The global battery monitoring system (BMS) market is characterized by the presence of many global, regional, and local vendors. The market is highly competitive, with all the players constantly competing to gain a larger market share. High competition, rapid advances in technology, frequent changes in government policies, and stringent environmental regulations are some of the key factors that could restrain market growth. The vendors compete based on cost, product quality, reliability, and aftermarket services. It is crucial for vendors to provide cost-effective and efficient products to survive and succeed in a competitive market environment.
The growth of market vendors is dependent on market conditions, government support, and industrial development. Thus, the vendors should focus on expanding their presence and improving their services. Cell watch (NSDL), Power shield, Texas Instrument, Sockmen, and Eagle eye power solutions, LLC are some of the major players in the market. These companies compete in terms of availability, quality, price, and technology. They are primarily focused on product development as their key strategy in the global battery monitoring system (BMS) market.
Although international players are dominating the market, regional players with small shares also have a significant presence in the market. The international players may strengthen their presence in the global market by heavily investing in product development during the forecast period.
Cell watch (NSDL) is one of the prominent players in the market. The company offers a comprehensive range of battery monitoring systems across various industries vertically. Additionally, the company’s product is complied with all the essential regulatory frameworks, thereby making the product one of the popular choices among enterprises operating in industry vertically.
Vertiv Holdings Co (Vertiv): Vertiv Holdings Co (Vertiv), formerly known as GS Acquisition Holdings Corp, was initially incorporated in Delaware (US) on April 25, 2016. The company designs, manufactures, and offers services of critical digital infrastructure. Vertiv provides solutions to data centers, communication networks, and commercial & industrial application areas. The company sells its solutions in more than 45 countries across the Americas, Asia Pacific, and Europe, the Middle East and Africa (EMEA).
Vertiv provides a broad range of offerings, which include power monitoring products, thermal monitoring products, integrated rack systems, modular solutions, and monitoring systems for monitoring and controlling digital infrastructure. The company’s key customers are concentrated in three main end markets, including the data center (hyperscale/cloud, colocation, enterprise, and edge), communication networks, and commercial and industrial environments. In 2019, Vertiv spent USD 198.3 million on research and development (R&D).
Cellwatch: Cellwatch is the provider of a battery monitoring solution for critical battery protection applications. The company is part of NDSL Group LTD. Cellwatch has been uniquely designed to monitor batteries every day, delivering unmatched monitoring technology to protect customers from downtime. Cellwatch was the first modular battery monitoring system on the market. Some of the key customers with which the company has worked closely include Green Mountain (for its Data Centre to prevent downtime and achieves greater sustainability), Sentinel (for its data center), Columbus regional airport authority, and regions bank.
