조사회사 : MarketsandMarkets (마켓츠앤마켓츠) 출판년월 : 2024년06월
Battery Management System Market – Global Forecast To 2029
배터리 관리 시스템(BMS) 시장 : 타입 (동력 전지 & 정치형 전지), 전지 타입 (리튬 이온 전지, 납 축전지, 니켈 베이스 전지, 전고체 전지, 플로우 전지), 토폴로지 (집중형, 분산형, & 모듈식), 용도와 지역별 – 2029년까지의 세계 예측
Battery Management System Market by Type (Motive & Stationary Batteries), Battery Type (Lithium- ion, Lead-acid, Nickel-based, Solid-state, Flow batteries), Topology (Centralized, Distributed, & Modular), Application & Region – Global Forecast to 2029
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Report Overview
The global battery management system (BMS) market is anticipated to experience robust growth, projected to surge from USD 9.1 billion in 2024 to a staggering USD 22.0 billion by 2029, boasting an impressive compound annual growth rate (CAGR) of 19.3% during the forecast period.
전세계 배터리 관리 시스템(BMS) 시장은 2024년 91억 달러에서 2029년까지 220억 달러라는 놀라운 규모로 급증할 것으로 예측되고 있으며 예측 기간 동안 19.3%라는 연평균 성장 비율(CAGR)을 자랑합니다.
BMS serves as a pivotal component in efficiently overseeing high-energy batteries, its functionalities adeptly tailored to suit the specific attributes and demands of the batteries it supervises.
This thriving market is categorized by battery type, encompassing lithium-ion, lead-acid, nickel-based batteries, and other variants. End users typically opt for the battery type best suited to their unique needs and application requirements. Notably, lithium-ion batteries enjoy widespread adoption across diverse sectors like automotive and renewable energy systems, owing to their favorable characteristics and reliable performance.
“Renewable energy segment to hold a significant share of battery management system market in 2029”
By 2029, the renewable energy sector is expected to wield substantial influence over the battery management system (BMS) market due to several key drivers. Firstly, governments worldwide are intensifying efforts to slash carbon emissions, leading to a surge in solar and wind power adoption. This necessitates robust energy storage solutions, where BMS plays an essential role in optimization and extension of battery lifespan. As the energy landscape shifts towards decentralization, energy storage systems (ESS) gain traction, with BMS serving as indispensable components in managing battery charging and discharging processes for heightened efficiency. Technological advancements, notably in lithium-ion batteries, further bolster the feasibility of storing renewable energy. Government incentives and policies propel renewable energy adoption, alongside declining costs, which enhance competitiveness against traditional power generation. Collectively, these factors indicate the renewable energy sector’s substantial presence in propelling the BMS market by 2029.
“Lithium-ion battery type to hold highest CAGR in the forecast period”
During the forecast period, lithium-ion (Li-ion) batteries are expected to experience the highest CAGR within the battery management system (BMS) market. This surge is underpinned by several key factors. Li-ion batteries have gained significant traction due to their superior energy density, extended lifespan, and reduced maintenance requirements compared to traditional battery technologies. As businesses increasingly prioritize energy efficiency and sustainability, Li-ion batteries emerge as the preferred choice for various applications, spanning from consumer electronics to electric vehicles and renewable energy storage solutions. Continuous advancements in Li-ion battery technology, including enhancements in energy density, safety features, and cost-effectiveness, drive their widespread adoption across industries. Additionally, supportive governmental policies and initiatives aimed at promoting clean energy and electric transportation further fuel the demand for Li-ion batteries, thereby propelling the growth of the BMS market. The confluence of technological progress, favorable attributes, and regulatory support positions Li-ion batteries for continued dominance and expansion within the BMS market landscape.
“Asia Pacific is expected to grow at the highest CAGR during the forecast period”
Asia Pacific region expected to grow the highest CAGR within the battery management system (BMS) market, owing to the region’s rapid industrialization and urbanization have spurred heightened demand for electric vehicles (EVs), renewable energy solutions, and consumer electronics, necessitating efficient energy storage solutions. Consequently, there is a burgeoning requirement for BMS to effectively manage and optimize battery performance. Government initiatives promoting clean energy and electric mobility further amplify the adoption of BMS across the region. The presence of key players and the emergence of cutting-edge technologies, particularly in China, Japan, and South Korea, contribute significantly to market expansion. The flourishing manufacturing sector in countries like China enables the production of BMS components at competitive costs, driving further market growth. The Asia-Pacific region is well-positioned for substantial growth in the BMS market, buoyed by favorable market conditions, supportive governmental policies, technological advancements, and robust industrial development.
Breakdown of the profiles of primary participants:
• By Company Type: Tier 1 – 45%, Tier 2 – 35%, and Tier 3 – 20%
• By Designation: C-level Executives – 40%, Directors – 45%, and Others – 15%
• By Region: North America – 29%, Europe – 27%, Asia Pacific – 36%, and RoW – 8%
Major players profiled in this report are: Sensata Technologies, Inc. (Japan), Eberspächer (Germany), Ficosa Internacional SA (Spain), AVL (Austria), and LG Energy Solution. (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.
Reasons to buy the report:
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the BMS market’s pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (Growing electric vehicle (EV) sales, High demand for battery monitoring solutions in renewable energy industry, Rising need for effective power grid management, Increasing Demand for Portable Electronics), restraints (High Cost associated with integrating BMS into battery pack), opportunities (Electrification of public transportation, Rising demand for BMS in data centers, Supportive government initiatives for booting adoption of EVs, Advantages of wireless BMS over conventional BMS, Increased research and development (R&D) on battery technology) and challenges (Complex designing process, Impact of external factors on performance of BMS, Cybersecurity threats, Lack of standardization in BMS manufacturing).
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the BMS market
• Market Development: Comprehensive information about lucrative markets – the report analyses the BMS market across varied regions
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the BMS market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like Sensata Technologies, Inc. (Japan), Eberspächer (Germany), Panasonic Holdings Corporation (Japan), and LG Energy Solution. (South Korea), AVL (Austria), FICOSA Internartional SA (Spain), Leclanché SA (Switzerland), Elithion (US), BMS PowerSafe (France), PowerTech Systems (France) among others
Table of Contents
1 INTRODUCTION 35
1.1 STUDY OBJECTIVES 35
1.2 MARKET DEFINITION 35
1.3 STUDY SCOPE 36
1.3.1 MARKETS COVERED 36
FIGURE 1 BATTERY MANAGEMENT SYSTEM MARKET SEGMENTATION 36
1.3.2 INCLUSIONS AND EXCLUSIONS 36
1.3.3 REGIONAL SCOPE 37
1.3.4 YEARS CONSIDERED 37
1.3.5 CURRENCY CONSIDERED 38
1.3.6 UNITS CONSIDERED 38
1.4 LIMITATIONS 38
1.5 STAKEHOLDERS 38
1.6 SUMMARY OF CHANGES 39
1.7 IMPACT OF RECESSION 40
2 RESEARCH METHODOLOGY 41
2.1 RESEARCH DATA 41
FIGURE 2 BATTERY MANAGEMENT SYSTEM: PROCESS FLOW OF MARKET SIZE ESTIMATION 41
FIGURE 3 RESEARCH DESIGN 42
2.2 SECONDARY AND PRIMARY RESEARCH 42
FIGURE 4 SECONDARY AND PRIMARY RESEARCH 43
2.2.1 SECONDARY DATA 43
2.2.1.1 Key secondary sources 43
2.2.1.2 Key data from secondary sources 44
2.2.2 PRIMARY DATA 45
2.2.2.1 Participants for primary interviews 45
2.2.2.2 Breakdown of primaries 45
2.2.2.3 Key data from primary sources 46
2.2.2.4 Key industry insights 46
2.3 MARKET SIZE ESTIMATION 47
2.3.1 BOTTOM-UP APPROACH 47
2.3.1.1 Approach to derive market size using bottom-up analysis 47
FIGURE 5 BOTTOM-UP APPROACH 48
2.3.2 TOP-DOWN APPROACH 48
2.3.2.1 Approach to derive market size using top-down analysis 48
FIGURE 6 TOP-DOWN APPROACH 49
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS 49
2.4 DATA TRIANGULATION 50
FIGURE 8 DATA TRIANGULATION 50
2.5 RESEARCH ASSUMPTIONS 51
FIGURE 9 ASSUMPTIONS 51
2.6 RESEARCH LIMITATIONS 51
2.7 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON BATTERY MANAGEMENT SYSTEM MARKET 52
2.8 RISK ASSESSMENT 52
3 EXECUTIVE SUMMARY 53
FIGURE 10 MOTIVE BATTERIES SEGMENT TO EXHIBIT HIGHER CAGR DURING FORECAST PERIOD 53
FIGURE 11 LITHIUM-ION SEGMENT TO HOLD LARGEST MARKET SHARE IN 2024 54
FIGURE 12 AUTOMOTIVE SEGMENT TO REGISTER HIGHEST CAGR BETWEEN 2024 AND 2029 54
FIGURE 13 ASIA PACIFIC HELD LARGEST SHARE OF BATTERY MANAGEMENT SYSTEM MARKET IN 2023 55
4 PREMIUM INSIGHTS 56
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BATTERY MANAGEMENT SYSTEM MARKET 56
FIGURE 14 HIGH DEMAND FOR BATTERIES IN RENEWABLE ENERGY INDUSTRY TO CREATE LUCRATIVE OPPORTUNITIES FOR MARKET PLAYERS 56
4.2 BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE 57
FIGURE 15 MOTIVE BATTERIES SEGMENT TO ACCOUNT FOR LARGER SHARE OF BATTERY MANAGEMENT SYSTEM MARKET IN 2029 57
4.3 BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE 57
FIGURE 16 LITHIUM-ION SEGMENT TO ACCOUNT FOR LARGEST SHARE OF BATTERY MANAGEMENT SYSTEM MARKET IN 2029 57
4.4 BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY 58
FIGURE 17 MODULAR SEGMENT TO ACCOUNT FOR LARGEST SHARE OF BATTERY MANAGEMENT SYSTEM MARKET IN 2029 58
4.5 BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION 58
FIGURE 18 AUTOMOTIVE SEGMENT TO ACCOUNT FOR LARGEST SHARE OF BATTERY MANAGEMENT SYSTEM MARKET IN 2029 58
4.6 BATTERY MANAGEMENT SYSTEM MARKET IN ASIA PACIFIC, BY COUNTRY AND APPLICATION 59
FIGURE 19 CHINA AND AUTOMOTIVE SEGMENT TO HOLD LARGEST SHARES OF ASIA PACIFIC BATTERY MANAGEMENT SYSTEM MARKET IN 2029 59
4.7 BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY 59
FIGURE 20 CHINA TO EXHIBIT HIGHEST CAGR IN BATTERY MANAGEMENT SYSTEM MARKET BETWEEN 2024 AND 2029 59
5 MARKET OVERVIEW 60
5.1 INTRODUCTION 60
5.2 MARKET DYNAMICS 60
FIGURE 21 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 60
5.2.1 DRIVERS 61
5.2.1.1 Growing electric vehicle (EV) sales 61
FIGURE 22 ELECTRIC VEHICLE (EV) SALES, BY COUNTRY/REGION, 2012–2023 61
5.2.1.2 High demand for battery monitoring solutions in renewable energy industry 62
5.2.1.3 Rising need for effective power grid management 62
5.2.1.4 Increasing demand for portable electronics 62
FIGURE 23 IMPACT ANALYSIS OF DRIVERS 63
5.2.2 RESTRAINTS 63
5.2.2.1 High cost associated with integrating BMS into battery pack 63
FIGURE 24 IMPACT ANALYSIS OF RESTRAINTS 64
5.2.3 OPPORTUNITIES 64
5.2.3.1 Electrification of public transportation 64
5.2.3.2 Rising demand for BMS in data centers 64
5.2.3.3 Government-led initiatives for booting adoption of EVs 65
5.2.3.4 Advantages of wireless BMS over conventional BMS 65
5.2.3.5 Increased research and development (R&D) on battery technology 66
FIGURE 25 IMPACT ANALYSIS OF OPPORTUNITIES 66
5.2.4 CHALLENGES 67
5.2.4.1 Complex designing process 67
5.2.4.2 Impact of external factors on performance of BMS 67
5.2.4.3 Cybersecurity threats 67
5.2.4.4 Lack of standardization in BMS manufacturing 67
FIGURE 26 IMPACT ANALYSIS OF CHALLENGES 68
5.3 VALUE CHAIN ANALYSIS 69
FIGURE 27 VALUE CHAIN ANALYSIS 69
5.3.1 RECENT DEVELOPMENTS AND TRENDS SHAPING BATTERY MANAGEMENT SYSTEM VALUE CHAIN 71
5.3.1.1 Decreasing pricing trend of Lithium-ion batteries 71
5.3.1.2 Increase in raw material prices and adoption of alternative battery chemistries 71
5.3.1.3 Development of BMS by EV OEMs 72
5.3.1.4 Cell management system and impact 72
5.3.1.5 Battery passport and impact on battery value chain 73
5.4 KEY FUNCTIONS OF BMS 74
5.4.1 MAPPING OF KEY BMS SEMICONDUCTOR PROVIDERS, BY FUNCTION 74
TABLE 1 MAPPING OF KEY BMS SEMICONDUCTOR PROVIDERS, BY FUNCTION 74
5.4.1.1 Battery management 74
5.4.1.2 Cell balancing 75
5.4.1.3 Thermal management 75
5.4.1.4 State of Charge (SoC) 75
5.4.1.5 State of Health (SoH) 76
5.5 ECOSYSTEM ANALYSIS 76
FIGURE 28 BATTERY MANAGEMENT SYSTEM ECOSYSTEM ANALYSIS 76
TABLE 2 ROLES OF COMPANIES IN BATTERY MANAGEMENT SYSTEM ECOSYSTEM 77
5.6 PRICING ANALYSIS 78
5.6.1 INDICATIVE PRICING TREND OF KEY PLAYERS, BY APPLICATION 79
FIGURE 29 INDICATIVE PRICING TREND OF BMS OFFERED BY KEY PLAYERS, BY APPLICATION (USD) 79
TABLE 3 INDICATIVE PRICING TREND OF BMS OFFERED BY KEY PLAYERS, BY AUTOMOTIVE APPLICATION (USD) 79
5.6.2 AVERAGE SELLING PRICE (ASP) TREND 79
FIGURE 30 AVERAGE SELLING PRICE (ASP) TREND OF BMS, 2020−2023 (USD) 80
5.6.3 AVERAGE SELLING PRICE (ASP) TREND, BY REGION 80
TABLE 4 AVERAGE SELLING PRICE (ASP) OF BMS, BY REGION (USD) 80
FIGURE 31 AVERAGE SELLING PRICE (ASP) TREND OF BMS, BY REGION, 2020−2023 (USD) 80
5.7 INVESTMENT/FUNDING SCENARIO 81
FIGURE 32 INVESTMENT/FUNDING SCENARIO, 2018–2023 (USD BILLION) 81
5.8 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 81
FIGURE 33 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 82
5.9 TECHNOLOGY ANALYSIS 82
5.9.1 KEY TECHNOLOGIES 82
5.9.1.1 Solid-state batteries (SSBs) 82
5.9.1.2 Artificial Intelligence (AI) 82
5.9.1.3 Digital twin 83
5.9.2 COMPLEMENTARY TECHNOLOGIES 83
5.9.2.1 Thermal management systems 83
5.9.2.2 Power electronics 83
5.9.3 ADJACENT TECHNOLOGIES 84
5.9.3.1 Vehicle-to-grid (V2G) technology 84
5.9.3.2 Cloud computing 84
5.10 PORTER’S FIVE FORCES ANALYSIS 84
TABLE 5 BATTERY MANAGEMENT SYSTEM MARKET: PORTER’S FIVE FORCES ANALYSIS 85
FIGURE 34 PORTER’S FIVE FORCES ANALYSIS 85
5.10.1 THREAT OF NEW ENTRANTS 86
5.10.2 THREAT OF SUBSTITUTES 86
5.10.3 BARGAINING POWER OF SUPPLIERS 86
5.10.4 BARGAINING POWER OF BUYERS 86
5.10.5 INTENSITY OF COMPETITIVE RIVALRY 86
5.11 KEY STAKEHOLDERS AND BUYING CRITERIA 86
5.11.1 KEY STAKEHOLDERS IN BUYING PROCESS 87
FIGURE 35 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION 87
TABLE 6 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION (%) 87
5.11.2 BUYING CRITERIA 88
FIGURE 36 KEY BUYING CRITERIA, BY APPLICATION 88
TABLE 7 KEY BUYING CRITERIA, BY APPLICATION 88
5.12 CASE STUDY ANALYSIS 89
5.12.1 TATA ELXSI COLLABORATED WITH RENESAS ELECTRONICS TO ESTABLISH NEXT-GENERATION EV INNOVATION CENTER (NEVIC) 89
5.12.2 TESLA DEVELOPED DISTRIBUTED BMS DESIGN BY INCORPORATING REGIONAL SLAVE MODULES AND CENTRALIZED CONTROLLER 90
5.12.3 TESLA POWERWALL EXEMPLIFIED EFFECTIVE RESIDENTIAL ENERGY STORAGE WITH ADVANCED BMS 91
5.12.4 NISSAN UNDERTOOK STRATEGIC INITIATIVES TO MITIGATE BATTERY DETERIORATION CONCERNS 92
5.13 TRADE ANALYSIS 92
5.13.1 IMPORT SCENARIO (HS CODE 850650) 92
FIGURE 37 IMPORT DATA FOR HS CODE 850650-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD MILLION) 93
5.13.2 EXPORT SCENARIO (HS CODE 850650) 93
FIGURE 38 EXPORT DATA FOR HS CODE 850650-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD MILLION) 93
5.14 PATENT ANALYSIS 94
FIGURE 39 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS RELATED TO BMSS 94
TABLE 8 BATTERY MANAGEMENT SYSTEM MARKET: TOP 20 PATENT OWNERS, 2014–2023 94
FIGURE 40 NUMBER OF PATENTS GRANTED PER YEAR, 2014–2023 95
TABLE 9 BATTERY MANAGEMENT SYSTEM MARKET: LIST OF PATENTS, 2021–2024 95
5.15 KEY CONFERENCES AND EVENTS, 2024–2025 104
TABLE 10 BATTERY MANAGEMENT SYSTEM MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2024–2025 104
5.16 STANDARDS AND REGULATORY LANDSCAPE 106
5.16.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 106
TABLE 11 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 106
TABLE 12 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 107
TABLE 13 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 107
TABLE 14 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 108
5.16.2 STANDARDS 108
TABLE 15 STANDARDS RELATED TO BMS 108
5.16.3 REGULATIONS 109
5.16.3.1 North America 109
5.16.3.1.1 US 109
5.16.3.1.2 Canada 109
5.16.3.2 Europe 109
5.16.3.2.1 European Union 109
5.16.3.2.2 Germany 110
5.16.3.2.3 UK 110
5.16.3.3 Asia Pacific 110
5.16.3.3.1 China 110
5.16.3.3.2 India 110
5.16.3.3.3 Japan 111
5.16.3.4 RoW 111
5.16.3.4.1 Brazil 111
5.16.3.4.2 Kenya 111
6 COMPONENTS OF BATTERY MANAGEMENT SYSTEMS 112
6.1 INTRODUCTION 112
FIGURE 41 BATTERY MANAGEMENT SYSTEM MARKET, BY COMPONENT 112
6.2 HARDWARE 112
6.2.1 BATTERY CONTROL UNITS 112
6.2.2 POWER MANAGEMENT COMPONENTS 113
6.2.3 COOLING SYSTEM COMPONENTS (FANS AND PUMPS) 113
6.2.4 COMMUNICATION COMPONENTS 114
6.3 SOFTWARE 115
7 DIFFERENT BATTERY MANAGEMENT SYSTEM TYPES 116
7.1 INTRODUCTION 116
FIGURE 42 BATTERY MANAGEMENT SYSTEM MARKET, BY SYSTEM TYPE 116
7.2 STANDALONE BMS 116
7.3 INTEGRATED BMS 117
8 BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE 118
8.1 INTRODUCTION 119
FIGURE 43 BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE 119
FIGURE 44 MOTIVE BATTERIES SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029 120
TABLE 16 BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2020–2023 (USD MILLION) 120
TABLE 17 BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2024–2029 (USD MILLION) 120
8.2 MOTIVE BATTERIES 121
8.2.1 INCREASING DEMAND IN AUTOMOTIVE SECTOR TO DRIVE MARKET 121
TABLE 18 MOTIVE BATTERIES: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2020–2023 (USD MILLION) 122
TABLE 19 MOTIVE BATTERIES: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2029 (USD MILLION) 122
8.3 STATIONARY BATTERIES 122
8.3.1 HIGH USE IN ENERGY STORAGE APPLICATIONS TO FUEL MARKET GROWTH 122
TABLE 20 STATIONARY BATTERIES: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2020–2023 (USD MILLION) 123
TABLE 21 STATIONARY BATTERIES: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2029 (USD MILLION) 124
9 BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE 125
9.1 INTRODUCTION 126
FIGURE 45 BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE 126
FIGURE 46 LITHIUM-ION SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029 127
TABLE 22 BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION) 127
TABLE 23 BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION) 127
9.2 LITHIUM-ION 128
9.2.1 INCREASING GLOBAL EV DEMAND TO DRIVE MARKET 128
TABLE 24 COMPARISON BETWEEN LITHIUM-ION AND LEAD-ACID BATTERIES 129
TABLE 25 LITHIUM-ION: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2020–2023 (USD MILLION) 129
TABLE 26 LITHIUM-ION: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2029 (USD MILLION) 130
9.3 LEAD-ACID 130
9.3.1 HIGH DEMAND IN RENEWABLE ENERGY INDUSTRY TO DRIVE MARKET 130
TABLE 27 LEAD-ACID: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2020–2023 (USD MILLION) 131
TABLE 28 LEAD-ACID: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2029 (USD MILLION) 131
9.4 NICKEL-BASED 132
9.4.1 EXTENSIVE USE IN AUTOMOTIVE SECTOR TO FUEL MARKET GROWTH 132
TABLE 29 NICKEL-BASED: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2020–2023 (USD MILLION) 133
TABLE 30 NICKEL-BASED: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2029 (USD MILLION) 133
9.5 OTHER BATTERY TYPES 133
9.5.1 SOLID-STATE BATTERIES 133
9.5.2 FLOW BATTERIES 134
TABLE 31 OTHER BATTERY TYPES: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2020–2023 (USD MILLION) 135
TABLE 32 OTHER BATTERY TYPES: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2029 (USD MILLION) 135
10 BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY 136
10.1 INTRODUCTION 137
FIGURE 47 BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY 137
FIGURE 48 MODULAR SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029 138
TABLE 33 BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2020–2023 (USD MILLION) 138
TABLE 34 BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2024–2029 (USD MILLION) 138
10.2 MODULAR 139
10.2.1 HIGH COMPUTATIONAL POWER AND ENHANCED SAFETY TO DRIVE DEMAND 139
TABLE 35 MODULAR TOPOLOGY: ADVANTAGES AND DISADVANTAGES 139
FIGURE 49 TYPICAL STRUCTURE OF MODULAR BMS 140
TABLE 36 MODULAR: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 140
TABLE 37 MODULAR: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 141
TABLE 38 MODULAR: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2020–2023 (USD MILLION) 141
TABLE 39 MODULAR: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2029 (USD MILLION) 141
10.3 CENTRALIZED 142
10.3.1 RISING USE IN MEDIUM POWER APPLICATIONS TO FUEL MARKET GROWTH 142
TABLE 40 CENTRALIZED TOPOLOGY: ADVANTAGES AND DISADVANTAGES 142
FIGURE 50 TYPICAL STRUCTURE OF CENTRALIZED BMS 143
TABLE 41 CENTRALIZED: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 143
TABLE 42 CENTRALIZED: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 143
TABLE 43 CENTRALIZED: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2020–2023 (USD MILLION) 144
TABLE 44 CENTRALIZED: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2029 (USD MILLION) 144
10.4 DISTRIBUTED 144
10.4.1 SIMPLE DESIGN AND HIGH RELIABILITY TO DRIVE DEMAND 144
TABLE 45 DISTRIBUTED TOPOLOGY: ADVANTAGES AND DISADVANTAGES 145
FIGURE 51 TYPICAL STRUCTURE OF DISTRIBUTED BMS 145
TABLE 46 DISTRIBUTED: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 145
TABLE 47 DISTRIBUTED: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 146
TABLE 48 DISTRIBUTED: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2020–2023 (USD MILLION) 146
TABLE 49 DISTRIBUTED: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2029 (USD MILLION) 146
11 BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION 147
11.1 INTRODUCTION 148
FIGURE 52 BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION 148
FIGURE 53 AUTOMOTIVE SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029 148
TABLE 50 BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 149
TABLE 51 BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 149
11.2 AUTOMOTIVE 149
11.2.1 GROWING PREFERENCE FOR EVS TO DRIVE MARKET 149
11.2.1.1 Passenger vehicles 150
11.2.1.1.1 Battery electric vehicles (BEVs) 150
11.2.1.1.2 Plug-in hybrid electric vehicles (PHEVs) 151
11.2.1.2 Commercial vehicles (CEVs) 151
11.2.1.3 Other vehicles 152
TABLE 52 AUTOMOTIVE: BATTERY MANAGEMENT SYSTEM MARKET, 2020–2023 (MILLON UNITS) 153
TABLE 53 AUTOMOTIVE: BATTERY MANAGEMENT SYSTEM MARKET, 2024–2029 (MILLION UNITS) 153
TABLE 54 AUTOMOTIVE: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2020–2023 (USD MILLION) 153
TABLE 55 AUTOMOTIVE: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2024–2029 (USD MILLION) 153
TABLE 56 AUTOMOTIVE: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2020–2023 (USD MILLION) 154
TABLE 57 AUTOMOTIVE: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2029 (USD MILLION) 154
11.3 INDUSTRIAL 154
11.3.1 INCREASED DEMAND FOR ELECTRIC-POWERED EQUIPMENT TO FUEL MARKET GROWTH 154
TABLE 58 INDUSTRIAL: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2020–2023 (USD MILLION) 155
TABLE 59 INDUSTRIAL: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2024–2029 (USD MILLION) 156
TABLE 60 INDUSTRIAL: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2020–2023 (USD MILLION) 156
TABLE 61 INDUSTRIAL: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2029 (USD MILLION) 156
11.4 RENEWABLE ENERGY 157
11.4.1 HIGH ADOPTION OF RENEWABLE ENERGY SOURCES TO DRIVE MARKET 157
TABLE 62 RENEWABLE ENERGY: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2020–2023 (USD MILLION) 157
TABLE 63 RENEWABLE ENERGY: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2024–2029 (USD MILLION) 158
TABLE 64 RENEWABLE ENERGY: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2020–2023 (USD MILLION) 158
TABLE 65 RENEWABLE ENERGY: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2029 (USD MILLION) 158
11.5 TELECOMMUNICATIONS 159
11.5.1 INCREASED INVESTMENTS IN TELECOMMUNICATION INFRASTRUCTURE DEVELOPMENT TO FUEL DEMAND 159
TABLE 66 TELECOMMUNICATIONS: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2020–2023 (USD MILLION) 160
TABLE 67 TELECOMMUNICATIONS: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2024–2029 (USD MILLION) 160
TABLE 68 TELECOMMUNICATIONS: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2020–2023 (USD MILLION) 160
TABLE 69 TELECOMMUNICATIONS: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2029 (USD MILLION) 161
11.6 OTHER APPLICATIONS 161
TABLE 70 OTHER APPLICATIONS: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2020–2023 (USD MILLION) 162
TABLE 71 OTHER APPLICATIONS: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2024–2029 (USD MILLION) 163
TABLE 72 OTHER APPLICATIONS: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2020–2023 (USD MILLION) 163
TABLE 73 OTHER APPLICATIONS: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2029 (USD MILLION) 163
12 BATTERY MANAGEMENT SYSTEM MARKET, BY REGION 164
12.1 INTRODUCTION 165
FIGURE 54 BATTERY MANAGEMENT SYSTEM MARKET, BY REGION 165
FIGURE 55 GERMANY AND CHINA TO BE MAJOR MARKETS FOR BATTERY MANAGEMENT SYSTEMS BY 2029 166
TABLE 74 BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2020–2023 (USD MILLION) 166
TABLE 75 BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2029 (USD MILLION) 166
12.2 NORTH AMERICA 167
12.2.1 IMPACT OF RECESSION ON BATTERY MANAGEMENT SYSTEM MARKET IN NORTH AMERICA 167
FIGURE 56 NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET SNAPSHOT 168
TABLE 76 NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 168
TABLE 77 NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 169
TABLE 78 NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2020–2023 (USD MILLION) 169
TABLE 79 NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2024–2029 (USD MILLION) 169
TABLE 80 NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION) 169
TABLE 81 NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION) 170
TABLE 82 NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2020–2023 (USD MILLION) 170
TABLE 83 NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2024–2029 (USD MILLION) 170
TABLE 84 NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 171
TABLE 85 NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 171
12.2.2 US 171
12.2.2.1 Increased investments in battery manufacturing to drive market 171
12.2.3 CANADA 172
12.2.3.1 Rising focus on strengthening battery supply chain to fuel market growth 172
12.2.4 MEXICO 173
12.2.4.1 Expanding manufacturing sector to drive market 173
12.3 EUROPE 174
12.3.1 IMPACT OF RECESSION ON BATTERY MANAGEMENT SYSTEM MARKET IN EUROPE 175
FIGURE 57 EUROPE: BATTERY MANAGEMENT SYSTEM MARKET SNAPSHOT 176
TABLE 86 EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 176
TABLE 87 EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 177
TABLE 88 EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2020–2023 (USD MILLION) 177
TABLE 89 EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2024–2029 (USD MILLION) 177
TABLE 90 EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION) 177
TABLE 91 EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION) 178
TABLE 92 EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2020–2023 (USD MILLION) 178
TABLE 93 EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2024–2029 (USD MILLION) 178
TABLE 94 EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 179
TABLE 95 EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 179
12.3.2 GERMANY 179
12.3.2.1 Presence of prominent automakers to drive demand 179
12.3.3 FRANCE 180
12.3.3.1 Favorable government initiatives and investments in battery research and innovations to drive market 180
12.3.4 UK 181
12.3.4.1 Increasing focus on electrification of transportation services to drive market 181
12.3.5 REST OF EUROPE 181
12.4 ASIA PACIFIC 182
12.4.1 IMPACT OF RECESSION ON BATTERY MANAGEMENT SYSTEM MARKET IN ASIA PACIFIC 183
FIGURE 58 ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET SNAPSHOT 184
TABLE 96 ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 185
TABLE 97 ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 185
TABLE 98 ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2020–2023 (USD MILLION) 185
TABLE 99 ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2024–2029 (USD MILLION) 186
TABLE 100 ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION) 186
TABLE 101 ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION) 186
TABLE 102 ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2020–2023 (USD MILLION) 187
TABLE 103 ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2024–2029 (USD MILLION) 187
TABLE 104 ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 187
TABLE 105 ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 188
12.4.2 CHINA 188
12.4.2.1 High demand for EVs to fuel market growth 188
12.4.3 JAPAN 189
12.4.3.1 Large-scale domestic battery production to drive market 189
12.4.4 INDIA 190
12.4.4.1 Advancements in EV industry to propel market 190
12.4.5 SOUTH KOREA 191
12.4.5.1 Government subsidies for EV and battery manufacturers to drive market 191
12.4.6 REST OF ASIA PACIFIC 192
12.5 ROW 192
12.5.1 IMPACT OF RECESSION ON BATTERY MANAGEMENT SYSTEM MARKET IN ROW 193
FIGURE 59 SOUTH AMERICA TO HOLD MAJOR SHARE OF ROW MARKET IN 2029 193
TABLE 106 ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 194
TABLE 107 ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 194
TABLE 108 ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2020–2023 (USD MILLION) 194
TABLE 109 ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2024–2029 (USD MILLION) 194
TABLE 110 ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION) 195
TABLE 111 ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION) 195
TABLE 112 ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2020–2023 (USD MILLION) 195
TABLE 113 ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2024–2029 (USD MILLION) 196
TABLE 114 ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 196
TABLE 115 ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 196
12.5.2 MIDDLE EAST 197
12.5.2.1 Increased funding for renewable energy sources to drive market 197
TABLE 116 MIDDLE EAST: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2020–2023 (USD MILLION) 198
TABLE 117 MIDDLE EAST: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2029 (USD MILLION) 198
12.5.3 AFRICA 198
12.5.3.1 Large-scale lithium reserves to fuel market growth 198
12.5.4 SOUTH AMERICA 199
12.5.4.1 Emergence as manufacturing hub and foreign investment destination to drive demand 199
13 COMPETITIVE LANDSCAPE 200
13.1 OVERVIEW 200
13.2 KEY STRENGTHS/RIGHT TO WIN, 2020–2024 200
TABLE 118 BATTERY MANAGEMENT SYSTEM MARKET: STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2024 200
13.3 REVENUE ANALYSIS, 2018–2022 202
FIGURE 60 REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2018–2022 203
13.4 MARKET SHARE ANALYSIS, 2023 204
TABLE 119 BATTERY MANAGEMENT SYSTEM MARKET: DEGREE OF COMPETITION, 2023 205
FIGURE 61 BATTERY MANAGEMENT SYSTEM MARKET SHARE ANALYSIS, 2023 205
13.5 COMPANY VALUATION AND FINANCIAL METRICS, 2024 206
FIGURE 62 COMPANY VALUATION, 2024 (USD MILLION) 206
13.6 BRAND/PRODUCT COMPARISON 207
13.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 208
13.7.1 STARS 208
13.7.2 EMERGING LEADERS 208
13.7.3 PERVASIVE PLAYERS 208
13.7.4 PARTICIPANTS 208
FIGURE 65 BATTERY MANAGEMENT SYSTEM MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 209
13.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 210
13.7.5.1 Company footprint 210
FIGURE 66 COMPANY FOOTPRINT 210
13.7.5.2 Application footprint 211
TABLE 120 BATTERY MANAGEMENT SYSTEM MARKET: APPLICATION FOOTPRINT 211
13.7.5.3 Battery type footprint 212
TABLE 121 BATTERY MANAGEMENT SYSTEM MARKET: BATTERY TYPE FOOTPRINT 212
13.7.5.4 Type footprint 213
TABLE 122 BATTERY MANAGEMENT SYSTEM MARKET: TYPE FOOTPRINT 213
13.7.5.5 Region footprint 214
TABLE 123 BATTERY MANAGEMENT SYSTEM MARKET: REGION FOOTPRINT 214
13.8 COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023 215
13.8.1 PROGRESSIVE COMPANIES 215
13.8.2 RESPONSIVE COMPANIES 215
13.8.3 DYNAMIC COMPANIES 215
13.8.4 STARTING BLOCKS 215
FIGURE 67 BATTERY MANAGEMENT SYSTEM MARKET: COMPANY EVALUATION MATRIX (START-UPS/SMES), 2023 216
13.8.5 COMPETITIVE BENCHMARKING: START-UPS/SMES, 2023 217
13.8.5.1 Detailed list of key start-ups/SMEs 217
TABLE 124 BATTERY MANAGEMENT SYSTEM MARKET: DETAILED LIST OF KEY START-UPS/SMES 217
13.8.5.2 Competitive benchmarking of key start-ups/SMEs 217
TABLE 125 BATTERY MANAGEMENT SYSTEM MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES 217
13.9 COMPETITIVE SCENARIOS AND TRENDS 218
13.9.1 PRODUCT LAUNCHES 218
TABLE 126 BATTERY MANAGEMENT SYSTEM MARKET: PRODUCT LAUNCHES, JANUARY 2020–MAY 2024 218
13.9.2 DEALS 219
TABLE 127 BATTERY MANAGEMENT SYSTEM MARKET: DEALS, JANUARY 2020–MAY 2024 219
13.10 LIST OF ADDITIONAL BMS AND RELATED START-UPS/SMES 221
TABLE 128 BATTERY MANAGEMENT SYSTEM MARKET: LIST OF ADDITIONAL START-UPS/SMES 221
14 COMPANY PROFILES 223
14.1 KEY PLAYERS 223
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
14.1.1 EBERSPÄCHER 223
TABLE 129 EBERSPÄCHER: COMPANY OVERVIEW 223
FIGURE 68 EBERSPÄCHER: COMPANY SNAPSHOT 224
TABLE 130 EBERSPÄCHER: PRODUCTS/SOLUTIONS/SERVICES OFFERED 224
TABLE 131 EBERSPÄCHER: PRODUCT LAUNCHES 225
14.1.2 SENSATA TECHNOLOGIES, INC. 227
TABLE 132 SENSATA TECHNOLOGIES, INC.: COMPANY OVERVIEW 227
FIGURE 69 SENSATA TECHNOLOGIES, INC.: COMPANY SNAPSHOT 228
TABLE 133 SENSATA TECHNOLOGIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 229
TABLE 134 SENSATA TECHNOLOGIES, INC.: PRODUCT LAUNCHES 230
TABLE 135 SENSATA TECHNOLOGIES, INC.: DEALS 230
TABLE 136 SENSATA TECHNOLOGIES, INC.: EXPANSIONS 231
14.1.3 LG ENERGY SOLUTION. 233
TABLE 137 LG ENERGY SOLUTION.: COMPANY OVERVIEW 233
FIGURE 70 LG ENERGY SOLUTION.: COMPANY SNAPSHOT 234
TABLE 138 LG ENERGY SOLUTION.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 234
TABLE 139 LG ENERGY SOLUTION.: DEALS 235
TABLE 140 LG ENERGY SOLUTION.: EXPANSIONS 237
14.1.4 AVL 239
TABLE 141 AVL: COMPANY OVERVIEW 239
TABLE 142 AVL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 240
TABLE 143 AVL: EXPANSIONS 240
14.1.5 FICOSA INTERNACIONAL SA 242
TABLE 144 FICOSA INTERNACIONAL SA: COMPANY OVERVIEW 242
TABLE 145 FICOSA INTERNACIONAL SA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 242
14.1.6 PANASONIC HOLDINGS CORPORATION 244
TABLE 146 PANASONIC HOLDINGS CORPORATION: COMPANY OVERVIEW 244
FIGURE 71 PANASONIC HOLDINGS CORPORATION: COMPANY SNAPSHOT 245
TABLE 147 PANASONIC HOLDINGS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 246
TABLE 148 PANASONIC HOLDINGS CORPORATION: PRODUCT LAUNCHES 248
14.1.7 RENESAS ELECTRONICS CORPORATION 249
TABLE 149 RENESAS ELECTRONICS CORPORATION: COMPANY OVERVIEW 249
FIGURE 72 RENESAS ELECTRONICS CORPORATION: COMPANY SNAPSHOT 250
TABLE 150 RENESAS ELECTRONICS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 250
TABLE 151 RENESAS ELECTRONICS CORPORATION: PRODUCT LAUNCHES 251
TABLE 152 RENESAS ELECTRONICS CORPORATION: DEALS 252
14.1.8 TEXAS INSTRUMENTS INCORPORATED 253
TABLE 153 TEXAS INSTRUMENTS INCORPORATED: COMPANY OVERVIEW 253
FIGURE 73 TEXAS INSTRUMENTS INCORPORATED: COMPANY SNAPSHOT 254
TABLE 154 TEXAS INSTRUMENTS INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 254
TABLE 155 TEXAS INSTRUMENTS INCORPORATED: PRODUCT LAUNCHES 255
TABLE 156 TEXAS INSTRUMENTS INCORPORATED: EXPANSIONS 256
14.1.9 ANALOG DEVICES, INC. 257
TABLE 157 ANALOG DEVICES, INC.: COMPANY OVERVIEW 257
FIGURE 74 ANALOG DEVICES, INC.: COMPANY SNAPSHOT 258
TABLE 158 ANALOG DEVICES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 258
TABLE 159 ANALOG DEVICES, INC.: PRODUCT LAUNCHES 260
TABLE 160 ANALOG DEVICES, INC.: DEALS 261
14.1.10 INFINEON TECHNOLOGIES AG 262
TABLE 161 INFINEON TECHNOLOGIES AG: COMPANY OVERVIEW 262
FIGURE 75 INFINEON TECHNOLOGIES AG: COMPANY SNAPSHOT 263
TABLE 162 INFINEON TECHNOLOGIES AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 264
TABLE 163 INFINEON TECHNOLOGIES AG: PRODUCT LAUNCHES 264
TABLE 164 INFINEON TECHNOLOGIES AG: DEALS 265
14.1.11 NXP SEMICONDUCTORS 267
TABLE 165 NXP SEMICONDUCTORS: COMPANY OVERVIEW 267
FIGURE 76 NXP SEMICONDUCTORS: COMPANY SNAPSHOT 268
TABLE 166 NXP SEMICONDUCTORS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 268
TABLE 167 NXP SEMICONDUCTORS: PRODUCT LAUNCHES 269
TABLE 168 NXP SEMICONDUCTORS: DEALS 270
14.1.12 STMICROELECTRONICS 272
TABLE 169 STMICROELECTRONICS: COMPANY OVERVIEW 272
FIGURE 77 STMICROELECTRONICS: COMPANY SNAPSHOT 273
TABLE 170 STMICROELECTRONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 274
TABLE 171 STMICROELECTRONICS: PRODUCT LAUNCHES 275
14.2 OTHER PLAYERS 276
14.2.1 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED. 276
14.2.2 BYD COMPANY LIMITED. 277
14.2.3 SK INNOVATION CO., LTD. 278
14.2.4 BMS POWERSAFE 279
14.2.5 ELITHION, INC. 280
14.2.6 EWERT ENERGY SYSTEMS, INC. 281
14.2.7 EXPONENTIAL POWER 282
14.2.8 FUTAVIS GMBH 283
14.2.9 HANGZHOU XIENENG TECHNOLOGY CO., LTD. 284
14.2.10 LECLANCHÉ SA 285
14.2.11 NUVATION ENERGY 286
14.2.12 POWERTECH SYSTEMS 287
14.2.13 RICARDO 288
14.2.14 NIDEC MOTOR CORPORATION 289
14.2.15 TRONICO 290
14.2.16 XING MOBILITY 291
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
15 ADJACENT MARKET 292
15.1 NICKEL CADMIUM BATTERY MARKET 292
15.1.1 INTRODUCTION 292
TABLE 172 NICKEL CADMIUM BATTERY MARKET, BY TYPE, 2018–2021 (USD MILLION) 292
TABLE 173 NICKEL CADMIUM BATTERY MARKET, BY TYPE, 2022–2027 (USD MILLION) 292
15.1.2 C BATTERIES 293
15.1.2.1 Rising demand in industrial applications to drive market 293
TABLE 174 C BATTERIES: NICKEL CADMIUM BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION) 293
TABLE 175 C BATTERIES: NICKEL CADMIUM BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION) 293
15.1.3 D BATTERIES 293
15.1.3.1 High-capacity range of D-type batteries to drive market 293
TABLE 176 D BATTERIES: NICKEL CADMIUM BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION) 294
TABLE 177 D BATTERIES: NICKEL CADMIUM BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION) 294
15.1.4 A BATTERIES 294
15.1.4.1 Rising usage of a-type batteries in consumer electronic devices to fuel market growth 294
TABLE 178 A BATTERIES: NICKEL CADMIUM BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION) 294
TABLE 179 A BATTERIES: NICKEL CADMIUM BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION) 295
15.1.5 AA BATTERIES 295
15.1.5.1 Increasing adoption of AA batteries in industrial applications to drive market 295
TABLE 180 AA BATTERIES: NICKEL CADMIUM BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION) 295
TABLE 181 AA BATTERIES: NICKEL CADMIUM BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION) 296
15.1.6 AAA BATTERIES 296
15.1.6.1 Rising trend of compact and small-sized electronics to propel market 296
TABLE 182 AAA BATTERIES: NICKEL CADMIUM BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION) 296
TABLE 183 AAA BATTERIES: NICKEL CADMIUM BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION) 297
15.1.7 9 V BATTERIES 297
15.1.7.1 Growing adoption of 9V batteries in high-drain devices to drive market 297
TABLE 184 9 V BATTERIES: NICKEL CADMIUM BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION) 297
TABLE 185 9 V BATTERIES: NICKEL CADMIUM BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION) 298
16 APPENDIX 299
16.1 DISCUSSION GUIDE 299
16.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 303
16.3 CUSTOMIZATION OPTIONS 305
16.4 RELATED REPORTS 305
16.5 AUTHOR DETAILS 306
