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(Transportation-News.com, August 08, 2018 ) Automotive Battery Management Systems Market
Automotive Battery Management Systems (BMS) protect the battery from damage, predicts the battery life and also maintains the operational condition of the battery. Automotive battery management systems perform these tasks by coupling few functions such as cell balancing, protecting the cell, determining the State of Charge (SOC), the state of health (SOH), and the Remaining Useful Life (RUL). The growing popularity of electrically operated vehicles owing to various factors such as rising concerns on the sustainability of fuel and rising pollution levels would be one of the major factors that drive automotive battery management systems market.
Increasing demands for automotive battery management systems by the automotive OEMs is anticipated to provide ample opportunities for the market players. Also, growth in the sales of hybrid electric vehicles is expected to augur well for the automotive battery management systems market. However, higher maintenance costs of the systems, as well as lack of technological expertise in handling these systems, is expected to hinder the growth of the automotive battery management systems market in coming years.
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The "Global Automotive Battery Management Systems Market Analysis to 2025" is a specialized and in-depth study of the automotive battery management systems industry with a focus on the global market trend. The report aims to provide an overview of global automotive battery management systems market with detailed market segmentation by topology, component, vehicle type and geography. The global automotive battery management systems market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global automotive battery management systems market based on topology, component, and vehicle type. It also provides market size and forecast till 2025 for overall automotive battery management systems market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The automotive battery management systems market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 countries globally along with current trend and opportunities prevailing in the region.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the market in these regions.
Also, key automotive battery management systems market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information for the last 3 years, the key development in the past five years.
Some of the key players influencing the market are Johnson Matthey PLC, Lithium Balance A/S, Lithium Werks, Intersil Corporation, and Renesas Electronics Corporation. Also, NXP Semiconductors N.V., Texas Instruments Inc., Elithion Inc., Eberspacher, and Ventec SAS are few other important players in the automotive battery management systems market.
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