Eliana Grace 12 Global Battery Management System Market Report and Forecast 2021-2026
The expanding automobile sector, along with the rising demand for hybrid electric vehicles, has primarily augmented the battery management system market. Furthermore, the introduction of favorable government policies to control carbon emissions from fuel-driven vehicles has led to the rising adoption of electric vehicles, thereby catalyzing the product demand. Besides this, the increasing penetration of battery-operated vehicles in the public transport fleet is also driving the demand for BMS in the automotive sector. Moreover, continuous upgrades in off-grid renewable energy generation plants have escalated the requirement of BMS solutions for maintaining the power flow measurement, controlling power production and distribution, monitoring electricity usage information, etc.
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