Europe Battery Management System Market By Component Forecast (2017-2025)

Year HARDWARE SOFTWARE & SERVICES
2017 $ 452.6 $ 271.8
2018 $ 530.6 $ 331.0
2019 $ 621.9 $ 403.4
2020 $ 730.0 $ 492.6
2021 $ 858.0 $ 602.8
2022 $ 1008.7 $ 738.2
2023 $ 1190.2 $ 908.0
2024 $ 1403.5 $ 1117.1
2025 $ 1654.0 $ 1374.5
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Europe Battery Management System Market By Component Forecast (2017-2025)

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

Market Dynamics

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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