The battery management system market was valued at USD 1.98 Billion
in 2015 and is expected to reach USD 7.25 Billion by 2022, at a CAGR of
20.5% between 2016 and 2022.
The growth of this market is propelled by the rapidly growing need for battery management system given the increasing number of vehicles that require charging such as electric vehicles (EVs), hybrid electric vehicles (HEVs), and plug-in hybrid vehicles (PHV).
These vehicles consist of series-connected battery packs which require extensive monitoring. Hence, battery management systems act as a crucial component in these vehicles for supervising and guaranteeing reliable and safe battery operations.
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Browse 44 market data tables with 67 figures spread through 149 pages and in-depth TOC on "Battery Management System Market - Global Trend and Forecast to 2022"
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Portable devices such as consumer electronics, power tools, and portable power banks use battery as the sole power source. For the smooth working of these devices, the battery’s management, control, and maintenance are essential. Hence, these applications widely employ battery management systems for the same. The growing demand for these devices globally is expected to drive the battery management system market.
Battery management systems are used in lithium-ion batteries as they are high-power and high-capacity batteries. BMS is used to protect and manage the lithium-ion battery pack and is also integrated with lithium-ion–based batteries such as lithium polymer and lithium iron-phosphate. These lithium-ion batteries are widely used in applications in portable devices, electric vehicles, and renewable energy systems among others. Moreover, the current price reduction of the li-ion battery and the growing adoption of lithium-ion batteries in various applications are expected to drive this market significantly.
Major players in this market include Johnson Matthey Plc. (U.K.), Lithium Balance A/S (Denmark), Nuvation Engineering (U.S.), Valence Technology, Inc. (U.S.), Intersil Corporation (U.S.), Linear Technology Corp (U.S.), NXP Semiconductors N.V. (Netherlands), Texas Instruments Inc. (U.S.), Elithion, Inc. (U.S.), Vecture Inc. (Canada), and Ventec SAS (France).
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MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
The growth of this market is propelled by the rapidly growing need for battery management system given the increasing number of vehicles that require charging such as electric vehicles (EVs), hybrid electric vehicles (HEVs), and plug-in hybrid vehicles (PHV).
These vehicles consist of series-connected battery packs which require extensive monitoring. Hence, battery management systems act as a crucial component in these vehicles for supervising and guaranteeing reliable and safe battery operations.
Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=234498189
Browse 44 market data tables with 67 figures spread through 149 pages and in-depth TOC on "Battery Management System Market - Global Trend and Forecast to 2022"
http://www.marketsandmarkets.com/Market-Reports/battery-management-bms-market-234498189.html
Portable devices such as consumer electronics, power tools, and portable power banks use battery as the sole power source. For the smooth working of these devices, the battery’s management, control, and maintenance are essential. Hence, these applications widely employ battery management systems for the same. The growing demand for these devices globally is expected to drive the battery management system market.
Battery management systems are used in lithium-ion batteries as they are high-power and high-capacity batteries. BMS is used to protect and manage the lithium-ion battery pack and is also integrated with lithium-ion–based batteries such as lithium polymer and lithium iron-phosphate. These lithium-ion batteries are widely used in applications in portable devices, electric vehicles, and renewable energy systems among others. Moreover, the current price reduction of the li-ion battery and the growing adoption of lithium-ion batteries in various applications are expected to drive this market significantly.
Major players in this market include Johnson Matthey Plc. (U.K.), Lithium Balance A/S (Denmark), Nuvation Engineering (U.S.), Valence Technology, Inc. (U.S.), Intersil Corporation (U.S.), Linear Technology Corp (U.S.), NXP Semiconductors N.V. (Netherlands), Texas Instruments Inc. (U.S.), Elithion, Inc. (U.S.), Vecture Inc. (Canada), and Ventec SAS (France).
About MarketsandMarkets
MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
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