Sun, 18 Apr 2021

The demand for battery management systems has gained tremendous popularity as a result of developments in wireless and wired electronic devices and technology.

DUBAI, UAE / ACCESSWIRE / March 4, 2021 / Future Market Insights: FMI projects the battery management system market to grow with a CAGR of 17.8% through 2031. The industry is expected to be driven by the development and implementation of new technologies such as electric vehicle batteries.

'Manufacturers are entering into a strategic partnership with other technology vendors and integrators, automotive OEMs and others stakeholders for the development of new technologies and solutions. ' says the FMI analyst.

Request a report sample to gain comprehensive market insights at

https://www.futuremarketinsights.com/reports/sample/rep-gb-458

Battery management system Market - Important Highlights

  • Maximum battery management device sales are currently concentrated in the automotive market.
  • . The advanced lead-acid sub-segment is projected to increase with a relatively higher CAGR over the forecast era.
  • Amongst these topologies categories, the modular topologies segment is anticipated to exhibit a 22.7% CAGR during the forecast period.
  • The U.S. has emerged as a highly profitable market, backed by increased production and sales of electric vehicles.

Battery management system Market - Drivers

  • Increased sales of electric vehicles would fuel demand in the industry.
  • The industry is expected to be influenced by Automotive and telecommunications manufacturers who are inclined to embrace environmentally friendly and sustainable energy sources.
  • Benefits such as enhanced market efficiency, reduced complexity, and improved reliability are the key factors that result in increased demand for BMS.

Battery management system Market - Restraints

  • An increase in product prices is anticipated to hinder the market growth
  • The rising number of players on the market has resulted in a cut-throat rivalry.

We Offer tailor-made Solutions to fit Your Requirements, Request Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-458

COVID-19 Impact on Battery management system Market

The onset of the pandemic has hampered the market. Major battery manufacturers across the globe suspended their manufacturing activities as a result of the destruction of the supply chain during the Covid-19 pandemic, which culminated in the delay of the installation of the battery management system. However, the market is expected to make a swift turnaround as economies start stabilizing.

Competitive Landscape

Companies operating in the industry have been focusing on the introduction of new technology to achieve a competitive advantage. For example, in July 2019, Bosch introduced cloud-based battery management to prolong the life of EV batteries. A few of the key companies functioning in the global market include Vecture Inc., Toshiba Corporation, L&T Technology Services, Navitas System, LLC, Merlin Equipment Ltd., Ashwoods Energy Limited, Lithium Balance Corporation, Nuvation Engineering, The Ventec Company

Contact Sales for Further Assistance in Purchasing this Report@ https://www.futuremarketinsights.com/checkout/458

Table Of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Innovation / Development Trends

3.3. Key Success Factors

4. Global Battery Management System Market - Pricing Analysis

4.1. Pricing Analysis, By Battery Type

4.1.1. Manufacturer-level Pricing

4.1.2. Distributor-level Pricing

4.2. Global Average Pricing Analysis Benchmark

5. COVID-19 Impact Analysis

5.1. Impact of COVID-19 on Battery Management System Sales

5.2. Pre-COVID-19 Market Growth Analysis

5.3. Post-COVID-19 Market Impact Analysis

5.4. Expected Recovery Scenario (Short term/Long term)

5.5. Key Action Points for Battery Management System Manufactures

6. Market Structure Analysis

6.1. Market Analysis by Tier of Companies

6.2. Market Concentration

6.3. Market Share Analysis of Top Players

6.4. Market Presence Analysis

6.4.1. Regional footprint by Players

6.4.2. Product footprint by Players

6.4.3. Channel footprint by Players

7. Global Battery Management System Market Demand (in Volume in ‘000 Units) Analysis 2016-2020 and Forecast, 2021-2031

7.1. Historical Market Volume (‘000 Units) Analysis, 2016-2020

7.2. Current and Future Market Volume (‘000 Units) Projections, 2021-2031

7.2.1. Y-o-Y Growth Trend Analysis

Download Complete TOC Of this Report @ https://www.futuremarketinsights.com/toc/rep-gb-458

About the Study

· The study offers readers a comprehensive assessment of the battery management system market. Global, regional, and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights based on battery type(Lithium-Ion, Advanced Lead-Acid, Others), topologies (Centralized, Modular, Distributed), application (automotive, military, consumer, telecom, energy) and across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).

Explore FMI's Coverage of the Technology Industry

massive-open-online-course-MOOC-market: Get insights on the outbound massive open online course market through FMI's report covering detailed quantitative and qualitative analysis for projection period 2020-2030.

Submarine cables market: FMI's exhaustive study on the submarine cables market covers the latest trends, innovations, key players, and popular strategies for the period 2020-2030.

eDiscovery Market: Obtain detailed analysis on the eDiscovery market through FMI's report covering competitive analysis, key regions, and segmental analysis for 2020-2030.

About Future Market Insights

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:

Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Report: https://www.futuremarketinsights.com/reports/battery-management-system-market
Press Release Source: https://www.futuremarketinsights.com/press-release/battery-management-system-market/

SOURCE: Future Market Insights



View source version on accesswire.com:
https://www.accesswire.com/633448/Battery-Management-System-Market-to-Surpass-US-32-Bn-by-2031-Future-Market-Insights

More Oklahoma City News

Access More

Sign up for Oklahoma City News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!