Battery Management System Market Size, Industry Share, Business Challenges, Major Key Players and Forecast 2027

October 18 19:02 2022
Battery Management System Market Size, Industry Share, Business Challenges, Major Key Players and Forecast 2027
Battery Management System (BMS) Market Size 2027
Battery management system (BMS) is an electrical regulator that monitors the performance and usage of a battery.

According to the latest report by IMARC Group, titled “Battery Management System Market: Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027,” the global Battery Management market is expected to exhibit a CAGR of 18.9% during 2022-2027.

Market Overview:

 It ensures that the battery operates below the maximum voltage and current levels and collects and analyzes operational data from individual cells. A battery management system is also used for calculating the amount of energy remaining, protecting the battery pack from getting over-charged or discharged, and continuously checking for shorts, loose connections, or breakdowns in wire insulation. As a result, it finds widespread utilization across various sectors, such as telecommunications, healthcare, automotive, consumer electronics, renewable energy, etc.

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Market Trends:

The escalating requirement for electric vehicles (EVs) and hybrid electric vehicles (HEVs) across the globe, on account of the rising environmental consciousness, is among the primary factors driving the battery management system market. Besides this, the elevating demand for these regulators in electronic automobiles to manage lithium-ion batteries for longer operational life and higher energy densities than traditional batteries is further augmenting the market growth. Apart from this, the growing popularity of battery management solutions for power flow measurement, controlled energy production and distribution, and monitoring information on electricity usage is also catalyzing the global market. Moreover, the emerging trend of modernization in off-grid renewable power generation plants is acting as another significant growth-inducing factor. Furthermore, the increasing need for rechargeable batteries in consumer electronics and the development of innovative cloud-based techniques are anticipated to propel the battery management system market over the forecasted period.  

Report Scope of Battery Management System Market:

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$ 2499Five User License: US$ 3499Corporate 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)

Competitive Landscape: 

·      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

·      Valence Technology Inc.

·      Lithium Werks B.V.

Breakup by Battery Type:

·      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

o   Electric Vehicles

o   E-Bikes

o   Golf Carts

·      Military and Defense

·      Healthcare

·      Consumer Electronics

·      Telecommunications

·      Renewable Energy Systems

·      Others

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

 

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Key highlights of the report:                                                           

Market Performance (2016-2021) Market Outlook (2022-2027)Market TrendsMarket Drivers and Success FactorsImpact of COVID-19Value Chain AnalysisComprehensive mapping of the competitive landscapeIf you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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