Global Fast Charge Battery Market Overview:
The fast charge battery is increasingly used in consumer electronics like smartphones, electric cars, public transportation, wearable technology, electricity grid, etc. The batteries like lithium-ion, nickel-cadmium, and button cell battery are used ranging from different power capacity providing aster charge facility. With the growing technology demand for longer range, performance, efficiency, and faster recharging batteries are rising.
- Growing Demand for Consumer Electronics Products Worldwide
- Fast Charge Demand is Increasing with the Growing Digitalization and Fast Pace Activities
- Introduction of Fast Charge Batteries in Electric Vehicles which can be Charged in 5 Minutes
- Adverse Environmental Impact Associated with Fast Charge Battery Products
- Growing Manufacturing of Battery Powered Electric Vehicle will Boost the Fast Charge Battery Market
- Stringent Regulatory Compliances with Fast Charge Battery
Some of the key players profiled in the report are Sony Corporation (Japan), Samsung Group (South Korea), Qualcomm (United States), StoreDot (Israel), Addionics (Israel), GBatteries (Canada), FlashCharge Batteries LLC (United States), ZTE Corporation (China) and Aigo (China). Considering Market by Distribution Channel, the sub-segment i.e. Offline Retail will boost the Fast Charge Battery market.
Latest Market Insights:
On 27th July 2020, Qualcomm unveiled Quick Charge 5 as its new fast charging technology that is touted to charge devices from 0 to 50 percent in just five minutes. As a successor to Quick Charge 4+, unveiled back in June 2017, the new fast commercial charging technology is claimed to offer up to 10 percent cooler yet up to four times faster and up to 70 percent more efficient experience. It also supports 2S battery packs and is optimized for both USB Power Delivery (USB-PD) and USB Type-C technologies.
On 19th January 2021, StoreDot, the pioneer of extreme fast charging (XFC) battery technology, announced the availability of its first-generation 5-minute charge battery engineering samples. This represents a significant milestone for the company in its mission to eliminate the range and charging anxiety of electric vehicles (EVs), demonstrating the commercial viability of XFC batteries for the first time via a small form-factor battery cell.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Fast Charge Battery market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Fast Charge Battery market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Fast Charge Battery Manufacturers, Fast Charge Battery International Traders, Fast Charge Battery Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.