Press release
Battery Management ICS Market Analysis, Top Companies, Scope, Demand, Opportunity Till 2033
According to the battery management ICs market analysis done by Persistence Market Research, demand registered in the market is predicted to increase at a steady CAGR of around 5.1% from 2022-2032. The report states that the market is expected to reach a valuation of US$ 4.47 Bn in 2022. Surge in demand for hybrid electric vehicles is expected to drive demand growth of battery management ICs over the coming years.
Rise in the incorporation of battery management ICs in battery management systems stems from increasing stringent government regulations w.r.t to carbon emissions from traditional fuel vehicles with rising demand for renewable energy storage systems. Moreover, several industries are inclining toward the adoption of battery management ICs for overcharging prevention, thermal management, and controlling and optimization of charging cycles.
Request the sample copy of report @ https://www.persistencemarketresearch.com/samples/23305
Key Takeaways from Market Study
• By IC type, battery charger ICs accounted for a leading share in the global market in 2021 and the segment is estimated to expand at a robust CAGR of 5.4% through 2032.
• By application, the automotive segment is anticipated to increase at a CAGR of 6.7% between 2022 and 2032.
• East Asia dominates the battery management ICs market, followed by North America. South Asia & Pacific is expected to be the fastest-growing regional marker.
• The market in the U.S. is expected to progress at a CAGR of 6.1% during the forecast period.
• In India, the battery management ICs market is expected to grow 2.4X by 2032.
• The market in China is estimated to witness an absolute opportunity of US$ 292.9 Mn over the decade.
"To meet the increasing demand for technologically-advanced renewable products, organizations need to adopt energy-efficient battery systems, thereby lead to increased investments and awareness about battery management ICs," says a Persistence Market Research analyst.
For In-Depth Competitive Analysis, Buy Now @ https://www.persistencemarketresearch.com/checkout/23305
Rise in Number of Data Centers Fueling Demand for Battery Management ICs
Demand for data center infrastructure is growing exponentially with the rise in data consumption, cloud adoption, and ever-increasing digital users. Increasing requirement for power optimization in existing and new data centers with rapid growth in tier-4 type data is augmenting market growth. Efficient battery optimization under safe operating conditions with cost optimization is a prominent driver for market growth.
Rising demand for data centers to enjoy enormous uninterrupted power supply with nearly 100% uptime and reduced material and technology cost will also add to the demand growth of battery management ICs.
Key Players :
• STMicroelectronics
• Infineon Technologies
• Texas Instruments
• Maxim Integrated
• Microchip Technology
• Diodes Incorporated
• Panasonic Industry Co. Ltd.
• Analog Devices
• Eutech Microelectronics
• Rohm Semiconductor
• Renesas Electronics
• LAPIS Technology Co., Ltd.
More Valuable Insights on Offer
Persistence Market Research's report on the battery management ICs market is segmented into three major sections - IC type (battery charger ICs, battery authentication ICs, battery fuel gauge ICs, battery protector ICs, and others) application (automotive, industrial equipment, medical devices, consumer electronics, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa).
Request For Report Customization @ https://www.persistencemarketresearch.com/request-customization/23305
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About us:
Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
Rise in the incorporation of battery management ICs in battery management systems stems from increasing stringent government regulations w.r.t to carbon emissions from traditional fuel vehicles with rising demand for renewable energy storage systems. Moreover, several industries are inclining toward the adoption of battery management ICs for overcharging prevention, thermal management, and controlling and optimization of charging cycles.
Request the sample copy of report @ https://www.persistencemarketresearch.com/samples/23305
Key Takeaways from Market Study
• By IC type, battery charger ICs accounted for a leading share in the global market in 2021 and the segment is estimated to expand at a robust CAGR of 5.4% through 2032.
• By application, the automotive segment is anticipated to increase at a CAGR of 6.7% between 2022 and 2032.
• East Asia dominates the battery management ICs market, followed by North America. South Asia & Pacific is expected to be the fastest-growing regional marker.
• The market in the U.S. is expected to progress at a CAGR of 6.1% during the forecast period.
• In India, the battery management ICs market is expected to grow 2.4X by 2032.
• The market in China is estimated to witness an absolute opportunity of US$ 292.9 Mn over the decade.
"To meet the increasing demand for technologically-advanced renewable products, organizations need to adopt energy-efficient battery systems, thereby lead to increased investments and awareness about battery management ICs," says a Persistence Market Research analyst.
For In-Depth Competitive Analysis, Buy Now @ https://www.persistencemarketresearch.com/checkout/23305
Rise in Number of Data Centers Fueling Demand for Battery Management ICs
Demand for data center infrastructure is growing exponentially with the rise in data consumption, cloud adoption, and ever-increasing digital users. Increasing requirement for power optimization in existing and new data centers with rapid growth in tier-4 type data is augmenting market growth. Efficient battery optimization under safe operating conditions with cost optimization is a prominent driver for market growth.
Rising demand for data centers to enjoy enormous uninterrupted power supply with nearly 100% uptime and reduced material and technology cost will also add to the demand growth of battery management ICs.
Key Players :
• STMicroelectronics
• Infineon Technologies
• Texas Instruments
• Maxim Integrated
• Microchip Technology
• Diodes Incorporated
• Panasonic Industry Co. Ltd.
• Analog Devices
• Eutech Microelectronics
• Rohm Semiconductor
• Renesas Electronics
• LAPIS Technology Co., Ltd.
More Valuable Insights on Offer
Persistence Market Research's report on the battery management ICs market is segmented into three major sections - IC type (battery charger ICs, battery authentication ICs, battery fuel gauge ICs, battery protector ICs, and others) application (automotive, industrial equipment, medical devices, consumer electronics, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa).
Request For Report Customization @ https://www.persistencemarketresearch.com/request-customization/23305
Trending Reports -
Sales Analytics Software Market - https://www.persistencemarketresearch.com/market-research/sales-analytics-software-market.asp
Auto Repair Software Market - https://www.persistencemarketresearch.com/market-research/auto-repair-software-market.asp
Construction Estimating Software Market - https://www.persistencemarketresearch.com/market-research/construction-estimating-software-market.asp
Europe Managed Learning Services Market - https://www.persistencemarketresearch.com/market-research/europe-managed-learning-services-market.asp
About us:
Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
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