Automobiles and other Industries are the key attributes promoting the Europe Battery Management System Market growth

The report "Europe Battery management system market ": By Function; By Type of battery; By topology; By Applications; By end-user. The market is projected to reach approximately $ XX billion by 2024.
Battery act as a power source in electric vehicles. Battery management system is composed of battery monitoring and protection systems, this is a type of system that keeps the battery ready to deliver full power if necessary and helps to extend the life of the battery.

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Approximately 770,000 electric passenger cars were sold worldwide in 2017, surging by 36.1% from a year earlier, with increments mainly from Europe. Increasing demand for the electric vehicles and energy storage systems are the key drivers for the growth of battery management system market in Europe. Europe plays a major role in global battery management system market due to the high adoption of battery-driven buses in this region.

Key players in the market include:
• Johnson Matthey PLC. (U.K.)
• Lithium Balance A/S (Europe)
• Valence Technology, Inc. (U.S.)
• Nuvation Engineering (U.S.)
• Intersil Corporation (U.S.)

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