Battery Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Battery Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A2466
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Market Overview:

The global battery management system market is expected to exhibit a CAGR of 18.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

The battery management system (BMS) refers to an electronic regulator that monitors the usage and performance of the battery. It ensures that the battery does not operate above maximum voltage and current levels and collects and analyzes operational data from individual cells in the battery pack. It is also used for protecting the battery pack from getting over-charged or discharged, calculating the amount of energy remaining in the battery and continuously checking for shorts, loose connections or breakdowns in wire insulation. As a result, BMS finds extensive applications across various industries, such as automotive, telecommunications, healthcare, consumer electronics, and renewable energy systems.

 

 
 

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The significant increase in the demand for electric vehicles (EVs) and hybrid electric vehicles (HEVs) across the globe, due to growing environmental consciousness, is one of the key factors creating a positive outlook for the market. In line with this, widespread adoption of battery-operated vehicles in the public transport fleet is also stimulating the growth of the market. EVs, HEVs and electric bikes use BMS to manage lithium-ion batteries for higher energy densities and longer operational life than traditional batteries. This, in turn, is facilitating the demand for BMS in the automotive sector. Moreover, with the increasing installations and modernization of off-grid renewable energy generation plants, there is an escalating requirement for efficient BMS solutions for power flow measurement, controlled power production and distribution and monitoring information on electricity usage. Other factors, including the growing utilization of rechargeable batteries in consumer electronics, along with the development of innovative cloud-based battery management systems, are anticipated to drive the market further.  

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global battery management system market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on battery type, type, topology and application.

Breakup by Battery Type:

 

 
 

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  • Lithium-Ion Based
  • Lead-Acid Based
  • Nickel Based
  • Others
     

Breakup by Type:

  • Motive Battery
  • Stationary Battery
     

Breakup by Topology:

  • Centralized
  • Distributed
  • Modular
     

Breakup by Application:

  • Automotive
    • Electric Vehicles
    • E-Bikes
    • Golf Carts
  • Military and Defense
  • Healthcare
  • Consumer Electronics
  • Telecommunications
  • Renewable Energy Systems
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Eberspaecher Vecture, Elithion Inc., Johnson Matthey, Leclanche, Lithium Balance, Navitas Systems LLC (East Penn Manufacturing Company), Nuvation Engineering, NXP Semiconductor N.V., Storage Battery Systems LLC and Valence Technology Inc. (Lithium Werks B.V.).

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Battery Type, Type, Topology, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Eberspaecher Vecture, Elithion Inc., Johnson Matthey, Leclanche, Lithium Balance, Navitas Systems LLC (East Penn Manufacturing Company), Nuvation Engineering, NXP Semiconductor N.V., Storage Battery Systems LLC and Valence Technology Inc. (Lithium Werks B.V.)
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global battery management system market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global battery management system market?
  • What are the key regional markets?
  • What is the breakup of the market based on the battery type?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the topology?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global battery management system market and who are the key players?
  • What is the degree of competition in the industry?

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Battery Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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