India Battery Monitoring System market to be dominated by Lithium-Ion Based Battery through 2028.
Increased adoption of Electric Vehicles and
rise in data centres are the major factors propelling the India Battery
Monitoring System Market growth in the forecast period.
According to TechSci Research report, India Battery Monitoring System Market - By Region,
Competition Forecast & Opportunities, 2018-2028F, the India Battery Monitoring System Market is expected to register robust
growth during the forecast period, 2024-2028. Battery monitoring systems are intended to inform
users about common scenarios and battery or battery bank conditions. It also
notifies the user of the current net charge or gross reserve available from the
battery or battery bank. The Battery Management System (BMS) improves
performance and ensures the safety of multi-cell battery packs. In many cases,
specific damage to the battery can be easily monitored and necessary steps can
be taken to protect the battery from major damage that impairs battery
performance. As a result, battery monitoring improves overall battery life and
efficiency. Battery monitoring systems typically monitor battery charge,
discharge, and load, as well as AC mains frequency and voltage, ambient
temperature, and battery temperature. The battery monitoring system also helps
generate live reports of battery performance and generates alarms if faults are
detected.
Servers, network systems, and storage resources are
used in data centres to organize, store, and process data and knowledge. Data
centres help companies complete their core applications. Various types of
batteries, such as lithium-ion and lead-acid, are used in data centres to
support UPS systems and provide long-term backup power. Proper battery
monitoring in data centres is very important as battery failure can disrupt
operations and lead to economic losses. As a result, an integrated battery
monitoring system improves knowledge center operations and security.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on the "India Battery Monitoring System Market"
The India Battery
Monitoring System Market is segmented into Component, Type, Battery
Type, and End-User. Based on battery
type, the
market is divided into Lithium-Ion Based Battery, Lead-Acid Battery and
Others. During the projected period, the Lithium-Ion
Based Battery segment is expected to dominate the market in the
forecast period of 2024-2028. High energy density is one of the main advantages
of lithium-ion battery technology. Electronic devices such as mobile phones
have to run longer and consume more power between charges, so there is a
constant need for batteries with much higher energy densities. In addition,
there are many electric applications, from power tools to electric vehicles.
The main advantage is the significantly higher power density of lithium-ion
batteries. Electric vehicles also require energy-dense battery technology. A
big advantage of lithium-ion batteries is that they require no maintenance to
ensure their performance. Ni-Cad cells required periodic discharge to avoid
exhibiting memory effects where lithium-ion batteries and cells are unaffected
thus they don’t require any maintenance procedures. There are various types of
lithium-ion batteries. Some types of lithium-ion batteries offer high current
densities and are ideal for mobile consumer electronics. Others can deliver
much higher currents and are ideal for power tools and electric vehicles.
Based
on type, the
market is divided into Wired
Battery Monitoring System and Wireless Battery Monitoring System. During
the projected period, the wireless
battery monitoring system segment is expected to dominate the market in the
forecast period. This is due to wireless devices enabling remote monitoring of
operations as all activities. This can be controlled from a central location. Wired
systems are used in applications with high levels of electrical interference,
such as Data center.
Key market players in the India Battery Monitoring System Market:
- Mitsubishi Electric Corporation
- Fuji Electric Co., Ltd.
- Toshiba Corporation
- Infineon Technologies AG
- ON Semiconductor Corporation
- STMicroelectronics International N.V.
- Texas Instruments Incorporated.
- Renesas Electronics Corporation
- Vishay Intertechnology, Inc.
- NXP Semiconductors N.V.
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"Battery Monitoring
Systems are mostly used in IT industries such as Data Centers making IT & Telecommunication
a key industry to this market. They are also used in IT &
Telecommunications, automobile industry and electric vehicles. South India is
expected to be the dominating region during the forecast period due to the
region being a hub for IT & Automobiles.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
India
Battery Monitoring System market is
segmented into Component, Type, Battery Type, End-User.
Based on Component, the market is segmented into Hardware and Software. Based on Type, the market is segmented into Wired Battery Monitoring
System and Wireless Battery Monitoring System.
Based on Battery Type, the market is segmented into Lithium-Ion Based Battery, Lead-Acid Battery and Others. Based on End-User,
the market is segmented into IT & Telecommunications, Energy, Automotive
and Others. By Region, Competition Forecast &
Opportunities, 2018-2028F has evaluated the future growth potential
of India Battery Monitoring System Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides the report also identifies and analyzes
the emerging trends along with essential drivers, challenges, and opportunities
India Battery Monitoring System Market.
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