As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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.
|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.|
*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.
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
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
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
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2016-2020)
220.127.116.11 Forecast Trend (2021-2026)
8.4.2 Advanced Lead-Acid Batteries
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2016-2020)
126.96.36.199 Forecast Trend (2021-2026)
8.4.3 Flow Batteries
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2016-2020)
220.127.116.11 Forecast Trend (2021-2026)
8.4.4 Nickel-Based Batteries
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2016-2020)
126.96.36.199 Forecast Trend (2021-2026)
8.5 Global Battery Management System Market by Component
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2016-2020)
220.127.116.11 Forecast Trend (2021-2026)
18.104.22.168 Breakup by Type
22.214.171.124.1 Battery Control Unit
126.96.36.199.2 Power Management IC
188.8.131.52.3 Communication Channel
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2016-2020)
18.104.22.168 Forecast Trend (2021-2026)
8.6 Global Battery Management System Market by Topology
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2016-2020)
188.8.131.52 Forecast Trend (2021-2026)
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2016-2020)
18.104.22.168 Forecast Trend (2021-2026)
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2016-2020)
188.8.131.52 Forecast Trend (2021-2026)
8.7 Global Battery Management System Market by Application
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2016-2020)
18.104.22.168 Forecast Trend (2021-2026)
22.214.171.124 Breakup by Type
126.96.36.199.1 Electric Vehicles
188.8.131.52.3 Automated Guided Vehicles
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2016-2020)
18.104.22.168 Forecast Trend (2021-2026)
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2016-2020)
188.8.131.52 Forecast Trend (2021-2026)
8.7.4 Portable Device
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2016-2020)
18.104.22.168 Forecast Trend (2021-2026)
22.214.171.124 Breakup by Type
126.96.36.199.1 Consumer Electronics
188.8.131.52.2 Portable Power Tools
184.108.40.206.3 Portables Batteries
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2016-2020)
22.214.171.124 Forecast Trend (2021-2026)
8.7.6 Renewable Energy System
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2016-2020)
184.108.40.206 Forecast Trend (2021-2026)
8.7.7 Uninterrupted Power Supply (UPS)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2016-2020)
22.214.171.124 Forecast Trend (2021-2026)
8.8 Global Battery Management System Market by Region
8.8.1 Market Share
126.96.36.199 North America
188.8.131.52 Asia Pacific
184.108.40.206 Latin America
220.127.116.11 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
18.104.22.168 United States of America
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
22.214.171.124 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
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
126.96.36.199 Saudi Arabia
188.8.131.52 United Arab Emirates
184.108.40.206 South Africa
10 Market Dynamics
10.1 SWOT Analysis
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.
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
12.2.2 Renesas Electronics Corporation
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
12.2.3 Analog Devices, Inc.
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
12.2.4 Nuvation Energy
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
12.2.5 Sensata Technologies, Inc.
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
12.2.6 NXP Semiconductors N.V.
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
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
EMR is one of the foremost business intelligence and market research companies with a database of syndicated and customised reports spanning more than 100 industries across global and regional markets. We leverage the knowledge of our highly skilled team of over 100 analysts and more than 3000 independent consultants to provide our clients with thoroughly researched and reliable data tailored to their requirements. We help our clients, who range from Fortune 1000 companies to medium and niche enterprises, make informed strategic decisions through our varied tools and methodology.
Our meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. We understand the distinct nature and requirements for each industry and thus, modify our methodology to best fit the industry in question. Our research methodology uses a combination of cutting-edge analytical tools and the expertise of our highly accomplished team, thus, providing our customers with industry insights that are accurate, actionable, and help them remain ahead of their competition. EMR’ s fine-tuned research methodology and data analysis, formulated through years of cross-industry experience of our team, ensure that our clients are provided with:
Our approach gives our clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources.
We assess the historical, prevailing, and expected prices of commodities and raw materials by analysing our assiduously collected data from verified primary and secondary sources. Our assessments reflect the market values of related commodities within a region to help our consumers understand the interdependencies and formulate profitable industry strategies. Our price assessments cover both the average global prices along with the prevailing regional prices.
Our market assessments determine the global and regional production and consumption of the product, according to their value and volume. We identify the key growth drivers, opportunities, and restraints that might promote or hinder the future industry growth along with an expansive overview of the competitive landscape to help our clients make informed strategic decisions. We also take into account the demographic, economic, cultural, and political factors that might influence the market.
We gather market intelligence through our extensive database of reliable secondary sources and our exhaustive interviews with multiple industry stakeholders. The information gathered through our primary and secondary sources help us verify and extrapolate data relating to prices, trade, and market fluctuations along with the latest developments in the industry.
As a part of our primary research, we interact with highly placed industrial professionals possessing an expansive and meticulous insight into the market. We conduct our interviews via mails, telephonic conversations, and one-on-one meetings. Thus, our exhaustive interviews with both buyers and consumers help us provide our clients with verified intelligence regarding the market size, share, drivers, prices, and forecast along with a detailed assessment of your supply chain.
EMR has access to extensive internal and subscribed databases, which apprise us of the historical and prevailing industry conditions and help us forecast the market for the coming few years. Our secondary research involves a wide array of sources ranging from the annual and financial reports of the key players in the industry to governmental and regulatory databases. We refer to various scientific and industry publications and whitepapers to form a comprehensive understanding of the product and the supply chain. Our wide-ranging research also refers to relevant articles and press releases to provide our customers with an up-to-date understanding of the contemporary market. We derive extensive raw data from our secondary research, which then go through a thorough verification and validation process, to help us formulate an exhaustive understanding of the industry, the supply chain, the competitive landscape, and the product.
Other Analyst Tools and Data Models
Our extensive and intricate data models, formulated through our propriety technological and analytical resources, help you easily comprehend the expansive market data and aid you in framing vital business and industry strategies. Our tools provide you with a cohesive understanding of the industry outlook, taking into account the qualitative and quantitative market variables. Our analytical tools and models are regularly updated according to the changes in the continually evolving market scenarios as well as being adapted to best meet our client’s specific needs. Our research methods involve a blend of the best technological tools used in the industry along with the expertise of our analysts and consultants who can spot and assess the implications of the subtle factors influencing the more complex markets.
Our market assessments take into consideration only those data that are confirmed and are derived from credible and transparent sources. Thus, our clients are presented with accurate and infallible data which can be incorporated into their business strategies.
Before our data is presented to the clients, they undergo an intensive cross-verification and validation process. We corroborate the data gathered through our primary and secondary research by the review and validation of the initial sources along with the verification of the data from other thoroughly vetted sources.
Our qualitative and quantitative assessments are time-sensitive, reflecting the most recent value and volume of the market across regions. By constantly updating our databases and reports to reflect the changes taking place in the industry, our market and price assessments accurately reflect the prevailing industry conditions.
Thus, our rigorous data collection, thorough statistical analysis, and specialist assessments ensure that our clientele has a greater understanding of the industry space, supply chain, price fluctuations, competitive landscape, and other vital factors, helping them emerge as the undisputed industry leaders in their respective fields.
Single User License
Five User License
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.