Global Demand for Smart Batteries Signals Prosperous Future for Battery Management ICs

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Nov 14, 2023, 14:45 ET

DUBLIN, Nov. 14, 2023 /PRNewswire/ -- The "Battery Management ICs - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.

The global market for Battery Management ICs estimated at US$7.5 Billion in the year 2022, is projected to reach a revised size of US$10.9 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2022-2030.

Fuel Gauge ICs, one of the segments analyzed in the report, is projected to record 5.4% CAGR and reach US$5.7 Billion by the end of the analysis period. Growth in the Battery Charger ICs segment is estimated at 4.7% CAGR for the next 8-year period.

The Battery Management ICs market in the U.S. is estimated at US$1.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.9 Billion by the year 2030 trailing a CAGR of 5.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 4.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.

Market Trends & Drivers

Growing Demand for Mobile Computing Devices Provides the Foundation for Growth of Battery Management ICs in the Consumer Electronics Market
Why Rechargeable-Battery Power Management Demands Multiple ICs
Battery Management ICs Extend Battery Life for Portable Devices
Battery Powered Consumer Electronics to Spur Demand for Battery Management ICs: Global Market for Consumer Electronics (In US$ Billion) for Years 2020, 2022, 2024 & 2026
Global Opportunity for Consumer Batteries (In US$ Billion) for Years 2020, 2022 & 2024
The Rise of Drones Spurs Demand for Drone Batteries & The Need for Battery Management ICs
Battery Management in Battery Powered Drones Gains in Importance for Safe Operation of Drones: Global Number of Commercial Drones (In Units) for Years 2020, 2022, 2024 & 2026
Smart Cities & IoT Push Up the Need for Smart Batteries & Battery Management ICs
Global Smart Cities Opportunity (In US$ Billion) for Years 2021, 2024, 2027
Growing IoT Ecosystem Bodes Well for IoT Device Batteries & Battery Management ICs to Overcome Limited Battery Life Drawback in IoT applications
IoT Takes a Quantum Leap Opening New Growth Opportunities for Batteries for IoT Devices: Global Number of IoT Connected Devices (In Billion Units) for the Years 2016, 2018, 2020, 2022 & 2025
Why Smart Cities & IoT Need Smart Batteries?
Explosion of Smart Wearables Spurs Demand for Battery Management ICs
Battery Management in Wearable Devices: A Review
Global Electronic Wearables Shipments (In Million Units) for Years 2020, 2022, 2024 & 2026
Importance & Value Offered by Battery Fuel Gauge ICs
Robust Outlook for EVs Opens New Avenues of Growth for EV Batteries & Battery Management ICs
Growing Demand for EVs Brings Good News for Battery Management ICs: Number of EVs On Road Worldwide by Type (In Units) for the Years 2019 and 2022
High Demand for Lithium-ion Technology in Electric Vehicles Presents Opportunities for Battery Management ICs: Global Demand for Lithium-ion Batteries (In Gigawatt Hours) in Electric Vehicles for the Years 2020, 2023, 2026, 2029 & 2030
Strong Adoption of Battery Energy Storage Technologies to Drive Demand for Battery Management ICs
Global On-Grid and Off Grid Battery Energy Storage System Market (In US$ Billion) for Years 2020, 2022, 2024 & 2026

Key Report Benefits:

Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and trademarked research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

Select Companies Profiled:

Infineon Technologies
NXP Semiconductors
Analog Devices
Maxim Integrated Products
Microchip Technology
ON Semiconductor
Renesas Electronics
ROHM
Diodes
Mitsumi Electric
New Japan Radio
Dialog Semiconductor (UK) Ltd.
Monolithic Power Systems
Richtek Technology Corporation
Qorvo

Key Topics Covered:

1. MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
Battery Management ICs - Global Key Competitors Percentage Market Share in 2023 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
Importance of Batteries in the Modern World
Year 2020 Has Been a Year of Astounding Disruption & Unbelievable Transformation
COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019 to 2022
Unemployment Spike in 2020 Challenges Growth in Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2017, 2019, 2020, and 2022
The First Vaccines Are Here! Will It Change the Existing Economic Realities? & Is it Really the Silver Bullet We Were Waiting For?
How Fast the World is Vaccinated Will Determine How Soon the Pandemic Will End: Global Number of COVID-19 Vaccinations (Per 100 People) As of February 2021 by country
How Semiconductors & Electronics Are Impacted by the Pandemic & What's the New Normal?
Global Electrical & Electronics Equipment Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
Battery Management Systems & ICs - Definition, Scope & Importance
Recent Market Activity
Innovations

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

For more information about this report visit https://www.researchandmarkets.com/r/ve42qa

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