Market Overview:
The global FORTELION battery module market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric vehicles and robotics. Additionally, the growing awareness about environment-friendly technologies is also contributing to the growth of this market. The global FORTELION battery module market can be segmented on the basis of type into separate, all-in-one, and other battery modules. The all-in-one battery module segment is expected to grow at a higher CAGR than other segments during the forecast period from 2018 to 2030. This can be attributed to its high efficiency and low maintenance requirements. On the basis of application, the global FORTELION battery module market can be divided into automobile, robot, and other applications. The automobile segment is expected to hold a major share of this market during the forecast period from 2018to 2030 owingtothe increasing demand for electric vehicles acrossthe world .
Product Definition:
A FORTELION battery module is a device that allows for the expansion of battery capacity in an electric vehicle. The module consists of multiple lithium-ion cells that are connected in series and parallel to create a larger battery pack. This allows for greater energy storage and longer range between charges. The importance of the FORTELION Battery Module lies in its ability to extend the range of electric vehicles, which can help reduce emissions and improve air quality.
Separate:
The global Separate it's usage and growth factor in the Fortelion battery module market size was valued at USD 1.5 billion in 2016. The increasing demand for energy storage systems is expected to be a key driver for the industry growth over the forecast period.
Growing demand from end-use industries such as transportation, telecom, oil & gas, manufacturing and construction are projected to propel industry expansion over the next seven years.
All-In-One:
All-in-one (AIO) is a battery management system that contains almost all the components necessary to monitor, manage and maintain a battery. It includes Battery Management Regulator (BMS), Charger Control Circuit (CCU), Power Analyzer and some other components. The AIO BMS monitors the complete health of each cell in the battery pack, detects any abnormalities such as voltage fluctuations or current imbalances among others.
Application Insights:
Automotive was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. Automobile manufacturers are focusing on reducing vehicle emissions by increasing fuel efficiency. This has resulted in increased use of electric vehicles, which is a key driver for battery module market growth. Robot applications are also expected to witness significant growth during the forecast period owing to rising demand for industrial robots across manufacturing facilities, construction sites and mining operations. Other applications include energy storage systems and renewable energy generation projects such as solar panels and wind turbines among others.
The automotive segment accounted for more than 45% of global revenue share in 2017 due to high product demand from major car manufacturers including BMW AG, Daimler AG & Co., Ltd., Ford Motor Company LLC., General Motors Company LLC., Hyundai Motor America Inc.
Regional Analysis:
Asia Pacific regional market accounted for the largest share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid urbanization, which has led to an increasing demand for electric vehicles as well as smartphones. Increasing disposable income of consumers and growing penetration of digital services are also contributing toward industry growth in this region.
The European regional market held a significant share in 2017 owing to high R&D investments by major companies along with technological collaborations undertaken by them. Moreover, Europe is one of the prominent regions where FORTELION battery module production takes place due to local availability of raw materials such as lithium ion manganese oxide (LIMONOID) and cobalt nickel hydroxide (NICKEL OHIOATE). Thus, all these factors are anticipated to boost product demand over the forecast period.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This will lead to an increase in demand for FORTELION battery modules.
- Growing popularity of solar energy: Solar energy is becoming increasingly popular due to its environmental benefits and cost-effectiveness. This will lead to an increase in demand for FORTELION battery modules used in solar applications.
- Rising investment in renewable energy: Renewable energy is receiving increasing investment due to its potential to reduce greenhouse gas emissions and dependence on fossil fuels. This will drive the growth of the FORTELION battery module market over the forecast period.
- Technological advancements: The development of new technologies such as solid-state batteries and lithium-air batteries is expected to boost the growth of the FORTELION battery module market over the forecast period.. 5, Increased focus on sustainability: There is a growing focus on sustainability across industries, which is resulting in increased adoption of renewable energy sources and green technologies such as FORTELION battery modules
Scope Of The Report
Report Attributes
Report Details
Report Title
FORTELION Battery Module Market Research Report
By Type
Separate, All-In-One, Other
By Application
Automobile, Robot, Other
By Companies
Murata, Sony
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
223
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global FORTELION Battery Module Market Report Segments:
The global FORTELION Battery Module market is segmented on the basis of:
Types
Separate, All-In-One, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automobile, Robot, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Murata
- Sony
Highlights of The FORTELION Battery Module Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Separate
- All-In-One
- Other
- By Application:
- Automobile
- Robot
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the FORTELION Battery Module Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
The FORTELION Battery Module is a battery management system that helps optimize the performance and life of your batteries.
Some of the key players operating in the fortelion battery module market are Murata, Sony.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 FORTELION Battery Module Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 FORTELION Battery Module Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 FORTELION Battery Module Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the FORTELION Battery Module Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global FORTELION Battery Module Market Size & Forecast, 2018-2028
4.5.1 FORTELION Battery Module Market Size and Y-o-Y Growth
4.5.2 FORTELION Battery Module Market Absolute $ Opportunity
Chapter 5 Global FORTELION Battery Module Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 FORTELION Battery Module Market Size Forecast by Type
5.2.1 Separate
5.2.2 All-In-One
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global FORTELION Battery Module Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 FORTELION Battery Module Market Size Forecast by Applications
6.2.1 Automobile
6.2.2 Robot
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global FORTELION Battery Module Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 FORTELION Battery Module Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America FORTELION Battery Module Analysis and Forecast
9.1 Introduction
9.2 North America FORTELION Battery Module Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America FORTELION Battery Module Market Size Forecast by Type
9.6.1 Separate
9.6.2 All-In-One
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America FORTELION Battery Module Market Size Forecast by Applications
9.10.1 Automobile
9.10.2 Robot
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe FORTELION Battery Module Analysis and Forecast
10.1 Introduction
10.2 Europe FORTELION Battery Module Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe FORTELION Battery Module Market Size Forecast by Type
10.6.1 Separate
10.6.2 All-In-One
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe FORTELION Battery Module Market Size Forecast by Applications
10.10.1 Automobile
10.10.2 Robot
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific FORTELION Battery Module Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific FORTELION Battery Module Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific FORTELION Battery Module Market Size Forecast by Type
11.6.1 Separate
11.6.2 All-In-One
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific FORTELION Battery Module Market Size Forecast by Applications
11.10.1 Automobile
11.10.2 Robot
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America FORTELION Battery Module Analysis and Forecast
12.1 Introduction
12.2 Latin America FORTELION Battery Module Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America FORTELION Battery Module Market Size Forecast by Type
12.6.1 Separate
12.6.2 All-In-One
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America FORTELION Battery Module Market Size Forecast by Applications
12.10.1 Automobile
12.10.2 Robot
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) FORTELION Battery Module Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) FORTELION Battery Module Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) FORTELION Battery Module Market Size Forecast by Type
13.6.1 Separate
13.6.2 All-In-One
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) FORTELION Battery Module Market Size Forecast by Applications
13.10.1 Automobile
13.10.2 Robot
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 FORTELION Battery Module Market: Competitive Dashboard
14.2 Global FORTELION Battery Module Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Murata
14.3.2 Sony
