Enjoy complimentary customisation on priority with our Enterprise License!
The predicted growth for the battery monitoring systems market share from 2021 to 2026 is USD 9.48 billion at a progressing CAGR of 21.87%.
This battery monitoring systems market forecast report extensively covers segmentations by:
The battery monitoring systems market report offers information on several market vendors, including ABB Ltd., Analog Devices Inc., BMS Powersafe, C and D Technologies Inc., Crucial Power Products, Curtis Instruments Inc., Eberspaecher Vecture Inc., Elithion Inc., General Electric Co., HBL Power Systems Ltd, Infineon Technologies AG, Johnson Matthey Plc, Lithium Balance AS, Lithium Werks, NXP Semiconductors NV, Raytheon Technologies Corp., Renesas Electronics Corp., Schneider Electric SE, Texas Instruments Inc., and Vertiv Holdings Co. among others. Furthermore, our analysts have provided valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches for the coming years.
Download the Free Report Sample to Unlock the Battery Monitoring Systems Market Size for the Forecast Period and Other Important Statistics
"In APAC, developing countries such as India and China are focusing on green energy to reduce greenhouse gas emissions. "
Based on our research output, there has been a negative impact on the market growth during and post-COVID-19 era. The advances in EV battery and associated technologies is notably driving the battery monitoring systems market growth, although factors such as the demand-supply gap of battery components may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the battery monitoring systems industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Battery Monitoring Systems Market Driver
Key Battery Monitoring Systems Market Trend
Key Battery Monitoring Systems Market Challenge
This battery monitoring systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global battery monitoring systems market as a part of the global renewable electricity market within the global independent power and renewable electricity market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the battery monitoring systems market during the forecast period.
The parent global renewable electricity market covers companies engaged in the generation and distribution of electricity using renewable sources. The global independent power and renewable electricity market size include combined revenue generated by companies involved in the generation and distribution of independent power producers, gas and power marketing and trading specialists, and/or integrated energy merchants and renewable electricity. The market also includes manufacturers of raw materials and equipment used in the solar power market. Growth in the global renewable electricity market will be driven by the following factors: Supporting policies and targets for deployment of renewable power: The adoption of renewables has significantly increased over the past decade due to effective policies and ambitious targets.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the battery monitoring systems market encompasses successful business strategies deployed by the key vendors. The battery monitoring systems market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The battery monitoring systems market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the battery monitoring systems market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
For more insights on the market share of various regions Request for a FREE sample now!
50% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the battery monitoring systems market in APAC. Market growth in this region will be slower than the growth of the market in Europe.
The need to improve the environment as well as energy security in some of the fast-growing economies such as China, Japan, and India will facilitate the battery monitoring systems market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
.The outbreak of COVID-19 slowed down the production of automobiles in 2020. However, companies have been increasing their sales and investing in electric vehicle (EV) production with supportive government initiatives. Such factors will consequently boost the market in focus in APAC during the forecast period.
To gain further insights on the market contribution of various segments Request for a FREE sample
The battery monitoring systems market share growth by the automotive segment will be significant during the forecast period. The global battery monitoring systems market witnessed a slowdown owing to the outbreak of COVID-19 in 2020. The outbreak globally disrupted the operations of the automotive industry. Owing to the outbreak, automotive manufacturers reduced their focus on electric vehicle infrastructure development temporarily. However, with the increase in vaccination rates, a decline in the number of COVID-19 cases, and the easing of lockdown measures, many countries entered the phase of recovery from the pandemic. Thus, the growth in the automotive sector in the upcoming years will drive the growth of the battery monitoring systems market in focus during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the battery monitoring systems market size and actionable market insights on the post-COVID-19 impact on each segment.
Battery Monitoring Systems Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 21.87% |
Market growth 2022-2026 |
$9.48 billion |
Market structure |
Fragmented |
YoY growth (%) |
17.11 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 50% |
Key consumer countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
ABB Ltd., Analog Devices Inc., BMS Powersafe, C and D Technologies Inc., Crucial Power Products, Curtis Instruments Inc., Eberspaecher Vecture Inc., Elithion Inc., General Electric Co., HBL Power Systems Ltd, Infineon Technologies AG, Johnson Matthey Plc, Lithium Balance AS, Lithium Werks, NXP Semiconductors NV, Raytheon Technologies Corp., Renesas Electronics Corp., Schneider Electric SE, Texas Instruments Inc., and Vertiv Holdings Co. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.