|[August 23, 2013]
Research and Markets: Global Battery Control Technology Market 2012-2016: Market Size and Forecasts Included
DUBLIN --(Business Wire)--
Research and Markets (http://www.researchandmarkets.com/research/w3dwfq/global_battery)
has announced the addition of the "Global
Battery Control Technology Market 2012-2016" report to their
The analysts forecast the Global Battery Control Technology market to
grow at a CAGR of 7.52 percent over the period 2012-2016. One of the key
factors contributing to this market growth is the increasing application
of battery control technology in various industries. The Global Battery
Control Technology market has also been witnessing the use of battery
control technology to increase the performance of battery systems.
However, high cost of electric vehicles could pose a challenge to the
growth of this market.
The key vendors dominating this space include A123 Systems LLC, Build
Your Dreams (BYD) Batter Co. Ltd., Ford Motor Co., GE Energy LLC,
General Motors (News - Alert) Corp., Honda Motor Co. Ltd., LG Chem Ltd., Panasonic
Corp., Samsung SDI Co. Ltd., SANYO Electric Co. Ltd., Sony Electronics
Inc., and Toyota Motor Corp.
Commenting on the report, an analyst from the 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.
For more information visit http://www.researchandmarkets.com/research/w3dwfq/global_battery
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