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Rising Adoption of Electric Vehicles, Energy Storage, and Aerospace & Defense Equipment Makes BMS Ubiquitous
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A battery management system (BMS) is the brain behind the battery pack. It monitors and protects cells in a battery pack. The BMS market is diverse, with multiple applications that use a large number of battery packs. Rising demand for electric vehicles, energy storage systems, and aerospace and defense equipment powered by batteries make BMS an important component in daily life. BMS has evolved from a mere monitoring unit to an advanced, intelligent unit that decides what a battery should do at different modes of operation. This Market Insight discusses growth prospects and the highest BMS demand by application and region. It also examines the top market participants globally.
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