Frequently Asked Questions:
Government-imposed lockdown has impacted the market for battery management systems since manufacturers worldwide have suspended production and because there is a shortage of trained personnel due to social distancing regulations. Additionally, the market for battery management systems has been considerably impacted by the supply chain disruption brought on by COVID-19.
The market is being driven by the move toward electric vehicles, which also drives up demand for batteries.
A. Eberspächer, Elithion Inc., Leclanche, Lithium Balance, Nuvation Energy, NXP Semiconductors, Navitas System LLC, Renesas Electronics Corporation, Storage Battery Systems, LLC, and Texas Instruments Incorporated are among the companies that offer services to the battery management sector.
The primary industries that require battery management systems include automotive, telecommunications, the military, renewable energy systems, and UPS.