Disruptive Innovations and Technology Update Boost Battery Management Systems Market

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.

The battery management system market is expected to reach USD 7.25 billion by 2022, at a CAGR of 20.5% between 2016 and 2022.

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This research report categorizes the global battery management system market on the basis of battery types, components, topologies, applications, and geography. This report describes the drivers, restraints, opportunities, and challenges for the growth of the battery management system market. The Porter’s five forces analysis has also been included in the report with a description of each of its forces and its respective impact on the position sensor market.

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).

Target Audience:

• Battery manufacturers
• Battery management system manufacturers
• Battery management system traders/suppliers
• End-user industries
• Government bodies such as regulating authorities and policy makers
• Market research and consulting firms
• Raw chemical suppliers and distributors
• Research institutes and organizations

The study answers several questions for the target audiences, primarily, which market segments to focus on in the next two to five years for prioritizing efforts and investments.

Report Scope:

In this report, the battery management system market has been segmented on the basis of the following categories, along with the industry trends:

By Battery Type:

• Lithium-Ion Based-Batteries
• Advanced Lead-Acid Batteries
• Nickel-Based Batteries
• Flow Batteries
• Others

By Component:

• Hardware
  • Battery Control Unit
  • Power Management IC
  • Communication Channel
  • CAN Bus
• Software

By Topology

• Centralized
• Modular
• Distributed

By Application:

• Introduction
• Automotive
  • Electric Vehicles
  • E-Bikes
  • Automated Guided Vehicles
• Military
• Medical
• Portable Device
  • Consumer Electronics (Smartphones/Laptops)
  • Power Tools
  • Portable Battery Pack
• Telecommunication
• Renewable Energy Systems
• UPS (Uninterrupted Power Supply)
• Others
  • Marine
  • Home Appliances

By Region:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • U.K.
  • Germany
  • France
  • Rest of  Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Rest of APAC
• Rest of the World
  • South America
  • Middle East
  • Africa

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