Press release
Global Battery Monitoring Solutions Market 2016 to grow at a CAGR of 22.84% by 2020
Battery Monitoring Solutions
About the Battery Monitoring Solutions Market
Battery monitoring solutions comprise monitoring unit, sensors, and software to monitor and maintain battery health at an optimal condition so that it can perform to its full potential. The advantages that batteries offer over other similar storage technologies and the technological developments over the years have increased the adoption of batteries for energy storage used in emergency and grid-scale applications.
Global Battery Monitoring Solutions Market to grow at a CAGR of 22.84% during the period 2016-2020.
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The use of these batteries in conditions where they consistently operate outside the specified state leads to faster degradation of the cell and increases the chances of failure. Typically, 75% of UPS failures are due to battery failure; this can have disastrous and costly consequences. This disadvantage has made batteries a weak link in power systems. Therefore, battery monitoring solutions are being adopted to prevent such failures.
Covered in this report
The report covers the present scenario and the growth prospects of the Global Battery Monitoring Solutions Market for 2016-2020. The revenue calculation is based on the equipment that enables to monitor the batteries. The technologies that are included are battery monitoring units, sensors, and software in different market sectors.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
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Global Battery Monitoring Solutions Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• ABB
• BTECH
• Cellwatch
• Emerson
• GE-Alstom Grid
Other prominent vendors
• 6th Energy
• Battery DAQ
• Canara
• PowerShield
• Texas Instruments
• Vecture
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Market driver
• Rising popularity of electric vehicles
• For a full, detailed list, view our report
Market challenge
• Operational challenges related to lead-acid batteries
• For a full, detailed list, view our report
Market trend
• Intermittency of renewable energy
• For a full, detailed list, view our report
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