Pumping systems account for nearly 20% of the world’s demand for electric energy. Different type of pumps used in the industry are centrifugal, reciprocating, and helical rotor pumps. Motor control circuits are used to reduce co ....see more
The global plastic hot and cold pipe market is projected to reach USD 8.7 billion by 2027 from an estimated USD 6.5 billion in 2022, at a CAGR of 5.9% during the forecast period. The plastic hot and cold pipe market is dominated by major players that have a wide regional presence. Some of the key players in the plastic hot and cold pipe market are Georg Fischer (Switzerland), Aliaxis (Belgium), Wienerberger (Austria), Genuit Group Inc. (UK), and Chevron Philips (US), Supreme (India), Wavin Asia (Singapore), Astral Pipes (India).
The Cryogenic Pump Market is expected to grow from USD 1.2 billion in 2022 to USD 1.5 billion by 2027, at a CAGR of 4.6% during the forecast period. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Cryogenic pump market. These players include Atlas Copco AB (Sweden), EBARA CORPORATION (Japan), SHI Cryogenics Group (Japan), Nikkiso Co., Ltd. (Japan) and Fives Group (France)
The large-scale natural refrigerant heat pump market is expected to grow from USD 5.8 billion in 2022 to USD 9.1 billion by 2027, at a CAGR of 9.4% during the forecast period. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the large-scale natural refrigerant heat pump market. These players include Siemens Energy (Germany), Johnson Controls (Ireland), Emerson Electric Co. (US), GEA Group Aktiengesellschaft (Germany), and Mitsubishi Electric Corporation (Japan).
The industrial burner market is expected to grow from USD 5.9 billion in 2022 to USD 7.9 billion in 2027, at a CAGR of 6.1% during the forecast period. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the industrial burner market. These include including ANDRITZ Group (Austria), NIBE Group (Sweden), Honeywell International Inc. (US), Ariston Group N.V. (Italy), Fives (France), and Riello S. p. A. (Italy). The leading players are trying to establish themselves in the markets of developed countries and are adopting various strategies to increase their respective market shares.
The variable frequency drive market is expected to grow from USD 21.2 billion in 2022 to USD 26.8 billion in 2027, at a CAGR of 4.8% during the forecast period. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the variable frequency drive market. These include ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Danfoss (Denmark), and Rockwell Automation (US). The leading players are trying to establish themselves in the markets of developed countries and are adopting various strategies to increase their respective market shares.
The diaphragm pumps market is expected to grow from USD 6.1 billion in 2022 to USD 7.6 billion by 2027, at a compound annual growth rate (CAGR) of 4.5% during the forecast period.The major players PSG (US), Flowserve Corporation (US), IDEX Corporation (US), LEWA GmbH (Germany), Ingersoll Rand, Inc. (US), Grundfos Holding A/S (Denmark), Yamada Corporation (Japan), Xylem, Inc. (US), and SPX FLOW (US).
The global cryogenic equipment market is projected to reach USD 17.4 billion by 2027, at a CAGR of 6.8% during the forecast period. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the cryogenic equipment market. These players include Linde plc (Ireland), Air Liquide (France), Air Products Inc (US), Chart Industries (Georgia) and PARKER HANNIFIN CORP (US).
The global industrial filtration market is expected to grow from USD 33.5 billion in 2022 to USD 45.2 billion by 2027, at a compound annual growth rate (CAGR) of 6.2% during the forecast period.The Leading PlayersMANN + HUMMEL (Germany), Danaher (US), Parker - Hannifin (US), 3M(US) and Cummins (US).
The heat pump market is expected to grow from USD 53.2 billion in 2021 to USD 83.5 billion by 2026, at a compound annual growth rate (CAGR) of 9.5% during the forecast period.The top players Samsung (South Korea), DENSO CORPORATION (Japan), Midea Group (China), Panasonic Corporation (Japan) and Mitsubishi Electric Corporation (Japan).
The industrial air compressor market is expected to grow from USD 32.7 billion in 2021 to USD 42.9 billion by 2026, at a compound annual growth rate (CAGR) of 5.6% during the forecast period. The major players Atlas Copco (Sweden), Ingersoll Rand (US), Doosan Infracore (South Korea), Hitachi (Japan), and Kobe Steel (Japan). Some of the other major players include BOGE Kompressoren (Germany), Volkswagen (MAN Energy Solutions), Kirloskar Pneumatic (India), Kaeser Kompressoren (Germany), Danfoss (Denmark), Coaire (UAE), ELGi Equipments (India), Siemens Energy (Germany), Sulzer (Switzerland), Baker Hughes (US), Nidec, EBARA Corporation (Elliott Group), Howden Group (US), Fusheng Group (Taiwan), Mitsubishi Heavy Industries (Japan), and others.
The motor monitoring market is expected to grow from USD 2.0 billion in 2021 to USD 2.9 billion by 2026, at a CAGR of 7.8% during the forecast period. Some of the key players are General Electric (US), Siemens (Germany), ABB (Switzerland), Honeywell (US), and Schneider Electric (France). The leading players are adopting various strategies to increase their share in the motor monitoring market.
The Power device analyzer market is expected to reach USD 577 million by 2026, at a CAGR of 4.8% during the forecast period. The key players include Keysight Technologies (US), Yokogawa (Japan), Fluke Corporation (US), Iwatsu Electric (Japan), Hioki E E Corporation (Japan). The leading players are adopting various strategies to increase their share in the power device analyzer market.
The water desalination equipment market is expected to grow from USD 7.1 billion in 2021 to USD 11.2 billion by 2026, at a compound annual growth rate (CAGR) of 9.5%. during the forecast period.Suez Water Technologies & Solutions (US), Veolia Water Technologies (France), DuPont (US), LG Chem (Korea), Toray Industries, Inc. (Japan), Sulzer (Switzerland) and Wärtsilä (Finland).
The marine VFD market is expected to grow from USD 804 million in 2021 to USD 1,075 million by 2026, at a CAGR of 6.0% during the forecast period. The key players include General Electric (US), Danfoss (Denmark), Siemens (Germany), ABB (Switzerland), Rockwell Automation (US). The leading players are adopting various strategies to increase their share in the marine VFD market.
The Industrial Counterweights Market is expected to grow from USD 6.7 billion in 2021 to USD 8.5 billion by 2026, at a CAGR of 4.5% during the forecast period. The key players include FMGC, Farinia Group (France), Sic LAZARO (US), Crescent Foundry (India), Gallizo (Spain), Mars Metal (Canada). The leading players are adopting various strategies to increase their share in the industrial counterweights market.
The global permanent magnet motor market is expected to grow from USD 41.2 billion in 2021 to USD 64.6 billion by 2026, at a compound annual growth rate (CAGR) of 9.4% during the forecast period. The major players in Permanent Magnet Motor market, such as ABB (Switzerland), Siemens (Germany), Wolong (China), WEG (Brazil) and Rockwell Automation (US), have comparable strengths in terms of customer base, diversified product portfolios, technological capabilities, and regional presence, and they cumulatively hold a major portion of the total market share.
The Excitation Systems Market is expected to grow from USD 2.7 billion in 2021 to USD 3.4 billion by 2026, at a CAGR of 4.4% during the forecast period. Some of the key players are ABB (Switzerland), Siemens Energy(Germany), General Electric (US), ANDRITZ Group (Austria), and Emerson (US).The leading players are adopting various strategies to increase their share in the excitation systems market. Contracts & agreements, and new product launches have been a widely adopted strategy by the major players in the excitation systems market.
The sequence of events recorder market is expected to grow from USD 25 million in 2021 to USD 31 million by 2026, at a compound annual growth rate (CAGR) of 4.7% during the forecast period. Some of the key players are AMETEK(US), Qualitrol Corp.(US), Emerson(US), Yokogawa Electric Corporation(Japan).The leading players are adopting various strategies to increase their share in the sequence of events recorder market.
The global progressing cavity pump market is expected to grow from USD 4.4 billion in 2021 to USD 5.9 billion by 2026, at a compound annual growth rate (CAGR) of 6.0% during the forecast period. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top manufacturers in the Progressing Cavity Pump market. These players include Xylem (US), Weir (UK), Sulzer (Switzerland), Roto Pumps (India), EBARA Corporation (Japan), Wilo (Germany), ITT Corporation (US), NETZSCH (Germany), CIRCOR International (US), SEEPEX (Germany).
The global centrifugal pump market is expected to grow from USD 36.6 billion in 2021 to USD 48.8 billion by 2026, at a compound annual growth rate (CAGR) of 5.9% during the forecast period. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the centrifugal pump market are Grundfos (Denmark), KSB (Switzerland), Flowserve (US), Sulzer (Switzerland), and Xylem (US).
The global synchronous condenser market is projected to reach USD 574.0 million by 2025 from an estimated USD 508.4 million in 2020, at a CAGR of 2.5% during the forecast period. The key players profiled in this report are Halliburton (US), Schlumberger (US), Baker Hughes Company (US) NexTier Oilfield Solutions (US), and Calfrac Well Services (Canada).
The submersible pumps market is expected to grow from USD 11.2 billion in 2020 to USD 15.5 billion by 2025 at a compound annual growth rate (CAGR) of 6.7% during the forecast period.Some of the key players are Xylem (US), Sulzer (Switzerland), KSB Group (Germany), Grundfos (Denmark), and Atlas Copco (Sweden). The leading players are adopting various strategies to increase their share in the submersible pumps market.
The global oil & gas pumps market is projected to reach a size of USD 9.0 billion by 2025, at a CAGR of 6.4% during the forecasting period. Some of the key players are Flowserve (US), Sulzer (Switzerland), Weir Group (UK), KSB (Germany), and Xylem(US). The leading players are adopting various strategies to increase their share in the oil & gas pumps market.
The electric motor market is expected to reach USD 169.1 billion by 2026, at a CAGR of 6.9% during the forecast period. Some of the key players are ABB (Switzerland), Siemens (Germany), Nidec Corporation (Japan), Wolong (China), and WEG (Brazil).The leading players are adopting various strategies to increase their share in the electric motor market.
The Motor Control Centers Market is expected to grow from USD 4.6 billion in 2020 to USD 6.3 billion by 2025, at a CAGR of 6.4% during the forecast period. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the motor control centers market. These include ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Eaton (Ireland), and Rockwell Automation (US). The leading players are trying to establish themselves in the markets in developing economies and are adopting various strategies to increase their respective market share.
The global brushless DC Motor market size is expected to grow USD 15.2 billion by 2025, at a CAGR of 9.5% during the forecasting period. AMETEK (US), Allied Motion (US), Nidec Corporation (Japan), Johnson Electric (China), and MinebeaMitsumi (Japan) are the leading players in the brushless DC motor market. Maxon Motor (Switzerland), Regal Beloit Corporation (US), Oriental Motor (Japan), Portescap (US), and ElectroCraft (US) are other players operating in the market are the leading players in the global brushless DC motor market.
The electric traction motor market is expected to grow from USD 14.2 billion in 2020 to USD 36.6 billion by 2025 at a compound annual growth rate (CAGR) of 14.2 during the forecast period.The major players in the electric traction motor market include ABB (Switzerland), CG Power and Industrial Solutions (India), CRRC (China), GE (US), and Siemens (Germany).
The water cut monitors market is expected to grow from USD 188 million in 2019 to USD 241 million by 2024, at a compound annual growth rate (CAGR) of 5.0% during the forecast period.To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Water Cut Monitors market. They are Weatherford (Switzerland), Emerson (US), Phase Dynamics (US), and Ametek Inc. (US). The leading players are trying to enter the market of developing economies and are adopting various strategies to increase their market shares.
The motor soft starter market is expected to grow from USD 1.7 billion in 2019 to USD 2.3 billion by 2024, at a compound annual growth rate (CAGR) of 6.0% during the forecast period.. These include ABB, Ltd. (Switzerland), Siemens AG (Germany), Schneider Electric SE (France), Eaton Corporation, PLC (Ireland), and Rockwell Automation, Inc. (US). The leading players are trying to establish themselves in the markets in developing economies and are adopting various strategies to increase their respective market share.
The Smart Water Metering Market is expected to grow from USD 5.9 billion in 2019 to USD 9.6 billion by 2024, at a CAGR of 10.3% during the forecast period. Some of the key players are Arad Group (Israel), Badger Meter (US), Itron (US), Kamstrup (Denmark), and Diehl (Germany). The leading players are adopting various strategies to increase their share in the smart water metering market. Contracts & agreements has been a widely adopted strategy by the major players in the smart water metering market.
The transmission sales market is expected to grow from USD 15.2 billion in 2019 to USD 18.7 billion by 2024, at a compound annual growth rate (CAGR) of 4.2% during the forecast period.The report includes the profiles of some of the top players in the transmission sales market to enable an in-depth understanding of the competitive landscape. The key players in the transmission sales market include Caterpillar, Inc. (US), GE (US), Siemens (Germany), Gazprom (Russia), and Cummins (US). The leading players are adopting various strategies to increase their share in the transmission sales market.
The ultrasonic flow meter market is projected to reach a size of USD 2.1 billion by 2024, at a CAGR of 6.5% from an estimated USD 1.5 billion in 2019. This growth can be attributed to factors such as increasing green field investments in China, rise in demand for advanced flow measuring technologies, and increase in shale gas exploration activities in the US.Siemens (Germany), Danfoss (Denmark), Fuji Electric (Japan), Badger Meter (US), GE (US), Endress+Hauser (Switzerland), Honeywell (US), and KROHNE (Germany).
The global industrial wastewater treatment service market is projected to reach USD 28.0 billion by 2024 from an estimated USD 20.8 billion in 2019, at a CAGR of 6.1% during the forecast period. This growth can be attributed to factors such as growing government policies and legislative mandates for illegal discharge of wastewater into the environment, need for policy and standards compliance, and need for adhering to the Zero Liquid Discharge (ZLD) initiatives. The major players in the global industrial wastewater treatment service market are Veolia (France). SUEZ (France), Xylem (US), Thermax Group (India). Ecolab (USA), Pentair (UK), Evoqua Water Technologies (USA), WOG Group (USA), SWA Water Holdings (Australia), Aries Chemical (USA), Terrapure Environmental (Canada), and Golder Associates (Canada).
The Europe variable frequency drives market is projected to grow from an estimated USD 5.2 billion in 2019 to USD 6.4 billion by 2024, at a CAGR of 4.13% during the forecast period. This growth can be attributed to factors such as increasing investments in the energy and construction industries and government regulations in reducing greenhouse gas emissions.ABB (Switzerland), Eaton (Ireland), Schneider (France), Siemens (Germany), Danfoss (Denmark), Fuji (Japan), Rockwell (US), Yaskawa (Japan), CG Power and Industrial Solutions (India), Hitachi (Japan), WEG SA (Brazil), and TMEIC (Japan).
The global valve remote control system market is projected to reach USD 8.0 billion by 2023 from an estimated USD 6.4 billion in 2018, at a CAGR of 4.73%. This can be attributed to the growth in power generation, increasing investments in the petrochemical and chemical infrastructure, and the rise in demand for automation and predictive maintenance from the manufacturing industriesEmerson (US), Rotork (UK), Wartsila (Finland), KSB (Germany), and Nordic (Singapore).
The global AC electric motor sales in oil & gas industry market is projected to reach a size of USD 13.2 billion by 2023, at a CAGR of 4.62%, from an estimated USD 10.5 billion in 2018. This growth can be attributed to the automation in oil & gas sector, transition to energy efficient motors in oil & gas industry.The major players in the global AC electric motor market, are ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Rockwell (US), WEG (Brazil), Toshiba Corporation (Japan), General Electric (US).
The global lighting contactor market is estimated to be USD 737.8 million in 2018 and is projected to reach USD 1,111.0 million by 2023, at a CAGR of 8.53% from 2018 to 2023. Increasing adoption of IoT in the lighting industry and rising demand for energy-efficient lighting systems are the major drivers of the lighting contactor market. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the lighting contactor market. The key players in the market include ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Rockwell Automation (US), and Eaton (Republic of Ireland). The leading players are trying to expand in developing economies and are adopting various strategies to increase their market shares.
The global Industrial Gearbox market is estimated to grow from USD 25.91 billion in 2018 to USD 31.90 billion by 2023, at a CAGR of 4.25% during the forecast period. The growth in the industrial gearbox market is driven by the increasing automation in manufacturing industries such as automobile, food processing, and agriculture machinery. In addition, increasing investments in renewable power generation, with a skew towards wind power, is driving the market. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the industrial gearbox market. These players include Siemens AG (Germany), Bonfiglioli Italia S.P.A (Italy), Bondioli & Pavesi (Italy), Sew-Eurodrive (Germany), and Dana Brevini (Italy).
The global CNG dispenser market is estimated to be USD 155.2 million in 2018 and is projected to reach USD 225.5 million by 2023, at a CAGR of 7.76% from 2018 to 2023. This growth can be attributed to the rising demand for natural gas vehicles, with growing refueling infrastructure across the countries.Some of the leading players in the offshore ROV market include as Bennett (US), Censtar (China), Compac (New Zealand), FTI (Canada), Kraus (Canada), Lanfeng (China), Sanki (China), Scheidt & Bachmann (Germany), Tulsa (India), Tatsuno (Japan), Dover (US), Parker (US), and Fortive (US). Contracts & agreements was the most commonly adopted strategy by top players in the market
The overall hydraulic dosing pump market is estimated to grow from USD 771.8 million in 2018 to USD 949.3 million by 2023, at a CAGR of 4.23%. The hydraulic dosing pump market is driven by factors such as the growing demand from the chemical industry and rising investments in the water & wastewater treatment industry. Growth in demand from the oil & gas sector is expected to boost the demand for hydraulic dosing pumps. The increasing implementation of smart dosing technologies coupled with refining capacity additions in the Asia Pacific and the Middle East present great opportunities for the hydraulic dosing pump market. To enable an in-depth understanding of the competitive landscape, the report includes the profiling of some of the key players in the hydraulic dosing pump market. These players include Dover Corporation (US), Grundfos (Denmark), SPX Flow (US), IDEX Corporation (US), and LEWA (Germany). Leading players are trying to establish themselves in the markets of developing economies and are adopting various strategies to increase their market shares.
The global flame arrestors market is estimated to be USD 713.8 million in 2018 and is projected to reach USD 924.7 million by 2023, at a CAGR of 5.31%. Stringent safety norms and regulations in industries and the growing demand for shale gas and tight oil are expected to the drive the growth of the flame arrestors market.Some of the leading players in the flame arrestors market include Emerson (US), Braunschweiger Flammenfilter (Germany), Elmac Technologies (UK), Protectoseal (US), and Tornado Combustion Technologies (US). Contracts & agreements were the most commonly adopted strategy by the top players in the market from 2014 to 2018. It was followed by new product developments.
The global blockchain in energy market is projected to reach a market size of USD 7,110.1 million by 2023, at a CAGR of 78.32%, from an estimated USD 394.3 million in 2018. This growth can be attributed to the Increasing popularity of the blockchain technology in the energy sector, the need to manage infrastructure and other business functions through high transaction speeds and immutability, and the rising security concerns across the globe. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the blockchain in energy market. The key players include Microsoft (US), Accenture (Ireland), IBM (US), Infosys (India), and SAP (Germany). The leading players are adopting various strategies to increase their shares in the blockchain in energy market.
The global pressure switch market is projected to reach a market size of USD 2.09 billion by 2023, at a CAGR of 4.39%, from an estimated USD 1.69 billion in 2018. This growth can be attributed to the low cost of pressure switches coupled with their multi-functionality, increasing demand for electric vehicles, and increasing investments in the railways sector. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the pressure switch market. The key players ABB (Switzerland), Eaton (Ireland), Danfoss (Denmark), Schlumberger (US), and Parker (US). The leading players are adopting various strategies to increase their shares in the pressure switch market.
The global booster compressor market is projected to reach a market size of USD 2.39 Billion in 2023, growing at a CAGR of 4.50%, from an estimated USD 1.92 Billion in 2018. Booster compressors are used in different applications in industries such as air boosting, gas bosting, air separation, and compression of gases for storage and transportation. Thus, the growing industrialization in developing countries will create demand for booster compressors. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the booster compressor market. These players include Atlas Copco (Sweden), Ingersoll Rand (Republic of Ireland), Kaeser Kompressoren (Germany), SAUER Compressor (Germany) and BAUER Kompressoren (Germany). The leading players are trying to make inroads in the market in the developed economies and are adopting various strategies to increase their market shares.
The global scrubber system market is projected to reach a market size of USD 1.86 Billion by 2023, growing at a CAGR of 12.82%, from an estimated USD 1.02 Billion in 2018. This growth can be attributed to the growing stringent environmental regulations to reduce atmospheric emissions.Stringent legislations against disposal of contaminated effluents from scrubber systems could act as a restraint for the scrubber system market. The leading players in the scrubber system market include DuPont (US), Alfa Laval (Sweden), Yara Marine (Norway), Wärtsilä (Finland), and B&W (US). Contracts & agreements was the most commonly adopted strategy by the top players. This was followed by new product launches, mergers & acquisitions, and partnerships & collaborations
The global industrial control transformer market is estimated to grow from USD 809.2 Million in 2018 to USD 1039.8 Million by 2023, at a CAGR of 5.14% during the forecast period. Booming power sector and augmented power generation capacities worldwide, need to reduce equipment failure caused by frequent voltage spikes, and increased usage of industrial control transformer across major industries are driving the industrial control transformer market across the world. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the industrial control transformer market. These players include ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Schneider (France), GE (US), Hubbell (US), Emerson (US), and Rockwell (US).
The global cryogenic valve market is projected to grow at a CAGR of 4.51%, to reach a market size of USD 3.75 Billion by 2023 from USD 3.00 Billion in 2018. Rising trade of LNG and high demand for industrial gases are the major factors driving the cryogenic valve market. The rising LNG trade has led to the growing demand for storage and transportation of cryogenic gases, which in turn has boosted the demand for cryogenic valves. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the cryogenic valve market. These players include Schlumberger(US), Emerson (US), Parker (US), Flowserve (US), and Weir Group (Scotland). The leading players adopted various strategies to increase their market shares such as contracts & agreements, new product launches, and mergers & acquisitions.
The global current transducer market is projected to reach a market size of USD USD 683.7 Million in 2023, growing at a CAGR of 3.31%, from an estimated USD 581.1 Million in 2018. This growth is primarily attributed to the increasing emphasis on renewable resources, control & monitoring systems, industrial automation, electric vehicles, and increasing use of energy storage machines.The use of the integrated system could act as a restraint for the current transducer market. The leading players in the current transducer market include LEM (Switzerland), CR Magnetic (US), NK Technologies (US), Veris Industries (US), and Phoenix Contact (US). The new product launch was the most commonly adopted strategy by the top players.
The global tension control market is estimated to be USD 891.4 Million in 2017 and is projected to reach USD 1,118.8 Million by 2022, growing at a CAGR of 4.65%, from 2017 to 2022. The increasing demand for automated tension control and the rising transition toward flexible printing & packaging from rigid packaging are driving the tension control market globally. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the tension control market. These include Maxcess (US), Montalvo (US), Erhardt+Leimer (Germany), FMS (Switzerland), Double E (US), Nireco (Japan), and Re (Italy). The leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market shares.
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. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the battery monitoring system market. These include NDSL (UK), Texas Instruments (US), PowerShield (New Zealand), BatteryDAQ (US), Canara (US), and Eagle Eye (US). The leading players are trying to establish themselves in the markets in developing economies and are adopting various strategies to increase their market shares.