United States battery monitoring system market is predicted to grow at a high CAGR by 2027. The market growth can be attributed to the rising investments in green data centres coupled with the growing demand of electric vehicles to conserve energy and decrease the environmental pollution associated with the combustion of conventional energy sources. Besides, the growing necessity of generating renewable power is expected to drive the growth of the United States battery monitoring system market in the next five years. Moreover, the enhanced battery operating efficiency and expanding demand for electric vehicles owing to rise in awareness regarding harmful effects of petrol and diesel-fuelled vehicles in the country is expected to contribute to the market growth. Moreover, automobile manufacturers are employing battery monitoring systems to prevent dangers caused by overheating of battery in electric and hybrid electric vehicles. Furthermore, stringent regulations and policies to reduce carbon emissions by the governments of both developed and developing countries are expected to contribute to the growth of the United States battery monitoring system market in the coming years.
The United States battery monitoring system market is segmented on the basis of component, type, battery type, end-user, and region. Based on component, the hardware segment dominates the market and is expected to maintain its position, due to the ease of installation, faster sampling of data, reduced cabling, and high-resolution data recording abilities of hardware components such as sensors, data loggers etc. Based on type of battery, the lithium-ion based battery segment is expected to dominate the market due to the growing adoption of lithium-ion batteries in power tools, battery backup and electric vehicles.
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Some of the leading players in the United States battery monitoring system market are SBS, Powershield, Schneider Electric, ABB, BatteryDAQ, HBL Power Systems, SOCOMEC Group, Curtis Instruments, Inc., Canara, BTECH, etc.
Attribute
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Details
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Historic Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, CAGR for
2017-2021 and 2022-2027
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Report coverage
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Revenue Forecast, Company Share,
Competitive Landscape, Growth Factors, And Trends
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Segments covered
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·
By Component
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By Type
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By Battery Type
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By End-User
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Region scope
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Northeast Region, South Region, Mid-West
Region, West Region
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Key companies profiled
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SBS, Powershield, Schneider Electric,
ABB, BatteryDAQ, HBL Power Systems, SOCOMEC Group, Curtis Instruments, Inc.,
Canara, BTECH
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Customization scope
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10% free report customization with
purchase. Addition or alteration to regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to
meet your exact research needs. Explore purchase options
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