What is Power Battery Management System?
Battery management system (BMS) is any electronic system that manages a rechargeable battery by protecting the battery from operating. Battery management system (BMS) is an electronic regulator that monitors and controls the charging and discharging of rechargeable batteries. This system manages safe operating area, monitoring its state, calculating secondary data, reporting that data, controlling its environment. Growing demand for batteries in number of end use industry. Increasing automobiles industry has created multiple growth opportunity. In addition, growing demand for better battery performance is impacting on the demand for BMS. Geographically, Asia pacific region is expected to gain highest market share owing to increasing automobiles industrial expenditure followed by North America and Europe.
The market study is broken down by Type (Stationary Battery and Motive Battery), by Application (Automotive {Electronic Vehicle, Automated Guided Vehicles}, Telecommunications, Medical Devices and Others) and major geographies with country level break-up.
Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Freemens SAS (France), Leclanche (Switzerland), Toshiba (Japan), Sensata (United States), Robert Bosch GmBH (Germany), Nuvation Engineering (United States), Elithion, Eberspaecher Vecture (Canada), East Penn Manufacturing Company (United States), Storage Battery Systems (United States), Johnson Matthey (United Kingdom) and Infineon Technology. (Germany) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Power Battery Management System market by Type, Application and Region.
On the basis of geography, the market of Power Battery Management System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Functional Blocks, the sub-segment i.e. Cutoff Fets will boost the Power Battery Management System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Battery Type, the sub-segment i.e. Lithium Ion will boost the Power Battery Management System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In February 2018, French battery management company, Freemens SAS has acquired ION Energy. ION Energy is high-performance energy storage systems building company. Wth this acquisition, Freemens is going to continue working with their current clients which include Airbus Safran, CarWatt, NTN SNR and 20+ others. In addition, ION has invested into this business and grow the portfolio of customers in India, US & other parts of EU.
In 2021, Sensata is a leading industrial technology company that develops sensors, sensor-based solutions has acquired Lithium Balance. Lithium balance is one of the leading technology provider for battery management systems (BMS). With this transaction, Lithium Balance will become an integral part of Sensata and will leverage Sensata’s channels and customer relationships in the mobile and stationary clean energy markets where the demand for battery technology is growing rapidly due to the transition from fossil fuels to clean, renewable energy.
Market Trend
- Lithium Battery is expected to gain Highest Market Share
Market Drivers
- Increasing Infrastructure of Automotive & Medical Devices
- Growing Adoptions of Electronic Vehicles
Opportunities
- Innovations and Technology Advancement in Power Battery Management System
- Increasing Demand for Maximizing Vehicle Efficiency has Created Growth Opportunity
Restraints
- High Cost of Battery Management System
Challenges
- Lack of Technical Personnel
Key Target Audience
Power Battery Management System Manufacturers, Power Battery Management System Suppliers, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.