Market Overview , Global Power Battery Management System Market is expected to grow at USD 10042.04 Million by 2025 with 12.59% CAGR during the forecast period., The power battery management system market is expected to witness substantial growth during the forecast period. Aisa-Pacific is estimated to be a prominent region for power battery management system market owing to the increasing demand for developing renewable energy sources and reduction of carbon footprint in the region. China holds the largest market share in the Asia-Pacific region, owing to the emerging need for the electric vehicles market in the region. Moreover, North America is expected to be the second-largest market for power battery management system market during the forecast period. The US is expected to be the leading market in the North America power battery management system market owing to the development of battery-powered automobiles that drive the battery management system market in the country., Segmentation, The global power battery management system market has been segmented based on type, application, and region. Based on type, the global power battery management system market has been segmented into distributed, centralized, and modular. Centralized holds the largest market share in the battery management system market. Centralized power battery management system provides one printed circuit board with one microchip. Decentralized power battery management system has been expected to be the second-largest market for power battery management system market., On the basis of application, the global power battery management system market has been segmented into grid energy storage, specialty vehicles/marine/robots, and telecom/datacom. Grid energy storage holds the largest market share, owing to its features of storing energy when energy demand is higher than the energy produced. Telecom/Datacom is expected to be the second-largest market for power battery management system market due to its application in the telecom industry to protect the systems from power fluctuations. , Regional Analysis, Region-specific analysis of the power battery management system market spans across North Americ

Market Overview

Global Power Battery Management System Market is expected to grow at USD 10042.04 Million by 2025 with 12.59% CAGR during the forecast period.

The power battery management system market is expected to witness substantial growth during the forecast period. Aisa-Pacific is estimated to be a prominent region for power battery management system market owing to the increasing demand for developing renewable energy sources and reduction of carbon footprint in the region. China holds the largest market share in the Asia-Pacific region, owing to the emerging need for the electric vehicles market in the region. Moreover, North America is expected to be the second-largest market for power battery management system market during the forecast period. The US is expected to be the leading market in the North America power battery management system market owing to the development of battery-powered automobiles that drive the battery management system market in the country.

Segmentation

The global power battery management system market has been segmented based on type, application, and region. Based on type, the global power battery management system market has been segmented into distributed, centralized, and modular. Centralized holds the largest market share in the battery management system market. Centralized power battery management system provides one printed circuit board with one microchip. Decentralized power battery management system has been expected to be the second-largest market for power battery management system market.

On the basis of application, the global power battery management system market has been segmented into grid energy storage, specialty vehicles/marine/robots, and telecom/datacom. Grid energy storage holds the largest market share, owing to its features of storing energy when energy demand is higher than the energy produced. Telecom/Datacom is expected to be the second-largest market for power battery management system market due to its application in the telecom industry to protect the systems from power fluctuations.

Regional Analysis

Region-specific analysis of the power battery management system market spans across North America, Europe, Asia-Pacific, and the rest of the world.

Global Power Battery Management System Market, by Region,

Source: MRFR Analysis

Synopsis

The global power battery management system market has been segmented on the basis of type, application, and region. Based on type, the market has been divided into distributed, centralized, and modular. Furthermore, based on application, the power battery management system market has been segmented into grid energy storage, specialty vehicles/marine/robots, and telecom/datacom. While, on the basis of region, the power battery management system market has been segmented into North America, Europe, Asia-Pacific, and rest of the world.

Key Competitors

The key players of global Power Battery Management System market are ABB (Switzerland), Robert Bosch GmbH (Germany), The AES Corporation (US), Continental AG (Germany), Hyundai Kefico Corporation (South Korea), AEG Power Solutions (Netherlands), Wärtsilä (US), Su-Kam Power Systems Ltd (India), Exide Industries Limited (India), Nuvation Energy (US), Roboteq (US), Sedemac (India), Lincad Ltd (UK), and Lincad Ltd (UK).



In September 2017, ABB signed a memorandum of understanding (MOU) with Northvolt AB (UK) and established Europe’s most advanced lithium-ion battery factory in Sweden. This helped the company to supply customized and high-quality batteries to the automotive and critical industries in the European market.



Market Segmentation



By Type: Centralized, distributed, and modular



By Application: Grid energy storage, specialty vehicles/ marine/ robots, and telecom/datacom



By Region: North America, Europe, Asia-Pacific, and rest of the world



Key Questions Addressed by the Report



What was the historic market size (2017 and 2018)?



Which segmentation ( Material /Voltage/Application/Region) is driving market growth?



What will be the growth rate by 2025?



Who are the key players in this market?



What are the strategies adopted by key players ?



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