CHARGING THE FUTURE POST COVID-19 WITH BMS SOLUTIONS

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CHARGING THE FUTURE POST COVID-19 WITH BMS
SOLUTIONS
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Introduction

• The application of the Battery Management System
  is expanding and its market is growing.
• According to the latest report and analysis from
  PS Market Research, the global battery
  management system market is predicted to grow at
  a CAGR of 14.5 during the period of 2020 2030.
  
• The revenue is expected to increase from 5.1
  billion dollars in 2019 to 22.3 billion dollars
  by 2030.
• One of the factors that have boosted the demand
  for BMS is the use of Li-ion battery technology
  for various applications due to its higher energy
  density, the longer life cycle of batteries and
  better resilience.

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Battery Management System
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Battery Management System Is The Need Of The Hour

• The demand for reliable power in critical
  infrastructure spaces like super-specialty
  hospitals, banks, and data centres is a must.
• Especially now, during the COVID-19 era, many of
  the hospitals highlighted the need for better
  battery solutions which can extend and improve
  the functioning of devices like a monitor and
  other medical devices.
• Li-ion batteries with BMS integration can fulfil
  the demand in the future.
• The COVID-19 situation has alerted India about
  its reliance on a country like China for Li-ion
  batteries, electronic components, and raw
  material requirements. It is the dire need of the
  hour to encourage local production of Li-ion
  batteries and BMS.

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Renewable Energy

• The renewable energy generated for electricity or
  for powering various applications is not steady
  in nature.
• Therefore, it is sometimes wasted away unable to
  fulfil the demand. It is important to note that
  the energy storage system will be the key to
  solve this problem.
• Energy storage systems vary in form and size
  depending on the type of stored energy and
  include batteries (capacity range of 1, 00200
  MW). This is where the energy storage system is
  necessary and the battery management system can
  be a game-changer by optimizing it.
• Battery Management System controls how storage is
  used. In wind and solar power, BMS is used to
  control the output fluctuations. It has multiple
  applications today.

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Evolute Group

• We are on a mission to TechPower the world and
  accelerate worldwide change with our suite of
  highly efficient, extremely smart, scientifically
  and financially viable embedded systems
  solutions.
• Our products and solutions are built to provide
  services in the FinTech, CleanTech, GovTech and
  Industrial Electronics sectors while supporting
  SaaS, PaaS and on Premises Opex Models.
• Tried and tested, our end-to-end FinTech
  solutions are bridging the divide by reaching out
  to unbanked communities across the globe and
  making their financial lives seamless.
• For more details visit to CHARGING THE FUTURE
  POST COVID-19 WITH BMS SOLUTIONS

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Evolute Group
For more information visit our official website
Evolute