Market Definition
A Battery Management System (BMS) ensures the safety of the battery pack by continuously monitoring & controlling parameters like temperature & voltage. The system facilitates the battery with protection & durability through a charging regime & maintenance.
Market Insights
According to a new study by MarkNtel Advisors, the Global Battery Management System Market is projected to grow at a CAGR of around 21.1% during the forecast period, i.e., 2021-26. The market growth primarily attributes to the rapid advancements in the efficiency of batteries, coupled with the rising adoption of Electric Vehicles (EVs) across the world.
The alarming environmental concerns, owing to the massive consumption of fossil fuels and increasing Green House Gas (GHG) emissions, are compelling the governments across different regions like Asia-Pacific, Europe, & North America to promote using fuel alternatives like batteries.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2016-19 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| CAGR (2021-2026) | 21.1% |
| Regions Covered | North America: USA, Canada, Mexico |
| Europe: Germany, UK, France, Italy, Russia | |
| Asia-Pacific: China, India, Japan, South Korea, Australia | |
| South America: Brazil, Argentina, Colombia | |
| Middle East & Africa: UAE, Saudi Arabia, South Africa | |
| Key Companies Profiled | Elithion Inc., Linear Technologies, Johnson Matthey, Ventec SAS, Venture Inc., NXP Semiconductor, Nuvation Engineering |
| Unit Denominations | USD Million/Billion |
Besides, with the increasing installation of off-grid renewable energy generation plants to deliver electrical services in households, public services, and commercial & industrial areas, the need for power flow measurement, controlled power production, and distribution & monitoring information on electricity usage is escalating the demand for battery management systems globally.
Moreover, consumer electronics like smartphones, tablets, laptops, cameras, etc., are other crucial areas observing an increasing utilization of rechargeable batteries. Hence, the aspects cited above create an immense need for a battery management system to protect battery cells from damage through adequate voltage management & controlled charging, further states the research report, “Global Battery Management System Market Analysis, 2021.”
Severe Impact of Covid-19 on the Global Battery Management System Market
1. Introduction
1.1. Research Process
1.2. Assumption
1.3. Market Segmentation
1.4. Market Definition
2. Executive Summary
3. Expert Verbatim- What our Experts Say?
4. Global Battery Management System Market Outlook, 2016-2026F
4.1. Market Potential & Outlook
4.1.1. By Revenues
4.2. Market Segmentation & Outlook
4.2.1.1. By Battery Type
4.2.1.1.1. Lithium-Ion Battery
4.2.1.1.2. Lead-Acid Battery
4.2.1.1.3. Nickel Battery
4.2.1.1.4. Flow Battery
4.2.1.1.5. Others
4.2.1.2. By Topology
4.2.1.2.1. Centralized
4.2.1.2.2. Distributed
4.2.1.2.3. Modular
4.2.1.3. By Components
4.2.1.3.1. Hardware
4.2.1.3.2. Software
4.2.2. By Application
4.2.2.1.1. Automotive
4.2.2.1.2. Military & Defense
4.2.2.1.3. Consumer Electronics
4.2.2.1.4. Medical & Healthcare
4.2.2.1.5. UPS
4.2.2.1.6. Telecommunication
4.2.2.1.7. Renewable Energy Systems
4.2.2.1.8. Others
4.2.3. By Region
4.2.3.1. North America
4.2.3.2. South America
4.2.3.3. Europe
4.2.3.4. Middle East & Africa
4.2.3.5. Asia-Pacific
4.2.4. By Company
4.2.4.1. Revenue Shares
4.2.4.2. Strategic Factorial Indexing
4.2.4.3. Competitor Placement in Markntel Quadrant
5. North America Battery Management System Market Outlook, 2016-2026F
5.1. Market Potential & Outlook
5.1.1. By Revenues
5.2. Market Segmentation & Outlook
5.2.1. By Battery Type
5.2.2. By Topology
5.2.3. By Components
5.2.4. By Application
5.2.5. By Country
5.2.5.1. US
5.2.5.2. Mexico
5.2.5.3. Canada
5.3. The US Battery Management System Market Outlook (2016-2026F)
5.3.1. Market Potential & Outlook
5.3.1.1. By Revenues
5.3.2. Market Segmentation & Outlook
5.3.2.1. By Battery Type
5.3.2.2. By Topology
5.3.2.3. By Components
5.3.2.4. By Application
5.3.2.5. By Region
5.4. Canada Battery Management System Market Outlook, 2016-2026F
5.4.1. Market Potential & Outlook
5.4.1.1. By Revenues
5.4.2. Market Segmentation & Outlook
5.4.2.1. By Battery Type
5.4.2.2. By Topology
5.4.2.3. By Components
5.4.2.4. By Application
5.4.2.5. By Region
5.5. Mexico Battery Management System Market Outlook, 2016-2026F
5.5.1. Market Potential & Outlook
5.5.1.1. By Revenues
5.5.2. Market Segmentation & Outlook
5.5.2.1. By Battery Type
5.5.2.2. By Topology
5.5.2.3. By Components
5.5.2.4. By Application
5.5.2.5. By Region
6. South America Battery Management System Market Outlook, 2016-2026F
6.1. Market Potential & Outlook
6.1.1. By Revenues
6.2. Market Segmentation & Outlook
6.2.1. By Battery Type
6.2.2. By Topology
6.2.3. By Components
6.2.4. By Application
6.2.5. By Country
6.2.5.1. Brazil
6.2.5.2. Argentina
6.2.5.3. Colombia
6.3. Brazil Battery Management System Market Outlook, 2016-2026F
6.3.1. Market Potential & Outlook
6.3.1.1. By Revenues
6.3.2. Market Segmentation & Outlook
6.3.2.1. By Battery Type
6.3.2.2. By Topology
6.3.2.3. By Components
6.3.2.4. By Application
6.3.2.5. By Region
6.4. Argentina Battery Management System Market Outlook, 2016-2026F
6.4.1. Market Potential & Outlook
6.4.1.1. By Revenues
6.4.2. Market Segmentation & Outlook
6.4.2.1. By Battery Type
6.4.2.2. By Topology
6.4.2.3. By Components
6.4.2.4. By Application
6.4.2.5. By Region
6.5. Colombia Battery Management System Market Outlook, 2016-2026F
6.5.1. Market Potential & Outlook
6.5.1.1. By Revenues
6.5.2. Market Segmentation & Outlook
6.5.2.1. By Battery Type
6.5.2.2. By Topology
6.5.2.3. By Components
6.5.2.4. By Application
6.5.2.5. By Region
7. Europe Battery Management System Market Outlook, 2016-2026F
7.1. Market Potential & Outlook
7.2. Market Potential & Outlook
7.2.1. By Revenues
7.3. Market Segmentation & Outlook
7.3.1. By Battery Type
7.3.2. By Topology
7.3.3. By Components
7.3.4. By Application
7.3.5. By Country
7.3.5.1. Germany
7.3.5.2. France
7.3.5.3. UK
7.3.5.4. Italy
7.3.5.5. Russia
7.4. Germany Battery Management System Market Outlook, 2016-2026F
7.4.1. Market Potential & Outlook
7.4.1.1. By Revenues
7.4.2. Market Segmentation & Outlook
7.4.2.1. By Battery Type
7.4.2.2. By Topology
7.4.2.3. By Components
7.4.2.4. By Application
7.4.2.5. By Region
7.5. The UK Battery Management System Market Outlook, 2016-2026F
7.5.1. Market Potential & Outlook
7.5.1.1. By Revenues
7.5.2. Market Segmentation & Outlook
7.5.2.1. By Battery Type
7.5.2.2. By Topology
7.5.2.3. By Components
7.5.2.4. By Application
7.5.2.5. By Region
7.6. France Battery Management System Market Outlook, 2016-2026F
7.6.1. Market Potential & Outlook
7.6.1.1. By Revenues
7.6.2. Market Segmentation & Outlook
7.6.2.1. By Battery Type
7.6.2.2. By Topology
7.6.2.3. By Components
7.6.2.4. By Application
7.6.2.5. By Region
7.7. Italy Battery Management System Market Outlook, 2016-2026F
7.7.1. Market Potential & Outlook
7.7.1.1. By Revenues
7.7.2. Market Segmentation & Outlook
7.7.2.1. By Battery Type
7.7.2.2. By Topology
7.7.2.3. By Components
7.7.2.4. By Application
7.7.2.5. By Region
7.8. The Spain Battery Management System Market Outlook, 2016-2026F
7.8.1. Market Potential & Outlook
7.8.1.1. By Revenues
7.8.2. Market Segmentation & Outlook
7.8.2.1. By Battery Type
7.8.2.2. By Topology
7.8.2.3. By Components
7.8.2.4. By Application
7.8.2.5. By Region
7.9. Russia Battery Management System Market Outlook, 2016-2026F
7.9.1. Market Potential & Outlook
7.9.1.1. By Revenues
7.9.2. Market Segmentation & Outlook
7.9.2.1. By Battery Type
7.9.2.2. By Topology
7.9.2.3. By Components
7.9.2.4. By Application
7.9.2.5. By Region
8. Middle East & Africa Battery Management System Market Outlook, 2016-2026F
8.1. Market Potential & Outlook
8.1.1. By Revenues
8.2. Market Segmentation & Outlook
8.2.1. By Battery Type
8.2.2. By Topology
8.2.3. By Components
8.2.4. By Application
8.2.5. By Country
8.2.5.1. Saudi Arabia
8.2.5.2. UAE
8.2.5.3. South Africa
8.3. Saudi Arabia Battery Management System Market Outlook, 2016-2026F
8.3.1. Market Potential & Outlook
8.3.1.1. By Revenues
8.3.2. Market Segmentation & Outlook
8.3.2.1. By Battery Type
8.3.2.2. By Topology
8.3.2.3. By Components
8.3.2.4. By Application
8.3.2.5. By Region
8.4. UAE Battery Management System Market Outlook, 2016-2026F
8.4.1. Market Potential & Outlook
8.4.1.1. By Revenues
8.4.2. Market Segmentation & Outlook
8.4.2.1. By Battery Type
8.4.2.2. By Topology
8.4.2.3. By Components
8.4.2.4. By Application
8.4.2.5. By Region
8.5. South Africa Battery Management System Market Outlook, 2016-2026F
8.5.1. Market Potential & Outlook
8.5.1.1. By Revenues
8.5.2. Market Segmentation & Outlook
8.5.2.1. By Battery Type
8.5.2.2. By Topology
8.5.2.3. By Components
8.5.2.4. By Application
8.5.2.5. By Region
9. Asia-Pacific Battery Management System Market Outlook, 2016-2026F
9.1. Market Potential & Outlook
9.1.1. By Revenues
9.2. Market Segmentation & Outlook
9.2.1. By Battery Type
9.2.2. By Topology
9.2.3. By Components
9.2.4. By Application
9.2.5. By Country
9.2.5.1. China
9.2.5.2. India
9.2.5.3. Australia
9.2.5.4. Japan
9.3. China Battery Management System Market Outlook, 2016-2026F
9.3.1. Market Potential & Outlook
9.3.1.1. By Revenues
9.3.2. Market Segmentation & Outlook
9.3.2.1. By Battery Type
9.3.2.2. By Topology
9.3.2.3. By Components
9.3.2.4. By Application
9.3.2.5. By Region
9.4. Japan Battery Management System Market Outlook, 2016-2026F
9.4.1. Market Potential & Outlook
9.4.1.1. By Revenues
9.4.2. Market Segmentation & Outlook
9.4.2.1. By Battery Type
9.4.2.2. By Topology
9.4.2.3. By Components
9.4.2.4. By Application
9.4.2.5. By Region
9.5. India Battery Management System Market Outlook, 2016-2026F
9.5.1. Market Potential & Outlook
9.5.1.1. By Revenues
9.5.2. Market Segmentation & Outlook
9.5.2.1. By Battery Type
9.5.2.2. By Topology
9.5.2.3. By Components
9.5.2.4. By Application
9.5.2.5. By Region
9.6. South Korea Battery Management System Market Outlook, 2016-2026F
9.6.1. Market Potential & Outlook
9.6.1.1. By Revenues
9.6.2. Market Segmentation & Outlook
9.6.2.1. By Battery Type
9.6.2.2. By Topology
9.6.2.3. By Components
9.6.2.4. By Application
9.6.2.5. By Region
9.7. Malaysia Battery Management System Market Outlook, 2016-2026F
9.7.1. Market Potential & Outlook
9.7.1.1. By Revenues
9.7.2. Market Segmentation & Outlook
9.7.2.1. By Battery Type
9.7.2.2. By Topology
9.7.2.3. By Components
9.7.2.4. By Application
9.7.2.5. By Region
9.8. Australia Battery Management System Market Outlook, 2016-2026F
9.8.1. Market Potential & Outlook
9.8.1.1. By Revenues
9.8.2. Market Segmentation & Outlook
9.8.2.1. By Battery Type
9.8.2.2. By Topology
9.8.2.3. By Components
9.8.2.4. By Application
9.8.2.5. By Region
10. Global Battery Management System Market Policies, Regulations, Product Standards
11. Global Battery Management System Market Trends & Insights
12. Global Battery Management System Market Dynamics
12.1.Growth Drivers
12.2.Challenges
12.3.Impact Analysis
13. Global Battery Management System Market Hotspot and Opportunities
14. Global Battery Management System Market Key Strategic Imperatives for Success and Growth
15. Competitive Outlook
15.1.Competition Matrix
15.1.1. Product Portfolio
15.1.2. Brand Specialization
15.1.3. Target Markets
15.1.4. Target Components
15.1.5. Research & Development
15.1.6. Strategic Alliances
15.1.7. Strategic Initiatives
15.2.Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
15.2.1. Elithion Inc.
15.2.2. Linear Technologies
15.2.3. Johnson Matthey
15.2.4. Ventec SAS
15.2.5. Venture Inc.
15.2.6. NXP Semiconductor
15.2.7. Nuvation Engineering
15.2.8. Texas Instruments
15.2.9. Vecture Inc.
15.2.10. Lithium Balance
16. Disclaimer
