Battery Monitoring Systems Global Market Steadily Grow At A CAGR Of 22.95% Throughout The Forecast Period 2017 - 2021

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Battery monitoring systems comprise monitoring and control units, sensors, and software that are used to maintain and monitor battery health under optimal condition to make sure that it is performing to its full potential. The numerous advantages that batteries offer over other similar energy storage technologies and technological developments in different battery technologies over the years have increased the adoption of batteries for energy storage used in emergency and grid-scale applications. The use of these cells in highly demanding conditions where they regularly operate outside the quantified state leads to quicker degradation of the cell, thereby upsurging the chances of failure.

Technavios analysts forecast the global battery monitoring systems market to grow at a CAGR of 22.95% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global battery monitoring systems market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Battery Monitoring Systems Market 2017-2021, 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
General Electric
NDSL Group
Vertiv

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Other prominent vendors
6th Energy Technologies
BatteryDAQ
Canara
Curtis Instruments
Dukosi
Eagle Eye Power Solutions
Eberspcher
Efftronics Systems
Enertect
GENEREX Systems
HBL Power Systems
Johnson Matthey Battery Systems
Linear Technology
Midtronics Stationary Power
Nuvation
PowerShield
Schneider Electric
Sosaley Technologies
Texas Instruments

Market driver
Improved consumer spending
For a full, detailed list, view our report

Market challenge
Lead pollution and stringent laws
For a full, detailed list, view our report

Market trend
Need for continual power supply spurring the use of ESS
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?

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