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The global battery management system market attained a value of approximately USD 5 billion in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of about 20% to reach a value of nearly USD 15 billion by 2026.
The market is being driven by the reducing prices of photovoltaic cells as well as solar prices and also the favourable government subsidies to use renewable energy. The Asia Pacific is the leading region for the battery management system market.
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A battery management system (BMS) refers to an electronic regulatory system that monitors as well as controls battery charging and unloading. Different types of battery management systems are used in most rechargeable battery devices. They are also common in data centres where servers are held online by UPS (uninterruptible power supplies). Cars have battery management systems, particularly electric cars, and so do regular portable devices such as MP3 and smartphones.
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Based on the battery type, the market can be divided into the following:
On the basis of component, the market can be divided into hardware and software.
Hardware is further divided as follows:
Based on topology, the market can be segmented into:
The market can be broadly categorised based on its application sectors into:
The automotive segment can be further divided into electric vehicles, e-bikes, and automated guided vehicles. Portable devices are further segmented into consumer electronics, portable power tools, and portable batteries
The EMR report looks into the regional markets of battery management system like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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The market is being driven by the rising global adoption of electric vehicles and electric hybrids, as a result of the strict policies implemented to reduce greenhouse gas (GHG) emissions, such as the Kyoto protocol. EVs employ a lithium-ion technology with higher energy densities, lower masses, and longer battery life. The battery management system market is expected to be boosted by the rising demand for lithium-ion battery.
The report presents a detailed analysis of the following key players in the global battery management system market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
2.6 Market Outlook
2.7 Market Scope and Segmentation
2.8 Additional Insights
3 Executive Summary
3.1 Key Market Developments
3.2 Market Analysis
3.3 Key Players
3.4 Cost Structure
3.5 Market Revenue and Growth
4 Market Dynamics
4.1 Market Driver Analysis
4.2 Market Restraint Analysis
4.3 Industry Challenges
4.4 Industry Opportunities
5 Global Battery Management System Market Analysis
5.1 Global Battery Management System Historical Market (2016-2020) & Forecast (2021-2026)
5.2 Global Battery Management System Market Breakup by Battery Type
5.2.1 Lithium-Ion–Based Batteries
5.2.2 Advanced Lead-Acid Batteries
5.2.3 Flow Batteries
5.2.4 Nickel-Based Batteries
5.3 Global Battery Management System Market Breakup by Battery Historical Market (2016-2020) & Forecast (2021-2026)
5.3.1 Lithium-Ion–Based Batteries
5.3.2 Advanced Lead-Acid Batteries
5.3.3 Flow Batteries
5.3.4 Nickel-Based Batteries
5.4 Global Battery Management System Market Breakup by Component
184.108.40.206 Battery Control Unit
220.127.116.11 Power Management IC
18.104.22.168 Communication Channel
5.5 Global Battery Management System Market Breakup by Component: Historical Market (2016-2020) & Forecast (2021-2026)
22.214.171.124 Battery Control Unit
126.96.36.199 Power Management IC
188.8.131.52 Communication Channel
5.6 Global Battery Management System Market by Topology
5.7 Global Battery Management System Market by Topology: Historical Market (2016-2020) & Forecast (2021-2026)
5.8 Global Battery Management System Market by Application
184.108.40.206 Electric Vehicles
220.127.116.11 Automated Guided Vehicles
5.8.4 Portable Device
18.104.22.168 Consumer Electronics
22.214.171.124 Portable Power Tools
126.96.36.199 Portable Batteries
5.8.6 Renewable Energy System
5.8.7 Uninterrupted Power Supply (UPS)
5.9 Global Battery Management System Market by Application: Historical Market (2016-2020) & Forecast (2021-2026)
188.8.131.52 Electric Vehicles
184.108.40.206 Automated Guided Vehicles
5.9.4 Portable Device
220.127.116.11 Consumer Electronics
18.104.22.168 Portable Power Tools
22.214.171.124 Portable Batteries
5.9.6 Renewable Energy System
5.9.7 Uninterrupted Power Supply (UPS)
5.10 Global Battery Management System Market by Region
5.10.1 North America
126.96.36.199 United States of America
188.8.131.52 United Kingdom
5.10.3 Asia Pacific
5.10.4 Latin America
5.10.5 Middle East & Africa
184.108.40.206 Saudi Arabia
220.127.116.11 United Arab Emirates
18.104.22.168 South Africa
5.11 Global Battery Management System Market by Region: Historical Market (2016-2020) & Forecast (2021-2026)
5.11.1 North America
22.214.171.124 United States of America
126.96.36.199 United Kingdom
5.11.3 Asia Pacific
5.11.4 Latin America
5.11.5 Middle East & Africa
188.8.131.52 Saudi Arabia
184.108.40.206 United Arab Emirates
220.127.116.11 South Africa
6 SWOT Analysis
7 Porter’s Five Forces Analysis
7.2 Buyer’s Power
7.3 Supplier’s Power
7.4 New Entrants
7.5 Degree of Rivalry
8 Value Chain Analysis
9 EMR’s Key Indicators for Demand
10 EMR’s Key Indicators for Price
11 Competitive Landscape & Supplier Analysis
11.1 Johnson Matthey PLC. (JMAT: LON)
11.1.1 Company Overview
11.1.2 Financial Analysis
11.2 Lithium Balance A/S
11.2.1 Company Overview
11.2.2 Financial Analysis
11.3 Nuvation Engineering
11.3.1 Company Overview
11.3.2 Financial Analysis
11.4 Valence Technology, Inc.
11.4.1 Company Overview
11.4.2 Financial Analysis
11.5 Intersil Corporation
11.5.1 Company Overview
11.5.2 Financial Analysis
11.6 Linear Technology Corporation
11.6.1 Company Overview
11.6.2 Financial Analysis
11.7 NXP Semiconductors N.V. (NXPI: NASDAQ)
11.7.1 Company Overview
11.7.2 Financial Analysis
12 Industry Events and Developments
Additional Customization Available:
13 Manufacturing Process
13.1 Detailed Process Flow
13.2 Operations Involved
13.3 Mass Balance
14 Cost Analysis
14.1 Land, Location and Site Development
14.3 Plant Machinery
14.4 Cost of Raw Material
14.9 Other Capital Investment
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