The global Battery Management System (BMS) market size was USD 7.43 Billion in 2021 and is expected to register a revenue CAGR of 20.4% during the forecast period, according to the latest analysis by Emergen Research. Growing advancements in battery management system technologies and rising demand for Electric Vehicles (EVs) are major factors projected to support market revenue growth between 2021 and 2030. A battery pack is an assembly of battery cells under the control of BMS, which monitors battery, provides battery protection, estimates battery’s operational state, optimizes battery performance, and reports operational status to external devices. Rechargeable batteries are controlled by BMS, which makes sure they function effectively and securely. The circuit board of a BMS, which contains a number of electronic components, helps to raise e battery pack's ambient temperature. Heat management is a crucial component for maintaining vehicle safety because entire mechanism operates in a small space.
The market has been substantially affected by the pandemic, and changes can be seen in the market dynamics and demand trends. Therefore, the report broadly assesses the comprehensive impact of the pandemic on the overall growth of the Battery Management System market, besides offering a future COVID-19 impact assessment. Furthermore, the report points out the effective business approaches undertaken by the market players to enhance their product portfolios and prosper considerably.
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Battery Management System market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
Leclanché SA, Nuvation, Eberspächer, Analog Devices, Inc., BMS PowerSafe, Johnson Matthey, Epec, LLC., Elithion, Inc., NXP Semiconductors, Exponential Power, Renesas Electronics Corporation, and Texas Instruments Incorporated
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Emergen Research has segmented the global Battery Management System market on the basis of type, application, end-use, and region:
Segments Covered in this report are:
Battery Type Outlook (Revenue, USD Billion; 2019–2030)
- Lead-Acid Battery
- Lithium-ion battery
- Nickel Battery
- Others
Topology Outlook (Revenue, USD Billion; 2019–2030)
- Centralized
- Distributed
- Modular
End-use Outlook (Revenue, USD Billion; 2019–2030)
- Automotive
- E-Bikes
- Electric Vehicles
- Autonomous Guided Vehicles
- Telecommunications
- Military
- Renewable Energy Systems
- Uninterrupted Power Supply (UPS)
- Others
- Automotive
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
- Analysis and estimation of the Battery Management System Market size and share for the projected period of 2022-2030
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Battery Management System Market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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