Global Energy storage (ES) battery management system (BMS) Market by Type (Distributed, Centralized, Modular), By Application (Electric Vehicle, Touring Car, Special Vehicles, Industrial, Municipal Administration, Maritime Affairs) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global energy storage battery management system (BMS) 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 and rising concerns about climate change. The global energy storage battery management system (BMS) market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into distributed, centralized, and modular systems. The distributed systems segment is expected to account for a major share of the global energy storage battery management system (BMS) market in 2018 owing to its growing popularity among consumers due to its advantages such as low installation cost and easy scalability. On the basis of application, electric vehicles are expected to account for a major share of the global energy storage battery management system (BMS) market in 2018 owing to their high potential for adoption across all regions worldwide. Other applications include touring cars, special vehicles, industrial applications such as backup power supply or peak shaving solutions), municipal administration applications such as smart grid infrastructure development or traffic control systems), and maritime affairs applications such as vessel propulsion or port operations).



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Product Definition:

BMS is a system that monitors and controls the state of charge (SoC), voltage, and temperature of energy storage batteries in order to optimize their performance and extend their life. BMS is important for two reasons. First, it helps ensure that the batteries are being used efficiently and are not over- or under-charged. Second, it protects the batteries from damage due to excessive heat or over-discharge.

Distributed:

Distributed energy is the collection of renewable energy produced by solar, wind, hydro and other sources from a distributed network that is further transmitted to an electricity grid for consumption. The global distributed energy market size was valued at USD 66.0 billion in 2016 and it's expected to grow at a CAGR of XX% over the forecast period (2017-2027).

Centralized:

Centralized battery management system (BMS) is a type of BMS that includes all the functions required to monitor, maintain and control the ES batteries in a multi-phase AC distribution system. It has significant benefits over conventional systems such as easy maintenance & installation, low cost of ownership and high reliability.

The centralized BMS offers various advantages including reduced complexity & weight, improved efficiency & safety for large scale installations and increased flexibility for small scale installations.

Application Insights:

The electric vehicle segment dominated the global energy storage (ES) battery management system (BMS) market in 2017 and is expected to continue its dominance over the forecast period. The growing number of electric vehicles across the globe is anticipated to drive demand for ES BMSs. Furthermore, increasing government initiatives towards promoting Electric Vehicles are expected to further fuel growth over the forecast period.

Specialized in-vehicle energy storage systems have been gaining traction among various automotive manufacturers owing to their ability provide extended range on a single charge, enhance driving safety by reducing range anxiety and providing an opportunity for recharging at any time even when there is no electricity supply available at home or work place. This has led major players such as Tesla Motors Inc.

Regional Analysis:

Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid urbanization, which has resulted in increased power demand. Power demand is anticipated to increase significantly due to growing industrialization and population, thereby driving the regional market growth.

The European regional energy storage (ES) battery management system (BMS) market accounted for a significant share owing to increasing investments by governments in renewable energy infrastructure development coupled with stringent government regulations regarding carbon emissions from conventional power generation sources. Europe also happens to be one of the major automobile manufacturing hubs, thus contributing significantly towards industry growth across this region.

North America held a considerable share of revenue as well as volume within this space owing both volumes being generated through electric vehicles along with plug-in hybrid electric vehicles along with their respective components such as batteries and drive units that are installed on board during vehicle manufacturing processes at each stage of vehicle life cycle i.e.

Growth Factors:

Increasing demand for electric vehicles (EVs) is expected to drive the growth of energy storage battery management system market.
Stringent government regulations for emissions and fuel economy are also anticipated to propel the growth of ES battery management system market over the forecast period.
Growing demand for renewable energy sources such as solar and wind is another key factor that would boost the adoption of ES battery management systems across various applications.
Rapid technological advancements in ES batteries and growing investments in R&D are likely to create new opportunities for players operating in this market during the forecast period.


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Scope Of The Report
Report Attributes
Report Details
Report Title
Energy storage (ES) battery management system (BMS) Market Research Report
By Type
Distributed, Centralized, Modular
By Application
Electric Vehicle, Touring Car, Special Vehicles, Industrial, Municipal Administration, Maritime Affairs
By Companies
Nuvation Energy, Leclanché, Ion Energy Inc, Sunceco, LG Chem, WEG AUTRIAL, Samsung SDI, Hitachi, Kokam, SMA Solar Technology, NGK, General Electric, Primus Power, Panasonic, BYD, Younicos, ABB, Saft
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
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.

Global Energy storage (ES) battery management system (BMS) Market Report Segments:
The global Energy storage (ES) battery management system (BMS) market is segmented on the basis of:
Types
Distributed, Centralized, Modular
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
Electric Vehicle, Touring Car, Special Vehicles, Industrial, Municipal Administration, Maritime Affairs
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:
Nuvation Energy
Leclanché
Ion Energy Inc
Sunceco
LG Chem
WEG AUTRIAL
Samsung SDI
Hitachi
Kokam
SMA Solar Technology
NGK
General Electric
Primus Power
Panasonic
BYD
Younicos
ABB
Saft



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Highlights of The Energy storage (ES) battery management system (BMS) 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:
Distributed
Centralized
Modular
By Application:
Electric Vehicle
Touring Car
Special Vehicles
Industrial
Municipal Administration
Maritime Affairs
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 Energy storage (ES) battery management system (BMS) 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

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