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

Unconventional Gas Market (By Type: Shale Gas, Tight Gas, Coalbed Methane (CBM); By Application: Industrial, Power Generation, Residential, Commercial, Transportation) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026

Introduction The global unconventional gas market’s value is expected to touch USD 258 billion by 2026 and the market is likely to grow with a CAGR of 9.2 % during the forthcoming years. Market Dynamics The government of the U.S. has been advancing demands in investigat

Waste Heat Recovery System Market (By Application: Pre-Heating, Electricity & Steam Generation {SRC, ORC, Kalina}, Others; By Temperature: <230 0C, 230-650 0C, >650 0C;By End-Use: Petroleum Refining, Cement, Heavy Metal Manufacturing, Chemical, Pulp & Paper, Food & Beverage, Glass, Other Manufacturing) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026

Market Overview The global waste heat recovery system market is expected to register significant CAGR growth rate of 7.5% over forecast period. The waste heat recovery system market is expected to surpass US$ 78 Bn by the end of 2026. Market Dynamics Increasing focus of indus

Gas Turbine Market (By Capacity: 200 MW, >200 MW; By Technology: Open Cycle, Combined Cycle; By Application: Power Generation, Industrial, Aviation) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026

Introduction The global gas turbine market size is anticipated to around USD 31.2 billion by 2026, this market is anticipated to grow with 5.0% CAGR during the forecast time period. The market is required to be driven by increasing pressure from worldwide organizations to diminish carbon impression, alongside low shale gas costs.

Diesel Gensets Market (By Power Rating: <75 kVA, 75-375 kVA, 375-750 kVA, >750 kVA; By End-Use: Residential, Commercial, Industrial; By Application: Standby, Peak Shaving, Prime/Continuous) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026

Introduction The diesel gensets is the mixture of an electric generator and diesel engine in order to produce electrical energy. This is an explicit case of engine initiator. A diesel density ignition mechanism is generally considered to run on diesel fuel, but a few types are used for other natural gas or liquid fuels. Diesel gensets are utilized in spots without association with a power lattice, or as cr

Cart Summary