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Battery Management System Market is projected to grow at an impressive 21.2% CAGR through 2027
iCrowd Newswire
07 May 2021, 21:25 GMT+10
Over 10 million battery management systems are likely to be sold in 2019, which will nearly 20% increase over 2018, according to Fact.MR s latest study. The optimistic growth of the battery management system market can be attributed to,
Electrification of the automotive industry that heavily relies on batteries
Development of high power batteries and increasing demand for improved battery management system
Significant investments by OEMs to develop efficient and reliable battery management systems
The study foresees that centralized topology in the battery management system market will continue to hold a larger market share. In 2019, volume sales of centralized topology are expected to account for over four-fifth share of battery management system market. ....

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