Global Battery Management Systems Market, Forecast to 2024

Global Battery Management Systems Market, Forecast to 2024

Rising Adoption of Electric Vehicles and Increasing Popularity of Renewable Energy Integration Drives BMS Demand

RELEASE DATE
22-Nov-2018
REGION
Global
Research Code: K1D5-01-00-00-00
SKU: EG01953-GL-MR_22811
$4,950.00
In stock
SKU
EG01953-GL-MR_22811
$4,950.00
DownloadLink

Pay by invoice

ENQUIRE NOW

Description

Battery management systems (BMS) are critical to ensure the safe and reliable operation of batteries, especially in advanced applications. The BMS market mirrors the growth of the battery market, and it is expected to grow steadily throughout the forecast period due to the increasing adoption of electric vehicles (xEVs), rising popularity of battery energy storage (BES) solutions, and extensive use of advanced battery technology in other applications. BMS for automotive application is a high-growth application and a major market driver. Additionally, the increasing focus on stationary BES for renewable integration and grid stabilization, along with the utilization in telecommunication backup applications, will sustain the growth of the market.

North America generates most of the global BMS demand as it hosts major EV manufacturers and BES projects. The Asia-Pacific market, meanwhile, is expanding rapidly due to the boom of the battery and EV markets in China as well as the commissioning of large BES projects throughout the region.

The BMS market comprises battery manufacturers as well as automotive original equipment manufacturers (OEMs) that make BMS in-house for their battery packs, and dedicated BMS OEMs that make off-the-shelf solutions. The in-house battery manufacturers hold the majority of market shares.

Lithium-ion is expected to remain the dominant battery chemistry in the BMS space due to its increasing use in advanced battery applications as well as its inherently dynamic nature. Advanced BMS with wireless systems, user-friendly features, and lower complexity will experience greater demand in advanced battery applications. Similarly, dedicated BMS OEMs that are able to manufacture configurable BMS solutions are set to find greater market success. BMS manufacturers must invest in R&D to ensure the compatibility of their products with increasingly complex application systems and emerging battery chemistries. Furthermore, they need to work towards developing systems compatible with emerging chemistries, such as solid state batteries, to gain an early-mover advantage. BMS manufacturers also need to ensure that their products meet emerging industry standards in order to stay relevant in the BMS market.

Meanwhile, battery manufacturers and automotive OEMs that outsource their BMS solutions are attempting to enter the BMS industry chain through M&A with dedicated BMS manufacturers. This allows the battery manufacturers and automotive OEMs to utilize BMS manufacturers' existing technological expertise and market presence, thus eliminating the need for extensive R&D to develop proprietary BMS solutions.

Table of Contents

Key Findings

Market Engineering Measurements

CEO’s Perspective

Market Overview—Definitions

Market Segmentation Based on Geographical Region

Market Segmentation Based on End-user Applications

Market Segmentation Based on Battery Chemistries

Market Distribution Channels

Market Drivers

Market Restraints

Market Engineering Measurements

Total BMS Market—Revenue Forecast

Total BMS Market—Global Hot Spots

Total BMS Market—Off-the-shelf versus In-house

Total BMS Market—Off-the-shelf versus In-house Revenue Forecast

Total BMS Market—Off-the-shelf versus In-house

Percent Revenue Forecast by Geographic Region

Revenue Forecast by Geographic Region

Percent Revenue Forecast by End-user Application

Revenue Forecast by End-user Application

End-user Application—Technology Maturity Level

xEV Battery Cost Breakdown

Total xEv Market—Market Structure

Global xEVs Market Forecast

xEVs Market by Country

Global Battery Energy Storage Market Revenue by End-use Sector

Grid-scale Battery Energy Storage by Country

Global Telecommunication Battery Market Forecast

Military Expenditure by Country

Percent Revenue Breakdown Battery Chemistries

Revenue Forecast by Battery Chemistries

Total BMS Market—Market Share

Total BMS Market—Market Share Analysis

Total BMS Market—Market Structure

Total BMS Market—Market Participants

Total BMS Market—Competitive Environment

Total BMS Market—Competitive Factors and Assessment

Growth Opportunity 1—Mergers and Acquisition

Growth Opportunity 2—Intelligent BMS and Standardization

Strategic Imperatives for Success and Growth

The Last Word—3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

Partial List of Companies Under “Others”

Abbreviations and Acronyms Used

List of Exhibits

List of Figures
  • 1. Total BMS Market: End-user Applications, Global, 2017
  • 2. Total BMS Market: Key Market Drivers, Global, 2018–2024
  • 3. Total BMS Market: Key Market Restraints, Global, 2018–2024
  • 4. Total BMS Market: Market Engineering Measurements, Global, 2017
  • 5. Total BMS Market: Off-the-shelf vs In-house Revenue Forecast, Global, 2014–2024
  • 6. Total BMS Market: Revenue Forecast by Region, Global, 2014–2024
  • 7. Total BMS Market: Revenue Forecast by End-user Application, Global, 2014–2024
  • 8. Total xEV Market: Market Structure, Global, 2017
  • 9. Total BMS Market: Revenue Forecast by Battery Chemistries, Global, 2014–2024
  • 10. Total BMS Market: Company Market Share Analysis of Top 4 Participants, Global, 2017
  • 11. Total Battery Management System Market: Market Participants, Global, 2017
  • 12. Total BMS Market: Competitive Structure, Global, 2017
List of Charts
  • 1. Total BMS Market: Market Engineering Measurements, Global, 2017
  • 2. Total BMS Market: Layout of Battery Management System, Global, 2017
  • 3. Total BMS Market: Percent Revenue Breakdown by Geographical Region, Global, 2017
  • 4. Total BMS Market: Percent Revenue Breakdown by End-user Application, Global, 2017
  • 5. Total BMS Market: Percent Revenue Breakdown by Battery Chemistries, Global, 2017
  • 6. Total BMS Market: Distribution Channels, Global, 2017
  • 7. Total BMS Market: xEVs Revenue by Region, Global, 2017
  • 8. Total BMS Market: xEVs Split by EV Type, Global, 2017
  • 9. Total BMS Market: Grid-scale Battery Energy Storage System Generation and Installed Capacity, Global, 2017–2018
  • 10. Total BMS Market: Revenue Forecast, Global, 2014–2024
  • 11. Total BMS Market: Off-the-shelf vs In-house Split, Global, 2014–2024
  • 12. Total BMS Market: Percent Revenue Forecast by Region, 2014–2024
  • 13. Total BMS Market: Revenue Forecast by End-user Market, Global, 2014–2024
  • 14. Total BMS Market: Technology Maturity Level, Global, 2017
  • 15. Total xEV Market: Lithium-ion Cost Breakdown, Global, 2017
  • 16. Total xEV market: xEV Unit Shipment Forecast, Global, 2017–2024
  • 17. Total xEV Market: Top 5 Countries by EV Unit Sales, 2017
  • 18. Battery Energy Storage Market: Market Revenue by End-use sector, Global, 2017 and 2018
  • 19. Battery Energy Storage Market: Top 5 Attractive Countries by Grid-scale Energy Storage Systems Installation Forecast, Global, 2017
  • 20. Telecommunication Battery Market: Revenue Forecast, Global, 2017–2024
  • 21. Top 5 Countries with Highest Military Expenditure, Global, 2017
  • 22. Total BMS Market: Percent Revenue Forecast by Battery Chemistries 2014–2024
  • 23. Total BMS Market: Percent Revenue Breakdown, Global, 2017
  • 24. Total Battery Management System Market: Market Structure, Global, 2017
Related Research
Battery management systems (BMS) are critical to ensure the safe and reliable operation of batteries, especially in advanced applications. The BMS market mirrors the growth of the battery market, and it is expected to grow steadily throughout the forecast period due to the increasing adoption of electric vehicles (xEVs), rising popularity of battery energy storage (BES) solutions, and extensive use of advanced battery technology in other applications. BMS for automotive application is a high-growth application and a major market driver. Additionally, the increasing focus on stationary BES for renewable integration and grid stabilization, along with the utilization in telecommunication backup applications, will sustain the growth of the market. North America generates most of the global BMS demand as it hosts major EV manufacturers and BES projects. The Asia-Pacific market, meanwhile, is expanding rapidly due to the boom of the battery and EV markets in China as well as the commissioning of large BES projects throughout the region. The BMS market comprises battery manufacturers as well as automotive original equipment manufacturers (OEMs) that make BMS in-house for their battery packs, and dedicated BMS OEMs that make off-the-shelf solutions. The in-house battery manufacturers hold the majority of market shares. Lithium-ion is expected to remain the dominant battery chemistry in the BMS space due to its increasing use in advanced battery applications as well as its inherently dynamic nature. Advanced BMS with wireless systems, user-friendly features, and lower complexity will experience greater demand in advanced battery applications. Similarly, dedicated BMS OEMs that are able to manufacture configurable BMS solutions are set to find greater market success. BMS manufacturers must invest in R&D to ensure the compatibility of their products with increasingly complex application systems and emerging battery chemistries. Furthermore, they need to work towards develop
More Information
No Index No
Podcast No
Table of Contents | Executive Summary~ || Key Findings~ || Market Engineering Measurements~ || CEO’s Perspective~ | Market Overview~ || Market Overview—Definitions~ || Market Segmentation Based on Geographical Region~ || Market Segmentation Based on End-user Applications~ || Market Segmentation Based on Battery Chemistries~ || Market Distribution Channels~ | Drivers and Restraints—Total BMS Market~ || Market Drivers~ || Market Restraints~ | Forecasts and Trends—Total BMS Market~ || Market Engineering Measurements~ || Total BMS Market—Revenue Forecast~ || Total BMS Market—Global Hot Spots~ || Total BMS Market—Off-the-shelf versus In-house~ || Total BMS Market—Off-the-shelf versus In-house Revenue Forecast~ || Total BMS Market—Off-the-shelf versus In-house~ || Percent Revenue Forecast by Geographic Region~ || Revenue Forecast by Geographic Region~ || Percent Revenue Forecast by End-user Application~ || Revenue Forecast by End-user Application~ || End-user Application—Technology Maturity Level~ || xEV Battery Cost Breakdown~ || Total xEv Market—Market Structure~ || Global xEVs Market Forecast~ || xEVs Market by Country~ || Global Battery Energy Storage Market Revenue by End-use Sector~ || Grid-scale Battery Energy Storage by Country~ || Global Telecommunication Battery Market Forecast~ || Military Expenditure by Country~ || Percent Revenue Breakdown Battery Chemistries~ || Revenue Forecast by Battery Chemistries~ | Market Share and Competitive Analysis—Total BMS Market~ || Total BMS Market—Market Share~ || Total BMS Market—Market Share Analysis~ || Total BMS Market—Market Structure~ || Total BMS Market—Market Participants~ || Total BMS Market—Competitive Environment~ || Total BMS Market—Competitive Factors and Assessment~ | Growth Opportunities and Companies to Action~ || Growth Opportunity 1—Mergers and Acquisition~ || Growth Opportunity 2—Intelligent BMS and Standardization~ || Strategic Imperatives for Success and Growth~ | The Last Word~ || The Last Word—3 Big Predictions~ || Legal Disclaimer~ | Appendix~ || Market Engineering Methodology~ || Partial List of Companies Under “Others”~ || Abbreviations and Acronyms Used~ || List of Exhibits~
List of Charts and Figures 1. Total BMS Market: End-user Applications, Global, 2017~ 2. Total BMS Market: Key Market Drivers, Global, 2018–2024~ 3. Total BMS Market: Key Market Restraints, Global, 2018–2024~ 4. Total BMS Market: Market Engineering Measurements, Global, 2017~ 5. Total BMS Market: Off-the-shelf vs In-house Revenue Forecast, Global, 2014–2024~ 6. Total BMS Market: Revenue Forecast by Region, Global, 2014–2024~ 7. Total BMS Market: Revenue Forecast by End-user Application, Global, 2014–2024~ 8. Total xEV Market: Market Structure, Global, 2017~ 9. Total BMS Market: Revenue Forecast by Battery Chemistries, Global, 2014–2024~ 10. Total BMS Market: Company Market Share Analysis of Top 4 Participants, Global, 2017~ 11. Total Battery Management System Market: Market Participants, Global, 2017~ 12. Total BMS Market: Competitive Structure, Global, 2017~| 1. Total BMS Market: Market Engineering Measurements, Global, 2017~ 2. Total BMS Market: Layout of Battery Management System, Global, 2017~ 3. Total BMS Market: Percent Revenue Breakdown by Geographical Region, Global, 2017~ 4. Total BMS Market: Percent Revenue Breakdown by End-user Application, Global, 2017~ 5. Total BMS Market: Percent Revenue Breakdown by Battery Chemistries, Global, 2017~ 6. Total BMS Market: Distribution Channels, Global, 2017~ 7. Total BMS Market: xEVs Revenue by Region, Global, 2017~ 8. Total BMS Market: xEVs Split by EV Type, Global, 2017~ 9. Total BMS Market: Grid-scale Battery Energy Storage System Generation and Installed Capacity, Global, 2017–2018~ 10. Total BMS Market: Revenue Forecast, Global, 2014–2024~ 11. Total BMS Market: Off-the-shelf vs In-house Split, Global, 2014–2024~ 12. Total BMS Market: Percent Revenue Forecast by Region, 2014–2024~ 13. Total BMS Market: Revenue Forecast by End-user Market, Global, 2014–2024~ 14. Total BMS Market: Technology Maturity Level, Global, 2017~ 15. Total xEV Market: Lithium-ion Cost Breakdown, Global, 2017~ 16. Total xEV market: xEV Unit Shipment Forecast, Global, 2017–2024~ 17. Total xEV Market: Top 5 Countries by EV Unit Sales, 2017~ 18. Battery Energy Storage Market: Market Revenue by End-use sector, Global, 2017 and 2018~ 19. Battery Energy Storage Market: Top 5 Attractive Countries by Grid-scale Energy Storage Systems Installation Forecast, Global, 2017~ 20. Telecommunication Battery Market: Revenue Forecast, Global, 2017–2024~ 21. Top 5 Countries with Highest Military Expenditure, Global, 2017~ 22. Total BMS Market: Percent Revenue Forecast by Battery Chemistries 2014–2024~ 23. Total BMS Market: Percent Revenue Breakdown, Global, 2017~ 24. Total Battery Management System Market: Market Structure, Global, 2017~
Author Smriti Pradhan
Industries Energy
WIP Number K1D5-01-00-00-00
Is Prebook No
GPS Codes 9AFF-A4,9B00-A4