Power Battery Management System (Pbms) Market Opportunities Estimated To Grow At a Significant Rate throughout the Forecast Period: Competition Status, Emerging Trends, Growth Factors, Value Chain, and Key Players
The global Power Battery Management System (PBMS) Market size is anticipated to reach USD 6,944.2 million by 2023. Environmental sustainability, and growing need for battery management in electric vehicles and hybrid electric vehicles, act as growth drive
(EMAILWIRE.COM, August 06, 2018 ) Woodridge, USA August 2018(News) - The global Power Battery Management System (Pbms) Market size is anticipated to reach USD 6,944.2 million by 2023. Environmental sustainability, and growing need for battery management in electric vehicles and hybrid electric vehicles, act as growth drivers for the market. Moreover, the high demand for battery management systems from the renewable energy storage system applications, and growing trend of battery-driven public transport, further drive the market. Whereas, high maintenance cost and lack of technical know-how regarding installation, may restrain the growth of the global power battery management systems market. Moreover, increase in the production of equipment related to storage of energy technology with reduction in raw material cost, is creating a favorable environment for the existing and new service provider to provide viable energy storage solution in a cost effective way.
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Key Players:
• LG Chem Ltd (South Korea),
• ABB (Switzerland),
• Robert Bosch GmbH (Germany),
• AES Energy Storage (U.S.),
• Continental AG (Germany),
• Kefico Corporation (Korea ),
• AEG Power Solutions (Germany),
• Green smith Energy (U.S.),
• Su-Kam Power Systems Ltd (India),
• Exide Industries Limited (India).
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Key Findings:
• Global Power battery management system market is expected to reach USD 6,944.2 million by 2023
• By Type, Centralized segment dominates the global power battery management system market with share of 46.00% in 2016, in terms of value. It is expected to grow at 12.60% CAGR during the forecast period
• By Application, Grid Energy Storage segment dominates the global power battery management system market with share of 58.67% in 2016, in terms of value. It is expected to grow at 12.04% CAGR during the forecast period
• Geographically, Asia Pacific has been projected to have the largest market share in global power battery management system market. China accounted for the largest market share of 36.92% in 2016, with a market value of USD 623.2 million
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Target Audience:
• Manufactures
• Raw materials suppliers
• Aftermarket suppliers
• Research institute & education institute
• Potential investors
• Key executive (CEO and COO) and strategy growth manager
About Us:
Prominent market Research was established in 2018 with an energetic team of competent professional to take on the challenges of market analysis in the capacity of market insight needs. We deliver the benefits of this expertise to you through our market research insights and people to help you make better decisions and achieve better results.
Get Free Sample Report: https://www.prominentmarketresearch.com/sample-report/351
Key Players:
• LG Chem Ltd (South Korea),
• ABB (Switzerland),
• Robert Bosch GmbH (Germany),
• AES Energy Storage (U.S.),
• Continental AG (Germany),
• Kefico Corporation (Korea ),
• AEG Power Solutions (Germany),
• Green smith Energy (U.S.),
• Su-Kam Power Systems Ltd (India),
• Exide Industries Limited (India).
Ask For Report Discount: https://www.prominentmarketresearch.com/discount-report/351
Key Findings:
• Global Power battery management system market is expected to reach USD 6,944.2 million by 2023
• By Type, Centralized segment dominates the global power battery management system market with share of 46.00% in 2016, in terms of value. It is expected to grow at 12.60% CAGR during the forecast period
• By Application, Grid Energy Storage segment dominates the global power battery management system market with share of 58.67% in 2016, in terms of value. It is expected to grow at 12.04% CAGR during the forecast period
• Geographically, Asia Pacific has been projected to have the largest market share in global power battery management system market. China accounted for the largest market share of 36.92% in 2016, with a market value of USD 623.2 million
Buy Report: https://www.prominentmarketresearch.com/checkout/351
Target Audience:
• Manufactures
• Raw materials suppliers
• Aftermarket suppliers
• Research institute & education institute
• Potential investors
• Key executive (CEO and COO) and strategy growth manager
About Us:
Prominent market Research was established in 2018 with an energetic team of competent professional to take on the challenges of market analysis in the capacity of market insight needs. We deliver the benefits of this expertise to you through our market research insights and people to help you make better decisions and achieve better results.
Contact Information:
Prominent Market Research
Robin
Tel: +1-815-957-4373
Email us
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Prominent Market Research
Robin
Tel: +1-815-957-4373
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results