Battery Fuel Gauge IC’s Market by Battery chemistry (Lead Acid, Li-ion/Li-polymer, LiFePO4, NiCd, NiMH, Others), Cell count (Single Cell, Multi-cell), Application (Consumer Electronics, Battery Backup & Energy Storage Systems, Medical, Industrial, Automotive, Others), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027

  • Publish Date: Mar, 2020
  • Report ID: 417859
  • Category: Electronics
  • Pages: 219
$4700

The global battery fuel gauge IC’s market is expected to grow from USD 3.46 billion in 2019 to USD 6.74 billion by 2027, at a CAGR of 8.64% during the forecast period from 2020-2027.

The primary task of any battery fuel gauge is to determine the state of health (SOH) and state of charge (SOC) of any battery. The battery fuel gauge is also known as battery gas gauge. A battery fuel gauge IC can calculate the specific time period of which the battery can continue to provide power by working under specific conditions. Defective battery state of charge (SOC) coupled with insufficient battery life are most of the common complaint reportings observed for any battery powered products and devices. Additionally, one of the crucial task of the battery fuel gauge IC is to establish a proper communiqué in between the user and the battery so as to maintain the proper health statistics of the battery.

The exponential adoption of the lithium batteries is propelling the market growth and development. In the present scenario, the acceptance rate of the lithium ion batteries in the consumer electronics is driving the market growth. This is because lithium ion batteries have long life in comparison to the lead acid and other type of batteries. Also, the lead ion batteries possess significant advantages over the other types of batteries such as low self-discharge rate, longer shelf life, low maintenance, safety and other features.

This study delivers a comprehensive analysis of battery chemistry, cell count, application and regions. The battery chemistry segment includes lead acid, Li-ion/Li-polymer, LiFePO4, NiCd, NiMH, and others. Li-ion/Li-polymer segment dominated the market with a market value of USD 1.09 billion in 2019. The segment growth is attributed because of the rising acceptance of lithium batteries across various industry verticals. The cell count segment is divided into single cell and multi-cell. The multi-cell segment held the largest market value of USD 2.26 billion in 2019. The application segment is divided into consumer electronics, battery backup & energy storage systems, medical, industrial, automotive, and others. Consumer electronics segment is playing a chief role in shaping business growth and was valued around USD 1.05 billion in 2019 owing large scale adoption of lithium batteries in many consumer electronics such as smartphones, tablets and others.

The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia Pacific region held a major market share of 48.82% in 2019, owing to increasing digitization in Southeast Asia regions which eventually leading to rising adoption of smartphones. 

Some of the notable players in the battery fuel gauge IC’s market are Texas Instruments, Maxim Integrated, Inc., STMicroelectronics, ON Semiconductor, MICROCHIP TECHNOLOGY, ANALOG DEVICES, Renesas Electronics Corporation,  and Cadex Electronics Inc. among others. Developing and developed countries are offering greater opportunities and major players are continuously focused on new developments, strategic partnerships, acquisitions, and venture capital investments to obtain high growth in the market. For instance, Microchip enables china to deploy world’s first bandwidth on demand services powered by optical transport network (OTN) in 2018.

This study forecasts revenue growth at global, regional, and country levels from 2016 to 2027. Fior Markets has segmented the on the basis of below-mentioned segments:

  • Global Battery Fuel Gauge IC’s Market Analysis And Forecast, By Battery chemistry
    • Lead Acid
    • Li-Ion/Li-Polymer
    • LiFePo4
    • NiCD
    • NiMH
    • Others
  • Global Battery Fuel Gauge IC’s Market Analysis And Forecast, By Cell count
    • Single Cell
    • Multi Cell
  • Global Battery Fuel Gauge IC’s Market Analysis And Forecast, By Application
    • Consumer Electronics
    • Battery Backup & Energy Storage Systems
    • Medical
    • Industrial
    • Automotive
    • Others
  • Global Battery Fuel Gauge IC’s Market Analysis And Forecast, By Regional Analysis
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • Sweden
      • Netherland
      • U.K.
      • Italy
      • Spain
      • Turkey
      • Switzerland
      • Belgium
      • Rest Of Europe
    • Asia-Pacific
      • Japan
      • China
      • India
      • South Korea
      • Australia
      • Singapore
      • Malaysia
      • Thailand
      • Indonesia
      • Philippines
      • Rest Of APAC
    • South America
      • Brazil
      • Argentina
      • Peru
      • Colombia
      • Rest Of South America
    • Middle East And Africa
      •  UAE
      •  Saudi Arabia
      •  Egypt
      •  Nigeria
      •  South Africa
      • Rest of MEA

Chapter 1 Introduction 11
    1.1 Objective Of The Study 11
    1.2 Market Definition 12
    1.3 Currency and Year consideration 14
 

Chapter 2 Research Methodology and Assumptions 15
    2.1 Research Methodology 15
    2.2 FMR Desk Research 16
          2.2.1 FMR Data Synthesis 17
          2.2.2 Data Validation And Market Feedback 18
          2.2.3 FMR Data Sources 18
 

Chapter 3 Executive Summary 20
    3.1 Global Battery Fuel Gauge ICs Market Revenue by Battery Chemistry 21
    3.2 Global Battery Fuel Gauge ICs Market Revenue by Cell Count 24
    3.3 Global Battery Fuel Gauge ICs Market Revenue by Application 27
    3.4 Global Battery Fuel Gauge ICs Market Regional Share 30
 

Chapter 4 Premium Insights 31
    4.1 Porter’s Five Forces Analysis 31
    4.2 Top Investment Pockets 32
          4.2.1 Market Attractiveness Analysis By Battery Chemistry 32
          4.2.2 Market Attractiveness Analysis By Cell Count 33
          4.2.3 Market Attractiveness Analysis By Application 34
    4.3 Industry Trends 35
 

Chapter 5 Market Dynamics 36
    5.1 Market Evaluation 36
    5.2 Drivers 37
          5.2.1 Growing Demand For The Lithium Chemistry Batteries 37
          5.2.2 Increasing Installations Of Power Backup Systems 37
          5.2.3 Growth of Solar Energy Sector 37
    5.3 Restraints 38
          5.3.1 Threat Of Substandard Counterfeit Products 38
    5.4 Opportunities 38
          5.4.1 Advent Of Electric Vehicles 38
          5.4.2 Increasing Investment in Research And Development Activities 38
    5.5 Challenges 39
          5.5.1 Heat Associated With Batteries 39
 

Chapter 6 Global Battery fuel gauge ICs Market Analysis And Forecast, By Battery Chemistry 40
    6.1 Segment Overview 40
    6.2 Lead Acid 45
    6.3 Li-Ion/Li-Polymer 45
    6.4 LiFePo4 46
    6.5 NiCD 46
    6.6 NiMH 46
 

Chapter 7 Global Battery fuel gauge ICs Market Analysis And Forecast, By Cell Count 48
    7.1 Segment Overview 48
    7.2 Single-Cell 51
    7.3 Multi-Cell 51
 

Chapter 8 Global Battery Fuel Gauge ICs Market Analysis And Forecast, By Application 52
    8.1 Segment Overview 52
    8.2 Consumer Electronics 57
    8.3 Battery Backup & Energy Storage Systems 57
    8.4 Medical 58
    8.5 Industrial 58
    8.6 Automotive 58
 

Chapter 9 Global Battery fuel gauge ICs Market Analysis And Forecast, By Regional Analysis 60
    9.1 Introduction 60
    9.2 North America 64
    9.3 Europe 73
    9.4 APAC 84
    9.5 South America 95
    9.6 Middle East and Africa 104
 

Chapter 10 Company Profiles 115
    10.1 Global Company Market Share 115
    10.2 Texas Instruments 116
          10.2.1 Company Snapshot 116
          10.2.2 Business Overview 116
          10.2.3 Company Market Share Analysis 118
          10.2.4 Representative Battery Fuel Gauge Ics Industry Product 120
          10.2.5 Recent Development 123
          10.2.6 SWOT Analysis 124
    10.3 Maxim Integrated, Inc 125
          10.3.1 Company Snapshot 125
          10.3.2 Business Overview 126
          10.3.3 Company Market Share Analysis 127
          10.3.4 Representative Battery Fuel Gauge Ics Industry Product 128
          10.3.5 Recent Development 129
          10.3.6 SWOT Analysis 130
    10.4 STMicroelectronics 131
          10.4.1 Company Snapshot 131
          10.4.2 Business Overview 132
          10.4.3 Company Market Share Analysis 133
          10.4.4 Representative Battery Fuel Gauge Ics Industry Product 135
          10.4.5 Recent Developments 137
          10.4.6 SWOT Analysis 137
    10.5 ON Semiconductor 138
          10.5.1 Company Snapshot 138
          10.5.2 Business Overview 139
          10.5.3 Company Market Share Analysis 140
          10.5.4 Representative Battery Fuel Gauge Ics Industry Product 142
          10.5.5 Recent Developments 143
          10.5.6 SWOT Analysis 143
    10.6 MICROCHIP TECHNOLOGY 144
          10.6.1 Company Snapshot 144
          10.6.2 Business Overview 145
          10.6.3 Company Market Share Analysis 146
          10.6.4 Representative Battery fuel Gauge ICs Product 148
          10.6.5 Recent Development 150
          10.6.6 SWOT Analysis 151
    10.7 ANALOG DEVICES 152
          10.7.1 Company Snapshot 152
          10.7.2 Business Overview 153
          10.7.3 Company Market Share Analysis 154
          10.7.4 Representative Battery fuel Gauge ICs Product 155
          10.7.5 Recent Development 157
          10.7.6 SWOT Analysis 158
    10.8 Renesas Electronics Corporation 159
          10.8.1 Company Snapshot 159
          10.8.2 Business Overview 160
          10.8.3 Representative Battery Fuel Gauge Ics Industry Product 161
          10.8.4 Recent Development 162
          10.8.5 SWOT Analysis 162
    10.9 Cadex Electronics Inc. 163
          10.9.1 Company Snapshot 163
          10.9.2 Business Overview 164
          10.9.3 Representative Battery Fuel Gauge Ics Industry Product 165
          10.9.4 Recent Development 166


1

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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