Global Battery Management Systems Market Is Growing with a CAGR of 21.4 % from 2015 to 2022
The Battery Management Systems market is expected to reach $6,927 million by 2022 growing at a CAGR of 21.4% from 2015 to 2022. Battery management systems are specially designed to meet the strong requirements of protecting and managing Plug-in Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicles (HEV), and battery packs for Electric Vehicles (EV) with automotive grade quality. The increasing applications of rechargeable batteries in healthcare, telecom, and military, and increasing market for electric and hybrid vehicles are factors favoring...
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