Report forecast the Global Battery Monitoring
Solutions Market to grow at a CAGR of 22.84% during the period 2016-2020.
Battery monitoring solutions comprise monitoring unit,
sensors, and software to monitor and maintain battery health at an optimal
condition so that it can perform to its full potential. The advantages that
batteries offer over other similar storage technologies and the technological
developments over the years have increased the adoption of batteries for energy
storage used in emergency and grid-scale applications.
The use of these batteries in conditions where they
consistently operate outside the specified state leads to faster degradation of
the cell and increases the chances of failure. Typically, 75% of UPS failures
are due to battery failure; this can have disastrous and costly consequences.
This disadvantage has made batteries a weak link in power systems. Therefore,
battery monitoring solutions are being adopted to prevent such failures.
The report covers the present scenario and the growth
prospects of the Global Battery Monitoring Solutions Market for 2016-2020. The
revenue calculation is based on the equipment that enables to monitor the
batteries. The technologies that are included are battery monitoring units,
sensors, and software in different market sectors.
The market is divided into the following segments
based on geography:
- Americas
- APAC
- EMEA
According to the report, a key growth driver is the
rising popularity of electric vehicles. Globally, many countries are promoting
the use of electrical vehicles, which have the potential to reduce pollution
and dependence on fossil fuels by providing incentives for instance in the US
all electric and plug in hybrid vehicles qualify for federal tax credit of
$2500-$7500 and building the necessary infrastructure. This has resulted in
continuous growth in battery electric vehicles (BEVs) and plug-in hybrid
electric vehicles (PHEVs) worldwide.
Further, the report states that one challenge that
could restrict market growth is the operational challenges related to lead-acid
batteries.
Global Battery Monitoring Solutions Market
2016-2020, has been prepared based on an in-depth
market analysis with inputs from industry experts. The report covers the market
landscape and its growth prospects over the coming years. The report also
includes a discussion of the key vendors operating in this market.
key players in the Global Battery Monitoring Solutions
Market: AB, BTECH, Cellwatch, Emerson, and GE-Alstom Grid.
Other Prominent Vendors in the market are: 6th Energy,
Battery DAQ, Canara, PowerShield, Texas Instruments, and Vecture.
Market driver
- Rising popularity of electric vehicles
- For a full, detailed list, view our report
Market challenge
- Operational challenges related to lead-acid batteries
- For a full, detailed list, view our report
Market trend
- Intermittency of renewable energy
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 68 pages and 49 Exhibit “Global
Battery Monitoring Solutions Market 2016 - 2020” report covers Executive
summary, Scope of the report, Market research methodology, Introduction, Market
landscape, Market segmentation by end user, Geographical segmentation, Market
drivers, Impact of drivers, Market challenges, Impact of drivers and
challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
For more information Visit at: http://mrr.cm/JdP
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