Automotive Battery Management System Market - Growth, Size, Share, Forecast, industry Analysis 2019 - 2027

1. Automotive Battery Management System Market - Growth, Size, Share, Forecast, industry Analysis 2019 - 2027 Automotive Battery Management System Market Generated A Market Revenue Of US$ 3.20 Bn In 2018 According to a new market research report published by Credence Research, “Automotive Battery Management System MarketBy Battery Type (Lithium-Ion, Lead Acid, Ni-MH), By Vehicle Type (Battery Electric, Plug-In Hybrid, Full Hybrid, Others (Diesel, Gasoline, CNG)), By End-use (OEM, Aftermarket) and By Geography (North America, Europe, Asia Pacific, and Rest of the World)) - Growth, Future Prospects, and Competitive Landscape, 2019 -2027”, the global automotive battery management system market is expected to reach US$ 10.46 Bn by 2027, expanding at a CAGR of 14.2% during the forecast from 2019 to 2027. Browse Full Report Originally Published by Credence Research @ https://www.credenceresearch.com/report/automotive-battery-management-system-market Market Insights The battery management system plays a vital role in the automotive industry. Growing use of petroleum-based fuel and an increase in the number of internal combustion engine vehicles are pushing government bodies to enact rules and policies on electric and hybrid vehicles. In addition, the government provides incentives in the form of tax rebates, discounts, grants and fuel efficiency and emission standards to promote the use of environmentally friendly vehicles. The above factors are expected to drive the global market for automotive battery management systems. An increase in the number of electric vehicles, an increase in the optimum and safe need for energy- stored battery packs, the application of IoT and cloud computing technology are expected to boost demand for the automotive battery management system. For example, in July 2019, Bosch announced the creation of IoT-based swam intelligence to track batteries installed in EV systems, thereby increasing battery wear and tear by 20%. This feature allowed the smart software system is expected to drive the auto battery management system globally. You can get the sample copy of this research by Credence Research here @ https://www.credenceresearch.com/sample-request/60045 According to a survey conducted by the International Energy Agency (IEA) in 2018, the global electric car fleet has reached around 5.1 million, which is expected to drive the automotive battery management system market. The introduction of electric vehicles (EVs) and the need for battery production mean a higher demand for new products in the automotive sector, requiring increased attention to the battery management process. Improved adoption of electric vehicles (EVs) in tandem with government initiatives is expected to see significant growth in North America. Grants given by the U.S. The American Recovery and Reinvestment Act is also expected to drive market growth in the near future. Of example, according to the survey conducted by the Edison Electric Institute in March 2019, more than 1.18 million electric vehicles (EVs) were on the road in the U.S. market, raising market share revenue by 0.2 per cent from March 2018. In addition, Ford is offering the largest public charging station

2. (EV) of around 12,000 units in North America, including fast charging and charging plugs, representing global sales of 17 per cent of EVs on the U.S. market. You can get the sample copy of this research by Credence Research here @ https://www.credenceresearch.com/sample-request/60045 Some of the leading manufacturers profiled in the study include Continental AG, Robert Bosch GmbH, Intel Corporation, Midtronics, Inc., NXP Semiconductors NV, Toshiba Corporation, Johnson Matthey Plc., Analog Devices, Inc., Renesas Electronics Corporation and LG Chem Ltd. among others. About Us: Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task. Contact: Credence Research Inc Name: Chris Smith (Global Sales Manager) E-mail: sales@credenceresearch.com Ph: 1-800-361-8290 Web: https://www.credenceresearch.com