Global Battery Management System Market: By Battery Type: Lithium-Ion–Based Batteries, Advanced Lead-Acid Batteries, Flow Batteries, Nickel-Based Batteries; By Component: Hardware, Software; By Topology: Centralized, Modular, Distributed; By Application: Automotive, Military, Medical, Portable Device, Telecommunication, Renewable Energy System, Uninterrupted Power Supply (UPS); By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa; Historical Production and Consumption (2015-2019); Production and Consumption Forecast (2020-2025); SWOT Analysis; Value Chain Analysis; Competitive Landscape & Supplier Analysis; Manufacturing Process; Cost Analysis

Global Battery Management System Market Key Insights:

Market Outlook 

The global battery management system market attained a value of approximately USD 5 billion in 2019. The market is further expected to grow in the forecast period of 2020-2025 at a CAGR of about 20% to reach a value of nearly USD 15 billion by 2025. 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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Properties and Applications
 
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.

Based on the battery type, the market can be divided into the following:

• Lithium-Ion–Based Batteries
• Advanced Lead-Acid Batteries
• Flow Batteries
• Nickel-Based Batteries
• Others

On the basis of component, the market can be divided into hardware and software.

Hardware is further divided as follows:

• Battery Control Unit
• Power Management IC
• Communication Channel

Based on topology, the market can be segmented into:

• Centralised 
• Modular 
• Distributed

The market can be broadly categorised based on its application sectors into:

• Automotive
• Military 
• Medical 
• Portable Device
• Telecommunication 
• Renewable Energy System 
• Uninterrupted Power Supply (UPS)
• Others

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.

Market Analysis
 
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.

Competitive Landscape
 
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:

• Johnson Matthey PLC. 
• Lithium Balance A/S
• Nuvation Engineering
• Valence Technology, Inc.
• Intersil Corporation  
• Linear Technology Corporation    
• NXP Semiconductors N.V. (NASDAQ: NXPI) 
• Others 

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.

Key Questions Answered in the Report:

• How has the global battery management system market performed in the previous years (2015-2019)?
• What is the forecast assessment of the industry for 2020-2025?
• What are the major drivers of the historical (2015-2019) and forecast (2020-2025) periods?
• What are the major constraints of the historical (2015-2019) and forecast (2020-2025) periods?
• What are the major price indicators of the global battery management system industry?
• What are the major demand indicators of the global industry?
• Who are the key players in the global battery management system industry?
• What is the degree of competition in the global industry?
• What are the major events and developments taking place within the global industry?

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