Dublin, June 15, 2021 (GLOBE NEWSWIRE) — The “Battery Management System Market Research Report: By Battery Type, Connectivity, Topology, Vertical – Global Industry Analysis and Forecast to 2030 – Global Industry Analysis and Demand Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.
Global battery management system market value is projected to grow from $5,661.0 million in 2020 to $22,279.6 million by 2030, at a 15.0% CAGR between 2021 and 2030
New Zealand joined the Electric Vehicles (EV) Initiative in 2019, aiming to become a carbon-free economy by 2050. With other countries around the world too taking such initiative to check the rate of environmental degradation, the demand for EVs is booming.
This is because the key component of EVs is the battery, which provides them with the propulsive power. The battery management system is needed to control and track the charging and discharging process, monitor the health of the battery, and provide information on the amount of charge remaining. Thus, the declining prices of automotive batteries, especially…
