“The Global Battery Management System Market is Estimated to be USD 7.1 Bn in 2021 and is Expected to Reach USD 13.79 Bn by 2026, Growing at a CAGR of 14.2%
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FEATURED COMPANIES
- Analog Devices, Inc.
- BMS Powersafe
- Epec, LLC
- Johnson Matthey Plc
- Lithium Werks B.V.
- Nuvation Engineering
- MORE
The Global Battery Management System Market is estimated to be USD 7.1 Bn in 2021 and is expected to reach USD 13.79 Bn by 2026, growing at a CAGR of 14.2%.
By Topology, the market is classified into Centralized, Distributed, and Modular. Amongst all, the Centralized segment is estimated to hold the highest market share during the forecast period.
By Component, the market is classified as Hardware And Software. Amongst the two, the Hardware segment is estimated to hold the highest market share during the forecast period.
By Type, the market is classified as Stationary Battery and Motive Battery. Amongst the two, the Stationary Battery segment is estimated to hold the highest market share during the forecast period.
By Battery Type, the market is classified as Advanced Lead-Acid Batteries, Flow Battery, Lithium-Ion Battery, Nickel-Based Battery, Solid-State Battery, and Others. Amongst all, the Advanced Lead-Acid Batteries segment is estimated to hold the highest market share during the forecast period.
By Application, the market is classified as Automotive and Transportation, Consumer Goods, Renewable Energy Systems, Military, Uninterrupted Power Supply (UPS), Healthcare and Pharmaceuticals, Telecommunication, and Others. Amongst all, the Automotive and Transportation segment is estimated to hold the highest market share during the forecast period.
By Geography, North America is projected to lead the market.
Market Dynamics
The rising usage of portable devices such as mobile phones, tablets, medical devices, etc. and demand for safeguard for the battery is majorly increasing the demand for battery management systems (BMS). The increasing penetration of electric vehicles & hybrid electric vehicles coupled with encouraging government initiatives to reduce greenhouse gases emissions is escalating the market growth. However, the lack of skilled personnel capable of testing and implementing the BMS in developing countries, coupled with the high cost of the products with BMS is anticipated to hamper the market growth. The key suppliers of the market are entering into long-term contracts with automotive manufacturers to expand their global footprint, which, in turn, is anticipated to increase BMS penetration.Market Segmentation
The Global Battery Management System Market is segmented further based on Topology, Component, Type, Battery Type, Application, and Geography.By Topology, the market is classified into Centralized, Distributed, and Modular. Amongst all, the Centralized segment is estimated to hold the highest market share during the forecast period.
By Component, the market is classified as Hardware And Software. Amongst the two, the Hardware segment is estimated to hold the highest market share during the forecast period.
By Type, the market is classified as Stationary Battery and Motive Battery. Amongst the two, the Stationary Battery segment is estimated to hold the highest market share during the forecast period.
By Battery Type, the market is classified as Advanced Lead-Acid Batteries, Flow Battery, Lithium-Ion Battery, Nickel-Based Battery, Solid-State Battery, and Others. Amongst all, the Advanced Lead-Acid Batteries segment is estimated to hold the highest market share during the forecast period.
By Application, the market is classified as Automotive and Transportation, Consumer Goods, Renewable Energy Systems, Military, Uninterrupted Power Supply (UPS), Healthcare and Pharmaceuticals, Telecommunication, and Others. Amongst all, the Automotive and Transportation segment is estimated to hold the highest market share during the forecast period.
By Geography, North America is projected to lead the market.
Recent Developments
1. Leclanché introduced a modular, all-in-one, fully integrated BMS and a liquid cooling system for a wide range of new and retrofit commercial vehicles, such as e-trucks, municipal service vehicles, construction & agricultural vehicles, and e-buses. - 1st February 20212. Sensata Technologies BV has acquired 75% of Lithium Balance based in Denmark. With this transaction, Sensata’s channels and customer relationships in the mobile and stationary clean energy markets are rapidly growing demand for battery technology. - 13th January 2021Company Profiles
Some of the companies covered in this report are Toshiba Corporation, Vecture Inc., L&T Technology Services, Navitas System, LLC, Merlin Equipment Ltd., Lithium Balance, etc.Competitive Quadrant
The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.Why buy this report?
- The report offers a comprehensive evaluation of the Global Battery Management System Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.
Report Highlights:
- A complete analysis of the market, including parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Analog Devices, Inc.
- BMS Powersafe
- Epec, LLC
- Johnson Matthey Plc
- Lithium Werks B.V.
- Nuvation Engineering
- MORE
1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 Increasing Demand for Electric Vehicles and Hybrid Electric Vehicles
4.1.2 Rising Usage of Rechargeable Portable Devices
4.1.3 Government Initiatives and Adoption of Battery-Operated Vehicles
4.1.4 Demand for Effective Electric Grid Management
4.2 Restraints
4.2.1 High Cost
4.2.2 Lack of Standardized Regulations
4.3 Opportunities
4.3.1 Technology Advancement and Development
4.3.2 Stringent Environmental Laws and Debris Mitigation Standards
4.4 Challenges
4.4.1 Technological Issues to Meet in Real-Time Applications
4.5 Trends
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Battery Management System Market, By Topology
6.1 Introduction
6.2 Centralized
6.3 Distributed
6.4 Modular
7 Global Battery Management System Market, By Component
7.1 Introduction
7.2 Hardware
7.2.1 Battery Control Units
7.2.2 Communication Channels
7.2.3 Power Management Components
7.3 7.3 Software
8 Global Battery Management System Market, By Type
8.1 Introduction
8.2 Stationary Battery
8.3 Motive Battery
9 Global Battery Management System Market, By Battery Type
9.1 Introduction
9.2 Advanced Lead-Acid Batteries
9.3 Flow Battery
9.4 Lithium-Ion Battery
9.5 Nickel–Based Battery
9.6 Solid-State Battery
9.7 Others
10 Global Battery Management System Market, By Application
10.1 Introduction
10.2 Automotive and Transportation
10.3 Consumer Goods
10.4 Renewable Energy Systems
10.5 Military
10.6 Uninterrupted Power Supply (UPS)
10.7 Healthcare and Pharmaceuticals
10.8 Telecommunication
10.9 Others
11 Global Battery Management System Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 South America
11.3.1 Brazil
11.3.2 Argentina
11.3.3 Chile
11.3.4 Colombia
11.4 Europe
11.4.1 UK
11.4.2 France
11.4.3 Germany
11.4.4 Italy
11.4.5 Spain
11.4.6 Netherlands
11.4.7 Sweden
11.4.8 Russia
11.4.9 Rest of Europe
11.5 Asia-Pacific
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Indonesia
11.5.5 Malaysia
11.5.6 South Korea
11.5.7 Australia
11.5.8 Sri Lanka
11.5.9 Thailand
11.5.10 Rest of APAC
11.6 Middle-East and Africa
11.6.1 Qatar
11.6.2 Saudi Arabia
11.6.3 South Africa
11.6.4 United Arab Emirates
12 Competitive Landscape
12.1 Competitive Quadrant
12.2 Market Share Analysis
12.3 Strategic Initiatives
12.3.1 M&A and Investments
12.3.2 Partnerships and Collaborations
12.3.3 Product Developments and Improvements
13 Company Profiles
13.1 Ansys Inc
13.2 Avnet, Inc
13.3 BMS Powersafe
13.4 Analog Devices, Inc.
13.5 Eberspaecher Venture Inc
13.6 Elithion, Inc
13.7 Epec, LLC
13.8 Ewert Energy Systems, Inc
13.9 Exponential Power, Inc
13.10 Johnson Matthey Plc
13.11 Leclanche
13.12 Lithium Balance
13.13 Lithium Werks B.V.
13.14 Maxim Integrated
13.15 Navitas Systems, LLC
13.16 NXP Semiconductors N.V
13.17 Nuvation Engineering
13.18 Panasonic Corporation
13.19 Renesas Electronics Corporation
13.20 Roboteq, Inc
13.21 Storage Battery Systems
13.22 Texas Instrument Incorporated
13.23 Toshiba Corporation
13.24 Texas Instruments, Inc
13.25 Tronico S.A.S
14 Appendix
14.1 Questionnaire
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 Increasing Demand for Electric Vehicles and Hybrid Electric Vehicles
4.1.2 Rising Usage of Rechargeable Portable Devices
4.1.3 Government Initiatives and Adoption of Battery-Operated Vehicles
4.1.4 Demand for Effective Electric Grid Management
4.2 Restraints
4.2.1 High Cost
4.2.2 Lack of Standardized Regulations
4.3 Opportunities
4.3.1 Technology Advancement and Development
4.3.2 Stringent Environmental Laws and Debris Mitigation Standards
4.4 Challenges
4.4.1 Technological Issues to Meet in Real-Time Applications
4.5 Trends
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Battery Management System Market, By Topology
6.1 Introduction
6.2 Centralized
6.3 Distributed
6.4 Modular
7 Global Battery Management System Market, By Component
7.1 Introduction
7.2 Hardware
7.2.1 Battery Control Units
7.2.2 Communication Channels
7.2.3 Power Management Components
7.3 7.3 Software
8 Global Battery Management System Market, By Type
8.1 Introduction
8.2 Stationary Battery
8.3 Motive Battery
9 Global Battery Management System Market, By Battery Type
9.1 Introduction
9.2 Advanced Lead-Acid Batteries
9.3 Flow Battery
9.4 Lithium-Ion Battery
9.5 Nickel–Based Battery
9.6 Solid-State Battery
9.7 Others
10 Global Battery Management System Market, By Application
10.1 Introduction
10.2 Automotive and Transportation
10.3 Consumer Goods
10.4 Renewable Energy Systems
10.5 Military
10.6 Uninterrupted Power Supply (UPS)
10.7 Healthcare and Pharmaceuticals
10.8 Telecommunication
10.9 Others
11 Global Battery Management System Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 South America
11.3.1 Brazil
11.3.2 Argentina
11.3.3 Chile
11.3.4 Colombia
11.4 Europe
11.4.1 UK
11.4.2 France
11.4.3 Germany
11.4.4 Italy
11.4.5 Spain
11.4.6 Netherlands
11.4.7 Sweden
11.4.8 Russia
11.4.9 Rest of Europe
11.5 Asia-Pacific
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Indonesia
11.5.5 Malaysia
11.5.6 South Korea
11.5.7 Australia
11.5.8 Sri Lanka
11.5.9 Thailand
11.5.10 Rest of APAC
11.6 Middle-East and Africa
11.6.1 Qatar
11.6.2 Saudi Arabia
11.6.3 South Africa
11.6.4 United Arab Emirates
12 Competitive Landscape
12.1 Competitive Quadrant
12.2 Market Share Analysis
12.3 Strategic Initiatives
12.3.1 M&A and Investments
12.3.2 Partnerships and Collaborations
12.3.3 Product Developments and Improvements
13 Company Profiles
13.1 Ansys Inc
13.2 Avnet, Inc
13.3 BMS Powersafe
13.4 Analog Devices, Inc.
13.5 Eberspaecher Venture Inc
13.6 Elithion, Inc
13.7 Epec, LLC
13.8 Ewert Energy Systems, Inc
13.9 Exponential Power, Inc
13.10 Johnson Matthey Plc
13.11 Leclanche
13.12 Lithium Balance
13.13 Lithium Werks B.V.
13.14 Maxim Integrated
13.15 Navitas Systems, LLC
13.16 NXP Semiconductors N.V
13.17 Nuvation Engineering
13.18 Panasonic Corporation
13.19 Renesas Electronics Corporation
13.20 Roboteq, Inc
13.21 Storage Battery Systems
13.22 Texas Instrument Incorporated
13.23 Toshiba Corporation
13.24 Texas Instruments, Inc
13.25 Tronico S.A.S
14 Appendix
14.1 Questionnaire
Note: Product cover images may vary from those shown
- Ansys Inc
- Avnet, Inc
- BMS Powersafe
- Analog Devices, Inc.
- Eberspaecher Venture Inc
- Elithion, Inc
- Epec, LLC
- Ewert Energy Systems, Inc
- Exponential Power, Inc
- Johnson Matthey Plc
- Leclanche
- Lithium Balance
- Lithium Werks B.V.
- Maxim Integrated
- Navitas Systems, LLC
- NXP Semiconductors N.V
- Nuvation Engineering
- Panasonic Corporation
- Renesas Electronics Corporation
- Roboteq, Inc
- Storage Battery Systems
- Texas Instrument Incorporated
- Toshiba Corporation
- Texas Instruments, Inc
- Tronico S.A.S
Note: Product cover images may vary from those shown
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