Increased adoption of Electric Vehicles and rise in data centres are the major factors propelling the India Battery Monitoring System Market growth in the forecast period.
According to TechSci Research report, India Battery Monitoring System Market – By Region, Competition Forecast & Opportunities, 2018-2028F, the India Battery Monitoring System Market is expected to register robust growth during the forecast period, 2024-2028. Battery monitoring systems are intended to inform users about common scenarios and battery or battery bank conditions. It also notifies the user of the current net charge or gross reserve available from the battery or battery bank. The Battery Management System (BMS) improves performance and ensures the safety of multi-cell battery packs. In many cases, specific damage to the battery can be easily monitored and necessary steps can be taken to protect the battery from major damage that impairs battery performance. As a result, battery monitoring improves overall battery life and efficiency. Battery monitoring systems typically monitor battery charge, discharge, and load, as well as AC mains frequency and voltage, ambient temperature, and battery temperature. The battery monitoring system also helps generate live reports of battery performance and generates alarms if faults are detected.
Servers, network systems, and storage resources are used in data centres to organize, store, and process data and knowledge. Data centres help companies complete their core applications. Various types of batteries, such as lithium-ion and lead-acid, are used in data centres to support UPS systems and provide long-term backup power. Proper battery monitoring in data centres is very important as battery failure can disrupt operations and lead to economic losses. As a result, an integrated battery monitoring system improves knowledge center operations and security.
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The India Battery Monitoring System Market is segmented into Component, Type, Battery Type, and End-User. Based on battery type, the market is divided into Lithium-Ion Based Battery, Lead-Acid Battery and Others. During the projected period, the Lithium-Ion Based Battery segment is expected to dominate the market in the forecast period of 2024-2028. High energy density is one of the main advantages of lithium-ion battery technology. Electronic devices such as mobile phones have to run longer and consume more power between charges, so there is a constant need for batteries with much higher energy densities.
In addition, there are many electric applications, from power tools to electric vehicles. The main advantage is the significantly higher power density of lithium-ion batteries. Electric vehicles also require energy-dense battery technology. A big advantage of lithium-ion batteries is that they require no maintenance to ensure their performance. Ni-Cad cells required periodic discharge to avoid exhibiting memory effects where lithium-ion batteries and cells are unaffected thus they don’t require any maintenance procedures. There are various types of lithium-ion batteries. Some types of lithium-ion batteries offer high current densities and are ideal for mobile consumer electronics. Others can deliver much higher currents and are ideal for power tools and electric vehicles.
Based on type, the market is divided into Wired Battery Monitoring System and Wireless Battery Monitoring System. During the projected period, the wireless battery monitoring system segment is expected to dominate the market in the forecast period. This is due to wireless devices enabling remote monitoring of operations as all activities. This can be controlled from a central location. Wired systems are used in applications with high levels of electrical interference, such as Data center.
Key market players in the India Battery Monitoring System Market:
- Mitsubishi Electric Corporation
- Fuji Electric Co., Ltd.
- Toshiba Corporation
- Infineon Technologies AG
- ON Semiconductor Corporation
- STMicroelectronics International N.V.
- Texas Instruments Incorporated.
- Renesas Electronics Corporation
- Vishay Intertechnology, Inc.
- NXP Semiconductors N.V.
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“Battery Monitoring Systems are mostly used in IT industries such as Data Centers making IT & Telecommunication a key industry to this market. They are also used in IT & Telecommunications, automobile industry and electric vehicles. South India is expected to be the dominating region during the forecast period due to the region being a hub for IT & Automobiles.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
India Battery Monitoring System market is segmented into Component, Type, Battery Type, End-User. Based on Component, the market is segmented into Hardware and Software. Based on Type, the market is segmented into Wired Battery Monitoring System and Wireless Battery Monitoring System. Based on Battery Type, the market is segmented into Lithium-Ion Based Battery, Lead-Acid Battery and Others. Based on End-User, the market is segmented into IT & Telecommunications, Energy, Automotive and Others. By Region, Competition Forecast & Opportunities, 2018-2028F has evaluated the future growth potential of India Battery Monitoring System Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities India Battery Monitoring System Market.
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