Battery Monitoring System Market

Battery Monitoring System Market by Component (Hardware, Software), Type (Wired, Wireless), Battery Type (Lithium-Ion Based, Lead-Acid), End-User (Telecommunications, Automotive, Energy, Industries), and Region - Global Forecast to 2022

Report Code: EP 5981 Feb, 2018, by marketsandmarkets.com

[139 Pages Report] The global battery monitoring system market was valued at USD 2.05 Billion in 2016 and is estimated to grow at a CAGR of 18.23%, during the forecast period, to reach USD 5.47 Billion by 2022. The rising demand for electric vehicles, increased operational efficiency of batteries, and need to prevent unplanned outages are the major factors driving the battery monitoring system market.

The years considered for the study are as follows:

  • Base Year: 2016
  • Estimated Year: 2017
  • Projected Year: 2022
  • Forecast Period: 2017–2022

The base year for company profiles is 2016. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

  • To define, describe, and forecast the global battery monitoring system market on the basis of component, type, battery type, end-user, and region
  • To provide detailed information regarding the major factors influencing the growth of the battery monitoring system market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze the battery monitoring system market with respect to individual growth trends, future prospects, and contributions of each segment to the market
  • To analyze market opportunities for stakeholders and provide details of the competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market ranking and core competencies
  • To track and analyze competitive developments such as new product launches, contracts & agreements, investments and expansions, and partnerships in the battery monitoring system market

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases such as Hoover’s, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global battery monitoring system market. The primary sources include industry experts from core and related industries, preferred suppliers, manufacturers, distributors, technology developers, standards and certification organizations of companies, and organizations related to all the segments of this industry’s value chain. The research methodology is explained below.

  • Study of the annual revenues and market developments of the key players that provide battery monitoring systems
  • Analysis of the major end-users and applications of battery monitoring systems
  • Assessment of future trends and growth of the battery monitoring system market on the basis of investments in key end-user segments such as telecommunications, automotive, and energy
  • Assessment of the battery monitoring system market with respect to wired and wireless battery monitoring systems, based on type
  • Study of the contracts and developments related to the battery monitoring system market by key players across different regions
  • Finalization of overall market sizes by triangulating the supply-side data, which includes product developments, supply chains, and annual revenues of companies manufacturing battery monitoring systems across the globe

After arriving at the overall market size, the total market has been split into several segments and sub-segments. The figure below illustrates the breakdown of primaries conducted during the research study on the basis of company type, designation, and region.

Battery Monitoring System Market

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

Battery Monitoring System Market

The ecosystem of the global battery monitoring system market starts with raw material or component suppliers. The various components of battery monitoring systems are sensors, hubs, controllers, data loggers, data recorders, and communication networks. The enablers are directly responsible for the implementation of battery monitoring system in end-user facilities. The enablers include solutions providers that deliver the entire battery monitoring system and possess the capability to supply either hardware or software or both directly to the end-users. These devices are then distributed to end-users in sectors such as telecommunications, automotive, energy, industries, and others (railways, hospitals, shopping malls, and airports).

Target Audience:

The report’s target audience includes:

  • Battery monitoring system manufacturers and suppliers
  • Component manufacturers and suppliers
  • Consulting companies in the power sector
  • Electric utilities
  • Government and power research organizations
  • Manufacturing industries

Scope of the Report:

  • By Component
    • Hardware
    • Software
  • By Type
    • Wired
    • Wireless
  • By Battery Type
    • Lithium-Ion Based
    • Lead-Acid
    • Others
  • By End-User
    • Telecommunication
    • Automotive
    • Energy
    • Industries
    • Others
  • By Region
    • Asia Pacific
    • North America
    • Europe
    • Middle East & Africa
    • South America

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Regional Analysis

Further breakdown of region or country-specific analyses

Company Information

Detailed analyses and profiling of additional market players (up to 5)

The global battery monitoring system market is projected to grow at a CAGR of 18.23%, during the forecast period, to reach a market size of USD 5.47 Billion by 2022, from an estimated USD 2.37 Billion in 2017. Market growth can be attributed to rising investments in data centers and growing renewable power generation globally. The increased operational efficiency of batteries and rising demand for electric vehicles are expected to boost the demand for battery monitoring systems.

The report segments the battery monitoring system market, by type, into wired and wireless. The wired segment is expected to lead the battery monitoring system market during the forecast period. The wireless segment is projected to grow at the fastest rate during the forecast period as wireless systems enable remote monitoring of operations as all the operations can be monitored from a central location.

The hardware segment of the battery monitoring system market, by component, accounted for the largest market size in 2016. Hardware components include the physical components involved in a battery monitoring system, such as sensors, hub, controller, data loggers, data recorders, and communication networks. The simple installation, fast data sampling, reduced cabling, and high-resolution data recording capabilities of these components have led to the growth of the hardware segment of the battery monitoring system market.

Based on battery type, the battery monitoring system market has been segmented into lithium-ion based, lead-acid, and others. The others segment includes nickel-based and flow batteries. The lithium-ion based segment is estimated to hold the largest share of battery monitoring system market in 2017 due to the increasing deployment of lithium-ion batteries in electric vehicles, power tools, and battery backup applications. This segment is expected to grow at the highest CAGR, from 2017 to 2022, due to the increasing electric vehicle sales, wherein lithium-ion batteries are deployed.

In this report, the battery monitoring system market has been analyzed with respect to 5 regions, namely, North America, Asia Pacific, Europe, the Middle East & Africa, and South America. The market in North America is expected to lead the global battery monitoring system market by 2022 and is projected to grow at the second-highest CAGR from 2017 to 2022. Market growth in this region can be attributed to increasing investments in data centers and growing renewable power generation capacities. Countries such as the US and Canada are the key markets for battery monitoring systems in North America.

Battery Monitoring System Market

Battery monitoring systems are seemingly expensive and complex, especially for larger battery solutions. The larger energy storage projects for solar and wind require a precise guide on storage type and size. Additionally, larger energy storage systems require more battery monitors to obtain accurate and real-time results of parameters. This consequently results in a significant increase in the total cost of battery monitoring systems. Thus, the high cost of battery monitoring systems for larger battery solutions is expected to act as a restraint for the battery monitoring system market.

The leading players in the battery monitoring system market include NDSL (UK), Texas Instruments (US), PowerShield (New Zealand), BatteryDAQ (US), Canara (US), and Eagle Eye (US). New product launches was the most commonly adopted strategy by the top players in the market from 2014 to 2017. It was followed by contracts & agreements, expansions and investments, and partnerships.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regional Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 31)
    4.1 Battery Monitoring System Market, By Country
    4.2 Battery Monitoring System Market, By Component
    4.3 Battery Monitoring System Market, By Type
    4.4 Battery Monitoring System Market, By Battery Type
    4.5 Battery Monitoring System Market, By End-User
    4.6 North America Battery Monitoring System Market, By Country and Battery Type

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Preventing Unplanned Outages
                    5.2.1.2 Increased Operational Efficiency of Batteries
                    5.2.1.3 Rising Demand for Electric Vehicles
           5.2.2 Restraints
                    5.2.2.1 High Cost of Battery Monitoring Systems for Larger Battery Solutions
           5.2.3 Opportunities
                    5.2.3.1 Rising Demand for Battery Monitoring Systems for Datacenter Applications
                    5.2.3.2 Increasing Renewable Power Generation
           5.2.4 Challenges
                    5.2.4.1 Presence of A Large Number of Local and Regional Players

6 Battery Monitoring System Market, By Component (Page No. - 41)
    6.1 Introduction
    6.2 Hardware
    6.3 Software

7 Battery Monitoring System Market, By Type (Page No. - 46)
    7.1 Introduction
    7.2 Wired Battery Monitoring System
    7.3 Wireless Battery Monitoring System

8 Battery Monitoring System Market, By Battery Type (Page No. - 50)
    8.1 Introduction
    8.2 Lithium-Ion Based Battery
    8.3 Lead-Acid Battery
    8.4 Others

9 Battery Monitoring System Market, By End-User (Page No. - 56)
    9.1 Introduction
    9.2 Telecommunications
    9.3 Energy
    9.4 Automotive
    9.5 Industries
    9.6 Others

10 Battery Monitoring System Market, By Region (Page No. - 64)
     10.1 Introduction
     10.2 North America
             10.2.1 By Component
             10.2.2 By Type
             10.2.3 By Battery Type
             10.2.4 By End-User
             10.2.5 By Country
                        10.2.5.1 US
                        10.2.5.2 Canada
                        10.2.5.3 Mexico
     10.3 Asia Pacific
             10.3.1 By Component
             10.3.2 By Type
             10.3.3 By Battery Type
             10.3.4 By End-User
             10.3.5 By Country
                        10.3.5.1 China
                        10.3.5.2 Japan
                        10.3.5.3 India
                        10.3.5.4 South Korea
                        10.3.5.5 Rest of Asia Pacific
     10.4 Europe
             10.4.1 By Component
             10.4.2 By Type
             10.4.3 By Battery Type
             10.4.4 By End-User
             10.4.5 By Country
                        10.4.5.1 Germany
                        10.4.5.2 UK
                        10.4.5.3 France
                        10.4.5.4 Italy
                        10.4.5.5 Rest of Europe
     10.5 Middle East & Africa
             10.5.1 By Component
             10.5.2 By Type
             10.5.3 By Battery Type
             10.5.4 By End-User
             10.5.5 By Country
                        10.5.5.1 South Africa
                        10.5.5.2 Saudi Arabia
                        10.5.5.3 Rest of the Middle East & Africa
     10.6 South America
             10.6.1 By Component
             10.6.2 By Type
             10.6.3 By Battery Type
             10.6.4 By End-User
             10.6.5 By Country
                        10.6.5.1 Brazil
                        10.6.5.2 Rest of South America

11 Competitive Landscape (Page No. - 99)
     11.1 Overview
     11.2 Ranking of Players Analysis
     11.3 Competitive Scenario
             11.3.1 Contracts & Agreements
             11.3.2 New Product Launches
             11.3.3 Investments & Expansions
             11.3.4 Partnerships

12 Company Profiles (Page No. - 103)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     12.1 Benchmarking
     12.2 NDSL
     12.3 Texas Instruments
     12.4 Powershield
     12.5 Batterydaq
     12.6 Canara
     12.7 Eagle Eye
     12.8 HBL
     12.9 Btech
     12.10 SBS
     12.11 Schneider Electric
     12.12 ABB
     12.13 Socomec
     12.14 Curtis

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 131)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (62 Tables)

Table 1 Global Battery Monitoring System Market Snapshot
Table 2 Battery Monitoring System Market Size, By Component, 2015–2022 (USD Billion)
Table 3 Hardware: Battery Monitoring System Market Size, By Region, 2015–2022 (USD Million)
Table 4 Software: Battery Monitoring System Market Size, By Region, 2015–2022 (USD Million)
Table 5 Battery Monitoring System Market Size, By Type, 2015–2022 (USD Million)
Table 6 Wired: Battery Monitoring System Market Size, By Region, 2015–2022 (USD Million)
Table 7 Wireless: Battery Monitoring System Market Size, By Region, 2015–2022 (USD Million)
Table 8 Battery Monitoring System Market Size, By Battery Type, 2015–2022 (USD Million)
Table 9 Lithium-Ion Based: Battery Monitoring System Market Size, By Region, 2015–2022 (USD Million) )
Table 10 Lead-Acid Battery: Battery Monitoring System Market Size, By Region, 2015–2022 (USD Million)
Table 11 Others: Battery Monitoring System Market Size, By Region, 2015–2022 (USD Million)
Table 12 Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 13 Telecommunications: Battery Monitoring System Market Size, By Region, 2017–2022 (USD Million)
Table 14 Energy: Battery Monitoring System Market Size, By Region, 2015–2022 (USD Million)
Table 15 Automotive: Battery Monitoring System Market Size, By Region, 2015–2022 (USD Million)
Table 16 Industries: Battery Monitoring System Market Size, By Region, 2015–2022 (USD Million)
Table 17 Others: Battery Monitoring System Market Size, By Region, 2015–2022 (USD Million)
Table 18 Battery Monitoring System Market Size, By Region, 2015–2022 (USD Million)
Table 19 North America: Battery Monitoring System Market Size, By Component, 2015–2022 (USD Million)
Table 20 North America: Battery Monitoring System Market Size, By Type, 2015–2022 (USD Million)
Table 21 North America: Battery Monitoring System Market Size, By Battery Type, 2015–2022 (USD Million)
Table 22 North America: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 23 North America: Battery Monitoring System Market Size, By Country, 2015–2022 (USD Billion)
Table 24 US: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 25 Canada: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 26 Mexico: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 27 Asia Pacific: Battery Monitoring System Market Size, By Component, 2015–2022 (USD Million)
Table 28 Asia Pacific: Battery Monitoring System Market Size, By Type, 2015–2022 (USD Million)
Table 29 Asia Pacific: Battery Monitoring System Market Size, By Battery Type, 2015–2022 (USD Million)
Table 30 Asia Pacific: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 31 Asia Pacific: Battery Monitoring System Market Size, By Country, 2015–2022 (USD Billion)
Table 32 China: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 33 Japan: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 34 India: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 35 South Korea: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 36 Rest of Asia Pacific: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 37 Europe: Battery Monitoring System Market Size, By Component, 2015–2022 (USD Million)
Table 38 Europe: Battery Monitoring System Market Size, By Type, 2015–2022 (USD Million)
Table 39 Europe: Battery Monitoring System Market Size, By Battery Type, 2015–2022 (USD Million)
Table 40 Europe: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 41 Europe: Battery Monitoring System Market Size, By Country, 2015–2022 (USD Billion)
Table 42 Germany: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 43 UK: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 44 France: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 45 Italy: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 46 Rest of Europe: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 47 Middle East & Africa: Battery Monitoring System Market Size, By Component, 2015–2022 (USD Million)
Table 48 Middle East & Africa: Battery Monitoring System Market Size, By Type, 2015–2022 (USD Million)
Table 49 Middle East & Africa: Battery Monitoring System Market Size, By Battery Type, 2015–2022 (USD Million)
Table 50 Middle East & Africa: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 51 Middle East & Africa: Battery Monitoring System Market Size, By Country, 2015–2022 (USD Billion)
Table 52 South Africa: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 53 Saudi Arabia: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 54 Rest of the Middle East: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 55 South America: Battery Monitoring System Market Size, By Component, 2015–2022 (USD Million)
Table 56 South America: Battery Monitoring System Market Size, By Type, 2015–2022 (USD Million)
Table 57 South America: Battery Monitoring System Market Size, By Battery Type, 2015–2022 (USD Million)
Table 58 South America: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 59 South America: Battery Monitoring System Market Size, By Country, 2015–2022 (USD Billion)
Table 60 Brazil: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 61 Rest of South America: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Thousand)
Table 62 Developments By Key Players in the Market, 2014–2017


List of Figures (41 Figures)

Figure 1 Battery Monitoring System Market Research Design
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Data Triangulation Methodology
Figure 5 Assumptions of Research Study
Figure 6 North America Held the Largest Share in the Battery Monitoring System Market in 2016
Figure 7 Hardware Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 8 Wired Segment Dominated the Battery Monitoring System Market in 2016
Figure 9 Lithium-Ion Based Segment is Expected to Dominate the Battery Monitoring System Market From 2017 to 2022
Figure 10 Telecommunications Segment is Expected to Dominate the Battery Monitoring System Market During the Forecast Period
Figure 11 Attractive Opportunities in the Battery Monitoring System Market, 2017–2022
Figure 12 China to Grow at the Fastest Rate in the Global Battery Monitoring System Market During the Forecast Period
Figure 13 Hardware Segment is Expected to Grow at the Fastest Rate During the Forecast Period
Figure 14 Wired Segment is Estimated to Dominate the Battery Monitoring System Market in 2017
Figure 15 Lithium–Ion-Based Segment Dominated the Market in 2016, While North America Dominated the Lithium–Ion Based Segment in the Same Year
Figure 16 Telecommunications Segment is Expected to Dominate the Battery Monitoring System Market in 2017
Figure 17 US Accounted for the Largest Share of the North American Battery Monitoring System Market in 2016
Figure 18 Drivers, Restraints, Opportunities, & Challenges
Figure 19 Root Causes of Unplanned Outages, (2010, 2013, & 2016)
Figure 20 Electric Car Sales, By Country, 2016 (Thousand Units)
Figure 21 Percentage Cost Structure of Unplanned Datacenter Outages (2010, 2013, & 2016)
Figure 22 Global Installed Renewable Power Generation Capacity, By Region, 2015 & 2016
Figure 23 The Hardware Segment is Expected to Be the Largest During the Forecast Period
Figure 24 North America Dominated the Hardware Segment During the Forecast Period
Figure 25 Wireless Segment is Expected to Grow at the Fastest CAGR in the Battery Monitoring System Market During the Forecast Period
Figure 26 Wired Battery Monitoring System Segment, By Region, 2017–2022 (USD Million)
Figure 27 Lithium-Ion Based is Expected to Be the Fastest Growing Segment in the Battery Monitoring System Market During the Forecast Period
Figure 28 Asia Pacific: the Fastest Growing Battery Monitoring System Market in the Lithium-Ion Based Segment, 2017–2022
Figure 29 The Telecommunications Segment is Expected to Be the Largest Market for Battery Monitoring System During the Forecast Period
Figure 30 Telecommunications: Battery Monitoring System Market Size, By Region, 2017 vs 2022 (USD Million)
Figure 31 North America Dominated the Battery Monitoring System Market in the Energy Segment in 2016
Figure 32 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 33 North America Led the Battery Monitoring System Market in 2016
Figure 34 North America: Market Snapshot
Figure 35 Asia Pacific: Market Snapshot
Figure 36 Key Developments in the Battery Monitoring System Market During 2014-2017
Figure 37 Ranking of Players, 2016
Figure 38 TI: Company Snapshot
Figure 39 HBL: Company Snapshot
Figure 40 Schneider Electric: Company Snapshot
Figure 41 ABB: Company Snapshot


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