Europe Battery Management System Market Forecast (2017-2025)

Year GERMANY SPAIN FRANCE UNITED KINGDOM ITALY REST OF EUROPE
2017 $ 170.5 $ 71.8 $ 99.8 $ 146.2 $ 129.7 $ 106.6
2018 $ 204.0 $ 83.8 $ 117.8 $ 176.3 $ 152.08 $ 127.6
2019 $ 244.2 $ 98.0 $ 139.1 $ 212.7 $ 178.4 $ 152.9
2020 $ 292.8 $ 114.8 $ 164.7 $ 257.1 $ 209.73 $ 183.6
2021 $ 351.5 $ 134.7 $ 195.4 $ 311.4 $ 247.04 $ 220.8
2022 $ 422.1 $ 158.3 $ 232.0 $ 377.5 $ 291.24 $ 265.9
2023 $ 508.9 $ 186.8 $ 276.6 $ 459.6 $ 344.87 $ 321.5
2024 $ 613.4 $ 220.4 $ 329.9 $ 559.7 $ 408.43 $ 388.9
2025 $ 739.0 $ 260.1 $ 393.5 $ 681.7 $ 483.77 $ 470.4
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Europe Battery Management System Market Forecast (2017-2025)

Synopsis
The above chart is Global Battery Management System market [2017-2025] by Europe

Market Dynamics

germany accounted for the largest market share in 2018 in the europe battery management system market, and is expected to reach usd 739.00 million in 2025 from usd 204.00 million in 2018. however, united kingdom is the fastest growing market, which is expected to grow at a cagr of 21.42% during the forecast period 2019 - 2025. automotive segment accounted for the largest market share in 2018, this market is expected to reach usd 912.50 million in 2025 from usd 202.10 million in 2018. this market is projected to grow at a cagr of 24.02% during the forecast period from 2019 - 2025. lithium ion based segment accounted for the largest market share in 2018, this market is expected to reach usd 1467.40 million in 2025 from usd 403.80 million in 2018. this market is projected to grow at a cagr of 20.35% during the forecast period from 2019 - 2025. however, lithium ion based segment is the fastest growing market, which is expected to grow at a cagr of 20.35% during the forecast period 2019 - 2025. centralized segment accounted for the largest market share in 2018, this market is expected to reach usd 1481.20 million in 2025 from usd 416.90 million in 2018. this market is projected to grow at a cagr of 19.96% during the forecast period from 2019 - 2025. however, modular segment is the fastest growing market, which is expected to grow at a cagr of 20.48% during the forecast period 2019 - 2025. hardware segment accounted for the larger market share in 2018, this market is expected to reach usd 1654.00 million in 2025 from usd 530.60 million in 2018. this market is projected to grow at a cagr of 17.71% during the forecast period from 2019 - 2025. however, software and services segment is the fastest growing market, which is expected to grow at a cagr of 22.67% during the forecast period 2019 - 2025.

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