Power Battery Management System Market 2019 Current Scenario, Global Size, Share, Competitive Analysis, Business Development, Opportunities and Regional Forecast To 2023

Power Battery Management System Market Report by Type (Distributed, Centralized, Modular), BY applications (Grid Energy Storage, Specialty Vehicles / Marine / Robots, Telecom / Datacom, Others) and Region - Forecast 2017-2023. The report provides details information and strategies of the top key players in the industry.

Pune, India - July 18, 2019 /MarketersMedia/ —

Power Battery Management System Market Analysis:

The global power battery management system (BMS) market is predicted to touch USD 6,564.6 million at a 10% CAGR over the forecast period (2017-2023), reveals the new Market Research Future (MRFR) report.

A battery management system or BMS is an electronic system which manages rechargeable batteries such as protect the battery to operate outside its safe operating area, monitor its state, calculate secondary data, report that data, control its environment, authenticate or balance the same. This electronic controller helps in controlling and monitoring the charging as well as discharging of batteries that are rechargeable. Moreover, it also offers notification about the battery pack along with critical safeguards for protecting the batteries against damage.

Get Free Sample Copy of Power Battery Management System Market at: https://www.marketresearchfuture.com/sample_request/4609

Various factors are driving the growth of the power battery management system market. These factors, in accordance with the Market Research Future (MRFR) report, include increasing use of renewable energy in different applications owing to growing concerns about climate changes, decreasing cost of solar photovoltaic cells and batteries, favorable initiatives taken by the government, growing demand for electric and hybrid cars, and strict regulations related to carbon dioxide emissions.

Power Battery Management System Market Segmentation:

The Market Research Future report offers a wide segmental analysis of the power battery management system market based on type and applications.

Based on type, the power battery management system market is segmented into modular, centralized, and distributed.

Based on applications, the power battery management system market is segmented into datacom, telecom, robots, marine, specialty vehicles, grid energy storage, and others.

Regional Analysis:

Based on the region, the power battery management system market report covers growth opportunities and the latest trends across Asia Pacific (APAC), Europe, North America, and the Rest of the World (RoW).

Of these, the power battery management system market report in the APAC region is predicted to have a lion’s share over the forecast period. It is predicted to grow at a 11.85% CAGR. This region has an energy storage capacity of 73.51 GW. About 72.6 GW has been contributed by open pumped hydro storage, and the remaining 0.91 GW has been contributed by thermal, electro-chemical, and chemical energy storage and batteries. In India, the government has set up a 6-7 billion target of electric cars by 2020. The rise in the production of such cars will push the market growth. This region has immense potential in overall energy storage capacity owing to increasing concern for developing carbon footprint and renewable energy resources.

The power battery management system market in North America is predicted to have a favorable growth over the forecast period. This is owing to the increasing use of power battery management systems in numerous applications, including telecommunication, renewable energy storage, automotive, and portable device. The US is the key contributor here. The manufacturers will have ample opportunities in increasing or investing in the production capacity.

The power battery management system market in Europe will have a notable growth over the forecast period. This region is helping to address new challenges taking place in the energy system by promoting various innovation in major technologies and creating suitable market rules. Germany is the key contributor here. Energy storage market in Germany has experienced a lot of improvements recently owing to the ambitious energy transition in Germany. The technological enhancements in battery systems have resulted in the growth of the power battery management system market in this region.

Key Players:

Leading players profiled in the power battery management system market report include Exide Industries Limited (India), Su-Kam Power Systems Ltd (India), Greensmith Energy (US), AEG Power Solutions (Germany), Kefico Corporation (Korea), Continental AG (Germany), AES Energy Storage (US), Robert Bosch GmbH (Germany), ABB (Switzerland), and LG Chem Ltd (South Korea), among others.

Industry Related News:

April 2019: Canberra-based management and control technology company Reposit Power and electricity supplier Ausgrid together has launched a one-megawatt VPP (virtual power plant) trial. This trial is opened to households which already installed Reposit power battery management system.

Access Full Power Battery Management System Market Report with Complete TOC @ https://www.marketresearchfuture.com/reports/power-battery-management-system-market-4609

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact Info:
Name: Market Research Future
Email: Send Email
Organization: Market Research Future
Address: Market Research Future, Office No. 528, Amanora Chambers Pune - 411028 Maharashtra, India
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/power-battery-management-system-market-4609

Source URL: https://marketersmedia.com/power-battery-management-system-market-2019-current-scenario-global-size-share-competitive-analysis-business-development-opportunities-and-regional-forecast-to-2023/88898320

Source: MarketersMedia

Release ID: 88898320

Latest News

Riot police storm Hong Kong malls to nip more protests

Jan 20, 2020

HONG KONG — Riot police stormed several malls in Hong Kong on Sunday in a move to thwart more pro-democracy protests, as the city's leader heads to Beijing for talks on deepening economic integration between the semi-autonomous Chinese territory and mainland China. There were calls online urging protesters to gather in seven locations to sustain a push for political reform following a chaotic day of protests and clashes with police on Saturday, with the anti-government movement showing no signs of letting up after nearly five months. Most of the rallies didn't pan out Sunday as scores of riot police took...

Nissan ex-chairman Ghosn's lawyers want charges dismissed

Jan 20, 2020

TOKYO — The lawyers of former Nissan Chairman Carlos Ghosn, who is awaiting trial in Japan, said Thursday they have asked that financial misconduct charges against him be dismissed. They said in a statement that they filed papers in Tokyo District Court alleging prosecutorial misconduct that would prevent Ghosn from having a fair trial. The filings say the case results from unlawful collusion between prosecutors, government officials and Nissan executives to drum up allegations. The papers Ghosn's lawyers filed in Tokyo District Court last week allege collusion between the prosecutors, government officials and executives at Nissan Motor Co. to drum...

China says US has 'weaponized' visas to target exchanges

Jan 20, 2020

BEIJING — China on Wednesday accused the U.S. of having "weaponized" the issuance of visas following the reported inability of a top Chinese space program official to obtain permission to travel to a key conference in Washington. Foreign Ministry spokeswoman Hua Chunying told reporters that the head of the Chinese delegation to the International Astronautical Congress wasn't able to obtain a visa following an Oct. 12 interview, making it difficult for Chinese representatives to attend important events at the meeting. Reports said the vice chairman of the China National Space Administration, Wu Yanhua, had planned to attend the congress. Hua...

Hong Kong police say homemade bomb targeted officers

Jan 20, 2020

HONG KONG — A homemade, remote-controlled bomb intended to "kill or to harm" riot control officers was detonated as they deployed against renewed violence in Hong Kong over the weekend, police said Monday, in a further escalation of destructive street battles gripping the business hub. The "loud thud" Sunday night close to riot officers who had been clearing away a protester-built road block marked the first known use of an explosive device during protests that started in June over a contested extradition bill and have snowballed into an anti-government, anti-police and anti-China movement. "It exploded less than 2 meters (yards)...

Asian stocks gain after US, China announce truce on tariffs

Jan 20, 2020

BEIJING — Asian stock markets have risen after Washington and Beijing announced a truce on tariff hikes in a trade war. Benchmarks in Shanghai, Hong Kong and Seoul advanced. Japanese markets were closed for a holiday. President Donald Trump agreed Friday to put off planned tariff hikes this week on Chinese goods in a fight over Beijing's trade surplus and technology plans. In exchange, he said China would buy American farm goods. But the two sides reported no progress on basic disputes that sparked the 15-month-old fight that threatens global economic growth. Friday's truce "has simply temporarily halted the escalation...

Subscribe To Our Newsletter