Global Battery Monitoring System Market 2018-2022 by Component, Type, Battery Type, and End-User - CAGR Projected to Grow at 18.23% - ResearchAndMarkets.com

DUBLIN--()--The "Battery Monitoring System Market by Component (Hardware, Software), Type (Wired, Wireless), Battery Type (Lithium-Ion Based, Lead-Acid), End-User (Telecommunications, Automotive, Energy, Industries), and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

The global battery monitoring system market is projected to grow at a CAGR of 18.23%, during the forecast period, to reach a market size of USD 5.47 Billion by 2022, from an estimated USD 2.37 Billion in 2017.

Market growth can be attributed to rising investments in data centers and growing renewable power generation globally. The increased operational efficiency of batteries and rising demand for electric vehicles are expected to boost the demand for battery monitoring systems.

The leading players in the battery monitoring system market include NDSL (UK), Texas Instruments (US), PowerShield (New Zealand), BatteryDAQ (US), Canara (US), and Eagle Eye (US). New product launches was the most commonly adopted strategy by the top players in the market from 2014 to 2017. It was followed by contracts & agreements, expansions and investments, and partnerships.

Market Dynamics

Drivers

  • Preventing Unplanned Outages
  • Increased Operational Efficiency of Batteries
  • Rising Demand for Electric Vehicles

Restraints

  • High Cost of Battery Monitoring Systems for Larger Battery Solutions

Opportunities

  • Rising Demand for Battery Monitoring Systems for Datacenter Applications
  • Increasing Renewable Power Generation

Challenges

  • Presence of a Large Number of Local and Regional Players

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Battery Monitoring System Market, by Component

7 Battery Monitoring System Market, by Type

8 Battery Monitoring System Market, by Battery Type

9 Battery Monitoring System Market, by End-User

10 Battery Monitoring System Market, by Region

11 Competitive Landscape

12 Company Profiles

  • ABB
  • Batterydaq
  • Btech
  • Canara
  • Curtis
  • Eagle Eye
  • HBL
  • NDSL
  • Powershield
  • SBS
  • Schneider Electric
  • Socomec
  • Texas Instruments

For more information about this report visit https://www.researchandmarkets.com/research/2rcp8k/global_battery?w=4

Contacts

ResearchAndMarkets.com
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Related Topics: Battery Technology

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Battery Technology