithium-ion, nickel-cadmium, and nickel-metal hydride batteries, can be charged with these chargers. The rising demand for electric vehicles in various parts of the globe is one of the key factors driving the growth of the global market. In addition, smart battery chargers are also employed in a wide range of industry verticals, such as automotive, consumer electronics, and military, positively impacting the market prospects.

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The global smart battery charger market is analyzed into type, end user, and geography.

Based on the type of battery charger, the market is categorized into Wired and Wireless. The wireless segment is expected to hold a significant market share among the abovementioned ones. Wireless smart battery chargers are used in portable consumer electronic devices, military applications, etc. Growing demand for wireless technology is one of the primary factors driving the growth of this segment during the projection period.

On the basis of the type of end-user, the classification has been done into Smartphones, Laptops, Electric Vehicles, Tablets, and others. Of all these types, the electric vehicle segment is expected to hold a significant market share during the analysis period. Electric vehicle smart battery chargers are intended to deliver quick charging while safeguarding the battery from overcharging or overheating. Therefore, increasing demand for battery electric vehicles is expected to drive the market expansion of the EV segment. IEA estimates that nearly 6.6 million electric cars were sold in 2021, a 400 percent increase in market share from 2019.

Out of all the geographical regions North American region is expected to significant market share in the global smart battery charger market. The market in this region is expanding quickly because of the high adoption rate of electric vehicles in countries like the United States and Canada. According to International Energy Agency data, by 2030, 27 million electric vehicles will be on the road in the US. The prevalence of key market players in countries such as the United States spurs the smart battery chargers market growth in this region. In addition, the growing demand for rapid energy-efficient charging solutions is also spurring growth for the regional market during the projection period.

The major global smart battery charger market players are Accutronics Ltd, CTEK North America, 3M, FRIWO, Enel X, Samsung Electronics Co. Ltd., WiTricity Corporation, Energizer Holdings Inc., Murata Manufacturing Co. Ltd., and Sony Corporation.

This global smart battery charger market has been analyzed into the following segments:

• By Type

o Wired
o Wireless

• By End-User

o Smartphones
o Laptops
o Electric Vehicles
o Tablets
o Others

• By Geography

o North America

• United States
• Canada
• Mexico

o South America

• Brazil
• Argentina
• Others

o Europe

• United Kingdom
• Germany
• France
• Spain
• Others

o Middle East and Africa

• UAE
• Israel
• Saudi Arabia
• Others

o Asia Pacific

• Japan
• China
• India
• South Korea
• Thailand
• Taiwan
• Indonesia
• Others

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Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies across ten industry verticals. KSI has a team of experienced and young professionals who focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports annually centering on the niche and latest technologies. In addition, we engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird's-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers, and challenges, and strategic recommendations for making informed decisions. Our success lies in our analysts' efforts to meet client expectations by delivering quality work within the stipulated deadlines.

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