Market Overview:
The global lithium battery charger ICs market is estimated to garner nearly USD 34.45 billion by 2023, states Market Research Future (MRFR) in its latest report. It can experience 21.11% CAGR over the forecast period (2018-2023) owing to the increasing need for Li-ion batteries in smartphones and other consumer electronic devices. Popularity of wearables, hearing aids, and health diagnostic products are likely to induce the need for charger ICs which can prolong battery life.
Developments in solar-enabled lithium chargers are likely to offer up new growth avenues for the market. The Lithium Battery Charger Ics Market will capitalize on the need for renewable energy sources on the back of policies denoting the reduced dependence of fossil fuels. The industrial 4.0 revolution which encompasses industrial internet of things and connected devices is expected to be a major disruptor of the market. Use of collaborative robots in factories and industries to expedite processes and workflows is likely to facilitate market growth.
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Key Players
Eminent names in the lithium battery charger ICs market are Integrated Device Technologies Inc. (U.S.), ON Semiconductor Corporation (U.S.), ROHM Company Ltd. (Japan), Toshiba Corporation (Japan), New Japan Radio Co., Ltd. (Japan), Texas Instruments Inc. (U.S.), Maxim Integrated (U.S.), Monolithic Power Systems, Inc. (U.S.), Future Technology Devices International (FTDI) Chip (U.K.), Microchip Technology Inc. (U.S.), Analog Devices Inc. (U.S.), Holtek Semiconductors Inc. (China), Richtek Technology Corporation (Taiwan), NXP Semiconductors N.V. (The Netherlands), Shanghai Nanxin Semiconductor Technology Co. Ltd. (China), Silergy Corporation (China), Vishay Intertechnology, Inc. (U.S.), TOREX Semiconductor Ltd. (Japan), Diodes Incorporated (U.S.), Active-Semi, Inc. (U.S.), STMicroelectronics N.V. (Switzerland), and Intersil Corporation (U.S.).
Global Lithium Battery Charger ICs Market – Segmentations
The lithium battery charger ICs market is segmented by charger type, appliance, and end-user.
By charger type, switching battery chargers dominated the market in 2017 with a value of USD 3.37 billion. They are well-known for their rapid charging capacity. The unique combination of switching frequency, circuit layout, and component selection can reduce electrical noise in these chargers. They are used in multi-cell and high-power batteries in smartphones, notebooks, and tablets. In 2015, Texas Instruments had designed a charger which can reduce the charging period by 60%. The segment can accrue USD 9,279.3 million for the market by 2023. On the other hand, SMBus/I2C/SPI controlled battery chargers can exhibit 25.66% CAGR over the forecast period to generate USD 3,168.7 million by 2023.
By appliances, small appliances dominated the market with USD 4.05 billion in 2017. The segment can generate revenue close to USD 10,550.8 million by 2023. This can be attributed to increasing use of battery chargers in mobile phones, power banks, and digital cameras. On the other hand, gardening tools can grow at 24.30% CAGR over the forecast period. Maintenance of lawns and gardens by consumers is likely to spur the segment growth.
By end-user, consumer electronics had dominated the lithium battery charger ICs market in 2017 with a value of USD 5.62 billion. Charger ICs which can work on DC and AC power sockets coupled with adoption of consumer electronic products can boost the segment value to USD 15,570.5 million by 2023. It is touted to exhibit 19.93% CAGR during the forecast period. Automotive, on the other hand, is likely to exhibit 23.72% CAGR. Emergence of electric, hybrid, and plug-in hybrid vehicles is expected to facilitate segment growth.
Global Lithium Battery Charger ICs Market – Regional Analysis
Region-wise segmentation of the lithium battery charger ICs market includes North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
North America generated USD 4.10 billion in 2017 and expects to exhibit 21.32% CAGR over the forecast period to reach USD 12,225.9 million by 2023. This can be attributed to presence of noteworthy players and investments by companies to enhance the charging capacities of Li-ion batteries.
Europe generated USD 1.79 billion in 2017 and expects to exhibit 17.89% CAGR during the assessment period. The inclination towards clean energy generation and reducing the dependence on fossil fuels is likely to accelerate the development of electric and hybrid vehicles. Germany is expected to be the biggest driver of the Europe lithium battery charger ICs market owing to presence of various automotive behemoths. The region can accrue close to USD 978.87 million by 2023. APAC is projected to generate revenue at 23.11% CAGR. RoW can grow at 14.30% CAGR
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This may happen due to overuse or leaving the battery for too long on the charger. For example, using an impact wrench for too long can drain the battery voltage so low that the charger would fail to recognize the battery for charging. Here are a few methods of reviving lithium-ion batteries that appear completely dead.
- Using another battery:
For example, your 18V impact driver with a Makita 18V lithium-ion battery has stopped working. When you put the battery on charge, the charger renders the battery unserviceable. In this case, you can take another 18 V battery (does not matter what brand it is), and connect the batteries with the help of metal clips. Make sure the positive end is connected to positive, and the negative end is connected to the negative end. It can be dangerous if they are not connected in the proper order. Once they are connected, the voltage of the dead battery raises. You can then disconnect the batteries and connect the battery to the charger to check if it is being recognized by the charger. If the battery’s volt levels have been raised enough, the charger will recognize the battery and start charging.
- With the help of an AC adapter (for example an old phone charger):
You can fix a dead lithium-ion battery up in few minutes.
- Cut the end of an old mobile phone charger that is not in use.
- Separate the two wires and remove their cable covers. They are going to play the role of booster cables. Never mix up the positive and negative ends. The striped or solid white wire is the positive end, and the black wire is the negative end.
- Remove the screws of the battery pack.
- Open the battery case.
- Remove the two plastic pieces on the sides. They help in removing the battery from the drill when they are pressed in.
- Pull out the battery pack.
- Check the volts level with the help of a multi-meter. For example, an 18V impact wrench would have an 18V lithium-ion battery. In this case, set the multimeter on 20 volts to get the most accurate reading.
- To check the voltage levels, connect the red probe to the red terminal (positive ends) and the black probe to the black terminal (negative ends) and check the reading on the multimeter.
- Take the ac adapter/the old mobile phone charger that you used to create a booster, and touch the black wire to the negative terminal and the white or stripped wire to the positive terminal. Keep doing this on and off for about a minute.
- Check the voltage of the battery with the help of the multi-meter. The boosting process would have raised the voltage levels.
- Put the battery pack inside the battery case and secure the plastic and the screws.
- Connect the battery to the charger to check if it is getting charged now.
One most important point to remember if you own a power tool that runs on the lithium-ion battery is that never completely discharge the battery. A completely drained lithium-ion battery cannot be recharged by the charger.
