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Battery Monitoring System Market by Component (Hardware, Software), Type (Wired, Wireless), Battery Type (Lithium-Ion Based, Lead-Acid), End-User (Telecommunications, Automotive, Energy, Industries), and Region - Global Forecast to 2022

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Date: 09-Feb-2018
No. of pages: 139
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“The battery monitoring system market is projected to grow at a CAGR of 18.23%, from 2017 to 2022.”

The battery monitoring system market is projected to reach USD 5.47 billion by 2022, from an estimated USD 2.37 billion in 2017, at a CAGR of 18.23%, during the forecast period. The need to prevent unplanned outages, increasing demand for electric vehicles, and improved operational efficiency of batteries have boosted the demand for battery monitoring systems. In addition, increasing renewable power generation and the growing use of battery monitoring systems in data center applications would further aid the growth of this market. The high costs of battery monitoring systems for larger battery solutions would act as a restraint for the battery monitoring system market.   

‘The hardware segment is expected to grow at the highest CAGR, from 2017 to 2022.”

The hardware segment is estimated to be the fastest-growing battery monitoring system market, by component, from 2017 to 2022. The growth of this segment can be attributed to simple installation, reduced need of cabling, and fast data sampling of components such as sensors, hub, and controllers. Asia Pacific and North America are the key markets for hardware due to the rising demand for monitoring the state of health and state of charge of batteries with the help of hardware components. All these factors are expected to drive the battery monitoring system market during the forecast period.

“The wired segment is expected to dominate the battery monitoring system market, from 2017 to 2022.”

The wired segment is estimated to be the larger market for battery monitoring systems in 2017. Wired systems are used in applications where there is more electrical interference such as datacenters, which is expected to be the largest end-user segment of battery monitoring systems.

“North America: the largest market for battery monitoring systems.”

North America is expected to be the largest market for battery monitoring systems in 2017, followed by Asia Pacific and Europe. The market in North America is driven by rising electric vehicle sales, growing investments in datacenters, and rising renewable power generation capacities in the region. It is projected to grow at the second-fastest rate during the forecast period. The US and Canada are estimated to be the largest markets for battery monitoring systems in the region. For instance, investments in datacenters in the US was around US 18.2 million in 2017 which is double the amount invested in 2016. Canada’s new wind energy projects represented about USD 1.5 billion in 2016 and, by 2017, the country is expected to install approximately 700 MW of new wind energy capacity as stated by the Canadian Wind Energy Association (Can WEA).All these factors are expected to boost the growth of the battery monitoring system market in North America.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:


  • By Company Type: Tier 1- 10%, Tier 2- 40%, Tier 3- 50%

  • By Designation: C-Level- 10%, D-Level- 10%, Others- 80%

  • By Region: Asia Pacific- 60%,North America- 10%, Europe- 10%, Middle East & Africa- 10%, South America- 10%,


Note: The tier of the companies has been defined on the basis of their total revenue; as of 2016: Tier 1 = > USD 10 billion, Tier 2 = from USD 1 billion to USD 10 billion, and Tier 3 = < USD 1 billion.

The leading players in the battery monitoring system market include NDSL (UK), Texas Instruments (US), Power Shield (New Zealand), Battery DAQ (US), Canara (US), and Eagle Eye (US).

Research Coverage:

The report defines, describes, and forecasts the global battery monitoring system market by component, type, battery type, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market.  

Why Buy this Report?


  • The report identifies and addresses the key markets for battery monitoring systems, which would help suppliers review the growth in demand for the product.

  • The report helps solutions providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.

  • The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.

Battery Monitoring System Market by Component (Hardware, Software), Type (Wired, Wireless), Battery Type (Lithium-Ion Based, Lead-Acid), End-User (Telecommunications, Automotive, Energy, Industries), and Region - Global Forecast to 2022

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regional Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Battery Monitoring System Market, By Country
4.2 Battery Monitoring System Market, By Component
4.3 Battery Monitoring System Market, By Type
4.4 Battery Monitoring System Market, By Battery Type
4.5 Battery Monitoring System Market, By End-User
4.6 North America Battery Monitoring System Market, By Country and Battery Type

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Preventing Unplanned Outages
5.2.1.2 Increased Operational Efficiency of Batteries
5.2.1.3 Rising Demand for Electric Vehicles
5.2.2 Restraints
5.2.2.1 High Cost of Battery Monitoring Systems for Larger Battery Solutions
5.2.3 Opportunities
5.2.3.1 Rising Demand for Battery Monitoring Systems for Datacenter Applications
5.2.3.2 Increasing Renewable Power Generation
5.2.4 Challenges
5.2.4.1 Presence of A Large Number of Local and Regional Players

6 Battery Monitoring System Market, By Component
6.1 Introduction
6.2 Hardware
6.3 Software

7 Battery Monitoring System Market, By Type
7.1 Introduction
7.2 Wired Battery Monitoring System
7.3 Wireless Battery Monitoring System

8 Battery Monitoring System Market, By Battery Type
8.1 Introduction
8.2 Lithium-Ion Based Battery
8.3 Lead-Acid Battery
8.4 Others

9 Battery Monitoring System Market, By End-User
9.1 Introduction
9.2 Telecommunications
9.3 Energy
9.4 Automotive
9.5 Industries
9.6 Others

10 Battery Monitoring System Market, By Region
10.1 Introduction
10.2 North America
10.2.1 By Component
10.2.2 By Type
10.2.3 By Battery Type
10.2.4 By End-User
10.2.5 By Country
10.2.5.1 US
10.2.5.2 Canada
10.2.5.3 Mexico
10.3 Asia Pacific
10.3.1 By Component
10.3.2 By Type
10.3.3 By Battery Type
10.3.4 By End-User
10.3.5 By Country
10.3.5.1 China
10.3.5.2 Japan
10.3.5.3 India
10.3.5.4 South Korea
10.3.5.5 Rest of Asia Pacific
10.4 Europe
10.4.1 By Component
10.4.2 By Type
10.4.3 By Battery Type
10.4.4 By End-User
10.4.5 By Country
10.4.5.1 Germany
10.4.5.2 UK
10.4.5.3 France
10.4.5.4 Italy
10.4.5.5 Rest of Europe
10.5 Middle East & Africa
10.5.1 By Component
10.5.2 By Type
10.5.3 By Battery Type
10.5.4 By End-User
10.5.5 By Country
10.5.5.1 South Africa
10.5.5.2 Saudi Arabia
10.5.5.3 Rest of the Middle East & Africa
10.6 South America
10.6.1 By Component
10.6.2 By Type
10.6.3 By Battery Type
10.6.4 By End-User
10.6.5 By Country
10.6.5.1 Brazil
10.6.5.2 Rest of South America

11 Competitive Landscape
11.1 Overview
11.2 Ranking of Players Analysis
11.3 Competitive Scenario
11.3.1 Contracts & Agreements
11.3.2 New Product Launches
11.3.3 Investments & Expansions
11.3.4 Partnerships

12 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
12.1 Benchmarking
12.2 NDSL
12.3 Texas Instruments
12.4 Powershield
12.5 Batterydaq
12.6 Canara
12.7 Eagle Eye
12.8 HBL
12.9 Btech
12.10 SBS
12.11 Schneider Electric
12.12 ABB
12.13 Socomec
12.14 Curtis

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Introducing RT: Real-Time Market Intelligence
13.5 Available Customizations
13.6 Related Reports
13.7 Author Details

List of Tables

Table 1 Global Battery Monitoring System Market Snapshot
Table 2 Battery Monitoring System Market Size, By Component, 2015–2022 (USD Billion)
Table 3 Hardware: Battery Monitoring System Market Size, By Region, 2015–2022 (USD Million)
Table 4 Software: Battery Monitoring System Market Size, By Region, 2015–2022 (USD Million)
Table 5 Battery Monitoring System Market Size, By Type, 2015–2022 (USD Million)
Table 6 Wired: Battery Monitoring System Market Size, By Region, 2015–2022 (USD Million)
Table 7 Wireless: Battery Monitoring System Market Size, By Region, 2015–2022 (USD Million)
Table 8 Battery Monitoring System Market Size, By Battery Type, 2015–2022 (USD Million)
Table 9 Lithium-Ion Based: Battery Monitoring System Market Size, By Region, 2015–2022 (USD Million) )
Table 10 Lead-Acid Battery: Battery Monitoring System Market Size, By Region, 2015–2022 (USD Million)
Table 11 Others: Battery Monitoring System Market Size, By Region, 2015–2022 (USD Million)
Table 12 Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 13 Telecommunications: Battery Monitoring System Market Size, By Region, 2017–2022 (USD Million)
Table 14 Energy: Battery Monitoring System Market Size, By Region, 2015–2022 (USD Million)
Table 15 Automotive: Battery Monitoring System Market Size, By Region, 2015–2022 (USD Million)
Table 16 Industries: Battery Monitoring System Market Size, By Region, 2015–2022 (USD Million)
Table 17 Others: Battery Monitoring System Market Size, By Region, 2015–2022 (USD Million)
Table 18 Battery Monitoring System Market Size, By Region, 2015–2022 (USD Million)
Table 19 North America: Battery Monitoring System Market Size, By Component, 2015–2022 (USD Million)
Table 20 North America: Battery Monitoring System Market Size, By Type, 2015–2022 (USD Million)
Table 21 North America: Battery Monitoring System Market Size, By Battery Type, 2015–2022 (USD Million)
Table 22 North America: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 23 North America: Battery Monitoring System Market Size, By Country, 2015–2022 (USD Billion)
Table 24 US: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 25 Canada: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 26 Mexico: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 27 Asia Pacific: Battery Monitoring System Market Size, By Component, 2015–2022 (USD Million)
Table 28 Asia Pacific: Battery Monitoring System Market Size, By Type, 2015–2022 (USD Million)
Table 29 Asia Pacific: Battery Monitoring System Market Size, By Battery Type, 2015–2022 (USD Million)
Table 30 Asia Pacific: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 31 Asia Pacific: Battery Monitoring System Market Size, By Country, 2015–2022 (USD Billion)
Table 32 China: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 33 Japan: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 34 India: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 35 South Korea: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 36 Rest of Asia Pacific: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 37 Europe: Battery Monitoring System Market Size, By Component, 2015–2022 (USD Million)
Table 38 Europe: Battery Monitoring System Market Size, By Type, 2015–2022 (USD Million)
Table 39 Europe: Battery Monitoring System Market Size, By Battery Type, 2015–2022 (USD Million)
Table 40 Europe: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 41 Europe: Battery Monitoring System Market Size, By Country, 2015–2022 (USD Billion)
Table 42 Germany: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 43 UK: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 44 France: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 45 Italy: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 46 Rest of Europe: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 47 Middle East & Africa: Battery Monitoring System Market Size, By Component, 2015–2022 (USD Million)
Table 48 Middle East & Africa: Battery Monitoring System Market Size, By Type, 2015–2022 (USD Million)
Table 49 Middle East & Africa: Battery Monitoring System Market Size, By Battery Type, 2015–2022 (USD Million)
Table 50 Middle East & Africa: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 51 Middle East & Africa: Battery Monitoring System Market Size, By Country, 2015–2022 (USD Billion)
Table 52 South Africa: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 53 Saudi Arabia: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 54 Rest of the Middle East: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 55 South America: Battery Monitoring System Market Size, By Component, 2015–2022 (USD Million)
Table 56 South America: Battery Monitoring System Market Size, By Type, 2015–2022 (USD Million)
Table 57 South America: Battery Monitoring System Market Size, By Battery Type, 2015–2022 (USD Million)
Table 58 South America: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 59 South America: Battery Monitoring System Market Size, By Country, 2015–2022 (USD Billion)
Table 60 Brazil: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Million)
Table 61 Rest of South America: Battery Monitoring System Market Size, By End-User, 2015–2022 (USD Thousand)
Table 62 Developments By Key Players in the Market, 2014–2017

List of Figures

Figure 1 Battery Monitoring System Market Research Design
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Data Triangulation Methodology
Figure 5 Assumptions of Research Study
Figure 6 North America Held the Largest Share in the Battery Monitoring System Market in 2016
Figure 7 Hardware Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 8 Wired Segment Dominated the Battery Monitoring System Market in 2016
Figure 9 Lithium-Ion Based Segment is Expected to Dominate the Battery Monitoring System Market From 2017 to 2022
Figure 10 Telecommunications Segment is Expected to Dominate the Battery Monitoring System Market During the Forecast Period
Figure 11 Attractive Opportunities in the Battery Monitoring System Market, 2017–2022
Figure 12 China to Grow at the Fastest Rate in the Global Battery Monitoring System Market During the Forecast Period
Figure 13 Hardware Segment is Expected to Grow at the Fastest Rate During the Forecast Period
Figure 14 Wired Segment is Estimated to Dominate the Battery Monitoring System Market in 2017
Figure 15 Lithium–Ion-Based Segment Dominated the Market in 2016, While North America Dominated the Lithium–Ion Based Segment in the Same Year
Figure 16 Telecommunications Segment is Expected to Dominate the Battery Monitoring System Market in 2017
Figure 17 US Accounted for the Largest Share of the North American Battery Monitoring System Market in 2016
Figure 18 Drivers, Restraints, Opportunities, & Challenges
Figure 19 Root Causes of Unplanned Outages, (2010, 2013, & 2016)
Figure 20 Electric Car Sales, By Country, 2016 (Thousand Units)
Figure 21 Percentage Cost Structure of Unplanned Datacenter Outages (2010, 2013, & 2016)
Figure 22 Global Installed Renewable Power Generation Capacity, By Region, 2015 & 2016
Figure 23 The Hardware Segment is Expected to Be the Largest During the Forecast Period
Figure 24 North America Dominated the Hardware Segment During the Forecast Period
Figure 25 Wireless Segment is Expected to Grow at the Fastest CAGR in the Battery Monitoring System Market During the Forecast Period
Figure 26 Wired Battery Monitoring System Segment, By Region, 2017–2022 (USD Million)
Figure 27 Lithium-Ion Based is Expected to Be the Fastest Growing Segment in the Battery Monitoring System Market During the Forecast Period
Figure 28 Asia Pacific: the Fastest Growing Battery Monitoring System Market in the Lithium-Ion Based Segment, 2017–2022
Figure 29 The Telecommunications Segment is Expected to Be the Largest Market for Battery Monitoring System During the Forecast Period
Figure 30 Telecommunications: Battery Monitoring System Market Size, By Region, 2017 vs 2022 (USD Million)
Figure 31 North America Dominated the Battery Monitoring System Market in the Energy Segment in 2016
Figure 32 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 33 North America Led the Battery Monitoring System Market in 2016
Figure 34 North America: Market Snapshot
Figure 35 Asia Pacific: Market Snapshot
Figure 36 Key Developments in the Battery Monitoring System Market During 2014-2017
Figure 37 Ranking of Players, 2016
Figure 38 TI: Company Snapshot
Figure 39 HBL: Company Snapshot
Figure 40 Schneider Electric: Company Snapshot
Figure 41 ABB: Company Snapshot

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