Battery monitoring systems comprise monitoring and control units, sensors, and software that are used to maintain and monitor battery health under optimal condition to make sure that it is performing to its full potential. The numerous advantages that batteries offer over other similar energy storage technologies and technological developments in different battery technologies have increased the adoption of batteries for energy storage used in emergency and grid-scale applications. The use of these cells in highly demanding conditions where they regularly operate outside the quantified state leads to quicker degradation of the cell, thereby upsurging the chances of failure.
The need to prevent unplanned outages, increasing demand for electric vehicles, and improved operational efficiency of batteries have boosted the demand for battery monitoring systems. In addition, increasing renewable power generation and the growing use of battery monitoring systems in data center applications would further aid the growth of this market. The high costs of battery monitoring systems for larger battery solutions would act as a restraint for the battery monitoring system market. The increasing market for green data centers is one of the key trends that will contribute to the growth of this market in the forthcoming years. One of the main issues faced by data center operators in developed countries are high power consumption and carbon emissions. This has resulted in creating awareness among enterprises to set up green data center facilities where energy-efficient operations lower the electricity consumption rates and carbon footprints. The Americas is expected to be the major revenue contributor to the battery monitoring systems market throughout the forecast period due to the increases in demand for battery monitoring solutions in the region.
The Battery Monitoring Systems market was valued at 2300 Million US$ in 2018 and is projected to reach 8650 Million US$ by 2025, at a CAGR of 18.0% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Battery Monitoring Systems.
This report presents the worldwide Battery Monitoring Systems market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
ABB
BTECH
General Electric
NDSL Group
Vertiv
Battery Monitoring Systems Breakdown Data by Type
Lead-Acid Batteries
Li-Ion Batteries
Ni-Cd Batteries
Battery Monitoring Systems Breakdown Data by Application
Automotive Industry
Energy Industry
Telecom and Data Center Industry
Battery Monitoring Systems Production by Region
United States
Europe
China
Japan
Other Regions
Battery Monitoring Systems Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Battery Monitoring Systems status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key Battery Monitoring Systems manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Battery Monitoring Systems :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Battery Monitoring Systems market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Battery Monitoring Systems . Industry analysis & Market Report on Battery Monitoring Systems is a syndicated market report, published as Global Battery Monitoring Systems Market Insights, Forecast to 2025. It is complete Research Study and Industry Analysis of Battery Monitoring Systems market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.