Battery Monitoring Systems Market Forecast till 2027
$4950 – $7250
The global battery monitoring systems market growth has been propelled by the increasing demand across various industry verticals due to the advancements in EV batteries and associated technologies.
The global battery monitoring systems market is likely to grow at a substantial rate during the forecast period.
The battery monitoring systems comprises of automotive, solar power, data centers, power utilities and consumer electronics, all with hardware and software components that transmit data through ethernet to a remote location or a centralized control room and display fault alarms and battery status on a control unit.
The demand for battery monitoring systems has been driven by the growing adoption of electric vehicles.
This shift is mainly due to the depletion of fossil fuels, the rising levels of vehicular pollution, and energy shortages, as well as the high cost of fuel for internal combustion (IC) engines. EVs are seen as the future of the transportation system globally, as they offer a zero-emission alternative.
The battery plays a key role in powering an electric vehicle, and its advantages, such as high energy density, low emissions, and long lifecycles, are what make it an ideal energy source for EVs.
The global market growth for battery monitoring systems has been propelled by the increasing demand across various industry verticals due to the advancements in EV batteries and associated technologies. Also, various governments around the world have also provided support to battery manufacturers to help transition to renewable energy sources
Segment Overview
The component, type, battery type, product, end-use and regional segments have been used to divide the global market for battery monitoring systems market. The global market has been divided into lithium-ion, lead-acid and others based on the type of battery monitoring systems. Lithium-ion segment is likely to dominate the market over the forecast period.
The type segment has been divided into wired and wireless. Based on end use, the global market has been divided into automotive, consumer electronics, aerospace & defense, telecommunications, utilities and others. Based on product, the global market is segmented into stationary batteries and motive batteries.
Regional Analysis
Among the various regional markets, the North American region is estimated to record the highest market share during the forecast period due to its impeccable demand from the Asia-Pacific, South America, Middle East & Africa, and Europe. To gain a thorough understanding of the market, a detailed analysis of the competitive landscape has been carried out.
In February 2020, the US Department of Energy (DOE) collaborated with national laboratories to improve batteries, battery monitoring systems, and electric drive systems. Similarly in September 2018, Alibaba Group (China) opened its second Availability Zone in Mumbai, India. Additionally, in February 2019, CtrlS Datacenters Ltd (India) planned to invest USD 278.6 million for setting up three hyper-scale data centers in India..
Major Players
HBL Power Systems Ltd, Storage Battery Systems, Nuvation Energy, Socomec, ABB, Vertiv Holdings Co., and Schneider Electric are among the leading companies operating in the global battery monitoring systems market.
Abstract Battery supply digital concept
COVID 19 Impacts
The battery monitoring systems market has been greatly impacted by COVID 19, just like any other sector around the world. Reduced product sales have forced the industry to implement new strategies to increase sales and maintain growth projections for 2026. The pandemic has disrupted the global market production and supply chain, so various measures have been taken to stop it from affecting market statistics.
TABLE OF CONTENT
1 EXECUTIVE SUMMARY
1.1. MARKET ATTRACTIVENESS ANALYSIS
1.1.1. GLOBAL BATTERY MONITORING SYSTEMS MARKET, BY COMPONENT
1.1.2. GLOBAL BATTERY MONITORING SYSTEMS MARKET, BY TYPE
1.1.3. GLOBAL BATTERY MONITORING SYSTEMS MARKET, BY BATTERY TYPE
1.1.4. GLOBAL BATTERY MONITORING SYSTEMS MARKET, BY PRODUCT
1.1.5. GLOBAL BATTERY MONITORING SYSTEMS MARKET, BY END USE
1.1.6. GLOBAL BATTERY MONITORING SYSTEMS MARKET, BY REGION
2 MARKET INTRODUCTION
2.1. DEFINITION
2.2. SCOPE OF THE STUDY
2.3. MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1. RESEARCH PROCESS
3.2. PRIMARY RESEARCH
3.3. SECONDARY RESEARCH
3.4. MARKET SIZE ESTIMATION
3.5. FORECAST MODEL
3.6. LIST OF ASSUMPTIONS
4 MARKET DYNAMICS
4.1. INTRODUCTION
4.2. DRIVERS
4.2.1. GROWING ADOPTION OF BATTERY MONITORING SYSTEMS IN ELECTRIC VEHICLES
4.2.2. GROWING DEMAND FOR BATTERY MONITORING SYSTEMS IN DATA CENTERS
4.3. RESTRAINTS
4.3.1. HIGH COST OF BATTERY MONITORING SYSTEMS
4.4. OPPORTUNITIES
4.4.1. INCREASING RENEWABLE ENERGY GENERATION SOURCES
5 MARKET FACTOR ANALYSIS
5.1. VALUE CHAIN ANALYSIS/SUPPLY CHAIN ANALYSIS
5.2. PORTER’S FIVE FORCES MODEL
5.2.1. BARGAINING POWER OF SUPPLIERS
5.2.2. BARGAINING POWER OF BUYERS
5.2.3. THREAT OF NEW ENTRANTS
5.2.4. THREAT OF SUBSTITUTES
5.2.5. INTENSITY OF RIVALRY
6 GLOBAL BATTERY MONITORING SYSTEMS MARKET, BY COMPONENT
6.1. INTRODUCTION
6.2. HARDWARE
6.3. SOFTWARE
6.4. SERVICES
7 GLOBAL BATTERY MONITORING SYSTEMS MARKET, BY TYPE
7.1.1. INTRODUCTION
7.1.2. WIRED
7.1.3. WIRELESS
8 GLOBAL BATTERY MONITORING SYSTEMS MARKET, BY BATTERY TYPE
8.1.1. INTRODUCTION
8.1.2. LITHIUM-ION
8.1.3. LEAD-ACID
8.1.4. OTHERS
9 GLOBAL BATTERY MONITORING SYSTEMS MARKET, BY PRODUCT
9.1.1. INTRODUCTION
9.1.2. STATIONARY BATTERIES
9.1.3. MOTIVE BATTERIES
10 GLOBAL BATTERY MONITORING SYSTEMS MARKET, BY END USER
10.1. INTRODUCTION
10.2. AUTOMOTIVE
10.3. TELECOMMUNICATIONS
10.4. CONSUMER ELECTRONICS
10.5. AEROSPACE & DEFENSE
10.6. UTILITIES
10.7. OTHERS
11 GLOBAL BATTERY MONITORING SYSTEMS MARKET, BY REGION
11.1. INTRODUCTION
11.2. NORTH AMERICA
11.2.1. US
11.2.2. CANADA
11.2.3. MEXICO
11.3. EUROPE
11.3.1. GERMANY
11.3.2. UK
11.3.3. FRANCE
11.3.4. ITALY
11.3.5. RUSSIA
11.3.6. REST OF EUROPE
11.4. ASIA-PACIFIC
11.4.1. CHINA
11.4.2. INDIA
11.4.3. JAPAN
11.4.4. SOUTH KOREA
11.4.5. REST OF ASIA-PACIFIC
11.5. MIDDLE EAST & AFRICA
11.5.1. SAUDI ARABIA
11.5.2. UAE
11.5.3. SOUTH AFRICA
11.5.4. REST OF MIDDLE EAST & AFRICA
11.6. SOUTH AMERICA
11.6.1. BRAZIL
11.6.2. ARGENTINA
11.6.3. REST OF SOUTH AMERICA
12 COMPETITIVE LANDSCAPE
12.1. INTRODUCTION
12.2. COMPETITIVE OVERVIEW
12.3. COMPETITIVE BENCHMARKING
12.4. MARKET SHARE ANALYSIS
13 COMPANY PROFILES
13.1. VERTIV HOLDINGS CO
13.1.1. COMPANY OVERVIEW
13.1.2. FINANCIAL OVERVIEW
13.1.3. PRODUCTS/SERVICES OFFERED
13.1.4. KEY DEVELOPMENTS
13.1.5. SWOT ANALYSIS
13.1.6. KEY STRATEGIES
13.2. CELLWATCH
13.2.1. COMPANY OVERVIEW
13.2.2. FINANCIAL OVERVIEW
13.2.3. PRODUCTS/SERVICES OFFERED
13.2.4. KEY DEVELOPMENTS
13.2.5. SWOT ANALYSIS
13.2.6. KEY STRATEGIES
13.3. BATTERYDAQ
13.3.1. COMPANY OVERVIEW
13.3.2. FINANCIAL OVERVIEW
13.3.3. PRODUCTS/SERVICES OFFERED
13.3.4. KEY DEVELOPMENTS
13.3.5. SWOT ANALYSIS
13.3.6. KEY STRATEGIES
13.4. POWERSHIELD LIMITED
13.4.1. COMPANY OVERVIEW
13.4.2. FINANCIAL OVERVIEW
13.4.3. PRODUCTS/SERVICES OFFERED
13.4.4. KEY DEVELOPMENTS
13.4.5. SWOT ANALYSIS
13.4.6. KEY STRATEGIES
13.5. CPG (CANARA)
13.5.1. COMPANY OVERVIEW
13.5.2. FINANCIAL OVERVIEW
13.5.3. PRODUCTS/SERVICES OFFERED
13.5.4. KEY DEVELOPMENTS
13.5.5. SWOT ANALYSIS
13.5.6. KEY STRATEGIES
13.6. BTECH, INC
13.6.1. COMPANY OVERVIEW
13.6.2. FINANCIAL OVERVIEW
13.6.3. PRODUCTS/SERVICES OFFERED
13.6.4. KEY DEVELOPMENTS
13.6.5. SWOT ANALYSIS
13.6.6. KEY STRATEGIES
13.7. EAGLE EYE POWER SOLUTIONS, LLC
13.7.1. COMPANY OVERVIEW
13.7.2. FINANCIAL OVERVIEW
13.7.3. PRODUCTS/SERVICES OFFERED
13.7.4. KEY DEVELOPMENTS
13.8. CURTIS INSTRUMENTS, INC
13.8.1. COMPANY OVERVIEW
13.8.2. FINANCIAL OVERVIEW
13.8.3. PRODUCTS/SERVICES OFFERED
13.8.4. KEY DEVELOPMENTS
13.9. HBL POWER SYSTEMS LTD
13.9.1. COMPANY OVERVIEW
13.9.2. FINANCIAL OVERVIEW
13.9.3. PRODUCTS/SERVICES OFFERED
13.9.4. KEY DEVELOPMENTS
13.10. SOCOMEC
13.10.1. COMPANY OVERVIEW
13.10.2. FINANCIAL OVERVIEW
13.10.3. PRODUCTS/SERVICES OFFERED
13.10.4. KEY DEVELOPMENTS
13.11. STORAGE BATTERY SYSTEMS, LLC
13.11.1. COMPANY OVERVIEW
13.11.2. FINANCIAL OVERVIEW
13.11.3. PRODUCTS/SERVICES OFFERED
13.11.4. KEY DEVELOPMENTS
13.12. TEXAS INSTRUMENTS INCORPORATED
13.12.1. COMPANY OVERVIEW
13.12.2. FINANCIAL OVERVIEW
13.12.3. PRODUCTS/SERVICES OFFERED
13.12.4. KEY DEVELOPMENTS
13.13. NUVATION ENERGY
13.13.1. COMPANY OVERVIEW
13.13.2. FINANCIAL OVERVIEW
13.13.3. PRODUCTS/SERVICES OFFERED
13.13.4. KEY DEVELOPMENTS
13.14. ABB
13.14.1. COMPANY OVERVIEW
13.14.2. FINANCIAL OVERVIEW
13.14.3. PRODUCTS/SERVICES OFFERED
13.14.4. KEY DEVELOPMENTS
13.15. SCHNEIDER ELECTRIC
13.15.1. COMPANY OVERVIEW
13.15.2. FINANCIAL OVERVIEW
13.15.3. PRODUCTS/SERVICES OFFERED
13.15.4. KEY DEVELOPMENTS
Company Mentioned
HBL Power Systems Ltd, Storage Battery Systems, Nuvation Energy, Socomec, ABB, Vertiv Holdings Co., and Schneider Electric
