Global bidirectional battery switch market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a significant CAGR during the forecast period.
Global Bidirectional Battery Switch Market
Global Bidirectional Battery Switch Market
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Global Bidirectional Battery Switch Market Definition
A bi directional battery switch is an active switch which supports bi directional voltage blocking when it is turned OFF and bi directional current flow when it is turned ON. It provides reverse blocking capability to separate the battery from the system.
Global Bidirectional Battery Switch Market Dynamics
The bi directional battery switch market has been seeing ample growth from past few years. The growth of the market is primarily driven by its large-scale adoption in applications such as in healthcare devices, portable electronics and in medical instrumentation. Rising trend of miniaturization of electronic devices, growing market for wearable electronics devices, increasing demand for advanced battery switch solutions for high-capacity battery applications, growing complexity in power supply grids and surge in the demand of innovative connection-elements are likely to expand growth of the market during the forecast period.
However, high initial cost associated with bidirectional battery switch is the major restraining factor that could hamper the growth of the market.
Global Bi Directional Battery Switch Market: Segmentation Analysis
By industry, electronics & semiconductor segment dominated the market in 2019 and is projected to witness fast growth at a CAGR of XX% during the forecast period. A surge in the adoption of bi directional battery switches in electronics applications such as in Smartphones, tablets, digital video cameras, battery isolators, communication devices, data storage devices, battery power banks, test instruments and portable meters and many other devices is accredited to the growth of the market. A growing demand of these electronics products in developing economies, rapidly growing market of Smartphones across the globe, increasing use of miniature and space saving devices and continuous introduction of bi directional battery switches by manufacturers for these electronics applications are further expected to improve growth of the market during the forecast period. For instance,
• In Oct 2018, Renesas Electronics introduced its latest bidirectional synchronous buck-boost controllers for industrial battery-powered applications.
Global Bi Directional Battery Switch Market: Regional Analysis
Region-wise, Asia Pacific held the largest market share in 2019 and is expected to maintain its dominance at a CAGR of XX% during the forecast period. The economies such as China, Japan, India, and South Korea are the major key contributors behind the growth of the market. The growth is attributed to the high adoption of bi directional battery switches in various portable, consumer and wearable electronics applications.
A growing market for portable and wearable electronic industry, high adoption of consumer electronics products such as Smartphones, tablets and rising significance of bidirectional battery switches in portable healthcare and medical systems are driving the growth of the market in APAC region.
The objective of the report is to present a comprehensive analysis of the Global Bi Directional Battery Switch Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Bi Directional Battery Switch Market dynamics, structure by analyzing the market segments and projects the Global Bi Directional Battery Switch Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Bi Directional Battery Switch Market make the report investor’s guide.
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Global Bi Directional Battery Switch Market, By Industry
• Information Technology
• Electronics & Semiconductor
• Aerospace & Defense
Global Bi Directional Battery Switch Market, By Region
• North America
• Asia Pacific
• South America
• Middle East and Africa
Global Bi Directional Battery Switch Market, Key Players
• Vishay Intertechnology Inc.
• Maxim Integrated
• Diodes Incorporated
• ON Semicondcutor
• Texas Instruments Incorporated
• Mouser Electronics
• NXP Semiconductors
• Renesas Electronics Corporation
• Dialog Semiconductor
• Infineon Technologies
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