About Wireless Battery Monitoring System
A wireless battery monitoring system is a centralized battery assessment and measurement system. The system monitors the battery cell's voltage, temperature, and acid level. It also shows the battery's condition in real-time and senses any failures. Wireless Battery Monitoring System also monitors the state of the battery and secondary data associated with it. It is essential in critical applications to know the status of batteries and if they will work when required. Wireless Battery Monitoring Systems reduce maintenances operations and maximizes return on investment on batteries.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
As with all technology, Wireless Battery Monitoring System will evolve time. Competition among existing players is due to the stiff market share occupied by leading players. The companies are implementing strategic activities such as acquisition and mergers along with collaboration with companies in other industries to help them in improving sustenance and maintaining their competitive advantages. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Wireless Battery Monitoring System market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Raytheon Anschutz (Germany), Socomec (France), STMicroelectronics (Switzerland), Freemens SAS (France), Storage Battery Systems, LLC (United States), Analog Devices (United States), Texas Instruments (United States), Schneider Electric (France), Hitachi Chemical Co. Ltd. (Japan) and Helios Power Solutions (Australia) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Ashwood Energy Limited (United Kingdom), NDSL (India) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Wireless Battery Monitoring System market by and Region.
On the basis of geography, the market of Wireless Battery Monitoring System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Verticals, the sub-segment i.e. Telecommunication will boost the Wireless Battery Monitoring System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Battery, the sub-segment i.e. Lead Acid Batteries will boost the Wireless Battery Monitoring System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Direct will boost the Wireless Battery Monitoring System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Acid Level Measurement will boost the Wireless Battery Monitoring System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Analytical Systems in Wireless Battery Monitoring Systems
Market Growth Drivers:
Need of Wireless Battery Monitoring System to Anticipate Battery Failures and Growing Adoption of Batteries for Energy Storage
Challenges:
Wireless Battery Monitoring System Are Vulnerable to Attackers and Complex Nature of Wireless Battery Monitoring System
Restraints:
High Cost of Initial Installation of Wireless Battery Monitoring System
Opportunities:
Rise of Electrical Vehicles Will Boost the Demand of Wireless Battery Monitoring System and Growing Use of Batteries for Industrial Applications Will Increase the Demand of Wireless Battery Monitoring Systems
Market Leaders and their expansionary development strategies
In Nov 2018, Freemens SAS, a French battery services firm, was purchased by ION Technology, a company that builds high-performance energy storage facilities and electric vehicle networks. The entire Freemens technical and distribution staff will join the core team of ION as part of the cash-plus-equity deal.
In Sept 2020, announced the industry’s first wireless battery management system (wBMS), which enables automotive manufacturers increased flexibility to scale their electric vehicle fleets into volume production across a wide range of vehicle classes. This is the world's first wireless battery management system for production electric vehicles, and it will debut on GM's production vehicles using Ultium batteries.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Wireless Battery Monitoring System Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.