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Stock impact report

Battery Management System Market Report 2024 and Forecasts to 2029 - Software Segment is Set to Outpace Hardware Growth at a CAGR of 15%, Driven by the Incorporation of AI and IoT Technolo...

Texas Instruments Incorporated (TXN) 
Last texas instruments incorporated earnings: 4/21 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Manufacturers, Regions, Technology, Application" report has been added to ResearchAndMarkets.com's offering. The Battery Management System (BMS) market has seen significant growth in recent years due to the rising demand for energy-efficient solutions in multiple sectors, including automotive, consumer electronics, and industrial applications. A BMS is a critical component in managing battery packs, ensuring optimal performance, safety, and longevity of batteries. The evolution of electric vehicles (EVs) and renewable energy sources has further driven the demand for advanced BMS technologies. As of October 2023, the global Battery Management System market was estimated to be valued at approximately $8.6 billion, with expectations of reaching $17.2 billion by 2029, growing at a CAGR (Compound Annual Growth Rate) of around 12.3% during the forecast period from 2024 to 2029. This growth is primarily attributed to the increasing adoption of electric vehicles (EVs) and the growing need Show less Read more
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