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NEW YORK, Oct. 13, 2022 /PRNewswire/ — The “Battery Monitoring Systems Market by End-user and Geography – Forecast and Analysis 2022-2026″ has been added to Technavio’s offerings. The market size is expected to grow by USD 9.48 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 21.87% during the forecast period.
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ABB Ltd., Analog Devices Inc., BMS Powersafe, C and D Technologies Inc., Crucial Power Products, Curtis Instruments Inc., Eberspaecher Vecture Inc., Elithion Inc., General Electric Co., HBL Power Systems Ltd, Infineon Technologies AG , Johnson Matthey Plc, Lithium Balance AS, Lithium Werks, NXP Semiconductors NV, Raytheon Technologies Corp., Renesas Electronics Corp., Schneider Electric SE, Texas Instruments Inc., Vertiv Holdings Co., among others, are the key vendors in the market . The offerings of some of these vendors are listed below:
- ABB Ltd. – The company offers battery monitoring systems to check battery voltage and temperature; verify that all connections are free of dust, corrosion, or leakage; and check ventilation.
- Analog Devices Inc. – The company offers battery management that offers a broad portfolio of high-performance battery management IC devices, including battery chargers, companion battery charge controllers, and battery backup managers.
- Infineon Technologies AG – The company offers battery cell balancing and monitoring in order to keep Li-ion cells within their allowed operational ranges regarding voltages, currents, and temperatures dedicated cell monitoring controllers are being used.
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- Battery Monitoring Systems Market Split by End-user
- Automotive: The automotive segment will be the largest contributor to market growth during the forecast period. The growth of the automotive industry in the coming years are expected to drive the growth of this segment during the forecast period.
- 能源
- Telecom and data center
- Battery Monitoring Systems Market Split by Geography
- APAC: APAC will account for 50% of the market’s growth during the forecast period. This growth is attributed to factors such as the need to improve the environment as well as energy security in fast-growing economies such as Japan, Chinaand India. China and Japan are the key countries for the battery monitoring systems market in APAC. However, market growth in this region will be slower than the growth of the market in Europe.
- North America
- Europe
- South America
- Middle East and Africa
Imperative Insights on the following aspects
- What was the size of the global battery monitoring systems industry by value in 2020?
- What will be the size of the global battery monitoring systems industry in 2026?
- What factors are affecting the strength of competition in the global battery monitoring systems industry?
- How has the industry performed over the last five years?
- What are the main segments that make up the global battery monitoring systems market?
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Battery Monitoring Systems Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 21.87% |
Market growth 2022-2026 |
USD 9.48 billion |
Market structure |
Fragmented |
YoY growth (%) |
17.11 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 50% |
Key consumer countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Full story available on Benzinga.com
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