DUBLIN--(BUSINESS WIRE)--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.
- Preventing Unplanned Outages
- Increased Operational Efficiency of Batteries
- Rising Demand for Electric Vehicles
- High Cost of Battery Monitoring Systems for Larger Battery Solutions
- Rising Demand for Battery Monitoring Systems for Datacenter Applications
- Increasing Renewable Power Generation
- Presence of a Large Number of Local and Regional Players
Key Topics Covered:
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
- Eagle Eye
- Schneider Electric
- Texas Instruments
For more information about this report visit https://www.researchandmarkets.com/research/2rcp8k/global_battery?w=4