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.)
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- 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.
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