Globally, North America is currently observing the highest adoption of smart battery chargers. This is primarily attributed to the large-scale adoption of electric vehicles and smart electronics devices in several countries of the region such as the U.S. For instance, the total value of the sales of smartphones in the U.S. increased from $18.0 billion in 2010 to $55.6 billion in 2017. In addition to this, the share of smartphone users in the country increased from almost 40.0% of the total population in 2012 to 69.6% of the total population in 2017.


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One of the key factors propelling the demand for smart battery chargers is the increasing incorporation of internet of things (IoT) for data collection in various industrial and agricultural applications. For instance, in the agriculture sector, a smart farm depends on the numerous nodes, spread across multiple acres, for collecting data on soil moisture level, evaporation, weather, and many other things. These nodes are usually powered by batteries and depend on various energy harvesting techniques like solar power in order to augment the existing battery capacity.


The other major factors boosting the demand for smart battery chargers are the increasing requirement of smart batteries in telecom and consumer electronics industries and the rising adoption of electric vehicles across the world. Due to the soaring pollution levels across the globe, caused due to the wide-scale usage of fossil fuels-generated energy, the governments of several countries are enacting numerous measures and regulations in order to promote the adoption of electric vehicles, which is, in turn, pushing the utilization of smart batteries.


Driven by the above-mentioned factors, the global smart battery charger market is expected to register unprecedented growth in the years to come. There are two types of chargers used for charging the smart batteries — wired and wireless chargers. Of these, the wired chargers are currently experiencing greater popularity than the wireless chargers. This is mainly ascribed to the widespread usage of these chargers for charging various electronics devices such as smartphones and laptops, owing to their lower costs and greater compatibility as compared to the wireless chargers.