Global Battery Management System Market (2021-2026) by Topology, Component, Type, Battery Type, Application, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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%.

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 2021
2. 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 2021

Company 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