Press release
Battery Electronic Control Unit Market for Electric Vehicle Size(Volume & Value), Growth and Development Trends 2017-2025
This exclusive report will provide you with the market size and forecast (US$ Mn) for the global market and its segments for the period from 2015 to 2025 along with the growth rate (CAGR) from 2017 to 2025, considering 2016 as base year. In addition, drivers, restraints and opportunities, competitive landscape have also been covered under the current proposed table of contents, which will in due course help you to take strategic decisions with respect to the market.
An electric car uses an electric battery for its propulsion. The chief advantage of an electric vehicle is that it emits lower CO2 than most conventional non-electric vehicles. In the automobile industry, a battery electronic control unit is an embedded electronic device, basically a digital computer that reads the signals coming from the electric battery. Demand for battery electronics control unit is estimated to increase during the forecast period due the preference of developed countries toward electric vehicles. A battery electronic control unit combines and controls all the task related with battery operation. It monitors and measures temperature, voltages, and current of the battery. It also provides cooling for better battery efficiency. Cooling is important for long battery life and optimum fuel efficiency. It’s an expensive device and technology, which increase the price of the vehicle. These factors are anticipated to hamper the battery electronics control unit market during forest period.
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The battery electronic control unit market for electric vehicle can be segmented into vehicle type, sales channel, application, and region. In terms of vehicle type, the battery electronic control unit market for electric vehicle can be divided into passenger vehicles and commercial vehicles. In electric passenger vehicles, the demand for hatchback cars, sedan, and multi-purpose vehicle and sports utility vehicles is expected to be high. Increased demand for fuel-efficient vehicles and government policies across the globe are anticipated to drive demand for battery ECU for electric vehicle during the forecast period, due to the high demand for electric vehicles. The passenger vehicles segment is estimated to dominate the battery electronic control unit market for electric vehicle during the forecast period.
Based on sales channel, the battery electronic control unit market for electric vehicle can be segmented into original equipment manufacturers and aftermarket. Companies that hold a significant share of the market in traditional vehicles are presently focusing on electric vehicles, which in turn is anticipated to propel the battery electronic control unit market for electric vehicle during the forecast period.
Based on application, the battery electronic control unit market for electric vehicle can be segregated into battery electric vehicle, plug-in hybrid vehicle, and hybrid vehicle. Electric vehicles and plug-in vehicles are witnessing a consistent increase in demand due to rising concerns about environment safety. Governments of various countries have supportive policies for production of battery electric vehicles and plug in vehicles. This, in turn, is likely to drive the demand for battery electronic control units. The battery electric vehicle segment is anticipated to dominate the battery electronic control unit market for electric vehicle during the forecast period.
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Based on geography, the global battery electronics control unit market for electric vehicle can be segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is expected to lead the battery electronic control unit market during the forecast period due to the booming automotive industry in the region. China became largest country not only in electric car manufacturing but also a global leader in adoption of electrification of transport mode. Japan and Korea are also witnessing a steady growth demand for in electric vehicles. Consumption of electric vehicles and hybrid vehicles in Europe shows continuous increment.
Key players operating in the battery control electronic control unit market for electric vehicle are Preh GmbH, Ltd, Primearth EV energy co., Denso Corporation, Keihin Corporation, VIDEOTON Group, and Vector Informatik GmbH.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
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The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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