Future Market Insights has announced the addition of the “Battery Management System Market: Global Industry Analysis and Opportunity Assessment 2015-2025" report to their offering.
London, UK -- (SBWIRE) -- 06/05/2015 -- Battery Management System Market Overview
The system which is used to maintain, monitor, protect and optimize the state of the rechargeable battery is called as battery management system. Battery management system is a combination of hardware and software and it measures current, charge, temperature, charge, cell balancing and notifies different performance indicators of the battery. The rechargeable batteries are increasingly used in a wide range of application in automobile, military, healthcare and many others. Battery management systems not only provides damage protection to battery but also safeguards the device for which it acts as power source.
The battery management system provides real-time power to devices and has endless applications in cars, motorcycles, industrial machines, portable devices, UPS systems, etc. The battery management system provides safety and reliability of the battery. It also provides optimal usage of battery power that ensures longer and healthy life of the battery. Battery management systems are specific to the type of the battery and application for which it is used for, which acts as a factor that surpass the growth of global battery management system market and at the same time provides opportunity for development of innovative solutions.
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The basic factor that drive the global battery management system market is increasing demand for portable devices such as smartphone, laptops, tab etc., which use rechargeable batteries. The battery management system has application in all the end-user industry that use rechargeable batteries in their applications such as automotive, telecom, power grid, wind and solar. On other side, complex battery structures hinders the growth of battery management system market.
Battery Management System Market Segmentation
The global battery management system market is segmented on the basis of components, end-user, topology, applications, and geography. On the basis of end-user, global battery management system market is categorized into, battery, DC converter, load, power module and communication channel. On the basis of end-user, global battery management system market is categorized into, telecommunication, automotive, consumer electronics, power grid, wind, solar and others. On the basis of topology, global battery management system market is categorized into, centralized, distributed, and modular. On the basis of application, global battery management system market is categorized into, automotive industry, healthcare, industrial usage, domestic usage, renewable energy harvesting, aerospace & defence and others. On the basis of geography, global battery management system market is segmented into, North America, Latin America, Asia Pacific, Japan, Western Europe, Eastern Europe, middle east and Africa.
Battery Management System Market Dynamics
North America is the biggest global battery management system market due to its increasing investment in innovative technology for battery management systems in hybrid vehicles and military operations. Automotive sector has biggest share in battery management system market due to presence of major manufacturers in Asia pacific region, especially in China. The different stakeholders in battery management system market are, battery manufacturer, equipment providers, electronic component suppliers, battery management and system manufacturers and testing and inspection organizations. The current global battery management system market is characterised by innovative and customized solution as per end user requirement.
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Battery Management System Market: Key Players
Some of the top players in global battery management system market include - Larsen & Toubro Limited, Linear Technology Corporation, Johnson Matthey Battery Systems Nuvation Engineering, Navitas System, SK Continental E-motion, Toshiba Corporation, Merlin Equipment Ltd., Valence Technology, Inc. etc. among others. These top players follow the strategy of product innovation, mergers and acquisition. The deep analysis of value chain of Global battery management system market will provide insight about future market demand and opportunities. A perfect mix product and corporate strategy will help the companies to grab more market share.
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