The leading players in battery monitoring system market include NDSL (UK), Texas Instruments (US), PowerShield (New Zealand), BatteryDAQ (US), Canara (US), and Eagle Eye (US). New product launches was the most commonly adopted strategy by the top players in the market from 2014 to 2017. It was followed by contracts & agreements, expansions and investments, and partnerships.
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The battery monitoring system market is projected to reach USD 5.47 billion by 2022, from an estimated USD 2.37 billion in 2017, at a CAGR of 18.23%, during the forecast period. 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.
The report’s target audience includes:
- Battery monitoring system manufacturers and suppliers
- Component manufacturers and suppliers
- Consulting companies in the power sector
- Electric utilities
- Government and power research organizations
- Manufacturing industries
The ecosystem of the global battery monitoring system market starts with raw material or component suppliers.
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The various components of battery monitoring systems are sensors, hubs, controllers, data loggers, data recorders, and communication networks. The enablers are directly responsible for the implementation of battery monitoring system in end-user facilities.
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North America is expected to be largest market for battery monitoring systems in 2017, followed by Asia Pacific and Europe. Market in North America is driven by rising electric vehicle sales, growing investments in datacenters, and rising renewable power generation capacities in region.
It is projected to grow at second-fastest rate during forecast period.
1 Battery Monitoring System Market, By Country
2 Battery Monitoring System Market, By Component
3 Battery Monitoring System Market, By Type
4 Battery Monitoring System Market, By Battery Type
5 Battery Monitoring System Market, By End-User
6 North America Battery Monitoring System Market, By Country and Battery Type
The report defines, describes, and forecasts the global battery monitoring system market by component, type, battery type, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market.
The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market.
Connect for More Details for More Information “Battery Monitoring System Market by Component (Hardware, Software), Type (Wired, Wireless), Battery Type (Lithium-Ion Based, Lead-Acid), End-User (Telecommunications, Automotive, Energy, Industries), and Region - Global Forecast to 2022” report @ www.rnrmarketresearch.com/contacts…unt?rname=1354691 .
Why Access this Report?
- The report identifies and addresses the key markets for battery monitoring systems, which would help suppliers review the growth in demand for the product.
- The report helps solutions providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
- The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.
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