Battery Management System Market Boost The Industry Growth With USD 11.17 Billion By 2025 : Grand View Research Inc.
San Francisco, 26 March 2019: The Report 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, 2018 – 2025 The global Battery Management System 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 re