San Jose, California (PRWEB) August 11, 2014
Follow us on LinkedIn – As an indispensable accessory for all types of electronic devices and equipment, battery chargers are expected to witness steady demand in line with the trends in the electronics industry. Increasing use of rechargeable batteries in a wide range of electronic devices used in automotive, industrial, information technology, telecommunications, and consumer electronics are driving growth in the market. Telecommunications represents the largest end-use market for battery chargers. Explosive growth in digital technology and the need to share and acquire information swiftly is boosting demand for compact computing devices, thereby spurring demand for battery chargers. Increasing sales of smartphones, tablets, laptops, and notebooks which require batteries to function smoothly is expected to boost growth in the market.
The emergence of new classes of batteries with different materials is giving rise to increased demand for sophisticated charging mechanisms, to improve charging speed and ensure safety. With technology advancements infusing a broader range of functional characteristics into smaller and lighter formats, the battery chargers market is witnessing continuous flow of new designs with efficient charge circuitry and safe charging techniques that prevent overvoltage and protect battery and system during charging. Advanced products such as smart chargers and wireless chargers are expected to witness rapid growth driven by the growing mobility needs of modern-day consumers. Growing environmental awareness and voluntary stewardship is helping spur demand for green battery chargers powered by wind and solar energy.
As stated by the new market research report on Battery Chargers, the United States represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 7.5% over the analysis period. Rising standards of living, huge population base, and adoption of mobile phones and electric vehicles represent key growth drivers in the region. In addition to India and China, demand for battery chargers in the region is high in countries such as Australia, Singapore, the Philippines, Malaysia, and Thailand, among others.
Major players covered in the report include Accutronics Limited, Analytic Systems Ware Ltd., Anoma Corp., Best Wisdom Electronics Co. Ltd., Energizer Holdings Inc., Exide Technologies, Ferro Magnetics Corporation, Flextronics, FRIWO AG, HindlePower Inc., Minwa Electronics Co. Ltd., Motor Appliance Corporation, Panasonic Corporation of North America, Phihong USA Corporation, Powerbase Industrial (HK) Ltd., Saft S.A., Salcomp Plc, Schumacher Electric Corporation, Scud (Fujian) Electronics Co. Ltd., Uniross Batteries S.A.S, and Yuasa Battery Inc.
The research report titled “Battery Chargers: A Global Strategic Business Report” announced by Global Industry Analysts Inc. provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. End-use sectors analyzed include Automotive, Industrial, Information Technology, Telecommunications and Consumer Products.
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 leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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