Battery Management System Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

Category : Energy and Power | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC250

A battery management system also abbreviated as BMS is an electronic framework which deals with the involvement of rechargeable battery. The most crucial function which a battery management system performs is a defense of a cell and hence it enables and ensures a long life of the battery. To warranty that the charge of a battery does not exceed beyond or under the battery’s limit, a battery management system has a self defending unit, also known as lithium ion protector. The lithium ion protector helps in the protection of cell from being getting damaged. In any case, if the lithium ion battery cells get overcharged due to some reason, those batteries may possibly get defected or damaged owing to the excessive heating. Hence, it is very important to install a battery management system to provide protection against serious problems like overvoltage. In addition, a battery management system helps in providing management of energy. A battery management system is used for various applications such as the handheld point of sales, also abbreviated as POS terminals. These handheld POS employ a battery implanted charger which comprises an inductor, a control device and a discharger.
 
Some of the key factors which are anticipated to fuel the growth of global battery management systems market include rising innovations in the automotive segment, viz. e-vehicles or electronic vehicles. The electronic vehicles have been witnessing increasing demand across the globe over the recent years. Moreover, automotive manufacturers are focusing on investing heavily in electronic vehicle solutions. Thus, increasing investments in electronic vehicles across the globe is a key factor fueling the growth of global battery management systems market.
 
The global battery management system market can be segmented on the basis of component, battery type, topology, application and geography. On the basis of component, the global battery management system market can be segmented into hardware component and software component. On the basis of battery type, the global battery management system market can be segmented into lithium ion battery, advanced lead acid batteries, nickel based batteries, flow batteries and others. On the basis of topology, the market is categorized into centralized, modular and distributed. On the basis of applications, the global battery management system market can be segmented into automotive, military, medical, telecommunication systems, renewable energy systems, and others. On the basis of region, the global battery management system market can be segmented into North America, Latin America, Europe, Middle East & Africa and Asia-Pacific. The healthy demand in Asia-Pacific is expected to be the key driving factor for the growth of global battery management system market. China is anticipated to lead the market, accounting for the largest share in battery management systems in Asia-Pacific. The significant growth in industrial production over the last few years in China is expected to be the prime factor behind the growth of battery management systems market in the region. The markets in other developing countries such as Brazil, Russia, Poland, Indonesia, New Zealand, Argentina and India among others are also anticipated to grow rapidly throughout the forecast period.
 
Major players operating in the global battery management system market are focusing on some key market strategies such as mergers and acquisitions to keep hold in the ever competitive market. Moreover, they are concentrating on collaborating with local players to increase their market reach as well as strengthen their goodwill in the market. Some of the major players in global battery management system market include Nuvation, Ventec S.A.S., TWS, Ashwoods Energy Limited, Vecture Inc., Lithium Balance, Larsen & Toubro Limited, Toshiba America, Inc., AVL, Merlin Equipment Ltd., Navitas System and Johnson Matthey among others.
 


Related Reports

Electric Submersible Pump Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Introduction Electric submersible pumps are also known as sub pump. These devices are hermetically sealed motor which are attached to pump body. The whole system is inundated into liquid to be pumped. Electric submersible pumps are extra effective over jet pump...

Electric Heat Tracing Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Introduction Electric heat tracing system is used to compensate for heat losses and to increase or regulate the temperature of pipes and vessels. Heat tracing cables can be deployed on sewer lines, water, and at precise locations which can suffer from freezing ...

Distribution Feeder Automation Systems Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Introduction Distribution feeder automation process in distribution network is very vital to attain faultless & uninterrupted power supply and increase power of distribution network worldwide. Distribution feeder automation system comprises components such as feeder remote terminal unit, fee...

Distributed Generation System Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Introduction Distributed generation refers to energy generation at the point of consumption. Producing power on-site, moderately than centrally, eradicates the inefficiencies, complexity, interdependencies and cost related with distribution and transmission. Di...

Biogas Generator Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Introduction Biogas generator is a biochemical compound used to organically breakdown organic waste constituents into gases such as methane and hydrogen which is further treated with oxygen for using as fuel. The benefits of biogas power plant comprise, low fue...

Zinc Carbon Battery Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Introduction A zinc carbon battery is a dry cell battery that supplies a potential of 1.5V between a zinc metallic electrode and a carbon rod from an electro-chemical reaction between manganese dioxide andzinc arbitrated by an appropriate electrolyte. It is fre...

Cart Summary

Special Pricing & Discounts