Battery Monitoring Market - Forecasts from 2019 to 2024
Battery monitoring Market is projected to grow at a CAGR of XX% to reach US$XX billion by 2024, from US$XX billion in 2018. Rising focus on electric vehicles is one of the major drivers of battery monitoring system market. Favorable government initiatives to support renewable energy sector while reducing air pollution is driving the demand for electric vehicles which, in turn, is boosting the growth of battery monitoring system market. By component, hardware segment holds a significant market share on account of ease of installation. By battery type, lithium ion batteries accounted for the major market share in 2018 owing to their high adoption in electric vehicles and power tools for battery backup. Geographically, North America dominates the global battery monitoring system market due to early adoption of advanced technologies and presence of major market players in the region.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Battery monitoring Market value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the Battery monitoring Market.
Major industry players profiled as part of the report are Texas Instruments Incorporated, BatteryDAQ, Eagle Eye Power Solutions, LLC, NDSL Group LTD, and ABB among others.
The Battery monitoring Market has been analyzed through following segments:
By Battery Type
By End Use Industry
Energy and Power
Middle East and Africa
Key insights offered
What will be the Battery monitoring Market size from 2019 to 2024?
How are the major drivers and restraints affecting the Battery monitoring Market growth and the opportunities which exist for key vendors?
Which segment and region will drive or lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participants’ behaviour
Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth.
Texas Instruments Incorporated
Eagle Eye Power Solutions, LLC
NDSL Group LTD
Curtis Instruments, Inc