Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Balance Charger Market by Type (AC Balance Charger, DC Balance Charger), By Application (Commercial, Industrial, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Balance Charger Market by Type (AC Balance Charger, DC Balance Charger), By Application (Commercial, Industrial, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 156463 3300 Machinery & Equipment 377 247 Pages 4.6 (35)

Market Overview:

The global balance charger market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric vehicles and the growing trend of energy efficiency. Balance chargers are used to maintain a balance between the voltage and current in an electrical system, which helps in reducing power losses and improving efficiency. The global balance charger market is segmented on the basis of type, application, and region. On the basis of type, it is divided into AC balance chargers and DC balance chargers.

Global Balance Charger Industry Outlook

Product Definition:

A balance charger is a device that charges batteries in series, ensuring that each battery receives an equal charge. This is important because it helps to prevent one battery from becoming overcharged or undercharged, which can damage the battery.

AC Balance Charger:

AC balance charger is a smart way to charge electric devices. It has the ability to convert alternating current into direct current and back again while maintaining the integrity of electronic components. These chargers are used in countries where electricity supply is unstable or there are frequent power cuts.

DC Balance Charger:

A DC balance charger is a power supply device used to charge electric vehicles that uses a low-frequency alternating current to charge the vehicle battery. The charging of an electric vehicle (EV) using a DC balance charger is different from AC wall chargers as they are designed for specific types of batteries and work with high voltage levels.

DC balance chargers are mainly used in commercial places like parking lots, workplaces,.

Application Insights:

The commercial segment held the largest share of more than 60.0% in 2017. The segment is expected to witness significant growth over the forecast period owing to rising number of shopping malls, hotels and restaurants, business centers and conference rooms across countries such as China, India, U.S., Germany, France and U.K., among others. Balance chargers are used at commercial places including hotels/motels/inns, restaurants (including fast food joints), pubs/bars (with or without hotel facilities), shopping malls and resorts among others where there is a need for providing electric power for small appliances like hair dryers or curling irons etc.

Regional Analysis:

North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well. This can be attributed to increasing demand for electronic devices, growing adoption of renewable energy sources, and rising investments in smart grid development initiatives across U.S., Canada, and Mexico.

Asia Pacific balance charger market is likely to exhibit a high growth rate during the forecast period owing to increasing number of manufacturing facilities by leading players such as LG Chem Ltd., Samsung Electronics Co., Ltd.; Toshiba Corporation; Panasonic Corporation; Sanyo Electric Co Ltd.

Growth Factors:

  • Increasing demand for electric vehicles
  • Rising disposable income of consumers
  • Government initiatives to promote electric vehicles
  • Technological advancements in battery charging technology
  • Growing awareness about the benefits of using balance chargers

Scope Of The Report

Report Attributes

Report Details

Report Title

Balance Charger Market Research Report

By Type

AC Balance Charger, DC Balance Charger

By Application

Commercial, Industrial, Others

By Companies

Tenergy, HOBBYMATE, SKYRC, Keenstone, GoolRC, Venom, ISDT, HTRC, Crazepony, COOLWAS

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Balance Charger Market Report Segments:

The global Balance Charger market is segmented on the basis of:


AC Balance Charger, DC Balance Charger

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.


Commercial, Industrial, Others

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Tenergy
  3. SKYRC
  4. Keenstone
  5. GoolRC
  6. Venom
  7. ISDT
  8. HTRC
  9. Crazepony

Global Balance Charger Market Overview

Highlights of The Balance Charger Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. AC Balance Charger
    2. DC Balance Charger
  1. By Application:

    1. Commercial
    2. Industrial
    3. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Balance Charger Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Balance Charger Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

A balance charger is a device that helps to maintain the battery's equilibrium by charging and discharging it in a controlled manner. This helps to prevent over-charging and under-charging, which can damage the battery.

Some of the key players operating in the balance charger market are Tenergy, HOBBYMATE, SKYRC, Keenstone, GoolRC, Venom, ISDT, HTRC, Crazepony, COOLWAS.

The balance charger market is expected to grow at a compound annual growth rate of 6.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Balance Charger Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Balance Charger Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Balance Charger Market - Supply Chain
   4.5. Global Balance Charger Market Forecast
      4.5.1. Balance Charger Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Balance Charger Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Balance Charger Market Absolute $ Opportunity

5. Global Balance Charger Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Balance Charger Market Size and Volume Forecast by Type
      5.3.1. AC Balance Charger
      5.3.2. DC Balance Charger
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Balance Charger Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Balance Charger Market Size and Volume Forecast by Application
      6.3.1. Commercial
      6.3.2. Industrial
      6.3.3. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Balance Charger Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Balance Charger Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Balance Charger Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Balance Charger Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Balance Charger Demand Share Forecast, 2019-2026

9. North America Balance Charger Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Balance Charger Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Balance Charger Market Size and Volume Forecast by Application
      9.4.1. Commercial
      9.4.2. Industrial
      9.4.3. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Balance Charger Market Size and Volume Forecast by Type
      9.7.1. AC Balance Charger
      9.7.2. DC Balance Charger
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Balance Charger Demand Share Forecast, 2019-2026

10. Latin America Balance Charger Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Balance Charger Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Balance Charger Market Size and Volume Forecast by Application
      10.4.1. Commercial
      10.4.2. Industrial
      10.4.3. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Balance Charger Market Size and Volume Forecast by Type
      10.7.1. AC Balance Charger
      10.7.2. DC Balance Charger
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Balance Charger Demand Share Forecast, 2019-2026

11. Europe Balance Charger Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Balance Charger Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Balance Charger Market Size and Volume Forecast by Application
      11.4.1. Commercial
      11.4.2. Industrial
      11.4.3. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Balance Charger Market Size and Volume Forecast by Type
      11.7.1. AC Balance Charger
      11.7.2. DC Balance Charger
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Balance Charger Demand Share, 2019-2026

12. Asia Pacific Balance Charger Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Balance Charger Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Balance Charger Market Size and Volume Forecast by Application
      12.4.1. Commercial
      12.4.2. Industrial
      12.4.3. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Balance Charger Market Size and Volume Forecast by Type
      12.7.1. AC Balance Charger
      12.7.2. DC Balance Charger
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Balance Charger Demand Share, 2019-2026

13. Middle East & Africa Balance Charger Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Balance Charger Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Balance Charger Market Size and Volume Forecast by Application
      13.4.1. Commercial
      13.4.2. Industrial
      13.4.3. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Balance Charger Market Size and Volume Forecast by Type
      13.7.1. AC Balance Charger
      13.7.2. DC Balance Charger
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Balance Charger Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Balance Charger Market: Market Share Analysis
   14.2. Balance Charger Distributors and Customers
   14.3. Balance Charger Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Tenergy Overview Financials Developments Strategic Outlook
      14.4.2. HOBBYMATE Overview Financials Developments Strategic Outlook
      14.4.3. SKYRC Overview Financials Developments Strategic Outlook
      14.4.4. Keenstone Overview Financials Developments Strategic Outlook
      14.4.5. GoolRC Overview Financials Developments Strategic Outlook
      14.4.6. Venom Overview Financials Developments Strategic Outlook
      14.4.7. ISDT Overview Financials Developments Strategic Outlook
      14.4.8. HTRC Overview Financials Developments Strategic Outlook
      14.4.9. Crazepony Overview Financials Developments Strategic Outlook
      14.4.10. COOLWAS Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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