Dublin, Nov. 04, 2020 (GLOBE NEWSWIRE) -- The "Battery Monitoring System - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.
The Global battery Monitoring System Market accounted for $3.35 billion in 2019 and is expected to reach $14.62 billion by 2027, growing at a CAGR of 20.2% during the forecast period.
Increased operational efficiency of batteries, rising renewable power generation, and increasing demand for electric vehicles is some of the factors propelling the growth of the market. However, the high cost of these systems for larger battery solutions is hampering the growth of the market.
The battery monitoring system is a combination of hardware and software which ensures the optimal utilization of energy inside the battery. The battery monitoring system aims to notify the user about the existing scenario and the health of the battery or battery bank. It operates by preventing costly downtime due to unexpected battery failures.
Based on the battery type, the lithium-ion based segment is anticipated to hold considerable market share during the forecast period due to the increasing deployment of lithium-ion batteries in electric vehicles, power tools, and battery backup applications and increasing electric vehicle sales, wherein lithium-ion batteries are deployed. By geography, North America is expected to grow at a significant market share during the forecast period owing to the increasing investments in data centres, rising demand for hybrid electric vehicles, and growing renewable power generation capacities.
Some of the key players profiled in the battery Monitoring System Market include NDSL, Texas Instruments, Powershield, batterydaq, Canara, Eagle Eye, HBL, SBS, Schneider Electric, ABB, Socomec, and Curtis.
What the report offers:
Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and Recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements
Key Topics Covered:
1 Executive Summary
2.3 Research Scope
2.4 Research Methodology
2.5 Research Sources
3 Market Trend Analysis
3.6 Product Analysis
3.7 Application Analysis
3.8 End-user Analysis
3.9 Emerging Markets
3.10 Impact of COVID-19
4 Porters Five Forces Analysis
5 Global Battery Monitoring System Market, By Product
6 Global Battery Monitoring System Market, By Component
7 Global Battery Monitoring System Market, By Connection Type
8 Global Battery Monitoring System Market, By Battery Type
9 Global Battery Monitoring System Market, By Application
10 Global Battery Monitoring System Market, By End-user
11 Global Battery Monitoring System Market, By Type
12 Global Battery Monitoring System Market, By Geography
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launches
13.5 Other Key Strategies
14 Company Profiling
14.2 Texas Instruments
14.6 Eagle Eye
14.9 Schneider Electric
For more information about this report visit https://www.researchandmarkets.com/r/dxpivr
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager firstname.lastname@example.org For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900