DUBLIN, June 7, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Battery Monitoring Solutions Market 2016-2020" report to their offering.
The Global Battery Monitoring Solutions Market is expected to grow at a CAGR of 22.84% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend that is driving market growth is the intermittency of renewable energy. Countries globally have been supporting the shift from fossil fuel-based power production to renewable energy production with the aid of lucrative policies, incentives, and rebates. Over the past two decades, the share of renewable and alternate sources of energy in the global energy mix has risen with significant investments flowing from the US, China, and the EU.
According to the report, a key growth driver is the rising popularity of electric vehicles. Globally, many countries are promoting the use of electrical vehicles, which have the potential to reduce pollution and dependence on fossil fuels by providing incentives for instance in the US all electric and plug in hybrid vehicles qualify for federal tax credit of $2500-$7500 and building the necessary infrastructure. This has resulted in continuous growth in battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) worldwide.
Further, the report states that one challenge that could restrict market growth is the operational challenges related to lead-acid batteries.
- GE-Alstom Grid
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end user
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
For more information visit http://www.researchandmarkets.com/research/2kjmvt/global_battery
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SOURCE Research and Markets