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Global Battery Management Systems Market, Forecast to 2024

  • ID: 4702407
  • Report
  • November 2018
  • Region: Global
  • 95 Pages
  • Frost & Sullivan
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Battery management systems (BMS) are critical to ensure the safe and reliable operation of batteries, especially in advanced applications. The BMS market mirrors the growth of the battery market, and it is expected to grow steadily throughout the forecast period due to the increasing adoption of electric vehicles (xEVs), rising popularity of battery energy storage (BES) solutions, and extensive use of advanced battery technology in other applications. BMS for automotive application is a high-growth application and a major market driver. Additionally, the increasing focus on stationary BES for renewable integration and grid stabilization, along with the utilization in telecommunication backup applications, will sustain the growth of the market.

North America generates most of the global BMS demand as it hosts major EV manufacturers and BES projects. The Asia-Pacific market, meanwhile, is expanding rapidly due to the boom of the battery and EV markets in China as well as the commissioning of large BES projects throughout the region.

The BMS market comprises battery manufacturers as well as automotive original equipment manufacturers (OEMs) that make BMS in-house for their battery packs, and dedicated BMS OEMs that make off-the-shelf solutions. The in-house battery manufacturers hold the majority of market shares.

Lithium-ion is expected to remain the dominant battery chemistry in the BMS space due to its increasing use in advanced battery applications as well as its inherently dynamic nature. Advanced BMS with wireless systems, user-friendly features, and lower complexity will experience greater demand in advanced battery applications. Similarly, dedicated BMS OEMs that are able to manufacture configurable BMS solutions are set to find greater market success. BMS manufacturers must invest in R&D to ensure the compatibility of their products with increasingly complex application systems and emerging battery chemistries. Furthermore, they need to work towards developing systems compatible with emerging chemistries, such as solid state batteries, to gain an early-mover advantage. BMS manufacturers also need to ensure that their products meet emerging industry standards in order to stay relevant in the BMS market.

Meanwhile, battery manufacturers and automotive OEMs that outsource their BMS solutions are attempting to enter the BMS industry chain through M&A with dedicated BMS manufacturers. This allows the battery manufacturers and automotive OEMs to utilize BMS manufacturers' existing technological expertise and market presence, thus eliminating the need for extensive R&D to develop proprietary BMS solutions.

Note: Product cover images may vary from those shown
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1. Executive Summary

  • Executive Summary
  • Key Findings
  • Market Engineering Measurements
  • CEO’s Perspective

2. Market Overview

  • Market Overview
  • Market Overview - Definitions
  • Key Questions this Study will Answer
  • Market Segmentation Based on Geographical Region
  • Market Segmentation Based on End-user Applications
  • Market Segmentation Based on Battery Chemistries
  • Market Distribution Channels
  • Market Distribution Channels Discussion

3. Drivers and Restraints - Total BMS Market

  • Drivers and Restraints - Total BMS Market
  • Market Drivers
  • Drivers Explained
  • Market Restraints
  • Restraints Explained

4. Forecasts and Trends - Total BMS Market

  • Forecasts and Trends - Total BMS Market
  • Market Engineering Measurements
  • Forecast Assumptions
  • Total BMS Market - Revenue Forecast
  • Total BMS Market - Revenue Forecast Discussion
  • Total BMS Market - Global Hot Spots
  • Total BMS Market - Off-the-shelf versus In-house
  • Total BMS Market - Off-the-shelf versus In-house Revenue Forecast
  • Total BMS Market - Off-the-shelf versus In-house
  • Percent Revenue Forecast by Geographic Region
  • Revenue Forecast by Geographic Region
  • Revenue Forecast Discussion - North America
  • Revenue Forecast Discussion - Europe
  • Revenue Forecast Discussion - APAC
  • Revenue Forecast Discussion - RoW
  • Percent Revenue Forecast by End-user Application
  • Revenue Forecast by End-user Application
  • End-user Application - Technology Maturity Level
  • Revenue Forecast Discussion by End-user Application - Automotive
  • xEV Battery Cost Breakdown
  • Total xEv Market - Market Structure
  • Global xEVs Market Forecast
  • xEVs Market by Country
  • Revenue Forecast Discussion by End-user Application - Battery Energy Storage
  • Global Battery Energy Storage Market Revenue by End-use Sector
  • Grid-scale Battery Energy Storage by Country
  • Revenue Forecast Discussion by End-user Application - Telecommunication
  • Global Telecommunication Battery Market Forecast
  • Revenue Forecast Discussion by End-user Application - Others
  • Military Expenditure by Country
  • Revenue Forecast Discussion by End-user Application - Others
  • Percent Revenue Breakdown Battery Chemistries
  • Revenue Forecast by Battery Chemistries
  • Revenue Forecast Discussion by Battery Chemistries

5. Market Share and Competitive Analysis - Total BMS Market

  • Market Share and Competitive Analysis - Total BMS Market
  • Total BMS Market - Market Share
  • Total BMS Market - Market Share Analysis
  • Total BMS Market - Market Structure
  • Total BMS Market - Market Participants
  • Total BMS Market - Competitive Environment
  • Total BMS Market - Competitive Factors and Assessment

6. Growth Opportunities and Companies to Action

  • Growth Opportunities and Companies to Action
  • Growth Opportunity 1 - Mergers and Acquisition
  • Growth Opportunity 2 - Intelligent BMS and Standardization
  • Strategic Imperatives for Success and Growth

7. The Last Word

  • The Last Word
  • The Last Word - 3 Big Predictions
  • Legal Disclaimer

8. Appendix

  • Appendix
  • Market Engineering Methodology
  • Partial List of Companies Under “Others”
  • Abbreviations and Acronyms Used
  • List of Exhibits
Note: Product cover images may vary from those shown
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