DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Battery Management System Market Analysis By Battery Type (Lithium-Ion Based, Lead-Acid Based, Nickel Based, Flow Batteries), By Topology (Centralized, Distributed, Modular), By Application, And Segment Forecasts, 2014 - 2025" report to their offering.
The global Battery Management System (BMS) market size is anticipated to reach USD 11.17 billion by 2025. The growing trend of renewable energy generation was driven by the increasing concerns of climate change across the globe. Additionally, the decreasing prices of solar photovoltaic cells, favorable government incentives, and the declining costs of batteries are likely to increase the renewable energy generation.
However, the energy generated via the wind and solar sources is affected by weather, location, and time. Batteries used at wind turbines and in solar panels smooth the variabilities and store energy for future use. The prevailing safety issues, the resistance from utilities, and regulatory barriers have restricted the integration of these batteries into mainstream power systems.
Electricity grids are undergoing modernization with the implementation of power flow measurement and controlling power production & distribution and are gathering information on electricity use. Storage is a major barrier to the adoption of renewable energy. Several battery technologies including lead-acid, lithium-ion, and sodium sulphate have been developed and tested for applications such as grid investment deferral and arbitrage.
Key Topics Covered:
1. Methodology and Scope
2. Executive Summary
3. Battery Management System Industry Outlook
4. Battery Management System Market: Battery Type Estimates & Trend Analysis
5. Battery Management System Market: Topology Estimates & Trend Analysis
6. Battery Management System Market: Application Estimates & Trend Analysis
7. Battery Management System Market: Regional Estimates & Trend Analysis
8. Competitive Landscape
- Elithion, Inc.
- Johnson Matthey PLC
- Linear Technology Corporation
- Lithium Balance A/S
- NXP Semiconductor N.V.
- Nuvation Engineering
- Texas Instruments, Inc.
- Valence Technology, Inc.
- Recent Developments
- Vecture, Inc.
For more information about this report visit http://www.researchandmarkets.com/research/z4wwdv/battery