Paul Goossens, Vice President, Engineering Solutions
Maplesoft

Demand growth for rechargeable batteries in products such as portable electronic devices, electrified vehicles (EVs) and decentralized power utilities (smart grids) is nothing short of robust. With forecasted annual growth pegged at 8 percent by the Freedonia Group, the global battery market will reach almost $74 billion this year. Rechargeable batteries will account for about 82 percent of that, or $60 billion, according to market researcher Frost & Sullivan.

Read more about Real-Time Battery Modeling in HiL Testing of Battery Management Systems …