Portable Rechargeable Batteries Power Up Battery Chargers Market - Global Sales to Reach $10.6 Billion by 2010, According to New Report by Global Industry Analysts, Inc.
World battery chargers market is poised to garner 1.6 billion units worth US$10.6 billion by 2010. Booming mobile phones and laptops sales and the resultant demand for portable rechargeable batteries continue to drive global battery chargers market.
San Jose, CA (PRWEB) July 23, 2007
Battery chargers market worldwide is lively and technology-savvy. The market has managed to keep pace with the velocity with drifts in the changing automotive, industrial, information technology, telecommunications, and consumer electronics end-use markets worldwide. The evolution of innovations and ideas in this sector is leading to the launch of smart, compact, and fast chargers into the market.
Global battery chargers market is witnessing robust growth in terms of both volume and value. The market is primarily driven by safety and emergency coupled with innovative technology in battery charging and strong demand for portable rechargeable batteries. All the countries/regions are likely to see healthy growth in the coming years. Europe represents the largest market, accounting for 27% of the global demand in 2006, as stated by Global Industry Analysts, Inc. United States closely follows Europe, with market value of US$2 billion. Asia-Pacific represents the most potential market, projected to register a CAGR of 11%.
Telecommunications battery chargers market (http://www. strategyr. com/MCP-1493.asp), estimated at US$2.6 billion, and information technology battery chargers market (http://www. strategyr. com/MCP-1493.asp), estimated at US$2.2 billion, represent the leading as well as fast growing segments in the global battery chargers market. Huge demand for mobile phones and increasing subscriber base for mobile services continues to drive the market for chargers in the telecommunications segment. Worldwide demand for laptops and notebooks by professionals in various fields is steering the growth in the information technology segment.
Price is the other key factor that drives battery chargers market. Price may increase due to shortage of raw material supplies and increase in production costs of chargers. Manufacturers have to manage their cost factor efficiently to survive in the market. Intense competition in the charger market is encouraging charger manufacturers to set up their production and assembling units in other economical countries/regions to reduce production costs, labor problems, and to tackle competition from various other battery charger manufacturers. Several charger-manufacturing companies outsource battery charger production to other manufacturers to curtail overhead costs and to maintain desired profit levels. In developing countries, there is a huge demand for low priced chargers compared to superior chargers, which cost more.
Key players in the worldwide battery chargers market include Ametek, Inc., Anoma (North America) Corp, Anam Instruments, Inc., Associated Equipment Corporation, Astec Electron (Luoding) Co. Ltd., Best Wisdom Industrial (Shenzhen) Co. Ltd, Cincon Electronics Co. Ltd, Exide Technologies, Energizer Holdings, Ferro Magnetics Corporation, Friwo Group, HindlePower, Inc, Hop Wo Enterprise Limited, Hotronic Ltd, Hualitong Electronics Co, Jeckson Electric Co Ltd, KingSum, Kolvin Industries Ltd, Kussmaul Electronic Co., Lester Electrical, Midtronics, Inc., Minwa Electronics Co. Ltd, Mitsumi Electronic Corporation, Moltech Power Systems, Motor Appliance Corporation, Panasonic Corporation of North America, Phihong Enterprise, Powerbase Industrial, RHY Electronic Co, Ltd, Saft Nife, Salcomp Oy, Samsung, Sanyo Energy, Scud (Fujian) Co., Ltd, Schumacher Electric Corporation, Shenzhen SoonLeader Electronics Co, Shenzhen Maoxin Technology Co. Ltd, Shenzhen All-Round Electronic Co. Ltd., Shenzhen Tenwei Electronics Co. Ltd, Shine In Technology Co. Ltd, Shun Shing Standard Corporation Development Ltd, Spectrum Brands, Inc., ToCAD America, Times Telecom Ltd, Uniross Batteries Corporation, Vouch Tech Industries Limited, and Yuasa Battery Inc.
The report titled "Battery Chargers: A Global Strategic Business Report" published by Global Industry Analysts, Inc., offers comprehensive insights into the economic fundamentals of the industry, and highlights noteworthy market drivers, challenges, trends, in addition to outlining the changing competitive landscape. End-use verticals analyzed include Automotive, Industrial, Information Technology, Telecommunications, and Consumer Products.
For more details about this research report, please visit http://www. strategyr. com/MCP-1493.asp (http://www. strategyr. com/MCP-1493.asp).
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (http://www. strategyr. com) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.
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