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Battery Monitoring System Market by Component (Hardware, Software), Type (Wired, Wireless), Battery Type (Lithium-Ion Based, Lead-Acid), End-User (Telecommunications, Automotive, Energy, Industries), and Region - Global Forecast to 2022

Battery Monitoring System Market by Component (Hardware, Software), Type (Wired, Wireless), Battery Type (Lithium-Ion Based, Lead-Acid), End-User (Telecommunications, Automotive, Energy, Industries), and Region - Global Forecast to 2022

“The battery monitoring system market is projected to grow at a CAGR of 18.23%, from 2017 to 2022.”
The battery monitoring system market is projected to reach USD 5.47 billion by 2022, from an estimated USD 2.37 billion in 2017, at a CAGR of 18.23%, during the forecast period. The need to prevent unplanned outages, increasing demand for electric vehicles, and improved operational efficiency of batteries have boosted the demand for battery monitoring systems. In addition, increasing renewable power generation and the growing use of battery monitoring systems in data center applications would further aid the growth of this market. The high costs of battery monitoring systems for larger battery solutions would act as a restraint for the battery monitoring system market.

‘The hardware segment is expected to grow at the highest CAGR, from 2017 to 2022.”
The hardware segment is estimated to be the fastest-growing battery monitoring system market, by component, from 2017 to 2022. The growth of this segment can be attributed to simple installation, reduced need of cabling, and fast data sampling of components such as sensors, hub, and controllers. Asia Pacific and North America are the key markets for hardware due to the rising demand for monitoring the state of health and state of charge of batteries with the help of hardware components. All these factors are expected to drive the battery monitoring system market during the forecast period.

“The wired segment is expected to dominate the battery monitoring system market, from 2017 to 2022.”
The wired segment is estimated to be the larger market for battery monitoring systems in 2017. Wired systems are used in applications where there is more electrical interference such as data centers, which is expected to be the largest end-user segment of battery monitoring systems.

“North America: the largest market for battery monitoring systems.”
North America is expected to be the largest market for battery monitoring systems in 2017, followed by Asia Pacific and Europe. The market in North America is driven by rising electric vehicle sales, growing investments in data centers, and rising renewable power generation capacities in the region. It is projected to grow at the second-fastest rate during the forecast period. The US and Canada are estimated to be the largest markets for battery monitoring systems in the region. For instance, investments in data centers in the US was around US 18.2 million in 2017 which is double the amount invested in 2016. Canada’s new wind energy projects represented about USD 1.5 billion in 2016 and, by 2017, the country is expected to install approximately 700 MW of new wind energy capacity as stated by the Canadian Wind Energy Association (CanWEA). All these factors are expected to boost the growth of the battery monitoring system market in North America.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 10%, Tier 2- 40%, Tier 3- 50%
By Designation: C-Level- 10%, D-Level- 10%, Others- 80%
By Region: Asia Pacific- 60%, North America- 10%, Europe- 10%, Middle East & Africa- 10%, South America- 10%,
Note: The tier of the companies has been defined on the basis of their total revenue; as of 2016: Tier 1 = >USD 10 billion, Tier 2 = from USD 1 billion to USD 10 billion, and Tier 3 = <USD 1 billion.

The leading players in the battery monitoring system market include NDSL (UK), Texas Instruments (US), PowerShield (New Zealand), BatteryDAQ (US), Canara (US), and Eagle Eye (US).

Research Coverage:
The report defines, describes, and forecasts the global battery monitoring system market by component, type, battery type, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market.

Why Buy this Report?
1. The report identifies and addresses the key markets for battery monitoring systems, which would help suppliers review the growth in demand for the product.
2. The report helps solutions providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
3. The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • DEFINITION
    • MARKET SCOPE
      • MARKET SEGMENTATION
      • REGIONAL SCOPE
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN & DATA TRIANGULATION
    • ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • Table GLOBAL BATTERY MONITORING SYSTEM MARKET SNAPSHOT
  • PREMIUM INSIGHTS
    • BATTERY MONITORING SYSTEM MARKET, BY COUNTRY
    • BATTERY MONITORING SYSTEM MARKET, BY COMPONENT
    • BATTERY MONITORING SYSTEM MARKET, BY TYPE
    • BATTERY MONITORING SYSTEM MARKET, BY BATTERY TYPE
    • BATTERY MONITORING SYSTEM MARKET, BY END-USER
    • NORTH AMERICA BATTERY MONITORING SYSTEM MARKET, BY COUNTRY AND BATTERY TYPE
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • BATTERY MONITORING SYSTEM MARKET, BY COMPONENT
    • INTRODUCTION
      • Table BATTERY MONITORING SYSTEM MARKET SIZE, BY COMPONENT, 2015–2022 (USD BILLION)
    • HARDWARE
      • Table HARDWARE: BATTERY MONITORING SYSTEM MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • SOFTWARE
      • Table SOFTWARE: BATTERY MONITORING SYSTEM MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
  • BATTERY MONITORING SYSTEM MARKET, BY TYPE
    • INTRODUCTION
      • Table BATTERY MONITORING SYSTEM MARKET SIZE, BY TYPE, 2015–2022 (USD MILLION)
    • WIRED BATTERY MONITORING SYSTEM
      • Table WIRED: BATTERY MONITORING SYSTEM MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • WIRELESS BATTERY MONITORING SYSTEM
      • Table WIRELESS: BATTERY MONITORING SYSTEM MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
  • BATTERY MONITORING SYSTEM MARKET, BY BATTERY TYPE
    • INTRODUCTION
      • Table BATTERY MONITORING SYSTEM MARKET SIZE, BY BATTERY TYPE, 2015–2022 (USD MILLION)
    • LITHIUM-ION BASED BATTERY
      • Table LITHIUM-ION BASED: BATTERY MONITORING SYSTEM MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) )
    • LEAD-ACID BATTERY
      • Table LEAD-ACID BATTERY: BATTERY MONITORING SYSTEM MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • OTHERS
      • Table OTHERS: BATTERY MONITORING SYSTEM MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
  • BATTERY MONITORING SYSTEM MARKET, BY END-USER
    • INTRODUCTION
      • Table BATTERY MONITORING SYSTEM MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
    • TELECOMMUNICATIONS
      • Table TELECOMMUNICATIONS: BATTERY MONITORING SYSTEM MARKET SIZE, BY REGION, 2017–2022 (USD MILLION)
    • ENERGY
      • Table ENERGY: BATTERY MONITORING SYSTEM MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • AUTOMOTIVE
      • Table AUTOMOTIVE: BATTERY MONITORING SYSTEM MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • INDUSTRIES
      • Table INDUSTRIES: BATTERY MONITORING SYSTEM MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • OTHERS
      • Table OTHERS: BATTERY MONITORING SYSTEM MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
  • BATTERY MONITORING SYSTEM MARKET, BY REGION
    • INTRODUCTION
      • Table BATTERY MONITORING SYSTEM MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • NORTH AMERICA
      • BY COMPONENT
        • Table NORTH AMERICA: BATTERY MONITORING SYSTEM MARKET SIZE, BY COMPONENT, 2015–2022 (USD MILLION)
      • BY TYPE
        • Table NORTH AMERICA: BATTERY MONITORING SYSTEM MARKET SIZE, BY TYPE, 2015–2022 (USD MILLION)
      • BY BATTERY TYPE
        • Table NORTH AMERICA: BATTERY MONITORING SYSTEM MARKET SIZE, BY BATTERY TYPE, 2015–2022 (USD MILLION)
      • BY END-USER
        • Table NORTH AMERICA: BATTERY MONITORING SYSTEM MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
      • BY COUNTRY
        • Table NORTH AMERICA: BATTERY MONITORING SYSTEM MARKET SIZE, BY COUNTRY, 2015–2022 (USD BILLION)
        • Table US: BATTERY MONITORING SYSTEM MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
        • Table CANADA: BATTERY MONITORING SYSTEM MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
        • Table MEXICO: BATTERY MONITORING SYSTEM MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
    • ASIA PACIFIC
      • BY COMPONENT
        • Table ASIA PACIFIC: BATTERY MONITORING SYSTEM MARKET SIZE, BY COMPONENT, 2015–2022 (USD MILLION)
      • BY TYPE
        • Table ASIA PACIFIC: BATTERY MONITORING SYSTEM MARKET SIZE, BY TYPE, 2015–2022 (USD MILLION)
      • BY BATTERY TYPE
        • Table ASIA PACIFIC: BATTERY MONITORING SYSTEM MARKET SIZE, BY BATTERY TYPE, 2015–2022 (USD MILLION)
      • BY END-USER
        • Table ASIA PACIFIC: BATTERY MONITORING SYSTEM MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
      • BY COUNTRY
        • Table ASIA PACIFIC: BATTERY MONITORING SYSTEM MARKET SIZE, BY COUNTRY, 2015–2022 (USD BILLION)
        • Table CHINA: BATTERY MONITORING SYSTEM MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
        • Table JAPAN: BATTERY MONITORING SYSTEM MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
        • Table INDIA: BATTERY MONITORING SYSTEM MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
        • Table SOUTH KOREA: BATTERY MONITORING SYSTEM MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
        • Table REST OF ASIA PACIFIC: BATTERY MONITORING SYSTEM MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
    • EUROPE
      • BY COMPONENT
        • Table EUROPE: BATTERY MONITORING SYSTEM MARKET SIZE, BY COMPONENT, 2015–2022 (USD MILLION)
      • BY TYPE
        • Table EUROPE: BATTERY MONITORING SYSTEM MARKET SIZE, BY TYPE, 2015–2022 (USD MILLION)
      • BY BATTERY TYPE
        • Table EUROPE: BATTERY MONITORING SYSTEM MARKET SIZE, BY BATTERY TYPE, 2015–2022 (USD MILLION)
      • BY END-USER
        • Table EUROPE: BATTERY MONITORING SYSTEM MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
      • BY COUNTRY
        • Table EUROPE: BATTERY MONITORING SYSTEM MARKET SIZE, BY COUNTRY, 2015–2022 (USD BILLION)
        • Table GERMANY: BATTERY MONITORING SYSTEM MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
        • Table UK: BATTERY MONITORING SYSTEM MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
        • Table FRANCE: BATTERY MONITORING SYSTEM MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
        • Table ITALY: BATTERY MONITORING SYSTEM MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
        • Table REST OF EUROPE: BATTERY MONITORING SYSTEM MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
    • MIDDLE EAST & AFRICA
      • BY COMPONENT
        • Table MIDDLE EAST & AFRICA: BATTERY MONITORING SYSTEM MARKET SIZE, BY COMPONENT, 2015–2022 (USD MILLION)
      • BY TYPE
        • Table MIDDLE EAST & AFRICA: BATTERY MONITORING SYSTEM MARKET SIZE, BY TYPE, 2015–2022 (USD MILLION)
      • BY BATTERY TYPE
        • Table MIDDLE EAST & AFRICA: BATTERY MONITORING SYSTEM MARKET SIZE, BY BATTERY TYPE, 2015–2022 (USD MILLION)
      • BY END-USER
        • Table MIDDLE EAST & AFRICA: BATTERY MONITORING SYSTEM MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
      • BY COUNTRY
        • Table MIDDLE EAST & AFRICA: BATTERY MONITORING SYSTEM MARKET SIZE, BY COUNTRY, 2015–2022 (USD BILLION)
        • Table SOUTH AFRICA: BATTERY MONITORING SYSTEM MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
        • Table SAUDI ARABIA: BATTERY MONITORING SYSTEM MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
        • Table REST OF THE MIDDLE EAST: BATTERY MONITORING SYSTEM MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
    • SOUTH AMERICA
      • BY COMPONENT
        • Table SOUTH AMERICA: BATTERY MONITORING SYSTEM MARKET SIZE, BY COMPONENT, 2015–2022 (USD MILLION)
      • BY TYPE
        • Table SOUTH AMERICA: BATTERY MONITORING SYSTEM MARKET SIZE, BY TYPE, 2015–2022 (USD MILLION)
      • BY BATTERY TYPE
        • Table SOUTH AMERICA: BATTERY MONITORING SYSTEM MARKET SIZE, BY BATTERY TYPE, 2015–2022 (USD MILLION)
      • BY END-USER
        • Table SOUTH AMERICA: BATTERY MONITORING SYSTEM MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
      • BY COUNTRY
        • Table SOUTH AMERICA: BATTERY MONITORING SYSTEM MARKET SIZE, BY COUNTRY, 2015–2022 (USD BILLION)
        • Table BRAZIL: BATTERY MONITORING SYSTEM MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
        • Table REST OF SOUTH AMERICA: BATTERY MONITORING SYSTEM MARKET SIZE, BY END-USER, 2015–2022 (USD THOUSAND)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • RANKING OF PLAYERS ANALYSIS
    • COMPETITIVE SCENARIO
      • Table DEVELOPMENTS BY KEY PLAYERS IN THE MARKET, 2014–2017
      • CONTRACTS & AGREEMENTS
      • NEW PRODUCT LAUNCHES
      • INVESTMENTS & EXPANSIONS
      • PARTNERSHIPS
  • COMPANY PROFILES
    • BENCHMARKING
    • NDSL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • TEXAS INSTRUMENTS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • POWERSHIELD
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • BATTERYDAQ
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • CANARA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • EAGLE EYE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • HBL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • BTECH
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • SBS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SCHNEIDER ELECTRIC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • ABB
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SOCOMEC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • CURTIS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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