Battery Management System (BMS) Market, by Topologies (Distributed, Modular, and Centralized), by Components (Battery Management Unit and Communication Unit), and by Verticals (Automotive (E-Vehicles (EVs, HEVs, PHEVs, BEV, Racing vehicles and Electric He

9 - 2027

A battery management system (BMS) is an electronic system that maintains the optimal health of battery. This is done by monitoring battery state, controlling load environment, and balancing and charging accordingly. Moreover, battery management system several benefits such as prolonged battery life, prevention of battery damage due to voltage fluctuation and overcharging, supervising the optimal state of charging for the battery, and interfacing with the host application to deliver real-time information regarding battery health.

Increasing demand for electric vehicles in Asia Pacific region such China and India

Increasing demand for electric vehicles in emerging economies of Asia Pacific region such as China and India is expected to drive the growth of the global battery management system market over the forecast period. The battery management system offers various advantages including prolonged battery life, prevention of battery damage due to voltage fluctuation and overcharging, As per the Electric Vehicle World Sales Database, China sold around 1.3 million plug-in electric vehicles and plug-in hybrids electric vehicles in 2018, which was 62% higher than in 2017. As EVs are continuously improving and becoming more affordable, EVs are expected to account for significant market share in China by 2025. This high growth in the number of electric vehicles will create better growth opportunities for the global battery management system market in China.

However, Lack of regulated policies for developing battery management system is expected to restrain growth of the global battery management system (BMS) market over the forecast period.

Market Taxonomy

This report segments the global battery management system market on the basis of Topologies, Components, and Verticals. On the basis of Topologies, the global battery management system market is segmented into distributed, modular, and centralized. On the basis of components, the market is segmented into battery management unit and communication unit. On the basis of verticals, the market is segmented into Automotive (E-Vehicles (EVs, HEVs, PHEVs, BEV, Racing vehicles and Electric Heavy Vehicles), Golf Cart, Medical Mobility Vehicles, E-Recreational Vehicles and Segways), Telecom, Energy (Grid, solar, wind, portable battery packs, energy storage systems, UPS), Drones, Consumer/Handheld (Power tools, vacuum cleaners, portable medical equipment and others).

Key features of the study:

  • This report provides an in-depth analysis of the global battery management system market and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2019 – 2027), considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global battery management system market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study AVL, Cummins, Inc., Johnson Matthey Battery Systems, L&T Technology Services, Lithium Balance Corporation, Merlin Equipment Ltd., Navitas System, LLC, Nuvation Engineering, The Ventec Company, Toshiba Corporation, TWS (Technology with Spirit), and Vecture Inc.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global battery management system market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global battery management system
Detailed Segmentation:
  • Global Battery Management System Market, By Topologies:
  • Distributed
  • Modular
  • Centralized
  • Global Battery Management System Market, By Components:
  • Battery Management Unit
  • Communication Unit
  • Global Battery Management System Market, By Verticals:
  • Automotive (E-Vehicles (EVs, HEVs, PHEVs, BEV, Racing vehicles and Electric Heavy Vehicles), Golf Cart, Medical Mobility Vehicles, E-Recreational Vehicles and Segways)
  • Telecom
  • Energy (Grid, solar, wind, portable battery packs, energy storage systems, UPS)
  • Drones
  • Consumer/Handheld (Power tools, vacuum cleaners, portable medical equipment and others)
  • Company Profiles
  • AVL*
  • Company Overview
  • Product Portfolio
  • Financial Performance
  • Key Strategies
  • Recent Developments
  • Future Plans
  • Cummins, Inc.
  • Johnson Matthey Battery Systems
  • L&T Technology Services
  • Lithium Balance Corporation
  • Merlin Equipment Ltd.
  • Navitas System, LLC
  • Nuvation Engineering
  • The Ventec Company
  • Toshiba Corporation
  • TWS (Technology with Spirit)
  • Vecture Inc.
*Browse all the market data tables and figures on "Global Battery Management System Market - Forecast to 2027”


1. Research Objective and Assumption
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Topologies
Market Snippet, By Components
Market Snippet, By Verticals
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New system Launch/Approvals
Value Chain Analysis
Porter’s Analysis
PEST Analysis
4. Global Battery Management System Market, By Topologies, 2017-2027 (US$ Million)
Introduction
Market Share Analysis, 2017 and 2027 (%)
Segment Trends
Distributed
Introduction
Market Size and Forecast, 2019–2027, (US$ Million)
Modular
Introduction
Market Size and Forecast, 2019–2027, (US$ Million)
Centralized
Introduction
Market Size and Forecast, 2019–2027, (US$ Million)
5. Global Battery Management System Market, By Components, 2017-2027 (US$ Million)
Introduction
Market Share Analysis, 2017 and 2027 (%)
Segment Trends
Battery Management Unit
Introduction
Market Size and Forecast, 2019–2027, (US$ Million)
Communication Unit
Introduction
Market Size and Forecast, 2019–2027, (US$ Million)
6. Global Battery Management System Market, By Verticals, 2017-2027 (US$ Million)
Introduction
Market Share Analysis, 2017 and 2027 (%)
Segment Trends
Automotive (E-Vehicles (EVs, HEVs, PHEVs, BEV, Racing vehicles and Electric Heavy Vehicles), Golf Cart, Medical Mobility Vehicles, E-Recreational Vehicles and Segways)
Introduction
Market Size and Forecast, 2019–2027, (US$ Million)
Telecom
Introduction
Market Size and Forecast, 2019–2027, (US$ Million)
Energy (Grid, solar, wind, portable battery packs, energy storage systems, UPS)
Introduction
Market Size and Forecast, 2019–2027, (US$ Million)
Drones
Introduction
Market Size and Forecast, 2019–2027, (US$ Million)
Consumer/Handheld (Power tools, vacuum cleaners, portable medical equipment and others)
Introduction
Market Size and Forecast, 2019–2027, (US$ Million)
7. Global Battery Management System Market, By Region, 2017-2027 (US$ Million)
Introduction
Market Share Analysis, By Region, 2017 and 2027 (%)
North America
Regional Trends
Market Size and Forecast, By Topologies, 2019–2027 (US$ Million)
Market Size and Forecast, By Components, 2019–2027 (US$ Million)
Market Size and Forecast, By Verticals, 2019–2027 (US$ Million)
Market Share Analysis, By Country, 2019 and 2027 (%)
U.S.
Canada
Europe
Regional Trends
Market Size and Forecast, By Topologies, 2019–2027 (US$ Million)
Market Size and Forecast, By Components, 2019–2027 (US$ Million)
Market Size and Forecast, By Verticals, 2019–2027 (US$ Million)
Market Share Analysis, By Country, 2019 and 2027 (%)
U.K.
Germany
Italy
France
Russia
Rest of Europe
Asia Pacific
Regional Trends
Market Size and Forecast, By Topologies, 2019–2027 (US$ Million)
Market Size and Forecast, By Components, 2019–2027 (US$ Million)
Market Size and Forecast, By Verticals, 2019–2027 (US$ Million)
Market Share Analysis, By Country, 2019 and 2027 (%)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Regional Trends
Market Size and Forecast, By Topologies, 2019–2027 (US$ Million)
Market Size and Forecast, By Components, 2019–2027 (US$ Million)
Market Size and Forecast, By Verticals, 2019–2027 (US$ Million)
Market Share Analysis, By Country, 2019 and 2027 (%)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East and Africa
Regional Trends
Market Size and Forecast, By Topologies, 2019–2027 (US$ Million)
Market Size and Forecast, By Components, 2019–2027 (US$ Million)
Market Size and Forecast, By Verticals, 2019–2027 (US$ Million)
Market Share Analysis, By Country, 2019 and 2027 (%)
GCC Countries
South Africa
Rest of the Middle East and Africa
8. Competitive Landscape
Company Profiles
AVL
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Cummins, Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Johnson Matthey Battery Systems
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
L&T Technology Services
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Lithium Balance Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Merlin Equipment Ltd.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Navitas System, LLC
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Nuvation Engineering
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
The Ventec Company
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Toshiba Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
TWS (Technology with Spirit)
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Vecture Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Analyst Views
9. Section
References
Research Methodology
About us and Sales Contact
*Browse all market data tables and figures on "Battery Management System Market - Global forecast to 2027”.

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