The global battery management unit market is expected to grow at a CAGR of 5.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for electric vehicles and the need for energy storage systems in various industries. The automotive industry is one of the major end-users of battery management units, which are used in electric vehicles and hybrid cars. In addition, these devices are also used in military applications such as unmanned aerial vehicles (UAVs) and ground robots. Moreover, they are also used in medical applications such as pacemakers and implantable defibrillators (ICDs). The advanced lead acid batteries segment accounted for a significant share of the global battery management unit market during 2017-2021 due to their high efficiency levels when compared with other types of batteries. However, nicke-based batteries are expected to witness significant growth during 2022-2030 due to their low cost per kilowatt hour (kWh) when compared with other types of batteries.
Some Of The Growth Factors Of This Market:
- The increasing demand for electric vehicles is expected to drive the growth of the battery management unit market.
- The increasing need for energy storage systems is also expected to drive the growth of the battery management unit market.
- The growing need for power backup systems in industries such as oil and gas, mining, and utilities is also expected to fuel the growth of this market.
- Increasing investments in renewable energy sources such as solar and wind are also driving this market's growth due to their high dependence on batteries for storing electricity generated during peak hours when demand is low or non-existent, which can be used during peak hours when demand peaks or there are no other sources of power available (e.g., during a blackout).
- Increasing awareness about environmental issues such as climate change and air pollution has led to increased investments in renewable energy sources that use batteries for storing electricity generated from these sources, which will further fuel this market's growth over the forecast period.
Industry Growth Insights published a new data on “Battery Management Unit Market”. The research report is titled “Battery Management Unit Market research by Types (Advanced Lead-Acid Batteries, Nickel-Based Batteries, Flow Batteries), By Applications (Automotive, Military, Medical, Others), By Players/Companies Johnson Matthey, Lithium Balance, Nuvation Engineering, Valence Technology, Intersil, Linear, NXP Semiconductors, Texas Instruments, Elithion, Vecture”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Battery Management Unit Market Research Report
By Type
Advanced Lead-Acid Batteries, Nickel-Based Batteries, Flow Batteries
By Application
Automotive, Military, Medical, Others
By Companies
Johnson Matthey, Lithium Balance, Nuvation Engineering, Valence Technology, Intersil, Linear, NXP Semiconductors, Texas Instruments, Elithion, Vecture
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Battery Management Unit Market Report Segments:
The global Battery Management Unit market is segmented on the basis of:
Types
Advanced Lead-Acid Batteries, Nickel-Based Batteries, Flow Batteries
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Military, Medical, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Johnson Matthey
- Lithium Balance
- Nuvation Engineering
- Valence Technology
- Intersil
- Linear
- NXP Semiconductors
- Texas Instruments
- Elithion
- Vecture
Highlights of The Battery Management Unit Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Advanced Lead-Acid Batteries
- Nickel-Based Batteries
- Flow Batteries
- By Application:
- Automotive
- Military
- Medical
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Battery Management Unit Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A battery management unit (BMU) is a computer system that manages the charging, discharging, and cycling of batteries in electric vehicles.
Some of the key players operating in the battery management unit market are Johnson Matthey, Lithium Balance, Nuvation Engineering, Valence Technology, Intersil, Linear, NXP Semiconductors, Texas Instruments, Elithion, Vecture.
The battery management unit market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Battery Management Unit Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Battery Management Unit Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Battery Management Unit Market - Supply Chain
4.5. Global Battery Management Unit Market Forecast
4.5.1. Battery Management Unit Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Battery Management Unit Market Size (000 Units) and Y-o-Y Growth
4.5.3. Battery Management Unit Market Absolute $ Opportunity
5. Global Battery Management Unit Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Battery Management Unit Market Size and Volume Forecast by Type
5.3.1. Advanced Lead-Acid Batteries
5.3.2. Nickel-Based Batteries
5.3.3. Flow Batteries
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Battery Management Unit Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Battery Management Unit Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Military
6.3.3. Medical
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Battery Management Unit Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Battery Management Unit Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Battery Management Unit Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Battery Management Unit Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Battery Management Unit Demand Share Forecast, 2019-2026
9. North America Battery Management Unit Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Battery Management Unit Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Battery Management Unit Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Military
9.4.3. Medical
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Battery Management Unit Market Size and Volume Forecast by Type
9.7.1. Advanced Lead-Acid Batteries
9.7.2. Nickel-Based Batteries
9.7.3. Flow Batteries
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Battery Management Unit Demand Share Forecast, 2019-2026
10. Latin America Battery Management Unit Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Battery Management Unit Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Battery Management Unit Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Military
10.4.3. Medical
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Battery Management Unit Market Size and Volume Forecast by Type
10.7.1. Advanced Lead-Acid Batteries
10.7.2. Nickel-Based Batteries
10.7.3. Flow Batteries
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Battery Management Unit Demand Share Forecast, 2019-2026
11. Europe Battery Management Unit Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Battery Management Unit Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Battery Management Unit Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Military
11.4.3. Medical
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Battery Management Unit Market Size and Volume Forecast by Type
11.7.1. Advanced Lead-Acid Batteries
11.7.2. Nickel-Based Batteries
11.7.3. Flow Batteries
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Battery Management Unit Demand Share, 2019-2026
12. Asia Pacific Battery Management Unit Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Battery Management Unit Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Battery Management Unit Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Military
12.4.3. Medical
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Battery Management Unit Market Size and Volume Forecast by Type
12.7.1. Advanced Lead-Acid Batteries
12.7.2. Nickel-Based Batteries
12.7.3. Flow Batteries
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Battery Management Unit Demand Share, 2019-2026
13. Middle East & Africa Battery Management Unit Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Battery Management Unit Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Battery Management Unit Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Military
13.4.3. Medical
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Battery Management Unit Market Size and Volume Forecast by Type
13.7.1. Advanced Lead-Acid Batteries
13.7.2. Nickel-Based Batteries
13.7.3. Flow Batteries
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Battery Management Unit Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Battery Management Unit Market: Market Share Analysis
14.2. Battery Management Unit Distributors and Customers
14.3. Battery Management Unit Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Johnson Matthey
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Lithium Balance
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Nuvation Engineering
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Valence Technology
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Intersil
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Linear
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. NXP Semiconductors
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Texas Instruments
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Elithion
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Vecture
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook