Battery Monitoring System Market to Witness Steady Growth at +18.25 % CAGR with Market Valuation Of USD 5.75 Billion by 2025: Top Key Players like NDSL, Texas Instruments, Powershield, Batterydaq, Canara, Eagle Eye, HBL, Btech, SBS, Schneider Electric, AB

Global Battery Monitoring System market is valued approximately USD 2.10 billion in 2017 and is anticipated to grow with a growth rate of more than 18.25 % over the forecast period 2018-2025. Battery Monitoring System Market explores effective study on varied sections of Industry like opportunities, size, growth, technology, demand and trend of high leading players. It also provides market key statistics on the status of companies, a valuable source of guidance, direction for companies and individuals interested in the industry.

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The advancements in battery technology is considered as a major growth trend for the global battery monitoring system market. Key drivers for the battery monitoring system market are increasing operational efficiencies of batteries, growing adoption of electric vehicles, coupled with growing investment in data centers. Growing demand for electrical vehicles is significantly driving the demand for battery monitoring system. As batteries are widely being used in electrical vehicles to power an electric motor, turn the wheels and more applications.

Thus, battery monitoring system are used in electrical vehicles to know the state of the battery and also to predict batteries replacement. Battery monitoring system in electric vehicle calculate the state of health of multiple batteries in a battery bank. Batteries in electric vehicle should never be over or under discharge in order to avoid any circumstance thus require monitoring of voltage and current that lead towards high demand for battery monitoring systems thereby significantly adding growth in the market. According to International Renewable Energy Agency, demand for electric passenger car is expected to increase over 200 million in 2020 as compared to 2 million in 2016. Further, the number of electric two and three wheeler vehicles on road are expected to cross 900 million by 2030.

In addition, as per the source, electric buses and light duty vehicles in number is expected to cross 10 million by 2030. Thus, growing demand for electric vehicle is significantly supplementing the adoption & growth battery monitoring system. Furthermore, growing renewable power generation capacity is expected to create lucrative growth prospects of the battery monitoring system market across the globe. However, high cost of battery monitoring system associated with large battery solutions act as a key restraint for the market during the forecast period.

The Major Market Players included in this report are:
• NDSL
• Texas Instruments
• Powershield
• Batterydaq
• Canara
• Eagle Eye
• HBL
• Btech
• SBS
• Schneider Electric
• ABB
• Socomec
• Curtis
• ….

No of Pages: 200

On the basis of segmentation, the battery monitoring system market is segmented into component, type, battery type and end-user. The component segment is classified into software and hardware of which hardware segment dominates the market owing to simple installation, reduced need for cabling, recording capabilities, fast data sampling. On the basis of battery type, the market is bifurcated into lithium ion, lead acid.

Lithium ion-based segment is expected to dominate battery type segment owing to its wide application in electric vehicles. On the basis of end-user segment the market is classified into telecommunication, automotive, energy industries and other end-users out of which telecommunication is expected to grow at a lucrative rate. This growth is attributable owing to rising data centers. Data centers are prime users of battery monitoring system for performance of backup battery power systems.

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The regional analysis of battery monitoring system market is considered for the key regions such as North America, Europe, Asia Pacific, Latin America and ROW. North America holds the leading position in battery monitoring system market due to increasing investment in data centers coupled with increasing power generating capacities.

Whereas, Asia-Pacific is expected to emerge as the fastest growing region in terms of market share. This growth in the region is attributable owing to significant efforts by the government to reduce greenhouse gases. The growth of Asia-Pacific region is witnessed owing to the untapped opportunities in countries such as India and China.

The detailed segments and sub-segment of the market are explained below:

By Component
• Hardware
• Software
By Type
• Wired
• Wireless
By Battery Type
• Lithium-Ion Based
• Lead-Acid
• Others
By End-User
• Telecommunication
• Automotive
• Energy
• Industries
• Others


The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

Target Audience of the Global Battery Monitoring System Market in Market Study:

• Key Consulting Companies & Advisors
• Large, medium-sized, and small enterprises
• Venture capitalists
• Value-Added Resellers (VARs)
• Third-party knowledge providers
• Investment bankers
• Investors

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Table of Contents:
Table 1. List of secondary sources, used in the study of Battery Monitoring System market
Table 2. List of primary sources, used in the study of Battery Monitoring System market
Table 3. Battery Monitoring System market, report scope
Table 4. Years considered for the study
Table 5. Exchange rates considered
Table 6. Battery Monitoring System market estimates & forecasts by region 2015-2025 (usd billion)
Table 7. Battery Monitoring System market estimates & forecasts by component 2015-2025 (usd billion)
Table 8. Battery Monitoring System market estimates & forecasts by type 2015-2025 (usd billion)
Table 9. Battery Monitoring System market by segment, estimates & forecasts, 2015-2025 (usd billion)
Table 10. Battery Monitoring System market by region, estimates & forecasts, 2015-2025 (usd billion)
Table 11. Battery Monitoring System market by segment, estimates & forecasts, 2015-2025 (usd billion)
Table 12. Battery Monitoring System market by region, estimates & forecasts, 2015-2025 (usd billion)
Table 13. Battery Monitoring System market by segment, estimates & forecasts, 2015-2025 (usd billion)
Table 14. Battery Monitoring System market by region, estimates & forecasts, 2015-2025 (usd billion)
Table 15. Battery Monitoring System market by segment, estimates & forecasts, 2015-2025 (usd billion)
Continued….

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