Battery Management System (BMS) Market Outlook till 2023: Size
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by grafalex0601 · March 5, 2019
05th March 2019 – Global Battery Management System (BMS) Market is anticipated to expand at a significant CAGR of 11.6% in the upcoming period as the scope, product types, and its applications are increasing across the globe. A battery management system is an electronic system that manages a rechargeable battery, such as by monitoring its state, by protecting the battery from operating outside its safe operating area
air max 90 white for sale , calculating secondary data, controlling its environment, authenticating it, andor balancing it and reporting that data.
The factors that propel the growth of the market include increasing combination of battery management systems in consumer renewable and electronics energy systems among the other applications, growing adoption of electric vehicles (EVs), increasing use of renewable energy storage systems
air max 90 pink for sale , increasing integration of BMS in consumer electronics, and hybrid electric vehicles PHEVs, and (HEVs). On the other hand, a factor may hamper the growth of the market including the lack of standards for developing battery management systems.
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The market could be explored by type, component, topology
air max 90 red white for sale , application, and geography. Market could be explored by type as Flow batteries, Nickel based, Lithium-ion based, and Lead-acid based. The 鈥淟ithium-ion based鈥?segment led the battery management system market in 2016 and will continue to lead in the forecast period. The key factors that may be attributed to the growth of the market includes lightweight, & low standby losses and high energy and power density.
The market could be explored by component as Hardware (Power Management IC
air max 90 black for sale , Battery Control Unit, CAN Bus, and Communication Channel), and Software. Based on topology, the market could span Modular, Centralized and Distributed. The 鈥淢odular鈥?segment led the battery management system market in 2016 and will continue to lead in the forecast period. The key factor that could be attributed to the growth of the market includes rising demand for modular topology from various applications.
The key applications that could be explored in the market include Energy
nike air max 90 for sale , Automotive, Defense, and Consumer electronics. The 鈥淎utomotive鈥?segment led the market in 2016 and will continue to lead in the forecast period. The key factors that may be attributed to the growth of market includes an increasing number of vehicles requiring rechargeable batteries including hybrid electric vehicles, EVs, and plug-in hybrid vehicles and increasing environmental concerns.
Leading Key Players:
DENSO Corporation LG Electronics Inc. Calsonic Kansei Corporation Hitachi Automotive Systems, Ltd. Mitsubishi Electric Corporation
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Key regions
North America Europe Asia Pacific Middle East and Africa South America
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