Rising EV Adoption and Renewable Energy Demand to Drive BMS Market Growth by 2034
The Global Battery Management System (BMS) Market is set for remarkable growth, with its value projected to surge from US$ 9.2 billion in 2023 to an impressive US$ 56.4 billion by 2034. This represents a robust compound annual growth rate (CAGR) of 17.6% over the forecast period. As battery technology evolves, the role of BMS in optimizing battery performance, safety, and durability has become...
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