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Battery Management System - Global Market Trajectory & Analytics

  • ID: 4804361
  • Report
  • April 2021
  • Region: Global
  • 282 Pages
  • Global Industry Analysts, Inc
Global Battery Management System Market to Reach $10.8 Billion by 2027

Amid the COVID-19 crisis, the global market for Battery Management System estimated at US$4.1 Billion in the year 2020, is projected to reach a revised size of US$10.8 Billion by 2027, growing at a CAGR of 14.9% over the analysis period 2020-2027. Lithium-Ion Battery, one of the segments analyzed in the report, is projected to record a 16.4% CAGR and reach US$2.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Advanced Lead-Acid Battery segment is readjusted to a revised 14.7% CAGR for the next 7-year period.



The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 19.1% CAGR

The Battery Management System market in the U.S. is estimated at US$1.1 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$2.4 Billion by the year 2027 trailing a CAGR of 19.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.5% and 13.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.9% CAGR.

Flow Battery Segment to Record 14.4% CAGR

In the global Flow Battery segment, USA, Canada, Japan, China and Europe will drive the 13.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$305.2 Million in the year 2020 will reach a projected size of US$755.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.5 Billion by the year 2027, while Latin America will expand at a 15.7% CAGR through the analysis period.

Select Competitors (Total 42 Featured):
  • Analog Devices, Inc.
  • Eberspaecher Vecture Inc.
  • Elithion Inc.
  • Intersil Corporation
  • Johnson Matthey PLC
  • Lithium Balance A/S
  • Nuvation Engineering
  • NXP Semiconductors NV
  • Texas Instruments, Inc.
  • Valence Technology, Inc.
  • Ventec SAS
Frequently Asked Questions about the Global Market for Battery Management System

What is the estimated value of the Global Market for Battery Management System?

The Global Market for Battery Management System was estimated to be valued at $4.1 Billion in 2020.

What is the growth rate of the Global Market for Battery Management System?

The growth rate of the Global Market for Battery Management System is 14.8%, with an estimated value of $10.8 Billion by 2027.

What is the forecasted size of the Global Market for Battery Management System?

The Global Market for Battery Management System is estimated to be worth $10.8 Billion by 2027.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Introduction
  • Flow Battery Management System (FBMS)
  • Exhibit 1: Global Battery Management System Market by Application Type: 2018
  • Impact of Covid-19 and a Looming Global Recession
  • Entering an Era of Autonomous Vehicles and Growing Role of Battery Management Systems
  • Rise in Market Penetration of EVs Drives Demand for Battery Management Systems
  • Exhibit 2: Global Electric Vehicle Production Forecasts by Type: 2015-2030
  • Exhibit 3: Share of Electric Vehicle of Total Passenger Vehicle Market: 2015-2030
  • Exhibit 4: Global Electric Vehicle Production: 2018-2030 (in Million Units)
  • Smart Homes Drive Demand Smart Battery Management Systems
  • Advances in Li-ion Battery Management
  • Rise in Demand for Renewable Energy Systems and the Growing Need for Efficient Battery Management
  • Exhibit 5: Global Electricity Generation by Source: 1990-2050 (in PWh/yr)
  • Exhibit 6: Global Solar PV Cumulative Capacity by Region (in Gigawatts): 2008-2018
  • Exhibit 7: Global Wind Energy Cumulative Capacity by Region (in Gigawatts): 2008-2018
  • Predictive Analysis to Aid in Battery Management of EVs
  • Wireless Battery Management Systems Gain Interest
  • Intelligent Battery Management Systems to Improve Energy Requirements in EVs
  • Focus Grows on Effective Designs to Combat Functional Challenges
III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 42
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