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Pulished Date February, 2020
ID: 9134
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Battery Management System Market Analysis Report Segmented By Batterry Type, Application, Topology & Region - Global Industry Size, Share, Trends, Forecast | 2019 - 2025

Pulished: February, 2020
ID: 9134
Pages: 123

Battery Management System Market Analysis Report (2019 - 2025)

It is estimated that the Battery Management System industry's economy is going to touch around USD 13.5 billion by 2025, increasing from the current value of USD 5.6 billion in 2019 at a CAGR of over 19.5% during the forecast period.

The growth in electric vehicles and renewable energy monitoring system will be one of the main reasons for the Battery Management System Market's growth in the forecast period.

Battery Management System abbreviated as BMS is a technology that takes care of the batteries in various products like UPS (Uninterrupted Power Supply), generator, etc. The BMS determines, analyses the performance, health and the condition of a battery. It also prolongs battery life for the best end-user experience.

Driving Factors 

Growth of the infrastructure for the electric vehicles to come on to the roads and the visions of the various governments to encourage it is fueling the growth of electric cars, e-bikes, etc. In the process of manufacturing these products, batteries play a significant role. These changes in the automotive industry give a lot of confidence to predict the growth of Battery Management System Market in a positive way.

The rise in the demand for UPS, Generators gives a boost to the Battery Management System Market. To run a UPS or generator, it is essential to have its own built-in management system to analyze and repair the health of a battery sometimes. These give the battery manufacturers to amalgamate the battery management systems in their cells. The adoption of these systems by the manufacturers is growing day by day for the safety of their products, which will be one of the reasons for the rise of the battery management system business in the foreseen period.

The rise in the use of the generators and UPSs in the emergency situations are growing every day like using them in hospitals, for the military operations, etc., which will support the growth of battery market and proportionally the battery management system industry. 

Challenges 

Though Battery Management System Market is facing growth in a positive way, there is a challenge that it still has to overcome. The ricks that failings of the BMS in a battery are quite high due to the quality issues. Quality is playing a pivotal role to select a product in the market. Therefore, it is said that that companies that take care of their products' quality can be succeeded in the coming years.

Recent Developments:

  • Bombardier Transportation selected Leclanche, a Switzerland based company that popular around the globe for their Battery Management Systems, a global provider of battery systems to power railway transportation. The collaboration of Leclanche and Bombardier transportation will reduce the industry dependence on IC engines and lead to the reduction of greenhouse gas emissions with the help of their batteries
  • ION Energy, an Indian based company that their products are accessible globally, is offering a solution to many battery problems by a unique electronic platform PaaS (Platform-as-a-Service) which uses AI (Artificial Intelligence) and software analytics to detect and improvise the battery health

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2018 – 2025

Base Year

2018

Forecast Period

2019 - 2025

Segments Covered

By Type, Battery Type, Topology, Application & Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders

Leclanche (Switzerland), Lithium Balance (Denmark), Nuvation Engineering (US), Eberspaecher Vecture (Canada), Storage Battery Systems (US), and Johnson Matthey (UK), among other players. A total of 25 major players covered.

 

Battery Management System Market is segmented & sub-segmented into following categories as per the research report until 2024.

Battery Management System Market: By Battery Type

  • Lithium Ion
  • Advanced Lead-Acid
  • Others

Battery Management System Market: By Type

  • Motive Battery
  • Stationary Battery

Among them, the Lithium-Ion battery type is likely to be the dominant type and stand as the leader in the Battery Management System market. The inexpensive way of manufacturing methods gives this system an aggressive price which is liked by the customers. It is already the most significant segment in the BMS market, and it will be the forecast too. The increasing demand for consumer electronics, smartphones and other devices fuel the expansion of the lithium-ion battery segment.

Battery Management System Market: By Topology

  • Centralized
  • Modular
  • Distributed

Battery Management System Market: By Application

  • Automotive
    • Electric Vehicles
    • E-Bikes
    • Automated Guided Vehicles
  • Military
  • Telecommunications
  • Renewable Energy Systems
  • UPS (Uninterrupted Power Supply)
  • Others
    • Marine
    • Medical Devices

Among them, the Automotive industry is the primary market that offers a lot of scope for the growth of the Battery Management System market. With the increase in the trend of using electric transportation, users can travel in an inexpensive manner by allowing a vehicle using the power from battery efficiently. The automotive industry will be the major shareholder in the BMS market in the estimated period.

Battery Management System Market: By Geography

The Battery Management System Market Report includes the segmentation of Regions with respective Countries.

  • North America Battery Management System Market includes the U.S, Canada

  • Europe Battery Management System Market includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe

  • Asia Pacific Battery Management System Market includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC

  • Latin America Battery Management System Market includes Brazil, Mexico, Argentina, Chile & Rest of LATAM

  • Middle East & Africa Battery Management System Market includes KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA

Among them, Europe dominated the Battery Management System Market with major BMS manufacturers like Saft, a France based company and FIAMM, an Itlay based company, Europe is at the top place in terms of battery manufactures. Also, one of the most popular automobile manufacturers that are found in Germany like Volkswagen, Daimler, BMW, Mercedes-Benz, brings Europe to the leading position in the global BMS market.

Some of the leading companies in the Battery Management System Market are Leclanche (Switzerland), Lithium Balance (Denmark), Nuvation Engineering (US), Eberspaecher Vecture (Canada), Storage Battery Systems (US), and Johnson Matthey (UK), among other players. A total of 25 major players covered.

 

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