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Automotive Lithium-Ion Battery Management System Market rowth Opportunities, Current Trends and Revenue Market Forecast 2027
Automotive Lithium-Ion Battery Management System Market
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Geographies covered
North America (the U.S. and Canada), Europe (Germany, the UK, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of LATAM) and The Middle East and Africa
Companies covered
Major players analyzed include BYD Company Ltd., LG Chem Ltd., Panasonic Corp, Samsung SDI, GS Yuasa Corp, Hitachi Chemical, Toshiba Corp, A123 Systems LLC, Ecobalt Solutions, and Tesla Inc.
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Top impacting factors: market scenario analysis, trends, drivers and impact analysis
Growth in trend of electric vehicles, need for effective electric grid management, and increase in requirement for battery monitoring in renewable energy systems drive the growth of the global market. However, lack of standardized regulations for developing lithium-ion battery management systems is expected to hamper the growth of the market. On the contrary, increase in adoption of battery-operated public transport vehicles & government initiatives encouraging the use of electric vehicles and setting up of e-charging stations creates a favorable condition for the adoption of electric vehicles, which are anticipated to provide lucrative opportunity for the market growth.
The automotive lithium-ion battery management system market trends are as follows:
Increase in adoption of battery-operated public transport vehicles
The transportation segment is the second largest contributor to the carbon-emissions after the industrial segment and due to increase in the prices of petrol and diesel, an indirect push toward the battery-operated vehicles has been observed. Several carbon-discharge controlling regulations regarding fuel-operated buses have compelled manufacturers to take measures for reducing its fuel consumption significantly; thereby increasing 100,000 electric buses on road by 2020. With increase in number of electric buses deployed, there will be reduction in the emission of greenhouse gases and air pollutants. Therefore, growing demand for low-carbon emitting buses boosts the growth of the automotive lithium-ion battery management system market.
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Key benefits of the report:
1 This study presents the analytical depiction of the automotive lithium-ion battery management system industry along with the current trends and future estimations to determine the imminent investment pockets.
2 The report presents information related to key drivers, restraints, and opportunities along with challenges of the market.
3 The current market is quantitatively analyzed from 2019 to 2027 to highlight the automotive lithium-ion battery management system market growth scenario.
4 We can also determine that lithium-ion battery will remain a significant revenue shareholder in the automotive lithium-ion battery management system market during the forecast period.
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About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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