The Battery Monitoring System Market

The battery monitoring system intends to notify the user regarding the forthcoming scenario and health of the battery. It notifies the user about the failure of batteries within the bank. It also notifies the user about the net charge left or total backup available from the battery or the battery bank. Any specific damage to the battery is often easily monitored to require the needed action to protect the battery from any vital damage hampering its ability to perform. Since, battery monitoring can extend the general battery life and its efficiency. The rising adoption of electric vehicles is the major propelling factor to stimulate the demand for battery monitoring systems market. The key factors which have led to the development of electric vehicles are the exhaustion of fossil fuels, increasing vehicular pollution levels, and energy shortage. In addition, the requirement for electric vehicles has prompted the high costs of fuels used in internal combustion (IC) engines. Across the world, an EV is regarded as the future of the transportation system since it is a zero-emission vehicle. In powering an electric vehicle, the battery plays a prominent role. The high energy density, low emission rates, and long lifecycles are several benefits of the batteries, which are used as the power source in electric vehicles. To help transition the domestic energy supplies to renewable, various governments all across the world have supported battery manufacturers for electric vehicles. However, huge cost of battery management system for better battery solutions is the key constraint in the market.

Furthermore, the global battery monitoring systems market has grown with the rising demand for battery monitoring systems in data centers. The data centers include storage resources, servers, and networking systems which process data and information by organizing and storing the data. In performing the core applications, the data centers help organizations. Similar to lithium-ion batteries and lead-acid batteries, different types of batteries are used in data centers to assist UPS systems and offer back-up power over long periods as battery failures may impede operations and result in financial losses; proper monitoring of batteries in data centers is required. Therefore, data centers' operations and safety have been improved with the battery monitoring systems which are integrated with the batteries. Furthermore, the integration of emerging technologies such as AI and IoT can present lucrative growth opportunities for the stakeholders and players operating in the global battery monitoring system market in the forecasted period.

The global Battery Monitoring System Market is segregated on the basis of Type as Wired and Wireless. Based on Component the global Battery Monitoring System Market is segmented in Hardware and Software. Based on Battery Type the global Battery Monitoring System Market is segmented in Lithium-Ion Based, Lead-Acid and Others.

The global Battery Monitoring System Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Battery Monitoring System Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

ABB, BTECH, General Electric, 6th Energy Technologies, NDSL Group and others are among the major players in the global Battery Monitoring System Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In July 2019, Benchmark Electronics, Inc. a global provider of manufacturing, engineering and design services, declared the appointment of Rhonda Turner as chief human officer. Turner will lead all aspects of human resources.
• In December 2020, Lithium-ion battery company Inverted Energy declared that it introduced its first advanced battery management system, OJAS BMS. The company claimed that technology provides greater control over the battery, delivering efficient performance. It plans to make the system available as a standard providing on all planned battery models.
• In January 2018, Maxim introduced an advanced battery management system for creating a smarter car in the future. Automotive OEMs improve the safety of their lithium-ion battery packs with strong communications, comprehensive diagnosis, and lesser system costs with the help of company’s MAX17843 12-channel, high-voltage smart sensor data-acquisition device.

   The global Battery Monitoring System Market has been segmented as below:

Battery Monitoring System Market, By Type

• Wired
• Wireless

Battery Monitoring System Market, By Component

• Hardware
• Software

Battery Monitoring System Market, By Battery Type

• Lithium-Ion Based
• Lead-Acid
• Others

Battery Monitoring System Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

Battery Monitoring System Market, By Company

• ABB
• BTECH
• General Electric
• 6th Energy Technologies
• NDSL Group
• Vertiv
• BatteryDAQ
• Canara
• Curtis Instruments
• Dukosi
• Eagle Eye Power Solutions
• Eberspacher
• Efftronics Systems
• Enertect
• GENEREX Systems
• HBL Power Systems
• Johnson Matthey Battery Systems
• Analog Devices
• Midtronics Stationary Power
• Nuvation
• PowerShield
• Schneider Electric
• Sosaley Technologies
• Texas Instruments

The report covers the below scope:

• Global Battery Monitoring System Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global Battery Monitoring System Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Battery Monitoring System Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global Battery Monitoring System Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Battery Monitoring System Market share. Major industry players with significant revenue share include ABB, BTECH, General Electric, 6th Energy Technologies, NDSL Group and others.

Why to Buy this Report:

• Gain detailed insights on the Battery Monitoring System industry trends
• Find complete analysis on the market status
• Identify the Battery Monitoring System Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

Free and Paid Customization based on the requirement

1.      Introduction

1.1.       Key Points

1.2.      Report Description

1.3.      Markets Covered

1.4.      Stakeholders

2.     Research Methodology

2.1.      Research Scope

2.2.     Research Methodology

2.2.1.     Market Research Process

2.2.2.    Research Methodology

2.2.2.1.           Secondary Research

2.2.2.2.          Primary Research

2.2.2.3.          Models for Estimation

2.3.     Market Size Estimation

2.3.1.     Bottom-Up Approach

2.3.2.    Top-Down Approach

3.     Executive Summary

4.    Market Overview

4.1.      Introduction

4.2.     Drivers

4.3.     Restraints

4.4.     Opportunities

4.5.     Challenges

5.     Battery Monitoring System Market, By Type

5.1.      Key Points

5.2.  Wired

5.3.  Wireless

6.    Battery Monitoring System Market, By Component

6.1.      Key Points

6.2. Hardware

6.3. Software

7.     Battery Monitoring System Market, By Battery Type

7.1.      Key Points

7.2.  Lithium-Ion Based

7.3.  Lead-Acid

7.4.  Others

8.    Competitive Landscape

8.1.      Introduction

8.2.     Start-up companies- Battery Monitoring System Market

8.3.     Recent Developments

8.3.1.     Mergers & Acquisitions

8.3.2.    New Product Developments

8.3.3.    Portfolio/Production Capacity Expansions

8.3.4.    Joint Ventures, Collaborations, Partnerships & Agreements

8.3.5.    Others

9.    Company Profile

9.1.  ABB

9.2. BTECH

9.3. General Electric

9.4. 6th Energy Technologies

9.5.  NDSL Group

9.6. Vertiv

9.7.  BatteryDAQ

9.8. Canara

9.9. Curtis Instruments

9.10.    Dukosi

9.11.      Eagle Eye Power Solutions

9.12.    Eberspacher

9.13.     Efftronics Systems

9.14.    Enertect

9.15.     GENEREX Systems

9.16.    HBL Power Systems

9.17.     Johnson Matthey Battery Systems

9.18.    Analog Devices

9.19.    Midtronics Stationary Power

9.20.   Nuvation

9.21.    PowerShield

9.22.   Schneider Electric

9.23.    Sosaley Technologies

9.24.   Texas Instruments