Lithium Battery Charger ICs Market Research Report - Global Forecast to 2030

Lithium Battery Charger ICs Market Research Report: By Charger Type (Switching Battery Chargers, Linear Battery Chargers, ¬ĶModule Battery Chargers, Pulse Battery Chargers, SMBus/I2C/SPI Controlled Battery Chargers, Buck/Boost Battery Chargers), By Appliance (Power Tools, Vacuum Cleaners, Small Appliances, Gardening Tools, Others), By End-user (Consumer Electronics, Energy & Power, Automotive, Others) - Forecast till 2030

ID: MRFR/SEM/5849-CR | 146 Pages | Published By Aarti Dhapte on February 2019         

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Lithium Battery Charger ICs Market

Lithium Battery Charger ICs Market is expected to touch a valuation of USD 36 Billion by 2030, registering a 22.2% CAGR over the forecast period (2020-2030)

Segmentation
By Charger Type Switching Battery Chargers Linear Battery Chargers Pulse Battery Chargers
By Appliance Power Tools Vacuum Cleaners Small Appliances Gardening Tools
By End-user Consumer Electronics Energy & Power Automotive
By Region North America Asia-Pacific Europe Rest of the World
Key Players
Companies Profiled   STMicroelectronics NV (Switzerland)    Vishay Intertechnology Inc. (US)    Microchip Technology Inc (US)    TOREX Semiconductor Ltd. (Japan)    ROHM Company Ltd (Japan)    Future Technology Devices International (FTDI) Chip (UK)    ON Semiconductor Corporation (US)    Diodes Incorporated (US)    Intersil Corporation (US)    Active-Semi Inc. (US)    Monolithic Power Systems Inc (US)    Shanghai Nanxin Semiconductor Technology Co. Ltd. (China)
Drivers
Market Driving Forces   Rising Uses of Lithium-ion Battery to Bolster Growth    Rise in Consumer Electronics Sector to Present Robust Opportunities
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Market Overview


Global Lithium Battery Charger ICs Market is expected to touch a valuation of USD 36 Billion by 2030, registering a 22.2% CAGR over the forecast period (2020-2030).


Lithium battery charger ICs can support three times faster charging than other products available in the market while also delivering significantly longer battery life. The IC architecture can charge the battery cells with high accuracy and efficiency, regardless of whether the voltage from the charging cable or wireless charging pad is higher or lower than the final voltage of the battery. 


The IC chips also integrate the power path management that can handle more power than other battery chargers in a smaller package. The uses of ICs in battery management ensure boosted battery life and space-saving inside smartphones, consumer electronics, and other devices. Resultantly, lithium battery charger ICs are increasingly used in smart electronics devices.


COVID-19 Analysis


The COVID-19 outbreak has resulted in the closing down of several IC charger lithium battery manufacturing facilities across the globe, causing huge revenue losses in end-use industries like consumer electronics, energy & power, automotive, and others. The coronavirus-driven lockdown halted the production of several key raw materials in the global market, which resulted in spiking prices of lithium battery charger ICs.


However, the market is again gearing up with the lockdown limitations, getting relaxed with time. Innovative industry players actively started to look for increasing application areas of lithium battery charger ICs in monitoring and tracking devices developed for the COVID 19 treatment. The product demand in end-use sectors could pick up following the uplift of the lockdown in numerous countries.


Market Dynamics 


Drivers



  • Rising Uses of Lithium-ion Battery to Bolster Growth


Lithium-ion batteries are rechargeable and have a great life cycle with a high energy density, required to provide better performance and higher reliability. The lithium-ion battery serves as a great option for the new devices emerging in the market, which run on a portable power source. Resultantly, lithium-ion batteries are extensively used in various appliances and electronics required in energy & power, automotive, other sectors. The extensive demand from the consumer electronics and automotive sectors allows the lithium battery charger ICs market share to grow significantly. 


Opportunities



  • Rise in Consumer Electronics Sector to Present Robust Opportunities


The global market of lithium-ion batteries has experienced tremendous growth over the past decade. This trend, in turn, is projected to allow the lithium-ion battery charger ICs market to exponentially accrue further. The lithium battery charger ICs market size is also boosted by the expanding demand for smart devices and other consumer electronic products. Besides, the emergence of electric and hybrid electric vehicles induces the lithium battery charger ICs market demand. 


Restraints



  • Strict Environmental Regulations to Restrain Market Growth


 Lithium batteries use cathodes with nickel and cobalt, as well as solvent-based electrode processing, which has the highest environmental impacts. These include global warming, ecological toxicity, resource depletion, and human health impacts. The toxicity impacts of lithium cause adverse respiratory, pulmonary, and neurological effects in those exposed.


The introduction of strict environmental norms in several countries could restrain the ongoing market growth, affecting the sales and consumption of lithium battery charger ICs in the coming years. 


Challenges



  • Overheating and Thermal Stability Concerns to Challenge Players


Concerns about overheating and thermal stability of Li-ion batteries can pose a challenge to market growth. 


Cumulative Growth Analysis



  • Market Size to Expand at a Strong Rate¬†


The rising adoption of robots across the industrial sector is projected to favor the lithium battery charger ICs market. Also, the adoption of automated processes to expedite production in manufacturing and other sectors would propel the growth of the market. Moreover, the rise in disposable income among consumers is expected to positively impact the lithium battery charger ICs industry growth.


Segment Overview 



  • Switching Battery Chargers to Witness Significant Demand¬†


Lithium Battery Charger ICs Market is segmented into Four Dynamics; Charger Type, Appliance, End-User, and Region. 


By charger type, the switching battery chargers segment dominated the market share, accounting for a value of USD 3.37 billion in 2017. Switching battery chargers are well-known for their rapid charging capacity, offering a unique combination of switching frequency, circuit layout, and component selection that can reduce electrical noise. 


Resultantly, switching battery chargers are extensively used in multi-cell and high-power batteries designed for smartphones, notebooks, and tablets. The segment is projected to accrue USD 9,279.3 million for the market by 2023. On the other hand, the SMBus/I2C/SPI controlled battery chargers segment is expected to reach USD 3,168.7 million by 2023, growing at 25.66% CAGR over the forecast period.



  • Small Appliances segment takes the Lead


By appliances, the small appliances segment dominated the market with a valuation of USD 4.05 billion in 2017. The segment I anticipated to generate revenue close to USD 10,550.8 million by 2023, heading with the increasing use of battery chargers in mobile phones, power banks, and digital cameras. On the other hand, the gardening tools segment is forecasted to grow at 24.30% CAGR over the predicted period. Increasing uses of gardening tools for maintenance of lawns and gardens spurs the segment growth. 



  • Consumer Electronics is the Largest End-User Segment¬†


By end-user, the consumer electronics segment dominates the lithium battery charger ICs market. In 2017, the segment valued at USD 5.62 billion due to the rising use of charger ICs in the consumer electronics sector. The consumer electronics segment is estimated to create a value of USD 15,570.5 million by 2023, with a 19.93% CAGR heading with the increasing adoption of electronics products.


On the other hand, the automotive segment is likely to grow at 23.72% CAGR during the assessment period. Emergence of electric, hybrid, and plug-in hybrid vehicles facilitates segment growth.


Regional Analysis



  • North America to Maintain its Winning Streak¬†


North America has remained the market leader since 2017 and could continue to maintain its winning streak throughout the assessment period. Factors such as the augmenting demand for Li-ion batteries in smartphones and other consumer electronic devices increase the consumption and sales of lithium-ion battery charger ICs in the region. North American lithium battery charger ICs market size reached USD 4.10 billion in 2017, which is expected to increase to USD 12,225.9 million by 2023, registering a 21.32% CAGR over the forecast period.



  • Europe Holds Second Highest Share in Global Market¬†


Europe held the second biggest share in the global market, accounting for USD 1.79 billion revenues in 2017. The lithium battery charger ICs market growth in Europe is expected to exhibit a 17.89% CAGR during the assessment period. Factors such as the rising clean energy generation and focus on reducing the dependence on fossil fuels are likely to accelerate the lithium battery charger ICs market share in the region. 


The increasing development of electric and hybrid vehicles in the region drives the lithium battery charger ICs market demand. Germany is expected to be the biggest market for IC charger lithium batteries in the region. The European lithium battery charger ICs market can accrue close to USD 978.87 million by 2023, heading with the presence of various automotive behemoths.



  • APAC Accounts for a Considerable Market Share


The APAC region also holds a considerable share in the global market. Factors such as the inclination towards the development of renewable energy projects and the presence of noteworthy players accelerate the lithium battery charger ICs market growth in the region. Additionally, investments by semiconductor companies to enhance the charging capacities of Li-ion batteries increase the size of the regional market. The APAC lithium battery charger ICs market is projected to grow at 23.11% CAGR.


Competitive Landscape



  • Players Focus on Product Development & Expansion Plans


The worldwide lithium battery charger ICs market appears extremely fragmented, considering the presence of well-established manufacturers and distributors. They seek opportunities to integrate across the extensive value chain while focusing on R&D investments, production facility expansion, and M&A activities to gain impetus. New ICs manufacturers enter the market with aggressive pricing to undercut the established providers and gain footholds in international markets. 


STMicroelectronics NV is a well-reputed company in the lithium battery charger ICs industry. STM designs, develops, manufactures, and markets semiconductor integrated circuits and discrete devices used in the telecommunications, consumer electronics, automotive, computer, and industrial sectors. The company has a geographical presence in North America, Europe, and the Asia Pacific region.


List of Key Companies 



  • STMicroelectronics NV (Switzerland)

  • Vishay Intertechnology Inc. (US)

  • Microchip Technology Inc (US)

  • TOREX Semiconductor Ltd. (Japan)

  • ROHM Company Ltd (Japan)

  • Future Technology Devices International (FTDI) Chip (UK)

  • ON Semiconductor Corporation (US)

  • Diodes Incorporated (US)

  • Intersil Corporation (US)

  • Active-Semi Inc. (US)

  • Monolithic Power Systems Inc (US)

  • Shanghai Nanxin Semiconductor Technology Co. Ltd. (China)

  • Texas Instruments Inc. (US)

  • Richtek Technology Corporation (Taiwan)

  • Analog Devices Inc. (US)

  • Integrated Device Technologies Inc. (US)

  • NXP Semiconductors NV (The Netherlands)

  • Toshiba Corporation (Japan)

  • Maxim Integrated (US)

  • New Japan Radio Co. Ltd. (Japan)

  • Silergy Corporation (China)

  • Holtek Semiconductors Inc. (China)¬†


Recent Developments



  • November 18, 2020 ‚Äď Maxim Integrated Products, Inc., launched Industry's First Li+ Fuel Gauge IC - MAX17320 featuring continuous internal self-discharge monitoring and protection. MAX17320 extends run-time on multi-cell battery-powered products while also monitoring against self-discharge hazards. MAX17320 2 to 4 series cell Li-ion fuel gauge IC is the industry's first to monitor self-discharge during operation while extending battery life with the highest accuracy and lowest quiescent current

  • March 02, 2020 ‚Äď ON Semiconductor introduced an adaptive charging controller for USB PD 3.0. The FAN6390MPX incorporates an autonomous USB PD state machine to comply with the USB PD 3.0 specification. The new Programmable Power Supply (PPS) controllers allow for control of currents and voltages ranging from 1 A to 3 A and 3.3 V to 21 V. These devices would enable OEMs to meet a wide range of applications and power levels.


Report Overview 


The report features unique and relevant factors expected to significantly impact the lithium battery charger ICs market during the forecast period. The detailed and considerable amount of information in the report would help industry players understanding the market better. The MRFR report elaborates on the historical and current trends boosting the lithium battery charger ICs market growth. 


Besides, the analysis of COVID-19 impact on the lithium battery charger ICs industry is also included in the report. Regional assessment explained in this report unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling in the region enables users to evaluate company shares analysis, emerging product lines, the scope of the product in new markets, pricing strategies, innovation possibilities, and much more.


Segmentation Table


By Charger Type



  • Switching Battery Chargers

  • Linear Battery Chargers

  • ¬ĶModule Battery Chargers

  • Pulse Battery Chargers

  • SMBus/I2C/SPI Controlled Battery Chargers

  • Buck/Boost Battery Chargers


By Appliance



  • Power Tools

  • Vacuum Cleaners

  • Small Appliances

  • Gardening Tools

  • Others


By End-user



  • Consumer Electronics

  • Energy & Power

  • Automotive

  • Others


By Region



  • North America

  • Europe

  • Asia Pacific

  • Rest of the World (RoW)



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 36 Billion
  CAGR   22.2%
  Base Year   2019
  Forecast Period   2020-2030
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Charger Type, Appliance, End-user and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   STMicroelectronics NV (Switzerland), Vishay Intertechnology Inc. (US), Microchip Technology Inc (US), TOREX Semiconductor Ltd. (Japan), ROHM Company Ltd (Japan), Future Technology Devices International (FTDI) Chip (UK), ON Semiconductor Corporation (US), Diodes Incorporated (US), Intersil Corporation (US), Active-Semi Inc. (US), Monolithic Power Systems Inc (US) and Shanghai Nanxin Semiconductor Technology Co. Ltd. (China),
  Key Market Opportunities   Rise in Consumer Electronics Sector to Present Robust Opportunities
  Key Market Drivers   Rising Uses of Lithium-ion Battery to Bolster Growth


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Frequently Asked Questions (FAQ) :

Energy & Power, Consumer Electronics, Automotive, are some of the main end-users in the global market.

Mounting demand for smart devices as well as other consumer electronic products and emergence of electric and hybrid vehicles can expand the market volume by 2030.

Surging concerns with regard to overheating as well as thermal stability of Li-ion batteries can be few primary challenges that the market can face in the coming years.

Asia Pacific can showcase the highest growth rate in the upcoming years.

Lithium battery charger ICs help control the voltage and facilitate the device safety by preventing it from crossing the expected threshold voltage.

Types of chargers analyzed in the report are pulse battery chargers, switching battery chargers, ¬ĶModule battery chargers and buck/boost battery chargers, SMBus/I2C/SPI controlled battery chargers, linear battery chargers, among others.

The projections in the report are that the market value by 2030 can be USD 36 Billion.