Press release
Battery Management System Market 2020: Analysis, Top Companies, Size, Share, Demand and Opportunity To 2025
According to IMARC Group’s latest report, titled “Battery Management System Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,”. Looking forward, IMARC Group expects the global battery management system market to continue its strong growth during the next five years.The battery management system is an electronic device that regulates the usage and performance of the battery. It collects and analyzes operational data from individual cells in the battery pack. Furthermore, battery management system also calculates the energy remaining in the battery and keeps constant check for shorts, loose connections, or breakdowns in wire insulation. As a result, it is widely adopted across various industries, including automotive, telecommunications, healthcare, etc.
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Market Trends
The expanding automobile sector, along with the rising demand for hybrid electric vehicles, has primarily augmented the market for battery management system. Furthermore, the introduction of favorable government policies to control carbon emissions from fuel-driven vehicles has led to the rising adoption of electric vehicles, thereby catalyzing the product demand. Besides this, the increasing penetration of battery-operated vehicles in the public transport fleet is also driving the demand for BMS in the automotive sector. Moreover, continuous upgradations in off-grid renewable energy generation plants have escalated the requirement of BMS solutions for maintaining the power flow measurement, controlling power production and distribution, monitoring electricity usage information, etc. Additionally, the rising adoption of rechargeable batteries in consumer electronic devices and innovative cloud-based battery management systems will continue to drive the BMS market growth.
Battery Management System Market 2020-2025 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
• Eberspaecher Vecture
• Elithion Inc.
• Johnson Matthey
• Leclanche
• Lithium Balance
• Navitas Systems LLC (East Penn Manufacturing Company)
• Nuvation Engineering
• NXP Semiconductor N.V.
• Storage Battery Systems LLC
• Valence Technology Inc. (Lithium Werks B.V.).
The report has segmented the market on the basis of battery type, type, application, topology and region.
Breakup by Battery Type:
• Lithium-Ion Based
• Lead-Acid Based
• Nickel Based
• Others
Breakup by Type:
• Motive Battery
• Stationary Battery
Breakup by Topology:
• Centralized
• Distributed
• Modular
Breakup by Application:
• Automotive
o Electric Vehicles
o E-Bikes
o Golf Carts
• Military and Defense
• Healthcare
• Consumer Electronics
• Telecommunications
• Renewable Energy Systems
• Others
Explore full report with table of contents: https://www.imarcgroup.com/battery-management-system-market
Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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