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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
For a data center or networking center to remain operational, battery monitoring is crucial. A failing battery can be rapidly identified and changed with the help of a battery monitoring system, protecting the string's remaining healthy batteries. This monitoring solution will increase the lifespan of the remaining batteries and ensure that the UPS system can adequately handle any power outages to a location.
Typically, a wireless Data Collection Module (DCM) attached to the batteries is used to accomplish battery monitoring. The battery monitoring unit retains the data for later use and analysis after receiving it wirelessly from the wireless DCM, which wirelessly gathers information from the batteries.
The global wireless battery monitoring system market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
AEG Power Solutions, based in the Netherlands, has introduced a wireless battery management system for extensive energy storage applications. The MoniStore system is intended for use in storage systems that utilize lead-acid or nickel-cadmium batteries. Large battery systems with more than 300 single cells connected in series can be safely electrically isolated and monitored thanks to wireless communication, according to AEG.
An internal sensor that is linked to the negative pole of each battery continuously measures the voltage and temperature of each individual cell to ensure that it is operating as intended. This information is transmitted by wireless sensors to an evaluation unit, which communicates with an energy management system.
With the introduction of a brand-new cutting-edge Wireless Distributed Battery Management System, Marelli, a top global automotive supplier, broadens its selection of battery management technologies for electric vehicles (wBMS).
By doing away with the connected physical connections that are generally required in other Battery Management System (BMS) architectures, this technology enables greater flexibility, enhanced efficiency, improved dependability, and lower costsâall factors that are essential for electric vehicles. As a result of the connectors' removal, the car is lighter and more energy-efficient, extending its range on a single charge.
The electrification electronics capabilities of Visteon, a top worldwide technology firm serving the mobility sector, are growing to incorporate a range of intelligent battery management and integrated power electronics systems.
Visteon's wireless smartBMS can speed up the development of EVs for the market because it eliminates the need to create specialized communication systems or reinvent intricate wiring schemes for every new car. Instead, the wireless technology will aid in making sure that batteries can be scaled across future EV lineups that include various brands and vehicle classes, from heavy-duty trucks to performance cars.
The SimpleLInk 2.4-GHz wireless MCU and a battery monitor and balancer are part of Texas Instruments' new wireless battery management system (BMS) solution for electric vehicles, which was just unveiled. With an accuracy of 2 millivolts and a packet error rate of 1 in 10 million, the system can collect data from around a hundred cells in milliseconds.
Due to the lockdowns in place, the COVID-19 pandemic has spread. This has had a negative impact on the global market for battery monitoring systems. A combination of hardware and software known as a battery monitoring system ensures that a battery is using energy to its full potential. It works by preventing expensive downtime caused by sudden battery failures.
The primary functions of the battery monitoring system include providing real-time monitoring, reducing costs associated with maintenance and replacement, maximizing battery life, preventing costly downtime, and improving the critical battery backup system's safety and security. The temporary closure of businesses over the past few months has halted demand for these products.
However, it is anticipated that the demand for battery monitoring systems will rise in the coming years as a result of the efforts made by a number of nations to restore their economic conditions and the numerous benefits provided by these products.
Due to the increasing investments in data centers and renewable power generation in North America, it is anticipated that the demand for battery monitoring systems will rise in the coming years. In addition, the battery monitoring system market is anticipated to expand over the next five years due to the rising global demand for hybrid electric vehicles.
In addition, it is anticipated that the global market for battery monitoring systems will expand at a significant rate due to the rising demand for effective protection of electrical devices and the increased storage of electricity.This will drive new investments in the power sector and raise the demand for electrical devices like battery monitoring systems.
Due to the growing popularity of electric and fuel cell vehicles among end users, the automotive battery management system market growth outlook is positive. The manufacturers of these vehicles would be able to expand their product lines as a result of the rising demand for battery management systems that monitor the temperature of the battery pack and ensure that the battery operates effectively.
North America
The North American market, particularly the USA, will be one of the prime markets for (Wireless Battery Monitoring System) due to the nature of industrial automation in the region, high consumer spending compared to other regions, and the growth of various industries, mainly AI, along with constant technological advancements. The GDP of the USA is one of the largest in the world, and it is home to various industries such as Pharmaceuticals, Aerospace, and Technology. The average consumer spending in the region was $72K in 2023, and this is set to increase over the forecast period. Industries are focused on industrial automation and increasing efficiency in the region. This will be facilitated by the growth in IoT and AI across the board. Due to tensions in geopolitics, much manufacturing is set to shift towards the USA and Mexico, away from China. This shift will include industries such as semiconductors and automotive.
Europe
The European market, particularly Western Europe, is another prime market for (Wireless Battery Monitoring System) due to the strong economic conditions in the region, bolstered by robust systems that support sustained growth. This includes research and development of new technologies, constant innovation, and developments across various industries that promote regional growth. Investments are being made to develop and improve existing infrastructure, enabling various industries to thrive. In Western Europe, the margins for (Wireless Battery Monitoring System) are higher than in other parts of the world due to regional supply and demand dynamics. Average consumer spending in the region was lower than in the USA in 2023, but it is expected to increase over the forecast period.
Eastern Europe is anticipated to experience a higher growth rate compared to Western Europe, as significant shifts in manufacturing and development are taking place in countries like Poland and Hungary. However, the Russia-Ukraine war is currently disrupting growth in this region, with the lack of an immediate resolution negatively impacting growth and creating instability in neighboring areas. Despite these challenges, technological hubs are emerging in Eastern Europe, driven by lower labor costs and a strong supply of technological capabilities compared to Western Europe.
There is a significant boom in manufacturing within Europe, especially in the semiconductor industry, which is expected to influence other industries. Major improvements in the development of sectors such as renewable energy, industrial automation, automotive manufacturing, battery manufacturing and recycling, and AI are poised to promote the growth of (Wireless Battery Monitoring System) in the region.
Asia
Asia will continue to be the global manufacturing hub for (Wireless Battery Monitoring System Market) over the forecast period with China dominating the manufacturing. However, there will be a shift in manufacturing towards other Asian countries such as India and Vietnam. The technological developments will come from China, Japan, South Korea, and India for the region. There is a trend to improve the efficiency as well as the quality of goods and services to keep up with the standards that are present internationally as well as win the fight in terms of pricing in this region. The demand in this region will also be driven by infrastructural developments that will take place over the forecast period to improve the output for various industries in different countries.
There will be higher growth in the Middle East as investments fall into place to improve their standing in various industries away from petroleum. Plans such as Saudi Arabia Vision 2030, Qatar Vision 2030, and Abu Dhabi 2030 will cause developments across multiple industries in the region. There is a focus on improving the manufacturing sector as well as the knowledge-based services to cater to the needs of the region and the rest of the world. Due to the shifting nature of fossil fuels, the region will be ready with multiple other revenue sources by the time comes, though fossil fuels are not going away any time soon.
Africa
Africa is expected to see the largest growth in (Wireless Battery Monitoring System Market) over the forecast period, as the region prepares to advance across multiple fronts. This growth aligns with the surge of investments targeting key sectors such as agriculture, mining, financial services, manufacturing, logistics, automotive, and healthcare. These investments are poised to stimulate overall regional growth, creating ripple effects across other industries as consumer spending increases, access to products improves, and product offerings expand. This development is supported by both established companies and startups in the region, with assistance from various charitable organizations. Additionally, the presence of a young workforce will address various existing regional challenges. There has been an improvement in political stability, which has attracted and will continue to attract more foreign investments. Initiatives like the African Continental Free Trade Area (AfCFTA) are set to facilitate the easier movement of goods and services within the region, further enhancing the economic landscape.
RoW
Latin America and the Oceania region will showcase growth over the forecast period in (Wireless Battery Monitoring System Market). In Latin America, the focus in the forecast period will be to improve their manufacturing capabilities which is supported by foreign investments in the region. This will be across industries mainly automotive and medical devices. There will also be an increase in mining activities over the forecast period in this region. The area is ripe for industrial automation to enable improvements in manufacturing across different industries and efficiency improvements. This will lead to growth of other industries in the region.
| Margin Comparison (Highest to lowest) | Region | Remarks |
| 1 | Europe | The supply chain demands and the purchasing power in the region enable suppliers to extradite a larger margin from this region than other regions. This is for both locally manufactured as well as imported goods and services in the region. |
| 2 | North America | Due to the high spending power in this region, the margins are higher compared to the rest of the world, but they are lower than Europe as there is higher competition in this region. All the suppliers of goods and services target USA as a main market thereby decreasing their margins compared to Europe |
| 3 | Asia | Lower purchasing power, coupled with higher accessibility of services in this regions doesnât enable suppliers to charge a high margin making it lower than Europe and North America. The quality of goods and services are also affected due to this aspect in the region |
| 4 | Africa and ROW | The margins are the lowest in this region, except for Australia and New Zealand as the countries in this region donât have much spending power and a large portion of the products and services from this area is exported to other parts of the world |
USAâ $210 billion is allocated to federal R&D with main focus on health research, clean energy, semiconductor manufacturing, sustainable textiles, clean energy, and advanced manufacturing. Investments by private players are mainly focused on technological development including 5G infrastructure and AI in the region.
Europeâ EIC is investing â¬1 billion to innovative companies in sectors like AI, biotechnology, and semiconductors. There is also a focus on developing the ecosystem in the continent as well as improving the infrastructure for developing industries such as electric vehicles and sustainable materials. Private players are targeting data centers, AI, battery plants, and high end technological R&D investments.
Asiaâ There are investments to tackle a range of scientific and technological advancements in this region mainly coming in from China, India, South Korea, and Japan. This will include artificial intelligence, 5G, cloud computing, pharmaceutical, local manufacturing, and financial technologies. Many countries are aiming to be digital hubs including Saudi Arabia.
Africaâ Investments in the region are focused on improving the technological capabilities in the region along with socio-economic development and growth. Private participants of investments in this region is venture capital dominated who are targeting the various growth elements of the region as social stability improves. The major industries are fintech, easier lending, and manufacturing.
Latin America â The focus in the region is for fintech, e-commerce, and mobility sectors. There are also investments in improving manufacturing in the region. Local investments is focused on improving the healthcare, and transportation infrastructure in the region. The region is attracting foreign investments to improve their ability to utilize the natural resources present in the region.
Rest of the Worldâ The investments in this region are focused on clean energy, green metals, and sustainable materials. Funds in Australia are focused on solar energy and battery technologies, along with high end futuristic areas such as quantum computing. The main countries of private investment in ROW will be Australia, Canada, and New Zealand.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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