Press release
Battery Management System Market Size, Scope, Analysis, Share, Trends by 2027
Battery Management System Market Overview:
the global Battery Management market is expected to exhibit a CAGR of 18.9% during 2022-2027. Battery management system (BMS) is an electrical regulator that monitors the performance and usage of a battery. It ensures that the battery operates below the maximum voltage and current levels and collects and analyzes operational data from individual cells. A battery management system is also used for calculating the amount of energy remaining, protecting the battery pack from getting over-charged or discharged, and continuously checking for shorts, loose connections, or breakdowns in wire insulation. As a result, it finds widespread utilization across various sectors, such as telecommunications, healthcare, automotive, consumer electronics, renewable energy, etc.
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Global Battery Management System Market Trends:
The escalating requirement for electric vehicles (EVs) and hybrid electric vehicles (HEVs) across the globe, on account of the rising environmental consciousness, is among the primary factors driving the battery management system market. Besides this, the elevating demand for these regulators in electronic automobiles to manage lithium-ion batteries for longer operational life and higher energy densities than traditional batteries is further augmenting the market growth. Apart from this, the growing popularity of battery management solutions for power flow measurement, controlled energy production and distribution, and monitoring information on electricity usage is also catalyzing the global market. Moreover, the emerging trend of modernization in off-grid renewable power generation plants is acting as another significant growth-inducing factor. Furthermore, the increasing need for rechargeable batteries in consumer electronics and the development of innovative cloud-based techniques are anticipated to propel the battery management system market over the forecasted period.
Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Battery Type, Type, Topology, Application, Region
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape:
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.
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
Electric Vehicles
E-Bikes
Golf Carts
Military and Defense
Healthcare
Consumer Electronics
Telecommunications
Renewable Energy Systems
Others
Breakup by Region:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Sources:
Pyrethroids Market: https://www.imarcgroup.com/pyrethroids-market
Generic Oncology Drugs Market: https://www.imarcgroup.com/generic-oncology-drug-manufacturing-plant
Fresh Cream Market: https://www.imarcgroup.com/fresh-cream-market
Acetic Anhydride Market: https://www.imarcgroup.com/acetic-anhydride-market-report
Travels Bags Market: https://www.imarcgroup.com/travel-bags-market
Pet Bottle Market: https://www.imarcgroup.com/PET-bottle-manufacturing-plant
Oxo Alcohol Market: https://www.imarcgroup.com/oxo-alcohol-technical-material-market-report
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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.
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