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Automotive Battery Sensor Market Will Generate Record Revenue by 2029

11-22-2023 11:18 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Automotive Battery Sensor Market Will Generate Record Revenue

The global automotive battery sensor market is anticipated to grow at a CAGR of 6.5% during the forecast period (2023-2030). The market's growth is attributed to the growing demand for advancements in battery technology across the globe. Significant improvements in lithium-ion battery technology have resulted in increased energy densities, better performance, and reduced costs. The aforementioned advances have increased the viability and appeal of electric vehicles for consumers in developing nations where cost-effectiveness is essential. According to MDPI, safety is of importance for automotive lithium-ion battery (LIB) applications, particularly for electric vehicle applications utilizing batteries with high energy density and capacity. 

For instance, in October 2022, Sensata Technologies launched a new battery management system, the Lithium Balance n3-BMS, for high-voltage applications. The company stated that Lithium Balance n3-BMS is ideal for applications up to 1000 volts/2000 amps, such as electric trucks, heavy commercial vehicles, and buses. Furthermore, In the event of an internal or external flaw in the cell, there are significant safety issues that could result, such as the creation of toxic and flammable gases, fire, and explosion. A warning for passengers must be given at least five minutes before serious occurrences, according to new legislation (GB 38031-2020). Modern battery monitoring is hardly ever able to satisfy this criterion. This study examines in detail the gases created during battery failure before and during a thermal runaway (TR), and it tests and recommends the usage of several gas sensors as early battery event detectors. Several commercially available gas sensors are placed to the test in four battery failure scenarios: intentional electrolysis of voltage-carrying components, electrolyte vapor, first venting of the cell, and the TR. The trials demonstrate that it is possible to detect battery failure utilizing gas sensors; however, this depends significantly on the type of failure. The selected gas sensor can pick up gases from modern LIBs that have been degassed, as well as H2 from unintentional electrolysis, electrolyte vapor, and other gases. These results could have a big impact on battery safety and failure detection.

To Request a Sample of our Report on Automotive Battery Sensor Market:  https://www.omrglobal.com/request-sample/automotive-battery-sensor-market

Market Coverage

The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030

Segment Covered- 

By Vehicle Type
? Fully Electric
? Hybrid
By Voltage
By Communication Technology Type

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- includes DENSO Corporation, E-Eighteen.com Ltd., Furukawa Electric Co., Ltd., HELLA GmbH & Co. KGaA, Infineon Technologies AG and others.

Automotive Battery Sensor Market Report Segment

By Vehicle Type

Fully Electric
Heavy Commercial Vehicle
Light Commercial Vehicle
Passanger car

Hybrid

Heavy Commercial Vehicle
Light Commercial Vehicle
Passanger car

By Voltage

48 V
24 V
12 V

By Communication Technology Type

Controller Area Network (CAN)
Local Interconnect Network (LIN)

A full Report of Automotive Battery Sensor Market is Available @  https://www.omrglobal.com/industry-reports/automotive-battery-sensor-market

Automotive Battery Sensor Market Report Segment by Region

North America                                                                                                                                                                            

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles

DENSO Corporation
E-Eighteen.com Ltd.
Furukawa Electric Co., Ltd.  
HELLA GmbH & Co. KGaA
Infineon Technologies AG
inomatic GmbH  
LEM HOLDING SA 
Metis Engineering Ltd, 
Microchip Technology Inc.
Mouser Electronics, Inc.
NXP B.V.
systec Automotive GmbH

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/automotive-battery-sensor-market

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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