August 7, 2020

Battery Fuel Gauges Market - Global Demand, Sales, Consumption and Forecasts to 2027

Battery Fuel Gauges: Introduction

  • A battery fuel gauge helps predict the status of health and state of charge of batteries. In other words, it helps determine how long a battery would continue to work under specific operating conditions.
  • A battery fuel gauge is composed of an integrated hardware protection and second-level protection against permanent failure
  • Battery fuel gauges are useful in various single-cell as well as multiple-cell battery packs of laptops, power tools, smartphones, notebooks, and energy storage systems.
  • Moreover, they are also useful for higher-voltage batteries

Key Drivers of Global Battery Fuel Gauges Market

  • The global battery fuel gauges market is expected to expand significantly during the forecast period, owing to increasing demand for battery fuel gauges for use in several applications in the renewable energy sector
  • Moreover, battery fuel gauges are increasingly being used in solar and wind applications on offshore oil and gas platforms
  • Companies operating in the global battery fuel gauges market are investing to expand their product portfolios as well as their distribution networks. They have adopted strategies such as mergers and acquisitions, development of new products, joint ventures, and expansions to cater to the increasing demand for battery fuel gauges in different regions.

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Consume Electronics Segment to Witness Attractive Opportunities

  • Battery fuel gauges are increasingly being used in the consumer electronics industry to determine the battery state-of-charge of various consumer electronics products
  • Moreover, battery fuel gauges are useful in batteries of smartphones, MPOS (mobile point-of-sale), smart watches, tablets, portable game players, augmented reality (AR) and virtual reality (AR) glasses, health and fitness monitors, power tools, and toys. This is expected to drive the global battery fuel gauges market during the forecast period.
  • Moreover, leading manufacturers of battery fuel gauges are planning to increase investments in the research and development of advanced battery fuel gauges. This factor is also expected to drive the demand for battery fuel gauges during the forecast period.

Periodic Calibration of Battery Fuel Gauges

  • Battery fuel gauges need periodic calibration in order to track any error developed due to repeated cycles of charging and discharging. This is expected to limit the usage of battery fuel gauges in several applications during the forecast period.
  • However, the recent research and development of new battery fuel gauges is expected to boost the global battery fuel gauges market during the forecast period

Asia Pacific to Hold a Major Share of Global Battery Fuel Gauges Market

  • Asia Pacific is a leading region of the global battery fuel gauges market, followed by Europe and North America
  • China, Japan, and India are key markets for battery fuel gauges in Asia Pacific. In terms of demand, these countries account for a major share of the market in the region.
  • Increase in the demand for battery fuel gauges in Asia Pacific can be attributed to increasing demand for consumer electronics products led by increasing purchasing power of people in the region
  • In addition to this, the demand for battery fuel gauges is expected to increase from the healthcare & fitness industry in Asia Pacific in the near future. This is expected to augment the market in the region during the forecast period.

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Key Players Operating in Global Market

The global battery fuel gauges market is highly concentrated, with the top manufacturers accounting for approximately 25%–35% of the market share. A few of the key players operating in the global battery fuel gauges market are:

  • Texas Instruments Incorporated
  • ON Semiconductor
  • Maxim Integrated
  • Microchip Technology Inc.
  • At Battery Company, Inc.
  • LiTech Power Co., Ltd.
  • Cadex Electronics
  • Voltaplex Energy
  • Analog Devices, Inc.
  • STMicroelectronics

Global Battery Fuel Gauges Market: Research Scope

Global Battery Fuel Gauges Market, by Gauge Location

  • Inside
  • Outside

Global Battery Fuel Gauges Market, by Cell Count

  • Single Cell
  • 2–4 Cells
  • More than 4 Cells
  • Others

Global Battery Fuel Gauges Market, by Cell Chemistry

  • Lithium-based
  • Non-rechargeable
  • Others

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market