Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Artificial Intelligence

Electric Two-Wheeler Lithium-Ion BMS Market Size to Garner $5.6 Billion, Globally, by 2031 at 20.3% CAGR: Allied Market Research

Published

on

 

Allied Market Research published a report, titled, Electric Two-Wheeler Lithium-ion Battery Management System Market by Vehicle Type (Pedelecs, Scooters, and Motorcycles), and Topology (Centralized, Distributed, and Modular): Global Opportunity Analysis and Industry Forecast, 2022–2031″. According to the report, the global electric two-wheeler lithium-ion battery management system industry generated $0.90 billion in 2021 and is anticipated to generate $5.6 billion by 2031, witnessing a CAGR of 20.3% from 2022 to 2031.

Download Sample of Research Report Overview – https://www.alliedmarketresearch.com/request-sample/8260

A battery management system (BMS) is an electronic system that controls and maintains the battery pack of an electric two-wheeler. Electric two-wheelers are powered by lithium-ion batteries. The battery management system (BMS) continuously monitors a variety of battery parameters, including voltage, current flow, temperature, and charge state. The BMS actively balances the various cells in the battery pack to ensure that they are uniformly charged and discharged. This balancing process helps to improve the battery pack capacity and lifespan. The BMS also provides essential information to the vehicle’s control system, allowing for accurate range estimation and efficient management of the electric powertrain.

Prime Determinants of Growth: 

The global electric two-wheeler lithium-ion battery management system market growth is attributed to the increase in the adoption of electric vehicles (EVs) and hybrid electric vehicles (HEVs), a rise in industry preference for the use of lithium-ion batteries, and growth in the adoption of rechargeable batteries across multiple end-use industries. However, the rise in the overall price of products with the addition of the battery management system hinders the growth of the market. Moreover, an increase in the adoption of cloud-connected battery management systems, growth in demand for renewable energy, and rise in demand for e-bikes and e-scooters provide remarkable growth opportunities for players operating in the market.

Leading Market Players: – 

  • Elithion Inc
  • Jiangsu Xinri E-Vehicle Co
  • Leclanche
  • Lithium Balance
  • Mahindra & Mahindra Ltd
  • Navitas System LLC
  • Nuvation Energy
  • NXP Semiconductors
  • Renesas Electronics Corporation,
  • Shenzhen Litongwei Electronics Technology Co., Ltd
  • Yamaha Motor Co., Ltd.
  • Texas Instruments Incorporated

The report provides a detailed analysis of these key players in the global electric two-wheeler lithium-ion battery management system market. These players have adopted strategies such as new product launches to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Procure Complete Research Report Now – https://www.alliedmarketresearch.com/electric-two-wheeler-lithium-ion-battery-management-system-market/purchase-options

Electric Two-Wheeler Lithium-Ion BMS Industry Report Coverage & Details: 

Report Coverage 

Details 

Forecast Period 

2022–2031 

Base Year 

2021

Market Size in 2021 

$0.90 Billion 

Market Size in 2031 

$5.6 Billion 

CAGR 

20.3 %

No. of Pages in Report 

229

Segments Covered 

Vehicle Type, Topology, and Region 

Drivers  

Increase in adoption of electric vehicles (EVs) and hybrid electric vehicles (HEVs) 

Rise in industry preference for use of lithium-ion batteries 

Growth in adoption of rechargeable batteries across multiple end-uses 

Opportunities 

Increase in adoption of cloud-connected battery management systems 

Growth in demand for e-bikes and e-scooters 

Restraints 

Increase in the overall price of the product with the addition of a battery management system 


COVID-19 Scenario: 

  • The pandemic had a negative impact on the global electric two-wheeler lithium-ion battery management systems market, due to worldwide lockdown, halt in manufacturing activities, and trade restrictions.
  • Post-pandemic, there has been a resurgence in the demand for electric vehicles, owing to greater adoption of clean energy sources, emission restrictions, and supportive government policies, thereby driving the demand for the global electric two-wheeler lithium-ion battery management system systems.

The modular segment to maintain leadership status during the forecast period-

Based on topology, the modular segment held the highest market share in 2021, accounting for nearly half of the global electric two-wheeler lithium-ion battery management system market revenue, and is estimated to maintain its leadership status during the forecast period. Owing to advantages, such as scalability based on requirement, lower maintenance cost, and noise immunity. However, the distributed segment is expected to register the highest CAGR of 21.7% from 2022 to 2031. Distributed battery management system provides improved precision, owing to the presence of dedicated microcontrollers for each cell and are cheaper.

The scooters segment to maintain its leadership status during the forecast period- 

Based on vehicle type, the scooter segment held the highest market share in 2021, accounting for more than two-fifths of the global electric two-wheeler lithium-ion battery management system market revenue, and is expected to maintain its leadership status during the forecast period. Mopeds and scooters are gaining traction in the electric two-wheeler lithium-ion battery management system market as they are filling a medium-trip-sized gap in micro-mobility. On the other hand, the motorcycle segment is projected to manifest the highest CAGR of 23.0% from 2022 to 2031. Electric motorcycles aid in a significant reduction of carbon dioxide (CO2) emissions, carbon footprints, and noise pollution, thereby gaining popularity over internal combustion engine (ICE) powered motorcycles. In addition, companies operating in the industry are focusing on developing electric motorcycles with maximum torque and high power to cater to the growing market trend of high speed and long range.

Interested to Procure the Research Report? Inquire Before Buying – https://www.alliedmarketresearch.com/purchase-enquiry/8260

Artificial Intelligence

Appian Named a Leader in the 2024 Gartner® Magic Quadrant™ for Process Mining Platforms Report

Published

on

appian-named-a-leader-in-the-2024-gartner-magic-quadrant™-for-process-mining-platforms-report

LONDON, May 3, 2024 /PRNewswire/ — Appian (Nasdaq: APPN) today announced it has been named a Leader by Gartner in its 2024 Magic Quadrant for Process Mining Platforms report. The report evaluated 18 vendors and their product offerings. For more information, download a complimentary copy of the Gartner Process Mining 2024 report. 

Gartner defines Process Mining platforms as tools that deliver visibility and insights to technology innovation leaders that enable smart decision making and strong performance on an organisation’s critical priorities. Features that make Appian a leader in Process Mining, include:
Faster data prep that eliminates complex transformation with always-ready data from multiple sources.Automated process analysis and intelligent recommendations for where and how to take action.A low-code experience for measuring, monitoring, and optimising process performance—all within one platform.”We believe that Appian’s recognition in the Gartner Process Mining Platforms Magic Quadrant underscores our dedication to process excellence. Through Process HQ, we integrate data fabric, process mining, machine learning, and generative AI to streamline manual data prep, enabling businesses to gain insights swiftly and implement improvements easily,” said Michael Beckley, CTO and Founder of Appian. “Our unified approach merges Process Mining with AI-driven process automation, setting a new standard for efficiency and intelligence.”
Business users need greater visibility into the full breadth of their enterprise data and processes in order to maximise operational efficiency and strategic decision-making. By combining the latest technologies in data fabric, process mining, machine learning, and generative AI, Process HQ helps monitor and improve every business process built on Appian. Process HQ makes it easy to reduce costs, risks, and delays, improve compliance, and drive better business outcomes, without the need for costly and time-consuming data collection efforts.
Appian is now an industry leader across its value proposition to Design, Automate, and Optimise the most complex business processes. In addition to today’s announcement, Appian was named a Leader in the 2023 Gartner® Magic Quadrant™ for Enterprise Low-Code Application Platforms report, and was ranked #1 for the Business Workflow Automation with Integration Use Case in the 2023 Gartner® Critical Capabilities for Enterprise Low-Code Application Platforms (LCAP) report.
To access the report and to learn more about Appian’s positioning, visit https://ap.pn/3y2ClZy. Register for our upcoming webinar Process Intelligence Made Easy: The Key to Better Business Decisions on June 20, 2024 at 12pm EST to discover how Process HQ can improve business processes.
Gartner disclaimerGartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organisation and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.
About Appian
Appian is a software company that automates business processes. The Appian AI Process Platform includes everything you need to design, automate, and optimise even the most complex processes, from start to finish. The world’s most innovative organisations trust Appian to improve their workflows, unify data, and optimise operations—resulting in better growth and superior customer experiences. For more information, visit appian.com. [Nasdaq: APPN]
Follow Appian: LinkedIn, X, and X (UK).
Photo – https://mma.prnewswire.com/media/2403879/Appian_Garter_Gartner_MQ_ProcessMining.jpg
Logo – https://mma.prnewswire.com/media/1948800/Appian_400px_Blank_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/appian-named-a-leader-in-the-2024-gartner-magic-quadrant-for-process-mining-platforms-report-302135161.html

Continue Reading

Artificial Intelligence

Innodisk Introduces iCAP Air: Advancing Air Quality Management through Autonomous Decision-Making

Published

on

innodisk-introduces-icap-air:-advancing-air-quality-management-through-autonomous-decision-making

TAIPEI, May 3, 2024 /PRNewswire/ — Innodisk, a global leader in AI solutions, has taken a pivotal step forward in environmental sustainability with the launch of its latest innovation, the “iCAP Air” air quality management solution. This solution empowers businesses worldwide to enhance air quality, sustainability, and human health. Additionally, business can benefit from monthly AI-generated air quality data report, providing valuable insights for informed decision-making.

Leveraging its expertise in edge computing and software and hardware integration, along with the expertise of its subsidiary Sysinno in air quality detection, Innodisk has achieved the development of the “iCAP Air” air quality management solution. This solution integrates advanced technology, including the innovative “iAeris7” air quality detector from Sysinno, to deliver accuracy in detecting temperature, humidity, fine suspended particles (PM2.5), suspended particles (PM10), carbon dioxide (CO2), formaldehyde and total volatile organic compounds (TVOC). It can also be customized to detect NO2, SO2, CO, NH3, and other air factors. At the same time, the iAeris7 device is known for its reliability, patented technology, and various international certifications, including those from SGS and FCC/CE/RoHS/NCC/BSMI.
The solution also includes the “iCAP Air Server,” designed to manage large-scale deployment and data from up to 100 air quality detectors, ensuring seamless integration and efficient operation, even in complex environments. Additionally, iCAP Air provides a user-friendly air quality management platform, enabling organizations to monitor air quality in real-time via a mobile app or internet browser, receive automatic alerts, and optimize air purification or exhaust ventilation system.
iCAP Air is a comprehensive solution that simplifies air quality management for users. It is tailored for medium to large-sized sites or densely populated, enclosed spaces such as medical institutions, smart manufacturing facilities, public transportation hubs, indoor parking facilities, and department stores. Innodisk’s “iCAP Air” air quality management solution represents a milestone for all businesses committed to leveraging technology for the greater good of air quality and society.
Photo – https://mma.prnewswire.com/media/2404226/Press_Photo_iCAP_Air_Overview.jpgLogo – https://mma.prnewswire.com/media/826938/Innodisk_Corporation_Logo.jpg 

View original content:https://www.prnewswire.co.uk/news-releases/innodisk-introduces-icap-air-advancing-air-quality-management-through-autonomous-decision-making-302135455.html

Continue Reading

Artificial Intelligence

Bitrue expands Bitcoin Runes Offerings with GPTV Listing and Staking Options

Published

on

bitrue-expands-bitcoin-runes-offerings-with-gptv-listing-and-staking-options

VICTORIA, Seychelles, May 3, 2024 /PRNewswire/ — Leading digital asset exchange Bitrue continues its community-driven approach with the listing of a new Bitcoin Runes token, GPTV•AI•PEPE•KING (GPTV). This follows the recent addition of several other Bitcoin Runes tokens to the platform, including SATOSHI•NAKAMOTO (SATOSHI), LOBO•THE•WOLF•PUP (LOBO), RSIC•GENESIS•RUNE (RSIC), and DOG•GO•TO•THE•MOON (DOG). Trading for the GPTV/USDT pair commenced on April 30th, 2024.

What is GPTV?
GPTV is the native token of AI PEPE KING, a project claiming to be the “largest AI Meme Community” with a presence on both the Polygon (AIPEPE) and Bitcoin Runes (GPTV) blockchains. Notably, AI PEPE KING secured a $10 million investment to develop AI-powered customer service tools leveraging the ChatGPT technology. Additionally, they are building a “Dream Lottery” system. Revenue generated from these products is earmarked for buybacks and burns of both AIPEPE and GPTV tokens, potentially influencing their long-term value.
Staking Opportunities with Attractive Yields
Bitrue is also offering users staking opportunities for those holding BTR, AIPEPE, RSIC, or DOG tokens. By staking their holdings, users can earn rewards in GPTV, with estimated annual percentage yield (APY) varying on the staked token, with BTR offering 22.15%, AIPEPE at 23.18%, RSIC boasting a higher 31.37%, and DOG coming in at 23.62%. These yields present a potentially lucrative opportunity for users to grow their cryptocurrency holdings, but also come with financial risk and the potential for investment to return much lower yields.
Bitrue’s Focus on Community Engagement
The listing of these Bitcoin Runes tokens is a testament to Bitrue’s commitment to its user base. The decision to add these tokens stemmed from a community poll conducted through an X poll on Bitrue’s X account. This highlights the exchange’s dedication to incorporating community feedback into its decision-making process, fostering a sense of collaboration and shared interest.
With the addition of GPTV and the introduction of staking opportunities, Bitrue continues to expand its offerings for users interested in the burgeoning world of Bitcoin Runes tokens. The exchange’s focus on community engagement further strengthens its position as a platform that prioritizes user input and satisfaction.
About Bitrue
Launched in July 2018, Bitrue is a diversified digital asset exchange that supports trading, loans and investments. Bitrue aims to utilize blockchain technology to bring financial opportunities to everybody regardless of their location or financial position. With offices in Asia and Europe, the business continues to develop new features at a rapid speed to fully service the new wave of the digital economy. More information is available at Bitrue’s website.
Logo – https://mma.prnewswire.com/media/2385358/Bitrue_BitrueOfficial_Bitrue_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/bitrue-expands-bitcoin-runes-offerings-with-gptv-listing-and-staking-options-302135402.html

Continue Reading

Trending