Over the next five years the Battery Management System (BMS) Market will register an 20.3% CAGR in terms of revenue, the global market size will reach USD 24.85 billion by 2027.
Battery Management System (BMS) Market Overview
A battery management system is the brain that controls battery packs. It is an electronic system that regulates and monitors the charging and discharging of batteries and sends out signals regarding their status and condition. Furthermore, one of the key functions of a battery management system is to provide important safeguards to prevent batteries from harm. There are two major design issues with lithium-ion batteries. The first issue is that they can be damaged if they are overcharged, resulting in overheating, fire, and other problems. Furthermore, if a lithium-ion battery is discharged below a particular threshold, which is roughly 5% of its total capacity, it can be harmed. If the batteries are discharged below this level, the battery may be irreversibly damaged.The lack of understanding among non-data centre, on the other hand, is concerning. The report aspects discussed the profile of the top manufacturers of the global Battery Management System (BMS) market. These aspects include financial status of major companies, trending advancements and entire market scenario. Growth of the report have examined Battery Management System (BMS) Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.
Industry News
- BYD, one of the world’s best-selling EV brands, announced today its collaboration with NVIDIA on intelligent driving technology. BYD will use the NVIDIA DRIVE Hyperion computing architecture in its new energy vehicles (NEVs) for automated driving and parking, starting in the first half of 2023.
- October 9, 2015 --- Hitachi Automotive Systems, Ltd. today announced that the company started to supply Nissan Motor Co., Ltd. with the high-output lithium-ion battery pack used in the new Nissan Murano Hybrid launched in August by Nissan in the People's Republic of China.
What are the major Applications, Types and Regions for Battery Management System (BMS) Market?
Battery Management System (BMS) Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
Distributed
Centralized
Modular
By Applications it is segmented into
Battery Management System (BMS) Market Regional Analysis
Europe dominated the battery management system market in 2018. Europe is home to a few major battery manufacturers such as Saft (France) and FIAMM (Italy). The automobile industry of Europe is an advanced industry with the leanest production processes where the use of water and energy is optimized. The demand for battery management systems is attributed to the presence of manufacturing facilities of major automotive manufacturers such as the BMW Group (Germany), Daimler (Germany), and Volkswagen (Germany).
All these factors greatly affect the Battery Management System (BMS) market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
The Battery Management System (BMS) Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyses market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Battery Management System (BMS) Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Battery Management System (BMS) Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 20.3% during the review period (2022 to 2027).
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By Type
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- Distributed
- Centralized
- Modular
- Others
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By Application
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By Companies
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Tesla Motors, BYD, Catlbattery, Sacimotor, BAIC BJEV, LG Chem, Denso, Calsonic Kansei, Joyson Electronics, Mewyeah, Klclear, Hzepower, Gotion High-Tech, Hitachi, Sinoev, Hyundai Kefico and others.
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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161
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Battery Management System (BMS) Report
- Evaluate Battery Management System (BMS) market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Battery Management System (BMS) market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
FAQ -
What is the study period of this market?
The Battery Management System (BMS) Market is studied from 2017 - 2027.
What is the growth rate of Battery Management System (BMS) Market?
The Battery Management System (BMS) Market is growing at a CAGR of 20.3% over the next 5 years.
What regions does this Battery Management System (BMS) Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
