Global Battery Management System Market to 2027: Entering an Era of Autonomous Vehicles and Growing Role of Battery Management Systems

Global Battery Management System Market to 2027: Entering an Era of Autonomous Vehicles and Growing Role of Battery Management Systems

GlobeNewswire

Published

Dublin, Oct. 19, 2020 (GLOBE NEWSWIRE) -- The "Battery Management System - Global Market Trajectory & Analytics" report has been added to *ResearchAndMarkets.com's* offering.

Amid the COVID-19 crisis, the global market for Battery Management System estimated at US$4.1 Billion in the year 2020, is projected to reach a revised size of US$10.8 Billion by 2027, growing at a CAGR of 14.9% over the analysis period 2020-2027.

Lithium-Ion Battery, one of the segments analyzed in the report, is projected to record a 16.4% CAGR and reach US$2.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Advanced Lead-Acid Battery segment is readjusted to a revised 14.7% CAGR for the next 7-year period.

*The U. S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 19.1% CAGR*

The Battery Management System market in the U. S. is estimated at US$1.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.4 Billion by the year 2027 trailing a CAGR of 19.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.5% and 13.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.9% CAGR.

*Flow Battery Segment to Record 14.4% CAGR*

In the global Flow Battery segment, USA, Canada, Japan, China and Europe will drive the 13.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$305.2 Million in the year 2020 will reach a projected size of US$755.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.5 Billion by the year 2027, while Latin America will expand at a 15.7% CAGR through the analysis period.

The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

*Competitors identified in this market include, among others:*

· Analog Devices, Inc.
· Eberspaecher Vecture Inc.
· Elithion Inc.
· Intersil Corporation
· Johnson Matthey PLC
· Lithium Balance A/S
· Nuvation Engineering
· NXP Semiconductors NV
· Texas Instruments, Inc.
· Valence Technology, Inc.
· Ventec SAS

*Key Topics Covered:*

* I. INTRODUCTION, METHODOLOGY & REPORT SCOPE*

*II. EXECUTIVE SUMMARY*

*1. MARKET OVERVIEW*

· Introduction
· Flow Battery Management System (FBMS)
· Global Battery Management System Market by Application Type: 2018
· Global Competitor Market Shares
· Battery Management System Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
· Impact of Covid-19 and a Looming Global Recession

*2. FOCUS ON SELECT PLAYERS*

*3. MARKET TRENDS & DRIVERS*

· Entering an Era of Autonomous Vehicles and Growing Role of Battery Management Systems
· Rise in Market Penetration of EVs Drives Demand for Battery Management Systems
· Global Electric Vehicle Production Forecasts by Type: 2015-2030
· Share of Electric Vehicle of Total Passenger Vehicle Market: 2015-2030
· Global Electric Vehicle Production: 2018-2030 (in Million Units)
· Smart Homes Drive Demand Smart Battery Management Systems
· Advances in Li-ion Battery Management
· Rise in Demand for Renewable Energy Systems and the Growing Need for Efficient Battery Management
· Global Electricity Generation by Source: 1990-2050 (in PWh/yr)
· Global Solar PV Cumulative Capacity by Region (in Gigawatts): 2008-2018
· Global Wind Energy Cumulative Capacity by Region (in Gigawatts): 2008-2018
· Predictive Analysis to Aid in Battery Management of EVs
· Wireless Battery Management Systems Gain Interest
· Intelligent Battery Management Systems to Improve Energy Requirements in EVs
· Focus Grows on Effective Designs to Combat Functional Challenges

*4. GLOBAL MARKET PERSPECTIVE*

· Battery Management System Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
· Battery Management System Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
· Battery Management System Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
· Lithium-Ion Battery (Battery Type) World Market by Region/Country in US$ Million: 2020 to 2027
· Lithium-Ion Battery (Battery Type) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
· Lithium-Ion Battery (Battery Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
· Advanced Lead-Acid Battery (Battery Type) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
· Advanced Lead-Acid Battery (Battery Type) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019
· Advanced Lead-Acid Battery (Battery Type) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
· Flow Battery (Battery Type) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027
· Flow Battery (Battery Type) Region Wise Breakdown of Global Historic Demand in US$ Million: 2012 to 2019
· Flow Battery (Battery Type) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
· Nickel Battery (Battery Type) World Market Estimates and Forecasts by Region/Country in US$ Million: 2020 to 2027
· Nickel Battery (Battery Type) Market Historic Review by Region/Country in US$ Million: 2012 to 2019
· Nickel Battery (Battery Type) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
· Centralized (Topology) World Market by Region/Country in US$ Million: 2020 to 2027
· Centralized (Topology) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
· Centralized (Topology) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
· Modular (Topology) World Market Estimates and Forecasts in US$ Million by Region/Country: 2020 to 2027
· Modular (Topology) Market Worldwide Historic Review by Region/Country in US$ Million: 2012 to 2019
· Modular (Topology) Market Percentage Share Distribution by Region/Country: 2012 VS 2020 VS 2027
· Distributed (Topology) Market Opportunity Analysis Worldwide in US$ Million by Region/Country: 2020 to 2027
· Distributed (Topology) Global Historic Demand in US$ Million by Region/Country: 2012 to 2019
· Distributed (Topology) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027

*III. MARKET ANALYSIS

**IV. COMPETITION*

· Total Companies Profiled: 42

For more information about this report visit https://www.researchandmarkets.com/r/wpsvyx

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT:
CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Full Article