Global Battery Monitoring Systems Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 to 2023

Battery monitoring systems comprise monitoring and control units, sensors, and software that are used to maintain and monitor battery health under optimal condition to make sure that it is performing to its full potential. The numerous advantages that batteries offer over other similar energy storage technologies and technological developments in different battery technologies have increased the adoption of batteries for energy storage used in emergency and grid-scale applications. The use of these cells in highly demanding conditions where they regularly operate outside the quantified state leads to quicker degradation of the cell, thereby upsurging the chances of failure.

The need to prevent unplanned outages, increasing demand for electric vehicles, and improved operational efficiency of batteries have boosted the demand for battery monitoring systems. In addition, increasing renewable power generation and the growing use of battery monitoring systems in data center applications would further aid the growth of this market. The high costs of battery monitoring systems for larger battery solutions would act as a restraint for the battery monitoring system market. The increasing market for green data centers is one of the key trends that will contribute to the growth of this market in the forthcoming years. One of the main issues faced by data center operators in developed countries are high power consumption and carbon emissions. This has resulted in creating awareness among enterprises to set up green data center facilities where energy-efficient operations lower the electricity consumption rates and carbon footprints. The Americas is expected to be the major revenue contributor to the battery monitoring systems market throughout the forecast period due to the increases in demand for battery monitoring solutions in the region.

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Over the next five years, Publisher projects that Battery Monitoring Systems will register a 17.8% CAGR in terms of revenue, reach US$ 6150 million by 2023, from US$ 2300 million in 2017.

This report presents a comprehensive overview, market shares, and growth opportunities of Battery Monitoring Systems market by product type, application, key manufacturers and key regions.

To calculate the market size, Publisher considers value and volume generated from the sales of the following segments:

Segmentation by product type:
Lead-Acid Batteries
Li-Ion Batteries
Ni-Cd Batteries

Segmentation by application:
Automotive Industry
Energy Industry
Telecom and Data Center Industry

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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
ABB
BTECH
General Electric
NDSL Group
Vertiv

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Some Points From Table of Content:
1 Scope of the Report
2 Executive Summary
3 Global Battery Monitoring Systems by Players
4 Battery Monitoring Systems by Regions
5 Americas
6 APAC
7 Europe
Continued…

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