San Francisco, 25 March, Battery Management System Market Analysis By
Battery Type (Lithium-Ion Based, Lead-Acid Based, Nickel Based, Flow
Batteries), By Topology (Centralized, Distributed, Modular), By Application,
And Segment Forecasts, 2018 – 2025.
The global batterymanagement system (BMS) market size is anticipated to reach USD 11.17 billion by
2025, according to a new report by Grand View Research, Inc. The growing trend
of renewable energy generation was driven by the increasing concerns of climate
change across the globe. Additionally, the decreasing prices of solar
photovoltaic cells, favorable government incentives, and the declining costs of
batteries are likely to increase the renewable energy generation.
However, the energy generated
via the wind and solar sources is affected by weather, location, and time.
Batteries used at wind turbines and in solar panels smooth the variabilities
and store energy for future use. The prevailing safety issues, the resistance
from utilities, and regulatory barriers have restricted the integration of
these batteries into mainstream power systems.
Electricity grids are
undergoing modernization with the implementation of power flow measurement and
controlling power production & distribution and are gathering information
on electricity use. Storage is a major barrier to the adoption of renewable
energy. Several battery technologies including lead-acid, lithium-ion, and
sodium sulphate have been developed and tested for applications such as grid
investment deferral and arbitrage.
Energy storage systems (ESS)
aid in storing renewable energy sources for further commercial use. The
increasing demand for ESS is expected to augment the market demand over the
forecast period. Lead-acid batteries are the most commonly used battery types
in ESS, owing to applications such as standalone battery systems used to handle
output fluctuations from the wind and solar power.
Access Full Research
Report On Battery Management System Market Analysis:
https://www.grandviewresearch.com/industry-analysis/battery-management-system-bms-market
https://www.grandviewresearch.com/industry-analysis/battery-management-system-bms-market
Further key findings from the report suggest:
·
The growing penetration of UPS
solution in businesses to counter data loss is expected to spur the demand for
BMS
·
Lithium-ion batteries are used
in applications requiring high-energy density solutions
·
The lithium-ion based battery
type is anticipated to witness a significant growth with a CAGR of over 22%
over the projected period
·
Centralized topology is
anticipated to dominate the market in terms of revenue over the forecast
period, owing to the increasing applications such as industrial UPS, Electric
Vehicles (EV), drones, and energy storage system
·
The stringent regulations
toward carbon emissions in the developed countries and the growing penetration
of EVs in the emerging economies are expected to spur the automotive
application demand
·
The Asia Pacific region is
anticipated to portray high growth rate over the forecast period
·
The key players in the BMS
market include Texas Instruments, Inc. (U.S.), NXP Semiconductor N.V.
(Netherlands), Elithion, Inc. (U.S.), and Vecture, Inc. (U.S.)
Browse More Reports Of This Category By
Grand View Research At: https://www.grandviewresearch.com/industry/power-generation-and-storage
Grand View Research has segmented the
battery management system market based on battery type, topology, application,
and region:
BMS Battery Type Outlook
(Revenue, USD Million, 2014 - 2025)
·
Lithium-ion based
·
Nickel based
·
Lead-acid based
·
Flow batteries
BMS Topology Outlook (Revenue,
USD Million, 2014 - 2025)
·
Centralized
·
Distributed
·
Modular
BMS Application Outlook
(Revenue, USD Million, 2014 - 2025)
·
Automotive
·
Consumer electronics
·
Energy
·
Defense
BMS Regional Outlook (Revenue,
USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
UK
o
France
o
Netherlands
o
Norway
·
Asia Pacific
o
China
o
India
o
Japan
·
South America
o
Brazil
·
Middle East and Africa (MEA)
Browse Press
Release of this Report:
www.grandviewresearch.com/press-release/global-battery-management-system-bms-market
www.grandviewresearch.com/press-release/global-battery-management-system-bms-market
About Grand View
Research
Grand View
Research provides syndicated as well as customized research reports and
consulting services on 46 industries across 25 major countries worldwide. This
U.S.-based market research and consulting company is registered in California
and headquartered in San Francisco. Comprising over 425 analysts and
consultants, the company adds 1200+ market research reports to its extensive
database each year. Supported by an interactive market intelligence platform,
the team at Grand View Research guides Fortune 500 companies and prominent academic
institutes in comprehending the global and regional business environment and
carefully identifying future opportunities.
For more
information: www.grandviewresearch.com/
No comments:
Post a Comment