Battery Management System Market Segmentation by Battery Type (Lithium-Ion, Lead-Acid, Nickel-Based, and Others); and by Application (Automotive, UPS, Telecommunications, and Renewable Energy Systems) – Global Demand Analysis & Opportunity Outlook 2030
Research
Nester published a report titled “Battery Management System Market: Global
Demand Analysis & Opportunity Outlook 2030”
which delivers detailed overview of the global battery management system market in terms of market segmentation
by battery type, application, and by region.
Further,
for the in-depth analysis, the report encompasses the industry growth
indicators, restraints, supply and demand risk, along with detailed discussion
on current and future market trends that are associated with the growth of the
market.
The
global battery management system market is estimated to occupy a large revenue
by growing at a CAGR of ~19% during the forecast period, i.e., 2022 – 2030,
owing to the escalating production of electric and hybrid electric vehicles, and
increasing adoption of rechargeable batteries among several end users. Apart
from these, rising popularity of lithium batteries ascribing to their higher
power density and low cost is also expected to drive market growth in the
coming years.
The
market is segmented by battery type and application. Based on battery type, the
lead-acid segment is anticipated to grab the largest market share during the
forecast period on the back of largescale applications of these batteries in
telecommunication, automotive and UPS industries. Additionally, based on application,
the automotive segment is projected to hold the largest share over the forecast
period ascribing to the growing consumer demand for greener vehicles.
Geographically,
the global battery management system market is segmented into five major
regions, namely North America, Europe, Latin America, Asia Pacific, and the
Middle East & Africa. Europe region is evaluated to grab the largest share
in the market during the forecast period attributing to the growing increasing
manufacturing by major automobile companies in the region. Moreover, the market
in Asia Pacific is assessed to witness noteworthy growth in the future owing to
the growing demand for consumer electronics in the region.
The research was
global in nature and conducted in North America (U.S., Canada), Europe (U.K.,
Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg,
NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of
Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America),
Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia,
Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel,
GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South
Africa, Rest of Middle East and Africa). In addition, areas like Market size,
Y-O-Y growth & Opportunity Analysis, market players competitive study,
investment opportunities, demand for future outlook etc. have been covered and
displayed in the research report to ensure it dives deep to achieve strategic
competitive intelligence in the segment.
Growing
Production of Electric and Hybrid Electric Vehicles Globally to Drive Market
Growth
Over the
last decade, governmental and non-governmental organizations have shifted their
focus in reaching a net-zero emissions target worldwide. This is giving rise to
the largescale production and adoption of electric vehicles by using economic
recovery packages, which in turn is predicted to boost the growth of the market
in the future.
“The Final Report will cover
the impact analysis of COVID-19 on this industry.”
However, high
upfront price of battery management systems is expected to operate as key
restraint to the growth of the global battery management system market over the
forecast period.
This
report also provides the existing competitive scenario of some of the key
players of the global battery management system market which includes company
profiling of Texas Instruments, Inc., Johnson Matthey PLC, Eberspaecher Venture
Inc., Sensata Technologies, Inc., BMS PowerSafe, Storage Battery Systems, LLC,
Toshiba Corporation, Robert Bosch GmbH, East Penn Manufacturing Company,
PANASONIC CORPORATION, and others. The profiling enfolds key information of the
companies which encompasses business overview, products and services, key
financials and recent news and developments. On the whole, the report depicts
detailed overview of the global battery management system market that will help
industry consultants, equipment manufacturers, existing players searching for
expansion opportunities, new players searching possibilities and other
stakeholders to align their market centric strategies according to the ongoing
and expected trends in the future.
Download/Request Sample Copy of
Strategic Report: https://www.researchnester.com/sample-request-3475
About Research Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
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strategy, expansion and investment etc. We believe every business can expand to
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