Car Battery Chargers Market Analysis, Trends, Forecast, 2016-2026
Car Battery Chargers Market: Drivers and Restraints
The upsurge in the production and sales of automotive industries has direct effect on the demand for car battery chargers. Furthermore increasing demand for electric vehicle drives the battery chargers market growth globally. The inoperative lead-acid batteries are recyclable and even though lead and acid (sulphuric acid) are harmful for environment various global recycling units for lead-acid batteries have emerged, which in turn propels the car battery chargers consumption and their upsurge in the automotive industry.
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Car Battery Chargers Market: Segmentation
On the basis of charging type, car battery chargers market is segmented into:-
Microprocessor controlled charging
On the basis of battery type, car battery chargers market is segmented into:-
Lead – acid battery
Wet or Flooded battery
Absorbed Glass Mat or Dry battery
Lithium- Ion battery
On the basis of energy source type, car battery chargers market is segmented into:-
Multi stage source
On the basis of battery charger type, car battery chargers market is segmented into:-
Smart / Intelligent chargers
On the basis of portability, car battery chargers market is segmented into:-
On the basis of charging rate or time, car battery chargers market is segmented into:-
Slow charging rate
Fast charging rate
Car Battery Chargers Market: Region Wise Outlook
The global car battery chargers market is divided into regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). Among the aforementioned regions, APEJ holds significant share in the car battery chargers market. In APEJ, China holds major share of the car battery chargers in terms of sales as the ratio of sales of electric vehicles is high due to government support for increased adoption of electric vehicles, thereby reducing oil dependency. Following is Europe, where some of the prevalent cars sales using the car battery chargers are Nissan Leaf, Renault Zoe, BMW i3, Volkswagen e-Gold. In Nordic Countries, especially in Norway the market for car battery chargers is enormously worthy, as observed Norway stands highest in electric vehicle registration and also the least in vehicle emissions. This effect is observed to be the government’s strategy in penetrating the electric vehicles consumption. Netherlands too is a positive market for car battery chargers as it is one of the Europe’s biggest electric vehicle buyers. Next in line is North America with major player such as CTEK Corporation, which provide battery chargers to automotive car manufacturers such as BMW Group, AUDI AG and account several patents. Japan being the automotive hub is most favourable for penetration of electric vehicles and thus expected for car battery chargers market. MEA is also observed to be the key market for expansion of car battery chargers. Since, there are less charging points on the roads for electric vehicles in MEA countries, which in turn is expected to drive the demand for smart and wireless battery chargers among electric vehicle users in the region. Overall the global market for car battery chargers is observed to be positive with increasing demand and is expected for greater expansion due to vast growth rate in car production.
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Car Battery Chargers Market: Key Players
Some of the key players identified in the global car battery chargers market includes:
Delphi Automotive LLP
Schumacher Electric Corporation
Clore Automotive, Inc.
Schauer Battery Chargers & The Brookwood Group Inc.
Associated Equipment Corp.
Brown & Watson International Pty Ltd
BYD Company Limited
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