18.23% Growth Rate for Battery Monitoring System Market by 2022 | NDSL, Texas Instruments, Power Shield, Battery DAQ, Canara, Eagle Eye

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ReportsnReports adds ‘Battery Monitoring System Market’ to its store. This is a professional and depth research report on Battery Monitoring System industry that would help to know the world's major regional market conditions of Battery Monitoring System industry, the main region including North American, Asia Pacific, Europe etc.

The Battery Monitoring System Market is projected to reach US$ 5.47 Billion by 2022, from an estimated US$ 2.37 Billion in 2017, at a CAGR of 18.23%, during the forecast period. 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.

Top Key Players in this “Battery Monitoring System Market” include are
• NDSL (UK)
• Texas Instruments (US)
• Power Shield (New Zealand)
• Battery DAQ (US)
• Canara (US)
• Eagle Eye (US)

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The hardware segment is estimated to be the fastest-growing battery monitoring system market, by component, from 2017 to 2022. The growth of this segment can be attributed to simple installation, reduced need of cabling, and fast data sampling of components such as sensors, hub, and controllers. Asia Pacific and North America are the key markets for hardware due to the rising demand for monitoring the state of health and state of charge of batteries with the help of hardware components.

North America is expected to be the largest market for battery monitoring systems in 2017, followed by Asia Pacific and Europe. The market in North America is driven by rising electric vehicle sales, growing investments in datacenters, and rising renewable power generation capacities in the region. It is projected to grow at the second-fastest rate during the forecast period. The US and Canada are estimated to be the largest markets for battery monitoring systems in the region.

Research Coverage:
The report defines, describes, and forecasts the global battery monitoring system market by component, type, battery type, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges.

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The report’s target audience includes:
• Battery monitoring system manufacturers and suppliers
• Component manufacturers and suppliers
• Consulting companies in the power sector
• Electric utilities
• Government and power research organizations
• Manufacturing industries

Reason to buy this report:
• The report identifies and addresses the key markets for battery monitoring systems, which would help suppliers review the growth in demand for the product.
• The report helps solutions providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
• The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.

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