Market Overview:
The global battery balancer market is expected to grow at a CAGR of XX% 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 awareness about battery health. The global battery balancer market can be segmented on the basis of type into dynamic type and static type. The dynamic type is expected to grow at a higher CAGR than the static type during the forecast period from 2018 to 2030. This can be attributed to its ability to balance batteries in real-time, which helps improve their performance and life cycle. On the basis of application, the global battery balancer market can be segmented into lithium battery, lead-acid battery, NI-MH Battery and others (including nickel cadmium batteries). The lithium ion segment is expected grow at a higher CAGR than other segments duringthe forecast period from 2018to2030 owingtoits high adoption in electric vehiclesand portable devices.
Product Definition:
A battery balancer is a device used to equalize the charge level of cells in a battery pack. This is important because as batteries discharge, the cells in the pack become unbalanced. This can cause some cells to over-discharge, which can lead to permanent damage. A battery balancer helps keep all of the cells in a pack at an equal charge level, prolonging the life of the batteries.
Dynamic Type:
Dynamic type is a feature that allows the display of different types of text in an app according to the device on which it is being viewed. The most common use for dynamic type is in emails, where the subject line can vary based on who's emailing you and what they're asking about. Dynamic text also helps improve readability by ensuring that all relevant information is displayed at a quick glance.
Static Type:
The static type is a form of verification that helps in ensuring the absence of runtime errors. It does this by establishing a connection between the computer program and its corresponding source code file. The presence or absence of an error in the former will automatically trigger an error message in the latter, which can be used to locate and fix any problem areas found during development.
Application Insights:
The others application segment accounted for the largest market share in 2017 and is expected to witness significant growth over the forecast period. The growing demand for lithium batteries in various applications, such as consumer electronics, renewable energy storage systems and electric vehicles, is anticipated to drive the global battery balancer market.
Lithium-ion batteries are used in several applications owing to their high energy density and ability to store large amounts of electricity per unit of weight or volume. They are widely used as a power source for portable devices including smartphones and laptops across the globe due largely to their lightweight properties that make them easy handling products with higher capacity requirements from consumers globally.
Regional Analysis:
The market in Asia Pacific is expected to grow at the highest rate over the forecast period. The growth can be attributed to increasing demand for portable devices, such as smartphones and laptops, along with growing manufacturing sector in countries such as China and India. Furthermore, rising number of data centers in these countries due to increased adoption of cloud computing is anticipated to drive the regional market further.
Europe accounted for a significant share owing to high penetration of electric vehicles in major economies including Germany and France. Moreover, presence of prominent players operating across various end-use verticals including oil & gas; healthcare; defense & aerospace; IT & telecom has contributed significantly towards revenue generation within this region.
Growth Factors:
- Increasing demand for electric vehicles
- Growing awareness about the benefits of battery balancer
- Rising number of installations in automotive and industrial applications
- Technological advancements in battery balancer products
- Growing demand from developing countries
Scope Of The Report
Report Attributes
Report Details
Report Title
Battery Balancer Market Research Report
By Type
Dynamic Type, Static Type
By Application
Lithium Battery, Lead-Acid Battery, NI-MH Battery, Others
By Companies
Analog Devices, Victron Energy, Texas Instruments, KiloVault, OKW Electronics, ZHCSolar, Powersolid, Rich Electric, Huaxiao Tech, Yxzkj
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
186
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Battery Balancer Market Report Segments:
The global Battery Balancer market is segmented on the basis of:
Types
Dynamic Type, Static Type
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.
Applications
Lithium Battery, Lead-Acid Battery, NI-MH Battery, 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:
- Analog Devices
- Victron Energy
- Texas Instruments
- KiloVault
- OKW Electronics
- ZHCSolar
- Powersolid
- Rich Electric
- Huaxiao Tech
- Yxzkj
Highlights of The Battery Balancer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Dynamic Type
- Static Type
- By Application:
- Lithium Battery
- Lead-Acid Battery
- NI-MH Battery
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Battery Balancer 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
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A battery balancer is a device that helps to distribute the load of multiple batteries across different cells in a battery pack. This can help to prevent one cell from becoming over-charged or under-charged, and can also help to improve the lifespan of the batteries.
Some of the major companies in the battery balancer market are Analog Devices, Victron Energy, Texas Instruments, KiloVault, OKW Electronics, ZHCSolar, Powersolid, Rich Electric, Huaxiao Tech, Yxzkj.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Battery Balancer Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Battery Balancer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Battery Balancer Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Battery Balancer Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Battery Balancer Market Size & Forecast, 2020-2028
4.5.1 Battery Balancer Market Size and Y-o-Y Growth
4.5.2 Battery Balancer Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Dynamic Type
5.2.2 Static Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Lithium Battery
6.2.2 Lead-Acid Battery
6.2.3 NI-MH Battery
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Battery Balancer Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Battery Balancer Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Dynamic Type
9.6.2 Static Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Lithium Battery
9.10.2 Lead-Acid Battery
9.10.3 NI-MH Battery
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Dynamic Type
10.6.2 Static Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Lithium Battery
10.10.2 Lead-Acid Battery
10.10.3 NI-MH Battery
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Dynamic Type
11.6.2 Static Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Lithium Battery
11.10.2 Lead-Acid Battery
11.10.3 NI-MH Battery
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Dynamic Type
12.6.2 Static Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Lithium Battery
12.10.2 Lead-Acid Battery
12.10.3 NI-MH Battery
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Dynamic Type
13.6.2 Static Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Lithium Battery
13.10.2 Lead-Acid Battery
13.10.3 NI-MH Battery
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Battery Balancer Market: Competitive Dashboard
14.2 Global Battery Balancer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Analog Devices
14.3.2 Victron Energy
14.3.3 Texas Instruments
14.3.4 KiloVault
14.3.5 OKW Electronics
14.3.6 ZHCSolar
14.3.7 Powersolid
14.3.8 Rich Electric
14.3.9 Huaxiao Tech
14.3.10 Yxzkj
