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Wireless Battery Monitoring System Market to Partake Significant Development During 2017 – 2027

02-14-2018 12:04 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Wireless Battery Monitoring System Market to Partake

In past few years, wireless battery monitoring market has witnessed significant growth rate, and it can be assumed that the organization is still in its early phase in this market. Wireless battery monitoring system provides continuous supply for critical systems and performs preemptive battery monitoring in organizations. It provides the opportunity to exclude any unscheduled power cut due to battery failure. Wireless battery monitoring is the only battery monitoring system that can monitor different types of batteries (for example generator batteries), individual battery voltage, temperature and impedance, current and ambient temperature for organizations. Most battery monitoring systems perform an impedance test once a week or once a month.

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Wireless Battery Monitoring SystemMarket: Drivers and Challenges

The major drivers for wireless battery monitoring system is the technological advancement which has increased the adoption of batteries for energy storage used in emergency and grid-scale applications. In addition to that, growing usage of electric vehicles, which has made necessary for the adoption of wireless monitoring system to maintain safe operation of batteries in this electric-powered vehicles.

The assembly and interconnecting of the battery cells for monitoring their voltage and temperature is expensive which is restraining the market growth of the wireless battery monitoring system.

Wireless Battery Monitoring SystemMarket: Segmentation

Segmentation on the basis of component:

Battery management unit

Communication unit

Segmentation on the basis of applications:

DC power supply

IDC data center

Others

Segmentation on the basis of industry:

Energy and Utilities

IT and Telecommunications

Manufacturing

Transportation and Logistics

Defense and Government

BFSI

Healthcare

Retail

Others

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Wireless Battery Monitoring SystemMarket: key players

Some of the key players for wireless battery monitoring are Ashwoods Energy Limited, Toshiba Corporation, L&T Technology Services Ltd., Merlin Equipment Ltd., Vecture Inc., Lithium Balance Corporation, Nuvation Engineering.

Wireless Battery Monitoring SystemMarket: Regional Overview

Wireless battery monitoring market is currently dominated by North America region due to early adoption of wireless battery monitoring system.Asia Pacific wireless battery monitoring market is expected to have potential growth due to rising adoption of wireless battery monitoring system as well growing awareness in organizations for the precaution of the batteries.

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature.
FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

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