Car Battery Chargers Market Expected To Observer Major Growth By 2026

Battery, a power source for any device is of two types rechargeable and non-rechargeable, in automotive application lead-acid battery are oldest and most commonly used. Lead-acid batteries are rechargeable battery and inexpensive to use. Car battery charger is a device needed in emergency situations, which provides energy to the battery by transferring current to flow through it. The type of car battery charger depends on the battery type and also on the capacity and technology being used. Various types of car battery chargers include float chargers, trickle chargers and smart battery charger. Of which smart battery charger is in high demand as it renders other functions such as reconditioning to extend life span of battery and optimal condition maintenance. CTEK Corporation is one of the prominent leader in car battery manufacturing, which provides its exclusive short circuit proofed and fully automatic four stage battery chargers for automotive companies like AUDI AG. A new revolution in battery chargers has turn up in the market with unique wireless charging method for various range of car batteries. WiTricity Corporation (an American manufacturer of devices providing wireless energy transfer) is the originator of this technology and CTEK Corporation has adopted to commercialize the wireless charging technology. The car battery chargers market is expected to increase significantly during the forecast period.

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:-

Manual charging
Automatic charging
Microprocessor controlled charging
Wireless charging

On the basis of battery type, car battery chargers market is segmented into:-

Lead – acid battery
Wet or Flooded battery
Calcium battery
Absorbed Glass Mat or Dry battery
Gel battery
Lithium- Ion battery

On the basis of energy source type, car battery chargers market is segmented into:-

Constant current
Constant voltage
Multi stage source

On the basis of battery charger type, car battery chargers market is segmented into:-

Smart / Intelligent chargers
Float chargers
Trickle chargers

On the basis of portability, car battery chargers market is segmented into:-

Plug-in chargers
Portable chargers

On the basis of charging rate or time, car battery chargers market is segmented into:-

Slow charging rate
Fast charging rate

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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.

Car Battery Chargers Market: Key Players

Some of the key players identified in the global car battery chargers market includes:

CTEK Corporation
Delphi Automotive LLP
NANA INDUSTRIES
KONGU ENGINEERS
Schumacher Electric Corporation
Clore Automotive, Inc.
Schauer Battery Chargers & The Brookwood Group Inc.
Associated Equipment Corp.
Exide Technologies
Brown & Watson International Pty Ltd
BYD Company Limited

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This release was published on openPR.