Sep 2, 2020   SOURCE: BusinessWire

Worldwide Battery Management System Industry to 2027 - Growing Demand for Renewable Energy Presents Opportunities - ResearchAndMarkets.com

The "Battery Management System Market by Battery Type, Topology and Application: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.

Battery management system can be defined as an electronic system, which is used to manage pack of rechargeable batteries by monitoring state, calculating secondary data, protecting the battery, and controlling the battery environment. In addition, almost all batteries can be damaged by excessive heat, overcharging, or improper usage.

Thus, battery management systems are essential for monitoring and protecting a battery. Moreover, factors such as temperature, state of charge, state of health, and voltage are monitored and controlled by battery management systems.

The market is anticipated to witness a significant growth over the years, owing to growth in adoption of rechargeable batteries across multiple end-use industries. The global battery management system market is segmented on the basis of mode of battery type, topology, application, and region.

On the basis of battery type, the market is categorized into lithium-ion based, lead-acid based, nickel-based, and others. By topology, it is segregated into centralized, distributed, and modular. Depending on application, it is fragmented into automotive, telecommunication, consumer electronics, industrial, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Benefits

  • This study presents the analytical depiction of the global battery management system market along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current market is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the market.
  • Porter's five forces analysis illustrates the potency of the buyers and suppliers.

Market Dynamics

Drivers

  • Increasing Adoption of Electric Vehicles (Evs) and Hybrid Electric Vehicles (Hevs)
  • Rising Industry Preference for Use of Lithium-Ion Batteries
  • Growing Adoption of Rechargeable Batteries Across Multiple End-Use Industries

Restraint

  • Increase in Overall Price of the Product With Addition of Battery Management System

Opportunities

  • Increasing Adoption of Cloud-Connected Battery Management Systems
  • Growing Demand for Renewable Energy
  • Growing Demand for E-Bikes, E-Scooters

Company Profiles

  • Eberspcher
  • Elithion Inc.
  • Leclanche
  • Lithium Balance
  • Nuvation Energy
  • Nxp Semiconductors
  • Navitas System LLC
  • Renesas Electronics Corporation
  • Storage Battery Systems, LLC
  • Texas Instruments Incorporated

For more information about this report visit https://www.researchandmarkets.com/r/dgjudz