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Wireless Battery Monitoring System Market Pegged for Robust Expansion During 2017 – 2027
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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
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.
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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.
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