The battery monitoring system intends to notify the user regarding
the forthcoming scenario and health of the battery. It notifies the user about
the failure of batteries within the bank. It also notifies the user about the
net charge left or total backup available from the battery or the battery bank.
Any specific damage to the battery is often easily monitored to require the needed
action to protect the battery from any vital damage hampering its ability to
perform. Since, battery monitoring can extend the general battery life and its
efficiency. The rising adoption of electric vehicles is the major
propelling factor to stimulate the demand for battery monitoring systems
market. The key factors which have led to the development of electric
vehicles are the exhaustion of fossil fuels, increasing vehicular pollution
levels, and energy shortage. In addition, the requirement for electric vehicles
has prompted the high costs of fuels used in internal combustion (IC) engines. Across
the world, an EV is regarded as the future of the transportation system since
it is a zero-emission vehicle. In powering an electric vehicle, the battery
plays a prominent role. The high energy density, low emission rates, and long
lifecycles are several benefits of the batteries, which are used as the power
source in electric vehicles. To help transition the domestic energy supplies to
renewable, various governments all across the world have supported battery
manufacturers for electric vehicles. However, huge cost of battery management
system for better battery solutions is the key constraint in the market.
Furthermore,
the global battery monitoring systems market has grown with the rising demand
for battery monitoring systems in data centers. The data centers include
storage resources, servers, and networking systems which process data and
information by organizing and storing the data. In performing the core
applications, the data centers help organizations. Similar to lithium-ion
batteries and lead-acid batteries, different types of batteries are used in
data centers to assist UPS systems and offer back-up power over long periods as
battery failures may impede operations and result in financial losses; proper
monitoring of batteries in data centers is required. Therefore, data centers'
operations and safety have been improved with the battery monitoring systems which
are integrated with the batteries. Furthermore, the integration of emerging
technologies such as AI and IoT can present lucrative growth opportunities for
the stakeholders and players operating in the global battery monitoring system
market in the forecasted period.
The
global Battery Monitoring System Market is segregated on the basis of Type as Wired
and Wireless. Based on Component the global Battery Monitoring System Market is
segmented in Hardware and Software. Based on Battery Type the global Battery
Monitoring System Market is segmented in Lithium-Ion Based, Lead-Acid and Others.
The
global Battery Monitoring System Market report provides geographic analysis
covering regions, such as Europe, North America, Asia Pacific, and Rest of The
World. The Battery Monitoring System Market for each region is further
segmented for major countries including the U.S., Canada, Germany, the U.K.,
France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
ABB, BTECH,
General Electric, 6th Energy Technologies, NDSL Group and others are among the
major players in the global Battery Monitoring System Market. The companies
studied in terms of product strategy and various n several growth and expansion
strategies to gain a competitive edge in the market. The major players not only
follow value chain integration with business operations in multiple stages of
the value chain.
- In July
2019, Benchmark Electronics, Inc. a global provider of manufacturing, engineering
and design services, declared the appointment of Rhonda Turner as chief human
officer. Turner will lead all aspects of human resources.
- In
December 2020, Lithium-ion battery company Inverted Energy declared that it
introduced its first advanced battery management system, OJAS BMS. The company
claimed that technology provides greater control over the battery, delivering
efficient performance. It plans to make the system available as a standard providing
on all planned battery models.
- In
January 2018, Maxim introduced an advanced battery management system for
creating a smarter car in the future. Automotive OEMs improve the safety of
their lithium-ion battery packs with strong communications, comprehensive
diagnosis, and lesser system costs with the help of company’s MAX17843
12-channel, high-voltage smart sensor data-acquisition device.
The global Battery Monitoring System Market has
been segmented as below:
Battery
Monitoring System Market, By Type
Battery
Monitoring System Market, By Component
Battery
Monitoring System Market, By Battery Type
- Lithium-Ion Based
- Lead-Acid
- Others
Battery
Monitoring System Market, By Region
- Europe
- North America
- Asia Pacific
- Rest of The World
Battery
Monitoring System Market, By Company
- ABB
- BTECH
- General Electric
- 6th Energy Technologies
- NDSL Group
- Vertiv
- BatteryDAQ
- Canara
- Curtis Instruments
- Dukosi
- Eagle Eye Power Solutions
- Eberspacher
- Efftronics Systems
- Enertect
- GENEREX Systems
- HBL Power Systems
- Johnson Matthey Battery Systems
- Analog Devices
- Midtronics Stationary Power
- Nuvation
- PowerShield
- Schneider Electric
- Sosaley Technologies
- Texas Instruments
The
report covers the below scope:
- Global Battery Monitoring System
Market sizes from 2020 to 2026, along with CAGR for 2020-2026
- Market size comparison for 2019 vs
2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to
2026
- Global Battery Monitoring System
Market trends, covering comprehensive range of consumer trends &
manufacturer trends
- Value chain analysis covering
participants from raw material suppliers to the downstream buyer in the global Battery
Monitoring System Market
- Major market opportunities and
challenges in forecast timeframe to be focused
- Competitive landscape with analysis
on competition pattern, portfolio comparisons, development trends and strategic
management
- Comprehensive company profiles of
the key industry players
The
years considered for the study are as follows:
- Base year - 2019
- Estimated year - 2019
- Projected year - 2020
- Forecast period - 2021 to 2026
Report
Scope:
The global Battery Monitoring System Market report
scope includes detailed study covering underlying factors influencing the
industry trends. The report covers analysis on regional and country level
market dynamics. The scope also covers competitive overview providing company
market shares along with company profiles for major revenue contributing
companies. The report scope includes detailed competitive outlook covering
market shares and profiles key participants in the global Battery Monitoring
System Market share. Major industry players with significant revenue share
include ABB, BTECH, General Electric, 6th Energy
Technologies, NDSL Group and
others.
Why to
Buy this Report:
- Gain detailed insights on the Battery Monitoring System industry trends
- Find complete analysis on the
market status
- Identify the Battery Monitoring
System Market opportunities and growth segments
- Analyse competitive dynamics by
evaluating business segments & product portfolios
- Facilitate strategy planning and
industry dynamics to enhance decision making
Target
Audience:
- The report targeted towards the existing players in
the industry is as follows:
- Market Manufacturers/Service
Providers
- Market Wholesale/Traders
- Investment and Financial Institutions
Free
and Paid Customization based on the requirement