Market Overview:
The global battery management system for electric vehicles market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric vehicles across the globe. In addition, the rising concerns over environmental pollution and climate change are also fueling the demand for electric vehicles, which in turn is propelling the growth of the battery management system for electric vehicles market. The global battery management system for electric vehicles market can be segmented on the basis of type into centralized BMS, distributed BMS and modular BMS. Centralized BMS is expected to hold a major share of this market during the forecast period owing to its advantages such as improved safety and reliability. On account of these benefits, centralized BMS are being increasingly adopted by OEMs worldwide. However, with advancements in technology, distributed BMS is gaining traction due its ability to provide real-time data collection and analysis at various points along a vehicle’s powertrain network. This helps improve performance while reducing costs associated with traditional centralized systems. Modular systems are also gaining popularity as they offer flexibility by allowing different components within a system such as cells or packs to be swapped out easily depending on requirements or faults detected thereby reducing down time. On basis application, passenger cars held majority share of global battery management system for electric vehicle Market in 2017 followed by commercial Vehicles .
Product Definition:
A Battery Management System (BMS) is a computerized system that manages the charging and discharging of batteries in electric vehicles. The BMS monitors the state of charge (SOC) of each battery, ensuring that each battery is always kept within its safe operating range. In addition, the BMS also protects against over- and under-charging, thermal runaway, short circuits, and other malfunctions. By properly managing the battery pack as a whole, the BMS helps to ensure long life and reliable performance from the electric vehicle's batteries.
Centralized BMS:
Centralized BMS is a system that integrates the functions of both battery management systems (BMS) and central power monitors (CPM) into a single unit. It provides features such as real-time monitoring, remote diagnostics, and high efficiency in energy usage. The global market for centralized BMS for electric vehicles is expected to grow at a CAGR of XX% from 2018 to 2025 owing to its increasing demand across the automotive sector worldwide.
Distributed BMS:
Distributed BMS (DBS) is a type of battery management system that monitors the health and status of individual cells in a battery pack. DBS also provides information on each cell’s state-of-health, capacity, voltage, temperature etc. This data is used by the EV driver to manage the charge cycle of each cell in order to prolong its life and improve overall vehicle performance.
Application Insights:
Passenger car segment dominated the global market in 2017. The segment is expected to witness significant growth over the forecast period owing to increasing demand for passenger cars from developing countries such as China, India and Brazil. Furthermore, stringent government regulations regarding reduction of vehicular emissions are anticipated to drive the demand for electric vehicle with a battery management system over the forecast period.
Commercial vehicles include trucks, buses and coaches among others such as mini-buses or midi-vans which serve multiple passengers in a single journey or individual trips respectively. These commercial vehicles have higher average speeds than personal cars resulting in increased range of operations before requiring a recharge leading to increased adoption of electric vehicle with a BMS across these commercial vehicles types especially across developed regions like North America and Europe where there is an existing infrastructure supporting recharging stations for electric buses and other heavy-duty transport systems at convenient locations near major public places like shopping malls, bus stands etcetera.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing government initiatives and investments in developing countries such as China, India, and Japan. For instance, in September 2017, China Energy Group announced a USD X billion investment plan for renewable energy projects including solar photovoltaic systems and wind power plants across nine different provinces. The company plans to invest another USD X billion by 2020 for clean energy projects which include nuclear power plants and other renewable sources of electricity generation.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 14% during the forecast period. This will create a high demand for battery management systems, which will in turn drive the growth of the market.
- Technological advancements: The development of new and innovative technologies is propelling the growth of the battery management system market. For instance, automakers are increasingly adopting lithium-ion batteries due to their high energy density and longer life cycle as compared to other types of batteries available in the market. This is resulting in an increase in R&D investments by players operating in this space, thereby driving innovation and technological advancements within this domain.
- Stringent government regulations: Governments across various countries are implementing stringent regulations related to emissions from vehicles powered by internal combustion engines (ICEs). This is encouraging OEMs to shift towards electric propulsion systems, thereby creating a positive impact on the overall battery management system market growth rate over time horizon 2019-2025F .
Scope Of The Report
Report Attributes
Report Details
Report Title
Battery Management System for Electric Vehicles Market Research Report
By Type
Centralized BMS, Distributed BMS, Modular BMS
By Application
Passenger Car, Commercial Vehicle
By Companies
Robert Bosch, Denso Corporation, Continental, LG Innotek, HELLA, BYD Company, NXP Semiconductors, Texas Instruments Incorporated, Desay Corporation, Sunwoda Electronic, Infineon Technologies, Analog Devices, LIGOO Reserved ICP, Panasonic Corporation, Amperex Technology, Eberspächer, Renesas Electronics Corporation
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
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Battery Management System for Electric Vehicles Market Report Segments:
The global Battery Management System for Electric Vehicles market is segmented on the basis of:
Types
Centralized BMS, Distributed BMS, Modular BMS
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
Passenger Car, Commercial Vehicle
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:
- Robert Bosch
- Denso Corporation
- Continental
- LG Innotek
- HELLA
- BYD Company
- NXP Semiconductors
- Texas Instruments Incorporated
- Desay Corporation
- Sunwoda Electronic
- Infineon Technologies
- Analog Devices
- LIGOO Reserved ICP
- Panasonic Corporation
- Amperex Technology
- Eberspächer
- Renesas Electronics Corporation
Highlights of The Battery Management System for Electric Vehicles 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:
- Centralized BMS
- Distributed BMS
- Modular BMS
- By Application:
- Passenger Car
- Commercial Vehicle
- 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 System for Electric Vehicles 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 system (BMS) is a computerized system that manages the charging, discharging, and overall health of an electric vehicle's batteries.
Some of the major companies in the battery management system for electric vehicles market are Robert Bosch, Denso Corporation, Continental, LG Innotek, HELLA, BYD Company, NXP Semiconductors, Texas Instruments Incorporated, Desay Corporation, Sunwoda Electronic, Infineon Technologies, Analog Devices, LIGOO Reserved ICP, Panasonic Corporation, Amperex Technology, Ebersp¤cher, Renesas Electronics Corporation.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Battery Management System for Electric Vehicles Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Battery Management System for Electric Vehicles Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Battery Management System for Electric Vehicles Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Battery Management System for Electric Vehicles Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Battery Management System for Electric Vehicles Market Size & Forecast, 2018-2028
4.5.1 Battery Management System for Electric Vehicles Market Size and Y-o-Y Growth
4.5.2 Battery Management System for Electric Vehicles Market Absolute $ Opportunity
Chapter 5 Global Battery Management System for Electric Vehicles Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Battery Management System for Electric Vehicles Market Size Forecast by Type
5.2.1 Centralized BMS
5.2.2 Distributed BMS
5.2.3 Modular BMS
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Battery Management System for Electric Vehicles Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Battery Management System for Electric Vehicles Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Battery Management System for Electric Vehicles Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Battery Management System for Electric Vehicles Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Battery Management System for Electric Vehicles Analysis and Forecast
9.1 Introduction
9.2 North America Battery Management System for Electric Vehicles Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Battery Management System for Electric Vehicles Market Size Forecast by Type
9.6.1 Centralized BMS
9.6.2 Distributed BMS
9.6.3 Modular BMS
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Battery Management System for Electric Vehicles Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Battery Management System for Electric Vehicles Analysis and Forecast
10.1 Introduction
10.2 Europe Battery Management System for Electric Vehicles Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Battery Management System for Electric Vehicles Market Size Forecast by Type
10.6.1 Centralized BMS
10.6.2 Distributed BMS
10.6.3 Modular BMS
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Battery Management System for Electric Vehicles Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Battery Management System for Electric Vehicles Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Battery Management System for Electric Vehicles Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Battery Management System for Electric Vehicles Market Size Forecast by Type
11.6.1 Centralized BMS
11.6.2 Distributed BMS
11.6.3 Modular BMS
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Battery Management System for Electric Vehicles Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Battery Management System for Electric Vehicles Analysis and Forecast
12.1 Introduction
12.2 Latin America Battery Management System for Electric Vehicles Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Battery Management System for Electric Vehicles Market Size Forecast by Type
12.6.1 Centralized BMS
12.6.2 Distributed BMS
12.6.3 Modular BMS
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Battery Management System for Electric Vehicles Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Battery Management System for Electric Vehicles Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Battery Management System for Electric Vehicles Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Battery Management System for Electric Vehicles Market Size Forecast by Type
13.6.1 Centralized BMS
13.6.2 Distributed BMS
13.6.3 Modular BMS
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Battery Management System for Electric Vehicles Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Battery Management System for Electric Vehicles Market: Competitive Dashboard
14.2 Global Battery Management System for Electric Vehicles Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Robert Bosch
14.3.2 Denso Corporation
14.3.3 Continental
14.3.4 LG Innotek
14.3.5 HELLA
14.3.6 BYD Company
14.3.7 NXP Semiconductors
14.3.8 Texas Instruments Incorporated
14.3.9 Desay Corporation
14.3.10 Sunwoda Electronic
14.3.11 Infineon Technologies
14.3.12 Analog Devices
14.3.13 LIGOO Reserved ICP
14.3.14 Panasonic Corporation
14.3.15 Amperex Technology
14.3.16 Eberspächer
14.3.17 Renesas Electronics Corporation
