Research and Markets - Global Battery Management IC Market to Grow at a CAGR of 5.09% by 2021: Key Vendors are Analog Devices, Maxim Integrated, NXP Semiconductors, Semtech, STMicroelectronics & Texas Instruments
The global battery management IC market to grow at a CAGR of 5.09% during the period 2017-2021.
The report, Global Battery Management IC Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in market is increased adoption of energy harvesting. The push toward greener solutions has prompted developments in energy harvesting techniques. Energy harvesting, at present, is a less popular method of powering devices that use non-traditional energy sources. With the limited battery capacities of wearable and portable devices, vendors are looking to increase battery life by converting sources of lost energy into electrical energy.
Solar power is the most common way for energy harvesting at present. Harvesting other sources of energy involve more activities in the laboratory. Researchers are using nanotechnology for energy harvesting from a sphere of sources like string vibration, body motion, static electricity, and sound waves in air or water. Maxim Integrated and Texas Instruments have developed products that use energy harvesting for charging.