Market Highlights
Battery monitoring system is system which ensures the optimal utilization of energy inside the battery. It can affectively prevent the overcharging or under-charging of batteries in order to maintain uniformity among batteries to increase the shelf-life of a battery. The battery monitoring system possess various significant features such as automatic recording of data during charge and discharge of batteries, rapid voltage sampling, temperature compensation, and flexible to suit battery model & application, among others.
Based on type, the Battery Monitoring System Market is segmented into wired and wireless battery monitoring system. The wired segment is estimated to dominate the battery monitoring system market during the forecast period. Wired battery monitoring system enables remote monitoring of all operations wherein all the operations can be monitored from a centralized location.
The Global Battery Monitoring System Market is expected to grow at 18.20% CAGR during the forecast period.
Key Players
The key players of the Global Battery Monitoring System Market are Texas Instruments (US), NDSL (India), Powershield (New Zealand), HBL (India), Canara (US), ABB (Switzerland), Batterydaq (US), Eagle Eye (US), Btech (US), SBS (US), Schneider Electric (France), Curtis (US), Embitel (India).
Market Research Analysis
Region wise, North America held the largest market share of the Global Battery Monitoring System Market in 2017. The major economies in North America include the US, and Canada which are actively participating in the investment being made in industries. For instance, the Canadian government invested around USD 1.5 billion in wind energy projects. Similarly, the US invested around USD 18.2 million in data centers in 2017. This would further drive the market for battery monitoring system which finds its significant application in these key areas.
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Scope of the Report
This report provides an in-depth analysis of the Global Battery Monitoring System Market, tracking four market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the battery monitoring system market by its type, component, battery type, end-user, and by region.
By Type
- Wired
- Wireless
By Component
- Hardware
- Software & Services
By Battery Type
- Lithium-Ion Based Battery
- Lead-Acid Battery
By End-User
- Energy
- Telecommunications
- Automotive
- Industries
- Others
By Regions
- North America
- Asia-Pacific
- Europe
- Middle East & Africa
- South America
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