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Battery Monitoring System - Global Market Trajectory & Analytics

  • ID: 4804359
  • Report
  • April 2021
  • Region: Global
  • 275 Pages
  • Global Industry Analysts, Inc
Global Battery Monitoring System Market to Reach $9.8 Billion by 2027

Amid the COVID-19 crisis, the global market for Battery Monitoring System estimated at US$3.2 Billion in the year 2020, is projected to reach a revised size of US$9.8 Billion by 2027, growing at a CAGR of 17.2% over the period 2020-2027. Wired, one of the segments analyzed in the report, is projected to record 16.1% CAGR and reach US$5.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Wireless segment is readjusted to a revised 18.7% CAGR for the next 7-year period.



The U.S. Market is Estimated at $867.1 Million, While China is Forecast to Grow at 22.1% CAGR

The Battery Monitoring System market in the U.S. is estimated at US$867.1 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$2.3 Billion by the year 2027 trailing a CAGR of 22% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.4% and 15.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.6% CAGR.

Select Competitors (Total 41 Featured):
  • ABB Group
  • BatteryDAQ Inc.
  • Btech, Inc.
  • Canara, Inc.
  • Curtis Instruments, Inc.
  • Eagle Eye Power Solutions, LLC.
  • HBL Power Systems Ltd.
  • Ndsl Group Ltd.
  • PowerShield Limited
  • SBS Battery Systems LLC
  • Schneider Electric SE
  • Socomec Group
  • Texas Instruments, Inc.
Frequently Asked Questions about the Global Market for Battery Monitoring System

What is the estimated value of the Global Market for Battery Monitoring System?

The Global Market for Battery Monitoring System was estimated to be valued at €3.20 Billion in 2020.

What is the growth rate of the Global Market for Battery Monitoring System?

The growth rate of the Global Market for Battery Monitoring System is 17.3%, with an estimated value of €9.80 Billion by 2027.

What is the forecasted size of the Global Market for Battery Monitoring System?

The Global Market for Battery Monitoring System is estimated to be worth €9.80 Billion by 2027.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Introduction
  • Impact of Covid-19 and a Looming Global Recession
  • Battery Monitoring Remains an Important Aspect at Data Centers to Avoid Outages
  • Surge in Usage of Telecom Devices Drives Demand for Battery Monitoring Systems
  • Rise in Use of Battery Monitoring Systems in Government & Military Applications
  • Application of Battery Monitoring Systems at Utilities & Remote Sites
  • Growing Popularity of EVs Drives Demand for Battery Monitoring Systems
  • Exhibit 1: Global Electric Vehicle Production Forecasts by Type: 2015-2030
  • Exhibit 2: Share of Electric Vehicle of Total Passenger Vehicle Market: 2015-2030
  • Improvement in Manufacturing Sector Boosts Growth in Battery Monitoring Systems
  • Exhibit 3: Global Industrial Growth by Sector in 2019
  • Advancements in Monitoring Technology
  • Rise in Demand for Batteries to Spur the Demand for Battery Monitoring Systems
  • IoT Based Battery Monitoring Systems
III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 41
Note: Product cover images may vary from those shown
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