Press release
Battery Management System Market: Infrastructural Advancements Set to Boost Growth during the Forecast Period | Key Players - Eberspaecher Vecture , Toshiba Corporation , L&T Technology Services , AVL List GmbH , Lithium Balance , Johnson Matthey
Electrification of the automotive industry that heavily relies on batteries
Development of high power batteries and increasing demand for improved battery management system
Significant investments by OEMs to develop efficient and reliable battery management systems
Get free Sample Report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=2447
The study foresees that centralized topology in the battery management system market will continue to hold a larger market share. In 2019, volume sales of centralized topology are expected to account for over four-fifth share of battery management system market.
According to the Fact.MR study, battery management unit component is projected to account for over 73% volume sales in 2019. However, the communication unit component witnessed a significant y-o-y growth of 21% in 2018 against the backdrop of increasing demand for electric vehicles and consumer handheld appliances—the status-quo is likely to continue in 2019.
In a bid to meet the demand for lightweight and fuel efficient vehicles, automotive industry’s reliance on electronic components has increased significantly. Additionally, emergence of electric vehicles and consistent innovations to introduce improved battery performance are likely to increase demand for battery management systems in the future.
Fact.MR estimates that automotive industry continues to register a significant demand for battery management system and accounted for over two-fifth volume sales in 2018. Demand for battery management system in the energy-related applications is projected to register the second highest demand for battery management systems.
Battery management system provides an efficient energy storage system loading control strategy with improved energy utilization efficiency and optimized energy load characteristics. Further, increased emphasis on the installation of renewable energy sources across the world and development of lithium batteries with enhanced performance and lifecycle have necessitated the installation of battery management system in the power-related applications.
The study finds that sales of battery management system in telecommunication and consumer handheld applications are also expected to rise in the coming years. Globally, consumer electronics, especially handheld devices such as smartphone and tablets find an extensive application. In the telecommunication industry, to maintain the services of network infrastructure up and running, batteries are plating vital role, in turn, generating demand for battery management system.
For more Information on this Report, click @ https://www.factmr.com/report/2447/battery-management-system-market
North America Continues Ascendancy in the Market, APEJ and MEA to Witness Higher Growth Rate
With volume sales of nearly 4 million units, North America is projected to reserve its pole position in the battery management system market in 2019. Europe is estimated to follow North America, albeit growing at a faster rate. These developed regions with their flourishing automotive industry and increasing power demand present the most lucrative market for battery management system.
Developing countries such as China and GCC countries in APEJ and MEA regions present growing demand for battery management system. Fact.MR study finds that APEJ and MEA will witness rapid growth in the coming years, wherein both the regions are expected to register over 23% growth in 2019.
As battery management system enhances battery lifespan and improves overall battery performance, battery-based device manufacturers prefer reliable and certified products distributed through original equipment manufacturers (OEM). These end-user sentiments explain the dominance of Tier 1 players in the battery management system market.
In the consolidated marketplace, top players are leveraging merger, acquisition and collaboration strategies to increase their revenue share in the market. These business developments are aimed at delivering efficient and high quality battery management system to stay ahead of end-user demand for accurate and reliable services.
The Fact.MR report tracks the battery management system market for the period 2018-2027. According to the report, the battery management system market is projected to grow at an impressive 21.2% CAGR through 2027.
Have Any Query? Discuss with Our Expert Team @ https://www.factmr.com/connectus/sample?flag=AE&rep_id=2447
About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
Contact Us
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
Blog: https://factmrblog.com/
Read Industry News at - https://www.industrynewsanalysis.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Battery Management System Market: Infrastructural Advancements Set to Boost Growth during the Forecast Period | Key Players - Eberspaecher Vecture , Toshiba Corporation , L&T Technology Services , AVL List GmbH , Lithium Balance , Johnson Matthey here
News-ID: 1761077 • Views: …
More Releases from Fact.MR
Recycled Paper Bags Market is Expected to Reach a Valuation of USD 7 billion by …
The global recycled paper bags market is poised for steady expansion in the coming decade. As of 2025, the market is estimated at USD 5 billion, and projections indicate it will increase to approximately USD 7 billion by 2035, achieving a compound annual growth rate (CAGR) of 3.4 percent over this period. This growth is fuelled by increasing regulatory pressure on single-use plastics, rising consumer preference for sustainable packaging, and…
Himalayan Salt Market is Expected to Reach a Valuation of USD 868.3 million by 2 …
The Himalayan salt market has been experiencing consistent growth, fueled by rising consumer awareness of natural and wellness-oriented products. Market projections indicate that the global Himalayan salt industry will expand from USD 528 million in 2025 to USD 868.3 million by 2035, reflecting a compound annual growth rate (CAGR) of 5.1 percent. This growth is not only tied to the increasing popularity of Himalayan salt as a culinary ingredient but…
Tinplate Market is Expected to Reach a Valuation of USD 35.4 billion by 2035 | F …
The global tinplate market is projected to increase from USD 25.8 billion in 2025 to USD 35.4 billion by 2035, registering a compound annual growth rate (CAGR) of 3.2 percent during the forecast period. This growth is being driven by a rising emphasis on sustainable, recyclable packaging solutions, alongside the strong performance of the food and beverage industry. Tinplate is increasingly favored due to its durability, corrosion resistance, and recyclability,…
Sulphur-Coated Urea Market is Expected to Reach a Valuation of USD 7.5 billion b …
The global sulphur-coated urea market is entering a phase of robust expansion. The market is expected to rise from USD 4.0 billion in 2025 to USD 7.5 billion by 2035, registering a compound annual growth rate (CAGR) of 6.5 percent over the forecast period. This growth highlights the increasing importance of controlled-release fertilizers in modern agriculture, where nutrient efficiency and reduced losses are becoming critical priorities.
Segmentation of the Sulphur-Coated Urea…
More Releases for Battery
Thin Film Micro Battery Market, By Rechargeability (Primary Battery, Secondary B …
The thin film micro battery market is expected to witness market growth at a rate of 30.9% in the forecast period of 2022 to 2029. Data Bridge Market Research report on thin film micro battery market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the demand for the Internet of Things (IoT)…
Deep Cycle Gel Battery Market 2022 Analysis by Top Leading Players | Trojan Batt …
The Deep Cycle Gel Battery Market report offers qualitative and quantitative insights as well as a thorough examination of the market size and expansion rate of all potential market segments. The report has been put together using primary and secondary research methodologies, which offer an exact and detailed understanding of the Deep Cycle Gel Battery market. The Deep Cycle Gel Battery Market is projected to succeed at a CAGR of…
Global Power Energy Storage Battery Market 2019 - Lithium Ion Battery,All-vanadi …
Power Energy Storage Battery Market
The Global Power Energy Storage Battery Market 2019 Research Report incorporates a total and careful investigation of Power Energy Storage Battery industry covering diverse perspectives like market volume, piece of the overall industry, advertise techniques, Power Energy Storage Battery development patterns, assortment of uses, use volume, request and supply examination, creation limit and Power Energy Storage Battery industry cost structures amid Forecast period from…
Space Battery Market analysis report- with Leading players, Types Nickel-based B …
Space Battery Market
The Space Battery Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The report also analyzes the development proposals and the feasibility of new investments. The Space Battery Market report has been collated in order to provide guidance and direction to the companies and individuals interested in buying this…
Global EV Battery Recycling Market : Nickel–Cadmium Battery, Nickel–Metal Hy …
The EV Battery Recycling Market Research Report consists of all the essential information in regards to the global market. This report presents an in-depth analysis of various industry factors, such as the market trends, dynamics, production, estimates, industry development drivers, size, share, investigation, supply, forecast trends, sales, industry demand, as well as several other factors.
The Global EV Battery Recycling Market report has been generated leveraging a target amalgamation…
Global Lead Acid UPS Battery Market 2017 : Sebang Global Battery, CSB Battery, H …
Global Lead Acid UPS Battery Market 2016-2017
A market study based on the " Lead Acid UPS Battery Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Lead Acid UPS Battery Market 2017’. The research report analyses the historical as well as present performance of the worldwide Lead Acid UPS Battery industry, and makes predictions on the future status of Lead Acid UPS Battery…
