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Battery Management System (BMS) Market Growth Factors, Size and Analysis till 2023

Global Battery Management System (BMS) Market is anticipated to expand at a significant CAGR of 11.6% in the upcoming period as the scope, product types, and its applications are increasing across the globe. A battery management system is an electronic system that manages a rechargeable battery, such as by monitoring its state, by protecting the battery from operating outside its safe operating area, calculating secondary data, controlling its environment, authenticating it, and/or balancing it and reporting that data.

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