Global battery management system market size, Share and market forecast 2026

2016 – 2026

GLOBAL BATTERY MANAGEMENT SYSTEM MARKET FORECAST & OPPORTUNITIES

www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

Scope of Report Product of Interest (POI): Battery Management System

A battery management system is any electronic system that manages a rechargeable battery, such as by protecting the battery from operating outside its safe operating area, monitoring its state, calculating secondary data, reporting that data, controlling its environment, authenticating it and / or balancing it.

Market Segmentation Year Range BATTERY TYPE

APPLICATION

•

Lithium-Ion

•

•

Lead-Acid

• •

Automotive

Asia-Pacific

•

UPS

•

Europe

Nickel based

•

Telecommunications

•

North America

Others

•

Renewable Energy Systems

•

South America

•

Military

•

Middle East & Africa

•

Others

(MEA)

COMPONENT

TYPE

TOPOLOGY •

REGION •

Centralized

•

Distributed

•

Modular

• •

Hardware

•

Stationary Battery

Software

•

Motive Battery

Historical Data

2016 – 2019 Base Year

2020 Estimated Year

2021 Forecast Period

2022 – 2026

2

Table of Contents S. No.

Contents

1.

Product Overview (Definition of Product Type and major terminologies used in the report)

2.

Research Methodology (Detailed description of the methodology used to conduct the research, Raw data backup, list of all secondary sources, List of respondents for primary surveys)

3.

Impact of COVID-19 on Global Battery Management System Market

4.

Executive Summary (This chapter covers summary of the complete study.)

5.

Voice of Customer

6.

Global Battery Management System Market Outlook, 2016-2026F (This chapter includes a brief overview of the product of interest market such as total market’s growth rate, expected growth rate, key growth levers, leading region, top grossing product types, etc. It includes more of a qualitative information about the market.)

6.1.

Market Size & Forecast 6.1.1.

6.2.

6.3.

Page No.

By Value & Volume

Market Share & Forecast 6.2.1.

By Battery Type (Lithium-Ion, Lead-Acid, Nickel based, Others)

6.2.2.

By Topology (Centralized, Distributed, Modular)

6.2.3.

By Type (Stationary Battery, Motive Battery)

6.2.4.

By Component(Hardware, Software)

6.2.5.

By Application (Automotive, UPS, Telecommunications, Renewable Energy Systems, Military and Others)

6.2.6.

By Company (2020)

6.2.7.

By Region

Product Market Map

3

Table of Contents S. No. 7.

Contents

Page No.

Asia-Pacific Battery Management System Market Outlook

7.1.

Market Size & Forecast 7.1.1.

7.2.

7.3.

By Value & Volume

Market Share & Forecast 7.2.1.

By Battery Type

7.2.2.

By Topology

7.2.3.

By Type

7.2.4.

By Component

7.2.5.

By Application

7.2.6.

By Country

Asia-Pacific: Country Analysis 7.3.1.

China Battery Management System Market Outlook 7.3.1.1.

Market Size & Forecast 7.3.1.1.1.

7.3.1.2.

By Value & Volume

Market Share & Forecast 7.3.1.2.1.

By Battery Type

7.3.1.2.2.

By Topology

7.3.1.2.3.

By Type

7.3.1.2.4.

By Component

7.3.1.2.5.

By Application

4

Table of Contents S. No.

Contents 7.3.2.

India Battery Management System Market Outlook

7.3.2.1.

Market Size & Forecast 7.3.2.1.1.

7.3.2.2.

7.3.3.

Page No.

By Value & Volume

Market Share & Forecast 7.3.2.2.1.

By Battery Type

7.3.2.2.2.

By Topology

7.3.2.2.3.

By Type

7.3.2.2.4.

By Component

7.3.2.2.5.

By Application

Japan Battery Management System Market Outlook 7.3.3.1.

Market Size & Forecast 7.3.3.1.1.

7.3.3.2.

By Value & Volume

Market Share & Forecast 7.3.3.2.1.

By Battery Type

7.3.3.2.2.

By Topology

7.3.3.2.3.

By Type

7.3.3.2.4.

By Component

7.3.3.2.5.

By Application

5

Table of Contents S. No.

Contents 7.3.4.

South Korea Battery Management System Market Outlook

7.3.4.1.

Market Size & Forecast 7.3.4.1.1.

7.3.4.2.

7.3.5.

Page No.

By Value & Volume

Market Share & Forecast 7.3.4.2.1.

By Battery Type

7.3.4.2.2.

By Topology

7.3.4.2.3.

By Type

7.3.4.2.4.

By Component

7.3.4.2.5.

By Application

Thailand Battery Management System Market Outlook 7.3.5.1.

Market Size & Forecast 7.3.5.1.1.

7.3.5.2.

By Value & Volume

Market Share & Forecast 7.3.5.2.1.

By Battery Type

7.3.5.2.2.

By Topology

7.3.5.2.3.

By Type

7.3.5.2.4.

By Component

7.3.5.2.5.

By Application

6

Table of Contents S. No. 8.

Contents

Page No.

Europe Battery Management System Market Outlook

8.1.

Market Size & Forecast 8.1.1.

8.2.

8.3.

By Value & Volume

Market Share & Forecast 8.2.1.

By Battery Type

8.2.2.

By Topology

8.2.3.

By Type

8.2.4.

By Component

8.2.5.

By Application

8.2.6.

By Country

Europe: Country Analysis 8.3.1.

France Battery Management System Market Outlook 8.3.1.1.

Market Size & Forecast 8.3.1.1.1.

8.3.1.2.

By Value & Volume

Market Share & Forecast 8.3.1.2.1.

By Battery Type

8.3.1.2.2.

By Topology

8.3.1.2.3.

By Type

8.3.1.2.4.

By Component

8.3.1.2.5.

By Application

7

Table of Contents S. No.

Contents 8.3.2.

Germany Battery Management System Market Outlook

8.3.2.1.

Market Size & Forecast 8.3.2.1.1.

8.3.2.2.

8.3.3.

Page No.

By Value & Volume

Market Share & Forecast 8.3.2.2.1.

By Battery Type

8.3.2.2.2.

By Topology

8.3.2.2.3.

By Type

8.3.2.2.4.

By Component

8.3.2.2.5.

By Application

United Kingdom Battery Management System Market Outlook 8.3.3.1.

Market Size & Forecast 8.3.3.1.1.

8.3.3.2.

By Value & Volume

Market Share & Forecast 8.3.3.2.1.

By Battery Type

8.3.3.2.2.

By Topology

8.3.3.2.3.

By Type

8.3.3.2.4.

By Component

8.3.3.2.5.

By Application

8

Table of Contents S. No.

Contents 8.3.4.

Italy Battery Management System Market Outlook

8.3.4.1.

Market Size & Forecast 8.3.4.1.1.

8.3.4.2.

8.3.5.

Page No.

By Value & Volume

Market Share & Forecast 8.3.4.2.1.

By Battery Type

8.3.4.2.2.

By Topology

8.3.4.2.3.

By Type

8.3.4.2.4.

By Component

8.3.4.2.5.

By Application

Spain Battery Management System Market Outlook 8.3.5.1.

Market Size & Forecast 8.3.5.1.1.

8.3.5.2.

By Value & Volume

Market Share & Forecast 8.3.5.2.1.

By Battery Type

8.3.5.2.2.

By Topology

8.3.5.2.3.

By Type

8.3.5.2.4.

By Component

8.3.5.2.5.

By Application

9

Table of Contents S. No.

Contents 8.3.6.

Russia Battery Management System Market Outlook 8.3.6.1.

Market Size & Forecast 8.3.6.1.1.

8.3.6.2.

9.

Page No.

By Value & Volume

Market Share & Forecast 8.3.6.2.1.

By Battery Type

8.3.6.2.2.

By Topology

8.3.6.2.3.

By Type

8.3.6.2.4.

By Component

8.3.6.2.5.

By Application

North America Battery Management System Market Outlook 9.1.

Market Size & Forecast 9.1.1.

9.2.

By Value & Volume

Market Share & Forecast

9.2.1.

By Battery Type

9.2.2.

By Topology

9.2.3.

By Type

9.2.4.

By Component

9.2.5.

By Application

9.2.6.

By Country

10

Table of Contents S. No.

Contents 9.3.

Page No.

North America: Country Analysis 9.3.1.

United States Battery Management System Market Outlook 9.3.1.1.

Market Size & Forecast 9.3.1.1.1.

9.3.1.2.

9.3.2.

By Value & Volume

Market Share & Forecast 9.3.1.2.1.

By Battery Type

9.3.1.2.2.

By Topology

9.3.1.2.3.

By Type

9.3.1.2.4.

By Component

9.3.1.2.5.

By Application

Mexico Battery Management System Market Outlook 9.3.2.1.

Market Size & Forecast 9.3.2.1.1.

9.3.2.2.

By Value & Volume

Market Share & Forecast 9.3.2.2.1.

By Battery Type

9.3.2.2.2.

By Topology

9.3.2.2.3.

By Type

9.3.2.2.4.

By Component

9.3.2.2.5.

By Application

11

Table of Contents S. No.

Contents 9.3.3.

Canada Battery Management System Market Outlook 9.3.3.1.

Market Size & Forecast 9.3.3.1.1.

9.3.3.2.

10.

Page No.

By Value & Volume

Market Share & Forecast 9.3.3.2.1.

By Battery Type

9.3.3.2.2.

By Topology

9.3.3.2.3.

By Type

9.3.3.2.4.

By Component

9.3.3.2.5.

By Application

South America Battery Management System Market Outlook 10.1.

Market Size & Forecast 10.1.1.

10.2.

By Value & Volume

Market Share & Forecast 10.2.1.

By Battery Type

10.2.2.

By Topology

10.2.3.

By Type

10.2.4.

By Component

10.2.5.

By Application

10.2.6.

By Country

12

Table of Contents S. No.

Contents 10.3.

Page No.

South America: Country Analysis 10.3.1.

Brazil Battery Management System Market Outlook 10.3.1.1.

Market Size & Forecast 10.3.1.1.1.

10.3.1.2.

10.3.2.

By Value & Volume

Market Share & Forecast 10.3.1.2.1.

By Battery Type

10.3.1.2.2.

By Topology

10.3.1.2.3.

By Type

10.3.1.2.4.

By Component

10.3.1.2.5.

By Application

Argentina Battery Management System Market Outlook 10.3.2.1.

Market Size & Forecast 10.3.2.1.1.

10.3.2.2.

By Value & Volume

Market Share & Forecast 10.3.2.2.1.

By Battery Type

10.3.2.2.2.

By Topology

10.3.2.2.3.

By Type

10.3.2.2.4.

By Component

10.3.2.2.5.

By Application

13

Table of Contents S. No.

Contents 10.3.3.

Colombia Battery Management System Market Outlook 10.3.3.1.

Market Size & Forecast 10.3.3.1.1.

10.3.3.2.

11.

Page No.

By Value & Volume

Market Share & Forecast 10.3.3.2.1.

By Battery Type

10.3.3.2.2.

By Topology

10.3.3.2.3.

By Type

10.3.3.2.4.

By Component

10.3.3.2.5.

By Application

Middle East & Africa Battery Management System Market Outlook 11.1.

Market Size & Forecast 11.1.1.

11.2.

By Value & Volume

Market Share & Forecast 11.2.1.

By Battery Type

11.2.2.

By Topology

11.2.3.

By Type

11.2.4.

By Component

11.2.5.

By Application

11.2.6.

By Country

14

Table of Contents S. No.

Contents 11.3.

Page No.

MEA: Country Analysis 11.3.1.

Saudi Arabia Battery Management System Market Outlook 11.3.1.1.

Market Size & Forecast 11.3.1.1.1.

11.3.1.2.

11.3.2.

By Value & Volume

Market Share & Forecast 11.3.1.2.1.

By Battery Type

11.3.1.2.2.

By Topology

11.3.1.2.3.

By Type

11.3.1.2.4.

By Component

11.3.1.2.5.

By Application

South Africa Battery Management System Market Outlook 11.3.2.1.

Market Size & Forecast 11.3.2.1.1.

11.3.2.2.

By Value & Volume

Market Share & Forecast 11.3.2.2.1.

By Battery Type

11.3.2.2.2.

By Topology

11.3.2.2.3.

By Type

11.3.2.2.4.

By Component

11.3.2.2.5.

By Application

15

Table of Contents S. No.

Contents 11.3.3.

UAE Battery Management System Market Outlook

11.3.3.1.

Market Size & Forecast 11.3.3.1.1.

11.3.3.2.

11.3.4.

Page No.

By Value & Volume

Market Share & Forecast 11.3.3.2.1.

By Battery Type

11.3.3.2.2.

By Topology

11.3.3.2.3.

By Type

11.3.3.2.4.

By Component

11.3.3.2.5.

By Application

Turkey Battery Management System Market Outlook 11.3.4.1.

Market Size & Forecast 11.3.4.1.1.

11.3.4.2.

By Value & Volume

Market Share & Forecast 11.3.4.2.1.

By Battery Type

11.3.4.2.2.

By Topology

11.3.4.2.3.

By Type

11.3.4.2.4.

By Component

11.3.4.2.5.

By Application

16

Table of Contents S. No. 12.

Contents

Page No.

Market Dynamics 12.1.

Drivers

12.2.

Challenges

13.

Market Trends and Developments

14.

Competitive Landscape 14.1.

Competition Outlook

14.2.

Company Profiles (Partial List of Leading Companies) 14.2.1.

Company Details

14.2.2.

Products & Services

14.2.3.

Financials (As Reported)

14.2.4.

Key Market Focus & Geographical Presence

14.2.5.

Recent Developments

14.2.6.

Key Management Personnel

15.

Strategic Recommendations

16.

About Us & Disclaimer

17

RESEARCH METHODOLOGY

Research Methodology

Market Profiling

In-depth secondary research was conducted to determine top players in the global battery management system market, overall market size and segmental market size.

Formulating Questionnaire

In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide.

Developing List of Respondents

Data Collection

Data Validation

Data obtained as a result of primary and secondary research was validated through rigorous triangulation.

TechSci conducted interviews with industry experts and industry players for data collection and verification.

List of industry players and industry specialists was developed.

Primary Research

Data Collection

Data Filter & Analysis

Research & Intelligence

Actionable Insights

Business Solution

LinkedIn TechSci Internal Database

✓ Recent Developments ✓ Market Changing Aspects/Dynamics ✓ Government Policies ✓ Conclusion

✓ Identifying Key Opinion Leaders ✓ Questionnaire Design ✓ In-depth Interviews

Primary Research ✓ ✓

Desk Research

Secondary Research ✓ ✓ ✓ ✓ ✓ ✓ ✓

Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc.

Data Analysis

The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the global battery management system market.

Company Analysis ✓ Market Participants ✓ Key Strengths

Paid Sources

✓ ✓

Factiva Hoovers

19

Research Methodology Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed various aspects of the global battery management system market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as battery management system. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the global battery management system market.

Methodology Followed for Calculation of Market Size:

•

Market Size by Value & Volume: Market size, in terms of value & volume, for the year 2020 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as battery management system companies, channel partners, market influencers & end users, industry experts, and other industry participants.

•

The team interviewed more than 15 – 20 battery management system companies, 100 – 120 end users, and 15 – 20 industry experts and

other value chain stakeholders in the global battery management system market to obtain the overall market size from 2016 to 2020, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2016-2020.

20

Research Methodology •

Respondents were asked about the current and future market growth rates, market shares by battery type, by topology, by type, by component, by application, by company and by region. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders.

Methodology Followed for Calculation of Market Shares: •

Market shares by battery type, by topology, by type, by component, by application, by company and by region were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of battery management system markets. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers.

Methodology Followed for Forecasting: •

TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software.

•

Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global battery management system market, TechSci Research used various forecast techniques such as:

✓

Moving Average

✓

Time Series Analysis

✓

Regression Analysis

✓

Econometric and Judgmental Analysis

21

Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long- term period to estimate and analyse market demand scenario. It should be noted that the figures compiled are only for the organized market including market share data.

Partial List of Companies Interviewed

▪

Linear Technology Corporation

▪ Lithium Balance A/S ▪ Johnson Matthey PLC

Key Secondary Sources

▪ World Bank ▪ TechSci Research Proprietary Database & Knowledge Repository

▪ Elithion, Inc.

▪ Company Annual Reports

▪ AVL List

▪ Industry Magazines

▪ Toshiba

▪ Industry Reports

▪ Panasonic

▪ News Dailies

▪ Texas Instruments, Inc.

▪ Credible Paid Databases

▪ Valence Technology, Inc. ▪ Ventec SAS

© TechSci Research

22

Industry Brief According to TechSci Research report, “Global Battery Management System Market By Battery Type (Lithium-Ion, Lead-Acid, Nickel based, Others), By Topology (Centralized, Distributed, Modular), By Type (Stationary Battery, Motive Battery), By Component (Hardware, Software), By Application (Automotive, UPS, Telecommunications, Renewable Energy Systems, Military and Others), By Company, By Region, Forecast & Opportunities, 2026”, the global battery management system market is expected to witness significant growth for the next five years on account of increasing efforts of manufacturers to design battery management system miniature versions integrated with small electronic components. Battery management system offers different features such as battery charger control, cell-over voltage and under-voltage protection and it also monitors the health of battery pack, among others. Manufacturers are integrating battery management system with e-vehicles and e-bikes to avoid incidents and ensure optimum usage of battery storage capacity. Increasing cost of fuel and government policies and regulations regarding carbon dioxide emissions is accelerating the product demand. To ensure the proper functioning and controlling of battery and monitor crucial functions such as battery performance and maintenance scheduling, to check if the battery is overcharged or undercharged, voltages and currents, temperature, among others. Increasing demand for consumer and portable electronics and presence of customer engaging applications is making the users to use the devices for long duration of time and therefore require long hours of battery usage. Growing need for electricity generation to cater to the growing needs of rising population is fueling the global battery management system market.

However, the lack of skilled labors who can implement and test the battery management system and the associated high cost may create hindrance to the market growth.

Global battery management system market is segmented into battery type, topology, type, component, application, region, and company. Based on battery type, market is further divided into lithium-ion, lead-acid, nickel based and others. Nickel based batteries followed closely by other battery segments is expected to dominate the battery management system market for the forecast period. Nickel metal batteries are secondary batteries having high energy density in which environment friendly materials are used. Nickel batteries find diverse applications in electric vehicles, portable devices, smart grids, and others. Flow batteries can withstand extreme temperatures which make them suitable for renewable energy resources. Solid-state batteries have higher shelf life, nonflammable, are safe and release large amounts of energy. Based on topology, market is fragmented into centralized, distributed, and modular. Modular segment is expected to witness fastest growth for the next five years. Manufacturers prefer modular segment over its counter-parts due to its high computational power and it does not require complex wire harness, so it is considered more secure. Modular topology finds diverse application in various verticals comprising of industrial UPS, medical mobility vehicles, electric vehicles, drones, and energy storage systems, among others which is the main contributing factor for high market demand for the forecast period. Based on application, market is segregated into automotive, UPS, telecommunications, renewable energy systems, military, and others. The automotive industry is dominating the market and is expected to maintain its dominance throughout the forecast period. Rising demand for rechargeable battery in plug-in hybrid vehicles and hybrid electric vehicles is fostering the market demand. Technological advancements in electric vehicles to minimize the fuel costs and maximize vehicle efficiency is contributing significantly to the battery management system market growth.

Linear Technology Corporation, Lithium Balance A/S, Johnson Matthey PLC, Elithion, Inc., AVL List, Toshiba, Panasonic, Texas Instruments, Inc., Valence Technology, Inc., Ventec SAS are the leading players operating in global battery management system market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several battery management system manufacturers are coming up with their technologically advanced offerings.

“Stringent government policies around the world to reduce the carbon footprint and promotion of electric vehicles to reduce the carbon emissions is driving the battery management system market. Adoption of renewable energy and environment-friendly resources by automotive manufacturers and telecom operators to take the benefits of tax relaxations and subsidies is boosting the battery management market across the globe. Integration of emerging technologies such as artificial intelligence, machine learning, internet of thigs with battery management systems is expected to propel the market growth until 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

23

Sample Data - Snapshot Global Battery Management System Market Size, By Value (USD Million), By Volume (Thousand Units), 2016-2026F

5.00 10.00 2016

7.00 30.00

6.00 20.00

8.00 40.00

CAGR BY VALUE: XX% CAGR BY VOLUME: XX%

9.00 50.00

10.00 60.00

2020

2021E

12.00 80.00

11.00 70.00

By Value (USD Million)

14.00 100.00

13.00 90.00

15.00 110.00

2026F

CAGR BY VALUE: XX% CAGR BY VOLUME: XX%

By Volume (Thousand Units)

North America Battery Management System Market Share, By Battery Type, By Volume, 2016–2026F Lithium-Ion 2026F 2025F 2024F 2023F 2022F 2021E 2020 2019 2018 2017 2016

25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%

Lead-Acid

Nickel based

25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%

Others

25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%

25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%

United States Battery Management System Market Share, By Topology, By Volume, 2016–2026F Centralized 2026F 2025F 2024F 2023F 2022F 2021E 2020 2019 2018 2017 2016

33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33%

Distributed

33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33%

Modular

34% 34% 34% 34% 34% 34% 34% 34% 34% 34% 34%

24

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About Us & Disclaimer

TechSci Research is a global market research and consulting company with offices in the US, UK and Indonesia. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.

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