Selbyville, Delaware, March 25, 2021 (GLOBE NEWSWIRE) -- According to industry experts and seasoned forecasters, worldwide battery management system market size is estimated to expand at yearly growth rate of 18.5% during the forecast period 2020-2025. Steady transition from combustion engine powered vehicles to electric vehicles in view of growing concerns regarding alarming levels of carbon emissions from diesel and petrol-based public and personal transportation is warranting the industry growth.
Proceeding further into the research, the market is fragmented into several parts, including into battery type, topology, application, and geographical scope. All the industry segments are individually assessed to uncover the avenues that will materialize into lucrative revenue pockets in the forthcoming years. The research document also deeply explores the competitive landscape in accordance with the leading companies, emerging competitors, and newcomers in this business space.
For the uninitiated, battery management system is an electronic system designed for monitoring and controlling the charging as well as discharging of rechargeable batteries. Apart from this, they are utilized for computing secondary data, reporting it, and controlling its environment.
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In recent times, the emergence of new & advanced technologies in IT sector and their integration with batteries have improved the growth prospects of the overall global battery management industry remuneration. For instance, cloud-based battery monitoring allows monitoring the state of charge and health of device battery via an online integrated application.
Speaking of the negatives, cost-inefficiency impedes the uptake of battery management systems across the globe. Furthermore, implementation of BMS with battery in electric vehicles significantly raises the final product cost.
Application scope overview
Global battery management system industry, based on the application spectrum, is fragmented into military & defense, automotive, consumer electronics, UPS, medical & healthcare, renewable energy systems, telecommunication, and others.
Consumer electronics segment accounted for majority industry share in the recent past and will likely continue maintaining an upward growth trajectory in the ensuing years. This can be attributed to widespread use of lithium-ion batteries in consumer durables such as laptops, smartphones, tablets, computes, and UPS.
On the other hand, automotive segment is projected to depict a significant growth rate over the projected timeline, at the backdrop of rising environmental concerns regarding vehicular emissions, favorable government policies of EV manufacturing, and in-house production of batteries for EVs.
Renewable energy systems segment is also expected witness strong gains in the upcoming years, creditable to increasing establishments of renewable power plants and offshore wind farms in both developed and developing economies.
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Global Battery Management System Market Battery Type Sub-Segments (Revenue, 2015-2025)
- Lithium-Ion Battery
- Nickel Battery
- Lead-Acid Battery
- Flow Battery
- Others
Global Battery Management System Market Topology Sub-Segments (Revenue, 2015-2025)
- Distributed
- Centralized
- Modular
Global Battery Management System Market Component Sub-Segments (Revenue, 2015-2025)
- Software
- Hardware
Global Battery Management System Market Application Sub-Segments (Revenue, 2015-2025)
- Military & Defense
- Automotive
- Consumer Electronics
- UPS
- Medical & Healthcare
- Renewable Energy Systems
- Telecommunication
- Others
Global Battery Management System Market Geographical Segmentation (Revenue, 2015-2025)
North America
- United states
- Canada
- Mexico
South America
- Argentina
- Brazil
- Colombia
Europe
- Germany
- Italy
- France
- United Kingdom
- Spain
- Russia
Middle East & Africa
- UAE
- Qatar
- Saudi Arabia
- South Africa
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
Global Battery Management System Market Company Profiles (Revenue, 2015-2025)
- Lithium Balance A/S
- Vecture, Inc.
- Texas Instruments, Inc.
- Nuvation Engineering
- NXP Semiconductors N.V
- Venture, Inc.
- Ventech SAS
- Johnson Matthey
- Linear Technologies, Inc.
- Elithion, Inc.
Table of Content:
1. Introduction
1.1. Research Process
1.2. Assumption
1.3. Market Segmentation
1.4. Market Definition
2. Executive Summary
3. Expert Verbatim- What our Experts Say?
4. Global Battery Management System Market Outlook, 2015-2025
4.1. Market Potential & Outlook
4.1.1. By Revenues
4.2. Market Segmentation & Outlook
4.2.1.1. By Battery Type
4.2.1.1.1. Lithium-Ion Battery
4.2.1.1.2. Lead-Acid Battery
4.2.1.1.3. Nickel Battery
4.2.1.1.4. Flow Battery
4.2.1.1.5. Others
4.2.1.2. By Topology
4.2.1.2.1. Centralized
4.2.1.2.2. Distributed
4.2.1.2.3. Modular
4.2.1.3. By Components
4.2.1.3.1. Hardware
4.2.1.3.2. Software
4.2.2. By Application
4.2.2.1.1. Automotive
4.2.2.1.2. Military & Defense
4.2.2.1.3. Consumer Electronics
4.2.2.1.4. Medical & Healthcare
4.2.2.1.5. UPS
4.2.2.1.6. Telecommunication
4.2.2.1.7. Renewable Energy Systems
4.2.2.1.8. Others
4.2.3. By Region
4.2.3.1. North America
4.2.3.2. South America
4.2.3.3. Europe
4.2.3.4. Middle East & Africa
4.2.3.5. Asia-Pacific
4.2.4. By Company
4.2.4.1. Revenue Shares
4.2.4.2. Strategic Factorial Indexing
4.2.4.3. Competitor Placement in Markntel Quadrant
5. North America Battery Management System Market Outlook, 2015-2025F
5.1. Market Potential & Outlook
5.1.1. By Revenues
5.2. Market Segmentation & Outlook
5.2.1. By Battery Type
5.2.2. By Topology
5.2.3. By Components
5.2.4. By Application
5.2.5. By Country
5.2.5.1. US
5.2.5.2. Mexico
5.2.5.3. Canada
5.3. The US Battery Management System Market Outlook (2015-2025F)
5.3.1. Market Potential & Outlook
5.3.1.1. By Revenues
5.3.2. Market Segmentation & Outlook
5.3.2.1. By Battery Type
5.3.2.2. By Topology
5.3.2.3. By Components
5.3.2.4. By Application
5.3.2.5. By Region
5.4. Canada Battery Management System Market Outlook, 2015-2025F
5.4.1. Market Potential & Outlook
5.4.1.1. By Revenues
5.4.2. Market Segmentation & Outlook
5.4.2.1. By Battery Type
5.4.2.2. By Topology
5.4.2.3. By Components
5.4.2.4. By Application
6. South America Battery Management System Market Outlook, 2015-2025F
6.1. Market Potential & Outlook
6.1.1. By Revenues
6.2. Market Segmentation & Outlook
6.3. Brazil Battery Management System Market Outlook, 2015-2025F
6.4. Argentina Battery Management System Market Outlook, 2015-2025F
6.5. Colombia Battery Management System Market Outlook, 2015-2025F
7. Europe Battery Management System Market Outlook, 2015-2025F
7.1. Market Potential & Outlook
7.2. Market Potential & Outlook
7.2.1. By Revenues
7.3. Market Segmentation & Outlook
7.4. Germany Battery Management System Market Outlook, 2015-2025F
7.5. The UK Battery Management System Market Outlook, 2015-2025F
7.6. France Battery Management System Market Outlook, 2015-2025F
7.7. Italy Battery Management System Market Outlook, 2015-2025F
7.8. The Spain Battery Management System Market Outlook, 2015-2025F
7.9. Russia Battery Management System Market Outlook, 2015-2025F
8. Middle East & Africa Battery Management System Market Outlook, 2015-2025F
8.1. Market Potential & Outlook
8.1.1. By Revenues
8.2. Market Segmentation & Outlook
8.2.1. By Battery Type
8.2.2. By Topology
8.2.3. By Components
8.2.4. By Application
8.2.5. By Country
8.2.5.1. Saudi Arabia
8.2.5.2. UAE
8.2.5.3. South Africa
8.3. Saudi Arabia Battery Management System Market Outlook, 2015-2025F
8.4. UAE Battery Management System Market Outlook, 2015-2025F
8.5. South Africa Battery Management System Market Outlook, 2015-2025F
9. Asia-Pacific Battery Management System Market Outlook, 2015-2025F
9.1. Market Potential & Outlook
9.1.1. By Revenues
9.2. Market Segmentation & Outlook
9.2.1. By Battery Type
9.2.2. By Topology
9.2.3. By Components
9.2.4. By Application
9.2.5. By Country
9.2.5.1. China
9.2.5.2. India
9.2.5.3. Australia
9.2.5.4. Japan
9.3. China Battery Management System Market Outlook, 2015-2025F
9.4. Japan Battery Management System Market Outlook, 2015-2025F
9.5. India Battery Management System Market Outlook, 2015-2025F
9.6. South Korea Battery Management System Market Outlook, 2015-2025F
9.6.1. Market Potential & Outlook
9.7. Malaysia Battery Management System Market Outlook, 2015-2025F
9.8. Australia Battery Management System Market Outlook, 2015-2025F
10. Global Battery Management System Market Policies, Regulations, Product Standards
11. Global Battery Management System Market Trends & Insights
12. Global Battery Management System Market Dynamics
12.1.Growth Drivers
12.2.Challenges
12.3.Impact Analysis
13. Global Battery Management System Market Hotspot and Opportunities
14. Global Battery Management System Market Key Strategic Imperatives for Success and Growth
15. Competitive Outlook
Related Report:
Lead Acid Battery Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026
The lead acid battery market is estimated to record momentous gains over the forthcoming timeframe owing to the increasing vehicle sales, and growing product demand in high storage devices, and automotive industry among others. This battery technology utilizes lead peroxide and sponge lead for the transformation of the chemical energy into electrical power, and is one of the most commonly used batteries in the world. The battery is mostly used in the power stations and substations owing to its high cell voltage as well as relatively low cost. These types of batteries are generally cheap, and convenient to use, working for various battery power applications. Lead acid batteries are recognized for their usage in vehicles supplying power for everything from the vehicle ignition to the electronics and other electricity-centric tasks.
The different types of lead acid batteries are flooded, sealed batteries, AGM batteries, VRLA batteries, and GEL batteries. Flooded batteries are conventional engine start, tractor as well as deep cycle-style battery. The user can have access to the individual cells and can also add in distilled water as and when the battery tends to dry.
VRLA batteries stands for valve regulated lead acid battery which is considered a sealed battery. VRLA batteries are found in numerous applications, like toy & alarm batteries, and medical mobility scooters batteries.
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