Market Overview:
The global power 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 and grid energy storage systems. The distributed type of power battery management system is expected to dominate the market during the forecast period, owing to its advantages such as improved safety, reduced installation and commissioning time, and lower overall costs. However, the centralized type of power battery management system is also gaining traction due to its ability manage large-scale batteries with high efficiency.
Product Definition:
A power battery management system (PBMS) is a computer-controlled system that monitors and manages the state of charge (SoC) and health of a battery pack. A PBMS can improve the performance, life, and safety of batteries by controlling how they are charged and discharged.
Distributed:
Distributed energy is the new source of power generation that can be used in many places at the same time. It can also be used to provide services such as storage, transport and conversion into other forms of energy. The most common form of distributed power is electricity which is generated using a renewable source such as solar PV or wind turbine and stored in batteries for use later when there's no sunlight or wind.
Centralized:
Centralized battery management systems (BMS) are used to monitor and manage the health, safety and performance of batteries in electric power plants. It is a system that monitors all the individual cells in a battery pack, as well as provides information on their condition so that appropriate actions can be taken to ensure the continued reliability of the system.
Application Insights:
The grid energy storage application segment accounted for the largest revenue share in 2016 and is projected to witness significant growth over the forecast period. The growing need for managing power grid fluctuations such as voltage, frequency and reactive power is anticipated to drive the demand for DPGMS.
Specialty vehicles / marine application segment was one of the prominent segments in 2016 owing to rising demand from defense, automotive and telecom sectors respectively. Power battery management systems are used across these industries due to their requirement of advanced technology batteries that can withstand extreme temperatures along with charging & discharging demands.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The region accounted for a share of more than 30% in 2016 owing to increasing demand from developing countries such as China and India. Moreover, rising investments by governments in building smart cities are also expected to drive regional growth over the next eight years.
The European power battery management system market was valued at USD X million in 2016 and is anticipated to witness significant growth during the forecast period on account of growing renewable energy production coupled with stringent government regulations regarding carbon emissions from power plants. Central & South America is projected to register considerable growth rate due its vast solar potential along with an increase in grid scale projects across Brazil and Argentina that will require batteries for frequency regulation purposes.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This will lead to an increase in the demand for power battery management systems, as they are essential components in these vehicles.
- Growing awareness about energy conservation: There is a growing awareness among consumers about the importance of conserving energy and using it efficiently. This is driving the demand for power battery management systems, as they help improve energy efficiency and reduce wastage.
- Development of smart grids: The development of smart grids is another key growth driver for the power battery management system market. Smart grids can help manage and optimize electricity distribution, which will lead to an increase in the adoption of these systems worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Power Battery Management System Market Research Report
By Type
Distributed, Centralized, Modular
By Application
Grid Energy Storage, Specialty Vehicles / Marine, Telecom / Datacom, Others
By Companies
Denso, Calsonic Kansei, Hitachi Automotive Systems, Mitsubishi Electric, Hyundai Kefico, LG Chem, SK Innovation, Tesla Motors, Lithium Balance, Vecture, RimacAutomobil, Digi-Triumph Technolog, Clayton Power, Bosch
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Power Battery Management System Market Report Segments:
The global Power 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
Grid Energy Storage, Specialty Vehicles / Marine, Telecom / Datacom, 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:
- Denso
- Calsonic Kansei
- Hitachi Automotive Systems
- Mitsubishi Electric
- Hyundai Kefico
- LG Chem
- SK Innovation
- Tesla Motors
- Lithium Balance
- Vecture
- RimacAutomobil
- Digi-Triumph Technolog
- Clayton Power
- Bosch
Highlights of The Power 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:
- Grid Energy Storage
- Specialty Vehicles / Marine
- Telecom / Datacom
- 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 Power 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
- 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 power battery management system (PBS) is a computer-controlled system that monitors and manages the charging, discharging, and health of a battery pack.
Some of the key players operating in the power battery management system market are Denso, Calsonic Kansei, Hitachi Automotive Systems, Mitsubishi Electric, Hyundai Kefico, LG Chem, SK Innovation, Tesla Motors, Lithium Balance, Vecture, RimacAutomobil, Digi-Triumph Technolog, Clayton Power, Bosch.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Power 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 Power Battery Management System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Power 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 Power 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 Power Battery Management System Market Size & Forecast, 2018-2028
4.5.1 Power Battery Management System Market Size and Y-o-Y Growth
4.5.2 Power Battery Management System Market Absolute $ Opportunity
Chapter 5 Global Power 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 Power 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 Power 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 Power Battery Management System Market Size Forecast by Applications
6.2.1 Grid Energy Storage
6.2.2 Specialty Vehicles / Marine
6.2.3 Telecom / Datacom
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Power 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 Power 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 Power Battery Management System Analysis and Forecast
9.1 Introduction
9.2 North America Power 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 Power 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 Power Battery Management System Market Size Forecast by Applications
9.10.1 Grid Energy Storage
9.10.2 Specialty Vehicles / Marine
9.10.3 Telecom / Datacom
9.10.4 Others
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 Power Battery Management System Analysis and Forecast
10.1 Introduction
10.2 Europe Power 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 Power 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 Power Battery Management System Market Size Forecast by Applications
10.10.1 Grid Energy Storage
10.10.2 Specialty Vehicles / Marine
10.10.3 Telecom / Datacom
10.10.4 Others
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 Power Battery Management System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Power 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 Power 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 Power Battery Management System Market Size Forecast by Applications
11.10.1 Grid Energy Storage
11.10.2 Specialty Vehicles / Marine
11.10.3 Telecom / Datacom
11.10.4 Others
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 Power Battery Management System Analysis and Forecast
12.1 Introduction
12.2 Latin America Power 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 Power 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 Power Battery Management System Market Size Forecast by Applications
12.10.1 Grid Energy Storage
12.10.2 Specialty Vehicles / Marine
12.10.3 Telecom / Datacom
12.10.4 Others
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) Power Battery Management System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Power 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) Power 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) Power Battery Management System Market Size Forecast by Applications
13.10.1 Grid Energy Storage
13.10.2 Specialty Vehicles / Marine
13.10.3 Telecom / Datacom
13.10.4 Others
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 Power Battery Management System Market: Competitive Dashboard
14.2 Global Power Battery Management System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Denso
14.3.2 Calsonic Kansei
14.3.3 Hitachi Automotive Systems
14.3.4 Mitsubishi Electric
14.3.5 Hyundai Kefico
14.3.6 LG Chem
14.3.7 SK Innovation
14.3.8 Tesla Motors
14.3.9 Lithium Balance
14.3.10 Vecture
14.3.11 RimacAutomobil
14.3.12 Digi-Triumph Technolog
14.3.13 Clayton Power
14.3.14 Bosch
