Press release
Global Battery Monitoring IC Market to Reach US$ 4.8 Bn by 2031, Driven by 11.3% CAGR: TMR Analysis
Battery Monitoring IC Market
Download Sample PDF from Here- https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=84963&utm_source=Openpr&utm_medium=Amit
Global Battery Monitoring IC Market Introduction
Battery management systems, available in master-slave or single board architecture, are essential for overcharge/deep discharge protection, over/under voltage, over current, over/under temperature, pre-charge, and short circuit protection. These systems are integrated with specific algorithms such as state-of-charge (SOC), state-of-health (SOH), cell/module balancing, and real-time control over charge/discharge current. The rising demand for battery management systems in utility grid support, commercial and industrial facilities, residential energy storage, and specialty vehicle applications is driving the battery monitoring IC market.
Increased Adoption of EV Battery Monitoring Systems
The adoption of electric vehicles (EVs) is surging, driven by increased awareness about their benefits and ongoing research and development efforts aimed at improving EV performance. According to the International Energy Agency (IEA), global EV sales doubled in 2021, accounting for approximately 9% of the car market. In the first quarter of 2022, EV sales reached 2 million, marking a 75% increase compared to the first three months of 2021. The integration of automotive battery management system ICs is crucial for monitoring parameters such as cell voltage, battery life and health, safety, and charging-discharging rates, thus ensuring efficient battery performance.
Rise in Demand for Multi-cell Battery Monitoring ICs
The use of large-scale battery arrays for backup and energy storage is on the rise, particularly in applications like EVs, hybrid-electric vehicles (HEVs), power tools, lawn equipment, and uninterruptible power supplies. Multi-cell ICs play a vital role in determining battery pack SOC and SOH, providing essential information for monitoring battery charge and determining remaining battery pack capacity and overall life expectancy. Renesas Electronics Corporation introduced a new family of multi-cell battery front-end ICs in November 2021, enhancing battery development for high-voltage applications.
Access Full Report from Here - https://www.transparencymarketresearch.com/battery-monitoring-ic-market.html
Regional Outlook
Asia Pacific dominated the global battery monitoring IC market (배터리 모니터링 IC 시장) in 2021, driven by the presence of numerous industry participants and significant research and development activities. The region's expanding EV market and supportive government initiatives further boost market growth. Europe and North America are also significant markets, with Europe benefiting from its major automotive manufacturers and Asia Pacific from its rapidly expanding consumer electronics industry.
Key Players:
• Texas Instruments Incorporated.
• Analog Devices, Inc.
• Maxim Integrated
• NXP Semiconductors.
• Renesas Electronics Corporation.
• Monolithic Power Systems, Inc.
• Microchip Technology Inc.
• STMicroelectronics
• Panasonic
• Diodes Incorporated
• Nisshinbo Micro Devices Inc.
• ROHM Co. Ltd
• Infineon Technologies AG
Recent Developments:
• Infineon Technologies AG (April 2022): Introduced a new family of battery management ICs for battery cell monitoring and balancing, enhancing system-level solutions for battery modules.
• Renesas Electronics Corporation (February 2022): Launched a new series of multi-cell Battery Front End (BFE) ICs for high-voltage battery packs used in e-scooters, energy storage, and high-voltage power tools.
• Nuvoton Technology Corporation Japan (November 2021): Announced enhanced functional safety lead-acid battery monitoring ICs for automotive battery management systems, simplifying in-vehicle battery system connections.
• DENSO Corporation (2020): Developed a new generation battery-monitoring IC for lithium-ion batteries, featured in the Toyota Yaris and future electric vehicles.
Click Here to Purchase this Comprehensive Insights Report @ https://www.transparencymarketresearch.com/checkout.php?rep_id=84963<ype=S&utm_source=Openpr&utm_medium=Amit
More Trending Reports-
Fault Detection and Classification (FDC) Market (Markt für Fehlererkennung und -klassifizierung (FDC)): https://www.transparencymarketresearch.com/fault-detection-and-classification-market.html
Surge Protection Devices Market (Marché des dispositifs de protection contre les surtensions): https://www.transparencymarketresearch.com/surge-protection-devices-market.html
About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
Contact Us:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Battery Monitoring IC Market to Reach US$ 4.8 Bn by 2031, Driven by 11.3% CAGR: TMR Analysis here
News-ID: 3577218 • Views: …
More Releases from Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth.
Uncover essential discoveries and trends from…
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth.
Discover essential conclusions and data from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100
Analysts' Viewpoint
The Technetium‐99m…
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine…
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,…
More Releases for Battery
Thin Film Micro Battery Market, By Rechargeability (Primary Battery, Secondary B …
The thin film micro battery market is expected to witness market growth at a rate of 30.9% in the forecast period of 2022 to 2029. Data Bridge Market Research report on thin film micro battery market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the demand for the Internet of Things (IoT)…
Deep Cycle Gel Battery Market 2022 Analysis by Top Leading Players | Trojan Batt …
The Deep Cycle Gel Battery Market report offers qualitative and quantitative insights as well as a thorough examination of the market size and expansion rate of all potential market segments. The report has been put together using primary and secondary research methodologies, which offer an exact and detailed understanding of the Deep Cycle Gel Battery market. The Deep Cycle Gel Battery Market is projected to succeed at a CAGR of…
Global Power Energy Storage Battery Market 2019 - Lithium Ion Battery,All-vanadi …
Power Energy Storage Battery Market
The Global Power Energy Storage Battery Market 2019 Research Report incorporates a total and careful investigation of Power Energy Storage Battery industry covering diverse perspectives like market volume, piece of the overall industry, advertise techniques, Power Energy Storage Battery development patterns, assortment of uses, use volume, request and supply examination, creation limit and Power Energy Storage Battery industry cost structures amid Forecast period from…
Space Battery Market analysis report- with Leading players, Types Nickel-based B …
Space Battery Market
The Space Battery Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The report also analyzes the development proposals and the feasibility of new investments. The Space Battery Market report has been collated in order to provide guidance and direction to the companies and individuals interested in buying this…
Global EV Battery Recycling Market : Nickel–Cadmium Battery, Nickel–Metal Hy …
The EV Battery Recycling Market Research Report consists of all the essential information in regards to the global market. This report presents an in-depth analysis of various industry factors, such as the market trends, dynamics, production, estimates, industry development drivers, size, share, investigation, supply, forecast trends, sales, industry demand, as well as several other factors.
The Global EV Battery Recycling Market report has been generated leveraging a target amalgamation…
Global Lead Acid UPS Battery Market 2017 : Sebang Global Battery, CSB Battery, H …
Global Lead Acid UPS Battery Market 2016-2017
A market study based on the " Lead Acid UPS Battery Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Lead Acid UPS Battery Market 2017’. The research report analyses the historical as well as present performance of the worldwide Lead Acid UPS Battery industry, and makes predictions on the future status of Lead Acid UPS Battery…
