The global battery fuel gauge IC market was highly fragmented in 2019. Major players operating in the global market are focusing on technological advancements and expansion to meet the rising demand for battery fuel gauge IC. Moreover, manufacturers are signing partnerships for the development of innovative products.
Key players operating in the global battery fuel gauge IC market are:
Analog Devices, Inc.Linear TechnologyMaxim IntegratedMicrochip Technology Inc.ON SemiconductorOrion BMSRenesas Electronics CorporationROHM CO., LTD.STMicroelectronicsTexas Instruments Incorporated
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Battery Fuel Gauge IC: IntroductionA battery fuel gauge, also known as a battery gas gauge, determines battery state-of-charge (SOC) and state-of-health (SOH) of a battery.Use of a battery fuel gauge IC is helpful to predict how long the battery can continue to provide power under specific operating conditionsOne of the essential tasks of battery fuel gauge IC is to establish proper communication between the user and the battery so as to maintain appropriate health statistics of the batteryBattery fuel gauge IC is classified based on type and includes single cell and multiple cellBattery fuel gauge ICs are used in automotive, medical devices, mobile electronic devices, robots, and other applicationsGrowing Demand for Battery Fuel Gauge IC for Consumer Electronics ApplicationsBattery fuel gauge ICs are largely used in consumer electronic devices such as smartphones, laptops, notebooks, and digital cameras as it determines how long the battery can provide continuous power supplyBattery fuel gauge IC increases battery runtime and lifespan of consumer electronic devices by combining a small footprint with outstanding measurement accuracy and extremely low power consumptionThe exponential adoption of lithium batteries in consumer electronics applications is propelling their market growth and development, as lithium ion batteries have long life compared to lead acid and other type of batteriesAs a result of these factors, demand for lithium ion (Li-ion) batteries in consumer electronics devices is growing, which is expected to drive the global battery fuel gauge IC market during the forecast periodHowever, as a Li-ion cell ages, it loses its ability to store charge due to which it delivers the usable voltage for a shorter period of time than a newer cell even if it is fully charged, which is anticipated to moderately restrain the growth of the global battery fuel gauge IC market
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North America to Lead the Battery Fuel Gauge IC MarketIn terms of region, the global battery fuel gauge IC market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South AmericaNorth America is anticipated to dominate the global battery fuel gauge IC market throughout the forecast period, as a large number of manufacturers of battery fuel gauge ICs operate in the regionAdditionally, many well-established players based in North America are focusing on development of new technology in battery fuel gauge IC which is expected to boost the market in the region during the forecast periodThe battery fuel gauge IC market in Europe and Asia Pacific is expected to expand at a substantial rate during the forecast period. On the other hand, the market in Middle East & Africa and South America is estimated to expand at a moderate pace during the forecast period.
