Battery Management System Market by Type (Motive Battery and Stationary Battery), Battery Type (Lithium-ion, Lead-acid, Nickel-based, Solid-state, Flow battery), Topology (Centralized, Distributed and Modular), Application and Region - Global Forecast to 2028
The global battery management system (BMS) market is expected to grow from USD 7.8 billion in 2023 to USD 18.4 billion by 2028, at a CAGR of 18.7% from 2023 to 2028. The battery management system is implemented to manage high-energy batteries efficiently. The functions of the battery management system may vary according to the properties and requirements of the battery it is incorporated into.
The battery management system market based on battery type has been segmented into lithium-ion, lead-acid, nickel-based batteries, and others. Most end users choose the most suitable battery type according to their requirements and the nature of the application. Lithium-ion is a widely used battery in applications such as automobiles and renewable energy systems.
'Renewable energy application to hold a significant share of battery management system market in 2028”
Both on-grid and off-grid renewable energy deployments are witnessing steady growth, with batteries being used for energy storage applications for many years. However, battery storage technology has gained greater traction and supports higher electricity generation levels from renewable energy—particularly wind and solar. The rapid fall in battery cost has increased the popularity of battery storage as an option for storing electricity from renewable sources at the household, business, and community levels. These batteries need battery management systems for efficient operations, tracking battery voltage, the amount of power consumed, the state of charge of the battery, etc. In addition, the battery management system in renewable energy is required for PV time shift, peak shaving, and grid support.
“Europe is expected to grow at an impressive CAGR during the forecast period”
Germany, France, and the UK are among the major European economies. These countries are technologically developed and are also major manufacturing hubs for the automotive and aerospace & defense verticals. Five countries, Germany, France, the Netherlands, Sweden, and Belgium, accounted for more than three-quarters of all electrically chargeable cars in the EU. As there is a growing trend of adoption for electric vehicles in Europe, the requirement for battery management systems is also expected to increase to effectively manage batteries in electric vehicles.
Major players profiled in this report are: Sensata Technologies, Inc. (Japan), Ebersp?cher (Germany), Panasonic Holdings Corporation (Japan), and LG Energy Solution, Ltd. (South Korea).
Research Coverage
This report covers the battery management system market in detail, with segmentation based on type, battery type, topology, application, and region. The type segment includes motive battery and stationary battery type. The battery types include lithium-ion, lead-acid, nickel-based batteries, and others. The topology segment includes centralized, modular, and distributed topologies. Further, automotive, industrial, renewable energy, telecommunications, military & defense, and other applications of battery management systems have been covered in this report. The market has also been segmented into four regions—North America, Asia Pacific, Europe, and RoW.
Key Benefits of Buying the Report:
The report would help market leaders/new entrants in this market in the following ways:
The battery management system market based on battery type has been segmented into lithium-ion, lead-acid, nickel-based batteries, and others. Most end users choose the most suitable battery type according to their requirements and the nature of the application. Lithium-ion is a widely used battery in applications such as automobiles and renewable energy systems.
'Renewable energy application to hold a significant share of battery management system market in 2028”
Both on-grid and off-grid renewable energy deployments are witnessing steady growth, with batteries being used for energy storage applications for many years. However, battery storage technology has gained greater traction and supports higher electricity generation levels from renewable energy—particularly wind and solar. The rapid fall in battery cost has increased the popularity of battery storage as an option for storing electricity from renewable sources at the household, business, and community levels. These batteries need battery management systems for efficient operations, tracking battery voltage, the amount of power consumed, the state of charge of the battery, etc. In addition, the battery management system in renewable energy is required for PV time shift, peak shaving, and grid support.
“Europe is expected to grow at an impressive CAGR during the forecast period”
Germany, France, and the UK are among the major European economies. These countries are technologically developed and are also major manufacturing hubs for the automotive and aerospace & defense verticals. Five countries, Germany, France, the Netherlands, Sweden, and Belgium, accounted for more than three-quarters of all electrically chargeable cars in the EU. As there is a growing trend of adoption for electric vehicles in Europe, the requirement for battery management systems is also expected to increase to effectively manage batteries in electric vehicles.
Major players profiled in this report are: Sensata Technologies, Inc. (Japan), Ebersp?cher (Germany), Panasonic Holdings Corporation (Japan), and LG Energy Solution, Ltd. (South Korea).
Research Coverage
This report covers the battery management system market in detail, with segmentation based on type, battery type, topology, application, and region. The type segment includes motive battery and stationary battery type. The battery types include lithium-ion, lead-acid, nickel-based batteries, and others. The topology segment includes centralized, modular, and distributed topologies. Further, automotive, industrial, renewable energy, telecommunications, military & defense, and other applications of battery management systems have been covered in this report. The market has also been segmented into four regions—North America, Asia Pacific, Europe, and RoW.
Key Benefits of Buying the Report:
The report would help market leaders/new entrants in this market in the following ways:
- This report comprehensively segments the battery management system market and provides the closest approximation of the overall market size and subsegments that include type, battery type, topology, application, and region.
- The report would help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities pertaining to the battery management system market.
- This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business.
- The competitive landscape section includes the competitor ecosystem and growth strategies, such as product launches and acquisitions conducted by major market players.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 BATTERY MANAGEMENT SYSTEM MARKET SEGMENTATION
1.3.2 REGIONS COVERED
FIGURE 2 BATTERY MANAGEMENT SYSTEM MARKET: REGIONAL SEGMENTATION
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 3 RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
FIGURE 4 RESEARCH APPROACH
2.1.2 SECONDARY DATA
2.1.2.1 Key secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Primary interviews with experts
2.1.3.2 Key data from primary sources
2.1.3.3 Key industry insights
2.1.3.4 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approaches to determining market size by bottom-up analysis
FIGURE 5 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approaches to determining market size by top-down analysis
FIGURE 6 TOP-DOWN APPROACH
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY THROUGH SUPPLY-SIDE ANALYSIS
2.3 DATA TRIANGULATION
FIGURE 8 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
FIGURE 9 RESEARCH ASSUMPTIONS
2.5 APPROACHES TO UNDERSTANDING IMPACT OF RECESSION ON BATTERY MANAGEMENT SYSTEM MARKET
2.6 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
FIGURE 10 MOTIVE BATTERIES TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 11 LITHIUM-ION BATTERY TYPE TO HOLD LARGEST MARKET SHARE BY 2028
FIGURE 12 AUTOMOTIVE TO SURPASS OTHER APPLICATION SEGMENTS BETWEEN 2023 TO 2028
FIGURE 13 ASIA PACIFIC HELD LARGEST MARKET SHARE IN 2022
3.1 BATTERY MANAGEMENT SYSTEM MARKET: IMPACT OF RECESSION
FIGURE 14 GDP GROWTH PROJECTION TILL 2023 FOR MAJOR ECONOMIES
FIGURE 15 IMPACT OF RECESSION ON BATTERY MANAGEMENT SYSTEM MARKET
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN BATTERY MANAGEMENT SYSTEM MARKET
FIGURE 16 GROWING ELECTRIC VEHICLE MARKET TO FUEL DEMAND FOR BATTERY MANAGEMENT SYSTEMS DURING FORECAST PERIOD
4.2 BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE
FIGURE 17 MOTIVE BATTERIES TO ACCOUNT FOR LARGEST MARKET SHARE BY 2028
4.3 BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE
FIGURE 18 LITHIUM-ION TO SURPASS OTHER BATTERY TYPE SEGMENTS DURING FORECAST PERIOD
4.4 BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY
FIGURE 19 MODULAR SEGMENT TO COMMAND LEADING POSITION BETWEEN 2023 TO 2028
4.5 BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION
FIGURE 20 AUTOMOTIVE TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
4.6 BATTERY MANAGEMENT SYSTEM MARKET IN NORTH AMERICA, BY COUNTRY AND APPLICATION
FIGURE 21 AUTOMOTIVE AND US TO BE LARGEST SHAREHOLDERS IN NORTH AMERICA
4.7 BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY
FIGURE 22 CHINA AND GERMANY TO EXHIBIT HIGHEST CAGR IN BATTERY MANAGEMENT SYSTEM MARKET BY 2028
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 23 BATTERY MANAGEMENT SYSTEM MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Growing penetration of electric vehicles
FIGURE 24 ELECTRIC VEHICLE STOCK, BY COUNTRY/REGION, 2010–2020 (MILLION UNITS)
5.2.1.2 High demand for battery monitoring solutions in renewable energy sector
5.2.1.3 Need for effective power grid management
FIGURE 25 BATTERY MANAGEMENT SYSTEM MARKET: IMPACT OF DRIVERS
5.2.2 RESTRAINTS
5.2.2.1 Lack of standardization in battery management solutions
FIGURE 26 BATTERY MANAGEMENT SYSTEM MARKET: IMPACT OF RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing electrification of public transportation
5.2.3.2 Rising demand from data centers
5.2.3.3 Supportive government initiatives for electric vehicles
5.2.3.4 Advantages of wireless battery management systems
FIGURE 27 BATTERY MANAGEMENT SYSTEM MARKET: IMPACT OF OPPORTUNITIES
5.2.4 CHALLENGES
5.2.4.1 Complex designing process
5.2.4.2 Impact of external factors on performance
FIGURE 28 BATTERY MANAGEMENT SYSTEM MARKET: IMPACT OF CHALLENGES
5.3 VALUE CHAIN ANALYSIS
FIGURE 29 VALUE CHAIN ANALYSIS
5.4 ECOSYSTEM ANALYSIS
FIGURE 30 ECOSYSTEM ANALYSIS
TABLE 1 BATTERY MANAGEMENT SYSTEM MARKET ECOSYSTEM
5.5 PRICING ANALYSIS
FIGURE 31 AVERAGE SELLING PRICE OF BATTERY MANAGEMENT SYSTEMS (USD)
TABLE 2 AVERAGE SELLING PRICE OF BATTERY MANAGEMENT SYSTEMS (USD)
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESSES
FIGURE 32 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN BATTERY MANAGEMENT SYSTEM MARKET
5.7 TECHNOLOGY ANALYSIS
5.7.1 ARTIFICIAL INTELLIGENCE
5.7.2 DIGITAL TWIN
5.8 PORTER’S FIVE FORCES ANALYSIS
TABLE 3 BATTERY MANAGEMENT SYSTEM MARKET: PORTER’S FIVE FORCES, 2022
5.9 KEY STAKEHOLDERS AND BUYING CRITERIA
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
TABLE 4 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)
5.9.2 BUYING CRITERIA
FIGURE 34 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
TABLE 5 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
5.10 CASE STUDY ANALYSIS
TABLE 6 CASE STUDY 1: STATE-OF-THE-ART PRT SYSTEM TO TACKLE PUBLIC TRANSPORT ISSUES
TABLE 7 CASE STUDY 2: LEAD BATTERIES AND BATTERY MANAGEMENT SYSTEMS TO MANAGE MICROGRID
TABLE 8 CASE STUDY 3: DESIGNING RELIABLE BATTERY MANAGEMENT SYSTEMS TO OVERCOME COMMON ERRORS
5.11 TRADE ANALYSIS
FIGURE 35 IMPORT OF LITHIUM CELLS AND BATTERIES, BY COUNTRY, 2017–2021 (USD MILLION)
FIGURE 36 EXPORT OF LITHIUM CELLS AND BATTERIES, BY COUNTRY, 2017–2021 (USD MILLION)
5.12 PATENT ANALYSIS
FIGURE 37 COMPANIES WITH MAXIMUM PATENT APPLICATIONS
TABLE 9 TOP 20 PATENT OWNERS IN US
FIGURE 38 NUMBER OF PATENTS GRANTED PER YEAR, 2012–2021
TABLE 10 BATTERY MANAGEMENT SYSTEM MARKET: PATENTS, 2021–2022
5.13 KEY CONFERENCES AND EVENTS, 2022–2024
TABLE 11 BATTERY MANAGEMENT SYSTEM MARKET: CONFERENCES AND EVENTS, 2022–2024
5.14 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 14 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 15 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.15 REGULATORY LANDSCAPE
TABLE 16 STANDARDS RELATED TO BATTERY MANAGEMENT SYSTEMS
6 BATTERY MANAGEMENT SYSTEM, BY COMPONENT
6.1 INTRODUCTION
FIGURE 39 BATTERY MANAGEMENT SYSTEM MARKET, BY COMPONENT
6.2 HARDWARE
6.2.1 BATTERY CONTROL UNITS
6.2.2 POWER MANAGEMENT COMPONENTS
6.2.3 COMMUNICATION COMPONENTS
6.3 SOFTWARE
7 BATTERY MANAGEMENT SYSTEM MARKET, BY SYSTEM TYPE
7.1 INTRODUCTION
FIGURE 40 BATTERY MANAGEMENT SYSTEM MARKET, BY SYSTEM TYPE
7.2 STANDALONE BMS
7.3 INTEGRATED BMS
8 BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE
8.1 INTRODUCTION
FIGURE 41 BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE
FIGURE 42 MOTIVE BATTERIES TO ACQUIRE HIGHEST SHARE DURING FORECAST PERIOD
TABLE 17 BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 18 BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2023–2028 (USD MILLION)
8.2 MOTIVE BATTERIES
8.2.1 INCREASING DEMAND FROM AUTOMOTIVE SECTOR
TABLE 19 MOTIVE BATTERIES: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 20 MOTIVE BATTERIES: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
8.3 STATIONARY BATTERIES
8.3.1 WIDESCALE USE IN ENERGY STORAGE APPLICATIONS
TABLE 21 STATIONARY BATTERIES: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 22 STATIONARY BATTERIES: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
9 BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE
9.1 INTRODUCTION
FIGURE 43 BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE
FIGURE 44 LITHIUM-ION TO HOLD LARGEST MARKET DURING FORECAST PERIOD
TABLE 23 BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)
TABLE 24 BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2023–2028 (USD MILLION)
9.2 LITHIUM-ION
9.2.1 GROWING POPULARITY OF ELECTRIC VEHICLES WORLDWIDE
TABLE 25 COMPARISON: LITHIUM-ION BATTERIES VS. LEAD-ACID BATTERIES
FIGURE 45 BEV AND PHEV SALES, BY REGION/COUNTRY, 2020–2021 (THOUSAND UNITS)
TABLE 26 LITHIUM-ION: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 27 LITHIUM-ION: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
9.3 LEAD-ACID
9.3.1 HIGH DEMAND FROM RENEWABLE ENERGY SECTOR
TABLE 28 LEAD-ACID: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 29 LEAD-ACID: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
9.4 NICKEL-BASED
9.4.1 EXTENSIVE USE IN AUTOMOTIVE SECTOR
TABLE 30 NICKEL-BASED: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 31 NICKEL-BASED: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
9.5 OTHER BATTERIES
9.5.1 SOLID-STATE BATTERIES
9.5.1.1 Heavy investments by automakers
9.5.2 FLOW BATTERIES
9.5.2.1 Use in high-energy storage applications
TABLE 32 OTHER BATTERIES: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 33 OTHER BATTERIES: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
10 BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY
10.1 INTRODUCTION
FIGURE 46 BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY
FIGURE 47 MODULAR TOPOLOGY TO HOLD LARGEST MARKET FROM 2023 TO 2028
TABLE 34 BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2019–2022 (USD MILLION)
TABLE 35 BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2023–2028 (USD MILLION)
10.2 MODULAR
10.2.1 SUPERIOR COMPUTATIONAL POWER AND ENHANCED SAFETY
TABLE 36 MODULAR TOPOLOGY: ADVANTAGES AND DISADVANTAGES
FIGURE 48 TYPICAL STRUCTURE OF MODULAR BATTERY MANAGEMENT SYSTEM
TABLE 37 MODULAR: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 38 MODULAR: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 39 MODULAR: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 40 MODULAR: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
10.3 CENTRALIZED
10.3.1 USE IN MEDIUM POWER APPLICATIONS
TABLE 41 CENTRALIZED TOPOLOGY: ADVANTAGES AND DISADVANTAGES
FIGURE 49 TYPICAL STRUCTURE OF CENTRALIZED BATTERY MANAGEMENT SYSTEM
TABLE 42 CENTRALIZED: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 43 CENTRALIZED: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 44 CENTRALIZED: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 45 CENTRALIZED: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
10.4 DISTRIBUTED
10.4.1 SIMPLE DESIGN AND HIGH RELIABILITY
TABLE 46 DISTRIBUTED TOPOLOGY: ADVANTAGES AND DISADVANTAGES
FIGURE 50 TYPICAL STRUCTURE OF DISTRIBUTED BATTERY MANAGEMENT SYSTEM
TABLE 47 DISTRIBUTED: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 48 DISTRIBUTED: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 49 DISTRIBUTED: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 50 DISTRIBUTED: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
11 BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION
11.1 INTRODUCTION
FIGURE 51 BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION
FIGURE 52 AUTOMOTIVE TO SURPASS OTHER APPLICATION SEGMENTS BY 2028
TABLE 51 BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 52 BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.2 AUTOMOTIVE
11.2.1 GROWING PREFERENCE FOR ELECTRIC VEHICLES
FIGURE 53 GLOBAL EV OUTLOOK, 2020–2030 (MILLION UNITS)
11.2.1.1 Passenger vehicles
11.2.1.1.1 Battery electric vehicles
11.2.1.1.2 Plug-in hybrid electric vehicles
11.2.1.2 Commercial vehicles
11.2.1.3 Other vehicles
TABLE 53 AUTOMOTIVE: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2019–2022 (USD MILLION)
TABLE 54 AUTOMOTIVE: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2023–2028 (USD MILLION)
TABLE 55 AUTOMOTIVE: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 56 AUTOMOTIVE: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
11.3 INDUSTRIAL
11.3.1 INCREASED DEMAND FOR ELECTRIC-POWERED EQUIPMENT
TABLE 57 INDUSTRIAL: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2019–2022 (USD MILLION)
TABLE 58 INDUSTRIAL: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2023–2028 (USD MILLION)
TABLE 59 INDUSTRIAL: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 60 INDUSTRIAL: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
11.4 RENEWABLE ENERGY
11.4.1 HIGH ADOPTION OF RENEWABLE ENERGY SOURCES
TABLE 61 TOP 10 COUNTRIES BY TOTAL INSTALLED PV CAPACITY, 2021
TABLE 62 RENEWABLE ENERGY: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2019–2022 (USD MILLION)
TABLE 63 RENEWABLE ENERGY: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2023–2028 (USD MILLION)
TABLE 64 RENEWABLE ENERGY: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 65 RENEWABLE ENERGY: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
11.5 TELECOMMUNICATIONS
11.5.1 INCREASED INVESTMENTS BY REGIONAL AUTHORITIES
TABLE 66 TELECOMMUNICATIONS: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2019–2022 (USD MILLION)
TABLE 67 TELECOMMUNICATIONS: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2023–2028 (USD MILLION)
TABLE 68 TELECOMMUNICATIONS: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 69 TELECOMMUNICATIONS: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
11.6 MILITARY & DEFENSE
11.6.1 NEED FOR RELIABLE AND UNINTERRUPTED POWER
TABLE 70 MILITARY & DEFENSE: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2019–2022 (USD MILLION)
TABLE 71 MILITARY & DEFENSE: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2023–2028 (USD MILLION)
TABLE 72 MILITARY & DEFENSE: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 73 MILITARY & DEFENSE: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
11.7 OTHER APPLICATIONS
TABLE 74 OTHER APPLICATIONS: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2019–2022 (USD MILLION)
TABLE 75 OTHER APPLICATIONS: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2023–2028 (USD MILLION)
TABLE 76 OTHER APPLICATIONS: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 77 OTHER APPLICATIONS: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
12 BATTERY MANAGEMENT SYSTEM MARKET, BY REGION
12.1 INTRODUCTION
FIGURE 54 BATTERY MANAGEMENT SYSTEM MARKET, BY REGION
FIGURE 55 GERMANY AND CHINA TO BE HIGHEST-GROWING MARKETS FOR BATTERY MANAGEMENT SYSTEMS BY 2028
TABLE 78 BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 79 BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
12.2 NORTH AMERICA
FIGURE 56 NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET SNAPSHOT
FIGURE 57 US TO ACQUIRE LARGEST MARKET SHARE IN NORTH AMERICA BY 2028
TABLE 80 NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 81 NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 82 NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 83 NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 84 NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)
TABLE 85 NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2023–2028 (USD MILLION)
TABLE 86 NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2019–2022 (USD MILLION)
TABLE 87 NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2023–2028 (USD MILLION)
TABLE 88 NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 89 NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
12.2.1 US
12.2.1.1 Increased investments in battery manufacturing
12.2.2 CANADA
12.2.2.1 Focus on strengthening battery supply chain
12.2.3 MEXICO
12.2.3.1 Growth in manufacturing industry
12.3 EUROPE
FIGURE 58 EUROPE: BATTERY MANAGEMENT SYSTEM MARKET SNAPSHOT
FIGURE 59 GERMANY TO SURPASS OTHER EUROPEAN REGIONS IN BATTERY MANAGEMENT SYSTEM MARKET
TABLE 90 EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 91 EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 92 EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 93 EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 94 EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)
TABLE 95 EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2023–2028 (USD MILLION)
TABLE 96 EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2019–2022 (USD MILLION)
TABLE 97 EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2023–2028 (USD MILLION)
TABLE 98 EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 99 EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
12.3.1 GERMANY
12.3.1.1 Presence of prominent automakers
12.3.2 FRANCE
12.3.2.1 Favorable government initiatives and investments
12.3.3 UK
12.3.3.1 Focus on transportation electrification
12.3.4 REST OF EUROPE
12.4 ASIA PACIFIC
FIGURE 60 ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET SNAPSHOT
FIGURE 61 CHINA TO OWN LEADING MARKET POSITION DURING FORECAST PERIOD
TABLE 100 ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 101 ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 102 ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 103 ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 104 ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)
TABLE 105 ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2023–2028 (USD MILLION)
TABLE 106 ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2019–2022 (USD MILLION)
TABLE 107 ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2023–2028 (USD MILLION)
TABLE 108 ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 109 ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
12.4.1 CHINA
12.4.1.1 High demand for electric vehicles
12.4.2 JAPAN
12.4.2.1 Largescale domestic battery production
12.4.3 INDIA
12.4.3.1 Advances in electric vehicle market
12.4.4 SOUTH KOREA
12.4.4.1 Government subsidies for EV and battery manufacturers
12.4.5 REST OF ASIA PACIFIC
12.5 ROW
FIGURE 62 SOUTH AMERICA TO COMMAND MAXIMUM SHARE OF ROW DURING FORECAST PERIOD
TABLE 110 ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 111 ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 112 ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 113 ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 114 ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)
TABLE 115 ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2023–2028 (USD MILLION)
TABLE 116 ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2019–2022 (USD MILLION)
TABLE 117 ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2023–2028 (USD MILLION)
TABLE 118 ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 119 ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
12.5.1 MIDDLE EAST
12.5.1.1 Increased funding in renewable energy sources
12.5.2 AFRICA
12.5.2.1 Largescale lithium reserves
12.5.3 SOUTH AMERICA
12.5.3.1 Presence of developing economies
13 COMPETITIVE LANDSCAPE
13.1 INTRODUCTION
13.2 KEY PLAYER STRATEGIES
TABLE 120 STRATEGIES ADOPTED BY KEY PLAYERS IN BATTERY MANAGEMENT SYSTEM MARKET
13.3 TOP FIVE COMPANY REVENUE ANALYSIS
FIGURE 63 BATTERY MANAGEMENT SYSTEM MARKET: REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2017–2021
13.4 MARKET SHARE ANALYSIS, 2022
TABLE 121 BATTERY MANAGEMENT SYSTEM MARKET SHARE ANALYSIS (2022)
13.5 COMPANY EVALUATION QUADRANT, 2022
13.5.1 STARS
13.5.2 EMERGING LEADERS
13.5.3 PERVASIVE PLAYERS
13.5.4 PARTICIPANTS
FIGURE 64 BATTERY MANAGEMENT SYSTEM MARKET: COMPANY EVALUATION QUADRANT, 2022
13.6 SMALL AND MEDIUM ENTERPRISES EVALUATION QUADRANT, 2022
13.6.1 PROGRESSIVE COMPANIES
13.6.2 RESPONSIVE COMPANIES
13.6.3 DYNAMIC COMPANIES
13.6.4 STARTING BLOCKS
FIGURE 65 BATTERY MANAGEMENT SYSTEM MARKET, SME EVALUATION QUADRANT, 2022
13.7 BATTERY MANAGEMENT SYSTEM MARKET: COMPANY FOOTPRINT
TABLE 122 BATTERY MANAGEMENT SYSTEM MARKET: COMPANY FOOTPRINT, 2022
TABLE 123 BATTERY MANAGEMENT SYSTEM MARKET: APPLICATION FOOTPRINT, 2022
TABLE 124 BATTERY MANAGEMENT SYSTEM MARKET: REGIONAL FOOTPRINT, 2022
13.8 COMPETITIVE BENCHMARKING
TABLE 125 BATTERY MANAGEMENT SYSTEM MARKET: KEY STARTUPS/SMES
TABLE 126 BATTERY MANAGEMENT SYSTEM MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
13.9 COMPETITIVE SCENARIO
13.9.1 PRODUCT LAUNCHES
13.9.2 DEALS
14 COMPANY PROFILES
14.1 KEY PLAYERS
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*
14.1.1 EBERSP?CHER
TABLE 127 EBERSP?CHER: BUSINESS OVERVIEW
FIGURE 66 EBERSP?CHER: COMPANY SNAPSHOT
TABLE 128 EBERSP?CHER: PRODUCTS OFFERED
14.1.2 PANASONIC HOLDINGS CORPORATION
TABLE 129 PANASONIC HOLDINGS CORPORATION: BUSINESS OVERVIEW
FIGURE 67 PANASONIC HOLDINGS CORPORATION: COMPANY SNAPSHOT
TABLE 130 PANASONIC HOLDINGS CORPORATION: PRODUCTS OFFERED
TABLE 131 PANASONIC HOLDINGS CORPORATION: PRODUCT LAUNCHES
14.1.3 RENESAS ELECTRONICS CORPORATION
TABLE 132 RENESAS ELECTRONICS CORPORATION: BUSINESS OVERVIEW
FIGURE 68 RENESAS ELECTRONICS CORPORATION: COMPANY SNAPSHOT
TABLE 133 RENESAS ELECTRONICS CORPORATION: PRODUCTS OFFERED
TABLE 134 RENESAS ELECTRONICS CORPORATION: PRODUCT LAUNCHES
14.1.4 SENSATA TECHNOLOGIES, INC.
TABLE 135 SENSATA TECHNOLOGIES, INC.: BUSINESS OVERVIEW
FIGURE 69 SENSATA TECHNOLOGIES, INC.: COMPANY SNAPSHOT
TABLE 136 SENSATA TECHNOLOGIES, INC.: PRODUCTS OFFERED
TABLE 137 SENSATA TECHNOLOGIES, INC.: PRODUCT LAUNCHES
TABLE 138 SENSATA TECHNOLOGIES, INC.: DEALS
14.1.5 TEXAS INSTRUMENTS
TABLE 139 TEXAS INSTRUMENTS: BUSINESS OVERVIEW
FIGURE 70 TEXAS INSTRUMENTS: COMPANY SNAPSHOT
TABLE 140 TEXAS INSTRUMENTS: PRODUCTS OFFERED
TABLE 141 TEXAS INSTRUMENTS: PRODUCT LAUNCHES
14.1.6 ANALOG DEVICES, INC.
TABLE 142 ANALOG DEVICES, INC.: BUSINESS OVERVIEW
FIGURE 71 ANALOG DEVICES, INC.: COMPANY SNAPSHOT
TABLE 143 ANALOG DEVICES, INC.: PRODUCTS OFFERED
TABLE 144 ANALOG DEVICES, INC.: PRODUCT LAUNCHES
14.1.7 INFINEON TECHNOLOGIES AG
TABLE 145 INFINEON TECHNOLOGIES AG: BUSINESS OVERVIEW
FIGURE 72 INFINEON TECHNOLOGIES AG: COMPANY SNAPSHOT
TABLE 146 INFINEON TECHNOLOGIES AG: PRODUCTS OFFERED
TABLE 147 INFINEON TECHNOLOGIES AG: PRODUCT LAUNCHES
TABLE 148 INFINEON TECHNOLOGIES AG: DEALS
14.1.8 LG ENERGY SOLUTION, LTD.
TABLE 149 LG ENERGY SOLUTION, LTD.: BUSINESS OVERVIEW
FIGURE 73 LG ENERGY SOLUTION, LTD.: COMPANY SNAPSHOT
TABLE 150 LG ENERGY SOLUTION, LTD.: PRODUCTS OFFERED
TABLE 151 LG ENERGY SOLUTION, LTD.: DEALS
14.1.9 NXP SEMICONDUCTORS N.V.
TABLE 152 NXP SEMICONDUCTORS N.V.: BUSINESS OVERVIEW
FIGURE 74 NXP SEMICONDUCTORS N.V.: COMPANY SNAPSHOT
TABLE 153 NXP SEMICONDUCTORS N.V.: PRODUCTS OFFERED
TABLE 154 NXP SEMICONDUCTORS N.V.: PRODUCT LAUNCHES
TABLE 155 NXP SEMICONDUCTORS N.V.: DEALS
14.1.10 STMICROELECTRONICS
TABLE 156 STMICROELECTRONICS: BUSINESS OVERVIEW
FIGURE 75 STMICROELECTRONICS: COMPANY SNAPSHOT
TABLE 157 STMICROELECTRONICS: PRODUCTS OFFERED
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.
14.2 OTHER IMPORTANT PLAYERS
14.2.1 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED
14.2.2 BYD COMPANY LIMITED
14.2.3 SK INNOVATION CO., LTD.
14.3 OTHER PLAYERS
14.3.1 AMP
14.3.2 AVL LIST GMBH
14.3.3 BMS POWERSAFE
14.3.4 ELITHION, INC.
14.3.5 EWERT ENERGY SYSTEMS, INC.
14.3.6 EXPONENTIAL POWER, INC.
14.3.7 FICOSA GROUP
14.3.8 FUTAVIS GMBH
14.3.9 HANGZHOU XIENENG TECHNOLOGY CO., LTD.
14.3.10 LECLANCHE SA
14.3.11 NUVATION ENGINEERING
14.3.12 POWERTECH SYSTEMS
14.3.13 RICARDO
14.3.14 ROBOTEQ
14.3.15 TRONICO
14.3.16 XING MOBILITY
15 ADJACENT AND RELATED MARKETS
15.1 INTRODUCTION
15.2 BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION
TABLE 158 BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 159 BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
15.3 NORTH AMERICA
15.3.1 US
15.3.1.1 Increasing adoption of large-scale battery storage systems in power grids
15.3.2 CANADA
15.3.2.1 Growing focus on advancements in battery energy storage technology
15.3.3 MEXICO
15.3.3.1 Rising demand for electricity
16 APPENDIX
16.1 INSIGHTS FROM INDUSTRY EXPERTS
16.2 DISCUSSION GUIDE
16.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
16.4 CUSTOMIZATION OPTIONS
16.5 RELATED REPORTS
16.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 BATTERY MANAGEMENT SYSTEM MARKET SEGMENTATION
1.3.2 REGIONS COVERED
FIGURE 2 BATTERY MANAGEMENT SYSTEM MARKET: REGIONAL SEGMENTATION
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 3 RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
FIGURE 4 RESEARCH APPROACH
2.1.2 SECONDARY DATA
2.1.2.1 Key secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Primary interviews with experts
2.1.3.2 Key data from primary sources
2.1.3.3 Key industry insights
2.1.3.4 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approaches to determining market size by bottom-up analysis
FIGURE 5 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approaches to determining market size by top-down analysis
FIGURE 6 TOP-DOWN APPROACH
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY THROUGH SUPPLY-SIDE ANALYSIS
2.3 DATA TRIANGULATION
FIGURE 8 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
FIGURE 9 RESEARCH ASSUMPTIONS
2.5 APPROACHES TO UNDERSTANDING IMPACT OF RECESSION ON BATTERY MANAGEMENT SYSTEM MARKET
2.6 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
FIGURE 10 MOTIVE BATTERIES TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 11 LITHIUM-ION BATTERY TYPE TO HOLD LARGEST MARKET SHARE BY 2028
FIGURE 12 AUTOMOTIVE TO SURPASS OTHER APPLICATION SEGMENTS BETWEEN 2023 TO 2028
FIGURE 13 ASIA PACIFIC HELD LARGEST MARKET SHARE IN 2022
3.1 BATTERY MANAGEMENT SYSTEM MARKET: IMPACT OF RECESSION
FIGURE 14 GDP GROWTH PROJECTION TILL 2023 FOR MAJOR ECONOMIES
FIGURE 15 IMPACT OF RECESSION ON BATTERY MANAGEMENT SYSTEM MARKET
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN BATTERY MANAGEMENT SYSTEM MARKET
FIGURE 16 GROWING ELECTRIC VEHICLE MARKET TO FUEL DEMAND FOR BATTERY MANAGEMENT SYSTEMS DURING FORECAST PERIOD
4.2 BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE
FIGURE 17 MOTIVE BATTERIES TO ACCOUNT FOR LARGEST MARKET SHARE BY 2028
4.3 BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE
FIGURE 18 LITHIUM-ION TO SURPASS OTHER BATTERY TYPE SEGMENTS DURING FORECAST PERIOD
4.4 BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY
FIGURE 19 MODULAR SEGMENT TO COMMAND LEADING POSITION BETWEEN 2023 TO 2028
4.5 BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION
FIGURE 20 AUTOMOTIVE TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
4.6 BATTERY MANAGEMENT SYSTEM MARKET IN NORTH AMERICA, BY COUNTRY AND APPLICATION
FIGURE 21 AUTOMOTIVE AND US TO BE LARGEST SHAREHOLDERS IN NORTH AMERICA
4.7 BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY
FIGURE 22 CHINA AND GERMANY TO EXHIBIT HIGHEST CAGR IN BATTERY MANAGEMENT SYSTEM MARKET BY 2028
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 23 BATTERY MANAGEMENT SYSTEM MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Growing penetration of electric vehicles
FIGURE 24 ELECTRIC VEHICLE STOCK, BY COUNTRY/REGION, 2010–2020 (MILLION UNITS)
5.2.1.2 High demand for battery monitoring solutions in renewable energy sector
5.2.1.3 Need for effective power grid management
FIGURE 25 BATTERY MANAGEMENT SYSTEM MARKET: IMPACT OF DRIVERS
5.2.2 RESTRAINTS
5.2.2.1 Lack of standardization in battery management solutions
FIGURE 26 BATTERY MANAGEMENT SYSTEM MARKET: IMPACT OF RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing electrification of public transportation
5.2.3.2 Rising demand from data centers
5.2.3.3 Supportive government initiatives for electric vehicles
5.2.3.4 Advantages of wireless battery management systems
FIGURE 27 BATTERY MANAGEMENT SYSTEM MARKET: IMPACT OF OPPORTUNITIES
5.2.4 CHALLENGES
5.2.4.1 Complex designing process
5.2.4.2 Impact of external factors on performance
FIGURE 28 BATTERY MANAGEMENT SYSTEM MARKET: IMPACT OF CHALLENGES
5.3 VALUE CHAIN ANALYSIS
FIGURE 29 VALUE CHAIN ANALYSIS
5.4 ECOSYSTEM ANALYSIS
FIGURE 30 ECOSYSTEM ANALYSIS
TABLE 1 BATTERY MANAGEMENT SYSTEM MARKET ECOSYSTEM
5.5 PRICING ANALYSIS
FIGURE 31 AVERAGE SELLING PRICE OF BATTERY MANAGEMENT SYSTEMS (USD)
TABLE 2 AVERAGE SELLING PRICE OF BATTERY MANAGEMENT SYSTEMS (USD)
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESSES
FIGURE 32 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN BATTERY MANAGEMENT SYSTEM MARKET
5.7 TECHNOLOGY ANALYSIS
5.7.1 ARTIFICIAL INTELLIGENCE
5.7.2 DIGITAL TWIN
5.8 PORTER’S FIVE FORCES ANALYSIS
TABLE 3 BATTERY MANAGEMENT SYSTEM MARKET: PORTER’S FIVE FORCES, 2022
5.9 KEY STAKEHOLDERS AND BUYING CRITERIA
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
TABLE 4 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)
5.9.2 BUYING CRITERIA
FIGURE 34 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
TABLE 5 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
5.10 CASE STUDY ANALYSIS
TABLE 6 CASE STUDY 1: STATE-OF-THE-ART PRT SYSTEM TO TACKLE PUBLIC TRANSPORT ISSUES
TABLE 7 CASE STUDY 2: LEAD BATTERIES AND BATTERY MANAGEMENT SYSTEMS TO MANAGE MICROGRID
TABLE 8 CASE STUDY 3: DESIGNING RELIABLE BATTERY MANAGEMENT SYSTEMS TO OVERCOME COMMON ERRORS
5.11 TRADE ANALYSIS
FIGURE 35 IMPORT OF LITHIUM CELLS AND BATTERIES, BY COUNTRY, 2017–2021 (USD MILLION)
FIGURE 36 EXPORT OF LITHIUM CELLS AND BATTERIES, BY COUNTRY, 2017–2021 (USD MILLION)
5.12 PATENT ANALYSIS
FIGURE 37 COMPANIES WITH MAXIMUM PATENT APPLICATIONS
TABLE 9 TOP 20 PATENT OWNERS IN US
FIGURE 38 NUMBER OF PATENTS GRANTED PER YEAR, 2012–2021
TABLE 10 BATTERY MANAGEMENT SYSTEM MARKET: PATENTS, 2021–2022
5.13 KEY CONFERENCES AND EVENTS, 2022–2024
TABLE 11 BATTERY MANAGEMENT SYSTEM MARKET: CONFERENCES AND EVENTS, 2022–2024
5.14 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 14 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 15 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.15 REGULATORY LANDSCAPE
TABLE 16 STANDARDS RELATED TO BATTERY MANAGEMENT SYSTEMS
6 BATTERY MANAGEMENT SYSTEM, BY COMPONENT
6.1 INTRODUCTION
FIGURE 39 BATTERY MANAGEMENT SYSTEM MARKET, BY COMPONENT
6.2 HARDWARE
6.2.1 BATTERY CONTROL UNITS
6.2.2 POWER MANAGEMENT COMPONENTS
6.2.3 COMMUNICATION COMPONENTS
6.3 SOFTWARE
7 BATTERY MANAGEMENT SYSTEM MARKET, BY SYSTEM TYPE
7.1 INTRODUCTION
FIGURE 40 BATTERY MANAGEMENT SYSTEM MARKET, BY SYSTEM TYPE
7.2 STANDALONE BMS
7.3 INTEGRATED BMS
8 BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE
8.1 INTRODUCTION
FIGURE 41 BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE
FIGURE 42 MOTIVE BATTERIES TO ACQUIRE HIGHEST SHARE DURING FORECAST PERIOD
TABLE 17 BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 18 BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2023–2028 (USD MILLION)
8.2 MOTIVE BATTERIES
8.2.1 INCREASING DEMAND FROM AUTOMOTIVE SECTOR
TABLE 19 MOTIVE BATTERIES: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 20 MOTIVE BATTERIES: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
8.3 STATIONARY BATTERIES
8.3.1 WIDESCALE USE IN ENERGY STORAGE APPLICATIONS
TABLE 21 STATIONARY BATTERIES: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 22 STATIONARY BATTERIES: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
9 BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE
9.1 INTRODUCTION
FIGURE 43 BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE
FIGURE 44 LITHIUM-ION TO HOLD LARGEST MARKET DURING FORECAST PERIOD
TABLE 23 BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)
TABLE 24 BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2023–2028 (USD MILLION)
9.2 LITHIUM-ION
9.2.1 GROWING POPULARITY OF ELECTRIC VEHICLES WORLDWIDE
TABLE 25 COMPARISON: LITHIUM-ION BATTERIES VS. LEAD-ACID BATTERIES
FIGURE 45 BEV AND PHEV SALES, BY REGION/COUNTRY, 2020–2021 (THOUSAND UNITS)
TABLE 26 LITHIUM-ION: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 27 LITHIUM-ION: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
9.3 LEAD-ACID
9.3.1 HIGH DEMAND FROM RENEWABLE ENERGY SECTOR
TABLE 28 LEAD-ACID: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 29 LEAD-ACID: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
9.4 NICKEL-BASED
9.4.1 EXTENSIVE USE IN AUTOMOTIVE SECTOR
TABLE 30 NICKEL-BASED: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 31 NICKEL-BASED: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
9.5 OTHER BATTERIES
9.5.1 SOLID-STATE BATTERIES
9.5.1.1 Heavy investments by automakers
9.5.2 FLOW BATTERIES
9.5.2.1 Use in high-energy storage applications
TABLE 32 OTHER BATTERIES: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 33 OTHER BATTERIES: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
10 BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY
10.1 INTRODUCTION
FIGURE 46 BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY
FIGURE 47 MODULAR TOPOLOGY TO HOLD LARGEST MARKET FROM 2023 TO 2028
TABLE 34 BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2019–2022 (USD MILLION)
TABLE 35 BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2023–2028 (USD MILLION)
10.2 MODULAR
10.2.1 SUPERIOR COMPUTATIONAL POWER AND ENHANCED SAFETY
TABLE 36 MODULAR TOPOLOGY: ADVANTAGES AND DISADVANTAGES
FIGURE 48 TYPICAL STRUCTURE OF MODULAR BATTERY MANAGEMENT SYSTEM
TABLE 37 MODULAR: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 38 MODULAR: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 39 MODULAR: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 40 MODULAR: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
10.3 CENTRALIZED
10.3.1 USE IN MEDIUM POWER APPLICATIONS
TABLE 41 CENTRALIZED TOPOLOGY: ADVANTAGES AND DISADVANTAGES
FIGURE 49 TYPICAL STRUCTURE OF CENTRALIZED BATTERY MANAGEMENT SYSTEM
TABLE 42 CENTRALIZED: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 43 CENTRALIZED: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 44 CENTRALIZED: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 45 CENTRALIZED: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
10.4 DISTRIBUTED
10.4.1 SIMPLE DESIGN AND HIGH RELIABILITY
TABLE 46 DISTRIBUTED TOPOLOGY: ADVANTAGES AND DISADVANTAGES
FIGURE 50 TYPICAL STRUCTURE OF DISTRIBUTED BATTERY MANAGEMENT SYSTEM
TABLE 47 DISTRIBUTED: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 48 DISTRIBUTED: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 49 DISTRIBUTED: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 50 DISTRIBUTED: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
11 BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION
11.1 INTRODUCTION
FIGURE 51 BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION
FIGURE 52 AUTOMOTIVE TO SURPASS OTHER APPLICATION SEGMENTS BY 2028
TABLE 51 BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 52 BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.2 AUTOMOTIVE
11.2.1 GROWING PREFERENCE FOR ELECTRIC VEHICLES
FIGURE 53 GLOBAL EV OUTLOOK, 2020–2030 (MILLION UNITS)
11.2.1.1 Passenger vehicles
11.2.1.1.1 Battery electric vehicles
11.2.1.1.2 Plug-in hybrid electric vehicles
11.2.1.2 Commercial vehicles
11.2.1.3 Other vehicles
TABLE 53 AUTOMOTIVE: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2019–2022 (USD MILLION)
TABLE 54 AUTOMOTIVE: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2023–2028 (USD MILLION)
TABLE 55 AUTOMOTIVE: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 56 AUTOMOTIVE: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
11.3 INDUSTRIAL
11.3.1 INCREASED DEMAND FOR ELECTRIC-POWERED EQUIPMENT
TABLE 57 INDUSTRIAL: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2019–2022 (USD MILLION)
TABLE 58 INDUSTRIAL: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2023–2028 (USD MILLION)
TABLE 59 INDUSTRIAL: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 60 INDUSTRIAL: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
11.4 RENEWABLE ENERGY
11.4.1 HIGH ADOPTION OF RENEWABLE ENERGY SOURCES
TABLE 61 TOP 10 COUNTRIES BY TOTAL INSTALLED PV CAPACITY, 2021
TABLE 62 RENEWABLE ENERGY: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2019–2022 (USD MILLION)
TABLE 63 RENEWABLE ENERGY: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2023–2028 (USD MILLION)
TABLE 64 RENEWABLE ENERGY: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 65 RENEWABLE ENERGY: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
11.5 TELECOMMUNICATIONS
11.5.1 INCREASED INVESTMENTS BY REGIONAL AUTHORITIES
TABLE 66 TELECOMMUNICATIONS: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2019–2022 (USD MILLION)
TABLE 67 TELECOMMUNICATIONS: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2023–2028 (USD MILLION)
TABLE 68 TELECOMMUNICATIONS: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 69 TELECOMMUNICATIONS: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
11.6 MILITARY & DEFENSE
11.6.1 NEED FOR RELIABLE AND UNINTERRUPTED POWER
TABLE 70 MILITARY & DEFENSE: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2019–2022 (USD MILLION)
TABLE 71 MILITARY & DEFENSE: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2023–2028 (USD MILLION)
TABLE 72 MILITARY & DEFENSE: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 73 MILITARY & DEFENSE: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
11.7 OTHER APPLICATIONS
TABLE 74 OTHER APPLICATIONS: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2019–2022 (USD MILLION)
TABLE 75 OTHER APPLICATIONS: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2023–2028 (USD MILLION)
TABLE 76 OTHER APPLICATIONS: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 77 OTHER APPLICATIONS: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
12 BATTERY MANAGEMENT SYSTEM MARKET, BY REGION
12.1 INTRODUCTION
FIGURE 54 BATTERY MANAGEMENT SYSTEM MARKET, BY REGION
FIGURE 55 GERMANY AND CHINA TO BE HIGHEST-GROWING MARKETS FOR BATTERY MANAGEMENT SYSTEMS BY 2028
TABLE 78 BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 79 BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
12.2 NORTH AMERICA
FIGURE 56 NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET SNAPSHOT
FIGURE 57 US TO ACQUIRE LARGEST MARKET SHARE IN NORTH AMERICA BY 2028
TABLE 80 NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 81 NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 82 NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 83 NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 84 NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)
TABLE 85 NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2023–2028 (USD MILLION)
TABLE 86 NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2019–2022 (USD MILLION)
TABLE 87 NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2023–2028 (USD MILLION)
TABLE 88 NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 89 NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
12.2.1 US
12.2.1.1 Increased investments in battery manufacturing
12.2.2 CANADA
12.2.2.1 Focus on strengthening battery supply chain
12.2.3 MEXICO
12.2.3.1 Growth in manufacturing industry
12.3 EUROPE
FIGURE 58 EUROPE: BATTERY MANAGEMENT SYSTEM MARKET SNAPSHOT
FIGURE 59 GERMANY TO SURPASS OTHER EUROPEAN REGIONS IN BATTERY MANAGEMENT SYSTEM MARKET
TABLE 90 EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 91 EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 92 EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 93 EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 94 EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)
TABLE 95 EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2023–2028 (USD MILLION)
TABLE 96 EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2019–2022 (USD MILLION)
TABLE 97 EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2023–2028 (USD MILLION)
TABLE 98 EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 99 EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
12.3.1 GERMANY
12.3.1.1 Presence of prominent automakers
12.3.2 FRANCE
12.3.2.1 Favorable government initiatives and investments
12.3.3 UK
12.3.3.1 Focus on transportation electrification
12.3.4 REST OF EUROPE
12.4 ASIA PACIFIC
FIGURE 60 ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET SNAPSHOT
FIGURE 61 CHINA TO OWN LEADING MARKET POSITION DURING FORECAST PERIOD
TABLE 100 ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 101 ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 102 ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 103 ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 104 ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)
TABLE 105 ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2023–2028 (USD MILLION)
TABLE 106 ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2019–2022 (USD MILLION)
TABLE 107 ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2023–2028 (USD MILLION)
TABLE 108 ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 109 ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
12.4.1 CHINA
12.4.1.1 High demand for electric vehicles
12.4.2 JAPAN
12.4.2.1 Largescale domestic battery production
12.4.3 INDIA
12.4.3.1 Advances in electric vehicle market
12.4.4 SOUTH KOREA
12.4.4.1 Government subsidies for EV and battery manufacturers
12.4.5 REST OF ASIA PACIFIC
12.5 ROW
FIGURE 62 SOUTH AMERICA TO COMMAND MAXIMUM SHARE OF ROW DURING FORECAST PERIOD
TABLE 110 ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 111 ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 112 ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 113 ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 114 ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)
TABLE 115 ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2023–2028 (USD MILLION)
TABLE 116 ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2019–2022 (USD MILLION)
TABLE 117 ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2023–2028 (USD MILLION)
TABLE 118 ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 119 ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
12.5.1 MIDDLE EAST
12.5.1.1 Increased funding in renewable energy sources
12.5.2 AFRICA
12.5.2.1 Largescale lithium reserves
12.5.3 SOUTH AMERICA
12.5.3.1 Presence of developing economies
13 COMPETITIVE LANDSCAPE
13.1 INTRODUCTION
13.2 KEY PLAYER STRATEGIES
TABLE 120 STRATEGIES ADOPTED BY KEY PLAYERS IN BATTERY MANAGEMENT SYSTEM MARKET
13.3 TOP FIVE COMPANY REVENUE ANALYSIS
FIGURE 63 BATTERY MANAGEMENT SYSTEM MARKET: REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2017–2021
13.4 MARKET SHARE ANALYSIS, 2022
TABLE 121 BATTERY MANAGEMENT SYSTEM MARKET SHARE ANALYSIS (2022)
13.5 COMPANY EVALUATION QUADRANT, 2022
13.5.1 STARS
13.5.2 EMERGING LEADERS
13.5.3 PERVASIVE PLAYERS
13.5.4 PARTICIPANTS
FIGURE 64 BATTERY MANAGEMENT SYSTEM MARKET: COMPANY EVALUATION QUADRANT, 2022
13.6 SMALL AND MEDIUM ENTERPRISES EVALUATION QUADRANT, 2022
13.6.1 PROGRESSIVE COMPANIES
13.6.2 RESPONSIVE COMPANIES
13.6.3 DYNAMIC COMPANIES
13.6.4 STARTING BLOCKS
FIGURE 65 BATTERY MANAGEMENT SYSTEM MARKET, SME EVALUATION QUADRANT, 2022
13.7 BATTERY MANAGEMENT SYSTEM MARKET: COMPANY FOOTPRINT
TABLE 122 BATTERY MANAGEMENT SYSTEM MARKET: COMPANY FOOTPRINT, 2022
TABLE 123 BATTERY MANAGEMENT SYSTEM MARKET: APPLICATION FOOTPRINT, 2022
TABLE 124 BATTERY MANAGEMENT SYSTEM MARKET: REGIONAL FOOTPRINT, 2022
13.8 COMPETITIVE BENCHMARKING
TABLE 125 BATTERY MANAGEMENT SYSTEM MARKET: KEY STARTUPS/SMES
TABLE 126 BATTERY MANAGEMENT SYSTEM MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
13.9 COMPETITIVE SCENARIO
13.9.1 PRODUCT LAUNCHES
13.9.2 DEALS
14 COMPANY PROFILES
14.1 KEY PLAYERS
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*
14.1.1 EBERSP?CHER
TABLE 127 EBERSP?CHER: BUSINESS OVERVIEW
FIGURE 66 EBERSP?CHER: COMPANY SNAPSHOT
TABLE 128 EBERSP?CHER: PRODUCTS OFFERED
14.1.2 PANASONIC HOLDINGS CORPORATION
TABLE 129 PANASONIC HOLDINGS CORPORATION: BUSINESS OVERVIEW
FIGURE 67 PANASONIC HOLDINGS CORPORATION: COMPANY SNAPSHOT
TABLE 130 PANASONIC HOLDINGS CORPORATION: PRODUCTS OFFERED
TABLE 131 PANASONIC HOLDINGS CORPORATION: PRODUCT LAUNCHES
14.1.3 RENESAS ELECTRONICS CORPORATION
TABLE 132 RENESAS ELECTRONICS CORPORATION: BUSINESS OVERVIEW
FIGURE 68 RENESAS ELECTRONICS CORPORATION: COMPANY SNAPSHOT
TABLE 133 RENESAS ELECTRONICS CORPORATION: PRODUCTS OFFERED
TABLE 134 RENESAS ELECTRONICS CORPORATION: PRODUCT LAUNCHES
14.1.4 SENSATA TECHNOLOGIES, INC.
TABLE 135 SENSATA TECHNOLOGIES, INC.: BUSINESS OVERVIEW
FIGURE 69 SENSATA TECHNOLOGIES, INC.: COMPANY SNAPSHOT
TABLE 136 SENSATA TECHNOLOGIES, INC.: PRODUCTS OFFERED
TABLE 137 SENSATA TECHNOLOGIES, INC.: PRODUCT LAUNCHES
TABLE 138 SENSATA TECHNOLOGIES, INC.: DEALS
14.1.5 TEXAS INSTRUMENTS
TABLE 139 TEXAS INSTRUMENTS: BUSINESS OVERVIEW
FIGURE 70 TEXAS INSTRUMENTS: COMPANY SNAPSHOT
TABLE 140 TEXAS INSTRUMENTS: PRODUCTS OFFERED
TABLE 141 TEXAS INSTRUMENTS: PRODUCT LAUNCHES
14.1.6 ANALOG DEVICES, INC.
TABLE 142 ANALOG DEVICES, INC.: BUSINESS OVERVIEW
FIGURE 71 ANALOG DEVICES, INC.: COMPANY SNAPSHOT
TABLE 143 ANALOG DEVICES, INC.: PRODUCTS OFFERED
TABLE 144 ANALOG DEVICES, INC.: PRODUCT LAUNCHES
14.1.7 INFINEON TECHNOLOGIES AG
TABLE 145 INFINEON TECHNOLOGIES AG: BUSINESS OVERVIEW
FIGURE 72 INFINEON TECHNOLOGIES AG: COMPANY SNAPSHOT
TABLE 146 INFINEON TECHNOLOGIES AG: PRODUCTS OFFERED
TABLE 147 INFINEON TECHNOLOGIES AG: PRODUCT LAUNCHES
TABLE 148 INFINEON TECHNOLOGIES AG: DEALS
14.1.8 LG ENERGY SOLUTION, LTD.
TABLE 149 LG ENERGY SOLUTION, LTD.: BUSINESS OVERVIEW
FIGURE 73 LG ENERGY SOLUTION, LTD.: COMPANY SNAPSHOT
TABLE 150 LG ENERGY SOLUTION, LTD.: PRODUCTS OFFERED
TABLE 151 LG ENERGY SOLUTION, LTD.: DEALS
14.1.9 NXP SEMICONDUCTORS N.V.
TABLE 152 NXP SEMICONDUCTORS N.V.: BUSINESS OVERVIEW
FIGURE 74 NXP SEMICONDUCTORS N.V.: COMPANY SNAPSHOT
TABLE 153 NXP SEMICONDUCTORS N.V.: PRODUCTS OFFERED
TABLE 154 NXP SEMICONDUCTORS N.V.: PRODUCT LAUNCHES
TABLE 155 NXP SEMICONDUCTORS N.V.: DEALS
14.1.10 STMICROELECTRONICS
TABLE 156 STMICROELECTRONICS: BUSINESS OVERVIEW
FIGURE 75 STMICROELECTRONICS: COMPANY SNAPSHOT
TABLE 157 STMICROELECTRONICS: PRODUCTS OFFERED
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.
14.2 OTHER IMPORTANT PLAYERS
14.2.1 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED
14.2.2 BYD COMPANY LIMITED
14.2.3 SK INNOVATION CO., LTD.
14.3 OTHER PLAYERS
14.3.1 AMP
14.3.2 AVL LIST GMBH
14.3.3 BMS POWERSAFE
14.3.4 ELITHION, INC.
14.3.5 EWERT ENERGY SYSTEMS, INC.
14.3.6 EXPONENTIAL POWER, INC.
14.3.7 FICOSA GROUP
14.3.8 FUTAVIS GMBH
14.3.9 HANGZHOU XIENENG TECHNOLOGY CO., LTD.
14.3.10 LECLANCHE SA
14.3.11 NUVATION ENGINEERING
14.3.12 POWERTECH SYSTEMS
14.3.13 RICARDO
14.3.14 ROBOTEQ
14.3.15 TRONICO
14.3.16 XING MOBILITY
15 ADJACENT AND RELATED MARKETS
15.1 INTRODUCTION
15.2 BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION
TABLE 158 BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 159 BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
15.3 NORTH AMERICA
15.3.1 US
15.3.1.1 Increasing adoption of large-scale battery storage systems in power grids
15.3.2 CANADA
15.3.2.1 Growing focus on advancements in battery energy storage technology
15.3.3 MEXICO
15.3.3.1 Rising demand for electricity
16 APPENDIX
16.1 INSIGHTS FROM INDUSTRY EXPERTS
16.2 DISCUSSION GUIDE
16.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
16.4 CUSTOMIZATION OPTIONS
16.5 RELATED REPORTS
16.6 AUTHOR DETAILS
