Automotive Battery Management System Market

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Automotive Battery Management System
MarketMarket size, Industry outlook, Market
Forecast, Demand Analysis, Market Share, Market
Report 2023-2028
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Automotive Battery Management System Market value
was 2.7 Billion in 2020. With CAGR of 12.69
during the forecast period, the market will reach
5.4 Billion by 2026. Automotive Battery
Management market with respect to passenger
vehicles was 1.8 Billion in 2020. Automotive
Battery Management market with respect to
commercial vehicles was 604 million in 2020.
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• Key Takeaways
• The transportation sector is responsible for
  global warming to a greater extent. The emissions
  from the vehicle after the combustion of fuel is
  required to be controlled. The electric vehicles
  and battery-powered vehicles are now being
  developed as a substitute to the fuel engine
  vehicles that reduces the intensity of emission
  of toxic gases. Increasing demand for electric
  vehicles has significantly elevated the growth of
  Automotive Battery Management market.
• The initiative taken by the OEMs to develop
  electric versions of the passenger cars and other
  vehicles are being backed by government and
  research institutions and industrial programs.
  The Electronic Vehicle sector have witnessed huge
  investments by the government and industry
  programs.

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By Distribution Channel- Segment
Analysis Passenger vehicles are broadly
classified as battery electric vehicles, plug-in
and hybrid electric vehicles. As stated by IEA,
2.1 million electric car were sold in 2019
representing a 6 growth from the previous year.
In 2019 global car sales, electric cars
constituted 2.6 of market share. In particular,
China at 4.9 and Europe at 3.5 achieved new
records in electric vehicle market share in 2019.
The significant rise in the expansions of the
manufacturing units with the growing demand for
passenger electric vehicles is set to
significantly boost the market growth rate.
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• Automotive Battery Management System Market
  Industry Outlook
• Denso
• BYD
• LG Chem
• CATL
• TI
• STM
• Johnson Matthey
• Infineon
• NXP
• Analog Devices

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Automotive Battery Management System Market -
Forecast(2023 - 2028) Learn More About the
Report _at_ https//www.industryarc.com/Report/1898
0/automotive-battery-management-system-market
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  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
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