(MENAFN- Market Research Future) Pune, India, November 2019, MRFR Press Release/- Market Research Future has published a Cooked Research Report on the Global Battery Management System (BMS) Market.
Market Highlights
The Global Battery Management System (BMS) Market has been segmented by battery type as lithium-ion based batteries, advanced lead-acid batteries, nickel-based batteries, and flow batteries. Lithium-ion batteries are rechargeable and have extensive applications in end-use industries such as automotive, electronics, aerospace, and defense. The lithium-ions move from the negative electrode to the positive electrode during discharge, and while charging the lithium-ions move from the positive to the negative electrodes. Lithium-ion batteries have a high energy density and a long life, driving the demand for lithium-ion batteries. Lead-acid batteries have been widely adopted in numerous end-use industries globally, primarily due to their low cost and recycling capabilities. However, the technological developments in advanced lead-acid batteries have enhanced the technical properties of the batteries, leading to higher adoption of these batteries in the global market. The improved features of the lead-acid batteries are obtained by the addition of carbon. The nickel-based batteries segment includes nickel-iron, nickel-zinc, nickel-cadmium, and nickel-metal-hydride batteries. These batteries have extensive applications in the aerospace industry due to their rugged build. As the cost of manufacturing nickel-based batteries is declining at a steady rate, numerous other end-use industries are increasingly adopting nickel-based batteries. Flow batteries are electrochemical cells where energy is generated due to ion exchange between the chemical components. Acid salt and vanadium salts are commonly used as the electrolytes, while the electrodes are made of graphite bipolar plates. Flow batteries are widely used for applications above 20 kWh and have an approximate life of 20 years.
By component, the global battery management system (BMS) market is segmented into hardware and software. The hardware segment consists of various equipment used in BMSs to monitor and control various aspects of the batteries involved. Some of the hardware components used in battery management systems include batteries, transistors, intelligent power devices, and microcontrollers. The software includes the collection of data and computer instructions that collect data from the hardware and executes prespecified programs to maintain the optimal functioning of the batteries. Key players in the global battery management system (BMS) market have developed or are working on developing distinct software to support the BMSs for a range of end-users. For instance, AVL (Austria) offers the AVL Maestra software for the automotive industry. The software supports both centralized and decentralized topologies.
By topology, the global market has been segmented into centralized, modular, and distributed. The centralized segment refers to the topology of hardware in a BMS, where a single controller is connected to battery cells through wires. Centralized BMSs are cost-efficient as the number of hardware to be installed for the remains constant irrespective of the number of cells connected to it. The distributed segment refers to the topology of a BMS, where each cell in the system has a dedicated BMS hardware connected to it to control and monitor the batteries. In distributed BMSs, the lengths of wires installed are minimum, as each BMS board has a dedicated cell. The modular segment refers to the topology of a BMS, where a certain number of cells are assigned as controllers that communicate within themselves to monitor and control the batteries. The controllers primarily comprise a measurement board and processor, which collects and transmits data for further processing. For instance, Thunderstruck Motors LLC (US) offers Lithium Design BMS, which has a modular topology. Each controller in the product can support 24 cells. Moreover, this BMS provides the option of adding three controllers resulting in a 96-cell system.
By application, the global battery management system (BMS) market has been segmented into automotive, military & defense, medical, portable device, telecommunication, renewable energy systems, uninterrupted power supply, and others. BMSs in the automotive segment are primarily used in electric vehicles to monitor the batteries installed. The rising concerns about carbon emission are driving the demand for electric vehicles globally. Furthermore, the reducing cost of efficient batteries for electric vehicles is expected to propel the demand for electric vehicles during the forecast period. BMSs in portable devices can protect users from any documentation loss. Military organizations are increasingly depending on advanced BMSs to improve the functioning and working of batteries in the field. The growing need for advanced military technology in various nations has prompted an increase in investments in the military industry. The renewable energy systems segment refers to the various BMSs installed in energy storage systems in the renewable energy industry. Renewable energy sources, such as solar and wind, are increasingly being used globally. The medical industry is extensively dependent on medical equipment, such as portable ultrasound machines and portable ECG machines, to diagnose patients. The continuous power supply has become essential for companies as a sudden loss of electricity can lead to numerous consequences, including data loss, non-functioning of medical equipment, and operational failure. The telecommunication segment includes BMSs used to provide primary power or backup power to various equipment used for the transmission of voice and digital information. In the other segment, BMSs are used mainly in marine and home appliances to monitor the batteries installed. A BMS is used in marine applications such as in submarines, leisure, passenger boats, and unmanned aerial vehicle (UAV) for achieving safety standards by monitoring the performance of the batteries.
Drivers: Global Battery Management System (BMS) Market
Market Research Analysis
In terms of region, the global battery management system (BMS) market is segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. Asia-Pacific dominates the global battery management system (BMS) market. The increase in the number of EV rental stores and kiosks are expected to drive the battery management system (BMS) market in Asia-Pacific.
China Automotive Technology and Research Center (CATARC) and the Directory of Environmental Organizations & Environmental Government Agencies in China, introduced a rule for EVs, according to which the automakers producing or importing more than 30,000 vehicles in China must ensure ten percent of them are electrically powered vehicles by 2019. Moreover, these regulations are attracting the consumers, especially the millennials, as these EVs intend to offer more advantages over the conventional vehicles for covering shorter distances. China is hosts several major EV manufacturers, and six manufacturers from the top ten EV manufacturers are based in the country. Thus, the increasing use of EVs drives the demand of BMSs in China as it protects the battery in the EVs from over-current, over-voltage, over-temperature, and over-pressure
Scope of the Report
This study provides an overview of the Global Battery Management System (BMS) Market, tracking four market segments across five geographic regions. The report studies key players, providing a four-year annual trend analysis that highlights market size and share for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global battery management system (BMS) market by battery type, component, topology, application, and region.
By Battery Type
- Lithium-Ion Based Batteries
- Advanced Lead Acid Batteries
- Nickel-Based Batteries
- Flow Batteries
By Component
By Topology
- Centralized
- Modular
- Distributed
By Application
- Automotive
- Military & Defense
- Medical, Portable Device
- Telecommunication
- Renewable Energy Systems
- Uninterrupted Power Supply
- Others
By Regions
- North America
- Europe
- Asia-Pacific
- Middle East & Africa
- South America
Access Report Details @ https://www.marketresearchfuture.com/reports/battery-management-system-market-8577
Key Players
The Major Players in the Global Battery Management System (BMS) Market are Toshiba Corporation (Japan), Texas Instruments Incorporated (US), Robert Bosch GmbH (Germany), Panasonic Corporation (Japan), Johnson Matthey (UK), Ricardo (UK), Elithion (US), Mastervolt (Netherlands), Eberspächer (Germany), East Penn Manufacturing Company (US), Lithium Balance (Denmark), Midtronics, Inc. (US), Microchip Technology, Inc. (US), Nuvation (US), St@rtec Developpement (France), Deutz AG (Germany), NXP Semiconductors (Netherlands), Lithium Werks (Netherlands), Auto Motive Power, Inc. (US), AVL (Austria), Analog Devices Inc. (US), Ewert Energy Systems, Inc. (US), and Merlin Equipment (UK).
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country-level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email:
MENAFN2211201900703489ID1099315083