Next-Gen Battery Management Systems in the Global Battery Electric Vehicles Industry, Forecast to 2030

Research Scope

Advanced BMS Market Overview

As of 2023, a typical BMS represents 8% to 9% of the cost of an electric vehicle (EV), increasing by 1.5% to 3% in the next 3 to 5 years. The major players are from Asia-Pacific and plan to expand globally.

Advanced BMS, Global

• Crucial Component: The BMS is a major component in an EV, as it ensures the safety, reliability, and efficient functioning of the battery pack.
• Market Driver: The global BMS market has grown significantly in recent years and will continue to experience double-digit growth. Owing to environmental concerns, governments are incentivizing EVs to push toward sustainability and electrification of transportation.
• Competitive Market: The BMS market is highly competitive and has numerous players. Owing to the adoption of new battery chemistries, BMS manufacturers are investing heavily in R&D. The companies provide tailored BMS solutions depending on the requirements and battery chemistry.

Future Outlook

• Collaboration between BMS manufacturers and OEMs
• Development of reliable BMS
• More investments by OEMs and BMS manufacturers and the emergence of start-ups

Segmentation: Types of BMS Architectures

In passenger car applications, the distributed BMS architecture has the widest adoption among the 4 available types.

Next-gen BMS: Segmentation - Types of BMS Architectures, Global, 2023

Centralized Architecture

• Centralized architecture is the simplest type of BMS architecture and comprises a single centralized controller to manage battery operation.

• Electric Bicycles, Electric Motorcycles, Electric sightseeing Cars, Electric Patrol Cars, Electric Golf Carts

Distributed Architecture

• This architecture is a master-slave controller type, where each battery cell connects to a slave controller (SC), and all SCs connect to master controllers (MCs). The combination of MCs and SCs manages the battery packs. (Electric Cars)

Modular Architecture

• This architecture is another master-slave type, where each SC connects to a battery module, and every SC connects to an MC. (Electric Cars)

Cloud-based Architecture

• This architecture has 2 components: An on-site BMS processor and a cloud-based platform.
• The BMS processor wirelessly connects to the cloud platform, while the BMS controller undertakes all essential operations. The cloud-based platform offers memory to save battery performance and partial data processing. (Electric Cars)

Reseach Highlights

Next-gen BMS: Total Addressable Market, Americas, 2023–2030