Dublin, March 17, 2023 (GLOBE NEWSWIRE) -- The "Battery Management ICs: Global Strategic Business Report" 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 a 5.4% CAGR and reach US$5.7 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Battery Charger ICs segment is readjusted to a revised 4.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 5.9% CAGR
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.
Select Competitors (Total 26 Featured) -
- Analog Devices, Inc.
- Maxim Integrated Products, Inc.
- Microchip Technology Inc.
- NXP Semiconductors N.V.
- Renesas Electronics Corporation
- Richtek Technology Corporation
- Rohm Co., Ltd.
- Semiconductor Components Industries, LLC
- Semtech Corporation
- Skyworks Solutions, Inc.
- STMicroelectronics N.V.
- Texas Instruments Incorporated
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 251 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $7.5 Billion |
| Forecasted Market Value (USD) by 2030 | $10.9 Billion |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Battery Management ICs - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Importance of Batteries in the Modern World
- Year 2020 Has Been a Year of Astounding Disruption & Unbelievable Transformation
- COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019 to 2022
- Unemployment Spike in 2020 Challenges Growth in Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2017, 2019, 2020, and 2022
- The First Vaccines Are Here! Will It Change the Existing Economic Realities? & Is it Really the Silver Bullet We Were Waiting For?
- How Fast the World is Vaccinated Will Determine How Soon the Pandemic Will End: Global Number of COVID-19 Vaccinations (Per 100 People) As of February 2021 by country
- How Semiconductors & Electronics Are Impacted by the Pandemic & What's the New Normal?
- Global Electrical & Electronics Equipment Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
- Battery Management Systems & ICs - Definition, Scope & Importance
- Recent Market Activity
- Innovations
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Growing Demand for Mobile Computing Devices Provides the Foundation for Growth of Battery Management ICs in the Consumer Electronics Market
- Why Rechargeable-Battery Power Management Demands Multiple ICs
- Battery Management ICs Extend Battery Life for Portable Devices
- Battery Powered Consumer Electronics to Spur Demand for Battery Management ICs: Global Market for Consumer Electronics (In US$ 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
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/m2idgd
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