TechNavio recognizes the following companies as the key players in the Global Battery Control Technology Market: A123 Systems LLC, Build Your Dreams (BYD) Battery Co. Ltd., Ford Motor Co., GE Energy LLC, General Motors Corp., Honda Motor Co. Ltd., LG Chem Ltd., Panasonic Corp., Samsung SDI Co. Ltd., SANYO Electric Co. Ltd. (50 percent acquired by Panasonic Corp. in 2009), Sony Electronics Inc., and Toyota Motor Corp.
Commenting on the report, an analyst from TechNavio’s team said: “The increase in performance of battery systems, with the usage of battery control technology is one of the major trends observed in the market. For instance, the commercialization of micro-processor-controlled battery chargers had led to increased performance of battery systems. The various performances improved by the usage of battery control technology include increased battery cycle time and extension of battery life. This has a positive effect on various end-user segments such as Portable Electronic Products, Automotive, Traction, and Stationary Applications. Thus, the increase in performance of the battery systems is one of the major trends observed in the Global Battery Control Technology market.”
According to the report, one of the major drivers is the emergence of new battery control applications. The increased usage of battery control technology in various end-user segments such as Automotive, Traction, and Stationary Applications has led to the development of efficient battery systems in those segments. As a result, the increase in battery control technology applications will in turn increase the growth of the Global Battery Control Technology market in the future.
Further, the report states that one of the major challenges in the market is the high price of EVs. As one of the major application areas of battery control technology is in the EV industry, any major challenge confronting the Global EV industry will in turn have an effect on the Global Battery Control Technology market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-battery-control-technology-market…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/energy
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report -Global Battery Control Technology Market 2012-2016
