Smart BMS Features for Vietnam''s Humid and Urban Regions –
Smart Battery Management Systems (BMS) are essential for ensuring the longevity and efficiency of battery packs, especially in regions with high humidity like Vietnam.
It can be called the brain of the battery that helps enhance its safety, performance, charging rates, and longevity. A BMS manages four key parameters: current, voltage, temperature, and battery capacity.
Major Battery Management System Companies Include: LG Energy Solution, Ltd. (South Korea). These companies focus on strengthening their market positions by improving their product offerings and partnering with industrial stakeholders to expand their geographic reach. To know about the assumptions considered for the study download the pdf brochure
The global Battery Management System (BMS) Market is expected to grow from USD 7.8 billion in 2023 to USD 18.4 billion by 2028, at a CAGR of 18.7% from 2023 to 2028. A battery management system is an electronic system that monitors and manages the operation and functionality of a rechargeable battery such as lithium-ion.
The main functions of a battery management system include protecting the battery from damage due to overcharging; ensuring safe operation, cell balancing, voltage, and temperature control; and determining the state of charge (SoC) and the state of health (SoH) of the battery.
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