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Battery Management System (BMS) Market size worth USD 33,447.29 Million, Globally, by 2030 at 19.86% CAGR: Verified Market Research®

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The “Global Battery Management System (BMS) Market Size By Type, By Topologies, By Component, By Battery Type, By Application, By Geographic Scope And Forecast” report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Battery Management System (BMS) Market, including its growth prospects, market trends, and market challenges

JERSEY CITY, N.J., Aug. 9, 2023 /PRNewswire/ — The Global Battery Management System (BMS) Market is projected to grow at a CAGR of 19.86% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 7,085.00 Million in 2022 and is expected to reach USD 33,447.29 Million by the end of the forecast period.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample?rid=3602

Browse in-depth TOC onBattery Management System (BMS) Market

202 – Pages
126 – Tables
37 – Figures

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Battery Management Systems (BMS) Redefining Efficiency and Safety in Battery Applications

Battery Management Systems (BMS) have emerged as the key to optimizing battery performance, assuring safety, and driving the development of sustainable practices across industries. The incorporation of innovative technologies into BMS solutions is reshaping the battery landscape and improving the operational efficiency of battery-powered applications.

Unlocking Battery Potential Through Advanced BMS:

Battery Management Systems (BMS) have evolved into sophisticated control systems that manage battery behavior while integrating seamlessly with charging infrastructure and capacity utilization, thereby unlocking battery potential. By mitigating overheating risks, uniformly distributing charges, and enforcing safe operating parameters, battery management systems (BMS) not only increase the battery’s overall efficiency and dependability, but also increase its lifespan. Modern BMS solutions feature the ability to recover lost capacity during outages, thereby extending the life of Li-ion cells.

In the midst of the ongoing tide of industrialization and the increased emphasis on sustainability, the use of batteries has become a cornerstone of many industries. Collectively, battery cells with their distinct voltage, temperature, and current requirements contribute to the delivery of energy to charges. In this regard, Battery Management Systems (BMS) play a crucial role by facilitating real-time monitoring, data aggregation, and external communication. Users can utilize this data to assess the health of individual cells and the battery charge, ensuring stability.

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Market Drivers Fueling BMS Growth:

The global Battery Management System (BMS) Market is experiencing robust growth as a result of a number of factors. The increase in the adoption of electric vehicles, battery-powered public transportation, and renewable energy sources drives the demand for sustainable battery solutions. The prevalence of rechargeable batteries in industries such as telecommunications, aerospace, defense, and electronics further accelerates market growth. Key players’ strategic investments in advanced BMS technology and diagnostic systems bolster their market presence, resulting in a substantial increase in market share and ranking.

The Asia-Pacific (APAC) region arises as a fertile ground for Battery Management System (BMS) Market expansion, characterized by rising production capacities and rising demand for rechargeable batteries in industries such as consumer electronics and automotive. While APAC prospers, North America and Europe are expected to maintain global dominance by leveraging established actors, robust R&D investments, and support for the development of hybrid electric and electric vehicles.

Financial Statements, SWOT Analysis, and Future Development:

Major players in the Battery Management System (BMS) Market include BYD, Contemporary Amperex Technology Co., Limited, Eberspacher, Nuvation Engineering, NXP Semiconductors, LG Chem, Ficosa International SA, Hella Gmbh & Co. Kgaa, Eberspaecher Vecture, and Leclanche S.A. These industry leaders examine their financial statements, benchmark their products, conduct a SWOT analysis, and implement key development strategies to increase their market share and ranking.

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In conclusion, Battery Management Systems (BMS) have redefined the efficiency and safety of battery applications, thereby elevating their significance across multiple industries. The global Battery Management System (BMS) Market is flourishing, propelled by the innovative strategies of key market participants, technological advancements, and a growing demand for sustainable energy solutions. BMS emerges as an indispensable enabler of reliability and efficiency as the battery landscape continues to transform, with BYD, Contemporary Amperex Technology Co., Limited, and other key players at the forefront of this transformational journey.

To get market data, market insights, financial statements and a comprehensive analysis of the Global Battery Management System (BMS) Market, please Contact Verified Market Research®.

Based on the research, Verified Market Research® has segmented the global Battery Management System (BMS) Market into Type, Battery Type, Component, Topologies, Application, And Geography.

  • Battery Management System (BMS) Market, by Type
    • o Stationary Battery
    • o Motive Battery
  • Battery Management System (BMS) Market, by Topologies
    • Distributed
    • Modular
    • Centralized
  • Battery Management System (BMS) Market, by Component
    • Battery Management Unit
    • Communication Unit
  • Battery Management System (BMS) Market, by Battery Type
    • Lithium-ion
    • Lead-acid
    • Others
  • Battery Management System (BMS) Market, by Application
    • Automotive
    • Consumer/Industrial Handheld Devices
    • Energy
    • Telecommunication
    • Medical Devices
    • Marine
    • Others
  • Battery Management System (BMS) Market, by Geography
    • North America
      • U.S
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • ROW
      • Middle East & Africa
      • Latin America

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Visualize Battery Management System (BMS) Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

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VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research® is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research® provides advanced analytical research solutions while offering information-enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductors & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & Construction, Agriculture industry and Medical Devices from over 100 countries.

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Blockchain

Blockchain Firm Squad Labs Raises $10 Million for Smart Wallet

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Squad Labs announced that its Series A funding round, led by Electric Capital with participation from RockawayX, Coinbase Ventures, L1D, Placeholder, and Mert Mumtaz, will propel the launch of its Fuse smart wallet. The company aims to establish Fuse as a premier solution for securing and compounding personal digital wealth amid the growing onchain economy.

According to the company’s news release on June 12, smart accounts and smart wallets are gaining traction across blockchains as they offer a more intuitive, secure, and programmable user experience. Fuse abstracts seed phrases and provides features like wallet recovery, 2FA capabilities, and enterprise-level security for personal custody, simplifying the choice of storing digital wealth on-chain.

In addition to securing funding, Squad Labs also announced the public testing launch of Fuse on iOS. This move is part of their strategy to expand accessibility and refine functionality ahead of a full market release.

Meanwhile, a recent report from PYMNTS Intelligence explores blockchain’s role in enhancing cross-border payments. It suggests that integrating blockchain can streamline payment processing, enable digital-to-fiat currency conversion, and introduce stablecoins for faster and cost-effective cross-border transactions. Business-friendly decentralized finance (DeFi) solutions further automate and secure transactions via smart contracts, reducing dependence on traditional payment systems and enhancing security and transparency.

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The report underscores the significance of educating businesses and end-users about the benefits of blockchain-based cross-border payments. It advocates for partnerships with FinTechs and proactive engagement with financial institutions to drive adoption and improve industry-wide support for blockchain technologies in payments.

Overall, Squad Labs’ funding round and Fuse’s development represent strategic advancements in blockchain technology aimed at enhancing digital wealth management and transforming cross-border payment landscapes.

Source: pymnts.com

The post Blockchain Firm Squad Labs Raises $10 Million for Smart Wallet appeared first on HIPTHER Alerts.

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Blockchain

TON Blockchain Surpasses Ethereum in Daily Active Users

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Ethereum’s comparative underperformance relative to TON can be attributed to several factors, notably the migration of a significant portion of its user activity to layer 2 scaling solutions. These solutions were not factored into the comparison with TON.

During a week marked by global crypto market fluctuations and cautious investor sentiment, The Open Network (TON), backed by Telegram, has seen substantial growth in user activity, surpassing Ethereum in daily active users.

Since the beginning of the month, TON and Ethereum have been closely vying for user engagement. However, leveraging Telegram’s extensive user base of 900 million, TON has consistently outpaced Ethereum for ten consecutive days starting June 1.

On June 3, TON achieved a significant milestone with 568,300 daily active addresses (DAAs), according to Artemis data. In contrast, Ethereum has not reached this level of activity since September 13, 2023.

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Delving Deeper
Ethereum’s apparent lower activity compared to TON can be attributed to various factors, including the adoption of layer 2 scaling solutions designed to enhance transaction throughput and reduce fees by processing transactions off the main Ethereum blockchain.

Consequently, the majority of Ethereum’s transactional activities have shifted to these layer 2 networks.

For instance, on June 11, the top three Ethereum layer 2 networks—Arbitrum, Base, and Optimism—collectively registered 1.3 million daily active addresses. This highlights that while Ethereum’s primary network may appear less active, substantial transactional volume is occurring on these secondary layers.

New Milestones and Market Performance
Despite the challenges of comparing directly with Ethereum, TON has demonstrated significant growth. Amidst the recent global market volatility, the network’s native token, Toncoin (TON), reached a milestone of $7.76 earlier this month, marking its highest valuation since launch.

Although Toncoin has since experienced a decline of over 12%, industry analysts remain optimistic about its future trajectory.

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A pseudonymous analyst, “Crypto King,” has forecasted a potential rise to $10 for TON in the near term, citing its robust user base, rapid infrastructure development, and Telegram’s support.

Another expert, Alex Clay, shares this positive outlook, suggesting short-term price targets of $10.5 to $11.6 for TON despite broader market downturns.

Furthermore, data from Token Terminal indicates promising long-term indicators for TON, showing a 3.6% rise in fully diluted market capitalization, a 76.3% increase in token holders, and a 26.0% growth in revenue and fees over the past 30 days.

Despite a slight decrease in trading volume by 11.6%, these metrics underline a strong underlying growth trend for TON.

Source: coinspeaker.com

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The post TON Blockchain Surpasses Ethereum in Daily Active Users appeared first on HIPTHER Alerts.

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Blockchain

Brickken is selected to participate in the European Blockchain Regulatory Sandbox

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Brickken, a startup based in Barcelona at the forefront of real-world asset tokenization, has been chosen to participate in the European Blockchain and Distributed Ledger Technologies (DLT) Regulatory Sandbox. This initiative aims to establish legal clarity for decentralized technologies like blockchain by identifying legal and regulatory hurdles to deployment. It will provide confidential guidance, legal counsel, and regulatory expertise.

Facilitated by the European Commission, this program will enable regulators to deepen their understanding of cutting-edge blockchain technologies and foster dialogue between public institutions and private entities such as Brickken.

By joining the European Regulatory Sandbox, Brickken gains the opportunity to refine and enhance its solutions within a secure environment. This will bolster its credibility with institutional clients, market operators, and bond issuers, facilitating its expansion into new markets. Brickken seeks to become a strategic partner for various participants in capital markets, enhancing operational efficiency and promoting technological synergy in digital asset management.

Edwin Mata, CEO and co-founder of Brickken, expressed excitement about this selection, emphasizing:

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“This opportunity validates our innovative approach to asset tokenization and allows us to collaborate closely with regulators and industry leaders to strengthen the blockchain ecosystem. The knowledge and experience gained in this regulatory sandbox will be invaluable for our future growth and success.”

Brickken’s inclusion in this sandbox marks a significant milestone in its mission to revolutionize the tokenization industry. Recently selected for PricewaterhouseCoopers’ Scale program for tokenization and digital assets, Brickken continues to advance blockchain adoption among institutional clients, banks, and capital markets. Additionally, the company has forged partnerships with industry leaders like Psalion and Chainlink, known for their real-world asset tokenization technology.

In collaboration with Coinbase, Brickken aims to set new standards in infrastructure and market structure for real-world asset tokenization. Leveraging Coinbase’s technology such as Wallet and Base, Brickken brings its expertise in tokenization and technology to build robust solutions.

Established in Barcelona in 2020 by Edwin Mata, Yassir Haouati, Bram Duindam, and Dario Lo Buglio, Brickken has experienced rapid growth, operating in over 14 countries and tokenizing assets exceeding 200 million euros. With a client base of over 50, the company has achieved over 100% growth compared to the previous year and is expanding into new verticals.

Brickken’s digital asset platform specializes in tokenizing financial instruments such as equity and debt, catering to entities of all sizes, asset types, and jurisdictions. Offering robust technological support, Brickken enables market entry without the need for proprietary technology development. This positions Brickken to serve diverse sectors including real estate, startups, institutions, venture capital funds, and family offices, facilitating efficient digitization and management of assets.

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Source: cointelegraph.com

The post Brickken is selected to participate in the European Blockchain Regulatory Sandbox appeared first on HIPTHER Alerts.

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