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Glaring demand for data centers: creating profitable opportunities in battery management system market growth illuminated by new report

IT Market Research

The report "Global Battery Management System Market ": By Function (Gauging, Protection, Charging and Authentication and monitoring); By Type of battery (Lithium based Battery, Sodium Based battery, nickel Based Battery, Lead acid battery and others); By Charging source (Hybrid source and Conventional and Non-Conventional sources); By Applications (Power grid storage, Consumer electronics, Automobiles and commercial and Residential Power backup Solutions).

Envision Inteligence estimates that Global Battery management system market is projected to reach approximately $ 7.25 Billion by the end of 2024 with a CAGR of 20.5%. Battery management system is considered as the essential parts of energy automobiles. 

Innovations and advancements in hybrid and electric vehicle making the battery management system market to grow at a rapid pace.

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Lithium-ion (Li-ion) is the most commercially used batteries for various applications.

Advancements in the Li-ion technologies and chemistries over the past 10 years helped the electric vehicle industry to meet their requirements. For maintaining of system uptime energy storage technologies in data centers plays an important role.

In case of power cuts, these data center and network UPS systems utilize lead-acid batteries.  

Key players in the market include:

  • Johnson Matthey PLC. (U.K.)
  • Lithium Balance A/S (Europe)
  • Valence Technology, Inc. (U.S.)
  • Nuvation Engineering (U.S.)
  • Intersil Corporation (U.S.)

Reasons to access this report:

This report has the in-depth analysis on the market and the estimations are done using volume and value data are further confirmed on three approaches including bottom-up, top-down and from top companies’ revenues to conclude the market estimations precisely and accurately considering all the parameters and market dynamics.

Key pointers in the report include:

  • Competitive landscape & market analysis is included in the report to understand the key companies’ position and Porter's Analysis, PESTLE analysis, SWOT Analysis& Y-O-Y analysis are performed to understand the market dynamics and key companies’ position during the next five years.
  • Team of analysts have analyzed and listed out the key drivers, constraints, challenges and emerging opportunities in all the industry verticals, which will specify the emerging scope for the market in end user industries.
  • Industry value chain analysis is provided in the report to find the key stakeholders and prominent players at each stage of the company along with the value addition at each stage of the value chain.
  • Complete analysis including global and regional trends, technological developments, and new product innovations are included in the report specific to each segment of the market.
  • A complete 360-degree analysis including product portfolio, business portfolio, developmental strategies, key developments from the companies in the historical period for the key players running in the market is included in the report.
  • Advanced customizations on countries, specific applications in end-user industries, product-based customizations will be given based on the request. All the collected data is further confirmed and verified using surveys, interviews, and interactions with industrial experts.

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