Battery Management System Market Analysis By Battery Type (Lithium-Ion Based, Lead-Acid Based, Nickel Based, Flow Batteries), By Topology (Centralized, Distributed, Modular), By Application, And Segment Forecasts, 2018 - 2025

Industry Insights

The global Battery Management System (BMS) market size was valued at USD 1.87 billion in 2015, owing to the increasing adoption of Electric Vehicles (EV) across the globe. The primary function of the BMS is cell protection that is to monitor and protect cells from unfavorable operating conditions. Cell protection plays a major role in automotive applications, owing to the harsh working environments.

Additionally, a battery management system is designed to respond to the external conditions by isolating the battery and assessing the cause of failure. In addition to the fuel gauge indication, the BMS also monitors the State of Charge (SOC) of every cell and determines the charging and discharging cycles.

Netherlands BMS market, by battery type, 2014 - 2025 (USD Million)

The increasing demand for Hybrid Electric Vehicles (HEV) is expected to spur the BMS market demand over the projected period. The implementation of policies, such as Kyoto protocol to decrease greenhouse gas emissions, is anticipated to increase the adoption of HEV over the forecast period.

Moreover, the stringent regulations for carbon emissions have increased the demand for the start-stop technology. Additionally, incentives for manufacturing HEV are expected to increase investments from public and private investors, which in-turn is anticipated to increase the penetration of HEVs.

Battery Type Insights

Based on battery types, the industry has been segmented into lithium-ion based, nickel based, lead-acid based, and flow batteries. The lead acid battery segment dominated the industry in terms of revenue in 2015 and is expected to remain the same over the forecast period. Lead-acid batteries are the most economical battery types and are preferable for applications entailing high power. Among rechargeable batteries, lead-acid batteries have low energy density, making them incompatible with applications in handheld devices that demand compact size.

Nickel-based batteries are used in applications that demand long life, high discharge rate, and economical prices. Nickel-based batteries perform well under rigorous working conditions but are relatively low in energy density. They are used in professional cameras, power tools, two-way radios, and emergency medical equipment.

Topology Insights

Based on topology, the industry has been segmented into centralized, distributed, and modular. The applications of centralized topology include E-bikes, power tools, portable battery packs, portable medical equipment, and home appliances. The distributed topology segment is expected to portray significant growth rate over the projected period, owing to the growing electricity generation through a renewable energy source.

Application Insights

Based on application, the industry has been segmented into automotive, consumer electronics, energy, and defense. The automotive segment is expected to portray the highest growth rate over the forecast period, owing to the rising number of vehicles requiring rechargeable batteries including EVs, hybrid electric vehicles, and plug-in hybrid vehicles. BMS plays a major role in the aforementioned vehicles and requires supervising, guaranteeing, reliable, and safe battery operations.

Battery management system market, by application, 2015 (USD Million)

The rising environment concerns coupled with the growing need for electricity generation are expected to increase the demand for the energy segment. Off-grid renewable energy generation is expected to witness significant growth over the forecast period on account of the rising off-grid installations in the country, owing to the government support and growing focus on improving living conditions in rural areas.

Regional Insights

North America held a significant share of over 38% in 2015 and is expected to be one of the most influential markets across the globe. The increasing penetration of EVs coupled with the increasing government initiatives is expected to propel the market demand. The U.S. American Recovery and Reinvestment Act grants funds to private and government entities to develop HEVs, which is further expected to positively impact the industry demand.

The penetration of EVs is expected to be high in the Netherlands, owing to the government initiatives including exemption of registration fees & road taxes and incentives for the production of electric vehicle cars. Furthermore, the plan of banning fossil fuel cars in the Netherlands, by 2025, is expected to spur the market demand.

Competitive Insights

Some of the major market players include Johnson Matthey PLC (UK), Nuvation Engineering (U.S.), Valence Technology, Inc. (U.S.), and Linear Technology Corporation (U.S.). The industry players are aiming for a greater share in the market through differentiated product offerings, brand loyalty, and heavy research & development funding. Prominent industry players leverage an opportunity to expand their geographic coverage by citing the emerging economies as major business areas.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest trends and opportunities in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global battery management system market based on battery type, topology, application, and region:

• Battery Type Outlook (Revenue, USD Million; 2014 - 2025)

  • Lithium-ion based

  • Nickel based

  • Lead-acid based

  • Flow batteries

• Topology Outlook (Revenue, USD Million; 2014 - 2025)

  • Centralized

  • Distributed

  • Modular

• Application Outlook (Revenue, USD Million; 2014 - 2025)

  • Automotive

  • Consumer electronics

  • Energy

  • Defense

• Regional Outlook (Revenue, USD Million; 2014 - 2025)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Netherlands

    • Norway

  • Asia Pacific

    • China

    • India

    • Japan

  • South America

    • Brazil

  • Middle East and Africa (MEA)