MarketResearch.biz announces publication of its most recently generated research report titled, “Global Power Battery Management Systems Market by Type (Lithium-Ion-based Batteries, Advanced Lead-Acid Batteries, Nickel-based Batteries, and Flow Batteries), Component (Hardware and Software), Topology (Centralized, Modular, and Distributed), Application (Automotive, Military, Medical, Portable Device, Telecommunication, Renewable Energy Systems, Uninterrupted Power Supply, and Others), and Region – Global Forecast to 2026.”, which offers a holistic view of the global power battery management systems market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2017–2021) is projected to be over US$ 19.5 Bn, which is expected to increase moderately over the latter part of the five-year forecast period.
Power battery management systems are used to monitor the electric quantity and operating temperature of each lithium battery cell, and then automatically balance current (charge/discharge) and check the rate of excessive heating or over-temperature. This device operates a real-time control of every individual battery cell, manages State of Charge (SOC) calculation, communicates with external devices, measures temperature, and voltage, etc.
Browse the full “Power Battery Management Systems Market By Type (Lithium-Ion-Based Battery, Advanced Lead-Acid Battery, and Others), By Component, By Topology, Application (Automotive, Military, Medical, Portable Device, And Others), And Region – Global Forecast To 2026” report at https://marketresearch.biz/report/power-battery-management-systems-market/
Global Power Battery Management Systems Market Dynamics
Increasing adoption of electric vehicles has led to high adoption of electric vehicle battery packs that are powered by a cleaner and cheaper energy source as compared to petroleum or other crude oil-derived fuels. In addition, governments of some countries offer subsidies to support the production of electric and hybrid cars, and this is expected to have a positive impact on growth of the global power battery management systems market over the forecast period. Rapid urbanization has resulted in rising demand for new electricity reserve capacity from the residential sector and has presented new opportunities for manufacturers of home power battery management systems.
However, lack of appropriate standards that may limit the use of batteries is a factor expected to hamper growth of the global power battery management systems market to a certain extent.
Increasing focus on research and development activities for manufacturing electric vehicles in developing countries and high demand from data centers can create new and beneficial opportunities to manufacturers of power battery management systems.
Global Power Battery Management Systems Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global power battery management systems market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global power battery management systems market is estimated to expand at a moderate CAGR of 17.4% during the forecast period.
Global Power Battery Management Systems Market: Segmental Snapshot
The market report has been segmented on the basis of type, component, topology, application, and region. The type segment includes Lithium-ion-based batteries, advanced Lead-acid batteries, Nickel-based batteries, and flow batteries. The component segment includes hardware and software. The topology segment includes centralized, modular, and distributed. The application segment includes an automotive, military, medical, portable device, telecommunication, renewable energy systems, uninterrupted power supply, and others. The region covered in the analysis in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
By type: The Lithium-ion-based batteries segment is expected to register a CAGR of over 17.4%, thereby accounting for highest revenue share among the type segments.
By component: The hardware segment is expected to register a CAGR of over 17.0%, thereby accounting for the highest revenue share among the component segments.
By topology: The centralized segment is expected to register a CAGR of over 17.1%, thereby accounting for the highest revenue share among the topology segments.
By application: The automotive segment is expected to register a CAGR of over 17.4% over the forecast period, thereby accounting for the highest revenue share among the application segments.
By region: The market in North America accounted for the highest revenue share in the global power battery management systems market in 2017, and is expected to record CAGR of over 16.7% between 2017 and 2026.
Global Power Battery Management Systems Market: Competitive Analysis
The research report on the global power battery management systems market includes profiles of major companies such as DENSO Corporation, Hitachi Ltd., Mitsubishi Corporation, Hyundai Motor Company, SK Innovation Co. Ltd., Lithium Balance A/S, Eberspaecher Vecture Inc., Tesla, Inc., LG Chem, Ltd., and Kohlberg Kravis Roberts & Co. L.P.
The Global Power Battery Management Systems Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2016–2026 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global power battery management systems market for 2016–2026.
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