Battery Management System Market, By Topologies, By Components, and By Verticals (Automotive, Telecom, Energy, Drones, Consumer/Handheld ), and By Region - Size, Share, Outlook, and Opportunity Analysis, 2023

Description

A battery management system (BMS) is an electronic system that maintains the optimal health of the battery. This is done by monitoring the battery state, controlling the load environment, and balancing and charging accordingly. Moreover, the battery management system has several benefits such as prolonged battery life, prevention of battery damage due to voltage fluctuation and overcharging, supervising the optimal state of charging for the battery, and interfacing with the host application to deliver real-time information regarding battery health.

Market Dynamics

Increasing demand for electric vehicles in Asia Pacific region

Increasing demand for electric vehicles in emerging economies of Asia Pacific region such as China and India is expected to drive the growth of the global battery management system market over the forecast period. The battery management system offers various advantages including prolonged battery life, and prevention of battery damage due to voltage fluctuation and overcharging, As per the Electric Vehicle World Sales Database, China sold around 1.3 million plug-in electric vehicles and plug-in hybrids electric vehicles in 2020 which was 62% higher than in 2019. As EVs are continuously improving and becoming more affordable, EVs are expected to account for a significant market share in China by 2025. This high growth in the number of electric vehicles will create better growth opportunities for the global battery management system market in China. For instance, on August 01, 2022, LHP is dedicated to encouraging electric car technology through guidance, the purchase of tools, and training for new skills. The most recent step in ensuring that the sector has the skills and knowledge required to market electric vehicles and energy storage systems is the introduction of a new BMS course by LHP.

However, the lack of regulated policies for developing battery management systems is expected to restrain the growth of the global battery management system (BMS) market over the forecast period.

Market Taxonomy

This report segments the global battery management system market based on topologies, components, and verticals. On the basis of topologies, the global battery management system market is segmented into distributed, modular, and centralized. On the basis of components, the market is segmented into battery management unit, and communication unit. On the basis of verticals, the market is segmented into automotive (E-Vehicles (EVs, HEVs, PHEVs, BEV, Racing vehicles and Electric Heavy Vehicles), Golf Cart, Medical Mobility Vehicles, E-Recreational Vehicles and Segways), Telecom, Energy (Grid, Solar, Wind, Portable battery packs, Energy storage systems, UPS), Drones, Consumer/Handheld (Power tools, Vacuum cleaners, Portable medical equipment and Others).

Key features of the study:

This report provides in-depth analysis of Global Battery Management System Market and provides market size (7,468.8 Mn ) and Compound Annual Growth Rate (CAGR 21.47 %) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by key players
It profiles key players in the global Battery Management System market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include AVL, Cummins, Inc, Johnson Matthey Battery Systems, L&T Technology Services, Merlin Equipment Ltd., Navitas System, LLC, Nuvation Engineering, The Ventec Company, Toshiba Corporation, TWS (Technology with Spirit), Vecture Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
Global Battery Management System market report caters to various stakeholders in this industry including investors, suppliers, Battery Management System manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Battery Management System market

Detailed Segmentation:

Global Battery Management System Market, By Topologies:
- Distributed
- Modular
- Centralized
Global Battery Management System Market, By Components :
- Battery Management Unit
- Communication Unit
Global Battery Management System Market, By Verticals:
- Automotive
- Telecom
- Energy
- Drones
- Consumer/Handheld
Global Battery Management System Market, By Region:
- North America
  - U.S.
  - Canada
- Latin America
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
- Europe
  - Germany
  - U.K
  - Netherlands
  - Italy
  - Spain
  - Russia
  - Rest of Europe
- Asia Pacific
  - China
  - India
  - ASEAN
  - Japan
  - South Korea
  - Australia
  - Rest of Asia Pacific
- Middle East
  - GCC
  - Israel
  - Rest of Middle East
- Africa
  - Northern Africa
  - Central Africa
  - South Africa
Company Profiles*
- Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments
  - Future Plans
- Cummins, Inc
- Johnson Matthey Battery Systems
- L&T Technology Services
- Merlin Equipment Ltd.
- Navitas System, LLC
- Nuvation Engineering
- The Ventec Company
- Toshiba Corporation,
- TWS (Technology with Spirit),
- Vecture Inc.

"*" marked represents similar segmentation in other categories in the respective section.

Product Code: CMI3153

1. Research Objective and Assumption

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Topologies
- Market Snippet, By Components
- Market Snippet, By Verticals
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Supply Side Drivers
Demand Side Drivers
Economic Drivers
- Restraints
- Market Opportunities
- PEST Analysis
- PORTER Analysis
- Regulatory Scenario
- Key Industry Trends
- List of Manufacturers, By Region
- Overview of the Market Snippet, By Components Industry
Cost Tier Down Analysis

4. Global Battery Management System Market-Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Global Battery Management System Market, Topologies, 2017 - 2030, (US$ Mn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-O-Y Growth Analysis, 2017-2030
- Segment Trends
Distributed
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017-2030, (US$ Mn)
Modular
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017-2030, (US$ Mn)
Centralized
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017-2030, (US$ Mn)

6. Global Battery Management System Market, By Components, 2017 - 2030, (US$ Mn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-O-Y Growth Analysis, 2017-2030
- Segment Trends
Battery Management Unit
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017-2030, (US$ Mn)
Communication Unit
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017-2030, (US$ Mn)

7. Global Battery Management System Market, By Vertical, 2017 - 2030, (US$ Mn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-O-Y Growth Analysis, 2017-2030
- Segment Trends
Automotive
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017-2030, (US$ Mn)
Telecom
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017-2030, (US$ Mn)
Energy
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017-2030, (US$ Mn)
Drones
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017-2030, (US$ Mn)
Consumer/Handheld
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017-2030, (US$ Mn)

8. Global Battery Management System Market, By Region, 2017 - 2030, (US$ Mn)

Introduction
- Market Share Analysis, By Region, 2023 and 2030 (%)
- Y-O-Y Growth Analysis, For Region, 2017-2030
North America
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-O-Y Growth Analysis, By Country, 2017-2030
U.S.
- Country Trends
- Market Size and Forecast, and Y-O-Y Growth, By Product Type, 2017 - 2030, (US$ Mn)
- Market Size and Forecast, and Y-O-Y Growth, By Distribution Channel, 2017 - 2030, (US$ Mn)
Canada
- Country Trends
- Market Size and Forecast, and Y-O-Y Growth, By Product Type, 2017 - 2030, (US$ Mn)
- Market Size and Forecast, and Y-O-Y Growth, By Distribution Channel, 2017 - 2030, (US$ Mn)
Latin America
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-O-Y Growth Analysis, By Country, 2017-2030
Brazil
- Country Trends
- Market Size and Forecast, and Y-O-Y Growth, By Product Type, 2017 - 2030, (US$ Mn)
- Market Size and Forecast, and Y-O-Y Growth, By Distribution Channel, 2017 - 2030, (US$ Mn)
Argentina
- Country Trends
- Market Size and Forecast, and Y-O-Y Growth, By Product Type, 2017-2030 (US$ Mn)
- Market Size and Forecast, and Y-O-Y Growth, By Distribution Channel, 2017 - 2030, (US$ Mn)
Mexico
- Country Trends
- Market Size and Forecast, and Y-O-Y Growth, By Product Type, 2017-2030 (US$ Mn)
- Market Size and Forecast, and Y-O-Y Growth, By Distribution Channel, 2017 - 2030, (US$ Mn)
Rest of Latin America
- Country/Region Trends
- Market Size and Forecast, and Y-O-Y Growth, By Product Type, 2017-2030 (US$ Mn)
- Market Size and Forecast, and Y-O-Y Growth, By Distribution Channel, 2017 - 2030, (US$ Mn)
Europe
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-O-Y Growth Analysis, By Country, 2017-2030
Germany
- Country Trends
- Market Size and Forecast, and Y-O-Y Growth, By Product Type, 2017-2030 (US$ Mn)
- Market Size and Forecast, and Y-O-Y Growth, By Distribution Channel, 2017 - 2030, (US$ Mn)
U.K.
- Country Trends
- Market Size and Forecast, and Y-O-Y Growth, By Product Type, 2017 - 2030, (US$ Mn)
- Market Size and Forecast, and Y-O-Y Growth, By Distribution Channel, 2017 - 2030, (US$ Mn)
Netherlands
- Country Trends
- Market Size and Forecast, and Y-O-Y Growth, By Product Type, 2017 - 2030, (US$ Mn)
- Market Size and Forecast, and Y-O-Y Growth, By Distribution Channel, 2017-2030 (US$ Mn)
Italy
- Country Trends
- Market Size and Forecast, and Y-O-Y Growth, By Product Type, 2017-2030 (US$ Mn)
- Market Size and Forecast, and Y-O-Y Growth, By Distribution Channel, 2017 - 2030, (US$ Mn)
Spain
- Country Trends
- Market Size and Forecast, and Y-O-Y Growth, By Product Type, 2017-2030 (US$ Mn)
- Market Size and Forecast, and Y-O-Y Growth, By Distribution Channel, 2017 - 2030, (US$ Mn)
Russia
- Country Trends
- Market Size and Forecast, and Y-O-Y Growth, By Product Type, 2017-2030 (US$ Mn)
- Market Size and Forecast, and Y-O-Y Growth, By Distribution Channel, 2017 - 2030, (US$ Mn)
Rest of Europe
- Country/Region Trends
- Market Size and Forecast, and Y-O-Y Growth, By Product Type, 2017-2030 (US$ Mn)
- Market Size and Forecast, and Y-O-Y Growth, By Distribution Channel, 2017 - 2030, (US$ Mn)
Asia Pacific
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-O-Y Growth Analysis, By Country, 2017-2030
China
- Country Trends
- Market Size and Forecast, and Y-O-Y Growth, By Product Type, 2017-2030 (US$ Mn)
- Market Size and Forecast, and Y-O-Y Growth, By Distribution Channel, 2017 - 2030, (US$ Mn)
India
- Country Trends
- Market Size and Forecast, and Y-O-Y Growth, By Product Type, 2017-2030 (US$ Mn)
- Market Size and Forecast, and Y-O-Y Growth, By Distribution Channel, 2017-2030 (US$ Mn)
ASEAN
- Country Trends
- Market Size and Forecast, and Y-O-Y Growth, By Product Type, 2017-2030 (US$ Mn)
- Market Size and Forecast, and Y-O-Y Growth, By Distribution Channel, 2017 - 2030, (US$ Mn)
Japan
- Country Trends
- Market Size and Forecast, and Y-O-Y Growth, By Product Type, 2017-2030 (US$ Mn)
- Market Size and Forecast, and Y-O-Y Growth, By Distribution Channel, 2017 - 2030, (US$ Mn)
South Korea
- Country Trends
- Market Size and Forecast, and Y-O-Y Growth, By Product Type, 2017-2030 (US$ Mn)
- Market Size and Forecast, and Y-O-Y Growth, By Distribution Channel, 2017 - 2030, (US$ Mn)
Australia
- Country Trends
- Market Size and Forecast, and Y-O-Y Growth, By Product Type, 2017 - 2030, (US$ Mn)
- Market Size and Forecast, and Y-O-Y Growth, By Distribution Channel, 2017 - 2030, (US$ Mn)
Rest of Asia Pacific
- Country/Region Trends
- Market Size and Forecast, and Y-O-Y Growth, By Product Type, 2017-2030 (US$ Mn)
- Market Size and Forecast, and Y-O-Y Growth, By Distribution Channel, 2017 - 2030, (US$ Mn)
Middle East
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-O-Y Growth Analysis, By Country, 2017-2030
GCC
- Country Trends
- Market Size and Forecast, and Y-O-Y Growth, By Product Type, 2017-2030 (US$ Mn)
- Market Size and Forecast, and Y-O-Y Growth, By Distribution Channel, 2017 - 2030, (US$ Mn)
Israel
- Country Trends
- Market Size and Forecast, and Y-O-Y Growth, By Product Type, 2017-2030 (US$ Mn)
- Market Size and Forecast, and Y-O-Y Growth, By Distribution Channel, 2017 - 2030, (US$ Mn)
Rest of Middle East
- Country/Region Trends
- Market Size and Forecast, and Y-O-Y Growth, By Product Type, 2017-2030 (US$ Mn)
- Market Size and Forecast, and Y-O-Y Growth, By Distribution Channel, 2017 - 2030, (US$ Mn)
Africa
- Market Share Analysis, By Sub-Region, 2023 and 2030 (%)
- Y-O-Y Growth Analysis, By Sub-Region, 2017-2030
North Africa
- Country/Region Trends
- Market Size and Forecast, and Y-O-Y Growth, By Product Type, 2017-2030 (US$ Mn)
- Market Size and Forecast, and Y-O-Y Growth, By Distribution Channel, 2017 - 2030, (US$ Mn)
Central Africa
- Country/Region Trends
- Market Size and Forecast, and Y-O-Y Growth, By Product Type, 2017-2030 (US$ Mn)
- Market Size and Forecast, and Y-O-Y Growth, By Distribution Channel, 2017 - 2030, (US$ Mn)
South Africa
- Country/Region Trends
- Market Size and Forecast, and Y-O-Y Growth, By Product Type, 2017-2030 (US$ Mn)
- Market Size and Forecast, and Y-O-Y Growth, By Distribution Channel, 2017 - 2030, (US$ Mn)

9. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- AVL
Company Overview
Product Type Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
- Cummins, Inc
- Johnson Matthey Battery Systems
- L&T Technology Services
- Merlin Equipment Ltd.
- Navitas System, LLC
- Nuvation Engineering
- The Ventec Company
- Toshiba Corporation
- TWS (Technology with Spirit)
- Vecture Inc.
Analyst Views

10. Section

References
Research Methodology
About us and Sales Contact

Battery Management System Market, By Topologies, By Components, and By Verticals (Automotive, Telecom, Energy, Drones, Consumer/Handheld ), and By Region - Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030