Battery Chargers Market Analysis

Voltage Range (6V-12V, 24V-36V, 48V-72V)

6V-12V segment is set to hold battery chargers market share of more than 40% by 2037, because of demand from consumer electronics, small vehicles, and compact devices. Applications include personal electronics to low-capacity vehicles due to the versatility of 6V-12V chargers.  In February 2023, Tube Investments of India announced plans to enter the EV market, highlighting the need for 6V-12V chargers to power its forthcoming electric three-wheelers. Such developments are likely to drive the segment to cater effectively to diverse charging requirements across consumer and industrial applications.

Current Rating (5A-15A, 16A-30A, 31A-50A, 51A-75A)

In battery chargers market, 5A to 15A current rating segment is likely to account for revenue share of around 33% by 2037, due to its applicability to most devices requiring moderately fast charging. Furthermore, its suitability for residential and commercial applications, serving low- to mid-capacity batteries, also fuels the segment’s growth. EnerSys introduced its ODYSSEY battery chargers in September 2022 that provided competent charging in the range of 5A-15A for a variety of battery chemistries. Furthermore, the rising demand for robust and adaptable charging solutions is anticipated to boost the current rating segment’s growth through 2037.

Our in-depth analysis of the global market includes the following segments: