Market Overview:
The global multicell battery stack monitor market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric and hybrid vehicles, grid energy storage, backup battery systems, and high power portable equipment. Additionally, the growing awareness about the benefits of using multicell battery stack monitors is also contributing to the market growth. However, fluctuations in prices of raw materials used in manufacturing these monitors may restrain the market growth.
Product Definition:
A multicell battery stack monitor is a device used to measure the voltage and current of each battery cell in a stack. This information can be used to determine the health of the cells and whether or not they are balanced. The importance of using a multicell battery stack monitor is that it can help prevent damage to the batteries from unbalanced charging or discharging.
6 Channels:
6 channels is a technology that allows the battery to monitor and manage individual cells in a multicellular battery. It helps in preventing one cell from affecting the performance of other cells. The 6-channel Battery Stack Monitor market is driven by factors such as growing demand for advanced batteries, need for safety during handling of high voltage batteries, and increasing awareness among consumers regarding maintenance of battery health.
8 Channels:
8 channels is a technology that allows monitoring of individual cells in a multicell battery. It helps to identify problems such as changes in voltage, current and capacity of each cell. 8 Channels Battery Monitoring System (BCMS) monitors individual cells using advanced digital electronics inside the battery pack. The system provides real-time information about the health status of each cell which can be used to prevent failures and reduce repair costs by timely replacing dead or faulty batteries.
Application Insights:
The electric vehicles application segment accounted for the largest revenue share in 2016 and is projected to continue leading over the forecast period. The increasing need for energy storage solutions in electric vehicles to improve range anxiety has led to an increased focus on multicell battery stack monitor systems. These systems provide critical information regarding battery health, voltage, current and temperature through digital interfaces which are being adopted by major automotive players globally.
Electric vehicle manufacturers such as Tesla have been focusing on providing a full digital interface between the car¢â‚¬â„¢s computer system and its batteries so that each of them can operate at optimum capacity. This trend is expected to continue as hybrid vehicle manufacturers understand that these multicell monitoring devices deliver crucial information regarding engine health without requiring any physical contact with sensors or ECU within the engine compartment area where temperatures rise during operation of an automobile motor unit assembly (engine).
Regional Analysis:
The market in Asia Pacific and MEA is anticipated to grow at a significant rate over the forecast period. The growth of these regions can be attributed to increasing demand for advanced energy storage systems, rising adoption of electric vehicles, and growing need for power backup applications. Increasing investments by governments in developing countries such as China and India are expected to boost the regional market growth over the forecast period. For instance,in 2015-2016,China invested around USD X billion on renewable energy which includes wind power capacity expansion of 77 GW (gigawatts)and solar photovoltaic installation expansionof 17 GW respectively). Such huge investments made by governments in developing countries are expected to drive industry growth over the next eight years or so.
In North America region also known as home base for major automotive companies such as Ford Motors Co., General Motors Company; key battery manufacturers including Exide Corporation; Johnson Controls Inc.; Panasonic Corporation;Sylvania Electric Products Inc.
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 the demand for multicell battery stack monitors, as they are used in electric vehicles.
- Growing popularity of renewable energy sources: Renewable energy sources such as solar and wind power are becoming increasingly popular due to their environmental benefits. This is leading to an increase in the installation of solar and wind farms, which will drive the growth of the multicell battery stack monitor market.
- Rising investment in smart grid infrastructure: Governments around the world are investing heavily in smart grid infrastructure projects as they seek to modernize their electricity grids and make them more efficient. This will lead to an increase in demand for multicell battery stack monitors, as they are essential components of smart grids.
Scope Of The Report
Report Attributes
Report Details
Report Title
Multicell Battery Stack Monitor Market Research Report
By Type
6 Channels, 8 Channels, 36 Channels
By Application
Electric,Hybrid Vehicles, Grid Energy Storage, Backup Battery Systems, High Power Portable Equipment
By Companies
ADI, Maxim Integrated, Texas Instruments, Intersil, NXP, STMicroelectronics, Infineon
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
134
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Multicell Battery Stack Monitor Market Report Segments:
The global Multicell Battery Stack Monitor market is segmented on the basis of:
Types
6 Channels, 8 Channels, 36 Channels
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
Electric,Hybrid Vehicles, Grid Energy Storage, Backup Battery Systems, High Power Portable Equipment
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:
- ADI
- Maxim Integrated
- Texas Instruments
- Intersil
- NXP
- STMicroelectronics
- Infineon
Highlights of The Multicell Battery Stack Monitor 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:
- 6 Channels
- 8 Channels
- 36 Channels
- By Application:
- Electric,Hybrid Vehicles
- Grid Energy Storage
- Backup Battery Systems
- High Power Portable Equipment
- 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 Multicell Battery Stack Monitor 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
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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?
Multicell battery stack monitor is a software that monitors the health of multiple batteries in a battery stack. It can identify problems with individual batteries, as well as issues with the entire battery stack. Multicell battery stack monitor can also provide information on how long each battery will last before it needs to be replaced.
Some of the key players operating in the multicell battery stack monitor market are ADI, Maxim Integrated, Texas Instruments, Intersil, NXP, STMicroelectronics, Infineon.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Multicell Battery Stack Monitor 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 Multicell Battery Stack Monitor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Multicell Battery Stack Monitor 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 Multicell Battery Stack Monitor 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 Multicell Battery Stack Monitor Market Size & Forecast, 2018-2028
4.5.1 Multicell Battery Stack Monitor Market Size and Y-o-Y Growth
4.5.2 Multicell Battery Stack Monitor Market Absolute $ Opportunity
Chapter 5 Global Multicell Battery Stack Monitor 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 Multicell Battery Stack Monitor Market Size Forecast by Type
5.2.1 6 Channels
5.2.2 8 Channels
5.2.3 36 Channels
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Multicell Battery Stack Monitor 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 Multicell Battery Stack Monitor Market Size Forecast by Applications
6.2.1 Electric
6.2.2 Hybrid Vehicles
6.2.3 Grid Energy Storage
6.2.4 Backup Battery Systems
6.2.5 High Power Portable Equipment
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Multicell Battery Stack Monitor 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 Multicell Battery Stack Monitor 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 Multicell Battery Stack Monitor Analysis and Forecast
9.1 Introduction
9.2 North America Multicell Battery Stack Monitor 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 Multicell Battery Stack Monitor Market Size Forecast by Type
9.6.1 6 Channels
9.6.2 8 Channels
9.6.3 36 Channels
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 Multicell Battery Stack Monitor Market Size Forecast by Applications
9.10.1 Electric
9.10.2 Hybrid Vehicles
9.10.3 Grid Energy Storage
9.10.4 Backup Battery Systems
9.10.5 High Power Portable Equipment
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 Multicell Battery Stack Monitor Analysis and Forecast
10.1 Introduction
10.2 Europe Multicell Battery Stack Monitor 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 Multicell Battery Stack Monitor Market Size Forecast by Type
10.6.1 6 Channels
10.6.2 8 Channels
10.6.3 36 Channels
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 Multicell Battery Stack Monitor Market Size Forecast by Applications
10.10.1 Electric
10.10.2 Hybrid Vehicles
10.10.3 Grid Energy Storage
10.10.4 Backup Battery Systems
10.10.5 High Power Portable Equipment
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 Multicell Battery Stack Monitor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Multicell Battery Stack Monitor 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 Multicell Battery Stack Monitor Market Size Forecast by Type
11.6.1 6 Channels
11.6.2 8 Channels
11.6.3 36 Channels
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 Multicell Battery Stack Monitor Market Size Forecast by Applications
11.10.1 Electric
11.10.2 Hybrid Vehicles
11.10.3 Grid Energy Storage
11.10.4 Backup Battery Systems
11.10.5 High Power Portable Equipment
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 Multicell Battery Stack Monitor Analysis and Forecast
12.1 Introduction
12.2 Latin America Multicell Battery Stack Monitor 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 Multicell Battery Stack Monitor Market Size Forecast by Type
12.6.1 6 Channels
12.6.2 8 Channels
12.6.3 36 Channels
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 Multicell Battery Stack Monitor Market Size Forecast by Applications
12.10.1 Electric
12.10.2 Hybrid Vehicles
12.10.3 Grid Energy Storage
12.10.4 Backup Battery Systems
12.10.5 High Power Portable Equipment
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) Multicell Battery Stack Monitor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Multicell Battery Stack Monitor 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) Multicell Battery Stack Monitor Market Size Forecast by Type
13.6.1 6 Channels
13.6.2 8 Channels
13.6.3 36 Channels
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) Multicell Battery Stack Monitor Market Size Forecast by Applications
13.10.1 Electric
13.10.2 Hybrid Vehicles
13.10.3 Grid Energy Storage
13.10.4 Backup Battery Systems
13.10.5 High Power Portable Equipment
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 Multicell Battery Stack Monitor Market: Competitive Dashboard
14.2 Global Multicell Battery Stack Monitor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ADI
14.3.2 Maxim Integrated
14.3.3 Texas Instruments
14.3.4 Intersil
14.3.5 NXP
14.3.6 STMicroelectronics
14.3.7 Infineon
