Europe Automotive Battery Management System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Vehicle Type (Bus, Trucks, and Off-Highway Vehicle)

List of Tables

The Europe automotive battery management system market is expected to grow from US$ 17.44 million in 2022 to US$ 40.77 million by 2028. It is estimated to grow at a CAGR of 15.2% from 2022 to 2028.

Government Initiatives and Policies Favoring Low-Emission Vehicles is Fueling the Europe Automotive Battery Management System Market

Governments of European Union countries are proactively taking steps to increase the adoption of EVs, especially cars, buses, and trucks. The Zero Emission Vehicle Infrastructure Program (ZEVIP) is a US$ 680 million initiative that will be active till 2027. As per the European Environment Agency, electric car registrations in 2020 were close to 1,325,000 units, up from 550,000 units in 2019. Furthermore, the recently proposed legislation by the European Commission sets targets to mitigate carbon emissions of cars by 55% and vans by 50% by 2030. It also proposes to completely cut emissions from cars and vans by 2035.Also, fuel economy standards were revised for trucks in the country in 2020, as the country is expected to reduce 80% of its automotive greenhouse gas emissions by 2050 through its automotive strategy. Such favorable initiatives and policies are anticipated to boost the adoption of EVs, such as cars, trucks, and vans, thereby driving the adoption of batteries and battery management systems. Thus, various government initiatives and policies favoring low-emission vehicles is fueling the Europe automotive battery management system market.

Europe Automotive Battery Management System Market Overview

Germany, France, Spain, the UK, and the Czech Republic are leading countries in Europe that produce the maximum number of motor vehicles and electric passenger cars. The automotive industry plays a significant role in the growth of Europe's prosperity, as it accounts for a significant portion in the region's GDP. As per the IEA data, electric car sales in Europe, continued to increase in 2021 by more than 65% year-on-year to 2.3 million, after the boom of 2020. EV sales remained strong even though the overall automotive market has not yet fully recovered from the pandemic. Therefore, the presence of a robust automotive industry in Europe boosts the demand for automotive battery management systems due to large-scale vehicle production. European Commission and national regulatory bodies take numerous initiatives to support the development of the automotive industry in the region. For instance, CARS 2020 Action Plan, GEAR 2030, and Horizon 2020 are a few major European government initiatives that augment the vehicle production. The Horizon 2020 Plan focuses on providing funds for research & development (R&D) activities in the industry by launching programs such as the European Green Vehicles Initiative for smart mobility, road transport, and logistics. Also, in July 2021, the European Commission proposed a revision of Regulation (EU) 2019/631 to reduce carbon emissions by cars and vans to achieve the EU's 2030 and 2050 climate objectives. The supportive government policies for mitigating carbon emissions increase the adoption of EVs. Such regulatory support from the European government propels the demand for battery management systems, which bolsters the Europe automotive battery management system market growth.

Europe Automotive Battery Management System Market Revenue and Forecast to 2028 (US$ Million)

Europe Automotive Battery Management System Market Segmentation

The Europe automotive battery management system market is segmented into by vehicle type and country.

Based on vehicle type, the Europe automotive battery management system market is segmented into bus, trucks, and off-highway vehicle. The bus segment held the largest market share in 2022. Based on country, the automotive battery management system market is segmented into Germany, France, Netherlands, the UK, and the Rest of Europe. The Rest of Europe dominated the market share in 2022. Continental AG; Dana Limited; GENTHERM; Hanon Systems; Mahle GmbH; Marelli Holdings Co., Ltd; NXP Semiconductors; Renesas Electronics Corporation; Robert Bosch GmbH and Valeo are the leading companies operating in the Europe automotive battery management system market.

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Product Code: BMIRE00027806

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Europe Automotive Battery Management System Market Landscape

4.1 Market Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Buyers
- 4.2.2 Bargaining Power of Suppliers
- 4.2.3 Threat to New Entrants
- 4.2.4 Threat to Substitutes
- 4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. Europe Automotive Battery Management System Market - Key Industry Dynamics

5.1 Market Drivers
- 5.1.1 Increasing Sales of EVs and Expansion of EV Infrastructure
- 5.1.2 Government Initiatives and Policies Favoring Low-Emission Vehicles
5.2 Key Market Restraints
- 5.2.1 High Upfront Costs and Scalability Issues
5.3 Key Market Opportunities
- 5.3.1 Projected Rise in Demand for Electric Trucks and Buses
5.4 Trends
- 5.4.1 Wireless Battery Management Systems
5.5 Impact Analysis of Drivers and Restraints

6. Europe Automotive Battery Management System Market -Market Analysis

6.1 Europe Automotive Battery Management System Market Overview
6.2 Europe Automotive Battery Management System Market Forecast and Analysis
6.3 Europe Automotive Battery Management System Market Forecast and Analysis (Units)

7. Europe Automotive Battery Management System Market Analysis by Vehicle Type

7.1 Overview
7.2 Europe Automotive Battery Management System Market, By Vehicle Type (2021 and 2028)
7.3 Bus
- 7.3.1 Overview
- 7.3.2 Bus :Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
- 7.3.3 List of Companies
- 7.3.4 Insights and Trends
  - 7.3.4.1 School Bus
    - 7.3.4.1.1 Overview
    - 7.3.4.1.2 School Bus :Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
  - 7.3.4.2 Transit Bus
    - 7.3.4.2.1 Overview
    - 7.3.4.2.2 Transit Bus :Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
  - 7.3.4.3 Minibus
    - 7.3.4.3.1 Overview
    - 7.3.4.3.2 Minibus :Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
  - 7.3.4.4 Coach/Motor Coach
    - 7.3.4.4.1 Overview
    - 7.3.4.4.2 Coach/Motor Coach :Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
  - 7.3.4.5 Others
    - 7.3.4.5.1 Overview
    - 7.3.4.5.2 Others :Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
7.4 Trucks
- 7.4.1 Overview
- 7.4.2 Trucks :Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
- 7.4.3 List of Companies
- 7.4.4 Insights and Trends
  - 7.4.4.1 Light Commercial Vehicle
    - 7.4.4.1.1 Overview
    - 7.4.4.1.2 Light Commercial Vehicle :Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
  - 7.4.4.2 Heavy Commercial Vehicle
    - 7.4.4.2.1 Overview
    - 7.4.4.2.2 Heavy Commercial Vehicle :Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
7.5 Off-Highway Vehicle
- 7.5.1 Overview
- 7.5.2 Off-Highway Vehicle :Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
- 7.5.3 List of Companies
- 7.5.4 Insights and Trends
  - 7.5.4.1 Dump Trucks
    - 7.5.4.1.1 Overview
    - 7.5.4.1.2 Dump Trucks :Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
  - 7.5.4.2 Excavator
    - 7.5.4.2.1 Overview
    - 7.5.4.2.2 Excavator :Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
  - 7.5.4.3 Loaders
    - 7.5.4.3.1 Overview
    - 7.5.4.3.2 Loaders :Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
  - 7.5.4.4 Tractors
    - 7.5.4.4.1 Overview
    - 7.5.4.4.2 Tractors :Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
  - 7.5.4.5 Others
    - 7.5.4.5.1 Overview
    - 7.5.4.5.2 Others :Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)

8. Europe Automotive Battery Management System Market - Country Analysis

8.1 Europe: Europe Automotive Battery Management System Market
- 8.1.1 Europe Automotive Battery Management System Market, by Key Country, Revenue (2021) (US$ Million)
- 8.1.2 Europe Automotive Battery Management System Market Breakdown, By Key Country, Revenue and Volume
  - 8.1.2.1 Germany : Europe Automotive Battery Management System Market, Revenue and Volume Forecast to 2028
    - 8.1.2.1.1 Germany : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Vehicle Type
    - 8.1.2.1.1.1 Germany : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Off-highway Vehicle
    - 8.1.2.1.1.2 Germany : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Trucks
    - 8.1.2.1.1.3 Germany : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Bus
  - 8.1.2.2 France : Europe Automotive Battery Management System Market, Revenue and Volume Forecast to 2028
    - 8.1.2.2.1 France : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Vehicle Type
    - 8.1.2.2.1.1 France : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Off-highway Vehicle
    - 8.1.2.2.1.2 France : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Trucks
    - 8.1.2.2.1.3 France : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Bus
  - 8.1.2.3 Netherlands : Europe Automotive Battery Management System Market, Revenue and Volume Forecast to 2028
    - 8.1.2.3.1 Netherlands : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Vehicle Type
    - 8.1.2.3.1.1 Netherlands : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Off-highway Vehicle
    - 8.1.2.3.1.2 Netherlands : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Trucks
    - 8.1.2.3.1.3 Netherlands : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Bus
  - 8.1.2.4 UK : Europe Automotive Battery Management System Market, Revenue and Volume Forecast to 2028
    - 8.1.2.4.1 UK : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Vehicle Type
    - 8.1.2.4.1.1 UK : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Off-highway Vehicle
    - 8.1.2.4.1.2 UK : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Trucks
    - 8.1.2.4.1.3 UK : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Bus
  - 8.1.2.5 Rest of Europe : Europe Automotive Battery Management System Market, Revenue and Volume Forecast to 2028
    - 8.1.2.5.1 Rest of Europe : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Vehicle Type
    - 8.1.2.5.1.1 Rest of Europe : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Off-highway Vehicle
    - 8.1.2.5.1.2 Rest of Europe : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Trucks
    - 8.1.2.5.1.3 Rest of Europe : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Bus

9. Industry Landscape

9.1 Overview
9.2 Market Initiative
9.3 New Product Development

10. Company Profiles

10.1 Continental AG
- 10.1.1 Key Facts
- 10.1.2 Business Description
- 10.1.3 Products and Services
- 10.1.4 Financial Overview
- 10.1.5 SWOT Analysis
- 10.1.6 Key Developments
10.2 Dana Limited
- 10.2.1 Key Facts
- 10.2.2 Business Description
- 10.2.3 Products and Services
- 10.2.4 Financial Overview
- 10.2.5 SWOT Analysis
- 10.2.6 Key Developments
10.3 GENTHERM
- 10.3.1 Key Facts
- 10.3.2 Business Description
- 10.3.3 Products and Services
- 10.3.4 Financial Overview
- 10.3.5 SWOT Analysis
- 10.3.6 Key Developments
10.4 Hanon Systems
- 10.4.1 Key Facts
- 10.4.2 Business Description
- 10.4.3 Products and Services
- 10.4.4 Financial Overview
- 10.4.5 SWOT Analysis
- 10.4.6 Key Developments
10.5 Mahle GmbH
- 10.5.1 Key Facts
- 10.5.2 Business Description
- 10.5.3 Products and Services
- 10.5.4 Financial Overview
- 10.5.5 SWOT Analysis
- 10.5.6 Key Developments
10.6 NXP Semiconductors
- 10.6.1 Key Facts
- 10.6.2 Business Description
- 10.6.3 Products and Services
- 10.6.4 Financial Overview
- 10.6.5 SWOT Analysis
- 10.6.6 Key Developments
10.7 Renesas Electronics Corporation
- 10.7.1 Key Facts
- 10.7.2 Business Description
- 10.7.3 Products and Services
- 10.7.4 Financial Overview
- 10.7.5 SWOT Analysis
- 10.7.6 Key Developments
10.8 Robert Bosch GmbH
- 10.8.1 Key Facts
- 10.8.2 Business Description
- 10.8.3 Products and Services
- 10.8.4 Financial Overview
- 10.8.5 SWOT Analysis
- 10.8.6 Key Developments
10.9 Valeo
- 10.9.1 Key Facts
- 10.9.2 Business Description
- 10.9.3 Products and Services
- 10.9.4 Financial Overview
- 10.9.5 SWOT Analysis
- 10.9.6 Key Developments
10.10 Marelli Holdings Co., Ltd
- 10.10.1 Key Facts
- 10.10.2 Business Description
- 10.10.3 Products and Services
- 10.10.4 Financial Overview
- 10.10.5 SWOT Analysis
- 10.10.6 Key Developments

11. Appendix

11.1 About the Insight Partners
11.2 Word Index