Reports
Sale
Global Battery Management System Market Size, Forecast: By Type: Lithium-Ion–Based Batteries, Advanced Lead-Acid Batteries, Flow Batteries, Nickel-Based Batteries, Others; By Component: Hardware, Software; By Topology: Centralised, Modular, Distributed; By Application; Regional Analysis; Competitive Landscape; 2024-2032
Global Battery Management System Market Outlook
The global battery management system market attained a value of approximately USD 8.65 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of about 20.10% to reach a value of nearly USD 44.94 billion by 2032.
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
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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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:
- Lithium Werks B.V.
- Renesas Electronics Corporation
- Analog Devices, Inc.
- Nuvation Energy
- Sensata Technologies, Inc.
- NXP Semiconductors N.V. (NASDAQ: NXPI)
- Johnson Matthey Plc
- 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 Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Component |
|
| Breakup by Topology |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Opportunities and Challenges in the Market
8 Global Battery Management System Market Analysis
8.1 Key Industry Highlights
8.2 Global Battery Management System Historical Market (2018-2023)
8.3 Global Battery Management System Market Forecast (2024-2032)
8.4 Global Battery Management System Market by Type
8.4.1 Lithium-Ion–Based Batteries
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Advanced Lead-Acid Batteries
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Flow Batteries
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Nickel-Based Batteries
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Battery Management System Market by Component
8.5.1 Hardware
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.1.3 Breakup by Type
8.5.1.3.1 Battery Control Unit
8.5.1.3.2 Power Management IC
8.5.1.3.3 Communication Channel
8.5.2 Software
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Battery Management System Market by Topology
8.6.1 Centralised
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Modular
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Distributed
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Battery Management System Market by Application
8.7.1 Automotive
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.1.3 Breakup by Type
8.7.1.3.1 Electric Vehicles
8.7.1.3.2 E-Bikes
8.7.1.3.3 Automated Guided Vehicles
8.7.2 Military
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Medical
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Portable Device
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.4.3 Breakup by Type
8.7.4.3.1 Consumer Electronics
8.7.4.3.2 Portable Power Tools
8.7.4.3.3 Portables Batteries
8.7.5 Telecommunication
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Renewable Energy System
8.7.6.1 Historical Trend (2018-2023)
8.7.6.2 Forecast Trend (2024-2032)
8.7.7 Uninterrupted Power Supply (UPS)
8.7.7.1 Historical Trend (2018-2023)
8.7.7.2 Forecast Trend (2024-2032)
8.7.8 Others
8.8 Global Battery Management System Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Battery Management System Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Battery Management System Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Battery Management System Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Battery Management System Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Battery Management System Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Lithium Werks B.V.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Renesas Electronics Corporation
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Analog Devices, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Nuvation Energy
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Sensata Technologies, Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 NXP Semiconductors N.V. (NASDAQ: NXPI)
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Johnson Matthey Plc
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Battery Management System Market: Key Industry Highlights, 2018 and 2032
2. Global Battery Management System Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Battery Management System Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Battery Management System Historical Market: Breakup by Component (USD Billion), 2018-2023
5. Global Battery Management System Market Forecast: Breakup by Component (USD Billion), 2024-2032
6. Global Battery Management System Historical Market: Breakup by Topology (USD Billion), 2018-2023
7. Global Battery Management System Market Forecast: Breakup by Topology (USD Billion), 2024-2032
8. Global Battery Management System Historical Market: Breakup by Application (USD Billion), 2018-2023
9. Global Battery Management System Market Forecast: Breakup by Application (USD Billion), 2024-2032
10. Global Battery Management System Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Battery Management System Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Battery Management System Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Battery Management System Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Battery Management System Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Battery Management System Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Battery Management System Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Battery Management System Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Battery Management System Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Battery Management System Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Battery Management System Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Battery Management System Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Battery Management System Market Structure
Key Questions Answered in the Report
In 2023, the market attained a value of approximately USD 8.65 billion.
The market is projected to grow at a CAGR of 20.10% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 44.94 billion by 2032.
The major drivers of the market include the rising global adoption of electric vehicles, need for effective electric grid management, increasing number of stringent policies aimed at reducing greenhouse gas emissions, and rising investments from the public and private sectors.
The reducing prices of photovoltaic cells, as well as solar prices, increasing demand for lithium-ion batteries, and favourable subsidies by various governments to use renewable energy, are the key trends propelling the market growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The types of battery management systems in the market are lithium-ion–based batteries, advanced lead-acid batteries, flow batteries, and nickel-based batteries, among others.
Hardware and software are the two components in the market. Hardware is further divided by type into battery control unit, power management IC, and communication channel.
Based on topology, the global battery management system market can be segmented into centralised, modular, and distributed.
The various applications of battery management systems in the market are automotive, military, medical, portable device, telecommunication, renewable energy system, and uninterrupted power supply (UPS), among others.
The major players in the market are Lithium Werks B.V., Renesas Electronics Corporation, Analog Devices, Inc., Nuvation Energy, Sensata Technologies, Inc., NXP Semiconductors N.V., and Johnson Matthey Plc, among others.
Analyst Review
The global battery management system market attained a value of nearly USD 8.65 billion in 2023, driven by the reducing prices of photovoltaic cells, and solar prices. Aided by rising global adoption of electric vehicles and electric hybrids and favourable government subsidies to use renewable energy, the market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 20.10%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market can be divided into lithium-ion–based batteries, advanced lead-acid batteries, flow batteries, and nickel-based batteries, among others. Hardware and software are the two components in the market. Hardware is further divided as the battery control unit, power management IC, and communication channel. Based on topology, the market can be segmented into centralised, modular, and distributed. The market can be broadly categorised based on its application sectors into automotive, military, medical, portable device, telecommunication, renewable energy system, and uninterrupted power supply (UPS), among others. The automotive segment can be further divided into electric vehicles, e-bikes, and automated guided vehicles while portable devices are further segmented into consumer electronics, portable power tools, and portable batteries. The major regional markets for battery management system market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The major players in the industry are Lithium Werks B.V., Renesas Electronics Corporation, Analog Devices, Inc., Nuvation Energy, Sensata Technologies, Inc., NXP Semiconductors N.V., and Johnson Matthey Plc, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
Purchase Options 10% off
Call us
Purchase Full Report
Mini Report
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
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.
Right Methodology
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.
Right Price
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.
Right Support
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.
NEWSLETTER