Global Battery Management System Market - Forecasts & Trends to 2021 - Research and Markets

The "Global Battery Management System Market By Type of Battery, Function, Charging Source, Applications, Geography and Vendors" report has been added to Research and Markets' offering.

Batteries are used for wide range of applications, ranging from consumer electronics to storage of green energy. Battery life is considered as one of the major parameters for quality of a device. Battery also involves a significant portion of the overall costs of a device, hence it is extremely important that battery has a decent working life while providing an optimum amount of power back to match with the device usage.

Battery management system (BMS) is used to monitor and control the functionality of rechargeable batteries such as charging, gauging, protecting and discharging. It is used to improve the efficiency, performance and working life of a battery and also facilitates charging at an appropriate voltage level. If in case, the voltage goes above a certain threshold level, it stops the charging. BMS monitors and maintains a favorable charging cycle so as to maintain a healthy condition of individual cells of the battery and provides a longer battery backup and improved working life.

Due to increase in use of hybrid and complete battery operated vehicles using conventional energy sources has significantly increased the demand for battery management systems, the market has also been driven by rising demand for green energy sources; whose power is stored in electrical form using batteries.

Market Drivers:

  • Increasing use of battery operated devices.
  • Rising demand for green energy.
  • Need to improve operational efficiency of battery.

Companies Mentioned

  • Texas Instruments
  • Nuvation Engineering
  • Elithion
  • Generex Systems
  • Torqeedo
  • Vecture Inc
  • EnerDel
  • Canara
  • Ventec
  • Midtronic

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Market Dynamics

4. Technology Overview

5. Market Segmentation and Forecast

6. Vendor Market Share

7. Company Profiles

8. Future of Battery Management System Market

For more information about this report visit https://www.researchandmarkets.com/research/8ck5q4/global_battery