Due to the rising popularity of electric and hybrid vehicles, the market for battery management systems is anticipated to expand significantly in the coming years. Long-range and quick charging technologies in electric vehicles, as well as an increase in industrial demand for lithium-ion batteries, are the main reasons propelling the market for battery management systems. However, it is projected that the installation of a battery management system will raise the overall cost of the product and restrain the market’s expansion. Additionally, the creation of a wireless battery management system is anticipated to offer companies in the battery management system market amazing potential opportunities.
Additionally, thanks to government support and an increase in the trend towards electric vehicles to cut down on greenhouse gas emissions, the automotive industry has seen the biggest growth. Additionally, the demand for battery management systems is being fueled by the growing use of electric vehicles (EVs), stricter emissions restrictions, improvements in battery technology, and a greater emphasis on safety and dependability in the automotive sector. Additionally, manufacturers of BMS for the automotive sector entered the market as embedded solution providers. For instance, VVDN Technologies, a global provider of embedded product engineering, manufacturing, and solutions, declared in January 2023 that the company would be expanding its product line by providing manufacturing services and automotive engineering to auto OEMs, suppliers, and start-ups worldwide.
For automotive products, including digital cockpit solutions and driver assistance products like BMS, ADAS, Telematics Control Unit (TCU), and Mirrorless Camera Systems, VVDN offers design, development, and production capabilities. Due to government funding and the growing trend of electric vehicles to reduce greenhouse gas emissions, battery management systems for the automotive market are anticipated to develop quickly throughout the projected period.
Research Methodology:
The study’s estimation of the market size for battery management systems includes four main steps. For the purpose of gathering data on the market, its peer markets, and its parent market, extensive secondary research has been conducted. The next stage was to use primary research to validate these conclusions, presumptions, and estimates with industry experts from all points along the value chain. The total market size has been estimated using both top-down and bottom-up methods. The size of market segments and subsegments have then been estimated using market breakdown and data triangulation techniques. The primary participants share is given below:
Global Battery Management System (BMS) Market based on Battery Type:
- Lithium-ion based
- Lead-acid based
- Nickel-based
- Others
Global Battery Management System (BMS) Market based based on Topology:
- Centralized
- Distributed
- Modular
Global Battery Management System (BMS) Market based based on Application:
- Automotive
- Telecommunication
- Consumer electronics
- Industrial
- Others
Global Battery Management System (BMS) Market based based on Geography:
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe (RoE)
- Asia Pacific (APAC)
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific (RoAPAC)
- Latin America (LATAM)
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa (MEA)
- UAE
- Turkey
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
The market for battery management systems is segmented into three types: centralised, distributed, and modular. A single controller that is wired to many batteries is part of the centralised battery management system.
The battery management system board for a specific battery is connected to the distributed type by a single wire. When using a modular design, a selected number of batteries are controlled by a few connected controllers. Due to its low cost and limited capacity for expansion when compared to other battery management systems, the centralised battery management system is predicted to dominate the battery management system market.
The market is divided into lithium-ion, lead-acid, nickel, flow, and other types of batteries based on the type of battery. Due to its expanding use across numerous end-use sectors, lithium-ion batteries are projected to dominate the segment. According to the battery management systems used in the automotive, energy storage, consumer electronics, renewables, telecom, healthcare, military & defence, and other industries, the battery management system market is segmented by applications.
In order to meet the need for electricity in the event of a power outage, players in the power generating, renewable energy, and telecom industries are concentrating on employing batteries and other power backup sources like UPS and generators. Applications of the battery management systems include, among others, computing peak power, maximum DoD, and average power.
This means that in the near future, the rise of the renewable energy, communications, and power generating industries is projected to accelerate the market growth for battery management systems. Applications include determining the status of charge and state of health of the battery cells in electric or hybrid vehicles require battery management systems. Thus, it is anticipated that over the projected period, a rise in the sales of hybrid vehicles will increase demand for battery management systems.
Typically, battery management systems have set logics and limited controllability. Battery monitoring systems are necessary for the battery management systems to generate the additional information necessary related to various metrics in order to achieve and maintain the requisite efficiencies, which raises the price of the battery management systems. The development of battery management systems is anticipated to suffer as a result in the upcoming years.
- This report illustrates the most vital attributes of the Global Battery Management System (BMS) Market, which are driving and providing opportunities.
- This research gives an in-depth analysis of the Global Battery Management System (BMS) Market growth on the basis of several segments in the market.
- This report presents the predictions of the past and present trends of the Global Battery Management System (BMS) Market.
- This study also presents the competitive analysis, such as key strategies and capabilities of major players of the Global Battery Management System (BMS) Market.
List of Tables
TABLE 1. GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TYPE, 2021-2030 (USD BILLION)
TABLE 2. GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET FOR LITHIUM ION BASED, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 3. GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET FOR LEAD ACID BASED, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 4. GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET FOR NICKEL BASED, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 5. GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET FOR OTHERS, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 6. GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TOPOLOGY, 2021-2030 (USD BILLION)
TABLE 7. GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET FOR CENTRALIZED, 2021-2030 (USD BILLION)
TABLE 8. GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET FOR DISTRIBUTED, 2021-2030 (USD BILLION)
TABLE 9. GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET FOR MODULAR, 2021-2030 (USD BILLION)
TABLE 10. GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 11. GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET FOR AUTOMOTIVE, 2021-2030 (USD BILLION)
TABLE 12. GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET FOR TELECOMMUNICATION, 2021-2030 (USD BILLION)
TABLE 13. GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET FOR CONSUMER ELECTRONICS, 2021-2030 (USD BILLION)
TABLE 14. GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET FOR INDUSTRIAL, 2021-2030 (USD BILLION)
TABLE 15. GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET FOR OTHERS, 2021-2030 (USD BILLION)
TABLE 16. NORTH AMERICA GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY COUNTRY, 2021-2030 (USD BILLION)
TABLE 17. NORTH AMERICA GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TYPE, 2021-2030 (USD BILLION)
TABLE 18. NORTH AMERICA GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TOPOLOGY, 2021-2030 (USD BILLION)
TABLE 19. NORTH AMERICA GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 20. U.S GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TYPE, 2021-2030 (USD BILLION)
TABLE 21. U.S GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TOPOLOGY, 2021-2030 (USD BILLION)
TABLE 22. U.S GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 23. CANADA GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TYPE, 2021-2030 (USD BILLION)
TABLE 24. CANADA GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TOPOLOGY, 2021-2030 (USD BILLION)
TABLE 25. CANADA BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 26. MEXICO GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TYPE, 2021-2030 (USD BILLION)
TABLE 27. MEXICO GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TOPOLOGY, 2021-2030 (USD BILLION)
TABLE 28. MEXICO BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 29. EUROPE GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY COUNTRY, 2021-2030 (USD BILLION)
TABLE 30. EUROPE GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TYPE, 2021-2030 (USD BILLION)
TABLE 31. EUROPE GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TOPOLOGY, 2021-2030 (USD BILLION)
TABLE 32. EUROPE BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 33. GERMANY GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TYPE, 2021-2030 (USD BILLION)
TABLE 34. GERMANY GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TOPOLOGY, 2021-2030 (USD BILLION)
TABLE 35. GERMANY BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 36. U.K GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TYPE, 2021-2030 (USD BILLION)
TABLE 37. U.K GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TOPOLOGY, 2021-2030 (USD BILLION)
TABLE 38. U.K GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 39. FRANCE GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TYPE, 2021-2030 (USD BILLION)
TABLE 40. FRANCE GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TOPOLOGY, 2021-2030 (USD BILLION)
TABLE 41. FRANCE GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 42. ITALY GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TYPE, 2021-2030 (USD BILLION)
TABLE 43. ITALY GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TOPOLOGY, 2021-2030 (USD BILLION)
TABLE 44. ITALY GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 45. SPAIN GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TYPE, 2021-2030 (USD BILLION)
TABLE 46. SPAIN GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TOPOLOGY, 2021-2030 (USD BILLION)
TABLE 47. SPAIN GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 48. ROE GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TYPE, 2021-2030 (USD BILLION)
TABLE 49. ROE GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TOPOLOGY, 2021-2030 (USD BILLION)
TABLE 50. ROE GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 51. ASIA PACIFIC GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY COUNTRY, 2021-2030 (USD BILLION)
TABLE 52. ASIA PACIFIC GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TYPE, 2021-2030 (USD BILLION)
TABLE 53. ASIA PACIFIC GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TOPOLOGY, 2021-2030 (USD BILLION)
TABLE 54. ASIA PACIFIC GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 55. CHINA GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TYPE, 2021-2030 (USD BILLION)
TABLE 56. CHINA GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TOPOLOGY, 2021-2030 (USD BILLION)
TABLE 57. CHINA GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 58. INDIA GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TYPE, 2021-2030 (USD BILLION)
TABLE 59. INDIA GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TOPOLOGY, 2021-2030 (USD BILLION)
TABLE 60. INDIA GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 61. JAPAN GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TYPE, 2021-2030 (USD BILLION)
TABLE 62. JAPAN GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TOPOLOGY, 2021-2030 (USD BILLION)
TABLE 63. JAPAN GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 64. REST OF APAC GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TYPE, 2021-2030 (USD BILLION)
TABLE 65. REST OF APAC GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TOPOLOGY, 2021-2030 (USD BILLION)
TABLE 66. REST OF APAC GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 67. LATIN AMERICA GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TYPE, 2021-2030 (USD BILLION)
TABLE 68. LATIN AMERICA GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TOPOLOGY, 2021-2030 (USD BILLION)
TABLE 69. LATIN AMERICA GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 70. BRAZIL GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TYPE, 2021-2030 (USD BILLION)
TABLE 71. BRAZIL GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TOPOLOGY, 2021-2030 (USD BILLION)
TABLE 72. BRAZIL GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 73. ARGENTINA GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TYPE, 2021-2030 (USD BILLION)
TABLE 74. ARGENTINA GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TOPOLOGY, 2021-2030 (USD BILLION)
TABLE 75. ARGENTINA GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 76. MIDDLE EAST AND AFRICA GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TYPE, 2021-2030 (USD BILLION)
TABLE 77. MIDDLE EAST AND AFRICA GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TOPOLOGY, 2021-2030 (USD BILLION)
TABLE 78. MIDDLE EAST GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 79. SAUDI ARABIA GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TYPE, 2021-2030 (USD BILLION)
TABLE 80. SAUDI ARABIA GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TOPOLOGY, 2021-2030 (USD BILLION)
TABLE 81. SAUDI ARABIA GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 82. UAE GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TYPE, 2021-2030 (USD BILLION)
TABLE 83. UAE GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TOPOLOGY, 2021-2030 (USD BILLION)
TABLE 84. UAE GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 85. REST OF MIDDLE EAST AND AFRICA GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TYPE, 2021-2030 (USD BILLION)
TABLE 86. REST OF MIDDLE EAST AND AFRICA GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TOPOLOGY, 2021-2030 (USD BILLION)
TABLE 87. REST OF MIDDLE EAST AND AFRICA GLOBAL BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 88. ANALOG DEVICES INC.: FINANCIALS
TABLE 89. ANALOG DEVICES INC.: PRODUCTS & SERVICES
TABLE 90. ANALOG DEVICES INC.: RECENT DEVELOPMENTS
TABLE 91. SENSATA TECHNOLOGIES INC.: FINANCIALS
TABLE 92. SENSATA TECHNOLOGIES INC.: PRODUCTS & SERVICES
TABLE 93. SENSATA TECHNOLOGIES INC.: RECENT DEVELOPMENTS
TABLE 94. EXPONENTIAL POWER: FINANCIALS
TABLE 95. EXPONENTIAL POWER: PRODUCTS & SERVICES
TABLE 96. EXPONENTIAL POWER: RECENT DEVELOPMENTS
TABLE 97. EBERSPÄCHER: FINANCIALS
TABLE 98. EBERSPÄCHER: PRODUCTS & SERVICES
TABLE 99. EBERSPÄCHER: RECENT DEVELOPMENTS
TABLE 100. LECLANCHÉ SA: FINANCIALS
TABLE 101. LECLANCHÉ SA: PRODUCTS & SERVICES
TABLE 102. LECLANCHÉ SA: RECENT DEVELOPMENTS
TABLE 103. TEXAS INSTRUMENTS INCORPORATED: FINANCIALS
TABLE 104. TEXAS INSTRUMENTS INCORPORATED: PRODUCTS & SERVICES
TABLE 105. TEXAS INSTRUMENTS INCORPORATED: RECENT DEVELOPMENTS
TABLE 106. RENESAS ELECTRONICS CORPORATION: FINANCIALS
TABLE 107. RENESAS ELECTRONICS CORPORATION: PRODUCTS & SERVICES
TABLE 108. RENESAS ELECTRONICS CORPORATION: RECENT DEVELOPMENTS
TABLE 109. NUVATION ENERGY: FINANCIALS
TABLE 110. NUVATION ENERGY: PRODUCTS & SERVICES
TABLE 111. NUVATION ENERGY: RECENT DEVELOPMENTS
TABLE 112. ELITHION INC.: FINANCIALS
TABLE 113. ELITHION INC.: PRODUCTS & SERVICES
TABLE 114. ELITHION INC.: RECENT DEVELOPMENTS
TABLE 115. STMICROELECTRONICS: FINANCIALS
TABLE 116. STMICROELECTRONICS: PRODUCTS & SERVICES
TABLE 117. STMICROELECTRONICS: RECENT DEVELOPMENTS
