"Actionable Insights to Fuel Your Growth"
The battery management system is an electronically operated management system for rechargeable batteries. The battery management systems aid in the protection of the battery pack, calculating the state of charge and monitoring the safety and health of the battery pack among other applications.
Additionally, the battery management systems provide some specific features for batteries used in electric vehicles such as battery discharge protection, charge protection, and state of charge monitoring, among other features. The choice of the battery management system defines the life period and quality of the battery pack. For high power traction and stationary batteries, the battery management system is a must-have technology for monitoring the parameters continuously.
To gain extensive insights into the market, Request for Customization
By type, the battery management system market is bifurcated as centralized, distributed, and modular battery management systems. The centralized battery management system contains a single controller that is connected to multiple batteries through wires.
The distributed type has a battery management system board for a particular battery that is linked to it through a single wire. In modular type, some controllers are interconnected and control a desired number of batteries. The centralized battery management system is expected to dominate the battery management system by type owing to its economical price and least expandable as compared to other battery management systems.
Based on battery type, the market is segmented as lithium-ion, lead-acid, nickel, flow and other types of batteries. The lithium-ion battery is likely to dominate the segment due to its increasing application in various end-use industries. By applications, the battery management system market is classified on the basis of the battery management systems used in automotive, energy storage, consumer electronics, renewables, telecom, healthcare, military & defense, and other industries.
Players involved in the power generation, renewable and telecom industries are focused on using batteries and other power backup sources such as UPS and generators for meeting the power demands in case of a power outage. The battery management systems have applications such as calculating peak power, maximum DoD, and average power among others.
Owing to this, the growth of the renewable, telecom, and power generation industries is likely to augment the market growth of the battery management system market in the near future. Battery management systems are used for applications such as calculating the state of charge and state of health of the battery cells of electric or hybrid vehicles. The growth in the sales of the hybrid vehicles is thus expected to boost the demand for the battery management systems over the forecast period.
Battery management systems generally have defined logics and limited control capabilities. In order to achieve and maintain the required efficiencies, the battery management systems need battery monitoring systems for generating additional required information related to different parameters which add in the cost of the battery management systems. This is expected to have a negative impact on the growth of the battery management systems in the coming years.
Some of the major companies that are present in the global battery management system market are Toshiba Electronic Devices and Storage Corporation, FICOSA, Schneider Electric, Lithium Werks, Johnson Matthey, Analog Devices, Nuvation Energy, Texas Instruments Incorporated, Renesas Electronics, Orion BMS, NXP Semiconductors, Accurate Ampere, PowerTech Systems and AVL among others.
By Battery Type
· Lithium-ion Battery
· Lead-Acid Battery
· Nickel Battery
· Flow Battery
· Energy Storage
· Consumer Electronics
· Military & Defence
· North America (the USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico, and Rest of Latin America)
· Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)
The global battery management system market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In order to curb the changing climatic conditions, the U.S is planning to add new renewable capacities in the coming years. For instance, Texas, Lowa, and Illinois are planning to add wind power capacities of more than 6 GW in the year 2019 as reported by U.S Energy Information Administration. Owing to the growth of the renewable industry in North America, the battery management system market is expected to grow at a decent pace in the near future. The Europe region has witnessed significant growth in the sales of electric vehicles in the recent past. Owing to this, the automotive industry in the region is expected to witness an appreciable growth in the coming years. The growth of the automotive industry in Europe is likely to drive the growth of the battery management system market in the region. Latin America region is focused on adding new renewable capacities to meet the energy demands in the region. Owing to the growth of the renewable industry in Latin America, the battery management system market is expected to grow at significant rates in the coming years. Increasing renewable solar capacities in South Africa and GCC countries is expected to boost the energy storage and renewable industry growth in the Middle East and Africa region. Owing to this, the battery management system market is expected to gain traction over the forecast period in the Middle East and Africa. Asia Pacific region is focused on increasing the electric vehicle fleet owing to the growing concern for CO2 emissions. The Telecom industry in the region is also reported to have decent growth in the recent past. Owing to the growth of the electric vehicle market and the telecom industry, the battery management system market is expected to witness healthy growth in the region.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry