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Battery Management System Market Analysis By Battery Type (Lithium-Ion Based, Lead-Acid Based, Nickel Based, Flow Batteries), By Topology (Centralized, Distributed, Modular), By Application And Segment Forecasts, 2014 - 2025

Mar 01, 2017 - PR Newswire

The global Battery Management System (BMS) market size is anticipated to reach USD 11.17 billion by 2025, according to a new report by Grand View Research, Inc. The growing trend of renewable energy generation was driven by the increasing concerns of climate change across the globe. Additionally, the decreasing prices of solar photovoltaic cells, favorable government incentives, and the declining costs of batteries are likely to increase the renewable energy generation.

However, the energy...