Wednesday, 20 December 2017

Electric Vehicle Battery Current Sensor Market 2017-2021

MRC Announces the Publication of its Research Report – Global Electric Vehicle Battery Current Sensor Market 2017-2021
MRC recognizes the following companies as the key players in the global electric vehicle battery current sensor market: DENSO, Delphi Automotive, Continental, and TE Connectivity
Other Prominent Vendors in the market are: Allegro MicroSystems, Asahi Kasei Microdevices, BYD Company, KOHSHIN ELECTRIC, and Standard Motor Products.
Commenting on the report, an analyst from MRC’s team said: “The latest trend gaining momentum in the market is Customer programmable monolithic sensor integrated circuit (IC) featuring Triaxis technology. The customer programmable monolithic sensor IC featuring the Triaxis technology provides new opportunities for contactless current sensing in renewable energy applications, HEVs, and EVs. With the help of this sensor, users can construct small and economical battery current sensor solutions with fast response time.”

According to the report, one of the major drivers for this market is Improved cell performance in EV batteries will improve the performance of EVs and reduce their price. Though economic and environmental factors are in favor of EVs, the main limitation in the adoption of EVs is the battery technology. The scalability and micro-level manufacturing tolerance enjoyed by silicon chips are not enjoyed by lithium ion batteries. Lithium is a highly unstable element due to which lithium ion batteries are fire hazardous. They are prone to overheating and catching fire. Constant monitoring of cells is required to prevent the lithium ion batteries in EVs from catching fire. This requires numerous voltage sensors and a current sensor.

Further, the report states that one of the major factors hindering the growth of this market is Current sensor failure leads to failure of BMS. A BMS is essential to operate EVs and HEVs effectively in all climates. The life and cost of EVs and HEVs depend upon the battery performance. The availability of discharge power is influenced by the battery temperature during energy recovery from regenerative braking.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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