Global Two-Wheeler Battery Management System Market to Reach USD 1.62 Billion in 2022 with Continued Expansion Through 2028 [Yahoo! Finance]
PANASONIC HLDS CP S/ADR (PCRFY)
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panasonic.com/global/corporate/ir.html
Company Research
Source: Yahoo! Finance
Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028" report has been added to ResearchAndMarkets.com's offering. Market Overview The latest data shows that the Global Two-Wheeler Battery Management System (BMS) Market has reached a value of USD 1.62 billion in 2022 and is projected to continue its growth trajectory with a CAGR of 8.21% during the forecast period up to 2028. Contributing to this surge are the rising demand for electric two-wheelers, technological advancements in battery management systems, and increasing governmental support across the globe. Key Market Drivers An important aspect driving this market is consumer preference for sustainable and efficient modes of transportation in metropolitan regions, which has significantly bolstered the adoption rate of electric two-wheelers. Additionally, BMS is integral to maximizing battery health and longevity, essential in addressing safety concerns related to the operation of these vehicles
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