Battery Chargers: A Global Strategic Business Report
San Jose, CA (Vocus) October 21, 2010
Global economic recession hindered market growth of battery chargers during 2008 and 2009. During the period, demand for battery chargers declined considerably across all the end-use markets including automotive, industrial, information technology, telecommunications, and consumer products. Sales of battery chargers in the automotive end-use registered noticeable drop, while the use of battery chargers also fell drastically in telecommunications and information technology, the two leading end-users of battery chargers. Going forwards, the market is likely to recover by 2011 and demonstrate healthy growth in subsequent years. Market growth is likely to be driven by increased adoption of battery chargers by consumers for powering their digital cameras, notebook computers, mobile phones, and other consumer electronics. Further, expected recovery and growth in the automotive sector and resurgence of information technology and telecommunications sectors is poised to benefit the battery chargers market.
Europe represents the largest market for battery chargers worldwide, as stated by the new market research report on Battery Chargers. Driven by rise in demand for MP3 players, digital camcorders and digital image capturing devices, and game consoles, the market for battery chargers in Europe is expected to register growth in the coming years. In terms of value sales, the United States represents the second largest market. In the US, battery chargers are predominantly consumed in information technology and telecommunications end-use markets. Asia-Pacific represents the fastest growing market, forecast to register a CAGR of about 7.0% over the analysis period. By end-use market, Telecommunications category constitutes the largest segment of battery chargers market. Information Technology end-use segment is poised to register fastest growth with a CAGR of more than 5.0% over the analysis period.
Innovation is the buzzword in the world of rechargeable batteries and battery charging systems. Innovations in the market led to introduction of smart, compact, and fast chargers into the market. While battery makers across the world are focusing on new ways to enhance efficiency, recharger system manufacturers are embarking on lowering chargeup time to match with growing power related requirements of the digital world. Price represents the key competitive factor shaping market dynamics. Intense competition in the charger market is encouraging manufacturers to set up production and assembling units in economical countries/regions to reduce production costs, labor problems, and to tackle competition from other battery charger manufacturers. In most cases, battery manufacturers do not manufacture chargers on their own and several companies outsource battery charger productions to other manufacturers to curtail overhead costs and to maintain desired profit levels.
Major players profiled in the report include Accutronics Limited, Anoma (North America) Corp., Best Wisdom Industrial (Shenzhen) Co. Ltd., Cincon Electronics Co. Ltd., Energizer Holdings Inc., Exide Technologies, Ferro Magnetics Corporation, Flextronics, HindlePower Inc., Jeckson Electric Co. Ltd., Lester Electrical, Panasonic Corporation of North America, Saft S.A., Salcomp Plc, Schumacher Electric Corporation, Scud (Fujian) Co. Ltd., Spectrum Brands Inc., Uniross Batteries Corporation, Yuasa Battery Inc., among others.
The report titled “Battery Chargers: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the battery chargers markets, impact of recession on the markets, current market trends, key growth drivers, product overview, recent product introductions, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections for battery chargers market for the following geographic markets – US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Annual sales estimates and projections are provided in value terms for the global as well as all the regional markets and in volume terms for the US, Canadian, and global markets. Key end-use segments analyzed include Automotive, Industrial, Information Technology, Telecommunications, and Consumer Products. Also, a seven-year (2000-2006) historic analysis is provided for additional perspective.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Battery_Chargers_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Web Site http://www.StrategyR.com/
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