The Global Battery Charging IC Market was valued at $7.7 billion in 2023, and is projected to reach $17.0 billion by 2032, growing at a CAGR of 9.2% from 2024 to 2032.
A battery charger IC, or integrated circuit, is a semiconductor device designed to regulate and control the charging of rechargeable batteries. This chip is commonly found in portable electronic devices such as smartphones, tablets, and laptops, where reliable power is essential. The main function of a battery charger IC is to regulate the flow of current from an external power source, such as a wall adapter or USB port, to the battery being charged. The charging process consists of multiple stages, including initial current, constant voltage, and trickle charging. The battery charger IC carefully monitors and controls each stage to ensure safe and efficient charging.
The growth of the battery charging IC market is driven by supportive government measures, such as renewable energy subsidies and carbon pricing. These incentives and regulations create a favorable environment for the market by encouraging businesses and consumers to adopt renewable energy solutions. Furthermore, carbon pricing initiatives incentivize the adoption of energy-efficient technologies such as battery charging ICs by imposing costs on carbon emissions, pushing organizations to seek cleaner energy alternatives. Therefore, supportive government policies accelerate the transition toward sustainable energy and stimulate market growth for battery charging ICs, contributing to a greener and more efficient energy ecosystem.
However, technical limitations, such as charging speed, efficiency, and heat management, hinder the growth of the market. Slow charging speeds inconvenience users, making electric solutions less appealing compared to traditional counterparts. Contrarily, rise in demand for electric vehicles (EVs) and hybrid electric vehicles drives the market growth. As the global automotive industry transitions toward electrification, there is a rising demand for efficient charging solutions to power EV batteries. Battery charging ICs play a crucial role in managing the charging process, ensuring safety, efficiency, and battery longevity. The sale of electric cars raised to 2 million in the first quarter of 2022, which is 75% of the same quarter of 2021. These vehicles are dependent on rechargeable batteries, thus creating demand for battery charging IC.
Segmentation Overview
The battery charging IC market is segmented into product type, end user, and region. Depending on product type, the market is classified into linear battery chargers, switching battery chargers, module battery chargers, pulse battery chargers, SMBus/I2C/SPI controlled battery chargers, buck/boost battery chargers, Li-Ion/Li-polymer battery, lead acid battery, and others. By end user, it is categorized into consumer electronics, energy and power, automotive, and others. Region wise, the market is analyzed across Latin America, Asia-Pacific, Europe, Middle East and Africa, and North America.
Key Findings
Depending on product type, the Li-Ion/Li-polymer battery segment accounted for maximum of share in 2023.
By end user, the consumer electronics segment held the highest share in the market in 2023.
Region wise, Asia-Pacific dominated the battery charging IC market in 2023.
Competitive Scenario
The major battery charging IC manufacturers are Texas Instruments Incorporated, NXP Semiconductors, Analog Devices, Renesas Electronics Corporation, Toshiba Corporation, Vishay, STMicroelectronics, Microchip Technology, Maxim Integrated, and ON Semiconductor. Other players in the industry include Diodes Incorporated, Rohm Co, Ltd., and Torex Semiconductor Ltd. These players have adopted several strategies, including mergers & acquisitions, new product development & innovation, partnerships, and collaborations, to maintain their foothold in the market.
A battery charger IC, or integrated circuit, is a semiconductor device designed to regulate and control the charging of rechargeable batteries. This chip is commonly found in portable electronic devices such as smartphones, tablets, and laptops, where reliable power is essential. The main function of a battery charger IC is to regulate the flow of current from an external power source, such as a wall adapter or USB port, to the battery being charged. The charging process consists of multiple stages, including initial current, constant voltage, and trickle charging. The battery charger IC carefully monitors and controls each stage to ensure safe and efficient charging.
The growth of the battery charging IC market is driven by supportive government measures, such as renewable energy subsidies and carbon pricing. These incentives and regulations create a favorable environment for the market by encouraging businesses and consumers to adopt renewable energy solutions. Furthermore, carbon pricing initiatives incentivize the adoption of energy-efficient technologies such as battery charging ICs by imposing costs on carbon emissions, pushing organizations to seek cleaner energy alternatives. Therefore, supportive government policies accelerate the transition toward sustainable energy and stimulate market growth for battery charging ICs, contributing to a greener and more efficient energy ecosystem.
However, technical limitations, such as charging speed, efficiency, and heat management, hinder the growth of the market. Slow charging speeds inconvenience users, making electric solutions less appealing compared to traditional counterparts. Contrarily, rise in demand for electric vehicles (EVs) and hybrid electric vehicles drives the market growth. As the global automotive industry transitions toward electrification, there is a rising demand for efficient charging solutions to power EV batteries. Battery charging ICs play a crucial role in managing the charging process, ensuring safety, efficiency, and battery longevity. The sale of electric cars raised to 2 million in the first quarter of 2022, which is 75% of the same quarter of 2021. These vehicles are dependent on rechargeable batteries, thus creating demand for battery charging IC.
Segmentation Overview
The battery charging IC market is segmented into product type, end user, and region. Depending on product type, the market is classified into linear battery chargers, switching battery chargers, module battery chargers, pulse battery chargers, SMBus/I2C/SPI controlled battery chargers, buck/boost battery chargers, Li-Ion/Li-polymer battery, lead acid battery, and others. By end user, it is categorized into consumer electronics, energy and power, automotive, and others. Region wise, the market is analyzed across Latin America, Asia-Pacific, Europe, Middle East and Africa, and North America.
Key Findings
Depending on product type, the Li-Ion/Li-polymer battery segment accounted for maximum of share in 2023.
By end user, the consumer electronics segment held the highest share in the market in 2023.
Region wise, Asia-Pacific dominated the battery charging IC market in 2023.
Competitive Scenario
The major battery charging IC manufacturers are Texas Instruments Incorporated, NXP Semiconductors, Analog Devices, Renesas Electronics Corporation, Toshiba Corporation, Vishay, STMicroelectronics, Microchip Technology, Maxim Integrated, and ON Semiconductor. Other players in the industry include Diodes Incorporated, Rohm Co, Ltd., and Torex Semiconductor Ltd. These players have adopted several strategies, including mergers & acquisitions, new product development & innovation, partnerships, and collaborations, to maintain their foothold in the market.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
- Go To Market Strategy
- Regulatory Guidelines
Key Market Segments
By Product Type
- Linear Battery Chargers
- Switching Battery Chargers
- Module Battery Chargers
- Pulse Battery Chargers
- SMBus/I2C/SPI Controlled Battery Chargers
- Buck/Boost Battery Chargers
- Li-Ion/Li-Polymer Battery
- Lead Acid Battery
- Others
By End User
- Consumer Electronics
- Energy and Power
- Automotive
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Texas Instruments Incorporated
- NXP Semiconductors
- Analog Devices
- Renesas Electronics Corporation
- Toshiba Corporation
- Vishay
- STMicroelectronics
- Microchip Technology
- Maxim Integrated
- ON Semiconductor
Please note:
- Online Access price format is valid for 60 days access. Printing is not enabled.
- PDF Single and Enterprise price formats enable printing.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET LANDSCAPE
CHAPTER 4: BATTERY CHARGING IC MARKET, BY PRODUCT TYPE
CHAPTER 5: BATTERY CHARGING IC MARKET, BY END USER
CHAPTER 6: BATTERY CHARGING IC MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Companies Mentioned
Key Market Players in the Battery Charging IC Market include:- Texas Instruments Incorporated
- NXP Semiconductors
- Analog Devices
- Renesas Electronics Corporation
- Toshiba Corporation
- Vishay
- STMicroelectronics
- Microchip Technology
- Maxim Integrated
- ON Semiconductor
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | June 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 7.7 billion |
| Forecasted Market Value ( USD | $ 17 billion |
| Compound Annual Growth Rate | 9.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
