Skip to main content

Battery Management Systems Key to Enhancing Battery Life

Battery developers across the world are creating cloud-connected battery management systems to enhance the life of the battery. This system offers advantages such as online monitoring and analysis of the battery data, identifying the possible critical failures at an initial stage, and estimating the state of health (SOH) and state of charge (SOC).

For example, in July 2019, Robert Bosch GmbH introduced a new service, "battery in the cloud", to extend the life of electric car batteries by 20%. Thus, the spurring demand for electric vehicles (EVs) will drive the battery management system market at a CAGR of 14.5% during the forecast period (2020–2030). The increasing adoption of EVs is an outcome of the high pollution levels, growing scarcity of fuel, and favorable government policies that support the production and adoption of such vehicles.






Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/battery-management-system-market/report-sample

Moreover, For instance, in 2018, New Zealand joined the EV initiative and launched a program to become a net-zero-emission economy by 2050. On account of this factor, the value of the market is projected to escalate from $5.1 billion in 2019 to $22.3 billion by 2030. Moreover, the requirement for battery management systems has surged due to the rising demand for renewable energy, globally.

All the sources of renewable energy require lithium-ion (li-ion)- or lead–acid-battery-based storage systems, owing to their variable and, often unreliable, output. Moreover, these energy storage systems require battery management systems for controlling and monitoring their operations. In recent years, the adoption of renewable energy has escalated quickly, on account of the spiking pollution levels, global warming, and amplifying government support, in the form of incentives and subsidies.

This market research report provides a comprehensive overview of the market
  • Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

Comments

Post a Comment

Popular posts from this blog

Revenue Explosion Predicted in Global Micro Battery Market During 2020—2024

The global micro battery market had a valuation of $418.2 million in 2018 and is predicted to generate a revenue of $1,100.0 million by 2024. Furthermore, the market will exhibit a CAGR of 18.4% between 2019 and 2024. The increasing usage of wearable devices, the rising integration of the internet of things (IoT) in medical devices, and the soaring usage of compact batteries in healthcare applications are the major factors fueling the progress of the market. The rising incorporation of the IoT in medical devices is an important factor propelling the growth of the micro battery market across the globe. With the soaring population levels and the rising prevalence of chronic diseases in various countries, the healthcare industry is rapidly adopting high-tech solutions. The growing usage of advanced medical devices and wearable electronics is causing huge improvements in patient care and treatment procedures. Moreover, it is massively reducing the healthcare costs.  For example, medic...
Post a Comment
Read more

Demand for Webgames Set to Shoot Up in Asia-Pacific in Coming Years

The global webgame market valuation will rise from $3.5 billion in 2019 to $6.5 billion by 2030. Furthermore, the market is predicted to demonstrate a CAGR of 5.7% between 2020 and 2030. Depending on genre, webgames are classified into sports games, real-time strategy games, massive multiplayer online roleplaying games (MMORPGs), arcade games, and first-person shooters. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/webgame-market-insights/report-sample Out of these, the popularity of first-person shooters will grow sharply across the world in the forthcoming years, as per the estimates of P&S Intelligence, a market research company based in India. These types of games are not like the third-person shooters, in which, the gamers can see the character which they are controlling. As these games are highly engrossing and thrilling, their popularity is soaring rapidly all over the world. Globally, the webgame industry is predicted to exhibit the...
Post a Comment
Read more

3D Printing Ceramics Market Research by Products & Services, Components & Geography

The technology has created immense opportunities for product designing and helped in consolidating product assembly processes. Ceramics are mainly used for printing plates, cups, and other cutlery items. Ceramic prototypes are also used in high temperature application areas in the aerospace and automotive industries. Get a free sample copy of this report @  https://www.psmarketresearch.com/market-analysis/3d-printing-ceramics-market/report-sample Rapid growth in the 3D printing ceramics market is driven by rise in demand for 3D printing in the dental industry and product modification, and development in various end-use industries. 3D printing is gaining demand in the healthcare industry, especially for dental applications. Ceramics are being preferred for 3D printing of orthopedic and dental implants, and heart valves, due to their characteristics such as inertness, porosity, resistance to high wear, high compression strength, and capability to mold into a variety of shapes...
Post a Comment
Read more