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Global Electric Two-Wheeler Lithium-Ion Battery Management System Market to Reach US$ 3,201.2 Million by 2032, Facilitated by Increasing Sales of Electric Two-Wheeler Vehicles

August 28, 2023 | Energy & Mining

According to the latest report by IMARC Group, titled “Electric Two-Wheeler Lithium-Ion Battery Management System Market by Topology (Centralized, Distributed, Modular), Vehicle Type (Pedelecs, Scooters, Motorcycles), and Region 2024-2032,” the global electric two-wheeler lithium-ion battery management system market size reached US$ 704.5 Million in 2023. Electric two-wheeler lithium-ion battery management system (BMS) is an integral component in electric two-wheelers like scooters and motorcycles. It ensures the efficient and safe operation of the lithium-ion battery by monitoring and managing various aspects, such as voltage, temperature, charge, and discharge. It keeps track of the voltage levels across the individual cells in the battery pack to ensure that they are balanced and operating within safe limits.

Global Electric Two-Wheeler Lithium-Ion Battery Management System Market Trends:

The increasing sales of electric two-wheeler vehicles on account of the growing global population, rapid urbanization, and inflating income levels of individuals represent one of the major factors catalyzing the demand for electric two-wheeler lithium-ion (BMS) around the world. Moreover, rising number of automotive manufacturing plants and substantial improvements in the automotive infrastructure are augmenting the growth of the market. In addition, measures undertaken by governing agencies of numerous countries to promote the use of electric two-wheeler vehicles and reduce carbon emissions due to the growing environmental awareness among individuals are influencing the market positively. Apart from this, inflating prices of petrol, increasing inclination towards fuel-efficient and high-performance vehicles, and the rising awareness about the economic and ecological benefits of adopting EVs are strengthening the growth of the market. Furthermore, the integration of artificial intelligence (AI) in electric two-wheeler lithium-ion battery BMS to improve battery performance and extend its service life by analyzing the user riding patterns and preferences is propelling the growth of the market. Looking forward, the market value is projected to reach US$ 3,201.2 Million by 2032, expanding at a CAGR of 18.25% during 2024-2032.

Market Summary:

  • Based on the topology, the market has been divided into centralized, distributed, and modular. Presently, modular holds the largest market share.
  • On the basis of the vehicle type, the market has been segregated into pedelecs, scooters, and motorcycles. Scooters currently account for the biggest share in the market.
  • Region-wise, the market has been segmented into North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Amongst these, Asia Pacific enjoys the leading position in the market.
  • The competitive landscape of the market has also been examined, with some of the key players being Leclanché SA, Sensata Technologies, Inc., and Shenzhen Litongwei Electronics Technology Co., Ltd.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Topologies Covered Centralized, Distributed, Modular
Vehicle Types Covered Pedelecs, Scooters, Motorcycles
Regions Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Leclanché SA, Sensata Technologies, Inc., Shenzhen Litongwei Electronics Technology Co., Ltd., etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
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)

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Global Electric Two-Wheeler Lithium-Ion Battery Management System Market to Reach US$ 3,201.2 Million by 2032, Facilitated by Increasing Sales of Electric Two-Wheeler Vehicles
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