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 

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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. 

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

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Battery Fuel Gauges Market

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