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Global Battery Management System Market: By Battery Type: Lithium-Ion–Based Batteries, Advanced Lead-Acid Batteries, Flow Batteries, Nickel-Based Batteries, Others; By Component; By Topology; By Application; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments
Global Battery Management System Market Outlook
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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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.
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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.
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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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2016-2020 |
| Forecast Period | 2021-2026 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Component, Topology, Application, Region |
| Breakup by Type | Lithium-Ion–Based Batteries, Advanced Lead-Acid Batteries, Flow Batteries, Nickel-Based Batteries, Others |
| Breakup by Component | Hardware, Software |
| Breakup by Topology | Centralised, Modular, Distributed |
| Breakup by Application | Automotive, Military, Medical, Portable Device, Telecommunication, Renewable Energy System, Uninterrupted Power Supply (UPS), Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Lithium Werks B.V., Renesas Electronics Corporation, Analog Devices, Inc., Nuvation Energy, Sensata Technologies, Inc., NXP Semiconductors N.V., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Key Questions Answered in the Report:
- How has the global battery management system market performed in the previous years (2016-2020)?
- What is the forecast assessment of the industry for 2021-2026?
- What are the major drivers of the historical (2016-2020) and forecast (2021-2026) periods?
- What are the major constraints of the historical (2016-2020) and forecast (2021-2026) 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?
*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 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Battery Management System Market Analysis
8.1 Key Industry Highlights
8.2 Global Battery Management System Historical Market (2016-2020)
8.3 Global Battery Management System Market Forecast (2021-2026)
8.4 Global Battery Management System Market by Type
8.4.1 Lithium-Ion–Based Batteries
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Advanced Lead-Acid Batteries
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.4.3 Flow Batteries
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2016-2020)
8.4.3.3 Forecast Trend (2021-2026)
8.4.4 Nickel-Based Batteries
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2016-2020)
8.4.4.3 Forecast Trend (2021-2026)
8.4.5 Others
8.5 Global Battery Management System Market by Component
8.5.1 Hardware
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.1.4 Breakup by Type
8.5.1.4.1 Battery Control Unit
8.5.1.4.2 Power Management IC
8.5.1.4.3 Communication Channel
8.5.2 Software
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.6 Global Battery Management System Market by Topology
8.6.1 Centralised
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2016-2020)
8.6.1.3 Forecast Trend (2021-2026)
8.6.2 Modular
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2016-2020)
8.6.2.3 Forecast Trend (2021-2026)
8.6.3 Distributed
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2016-2020)
8.6.3.3 Forecast Trend (2021-2026)
8.7 Global Battery Management System Market by Application
8.7.1 Automotive
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2016-2020)
8.7.1.3 Forecast Trend (2021-2026)
8.7.1.4 Breakup by Type
8.7.1.4.1 Electric Vehicles
8.7.1.4.2 E-Bikes
8.7.1.4.3 Automated Guided Vehicles
8.7.2 Military
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2016-2020)
8.7.2.3 Forecast Trend (2021-2026)
8.7.3 Medical
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2016-2020)
8.7.3.3 Forecast Trend (2021-2026)
8.7.4 Portable Device
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2016-2020)
8.7.4.3 Forecast Trend (2021-2026)
8.7.4.4 Breakup by Type
8.7.4.4.1 Consumer Electronics
8.7.4.4.2 Portable Power Tools
8.7.4.4.3 Portables Batteries
8.7.5 Telecommunication
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2016-2020)
8.7.5.3 Forecast Trend (2021-2026)
8.7.6 Renewable Energy System
8.7.6.1 Market Share
8.7.6.2 Historical Trend (2016-2020)
8.7.6.3 Forecast Trend (2021-2026)
8.7.7 Uninterrupted Power Supply (UPS)
8.7.7.1 Market Share
8.7.7.2 Historical Trend (2016-2020)
8.7.7.3 Forecast Trend (2021-2026)
8.7.8 Others
8.8 Global Battery Management System Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Spain
9.2.3.6 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Lithium Werks B.V.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Renesas Electronics Corporation
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Analog Devices, Inc.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Nuvation Energy
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Sensata Technologies, Inc.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 NXP Semiconductors N.V.
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Industry Events and Developments
List of Figures and Tables
1. Global Battery Management System Market: Key Industry Highlights, 2016 and 2026
2. Global Battery Management System Historical Market: Breakup by Type (USD Million), 2016-2020
3. Global Battery Management System Market Forecast: Breakup by Type (USD Million), 2021-2026
4. Global Battery Management System Historical Market: Breakup by Component (USD Million), 2016-2020
5. Global Battery Management System Market Forecast: Breakup by Component (USD Million), 2021-2026
6. Global Battery Management System Historical Market: Breakup by Topology (USD Million), 2016-2020
7. Global Battery Management System Market Forecast: Breakup by Topology (USD Million), 2021-2026
8. Global Battery Management System Historical Market: Breakup by Application (USD Million), 2016-2020
9. Global Battery Management System Market Forecast: Breakup by Application (USD Million), 2021-2026
10. Global Battery Management System Historical Market: Breakup by Region (USD Million), 2016-2020
11. Global Battery Management System Market Forecast: Breakup by Region (USD Million), 2021-2026
12. North America Battery Management System Historical Market: Breakup by Country (USD Million), 2016-2020
13. North America Battery Management System Market Forecast: Breakup by Country (USD Million), 2021-2026
14. Europe Battery Management System Historical Market: Breakup by Country (USD Million), 2016-2020
15. Europe Battery Management System Market Forecast: Breakup by Country (USD Million), 2021-2026
16. Asia Pacific Battery Management System Historical Market: Breakup by Country (USD Million), 2016-2020
17. Asia Pacific Battery Management System Market Forecast: Breakup by Country (USD Million), 2021-2026
18. Latin America Battery Management System Historical Market: Breakup by Country (USD Million), 2016-2020
19. Latin America Battery Management System Market Forecast: Breakup by Country (USD Million), 2021-2026
20. Middle East and Africa Battery Management System Historical Market: Breakup by Country (USD Million), 2016-2020
21. Middle East and Africa Battery Management System Market Forecast: Breakup by Country (USD Million), 2021-2026
22. Global Battery Management System Market Structure
Analyst Review
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