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battery management system market

Battery Management System Market [By Battery Type (Lead-acid, Nickel-based, Lithium-ion, Flow Batteries, Others); By Component (Hardware, Software); By Charging Source (Conventional, Non-Conventional, Hybrid); By Topology (Distributed, Centralized, Modular); By End-User (Medical, Automotive, Telecommunication, Consumer Electronics, Military, Others); By Region (North America - U.S., Canada, Mexico; Europe - Germany, UK, France, Italy, Rest of Europe; Asia-Pacific - China, India, Japan, Rest of Asia-pacific; Latin America - Brazil; Middle East & Africa)]: Market size & Forecast, 2017 – 2026

Published: Dec 2017
Pages: 100
Format: PDF
Report ID: PM1031
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Report Summary

The global battery management system market was valued at USD 3,072 million in 2017 and is anticipated to grow at a CAGR of more than 18.3% during the forecast period. Battery Management Systems (BMS) are electronic regulators, which primarily offer functionalities such as cell protection, charge control, demand management, cell balancing, and monitoring & reporting data regarding battery operation for rechargeable batteries. BMS are also responsible for charging and discharging, managing output, protecting the batteries from damage, and providing notifications regarding the status of battery packs. The basic functional blocks of these systems include cell-voltage monitor, real-time clock, temperature monitors, cutoff field-effect transmitters (FETs), fuel-gauge monitor, cell-voltage balance, and a state machine among others. These systems are used across various applications such as consumer goods, medical devices, automotive, and industrial, and computing devices among others. In the medical sector, the BMS are used in digital blood pressure meters, digital thermometers, blood cholesterol meters, blood glucose meters, digital heart rate monitors, and portable health and fitness equipment, whereas in the wireless computing devices, they are used in smartphones, accessory chargers, tablets, digital cameras, Bluetooth headsets, in-car charging systems, and speakers among others.

The increasing application of battery management systems in electric vehicles primarily drives the growth of this market. The rising need of the management systems for batteries in the renewable energy systems coupled with high demand of BMS from data centers also supports market growth. The increasing need to use renewable and green energy further increases the adoption of the BMS. The growing demand for consumer electronics such as smartphones and laptops to offer longer lasting batteries along with high efficiency is pushing this market. Other factors driving the growth of this market include technological advancement, and application in varied industries such as aerospace and defense, healthcare, and electronics among others. However, increased prices, and compatibility issues restrict the market growth. Additionally, proper standards for the development of battery management systems are yet to be developed, which further limits the growth of the market.

Global Battery Management System Market Share By Topology, 2017 - 2026

Global Battery Management System Market Share By Topology, 2017 - 2026Note: Inside circle depicts data for 2017 & outside circle depicts data for 2026

Segment Analysis

The global battery management system market is segmented on the basis of battery type, component, charging source, topology, end-use, and region. Based on battery type, the market is segmented into lead-acid, nickel-based, lithium-ion, flow batteries, and others. The component segment is categorized into hardware, and software. The charging source segment is divided into conventional, non-conventional, and hybrid. The topology is segmented into distributed, centralized, and modular. On the basis of end-users, the market is segmented into medical, automotive, telecommunication, consumer electronics, military, and others. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific. North America accounted for the largest share in the global battery management system market in 2017.

SAMPLE TABLE
Global Battery Management System Market, By Topology, 2017 - 2026 
(USD Million)

Global Battery Management System Market, By Topology, 2017 - 2026 (USD Million)

Competitive Landscape

The leading companies in the market are introducing new products in the market to cater to the growing consumer demands while strengthening their market presence. They are also collaborating and partnering with other companies for geographic as well as customer base expansion. In Feb 2016, SBS Testing and Monitoring, which is a division of Storage Battery Systems, LLC, introduced its new EquaLink Battery Management and Monitoring System. This system is developed for Li-ion, Ni-Cad, NiMH, and lead-acid batteries. These systems provides diagnostic and monitoring services required for the maintenance of critical operating parameters. This new product launch enabled the company to expand its offering in the market and expand its customer base. In October 2017, Servato Corp., introduced its remote battery management system, the Smart Power System-248 (SPS-248). This system is equipped with design updates to manage network sites, decrease costs for carriers in backup power management. Other leading players in the market include Texas Instruments Inc., Johnson Matthey PLC., Linear Technology Corporation, Vecture Inc., Elithion Inc., NXP Semiconductors, Intersil Corporation, Nuvation Engineering, Ventec SAS, Generex Systems, and Lithium Balance A/S among others.

Key questions answered by the report

  • What is the current Market Size and Forecasts of Global Battery Management System Market
  • What is the market opportunity for Battery Management System End-use
  • How big is the market size for components in the Global Battery Management System Market
  • How much is the estimated market for Battery Management System in North America during the forecast period
  • What are the companies in this market and how are they classified
  • What are the available opportunities and who are the top market players in this space
  • Which are the major application segments and what traction are they gaining in the market

Table of Contents

  1. Overview and Scope
    1. Research goal & scope
    2. Research assumptions
    3. Research Methodology
      1. Primary data sources
      2. Secondary data sources
    4. Key take-away
    5. Stakeholders
  2. Executive Summary
    1. Market Definition
    2. Market Segmentation
  3. Battery Management System Market Insights
    1. Battery Management System – Industry snapshot
    2. Battery Management System - Ecosystem analysis
    3. Battery Management System Market Dynamics
      1. Battery Management System – Market Forces
        1. Battery Management System Market Driver Analysis
        2. Battery Management System Market Restraint/Challenges analysis
        3. Battery Management System Market Opportunity Analysis
      2. Industry analysis - Porter's five force
        1. Bargaining power of supplier
        2. Bargaining power of buyer
        3. Threat of substitute
        4. Threat of new entrant
        5. Degree of competition
      3. Battery Management System Market PEST Analysis, 2017
      4. Battery Management System Market Value Chain Analysis
      5. Battery Management System Industry Trends
      6. Competitive Ranking Analysis
  4. Battery Management System Market Size and Forecast, 2017-2026 by Battery Type
    1. Key Findings
    2. Lead-acid Batteries
    3. Nickel-based Batteries
    4. Li-ion Batteries
    5. Flow Batteries
    6. Others
  5. Battery Management System Market Size and Forecast, 2017-2026 by Component
    1. Key Findings
    2. Hardware Components
    3. Software Components
  6. Battery Management System Market Size and Forecast, 2017-2026 by Charging Source
    1. Key Findings
    2. Conventional
    3. Non-conventional
    4. Hybrid
  7. Battery Management System Market Size and Forecast, 2017-2026 by Topology
    1. Key Findings
    2. Distributed
    3. Centralized
    4. Modular
  8. Battery Management System Market Size and Forecast, 2017-2026 by End-user
    1. Key Findings
    2. Medical
    3. Automotive
    4. Telecommunication
    5. Consumer Electronics
    6. Military
    7. Others
  9. Battery Management System Market Size and Forecast, 2017-2026 by Region
    1. Key Findings
    2. North America
      1. U.S.
      2. Canada
      3. Mexico
    3. Europe
      1. Germany
      2. UK
      3. France
      4. Italy
      5. Rest of Europe
    4. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. Rest of Asia-Pacific
    5. Latin America
      1. Brazil
    6. Middle East & Africa
  10. Company Profiles
    1. Texas Instruments Inc. 
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    2. Johnson Matthey PLC.
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    3. Linear Technology Corporation
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    4. Vecture Inc.
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    5. Elithion, Inc.
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    6. NXP Semiconductors N.V.
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    7. Intersil Corporation
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    8. Nuvation Engineering
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    9. Ventec SAS
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    10. Lithium Balance A/S
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    11. Generex Systems
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments

Report Content

Qualitative Analysis

  • Industry overview
  • Industry trends
  • Market drivers and restraints
  • Market size
  • Growth prospects
  • Porter’s analysis
  • PESTEL Analysis
  • Value Chain Analysis
  • Key market opportunities prioritized
  • Competitive landscape
    • Overview
    • Financials
    • Product benchmarking
    • Latest strategic developments

Quantitative Analysis

  • Market size, estimates, and forecasts from 2017 - 2026
  • Market revenue estimates for battery type up to 2026
  • Market revenue estimates for components up to 2026
  • Market revenue estimates for end-users up to 2026
  • Regional market size and forecast up to 2026
  • Company financials

 

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