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Patterson-UTI Energy Reports Financial Results for the Three Months Ended March 31, 2021

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HOUSTON, April 29, 2021 /PRNewswire/ —  PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three months ended March 31, 2021.  The Company reported a net loss of $106 million, or $0.57 per share, for the first quarter of 2021, compared to a net loss of $435 million, or $2.28 per share, for the first quarter of 2020.  Revenues for the first quarter of 2021 were $241 million, compared to $446 million for the first quarter of 2020.

Andy Hendricks, Patterson-UTI’s Chief Executive Officer, stated, “First quarter financial results exceeded our expectations, as revenues and adjusted EBITDA improved sequentially, despite challenges from the extreme winter storm in the southwest.  Our contract drilling and directional drilling businesses posted better than expected results in the first quarter.  Excluding the impact of the winter storm, our pressure pumping results would have been consistent with our expectations.”

Mr. Hendricks continued, “In contract drilling, our average rig count for the first quarter improved to 69 rigs from 62 rigs in the fourth quarter.  Our rig count ended the first quarter at 71 rigs, and we have already activated two rigs in the second quarter.  Considering the timing of additional rig reactivations, as well as idle but contracted rigs rolling off contract, we expect to average 73 rigs for the second quarter.  We expect our rig count will reach approximately 80 rigs over the next three months, with a substantial portion of the rig count increase in June and July.   

“Average rig margin per day for the first quarter of $8,750, included a benefit of $6.0 million, or $960 per day, related to a sales and use tax refund, and a benefit of $2.3 million, or $370 per day, for revenue that was not recognized in 2020 due to concerns about collectability.  However, even after excluding both of these benefits, average rig margin per day exceeded our expectation due to a combination of both higher than expected revenues and lower than expected costs.  Both average rig revenue per day and operating cost per day increased sequentially, as the proportion of rigs that were idle but contracted decreased to 7% in the first quarter from 16% in the fourth quarter.          

“As of March 31, 2021, we had term contracts for drilling rigs providing for approximately $240 million of future dayrate drilling revenue.  Based on contracts currently in place, we expect an average of 39 rigs operating under term contracts during the second quarter, and an average of 27 rigs operating under term contracts during the four quarters ending March 31, 2022.   

“In pressure pumping, first quarter results were significantly impacted by the winter storm.  Revenues decreased to $75.8 million during the first quarter and gross margin decreased to a loss of $0.7 million.  We averaged seven active spreads during the first quarter, with an effective utilization of 5.5 spreads.  Downtime was primarily associated with the winter storm and the mobilization of a spread from the northeast to Texas.  In the second quarter, we expect utilization to improve and we plan to reactivate an additional spread late in the quarter for dedicated work.        

“In directional drilling, revenues during the first quarter increased sequentially to $19.7 million from $16.9 million in the fourth quarter.  Gross margin improved in the first quarter to $3.0 million, or 15% of revenues, from $2.2 million, or 13% of revenues, in the fourth quarter, as the business continues to improve.”     

Mr. Hendricks concluded, “Drilling and completion activity continues to improve at a moderate pace.  While operators continue to exercise capital discipline, we see increasing activity across all classes of operators during the year.  We believe that Patterson-UTI is well positioned given our performance and technology offerings, including solutions to help E&P companies improve efficiencies and reduce wellsite emissions through the use of alternative fuel sources.” 

The Company declared a quarterly dividend on its common stock of $0.02 per share, payable on June 17, 2021, to holders of record as of June 3, 2021.

Financial results for the three months ended March 31, 2020 include pre-tax, non-cash charges totaling $406 million ($349 million after-tax, or $1.83 per share).  These charges include a $395 million impairment charge for goodwill and a $10.6 million impairment charge related to certain of the Company’s E&P assets.

All references to “per share” in this press release are diluted earnings per common share as defined within Accounting Standards Codification Topic 260.

The Company’s quarterly conference call to discuss the operating results for the quarter ended March 31, 2021, is scheduled for today, April 29, 2021, at 9:00 a.m. Central Time. The dial-in information for participants is (844) 494-0002 (Domestic) and (647) 253-8640 (International).  The conference ID for both numbers is 7069802.  The call is also being webcast and can be accessed through the Investor Relations section of the Company’s website at investor.patenergy.com.  A replay of the conference call will be on the Company’s website for two weeks. 

About Patterson-UTI

Patterson-UTI is a leading provider of oilfield services and products to oil and natural gas exploration and production companies in the United States, including contract drilling, pressure pumping and directional drilling services.  For more information, visit www.patenergy.com.  

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements which are protected as forward-looking statements under the Private Securities Litigation Reform Act of 1995 that are not limited to historical facts, but reflect Patterson-UTI’s current beliefs, expectations or intentions regarding future events.  Words such as “anticipate,” “believe,” “budgeted,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “potential,” “project,” “pursue,” “should,” “strategy,” “target,” or “will,” and similar expressions are intended to identify such forward-looking statements.  The statements in this press release that are not historical statements, including statements regarding Patterson-UTI’s future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance that are not historical facts, are forward-looking statements within the meaning of the federal securities laws.  These statements are subject to numerous risks and uncertainties, many of which are beyond Patterson-UTI’s control, which could cause actual results to differ materially from the results expressed or implied by the statements.  These risks and uncertainties include, but are not limited to: adverse oil and natural gas industry conditions; including the rapid decline in crude oil prices as a result of economic repercussions from the COVID-19 pandemic; global economic conditions; volatility in customer spending and in oil and natural gas prices that could adversely affect demand for Patterson-UTI’s services and their associated effect on rates; excess availability of land drilling rigs, pressure pumping and directional drilling equipment, including as a result of reactivation, improvement or construction; competition and demand for Patterson-UTI’s services; strength and financial resources of competitors; utilization, margins and planned capital expenditures; liabilities from operational risks for which Patterson-UTI does not have and receive full indemnification or insurance; operating hazards attendant to the oil and natural gas business; failure by customers to pay or satisfy their contractual obligations (particularly with respect to fixed-term contracts); the ability to realize backlog; specialization of methods, equipment and services and new technologies, including the ability to develop and obtain satisfactory returns from new technology; the ability to retain management and field personnel; loss of key customers; shortages, delays in delivery, and interruptions in supply, of equipment and materials; cybersecurity events; synergies, costs and financial and operating impacts of acquisitions; difficulty in building and deploying new equipment; governmental regulation; climate legislation, regulation and other related risks; environmental, social and governance practices, including the perception thereof; environmental risks and ability to satisfy future environmental costs; technology-related disputes; legal proceedings and actions by governmental or other regulatory agencies; the ability to effectively identify and enter new markets; weather; operating costs; expansion and development trends of the oil and natural gas industry; ability to obtain insurance coverage on commercially reasonable terms; financial flexibility; interest rate volatility; adverse credit and equity market conditions; availability of capital and the ability to repay indebtedness when due; stock price volatility; and compliance with covenants under Patterson-UTI’s debt agreements.

Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in Patterson-UTI’s SEC filings.  Patterson-UTI’s filings may be obtained by contacting Patterson-UTI or the SEC or through Patterson-UTI’s website at http://www.patenergy.com or through the SEC’s Electronic Data Gathering and Analysis Retrieval System (EDGAR) at http://www.sec.gov.  Patterson-UTI undertakes no obligation to publicly update or revise any forward-looking statement.

PATTERSON-UTI ENERGY, INC.

Condensed Consolidated Statements of Operations

(unaudited, in thousands, except per share data)




Three Months Ended




March 31,




2021



2020


REVENUES


$

240,929



$

445,927


COSTS AND EXPENSES:









Direct operating costs



182,751




326,628


Depreciation, depletion, amortization and impairment



152,882




186,797


Impairment of goodwill






395,060


Selling, general and administrative



22,558




30,346


Credit loss expense






1,055


Other operating expenses, net



265




451











Total costs and expenses



358,456




940,337











OPERATING LOSS



(117,527)




(494,410)











OTHER INCOME (EXPENSE):









Interest income



139




657


Interest expense, net of amount capitalized



(10,009)




(11,224)


Other



14




85











Total other expense



(9,856)




(10,482)











LOSS BEFORE INCOME TAXES



(127,383)




(504,892)


INCOME TAX BENEFIT



(20,970)




(70,170)











NET LOSS


$

(106,413)



$

(434,722)











NET LOSS PER COMMON SHARE:









Basic


$

(0.57)



$

(2.28)


Diluted


$

(0.57)



$

(2.28)


WEIGHTED AVERAGE NUMBER OF COMMON

   SHARES OUTSTANDING:









Basic



187,677




190,674


Diluted



187,677




190,674


CASH DIVIDENDS PER COMMON SHARE


$

0.02



$

0.04


PATTERSON-UTI ENERGY, INC.



Additional Financial and Operating Data



(unaudited, dollars in thousands)



















Three Months Ended



Three Months
Ended





March 31,



December 31,





2021



2020



2020

















Contract Drilling:














Revenues


$

133,501



$

267,364



$

115,574



Direct operating costs


$

79,378



$

163,420



$

71,158



Margin (1)


$

54,123



$

103,944



$

44,416



Other operating expenses (income), net


$

12



$



$

(30)



Selling, general and administrative


$

1,058



$

1,464



$

982



Depreciation, amortization and impairment


$

101,674



$

111,438



$

104,928



Impairment of goodwill


$



$

395,060



$



Operating loss


$

(48,621)



$

(404,018)



$

(61,464)

















Operating days



6,183




11,235




5,720

















Average revenue per operating day


$

21.59



$

23.80



$

20.21



Average direct operating costs per operating day


$

12.84



$

14.55



$

12.44



Average margin per operating day (1)


$

8.75



$

9.25



$

7.77



Average rigs operating



69




123




62

















Capital expenditures


$

11,427



$

49,445



$

3,589

















Pressure Pumping:














Revenues


$

75,839



$

125,107



$

79,498



Direct operating costs


$

76,510



$

114,855



$

75,417



Margin (2)


$

(671)



$

10,252



$

4,081



Selling, general and administrative


$

1,683



$

3,067



$

1,807



Depreciation, amortization and impairment


$

37,385



$

42,671



$

34,044



Operating loss


$

(39,739)



$

(35,486)



$

(31,770)

















Average active spreads (3)



7




10




7



Effective utilization (4)



5.5




7.7




6.3

















Fracturing jobs



71




89




72



Other jobs



200




209




195



Total jobs



271




298




267

















Average revenue per fracturing job


$

977.89



$

1,359.39



$

1,019.85



Average revenue per other job


$

32.05



$

19.72



$

31.12



Average revenue per total job


$

279.85



$

419.82



$

297.75



Average costs per total job


$

282.32



$

385.42



$

282.46



Average margin per total job (2)


$

(2.48)



$

34.40



$

15.28































Margin as a percentage of revenues (2)



(0.9)

%



8.2

%



5.1

%
















Capital expenditures


$

4,068



$

14,280



$

3,798































PATTERSON-UTI ENERGY, INC.



Additional Financial and Operating Data



(unaudited, dollars in thousands)



















Three Months Ended



Three Months Ended





March 31,



December 31,





2021



2020



2020



Directional Drilling:














Revenues


$

19,670



$

34,485



$

16,858



Direct operating costs


$

16,637



$

32,329



$

14,702



Margin (5)


$

3,033



$

2,156



$

2,156



Selling, general and administrative


$

1,459



$

2,330



$

1,070



Depreciation, amortization and impairment


$

6,497



$

10,421



$

6,806



Operating loss


$

(4,923)



$

(10,595)



$

(5,720)

















Margin as a percentage of revenues (5)



15.4

%



6.3

%



12.8

%
















Capital expenditures


$

104



$

2,008



$

119

















Other Operations:














Revenues


$

11,919



$

18,971



$

8,871



Direct operating costs


$

10,226



$

16,024



$

8,015



Margin (6)


$

1,693



$

2,947



$

856



Selling, general and administrative


$

425



$

1,459



$

570



Depreciation, depletion, amortization and impairment


$

5,824



$

20,259



$

6,424



Operating loss


$

(4,556)



$

(18,771)



$

(6,138)

















Capital expenditures


$

2,744



$

5,264



$

2,602

















Corporate:














Selling, general and administrative


$

17,933



$

22,026



$

16,490



Depreciation


$

1,502



$

2,008



$

1,507



Credit loss expense


$



$

1,055



$



Other operating expenses, net


$

253



$

451



$

1,109

















Capital expenditures


$

180



$

931



$

330

















Total capital expenditures


$

18,523



$

71,928



$

10,438





(1)

For Contract Drilling, margin is defined as revenues less direct operating costs and excludes depreciation, amortization and impairment, impairment of goodwill, other operating expenses (income), net and selling, general and administrative expenses. Average margin per operating day is defined as margin divided by operating days.

(2)

For Pressure Pumping, margin is defined as revenues less direct operating costs and excludes depreciation, amortization and impairment and selling, general and administrative expenses. Average margin per total job is defined as margin divided by total jobs. Margin as a percentage of revenues is defined as margin divided by revenues.

(3)

Average active spreads is the average number of spreads that were crewed and actively marketed during the period.

(4)

Effective utilization is calculated as total pumping days during the quarter divided by 75 days, which we consider full effective utilization for a spread.

(5)

For Directional Drilling, margin is defined as revenues less direct operating costs and excludes depreciation, amortization and impairment and selling, general and administrative expenses. Margin as a percentage of revenues is defined as margin divided by revenues.

(6)

For Other Operations, margin is defined as revenues less direct operating costs and excludes depreciation, depletion, amortization and impairment, and selling, general and administrative expenses.



March 31,



December 31,


Selected Balance Sheet Data (unaudited, in thousands):


2021



2020


Cash and cash equivalents


$


214,144



$


224,915


Current assets


$


487,602



$


477,956


Current liabilities


$


272,260



$


273,722


Working capital


$


215,342



$


204,234


Long-term debt


$


901,689



$


901,484


PATTERSON-UTI ENERGY, INC.

Non-U.S. GAAP Financial Measures

(unaudited, dollars in thousands)




Three Months Ended



Three Months Ended





March 31,



December 31,





2021



2020



2020



Adjusted Earnings Before Interest, Taxes, Depreciation

   and Amortization (Adjusted EBITDA)(1):














Net loss


$

(106,413)



$

(434,722)



$

(106,527)



Income tax benefit



(20,970)




(70,170)




(24,846)



Net interest expense



9,870




10,567




7,249



Depreciation, depletion, amortization and impairment



152,882




186,797




153,709



Impairment of goodwill






395,060




















Adjusted EBITDA


$

35,369



$

87,532



$

29,585

















Total revenues


$

240,929



$

445,927



$

220,801



Adjusted EBITDA margin



14.7

%



19.6

%



13.4

%
















Adjusted EBITDA by operating segment:














Contract drilling


$

53,053



$

102,480



$

43,464



Pressure pumping



(2,354)




7,185




2,274



Directional drilling



1,574




(174)




1,086



Other operations



1,268




1,488




286



Corporate



(18,172)




(23,447)




(17,525)

















Consolidated Adjusted EBITDA


$

35,369



$

87,532



$

29,585





(1)

Adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”) is not defined by accounting principles generally accepted in the United States of America (“U.S. GAAP”). We define Adjusted EBITDA as net loss plus net interest expense, income tax benefit and depreciation, depletion, amortization and impairment expense (including impairment of goodwill). We present Adjusted EBITDA because we believe it provides to both management and investors additional information with respect to the performance of our fundamental business activities and a comparison of the results of our operations from period to period and against our peers without regard to our financing methods or capital structure. We exclude the items listed above from net loss in arriving at Adjusted EBITDA because these amounts can vary substantially from company to company within our industry depending upon accounting methods and book values of assets, capital structures and the method by which the assets were acquired. Adjusted EBITDA should not be construed as an alternative to the U.S. GAAP measure of net income (loss). Our computations of Adjusted EBITDA may not be the same as similarly titled measures of other companies.

PATTERSON-UTI ENERGY, INC.

Non-Cash Charges

Three Months Ended March 31, 2020

(unaudited, in thousands, except per share data)



Total



Per Share










Impairment of goodwill

$

395,060






Impairment of E&P assets


10,551






Pre-tax amount


405,611






Income tax benefit


(56,380)






After tax amount

$

349,231



$

1.83










Weighted average number of common shares








outstanding, excluding non-vested shares








of restricted stock


190,674






Add dilutive effect of potential common shares







Weighted average number of diluted common








shares outstanding


190,674














Effective income tax rate


13.9

%





SOURCE PATTERSON-UTI ENERGY, INC.

Related Links

http://www.patenergy.com

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Energy

Growatt wins TÜV Rheinland’s All Quality Matters Award for its ARK battery

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In TÜV Rheinland’s test program, ARK battery is given All Quality Matters Award for achieving first-rate performance in various safety and reliability tests including charge/discharge cycling performance test, initial charge/discharge energy measurement, battery high rated charge/discharge performance test and high/low temperature charge/discharge performance test.

Growatt is one of the few manufacturers in the industry that develops its own storage batteries and hybrid inverters and provides entire solar energy storage solutions. The company’s R&D team also develops its own Battery Management System (BMS) and hybrid inverter to provide multi-level protections for solar energy storage systems.

Growatt’s ARK battery uses cobalt-free Lithium-iron-phosphate (LFP) materials for improved safety. The company adopts modular design for ARK battery, which not only makes installation easy but provides substantial flexibility of storage capacity for customers.

To deliver excellent customer experience, Growatt provides one-stop service and technical support for its solar PV and battery storage solution. “In addition to that, we are able to improve service efficiency by using our monitoring solutions for software upgrade, remote troubleshooting and more, and reduce operation and maintenance (O&M) expenses for installers,” Zhang concluded.

About Growatt
Growatt is a global leader of smart energy solutions and provides residential, commercial and large scale PV inverters, energy storage, microgrid systems and smart energy management solutions. Growatt ranks among global top 10 PV inverter suppliers according to IHS Markit and Wood Mackenzie. Founded in 2010, Growatt has established an extensive network with 20 branches worldwide. By the end of 2020, Growatt had shipped over 2.6 million inverters to more than 100 countries around the world.

Contact: Whiskey Lu, [email protected]

SOURCE Growatt

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www.growatt.com

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PNM and AVANGRID Formally File New Mexico Stipulation with Additional Parties

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ALBUQUERQUE, N.M., May 7, 2021 /PRNewswire/ — PNM Resources, Inc. (NYSE: PNM) wholly-owned New Mexico subsidiary, Public Service Company of New Mexico (PNM), and AVANGRID filed a revised stipulation with additional parties in its merger application before the New Mexico Public Regulation Commission (NMPRC) today.

Parties to the filed stipulation include: Attorney General of the State of New Mexico, Western Resource Advocates, the International Brotherhood of Electrical Workers Local 611, Dine Citizens Against Ruining Our Environment, Nava Education Project, San Juan Citizens Alliance, To Nizhoni Ani, the Coalition for Clean Affordable Energy, Interwest Energy Alliance, Walmart, Inc., and Onward Energy Holdings, LLC.

The addition of several parties to the stipulation demonstrates a growing consensus around the benefits of the merger to customers, employees and communities across New Mexico.

If approved by the NMPRC, the agreement among the parties will bring over $270 million in benefits to New Mexico. The hearing examiner for the case has scheduled a procedural conference for parties on May 11.

Additional materials pertaining to the stipulation and PNM’s application for approval of the merger with the NMPRC are available at https://www.pnmresources.com/investors/rates-and-filings.aspx.

Background:
PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2020 consolidated operating revenues of $1.5 billion. Through its regulated utilities, PNM and TNMP, PNM Resources provides electricity to approximately 800,000 homes and businesses in New Mexico and Texas. PNM serves its customers with a diverse mix of generation and purchased power resources totaling 2.8 gigawatts of capacity, with a goal to achieve 100% emissions-free energy by 2040. For more information, visit the company’s website at www.PNMResources.com.

     

CONTACTS:


     Analysts

Media

     Lisa Goodman

Ray Sandoval

     (505) 241-2160                                

(505) 241-2782

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements made in this news release for PNM Resources, Inc. (“PNMR”), Public Service Company of New Mexico (“PNM”), or Texas-New Mexico Power Company (“TNMP”) (collectively, the “Company”) that relate to future events or expectations, projections, estimates, intentions, goals, targets, and strategies are made pursuant to the Private Securities Litigation Reform Act of 1995. Readers are cautioned that all forward-looking statements are based upon current expectations and estimates. PNMR, PNM, and TNMP assume no obligation to update this information. Because actual results may differ materially from those expressed or implied by these forward-looking statements, PNMR, PNM, and TNMP caution readers not to place undue reliance on these statements. PNMR’s, PNM’s, and TNMP’s business, financial condition, cash flow, and operating results are influenced by many factors, which are often beyond their control, that can cause actual results to differ from those expressed or implied by the forward-looking statements. Additionally, there are risks and uncertainties in connection with the proposed acquisition of us by AVANGRID which may adversely affect our business, future opportunities, employees and common stock, including without limitation, (i) the expected timing and likelihood of completion of the pending Merger, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the pending Merger that could reduce anticipated benefits or cause the parties to abandon the transaction, (ii) the failure by AVANGRID to obtain the necessary financing arrangement set forth in commitment letter received in connection with the Merger, (iii) the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement, (iv) the risk that the parties may not be able to satisfy the conditions to the proposed Merger in a timely manner or at all, and (v) the risk that the proposed transaction could have an adverse effect on the ability of PNMR to retain and hire key personnel and maintain relationships with its customers and suppliers, and on its operating results and businesses generally. For a discussion of risk factors and other important factors affecting forward-looking statements, please see the Company’s Form 10-K, Form 10-Q filings and the information included in the Company’s Forms 8-K with the Securities and Exchange Commission, which factors are specifically incorporated by reference herein.          

SOURCE PNM Resources, Inc.

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Grâce à son excellente performance, Risen Energy remporte 3 prix de l’industrie

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Risen Energy Co., Ltd (« Risen Energy »), l’un des leaders de l’industrie, a été invité à participer au séminaire et a remporté trois prix lors de l’événement. Le prix Outstanding CTO a été remis à Liu Yafeng, directeur principal en recherche et développe (R&D) chez Risen Energy. Leur détermination à demeurer à l’avant-garde des tendances de l’industrie a permis à Liu Yafeng et à l’équipe de R&D de Risen Energy d’être nommés dans la catégorie des modules PV à grandes tranches de silicium de 210 mm à hétérojonction. Malgré plusieurs défis techniques, l’équipe a mis au point la gamme de modules Titan ainsi que les modules de cellules à hétérojonction à haut rendement, qui font référence dans l’industrie pour les modules de 5e et 6e générations. À l’avenir, la combinaison de la gamme Titan et des modules à hétérojonction devrait permettre à l’industrie de passer à la 7e génération de modules PV.

Les modules phares de la gamme Titan de Risen Energy, dotés de tranches de 210 mm, réduisent davantage le coût des autres composants du système tout en augmentant la puissance des modules d’environ 2 à 3 % grâce à la technologie des barres omnibus multiples (MBB) de pointe. De plus, avec la technologie de découpe non destructive à basse température, les modules réduisent efficacement le risque de fissures cachées tout en conservant un niveau de stabilité plus élevé, répondant aux besoins d’applications multiples. Grâce à son excellent rendement et sa qualité supérieure, la gamme Titan a acquis une bonne réputation auprès des clients et a reçu la reconnaissance du marché dès son lancement. Pour les mêmes raisons, la gamme a remporté le prix Golden Module de 2021. Risen Energy a également remporté le prix Technology Innovation Enterprise pour les avantages qu’offre l’application de la technologie des modules et la mise à niveau des produits.

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SOURCE Risen Energy Co., Ltd

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Worldwide Battery Charger Industry to 2026 – by Accutronics, Analytic Systems Ware and Anoma Among Others

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DUBLIN, May 7, 2021 /PRNewswire/ — The “Battery Charger Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.

The global battery charger market reached a value of US$ 21.7 Billion in 2020. A battery charger is a device which is used for transferring energy into a rechargeable battery by passing an electric current through it. Some battery chargers need to be manually disconnected by the constant voltage source whereas others may use a timer for cutting off the power at fixed intervals. Currently, the expansion of the electronics industry is the primary factor catalysing the demand for battery chargers. An increasing demand for electrical vehicles (EVs) and connected devices acts as another major force stimulating the growth of the battery charger market.

Over the years, several trends have been observed in the market like miniaturisation which have made these chargers powerful and faster, yet increasingly compact in size. In addition, various developments have been made so that battery chargers can cater to different functions without the need for separate cables. Growing focus and awareness regarding the importance of charging management is further encouraging the manufacturers to develop safe and rapid charging technologies. Apart from this, in order to expand their consumer-base, manufacturers have introduced wireless, smart and high temperature-resistant battery chargers. Looking forward, the publisher expects the global battery charger market to exhibit moderate growth during 2021-2026.

The competitive landscape of the market has also been examined with some of the key players being Accutronics Limited, Analytic Systems Ware Ltd., Anoma Corporation, Associated Equipment Corporation, Energizer Holdings Inc., Exide Technologies, Ferro Magnetics Corporation, FRIWO AG, HindlePower, Inc., Panasonic Corporation of North America, Phihong USA Corporation, Powerbase Industrial (HK) Ltd., Saft S.A., Salcomp Plc, Schumacher Electric Corporation, Scud (Fujian) Electronics Co. Ltd., Shun Shing Standard Corporation Development Ltd., Spectrum Brands Inc. (Rayovac Division), Uniross Batteries S.A.S, Yuasa Battery Inc. and others.

This report provides a deep insight into the global battery charger market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the battery charger industry in any manner.

Key Questions Answered in This Report:

  • How has the global battery charger market performed so far and how will it perform in the coming years?
  • What are the key regions in the global battery charger market?
  • What has been the impact of COVID-19 on the global battery charger market?
  • What are the major application segments in the global battery charger market?
  • What are the major categories in the global battery charger market?
  • What are the major product types in the global battery charger market?
  • What are the various stages in the value chain of the global battery charger market?
  • What are the key driving factors and challenges in the global battery charger market?
  • What is the structure of the global battery charger market and who are the key players?
  • What is the degree of competition in the global battery charger market?
  • How are battery chargers manufactured?

Key Topics Covered:

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary /Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Battery Charger Market
5.1 Market Overview
5.2 Market Performance
5.3 Price Analysis
5.3.1 Key Price Indicators
5.3.2 Price Structure
5.3.3 Margin Analysis
5.4 Impact of COVID-19
5.5 Market Breakup by Application
5.6 Market Breakup by Category
5.7 Market Breakup by Product Type
5.8 Market Breakup by Region
5.9 Market Forecast
5.10 SWOT Analysis
5.10.1 Overview
5.10.2 Strengths
5.10.3 Weaknesses
5.10.4 Opportunities
5.10.5 Threats
5.11 Value Chain Analysis
5.11.1 Overview
5.11.2 Research and Development
5.11.3 Raw Material Procurement
5.11.4 Manufacturing
5.11.5 Marketing
5.11.6 Distribution
5.11.7 End-Use
5.12 Porter’s Five Forces Analysis
5.12.1 Overview
5.12.2 Bargaining Power of Buyers
5.12.3 Bargaining Power of Suppliers
5.12.4 Degree of Competition
5.12.5 Threat of New Entrants
5.12.6 Threat of Substitutes

6 Market Breakup by Application
6.1 Smartphones
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Laptops
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Electric Vehicles
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Tablets
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Digital Cameras
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Feature Phones
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Others
6.7.1 Market Trends
6.7.2 Market Forecast

7 Market Breakup by Category
7.1 OEM
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Replacement
7.2.1 Market Trends
7.2.2 Market Forecast

8 Market Breakup by Product Type
8.1 Wired
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Wireless
8.2.1 Market Trends
8.2.2 Market Forecast

9 Market Breakup by Region
9.1 Asia Pacific
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 North America
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Europe
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Middle East and Africa
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Latin America
9.5.1 Market Trends
9.5.2 Market Forecast

10 Battery Charger Manufacturing Process
10.1 Product Overview
10.2 Raw Material Requirements
10.3 Manufacturing Process
10.4 Key Success and Risk Factors

11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
11.3.1 Accutronics Limited
11.3.2 Analytic Systems Ware Ltd.
11.3.3 Anoma Corporation
11.3.4 Associated Equipment Corporation
11.3.5 Energizer Holdings Inc.
11.3.6 Exide Technologies
11.3.7 Ferro Magnetics Corporation
11.3.8 FRIWO AG
11.3.9 HindlePower Inc.
11.3.10 Panasonic Corporation of North America
11.3.11 Phihong USA Corporation
11.3.12 Powerbase Industrial (HK) Ltd.
11.3.13 Saft S.A
11.3.14 Salcomp Plc
11.3.15 Schumacher Electric Corporation
11.3.16 Scud (Fujian) Electronics Co. Ltd.
11.3.17 Shun Shing Standard Corporation Development Ltd.
11.3.18 Spectrum Brands Inc.
11.3.19 Uniross Batteries S.A.S
11.3.20 Yuasa Battery Inc.

For more information about this report visit https://www.researchandmarkets.com/r/cxoodj

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

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SOURCE Research and Markets

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