Automotive Relay Market Is Expected to Reach USD 12.58 Billion by 2020

Global Automotive Relay Market is expected to reach USD 12.58 billion by 2020, according to a new study by Grand View Research, Inc. Electrical automotive parts have significantly diversified over the last five years which has consequently increased the number of switching relays from 20 to approximately 30 per vehicle. Variation in features required for each relay has also undergone considerable transition to address different specifications required for different applications.

Regulatory boards worldwide, for instance The National Highway Traffic Safety Administration in the U.S., have mandated installation of certain safety equipment in automobiles to curb fatalities resulting from road accidents. Additional relays needed for switching safety devices is expected to favorably impact automotive relay market growth.

Lack of standardization in the automotive industry, particularly in developing countries is expected to pose a challenge to market growth. However, efforts have been taken on a global scale to standardize the automotive industry, owing to which the market is not expected to be impacted in the long run.

Full Research Report on Global Automotive Relay Market Analysis:
http://www.grandviewresearch.com/industry-analysis/automotive-relay-market

Further key findings from the study suggest:

• Global automotive relay demand was estimated to be 2.62 billion units in 2013 and is expected to reach 3.69 billion units by 2020, growing at a CAGR of 5.1% from 2014 to 2020.
• Increased emphasis on automobile weight reduction to enhance fuel efficiency has driven PCB automotive relays demand owing to their growing miniaturization and improved current handling capabilities. PCB relays accounted for over 70% of the global shipments. Conventional plug-in relays are still preferred in powertrain systems due to their inherent robustness and ability to withstand high temperatures, voltage fluctuations and vibrations.
• Convenience applications accounted for over 30% of the market volume in 2013. Growing emphasis on in-vehicle entertainment and comfort systems has triggered the use of relays for switching these devices. Installation of safety & security systems is expected to witness high growth over the forecast period owing to increased government regulation pertaining to vehicular safety, which in-turn is expected to drive relay installations. Use of relays in driver information systems is expected to increase significantly over the forecast period.
• Transformation of Asia Pacific into an automobile manufacturing hub has driven the automotive relay market in this region, which contributed to a considerable percentage of global shipments in 2013. The North American market is expected to witness steady growth over the forecast period.
• PCB relay manufacturers have tapped new potential markets and launched new product lines in order to diversify. Growing number of strategic alliances and mergers & acquisitions for gaining competitive advantage has been a highlight of the automotive relay industry.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/semiconductors

For the purpose of this study, Grand View Research has segmented the Global Automotive Relay Market on the basis of product, application, and region:

Automotive Relay Product Outlook (Volume, Million Units & Revenue, USD Million; 2012 – 2020)
    • PCB relay
    • Plug-in relay
Automotive Relay Application Outlook (Volume, Million Units & Revenue, USD Million; 2012 – 2020)
    • Powertrain Systems
    • Body & Chassis
    • Convenience
    • Safety & Security
    • Driver Information Systems
Automotive Relay Regional Outlook (Volume, Million Units & Revenue, USD Million; 2012 – 2020)
    • North America
    • Europe
    • Asia Pacific
    • RoW

View Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-automotive-relay-market                            

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Automotive Refinish Coatings Market Analysis by Resin Type, Technology, Product, Vehicle Age And Segment Forecast Up To 2024

Global Automotive Refinish Coatings Market is expected to reach USD 14.88 billion by 2024, according to a new report by Grand View Research, Inc. Rising demand for automotive refinish coatings as they improve the durability and enhance the appearance of vehicles will fuel market growth over the next eight years. Furthermore, aging of vehicles, rising demand for repair, maintenance, and aftermarket modifications will augment product demand over the forecast period. 

The waterborne technology was valued at USD 3.40 billion in 2015 and is expected to witness significant rise on account of excellent heat resistance, adhesion, and abrasion properties. 

Furthermore, its advantage over solvent borne coatings including less toxicity, less flammability, and reduction of air emissions will propel market growth over the forecast period. 

The basecoat is expected to witness significant revenue rise at a CAGR of 6.9% from 2016 to 2024 over the forecast period as it provides color, decorative effects and exterior aesthetic to vehicles.Increasing demand for solid basecoats in motorcycles, trucks and cars owing to the ease of application coupled with basic color effect will increase industry size. 

Full Research Report on Global Automotive Refinish Coatings Market Analysis:
http://www.grandviewresearch.com/industry-analysis/automotive-refinish-coatings-market

Further key findings from the report suggest:

• Global automotive refinish coatings market demand was 916.4 kilo tons in 2015 and is expected to witness high gains in light of growing vehicle sales in China, India, and Mexico
• Acrylics was a prominent segment and accounted for 21.1% of the overall volume in 2015. The product will show growth in light of its high usage in waterborne technology. Furthermore, superior properties including resistance to stain, blistering, cracking, and extreme temperatures will fuel its demand over the forecast period.
• North America accounted for 22.8% of the global revenue share in 2015 and is expected to witness significant gains in light of growing need for repair, maintenance, and customization over the upcoming years.
• Latin America will witness significant revenue growth at a CAGR of 6.6% from 2016 to 2024 as a result of increasing automotive vehicle sales in Argentina, Brazil, and Columbia. Prevalence of road accidents along with the growing trend of recreational vehicles in Brazil will fuel industry expansion.
• Automotive refinish coatings industry is dominated by key participants including BASF, Axalta Coating Systems, PPG Industries, AkzoNobel, and Sherwin-Williams. Ongoing product development by various companies to manufacture high-performance and cost-efficient coatings is expected to augment product consumption over the next eight years.
• In December 2015, PPG Industries in collaboration with Asian Paints introduced product line of environment base high performance waterborne automotive refinished paint in Sri Lanka to expand the customer base

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins

Grand View Research has segmented the Global Automotive Refinish Coatings Market on the basis of resin type, technology, product, vehicle age, and region:

Global Automotive Refinish Coatings Resin Type Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

• Acrylic
• Alkyd
• Polyurethane
• Others

Global Automotive Refinish Coatings Technology Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

• Solventborne
• Waterborne
• UV-Cured

Global Automotive Refinish Coatings Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

• Primer
• Filler
• Basecoat
• Topcoat
• Others

Global Automotive Refinish Coatings Vehicle Age Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

• <5
• 5-10
• >10

Global Automotive Refinish Coatings Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

• North America
• U.S.
• Europe
• Germany
• UK
• Asia Pacific
• China
• India
• Latin America
• Brazil
• MEA

View Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-automotive-refinish-coatings-market                           

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Automotive Lighting Market Is Anticipated To Reach USD 34.65 Billion By 2022

Global Automotive Lighting Market Is Anticipated To Reach USD 34.65 Billion By 2022. Strict government policies and rising safety concerns are likely to propel growth over the forecast period. In addition, growing consumer awareness concerning the significance of adaptive lighting including dynamic bend light and a glare-free high beam is also expected to have a positive impact on the exterior lighting market. 

Increasing apprehensions about using energy efficient methods coupled with rising consumer disposable income are expected to drive the industry. In addition, growing demand for vehicles and technological advancements in the automotive industry are expected to propel utilization. Attractive growth opportunities for new entrants are expected in the industry owing to the growing number of total vehicles purchased y-o-y across BRIC nations. However, there is a need for legislative authorities to collaborate with light sourcing technology suppliers to develop flexible design techniques. 

Automotive LED market is estimated to demonstrate considerable growth at a CAGR of over 12.0% from 2015 to 2022. Halogen lights contributed to over 66.0% of overall industry revenue in 2014, followed by LED and xenon. It has gained prominence on account of easy availability, low purchasing costs, and low replacement costs. However, rising fuel prices are expected to pose a threat to the industry. 

Full Research Report on Global Automotive Lighting Market Analysis: http://www.grandviewresearch.com/industry-analysis/automotive-lighting-market

The increase in demand for eco-friendly LED technologies on account of high efficiency, reduced CO2 levels, and high power, is expected to propel growth. Companies have been trying to develop eco-friendly LED to promote product differentiation and strengthen their global foothold. LEDs are used in daytime running lights (DRL), parking light, brake lights and turning lights. LEDs are preferred over xenon and halogen lights owing to optimum light bearing capacities and improved design which lead to increased shelf life. 

The adaptive headlight is an active safety feature that is intended to enhance the drivers’ visibility in poorly illuminated areas. It encompasses functionalities including automatic rotation which can sync with sensors and adjust brightness and intensity of light. Front lighting segment constituted for over 70.0% of the total revenue in 2014 owing to the availability of advanced features including automatic rotation which can sync with automatic brightness modules and sensor response. Extreme climatic conditions in Europe and North America is expected to trigger demand for fog lights over the forecast period. 

Automotive lighting industry in Asia Pacific is estimated to grow at a CAGR of over 8.0% and acquire a market share of about 45.0% over the forecast period. The continuous expansion of suppliers coupled with a vast production base is expected to position this region as the market leader. Countries including India, Japan, and China account for the major production base for vehicles globally, thus offering extensive growth opportunities. 

Key companies including Hella KGaA Hueck & Co., Koito Manufacturing Co., Magneti Marelli S.p.A and Valeo. Vendors usually employ the strategy of new product development and mergers & acquisitions to enter new markets. The introduction of low-cost LEDs and energy-efficient alternatives is foreseen as a cost-effective strategy for the industry.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/electronic-devices

Grand View Research has segmented the Global Automotive Lighting Market on the basis of technology, application, and region:

Automotive Lighting Technology Outlook (Revenue, USD Million, 2012 - 2022)

• Halogen
• Xenon
• LED

Automotive Lighting Application Outlook (Revenue, USD Million, 2012 - 2022)

• Front/headlamps
• Rear
• Side
• Interior

Automotive Lighting Regional Outlook (Revenue, USD Million, 2012 - 2022)

• North America
• Europe
• Asia Pacific
• RoW

View Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-automotive-lighting-market                          

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Marine Grease Market Is Anticipated To Growing At a CAGR Of 4.4% Till 2025

Global Marine Grease Market is expected to reach USD 348.4 million by 2025, according to a new report by Grand View Research, Inc. Increasing demand from the various end-use segments is a key factor driving the growth. The robust growth from shipping industry in Asia Pacific is expected to boost the market further over the forecast period.

Marine grease is a semi-solid substance, used in various vessels such as bulk carrier ships, cargo ships, tankers, passenger vessels as it provides enhanced lubrication under salty water conditions. In addition, it has numerous applications in high temperature and pressure conditions. The market is mainly driven by the demand for the bulk carriers and cargo vessels, as they are exposed to the complex operating environment during transportation of industrial and consumer goods.

In terms of revenue, lithium complex thickener accounted as the largest segment in 2016 and is anticipated to continue its trends with a growth rate of 4.7% over the forecast period. Increasing need for environmentally compatible and multi-purpose grease are the factors anticipated to propel the growth.

The demand is expected to surge owing to the development of new ports in the Asia Pacific region. Different grades as classified by the National Lubricating Grease Institute (NLGI) are used in various end-use areas as they provide the required properties such as resistance to water wash out, and corrosion prevention. Various types of NLGI graded greases are available to cater the requirement of the different types of vessels.

Full Research Report on Global Marine Grease Market Analysis:
http://www.grandviewresearch.com/industry-analysis/marine-grease-market

Further key findings from the report suggest:

• Lithium complex based thickener segment is expected to experience fastest growth in terms of value at a CAGR of 4.7% from 2017 to 2025 due to its property to serve as multipurpose grease
• Bulk carrier & cargo ships are expected to continue its dominance as the largest end-use segment in terms of revenue and is anticipated to reach USD 150.9 million by 2025. Rising purchasing power parity among emerging economies is expected to boost the growth of operation and maintenance of passenger ship segment which in-turn would boost the marine grease, expanding at a CAGR of 5.2% between the period from 2017 to 2025
• Asia Pacific market was valued at USD 88.2 million in 2016 and is projected to reach USD 139.8 million by 2025. Asia Pacific is expected to experience a surge in demand over the next eight years owing to new ports constructed in this region. In terms of revenue, the regional market is expected to grow at a CAGR of 5.3% between 2017 to 2025
• Key players including ExxonMobil Corporation, Chevron Lubricants, Shell Plc, Total Lubmarine, Lukoil Marine, Gulf Oil Marine, Penrite Oil are expected to hold significant share in the global market

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/petrochemicals-and-downstream-derivatives

Grand View Research has segmented the Global Marine Grease Market on the basis of end-use, thickener type and region:

End-use Outlook (Revenue, USD Million, 2014 - 2025)

• Bulk Carrier & Cargo Ships
• Passenger Ships
• Tankers
• Others

Thickener Type Outlook (Revenue, USD Million, 2014 - 2025)

• Lithium or Lithium Complex
• Calcium
• Others

Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• Netherlands
• Asia Pacific
• China
• India
• Japan
• Singapore
• Central & South America
• Brazil
• Middle East & Africa
• Saudi Arabia
• South Africa

View Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-marine-grease-market                         

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Thermochromic Materials Market Analysis by Product, Application, Region and Segment Forecast Up To 2025

Global Thermochromic Materials Market is expected to reach USD 7.31 Billion by 2025, according to a new report by Grand View Research, Inc. Growing demand for reversible thermochromic materials in application industries is expected to drive demand over the forecast period.

Growing demand for thermochromic materials in food quality indicators to determine the quality of frozen meat and dairy products coupled with increasing use of thermochromic pigments in inks, paints, and coatings is expected to drive market growth over the forecast period.

Color diversity, cost effectiveness, and manufacturing process flexibility are some of the major advantages of thermochromic materials. As a result, the demand for thermochromic pigments in novelty products is increasing significantly. In addition, the use of reversible temperature-sensitive materials in baby products and sensors is expected to aid growth over the next eight years.

Complex chemical formulation coupled with the difficulty in maintaining the formulation stability of reversible thermochromic materials is expected to hamper the demand for the materials over the forecast period. However, constant research & development projects undertaken by the manufacturers is expected aid in the development of stable reversible materials, which in turn is likely to attract demand from the application industries.

Full Research Report on Global Thermochromic Materials Market Analysis:
http://www.grandviewresearch.com/industry-analysis/thermochromic-materials-market

Further key findings from the report suggest:

• Reversible thermochromic materials are expected to grow at CAGR of 5.0% over the forecast period on account of growing demand in baby diapers, sensors and chemical containers owing to its reversible characteristic
• Irreversible materials dominated the market with over 60% of the overall revenue share due to increasing demand for the product in novelty products and textile industry over the forecast period
• Thermochromic pigments accounted or the largest volume share in 2016 and is expected to continue its dominance over the forecast period owing to the increasing use of the pigments in the manufacturing of paints and inks
• Asia Pacific is expected to be the fastest growing region over the forecast period on account of the increasing demand for reversible as well as irreversible products in textile & novelty product manufacturing, and printing industry
• The industry is fragmented with manufacturers catering to their local markets, creating a monopoly. In addition, on account of the emerging industry and slow growth, the existing manufacturers prevent new players from entering the market.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials 

Grand View Research has segmented the Global Thermochromic Materials Market on the basis of product, application, and region:

Thermochromic Materials Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• Reversible
• Irreversible

Thermochromic Materials Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• Food quality indicators
• Papers
• Pigments
• Thermometers
• Others

Thermochromic Materials Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• North America
  • U.S.
• Europe
• Germany
• UK
• China
• India
• Japan
• Brazil
• Asia Pacific
• Central & South America
• Middle East & Africa

View Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-thermochromic-materials-market                       

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based
research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Battery Market Analysis by Product, Application, And Segment Forecast To 2024

Global Battery Market is expected to reach USD 132.55 billion by 2024, according to a new report by Grand View Research, Inc. Majorly consisting of primary and secondary batteries, the growth will be attributed to growing demand for secondary batteries that are rechargeable on account of rising demand for smart gadgets and electronics such as tablets, smartphone and other portable devices including the digital camera and laptop. 

Technological advancements in terms of cost reduction and enhanced efficiency are expected to open new avenues for the global market over the forecast period. Rising use in aircraft emergency systems in case of non-availability of APU’s for braking, ground operations and restarting the APU is expected to fuel high capacity battery demand. Low cost and high density of lead acid battery will encourage use in an emergency power supply and grid storage applications thus supplementing the market growth. 

Full Research Report on Global Battery Market Analysis:
http://www.grandviewresearch.com/industry-analysis/battery-market

Further key findings from the report suggest:

• Li-ion based batteries are expected to emerge as the most dominant segment owing to the growing demand in the automotive industry coupled with portable devices and electric power trains. The auto industry is experiencing high growth in plug-in hybrid and electric vehicles segment which is expected to propel demand. In addition, successful commercialization and lucrative incentives have been encouraging OEMs to introduce new hybrid and electric models in the market.
• Ni–Cd batteries find applications in portables devices such as wireless & cordless telephones and emergency lighting, rising use for which will drive market demand. Growing application scope in railways for emergency braking, locomotive starting, air-conditioning, coach lighting and power for signaling will further propel growth.
• Industrial application accounted for over 30.0% of the global market in 2015. The industrial application includes wheelchairs, golf carts, aviation, satellites, grid storage, forklifts and power tools. Rising energy requirements have resulted in increased use of storage applications on grid and off grid which has directly impacted demand for battery storage systems. Rapid industrialization in emerging economies of Asia Pacific and Latin America will utilize batteries in UPS devices, material handling systems, and power tools thus fueling market demand.
• Asia Pacific dominated the global battery market with revenue over USD 23.00 billion in 2015 on account of the presence of a majority of manufacturers in Japan and South Korea. Budding consumer electronics industry in India, Malaysia, Singapore and Thailand is expected to result in high demand for lithium-ion batteries in the next eight years. Increasing automobile production in India and China is projected to propel demand for lead acid batteries in the near future. In addition, laxity for regulations in these countries regarding automotive emissions and fuel efficiency is expected to provide immense potential for market growth.
• The global industry includes major conglomerates such as Hitachi, Sony, LG, Panasonic and GS Yuasa. Companies are moving towards lithium ion battery manufacturing owing to high potential in consumer electronics and electric vehicle market. Key companies are engaged in manufacturing of batteries with varying capacities suitable for different applications. Automotive Energy Supply Corporation and Panasonic are major shareholders in the lithium-ion electric vehicle segment. In February 2016, Johnson Controls Inc. made investments in its facility in Germany to improve its production capacity.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/power-generation-and-storage

Grand View Research has segmented the Global Battery Market on the basis of product, application and region:

Battery Product Outlook (Revenue, USD Million, 2013 - 2024)

• Lead Acid
• Lithium ion
• Nickel Metal Hydride
• Nickel Cadmium
• Others

Battery Application Outlook (Revenue, USD Million, 2013 - 2024)

• Automobile
• Industrial
• Portable

Battery Regional Outlook (Revenue, USD Million, 22013 - 2024)

• North America     
• U.S.
• Europe     
• Germany
• UK
• Asia Pacific
• China
• Japan
• Latin America
• Brazil
• MEA

View Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-battery-market                          

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a 

range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Battery Management System Market Analysis by Battery Type, Topology, Application And Segment Forecast 2014-2025

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 generated via the wind and solar sources is affected by weather, location, and time. Batteries used at wind turbines and in solar panels smooth the variabilities and store energy for future use. The prevailing safety issues, the resistance from utilities, and regulatory barriers have restricted the integration of these batteries into mainstream power systems.

Electricity grids are undergoing modernization with the implementation of power flow measurement and controlling power production & distribution and are gathering information on electricity use. Storage is a major barrier to the adoption of renewable energy. Several battery technologies including lead-acid, lithium-ion, and sodium sulphate have been developed and tested for applications such as grid investment deferral and arbitrage.

Energy storage systems (ESS) aid in storing renewable energy sources for further commercial use. The increasing demand for ESS is expected to augment the market demand over the forecast period. Lead-acid batteries are the most commonly used battery types in ESS, owing to applications such as standalone battery systems used to handle output fluctuations from the wind and solar power.

Full Research Report on Global Battery Management System (BMS) Market Analysis:
http://www.grandviewresearch.com/industry-analysis/battery-management-system-market

Further key findings from the report suggest:

• The growing penetration of UPS solution in businesses to counter data loss is expected to spur the demand for BMS
• Lithium-ion batteries are used in applications requiring high-energy density solutions
• The lithium-ion based battery type is anticipated to witness a significant growth with a CAGR of over 22% over the projected period
• Centralized topology is anticipated to dominate the market in terms of revenue over the forecast period, owing to the increasing applications such as industrial UPS, Electric Vehicles (EV), drones, and energy storage system
• The stringent regulations toward carbon emissions in the developed countries and the growing penetration of EVs in the emerging economies are expected to spur the automotive application demand
• The Asia Pacific region is anticipated to portray high growth rate over the forecast period
• The key players in the BMS market include Texas Instruments, Inc. (U.S.), NXP Semiconductor N.V. (Netherlands), Elithion, Inc. (U.S.), and Vecture, Inc. (U.S.)

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/power-generation-and-storage

Grand View Research has segmented the Battery Management System Market based on battery type, topology, application, and region:

BMS Battery Type Outlook (Revenue, USD Million, 2014 - 2025)

• Lithium-ion based
• Nickel based
• Lead-acid based
• Flow batteries

BMS Topology Outlook (Revenue, USD Million, 2014 - 2025)

• Centralized
• Distributed
• Modular

BMS Application Outlook (Revenue, USD Million, 2014 - 2025)

• Automotive
• Consumer electronics
• Energy
• Defense

BMS Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Netherlands
• Norway
• Asia Pacific
• China
• India
• Japan
• South America
• Brazil
• Middle East and Africa (MEA)

View Blog On this research report by Grand View Research: http://www.grandviewresearch.com/blog/battery-management-system-bms-market-size-share                          

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com