The global battery voltage supervisor market is expected to be worth US$ 27.7 Billion in 2032, up from USD 5.7 Billion in 2022, growing at a CAGR of 17.1% between 2022 and 2032. As of 2021, the market was valued at USD 5.1 Billion. A Y-o-Y expansion rate of 12% is expected for the battery voltage supervisor industry by 2022 end.
The battery voltage supervisor market is expected to expand due to the growing demand for backup circuits for hybrid electric battery packs, high-powered Li-Ion battery systems, and other battery backup systems. In the forecast period, 2022 to 2032, the battery voltage supervisor market is expected to grow at a single-digit rate.
| Report Attribute | Details |
|---|---|
| Estimated Base Year Value (2021) | USD 5.1 Billion |
| Expected Market Value (2022) | USD 5.7 Billion |
| Anticipated Forecast Value (2032) | USD 27.7 Billion |
| Projected Growth Rate (2022 to 2032) | 17.1% CAGR |
The battery voltage supervisor market can be divided into end-user industries such as automotive, healthcare, communications, computing, solar energy, military and aerospace, and others.
The automotive segment is expected to dominate the global battery voltage supervisor market during the forecast period among the segmented industrial applications of the battery voltage supervisor market.
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A battery voltage supervisor protects circuits such as DRAM, MPU, and other devices from damage caused by voltage fluctuations. Furthermore, the battery voltage supervisor reduces the system's starting current requirements. Overall applications are expected to drive the global battery voltage supervisor market during the forecast period.
Furthermore, the increasing demand for electrical batteries and, as a result, battery voltage supervisors in the automotive industry will drive the battery voltage supervisor market over the forecast period.
Macroeconomic factors such as rapidly rising GDP in key countries and rising export/imports in key countries will propel the global battery voltage supervisor market to significant growth over the forecast period. Furthermore, rising manufacturing activities in developing countries such as China and India are expected to fuel growth in the battery voltage supervisor market during the forecast period.
The American industrial base must be prepared to respond to this massive increase in market demand, which will primarily benefit well-resourced and supported competitors in Asia and Europe.
By 2032, the USA and its partners will have established a secure battery materials and technology supply chain that supports long-term economic competitiveness and equitable job creation in the USA, enables decarbonization, advances social justice, and meets national security requirements.
Among the segmented regions, North American sales and demand for the battery voltage supervisor are expected to hold a significant share of the global market. The North American market is expanding as a result of the region's automotive and aerospace industries.
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Europe is expected to take a significant market share after the latter, owing to a growing number of automotive manufacturers, a growing number of government initiatives, and the region's emphasis on phasing out internal combustion engines, to name a few factors. Advantages such as battery protection against voltage fluctuations and overcharging, as well as optimizing and monitoring real-time battery conditions, will result in market growth in Europe.
Increasing demand for electric vehicles, energy storage systems, and growing consumption of rechargeable batteries in consumer electronics, combined with technological advancements, are the key drivers attributed to the growing demand for the battery management systems market.
RS Components Ltd., Texas Instruments Incorporated, Maxim Integrated, Vicor Corporation, and others are among the key players in the global battery voltage supervisor market. The major players are investing in order to expand their distribution network and strengthen their business relationships.
Manufacturers are investing in research and development to advance battery voltage supervisor technology. Some manufacturers include a battery voltage supervisor with a clock interface to ensure that there are no faults or short circuits in the system.
Manufacturers' key market development strategy is expected to contribute to the growth of the battery voltage supervisor market during the forecast period, 2022 to 2032.
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| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 17.1% from 2022 to 2032 |
| Market Value in 2022 | USD 5.7 Billion |
| Market Value in 2032 | USD 27.7 Billion |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | End Use Industry, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Russia, Australia, China, Japan, India, South Korea, South Africa, Saudi Arabia, United Arab Emirates(UAE), Israel |
| Key Companies Profiled | RS Components Ltd.; Texas Instruments Inc.; Maxim Integrated; Vicor Corporation; Maccor; West Mountain Radio |
| Customization | Available Upon Request |
FMI projects the global Battery voltage supervisor market to expand at a 17.1% value CAGR by 2032
Asia Pacific is expected to be the most opportunistic Battery voltage supervisor market
RS Components Ltd., Texas Instruments Inc., and Maxim Integrated are some prominent battery voltage supervisor service providers
1. Executive Summary | Battery Voltage Supervisor Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End Use Industry 5.1. Automotive 5.2. Healthcare 5.3. Communications 5.4. Specialty Excipients 5.5. Solar Energy 5.6. Aerospace 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 6.1. North America 6.2. Latin America 6.3. Europe 6.4. Asia Pacific 6.5. Middle East and Africa 7. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 8. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Key Countries Market Analysis 13. Market Structure Analysis 14. Competition Analysis 14.1. RS Components Ltd. 14.2. Texas Instruments Incorporated 14.3. Maxim Integrated 14.4. Vicor Corporation 14.5. Maccor 14.6. West Mountain Radio 15. Assumptions & Acronyms Used 16. Research Methodology
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Battery Voltage Supervisor Market
