Global Battery Monitoring System Market Size study & Forecast, by Component, by Type, by Battery Type, by End User and Regional Analysis, 2023-2030

Description

List of Tables

Global Battery Monitoring System Market is valued at approximately USD 5 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 19% over the forecast period 2023-2030. Battery Monitoring System is a technology used to monitor and control the operation of rechargeable batteries, including those found in backup power systems, renewable energy sources, and electric cars. The factor that drives the growth of the market is the advancements in EV batteries and associated technologies as there is a high demand for EVs in recent times and it will create the demand for the market. As per the study by World Economic Forum, the sales of Electric Vehicles in 2022 were 10.6 million units and it will increase in the coming years and thus it will create demand for the battery management systems market. The other factor that drives the growth of the market is the rising adoption of consumer electronics as these devices have higher battery capacity and BMS ensures the safety of the batteries that are used in consumer electronics thus it will increase the demand for the BMS market. However, the high cost of Battery Management Systems for extensive battery solutions acts as the major restraint for the market.

The factor that acts as a growth opportunity for the market is the rising adoption of renewable energy as these energy systems require energy storage systems which can be managed and monitored by Battery Management Systems and thus it will increase the demand of the market. The other opportunity factor for the market is integration with the Internet of Things (IoT) as the integration of these two can provide real-time data on battery performance, health and usage patterns. And with the help of the real-time data, battery performance optimization can be done and other features are also provided by it. As per Statista, the number of IoT-connected devices worldwide would be around 29.42 billion which will create a lot of opportunities for the BMS market.

The key regions considered for the Global Battery Monitoring System Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the government initiatives for the adoption of EVs in the region. Moreover, the investments in the data centers were increasing and other reason for the market dominance is US and Canada being the major markets for BMS. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as the rise in demand from several end-user industries.

Major market player included in this report are:

NDSL Group Limited
Analog Devices Inc.
Canara Inc.
Eagle Eye Power Solutions LLC
HBL Power Systems Ltd.
BTECH Inc.
Storage Battery Systems LLC
Schneider Electric SE
Marelli Holdings Co. Ltd.
Curtis Instruments Inc.

Recent Developments in the Market:

In May 2022, through introducing Wireless Distributed Battery Management System (WBMS), Marelli Holdings Co., Ltd. increased the scope of its battery management technology for electric cars. With this type of technology, connected physical links are no longer necessary, which results in higher adaptability, enhanced efficiency, improved reliability, and lower costs than with previous battery management system architectures.
In September 2020, Analogue Devices, Inc. introduced a wireless battery monitoring system with the objective to increase its design flexibility and manufacturing ability without compromising reach and reliability over the course of the battery's life,

Global Battery Monitoring System Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Component, Type, Battery Type, End User, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Component:

Hardware
Software

By Type:

Wired
Wireless

By Battery Type:

Lead-Acid
Lithium-Ion based

By End User:

Automotive
Energy
Telecommunications
Industries

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Battery Monitoring System Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Battery Monitoring System Market, by Component, 2020-2030 (USD Billion)
- 1.2.3. Battery Monitoring System Market, by Type, 2020-2030 (USD Billion)
- 1.2.4. Battery Monitoring System Market, by Battery Type, 2020-2030 (USD Billion)
- 1.2.5. Battery Monitoring System Market, by End User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Battery Monitoring System Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Battery Monitoring System Market Dynamics

3.1. Battery Monitoring System Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Advancement in EV batteries and associated technologies
  - 3.1.1.2. Rising adoption of consumer electronics
- 3.1.2. Market Challenges
  - 3.1.2.1. High Cost of Battery Monitoring System
- 3.1.3. Market Opportunities
  - 3.1.3.1. Rising adoption of renewable energy
  - 3.1.3.2. Integration with IoT

Chapter 4. Global Battery Monitoring System Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Battery Monitoring System Market, by Component

5.1. Market Snapshot
5.2. Global Battery Monitoring System Market by Component, Performance - Potential Analysis
5.3. Global Battery Monitoring System Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
5.4. Battery Monitoring System Market, Sub Segment Analysis
- 5.4.1. Hardware
- 5.4.2. Software

Chapter 6. Global Battery Monitoring System Market, by Type

6.1. Market Snapshot
6.2. Global Battery Monitoring System Market by Type, Performance - Potential Analysis
6.3. Global Battery Monitoring System Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
6.4. Battery Monitoring System Market, Sub Segment Analysis
- 6.4.1. Wireless
- 6.4.2. Wired

Chapter 7. Global Battery Monitoring System Market, by Battery Type

7.1. Market Snapshot
7.2. Global Battery Monitoring System Market by Battery Type, Performance - Potential Analysis
7.3. Global Battery Monitoring System Market Estimates & Forecasts by Battery Type 2020-2030 (USD Billion)
7.4. Battery Monitoring System Market, Sub Segment Analysis
- 7.4.1. Lead Acid
- 7.4.2. Lithium-Ion based

Chapter 8. Global Battery Monitoring System Market, by End User

8.1. Market Snapshot
8.2. Global Battery Monitoring System Market by End User, Performance - Potential Analysis
8.3. Global Battery Monitoring System Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
8.4. Battery Monitoring System Market, Sub Segment Analysis
- 8.4.1. Automotive
- 8.4.2. Energy
- 8.4.3. Telecommunications
- 8.4.4. Industries

Chapter 9. Global Battery Monitoring System Market, Regional Analysis

9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Battery Monitoring System Market, Regional Market Snapshot
9.4. North America Battery Monitoring System Market
- 9.4.1. U.S. Battery Monitoring System Market
  - 9.4.1.1. Component breakdown estimates & forecasts, 2020-2030
  - 9.4.1.2. Type breakdown estimates & forecasts, 2020-2030
  - 9.4.1.3. Battery Type breakdown estimates & forecasts, 2020-2030
  - 9.4.1.4. End User breakdown estimates & forecasts, 2020-2030
- 9.4.2. Canada Battery Monitoring System Market
9.5. Europe Battery Monitoring System Market Snapshot
- 9.5.1. U.K. Battery Monitoring System Market
- 9.5.2. Germany Battery Monitoring System Market
- 9.5.3. France Battery Monitoring System Market
- 9.5.4. Spain Battery Monitoring System Market
- 9.5.5. Italy Battery Monitoring System Market
- 9.5.6. Rest of Europe Battery Monitoring System Market
9.6. Asia-Pacific Battery Monitoring System Market Snapshot
- 9.6.1. China Battery Monitoring System Market
- 9.6.2. India Battery Monitoring System Market
- 9.6.3. Japan Battery Monitoring System Market
- 9.6.4. Australia Battery Monitoring System Market
- 9.6.5. South Korea Battery Monitoring System Market
- 9.6.6. Rest of Asia Pacific Battery Monitoring System Market
9.7. Latin America Battery Monitoring System Market Snapshot
- 9.7.1. Brazil Battery Monitoring System Market
- 9.7.2. Mexico Battery Monitoring System Market
9.8. Middle East & Africa Battery Monitoring System Market
- 9.8.1. Saudi Arabia Battery Monitoring System Market
- 9.8.2. South Africa Battery Monitoring System Market
- 9.8.3. Rest of Middle East & Africa Battery Monitoring System Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. NDSL Group Limited
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Recent Developments
- 10.3.2. Analog Devices Inc.
- 10.3.3. Canara Inc.
- 10.3.4. Eagle Eye Power Solutions LLC
- 10.3.5. HBL Power Systems Ltd.
- 10.3.6. BTECH Inc.
- 10.3.7. Storage Battery Systems LLC
- 10.3.8. Schneider Electric SE
- 10.3.9. Marelli Holdings Co. Ltd.
- 10.3.10. Curtis Instruments Inc.

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Battery Monitoring System Market, report scope
TABLE 2. Global Battery Monitoring System Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Battery Monitoring System Market estimates & forecasts by Component 2020-2030 (USD Billion)
TABLE 4. Global Battery Monitoring System Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 5. Global Battery Monitoring System Market estimates & forecasts by Battery Type 2020-2030 (USD Billion)
TABLE 6. Global Battery Monitoring System Market estimates & forecasts by End User 2020-2030 (USD Billion)
TABLE 7. Global Battery Monitoring System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Battery Monitoring System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Battery Monitoring System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Battery Monitoring System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Battery Monitoring System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Battery Monitoring System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Battery Monitoring System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Battery Monitoring System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Battery Monitoring System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. Global Battery Monitoring System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Battery Monitoring System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. U.S. Battery Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. U.S. Battery Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Battery Monitoring System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 21. Canada Battery Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. Canada Battery Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Battery Monitoring System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 24. UK Battery Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. UK Battery Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Battery Monitoring System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 27. Germany Battery Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. Germany Battery Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Battery Monitoring System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 30. France Battery Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. France Battery Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Battery Monitoring System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 33. Italy Battery Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Italy Battery Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Battery Monitoring System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 36. Spain Battery Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. Spain Battery Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Battery Monitoring System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 39. RoE Battery Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. RoE Battery Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Battery Monitoring System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 42. China Battery Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. China Battery Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Battery Monitoring System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 45. India Battery Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. India Battery Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Battery Monitoring System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 48. Japan Battery Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. Japan Battery Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Battery Monitoring System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 51. South Korea Battery Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. South Korea Battery Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Battery Monitoring System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 54. Australia Battery Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. Australia Battery Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Battery Monitoring System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 57. RoAPAC Battery Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. RoAPAC Battery Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Battery Monitoring System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 60. Brazil Battery Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Brazil Battery Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Battery Monitoring System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 63. Mexico Battery Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. Mexico Battery Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Battery Monitoring System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 66. RoLA Battery Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. RoLA Battery Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. Saudi Arabia Battery Monitoring System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 69. South Africa Battery Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. RoMEA Battery Monitoring System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71. List of secondary sources, used in the study of global Battery Monitoring System Market
TABLE 72. List of primary sources, used in the study of global Battery Monitoring System Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

List of figures

FIG 1. Global Battery Monitoring System Market, research methodology
FIG 2. Global Battery Monitoring System Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Battery Monitoring System Market, key trends 2022
FIG 5. Global Battery Monitoring System Market, growth prospects 2023-2030
FIG 6. Global Battery Monitoring System Market, porters 5 force model
FIG 7. Global Battery Monitoring System Market, pest analysis
FIG 8. Global Battery Monitoring System Market, value chain analysis
FIG 9. Global Battery Monitoring System Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Battery Monitoring System Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Battery Monitoring System Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Battery Monitoring System Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Battery Monitoring System Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Battery Monitoring System Market, regional snapshot 2020 & 2030
FIG 15. North America Battery Monitoring System Market 2020 & 2030 (USD Billion)
FIG 16. Europe Battery Monitoring System Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Battery Monitoring System Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Battery Monitoring System Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Battery Monitoring System Market 2020 & 2030 (USD Billion)