Published: October 2020 Published: December 2020 2021 Published: November Published: February 2021
Published: April 2021
2015 – 2025 20152017 – 2025 – 2027 GLOBAL ORNAMENTAL FISH MARKET 2016 – 2026 FORECAST & OPPORTUNITIES GLOBAL BATTERY MONITORINGMARKET SYSTEM GLOBAL MICROPROCESSOR MARKET – FORECAST AND OPPORTUNITIES – FORECAST AND OPPORTUNITIES www.techsciresearch.com www.techsciresearch.com www.techsciresearch.com www.techsciresearch.com www.techsciresearch.com MARKET INTELLIGENCE . .CONSULTING MARKET INTELLIGENCE . CONSULTING MARKET INTELLIGENCE CONSULTING
1
Table of Contents S. No.
Contents
1.
Battery Monitoring System: Product Overview
2.
Research Methodology
3.
Impact of COVID-19 on Global Battery Monitoring System Market
4.
Executive Summary
5.
Voice of Customer
6.
5.1.
Brand Awareness
5.2.
Key Factors Influencing Purchase Decision
5.3.
Customer Satisfaction
5.4.
Key Challenges Faced
Global Battery Monitoring System Market Outlook
6.1.
Market Size & Forecast 6.1.1.
6.2.
6.3. 7.
By Value
Market Share & Forecast 6.2.1.
By Battery Type (Lithium Ion Based Battery, Lead Acid Battery, Others)
6.2.2.
By Component (Hardware, Software)
6.2.3.
By Type (Wired Battery Monitoring System, Wireless Battery Monitoring System)
6.2.4.
By End User (Telecommunications, Energy, Automotive, Others)
6.2.5.
By Region
6.2.6.
By Company (2020)
Market Map (By Battery Type, By Component, By Type, By End User, By Region)
North America Battery Monitoring System Market Outlook 7.1.
Market Size & Forecast 7.1.1.
By Value © TechSci Research
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Table of Contents S. No.
Contents 7.2.
Market Share & Forecast 7.2.1.
By Battery Type
7.2.2.
By Component
7.2.3.
By Type
7.2.4.
By End User
7.2.5.
By Country
7.3.
Market Map (By Battery Type, By Component, By Type, By End User, By Country)
7.4.
North America: Country Analysis 7.4.1.
United States Battery Monitoring System Market Outlook 7.4.1.1.
Market Size & Forecast 7.4.1.1.1.
7.4.1.2.
7.4.2.
By Value
Market Share & Forecast 7.4.1.2.1.
By Battery Type
7.4.1.2.2.
By Component
7.4.1.2.3.
By Type
7.4.1.2.4.
By End User
Canada Battery Monitoring System Market Outlook 7.4.2.1.
Market Size & Forecast 7.4.2.1.1.
7.4.2.2.
By Value
Market Share & Forecast 7.4.2.2.1.
By Battery Type
7.4.2.2.2.
By Component
7.4.2.2.3.
By Type
7.4.2.2.4.
By End User © TechSci Research
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Table of Contents S. No.
Contents
7.4.3.
Mexico Battery Monitoring System Market Outlook 7.4.3.1.
Market Size & Forecast 7.4.3.1.1.
7.4.3.2.
8.
By Value
Market Share & Forecast 7.4.3.2.1.
By Battery Type
7.4.3.2.2.
By Component
7.4.3.2.3.
By Type
7.4.3.2.4.
By End User
Asia-Pacific Battery Monitoring System Market Outlook 8.1.
Market Size & Forecast 8.1.1.
8.2.
By Value
Market Share & Forecast 8.2.1.
By Battery Type
8.2.2.
By Component
8.2.3.
By Type
8.2.4.
By End User
8.2.5.
By Country
8.3.
Market Map (By Battery Type, By Component, By Type, By End User, By Country)
8.4.
Asia-Pacific: Country Analysis 8.4.1.
China Battery Monitoring System Market Outlook 8.4.1.1.
Market Size & Forecast 8.4.1.1.1.
8.4.1.2.
By Value
Market Share & Forecast 8.4.1.2.1.
By Battery Type
8.4.1.2.2.
By Component
8.4.1.2.3.
By Type © TechSci Research
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Table of Contents S. No.
Contents
8.4.1.2.4. 8.4.2.
Market Size & Forecast 8.4.2.1.1.
8.4.2.2.
By Value
Market Share & Forecast 8.4.2.2.1.
By Battery Type
8.4.2.2.2.
By Component
8.4.2.2.3.
By Type
8.4.2.2.4.
By End User
South Korea Battery Monitoring System Market Outlook 8.4.3.1.
Market Size & Forecast 8.4.3.1.1.
8.4.3.2.
8.4.4.
By End User
Japan Battery Monitoring System Market Outlook 8.4.2.1.
8.4.3.
Page No.
By Value
Market Share & Forecast 8.4.3.2.1.
By Battery Type
8.4.3.2.2.
By Component
8.4.3.2.3.
By Type
8.4.3.2.4.
By End User
India Battery Monitoring System Market Outlook 8.4.4.1.
Market Size & Forecast 8.4.4.1.1.
8.4.4.2.
By Value
Market Share & Forecast 8.4.4.2.1.
By Battery Type
8.4.4.2.2.
By Component
8.4.4.2.3.
By Type
8.4.4.2.4.
By End User © TechSci Research
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Table of Contents S. No.
Contents 8.4.5.
Australia Battery Monitoring System Market Outlook 8.4.5.1.
Market Size & Forecast 8.4.5.1.1.
8.4.5.2.
9.
By Value
Market Share & Forecast 8.4.5.2.1.
By Battery Type
8.4.5.2.2.
By Component
8.4.5.2.3.
By Type
8.4.5.2.4.
By End User
Europe Battery Monitoring System Market Outlook 9.1.
Market Size & Forecast 9.1.1.
9.2.
By Value
Market Share & Forecast 9.2.1.
By Battery Type
9.2.2.
By Component
9.2.3.
By Type
9.2.4.
By End User
9.2.5.
By Country
9.3.
Market Map (By Battery Type, By Component, By Type, By End User, By Country)
9.4.
Europe: Country Analysis 9.4.1.
Germany Battery Monitoring System Market Outlook 9.4.1.1.
Market Size & Forecast 9.4.1.1.1.
By Value © TechSci Research
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Table of Contents S. No.
Contents 9.4.1.2.
9.4.2.
Market Share & Forecast 9.4.1.2.1.
By Battery Type
9.4.1.2.2.
By Component
9.4.1.2.3.
By Type
9.4.1.2.4.
By End User
United Kingdom Battery Monitoring System Market Outlook 9.4.2.1.
Market Size & Forecast 9.4.2.1.1.
9.4.2.2.
9.4.3.
Market Share & Forecast 9.4.2.2.1.
By Battery Type
9.4.2.2.2.
By Component
9.4.2.2.3.
By Type
9.4.2.2.4.
By End User
France Battery Monitoring System Market Outlook 9.4.3.1.
Market Size & Forecast
9.4.3.1.1. 9.4.3.2.
9.4.4.
By Value
By Value
Market Share & Forecast 9.4.3.2.1.
By Battery Type
9.4.3.2.2.
By Component
9.4.3.2.3.
By Type
9.4.3.2.4.
By End User
Italy Battery Monitoring System Market Outlook
9.4.4.1.
Market Size & Forecast 9.4.4.1.1.
9.4.4.2.
By Value
Market Share & Forecast © TechSci Research
7
Table of Contents S. No.
Contents
9.4.5.
9.3.4.2.1.
By Battery Type
9.3.4.2.2.
By Component
9.3.4.2.3.
By Type
9.3.4.2.4.
By End User
Spain Battery Monitoring System Market Outlook 9.4.5.1.
Market Size & Forecast 9.4.5.1.1.
9.4.5.2.
10.
By Value
Market Share & Forecast 9.4.5.2.1.
By Battery Type
9.4.5.2.2.
By Component
9.4.5.2.3.
By Type
9.4.5.2.4.
By End User
South America Battery Monitoring System Market Outlook 10.1.
Market Size & Forecast 10.1.1.
10.2.
By Value
Market Share & Forecast 10.2.1.
By Battery Type
10.2.2.
By Component
10.2.3.
By Type
10.2.4.
By End User
10.2.5.
By Country
10.3
Market Map (By Battery Type, By Component, By Type, By End User, By Country)
10.4.
South America: Country Analysis 10.4.1.
Brazil Battery Monitoring System Market Outlook © TechSci Research
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Table of Contents S. No.
Contents 10.4.1.1.
Market Share & Forecast 10.4.1.1.1.
10.4.1.2.
10.4.2.
Market Share & Forecast 10.4.1.2.1.
By Battery Type
10.4.1.2.2.
By Component
10.4.1.2.3.
By Type
10.4.1.2.4.
By End User
Argentina Battery Monitoring System Market Outlook 10.4.2.1.
Market Size & Forecast 10.4.2.1.1.
10.4.2.2.
10.4.3.
By Type
By Value
Market Share & Forecast 10.4.2.2.1.
By Battery Type
10.4.2.2.2.
By Component
10.4.2.2.3.
By Type
10.4.2.2.4.
By End User
Columbia Battery Monitoring System Market Outlook
10.4.3.1.
Market Size & Forecast 10.4.3.1.1.
10.4.3.2.
By Value
Market Share & Forecast 10.4.3.2.1.
By Battery Type
10.4.3.2.2.
By Component
10.4.3.2.3.
By Type
10.4.3.2.4.
By End User © TechSci Research
9
Table of Contents S. No.
11.
Contents
Page No.
Middle East & Africa Battery Monitoring System Market Outlook 11.1.
Market Size & Forecast 11.1.1.
11.2.
By Value
Market Share & Forecast 11.2.1.
By Battery Type
11.2.2.
By Component
11.2.3.
By Type
11.2.4.
By End User
11.2.5.
By Country
11.3
Market Map (By Battery Type, By Component, By Type, By End User, By Country)
11.4.
Middle East & Africa: Country Analysis 11.4.1.
Saudi Arabia Battery Monitoring System Market Outlook 11.4.1.1.
Market Size & Forecast 11.4.1.1.1.
11.4.1.2.
11.4.2.
By Value
Market Share & Forecast
11.4.1.2.1.
By Battery Type
11.4.1.2.2.
By Component
11.4.1.2.3.
By Type
11.4.1.2.4.
By End User
UAE Battery Monitoring System Market Outlook 11.4.2.1.
Market Size & Forecast 11.4.2.1.1.
11.4.2.2.
By Value
Market Share & Forecast © TechSci Research
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Table of Contents S. No.
Contents
11.4.3.
11.4.2.2.1.
By Battery Type
11.4.2.2.2.
By Component
11.4.2.2.3.
By Type
11.4.2.2.4.
By End User
South Africa Battery Monitoring System Market Outlook 11.4.3.1.
Market Size & Forecast 11.4.3.1.1.
11.4.3.2.
11.4.4.
Market Share & Forecast 11.4.3.2.1.
By Battery Type
11.4.3.2.2.
By Component
11.4.3.2.3.
By Type
11.4.3.2.4.
By End User
Qatar Battery Monitoring System Market Outlook 11.4.4.1.
Market Size & Forecast 11.4.4.1.1.
11.4.4.2.
12.
13.
By Value
By Value
Market Share & Forecast 11.4.4.2.1.
By Battery Type
11.4.4.2.2.
By Component
11.4.4.2.3.
By Type
11.4.4.2.4.
By End User
Market Dynamics 12.1.
Drivers
12.2.
Challenges
Market Trends and Developments © TechSci Research
11
Table of Contents S. No. 14.
Contents Company Profiles 14.1.
Curtis Instruments, Inc.
14.2.
PowerShield Limited
14.3.
Schneider Electric SE
14.4.
Socomec Group
14.5.
Capitol Power Group, LLC
14.6.
BTECH, Inc.
14.7.
ABB Ltd.
14.8.
Battery Data Acquisition
14.9.
Exponential Power, Inc.
14.10.
HBL Power Systems Limited
14.11.
Texas Instruments Inc.
14.12.
Analog Device Inc.
14.13.
Shenzhen Relat Electronic Technology Co., Ltd.
14.14.
Eagle Eye Power Solutions, LLC
14.15.
Raytheon Technologies Corp.
15.
Strategic Recommendations
16.
About Us & Disclaimer
© TechSci Research
12
Product Overview
Product Overview
Product of Interest: Battery Monitoring System
Battery Monitoring System (BMS) allows users to monitor individual cells within a battery pack. BMS monitors and manages a battery pack in order to protect it from damage, prolong its life and keep the battery operating within its safety limits. BMS is an electronic system that manages a rechargeable battery by protecting the battery from drifting outside its safe operating area.
Market Segmentation BY COMPONENT
GLOBAL BATTERY MONITORING SYSTEM MARKET
•
Hardware
•
Software
BY TYPE •
System •
Lithium-Ion Battery
•
Lead-Acid Battery
•
Others
BY END USER
Wireless Battery Monitoring System
BY BATTERY TYPE •
Wired Battery Monitoring
Year Range Review Period
2017 – 2020 Base Year
BY REGION •
Europe
•
North America
•
Telecommunications
•
Asia-Pacific
•
Energy
•
South America
•
Automotive
•
Middle East & Africa
•
Other
2021 Estimated Year
2022 Forecast Period
2023 – 2027
© TechSci Research
14
Research Methodology
Research Methodology
Market Profiling
In-depth secondary research was conducted to determine overall market size, segmental market size and top players in global battery monitoring system market.
Developing List of Respondents
Formulating Questionnaire
In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide.
List of industry players and industry specialists was developed.
Data Collection
TechSci conducted interviews with industry experts and industry players for data collection and verification.
Primary Research
Data Collection
Data Filter & Analysis
Research & Intelligence
Actionable Insights
Business Solution
Primary Research ✓ LinkedIn ✓ TechSci Internal Database
✓ Identifying Key Opinion Leaders ✓ Questionnaire Design ✓ In-depth Interviews
Secondary Research ✓ Company Websites ✓ Company Annual Reports ✓ White Paper Study ✓ Financial Reports ✓ Investor Presentations ✓ Regulatory Body
Data Validation
Data obtained as a result of primary and secondary research was validated through rigorous triangulation.
Desk Research ✓ Recent Developments ✓ Market Changing Aspects/Dynamics ✓ Government Policies ✓ Conclusion
Data Analysis
The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about global battery monitoring system market.
Company Analysis ✓ Market Participants ✓ Key Strengths
Paid Sources
✓ Factiva ✓ Hoovers
© TechSci Research
16
Research Methodology Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of the global battery monitoring system market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as growing demand of electric vehicles, increasing focus towards renewable energy systems etc. and projected robust growth during the forecast period. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the global battery monitoring system market.
Methodology Followed for Calculation of Market Size:
Market Size by Value: Market size, in terms of value, for the year 2020 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders and industry experts.
The team interviewed more than 20 companies, 100 industry experts and other value chain stakeholders in the global battery monitoring system market to obtain the overall market size during 2017-2021, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data for 2017-
2021.
© TechSci Research
17
Research Methodology Respondents were asked about the current and future market growth rates, as well as market shares by battery type, by component, by type, by end user, by region and by company. Removing the outlier responses, the geometric mean of growth estimates and segment wise revenue shares were considered, to arrive at the total revenues. Revenue shares generated across various segments were further triangulated based on the response from other stakeholders and secondary sources.
Methodology Followed for Calculation of Market Shares:
Market shares by battery type, by component, by type, by end user, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares of the leading battery monitoring system market players. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Moreover, respondents were asked about the leading companies operating in the global battery monitoring system market.
Methodology Followed for Forecasting:
TechSci Research performed periodical checks on data collected through the surveys with logical checks and analyzed the survey results in SPSS/Tableau Software.
© TechSci Research
18
Research Methodology Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast the global battery monitoring system market, TechSci Research used various forecast techniques such as:
o
Moving Average
o
Time Series Analysis
o
Regression Analysis
o
Econometric and Judgmental Analysis
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate and analyze market demand scenario.
Partial List of Companies Interviewed
HBL Power Systems Limited, Texas Instruments Inc., Analog device Inc., Capitol Power Group, LLC, ABB Ltd., Exponential Power, Inc, Curtis Instruments, Inc., PowerShield
Limited, Schneider Electric SE, Socomec Group etc.
Partial List of Secondary Sources
Company Annual Reports, Press Releases, Industry Magazines, Industry Reports, Company Websites, TechSci Research Proprietary Database & Knowledge Repository, etc.
Note: (a): Sum of some shares may not be 100% due to round off till two decimal places.
(b) The market data for 2021 is actual for nine months till Sep 2021. For rest three months (October 2021- Dec 2021), the data is estimated based on historical trends. © TechSci Research
19
Industry Brief According to TechScireport, “Battery Monitoring System Market - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2017-2027”, Global battery monitoring system market was valued at over USD3742 million in 2021 and is forecast to grow at a CAGR of 14.21% to reach USD8376.15 million by 2027. The battery monitoring system monitors the status of individual cells within the battery pack, therefore, stretching the line span of battery cells and ensuring that the battery operates within safety limits. As a result of these benefits, a battery monitoring system is observing increased adoption in end user industries. In terms of longevity, batteries are quite unpredictable in nature. Even during the warranty term, over 3% of new batteries are most likely to fail. In such instances, any industry that relies on batteries will want to keep track of it so that they know when it is the right time to replace it. The battery monitoring system not only checks the battery 24 hours a day, but also sends out alert messages to the service team so that they can respond quickly in the event of a probable battery failure. Global battery monitoring system market is segmented into battery type, component, type, end user, and company. On the basis of type, the market can be segmented into wired and wireless battery monitoring systems. Wireless battery monitoring system is the fastest-growing segment in the overall battery monitoring system market with a CAGR of 14.42% between 2022 and 2027 owing to easy installation, quick data sampling, eliminating cabling and high-resolution data recording capabilities of these components have led to the growth of wireless battery monitoring system segment of the market. Leading players operating in the global battery monitoring system market include: Curtis Instruments, Inc., Power Shield Limited, Schneider Electric SE, Socomec Group, Capitol Power Group, LLC, BTECH, Inc., ABB Ltd., Battery Data Acquisition, Exponential Power, Inc., HBL Power Systems Limited, Texas Instruments Inc., Analog Device Inc., Shenzhen Relat Electronic Technology Co., Ltd., Eagle Eye Power Solutions, LLC, Raytheon Technologies Corp. The major global battery monitoring systems market players are forming strategic mergers and acquisitions to maintain their position in the market and expand their product portfolio of battery monitoring systems that have more features and are more reliable. For example, in February 2021, Sensata Technologies, a leading company that develops sensors, sensor-based solutions, including controllers and software, announced the full acquisition of Denmark-based Battery Management System (BMS) provider, Lithium Balance, to offer battery monitoring solutions to a variety of vehicle OEMs (Original Equipment Manufacturers). “North America is the largest region in the global battery monitoring system market, with a share of 32.78% in 2021 owing to the rapid adoption of electric vehicles in the region. The major factors that further drive the growth of the battery monitoring system market in North America include the increasing adoption of cutting-edge battery health monitoring technologies for higher cost savings and addressing safety and security concerns. Moreover, the growing prevalence of battery monitoring systems in North America can be attributed to rising investment in data centers and increasing focus on clean energy resources. The region is setting up large renewable power plants such as solar or wind energy plants. All these plants require energy storage batteries and a monitoring system to obtain accurate and real-time results.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. Research © TechSci Research 20
Sample Data - Snapshot Global Battery Monitoring System Market Size, By Value (USD Million), 2017-2027F CAGR 2022E-2027F By Value: xx%
CAGR 2017-2021 By Value: xx%
2017
2018
2019
2020
2021
2022E
2023F
2024F
2025F
2026F
2027F
Value (USD Million) North America Battery Monitoring System Market Share, By Battery Type, By Value, 2017-2027F
2017
Lead-Acid Battery
2018
2019
2020
2021
2022E
2023F
2024F
2025F
2026F
2027F
30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%
Lithium-Ion Battery 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% Others
50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% Mexico Battery Monitoring System Market Share, By Type, By Value, 2017-2027F
2017 Wired Battery Monitoring System
2018
2019
2020
2021
2022E
2023F
2024F
2025F
2026F
2027F
40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00%
Wireless Battery Monitoring System 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% © TechSci Research
21
Industry Brief
Report Name: GLOBAL BATTERY MONITORING SYSTEM MARKET – FORECAST
AND OPPORTUNITIES 2017 – 2027 License Type
Price
Single User License
$4900
Multi-User License
$5900
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$8900
To View Sample OR Purchase Report
© TechSci Research
22
Table of Contents About Us & Disclaimer
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