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Global Battery Management System Market Size study, by Topologies (Distributed, Modular, and Centralized), Components (Battery Management Unit and Communication Unit), Verticals (Automotive, Telecom, Energy, Drones, and Consumer/Handheld) and Regional Forecasts 2021-2027

  • BIZ4595036
  • 200 Pages
  • June 2021
  • Energy and Power
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Global Battery Management System Market is valued approximately USD 6.20 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 19.25 % over the forecast period 2021-2027. A battery management system (BMS) is an electronic system that ensures a battery's optimal health. This is accomplished by monitoring the battery's state, managing the load situation, and balancing and charging as needed. Increasing demand for e-bikes, e-scooters, and S-Pedelecs is likely to drive the global battery management market during the forecast period. During the projected period, the global battery management system market is predicted to rise due to rising demand for electric vehicles around the world. This is due in part to rising fuel costs and government-imposed rigorous regulatory policies aimed at reducing CO2 emissions. According to the International Energy Agency (IEA), global production of electric passenger vehicles surpassed 5 million units in 2018. According to the same source, China accounted for approximately 45 % of all electric vehicles on the road in 2018. Furthermore, the number of EV charging stations reached over 5.2 million in 2018. However, vendor and OEM profit margins are declining, and the battery's structure is complex which hinders the growth of the market over the forecast period of 2021-2027. Also, growing use of battery-powered vehicles in public transportation, and proactive government actions to promote the usage of electric vehicles is likely to increase the market growth during the forecast period.

The regional analysis of global Battery Management System market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading region across the world in terms of market share owing to the advanced automobile industry, acceptance of electric vehicles (EVs), plug-in hybrid vehicles (PHEVs), and hybrid electric vehicles (HEVs) and increase in costs of fuel. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as stringent environmental legislation and pollution mitigation standards, the presence of some of the world's largest vehicle manufacturers, and the expanding usage of rechargeable batteries are all contributing to the rapid growth of the vehicle and telecom sectors, thus creating lucrative growth prospects for the Battery Management System market across Asia-Pacific region.

Major market player included in this report are:

Vecture Inc.

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)

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Topologies:

Distributed

Modular

Centralized

By Components:

Battery Management Unit

Communication Unit

By Verticals:

Automotive

Telecom

Energy Drones

Consumer/Handheld

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019

Base year – 2020

Forecast period – 2021 to 2027

Target Audience of the Global Battery Management System Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)

1.2.1. Battery Management System Market, by Region, 2019-2027 (USD Billion)

1.2.2. Battery Management System Market, by Topologies, 2019-2027 (USD Billion)

1.2.3. Battery Management System Market, by Components, 2019-2027 (USD Billion)

1.2.4. Battery Management System Market, by Verticals, 2019-2027 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Battery Management System Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Battery Management System Market Dynamics

3.1. Battery Management System Market Impact Analysis (2019-2027)

3.1.1. Market Drivers

3.1.1.1. Increasing demand for e-bikes, e-scooters, and S-Pedelecs

3.1.1.2. Government-imposed rigorous regulatory policies aimed at reducing CO2 emissions

3.1.2. Market Challenges

3.1.2.1. Declining vendor and OEM profit margins

3.1.2.2. Complex battery's structure

3.1.3. Market Opportunities

3.1.3.1. Growing use of battery-powered vehicles in public transportation

3.1.3.2. Proactive government actions to promote the usage of electric vehicles

Chapter 4. Global Battery Management System Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Battery Management System Market, by Topologies

5.1. Market Snapshot

5.2. Global Battery Management System Market by Topologies, Performance - Potential Analysis

5.3. Global Battery Management System Market Estimates & Forecasts by Topologies 2018-2027 (USD Billion)

5.4. Battery Management System Market, Sub Segment Analysis

5.4.1. Distributed

5.4.2. Modular

5.4.3. Centralized

Chapter 6. Global Battery Management System Market, by Components

6.1. Market Snapshot

6.2. Global Battery Management System Market by Components, Performance - Potential Analysis

6.3. Global Battery Management System Market Estimates & Forecasts by Components 2018-2027 (USD Billion)

6.4. Battery Management System Market, Sub Segment Analysis

6.4.1. Battery Management Unit

6.4.2. Communication Unit

Chapter 7. Global Battery Management System Market, by Verticals

7.1. Market Snapshot

7.2. Global Battery Management System Market by Verticals, Performance - Potential Analysis

7.3. Global Battery Management System Market Estimates & Forecasts by Verticals 2018-2027 (USD Billion)

7.4. Battery Management System Market, Sub Segment Analysis

7.4.1. Automotive

7.4.2. Telecom

7.4.3. Energy

7.4.4. Drones

7.4.5. Consumer/Handheld

Chapter 8. Global Battery Management System Market, Regional Analysis

8.1. Battery Management System Market, Regional Market Snapshot

8.2. North America Battery Management System Market

8.2.1. U.S. Battery Management System Market

8.2.1.1. Topologies breakdown estimates & forecasts, 2018-2027

8.2.1.2. Components breakdown estimates & forecasts, 2018-2027

8.2.1.3. Verticals breakdown estimates & forecasts, 2018-2027

8.2.2. Canada Battery Management System Market

8.3. Europe Battery Management System Market Snapshot

8.3.1. U.K. Battery Management System Market

8.3.2. Germany Battery Management System Market

8.3.3. France Battery Management System Market

8.3.4. Spain Battery Management System Market

8.3.5. Italy Battery Management System Market

8.3.6. Rest of Europe Battery Management System Market

8.4. Asia-Pacific Battery Management System Market Snapshot

8.4.1. China Battery Management System Market

8.4.2. India Battery Management System Market

8.4.3. Japan Battery Management System Market

8.4.4. Australia Battery Management System Market

8.4.5. South Korea Battery Management System Market

8.4.6. Rest of Asia Pacific Battery Management System Market

8.5. Latin America Battery Management System Market Snapshot

8.5.1. Brazil Battery Management System Market

8.5.2. Mexico Battery Management System Market

8.6. Rest of The World Battery Management System Market

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies

9.2. Company Profiles

9.2.1. Vecture Inc.

9.2.1.1. Key Information

9.2.1.2. Overview

9.2.1.3. Financial (Subject to Data Availability)

9.2.1.4. Product Summary

9.2.1.5. Recent Developments

9.2.2. Cummins, Inc.

9.2.3. Johnson Matthey Battery Systems

9.2.4. L&T Technology Services

9.2.5. Lithium Balance Corporation

9.2.6. Merlin Equipment Ltd.

9.2.7. Navitas System, LLC

9.2.8. Nuvation Engineering

9.2.9. The Ventec Company

9.2.10. Toshiba Corporation

9.2.11. TWS (Technology with Spirit)

Chapter 10. Research Process

10.1. Research Process

10.1.1. Data Mining

10.1.2. Analysis

10.1.3. Market Estimation

10.1.4. Validation

10.1.5. Publishing

10.2. Research Attributes

10.3. Research Assumption

List of Tables

TABLE 1. Global Battery Management System market, report scope

TABLE 2. Global Battery Management System market estimates & forecasts by Region 2018-2027 (USD Billion)

TABLE 3. Global Battery Management System market estimates & forecasts by Topologies 2018-2027 (USD Billion)

TABLE 4. Global Battery Management System market estimates & forecasts by Components 2018-2027 (USD Billion)

TABLE 5. Global Battery Management System market estimates & forecasts by Verticals 2018-2027 (USD Billion)

TABLE 6. Global Battery Management System market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 7. Global Battery Management System market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 8. Global Battery Management System market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 9. Global Battery Management System market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 10. Global Battery Management System market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 11. Global Battery Management System market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 12. Global Battery Management System market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 13. Global Battery Management System market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 14. Global Battery Management System market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 15. Global Battery Management System market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 16. U.S. Battery Management System market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 17. U.S. Battery Management System market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 18. U.S. Battery Management System market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 19. Canada Battery Management System market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 20. Canada Battery Management System market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 21. Canada Battery Management System market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 22. UK Battery Management System market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 23. UK Battery Management System market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 24. UK Battery Management System market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 25. Germany Battery Management System market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 26. Germany Battery Management System market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 27. Germany Battery Management System market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 28. RoE Battery Management System market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 29. RoE Battery Management System market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 30. RoE Battery Management System market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 31. China Battery Management System market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 32. China Battery Management System market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 33. China Battery Management System market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 34. India Battery Management System market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 35. India Battery Management System market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 36. India Battery Management System market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 37. Japan Battery Management System market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 38. Japan Battery Management System market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 39. Japan Battery Management System market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 40. RoAPAC Battery Management System market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 41. RoAPAC Battery Management System market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 42. RoAPAC Battery Management System market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 43. Brazil Battery Management System market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 44. Brazil Battery Management System market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 45. Brazil Battery Management System market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 46. Mexico Battery Management System market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 47. Mexico Battery Management System market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 48. Mexico Battery Management System market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 49. RoLA Battery Management System market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 50. RoLA Battery Management System market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 51. RoLA Battery Management System market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 52. Row Battery Management System market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 53. Row Battery Management System market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 54. Row Battery Management System market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 55. List of secondary sources, used in the study of global Battery Management System market

TABLE 56. List of primary sources, used in the study of global Battery Management System market

TABLE 57. Years considered for the study

TABLE 58. Exchange rates considered

 
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