Battery Monitoring System Market
Battery Monitoring System - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Battery Monitoring System Market is accounted for $3.35 billion in 2019 and is expected to reach $14.62 billion by 2027 growing at a CAGR of 20.2% during the forecast period. Increased operational efficiency of batteries, rising renewable power generation, and increasing demand for electric vehicles is some of the factors propelling the growth of the market. However, the high cost of these systems for larger battery solutions is hampering the growth of the market.
The battery monitoring system is a combination of hardware and software which ensures the optimal utilization of energy inside the battery. The battery monitoring system aims to notify the user about the existing scenario and the health of the battery or battery bank. It operates by preventing costly downtime due to unexpected battery failures.
Based on the battery type, the lithium-ion based segment is anticipated to hold considerable market share during the forecast period due to the increasing deployment of lithium-ion batteries in electric vehicles, power tools, and battery backup applications and increasing electric vehicle sales, wherein lithium-ion batteries are deployed. By geography, North America is expected to grow at a significant market share during the forecast period owing to the increasing investments in data centres, rising demand for hybrid electric vehicles, and growing renewable power generation capacities.
Some of the key players profiled in the Battery Monitoring System Market include NDSL, Texas Instruments, Powershield, Batterydaq, Canara, Eagle Eye, HBL, SBS, Schneider Electric, ABB, Socomec, and Curtis.
Products Covered:
• Universal Xplorer Telecom Battery Monitor (UXTM)
• Universal Xplorer Industrial Battery Monitor (UXIM)
• Universal Battery Diagnostic System
Components Covered:
• Hardware
• Software & Services
Connection Types Covered:
• Wireless
• Wired
Battery Types Covered:
• Lithium-Ion Based
• Lead-Acid
• Other Battery Types
Applications Covered:
• Intelligent Batteries
• Power Plant
End Users Covered:
• Telecommunication & IT
• Manufacturing
• Industrial
• Energy
• Automotive
Types Covered:
• Data Recorders
• Data Loggers
• Hubs
• Sensors
• Controllers
• Communication Networks
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Battery Monitoring System Market, By Product
5.1 Introduction
5.2 Universal Xplorer Telecom Battery Monitor (UXTM)
5.3 Universal Xplorer Industrial Battery Monitor (UXIM)
5.4 Universal Battery Diagnostic System
6 Global Battery Monitoring System Market, By Component
6.1 Introduction
6.2 Hardware
6.3 Software & Services
7 Global Battery Monitoring System Market, By Connection Type
7.1 Introduction
7.2 Wireless
7.3 Wired
8 Global Battery Monitoring System Market, By Battery Type
8.1 Introduction
8.2 Lithium-Ion Based
8.3 Lead-Acid
8.4 Other Battery Types
8.4.1 Flow Batteries
8.4.2 Nickel-based Batteries
9 Global Battery Monitoring System Market, By Application
9.1 Introduction
9.2 Intelligent Batteries
9.3 Power Plant
10 Global Battery Monitoring System Market, By End User
10.1 Introduction
10.2 Telecommunication & IT
10.3 Manufacturing
10.4 Industrial
10.5 Energy
10.6 Automotive
11 Global Battery Monitoring System Market, By Type
11.1 Introduction
11.2 Data Recorders
11.3 Data Loggers
11.4 Hubs
11.5 Sensors
11.6 Controllers
11.7 Communication Networks
12 Global Battery Monitoring System Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 NDSL
14.2 Texas Instruments
14.3 Powershield
14.4 Batterydaq
14.5 Canara
14.6 Eagle Eye
14.7 HBL
14.8 SBS
14.9 Schneider Electric
14.10 ABB
14.11 Socomec
14.12 Curtis
List of Tables
1 Global Battery Monitoring System Market Outlook, By Region (2018-2027) ($MN)
2 Global Battery Monitoring System Market Outlook, By Product (2018-2027) ($MN)
3 Global Battery Monitoring System Market Outlook, By Universal Xplorer Telecom Battery Monitor (UXTM) (2018-2027) ($MN)
4 Global Battery Monitoring System Market Outlook, By Universal Xplorer Industrial Battery Monitor (UXIM) (2018-2027) ($MN)
5 Global Battery Monitoring System Market Outlook, By Universal Battery Diagnostic System (2018-2027) ($MN)
6 Global Battery Monitoring System Market Outlook, By Component (2018-2027) ($MN)
7 Global Battery Monitoring System Market Outlook, By Hardware (2018-2027) ($MN)
8 Global Battery Monitoring System Market Outlook, By Software & Services (2018-2027) ($MN)
9 Global Battery Monitoring System Market Outlook, By Connection Type (2018-2027) ($MN)
10 Global Battery Monitoring System Market Outlook, By Wireless (2018-2027) ($MN)
11 Global Battery Monitoring System Market Outlook, By Wired (2018-2027) ($MN)
12 Global Battery Monitoring System Market Outlook, By Battery Type (2018-2027) ($MN)
13 Global Battery Monitoring System Market Outlook, By Lithium-Ion Based (2018-2027) ($MN)
14 Global Battery Monitoring System Market Outlook, By Lead-Acid (2018-2027) ($MN)
15 Global Battery Monitoring System Market Outlook, By Other Battery Types (2018-2027) ($MN)
16 Global Battery Monitoring System Market Outlook, By Flow Batteries (2018-2027) ($MN)
17 Global Battery Monitoring System Market Outlook, By Nickel-based Batteries (2018-2027) ($MN)
18 Global Battery Monitoring System Market Outlook, By Application (2018-2027) ($MN)
19 Global Battery Monitoring System Market Outlook, By Intelligent Batteries (2018-2027) ($MN)
20 Global Battery Monitoring System Market Outlook, By Power Plant (2018-2027) ($MN)
21 Global Battery Monitoring System Market Outlook, By End User (2018-2027) ($MN)
22 Global Battery Monitoring System Market Outlook, By Telecommunication & IT (2018-2027) ($MN)
23 Global Battery Monitoring System Market Outlook, By Manufacturing (2018-2027) ($MN)
24 Global Battery Monitoring System Market Outlook, By Industrial (2018-2027) ($MN)
25 Global Battery Monitoring System Market Outlook, By Energy (2018-2027) ($MN)
26 Global Battery Monitoring System Market Outlook, By Automotive (2018-2027) ($MN)
27 Global Battery Monitoring System Market Outlook, By Type (2018-2027) ($MN)
28 Global Battery Monitoring System Market Outlook, By Data Recorders (2018-2027) ($MN)
29 Global Battery Monitoring System Market Outlook, By Data Loggers (2018-2027) ($MN)
30 Global Battery Monitoring System Market Outlook, By Hubs (2018-2027) ($MN)
31 Global Battery Monitoring System Market Outlook, By Sensors (2018-2027) ($MN)
32 Global Battery Monitoring System Market Outlook, By Controllers (2018-2027) ($MN)
33 Global Battery Monitoring System Market Outlook, By Communication Networks (2018-2027) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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