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The “Battery Management IC – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for Battery Management ICs estimated at US$6.8 Billion in the year 2020, is projected to reach a revised size of US$8.8 Billion by 2026, growing at a CAGR of 4.5% over the analysis period.
Fuel Gauge ICs, one of the segments analyzed in the report, is projected to grow at a 5% CAGR to reach US$4.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Battery Charger ICs segment is readjusted to a revised 4.4% CAGR for the next 7-year period. This segment currently accounts for a 39.8% share of the global Battery Management ICs market.
The Battery Management ICs market in the US is estimated at US$1 Billion in the year 2021. The country currently accounts for a 15.82% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size . ..
Full story available on Benzinga.com
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