Market Overview:
The global new energy vehicle battery management system market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles (BEVs and PHEVs) across the globe. In addition, government initiatives and regulations supporting the adoption of new energy vehicles are also contributing to the growth of this market. The global new energy vehicle battery management system market is segmented on the basis of type, application, and region. On the basis of type, it is divided into distributed, centralized, and modular systems. The distributed system segment is expected to hold a major share in terms of revenue in 2018 owing to its advantages such as improved safety & reliability and reduced installation & maintenance costs over other types of systems. However, with increasing demand for advanced features such as real-time monitoring & control capabilities and fast charging abilities, centralized systems are projected to witness higher growth rates during the forecast period. On the basis of application, it is classified into BEVs (battery electric vehicles) and PHEVs (plug-in hybrid electric vehicles).
Product Definition:
A New Energy Vehicle Battery Management System is a device or software used to manage the power and health of a battery in a new energy vehicle. It monitors the state of charge, temperature, and voltage of each battery cell and adjusts power output accordingly. This allows for more accurate control over charging and discharging, which helps prolong the life of the battery cells. The system is also able to optimize performance depending on driving conditions and requirements.
Distributed:
The Distributed Energy Resources (DER) market is expected to witness significant growth over the forecast period owing to growing emphasis on reducing carbon emissions and increasing energy security. The conventional energy sources are facing a crunch as they are unable to meet the current global demand due to depletion of fossil fuels. This has led various governments around the world, including U.S.
Centralized:
Centralized battery management system (BBMS) is a new term in the energy storage industry. It is used to collectively refer to several smart and integrated powertrain systems that are being developed for electric vehicles. A centralized system would manage all the batteries in an electric vehicle from a single location, instead of managing each battery pack as individual units which are done at present.
Application Insights:
The battery electric vehicles (BEV) segment dominated the global new energy vehicle battery management system market in 2017 and is expected to maintain its dominance over the forecast period. The growing demand for electric passenger cars across major economies of the world, such as U.S., China, Germany, and Japan on account of government initiatives to promote usage of eco-friendly vehicles is expected to drive growth over the forecast period.
The plug-in hybrid vehicle (PHEV) segment accounted for a significant share in 2017 owing to increasing investments by major automotive manufacturers including Ford Motor Company, General Motors Company/Chevrolet Volts Programmers Association ( Volt PA ), Toyota Motor Corporation, Honda Motor Co., Ltd., Mercedes Benz USA LLC d/b/a Mercedes-Benz USA and Tesla Inc.
Regional Analysis:
Asia Pacific regional market accounted for the largest share in 2017 and is anticipated to witness significant growth over the forecast period. The region has been witnessing strong demand from developing countries such as China, South Korea, Japan, and India. Increasing government subsidies on battery-operated vehicles along with rising investments by prominent players in this industry are some of the key factors driving regional growth.
The European regional market accounted for a substantial revenue share in 2017 owing to early adoption of advanced energy systems across several industries including transportation sector. Moreover, stringent emission norms coupled with increasing penetration of electric vehicles is expected to drive product demand over the forecast period. North America also contributed significantly towards global revenue generation owing to growing emphasis on reducing carbon footprint associated with transportation activities within U.S.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 14% from 2016 to 2020. This will create a high demand for New Energy Vehicle Battery Management System, as they are an essential component of electric vehicles.
- Government initiatives and subsidies: Governments across the globe are providing incentives and subsidies for the adoption of New Energy Vehicles Battery Management System in order to reduce pollution levels and promote energy security. For instance, the Chinese government offers a subsidy of up to ,000 per vehicle for buyers of new energy cars. This will help boost the growth of the market during the forecast period.
- Technological advancements: The development of next-generation battery management systems is helping OEMs reduce costs and improve performance characteristics such as life cycle, safety, and charging time etcetera .This is resulting in an increase in demand from end users which is propelling the growth prospects of this market during the forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
New Energy Vehicle Battery Management System Market Research Report
By Type
Distributed, Centralized, Modular
By Application
BEV, PHEV
By Companies
Tesla Motors, BYD, CATL, ATBS, BAIC BJEV, LG Chem, Denso, Calsonic Kansei, Joyson Electronics, Mewyeah, Klclear, Hzepower, Gotion, Hitachi, Sinoev, Hyundai Kefico
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
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global New Energy Vehicle Battery Management System Market Report Segments:
The global New Energy Vehicle Battery Management System 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
BEV, PHEV
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:
- Tesla Motors
- BYD
- CATL
- ATBS
- BAIC BJEV
- LG Chem
- Denso
- Calsonic Kansei
- Joyson Electronics
- Mewyeah
- Klclear
- Hzepower
- Gotion
- Hitachi
- Sinoev
- Hyundai Kefico
Highlights of The New Energy Vehicle Battery Management System 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:
- BEV
- PHEV
- 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 New Energy Vehicle Battery Management System 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
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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 computer-controlled system that monitors and manages the health, performance, and safety of a battery pack. BMSs are used in electric vehicles to optimize energy use by managing the charging and discharging of batteries.
Some of the major players in the new energy vehicle battery management system market are Tesla Motors, BYD, CATL, ATBS, BAIC BJEV, LG Chem, Denso, Calsonic Kansei, Joyson Electronics, Mewyeah, Klclear, Hzepower, Gotion, Hitachi, Sinoev, Hyundai Kefico.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 New Energy Vehicle Battery Management System 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 New Energy Vehicle Battery Management System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 New Energy Vehicle Battery Management System 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 New Energy Vehicle Battery Management System 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 New Energy Vehicle Battery Management System Market Size & Forecast, 2018-2028
4.5.1 New Energy Vehicle Battery Management System Market Size and Y-o-Y Growth
4.5.2 New Energy Vehicle Battery Management System Market Absolute $ Opportunity
Chapter 5 Global New Energy Vehicle Battery Management System 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 New Energy Vehicle Battery Management System Market Size Forecast by Type
5.2.1 Distributed
5.2.2 Centralized
5.2.3 Modular
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global New Energy Vehicle Battery Management System 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 New Energy Vehicle Battery Management System Market Size Forecast by Applications
6.2.1 BEV
6.2.2 PHEV
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global New Energy Vehicle Battery Management System 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 New Energy Vehicle Battery Management System 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 New Energy Vehicle Battery Management System Analysis and Forecast
9.1 Introduction
9.2 North America New Energy Vehicle Battery Management System 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 New Energy Vehicle Battery Management System Market Size Forecast by Type
9.6.1 Distributed
9.6.2 Centralized
9.6.3 Modular
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 New Energy Vehicle Battery Management System Market Size Forecast by Applications
9.10.1 BEV
9.10.2 PHEV
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 New Energy Vehicle Battery Management System Analysis and Forecast
10.1 Introduction
10.2 Europe New Energy Vehicle Battery Management System 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 New Energy Vehicle Battery Management System Market Size Forecast by Type
10.6.1 Distributed
10.6.2 Centralized
10.6.3 Modular
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 New Energy Vehicle Battery Management System Market Size Forecast by Applications
10.10.1 BEV
10.10.2 PHEV
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 New Energy Vehicle Battery Management System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific New Energy Vehicle Battery Management System 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 New Energy Vehicle Battery Management System Market Size Forecast by Type
11.6.1 Distributed
11.6.2 Centralized
11.6.3 Modular
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 New Energy Vehicle Battery Management System Market Size Forecast by Applications
11.10.1 BEV
11.10.2 PHEV
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 New Energy Vehicle Battery Management System Analysis and Forecast
12.1 Introduction
12.2 Latin America New Energy Vehicle Battery Management System 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 New Energy Vehicle Battery Management System Market Size Forecast by Type
12.6.1 Distributed
12.6.2 Centralized
12.6.3 Modular
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 New Energy Vehicle Battery Management System Market Size Forecast by Applications
12.10.1 BEV
12.10.2 PHEV
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) New Energy Vehicle Battery Management System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) New Energy Vehicle Battery Management System 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) New Energy Vehicle Battery Management System Market Size Forecast by Type
13.6.1 Distributed
13.6.2 Centralized
13.6.3 Modular
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) New Energy Vehicle Battery Management System Market Size Forecast by Applications
13.10.1 BEV
13.10.2 PHEV
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 New Energy Vehicle Battery Management System Market: Competitive Dashboard
14.2 Global New Energy Vehicle Battery Management System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tesla Motors
14.3.2 BYD
14.3.3 CATL
14.3.4 ATBS
14.3.5 BAIC BJEV
14.3.6 LG Chem
14.3.7 Denso
14.3.8 Calsonic Kansei
14.3.9 Joyson Electronics
14.3.10 Mewyeah
14.3.11 Klclear
14.3.12 Hzepower
14.3.13 Gotion
14.3.14 Hitachi
14.3.15 Sinoev
14.3.16 Hyundai Kefico
