The global demand for Electric Vehicle Battery Management System Market is presumed to reach the market size of nearly USD 21.4 MN by 2028 from USD 3.6 MN in 2021 with a CAGR of 29% under the study period 2022 - 2028.
Electric vehicle battery management systems are rapidly evolving. The EV battery management system is in charge of the battery's charging, discharging, and operating. EV battery management systems improve the battery's performance while extending its life. While charging the battery, EVBMS determines the amount of current flowing in each cell and checks the voltage during operation. Serious charge and discharge protection, precise state-of-charge and state-of-health estimations, temperature monitoring, and cell balancing via data analytics and IOT are all features of electric vehicle battery management systems. EVBMS is a battery management system that helps safeguard the battery from hazardous and inefficient operation circumstances. Various novel technologies for Electric Vehicle BMS and associated components are being developed.
Market Dynamics
The EV battery management system market is growing due to the increased use of electric cars (EVs) and hybrid electric vehicles (HEVs). Rapidly growing technological developments in EVs (electric vehicles) and intelligent grids lead to increased demand for batteries as the principal energy storage device, a significant factor driving EV battery management system market revenue growth. Furthermore, the adoption of rechargeable batteries across a range of end-use sectors fuels the EV battery management system market development. High demand for eco-friendly cars, government initiatives in several countries promoting electric and hybrid vehicles, and the need for batteries to power and operate these vehicles are all significant factors driving the demand for EVBMS, resulting in market growth. However, installing a battery management system raises the overall price of items, limiting market expansion.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of electric vehicle battery management system. The growth and trends of electric vehicle battery management system industry provide a holistic approach to this study.
Market Segmentation
This section of the electric vehicle battery management system market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Components
- Integrated Circuits
- Cutoff Fets And Fet Driver
- Temperature Sensor
- Fuel Gauge/Current Measurement Devices
- Microcontroller
- Other Components
By Propulsion Type
- Battery Electric Vehicles
- Hybrid Vehicles
By Vehicle Type
- Passenger Car
- Commercial Vehicles
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Electric Vehicle Battery Management System market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Electric Vehicle Battery Management System Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the electric vehicle battery management system market include Leclanche (Switzerland), Lithium Balance (Denmark), Nuvation Engineering (US), Eberspaecher Vecture (Canada), Storage Battery Systems (US), and Johnson Matthey (UK). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Frequently Asked Questions (FAQs) about this Report
b. The global electric vehicle battery management system market size was estimated to be worth USD 3.6 Billion in 2021.
b. For the years 2023-2028, the global electric vehicle battery management system market growth is expected to be around 29%.
b. The global electric vehicle battery management system market is currently dominated by Europe.
b. The global electric vehicle battery management system market is segmented by Components (Integrated Circuits, Cutoff FETs and FET Driver, Temperature Sensor, Fuel Gauge/Current Measurement Devices, Microcontroller, Other Components), by Propulsion Type (Battery Electric Vehicles, Hybrid Vehicles), by Vehicle Type (Passenger Car, Commercial Vehicles).
b. The leading players in the global electric vehicle battery management system market are Leclanche (Switzerland), Lithium Balance (Denmark), Nuvation Engineering (US), Eberspaecher Vecture (Canada), Storage Battery Systems (US), and Johnson Matthey (UK).
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . ELECTRIC VEHICLE BATTERY MANAGEMENT SYSTEM – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 By Components
3.7.2 By Propulsion Type
3.7.3 By Vehicle Type
3.7.4 By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL ELECTRIC VEHICLE BATTERY MANAGEMENT SYSTEM MARKET ANALYSIS BY COMPONENTS
6.1 Overview by Components
6.2 Historical and Forecast Data
6.3 Analysis by Components
6.4 Integrated Circuits Market by Regions
6.5 Cutoff FETs and FET Driver Market by Regions
6.6 Temperature Sensor Market by Regions
6.7 Fuel Gauge/Current Measurement Devices Market by Regions
6.8 Microcontroller Market by Regions
6.9 Other Components Market by Regions
7 . GLOBAL ELECTRIC VEHICLE BATTERY MANAGEMENT SYSTEM MARKET ANALYSIS BY PROPULSION TYPE
7.1 Overview by Propulsion Type
7.2 Historical and Forecast Data
7.3 Analysis by Propulsion Type
7.4 Battery Electric Vehicles Market by Regions
7.5 Hybrid Vehicles Market by Regions
8 . GLOBAL ELECTRIC VEHICLE BATTERY MANAGEMENT SYSTEM MARKET ANALYSIS BY VEHICLE TYPE
8.1 Overview by Vehicle Type
8.2 Historical and Forecast Data
8.3 Analysis by Vehicle Type
8.4 Passenger Car Market by Regions
8.5 Commercial Vehicles Market by Regions
9 . GLOBAL ELECTRIC VEHICLE BATTERY MANAGEMENT SYSTEM MARKET ANALYSIS BY GEOGRAPHY
9.1. Regional Outlook
9.2. Introduction
9.3. North America
9.3.1. Overview, Historic and Forecast Data
9.3.2. North America By Segment
9.3.3. North America By Country
9.3.4. United State
9.3.5. Canada
9.3.6. Mexico
9.4. Europe
9.4.1. Overview, Historic and Forecast Data
9.4.2. Europe by Segment
9.4.3. Europe by Country
9.4.4. United Kingdom
9.4.5. France
9.4.6. Germany
9.4.7. Italy
9.4.8. Russia
9.4.9. Rest Of Europe
9.5. Asia Pacific
9.5.1. Overview, Historic and Forecast Data
9.5.2. Asia Pacific by Segment
9.5.3. Asia Pacific by Country
9.5.4. China
9.5.5. India
9.5.6. Japan
9.5.7. South Korea
9.5.8. Australia
9.5.9. Rest Of Asia Pacific
9.6. Latin America
9.6.1. Overview, Historic and Forecast Data
9.6.2. Latin America by Segment
9.6.3. Latin America by Country
9.6.4. Brazil
9.6.5. Argentina
9.6.6. Peru
9.6.7. Chile
9.6.8. Rest of Latin America
9.7. Middle East & Africa
9.7.1. Overview, Historic and Forecast Data
9.7.2. Middle East & Africa by Segment
9.7.3. Middle East & Africa by Country
9.7.4. Saudi Arabia
9.7.5. UAE
9.7.6. Israel
9.7.7. South Africa
9.7.8. Rest Of Middle East And Africa
10 . COMPETITIVE LANDSCAPE OF THE ELECTRIC VEHICLE BATTERY MANAGEMENT SYSTEM COMPANIES
10.1. Electric Vehicle Battery Management System Market Competition
10.2. Partnership/Collaboration/Agreement
10.3. Merger And Acquisitions
10.4. New Product Launch
10.5. Other Developments
11 . COMPANY PROFILES OF ELECTRIC VEHICLE BATTERY MANAGEMENT SYSTEM INDUSTRY
11.1. Company Share Analysis
11.2. Market Concentration Rate
11.3. Leclanche (Switzerland)
11.3.1. Company Overview
11.3.2. Financials
11.3.3. Products
11.3.4. Recent Developments
11.4. Lithium Balance (Denmark)
11.4.1. Company Overview
11.4.2. Financials
11.4.3. Products
11.4.4. Recent Developments
11.5. Nuvation Engineering (US)
11.5.1. Company Overview
11.5.2. Financials
11.5.3. Products
11.5.4. Recent Developments
11.6. Eberspaecher Vecture (Canada)
11.6.1. Company Overview
11.6.2. Financials
11.6.3. Products
11.6.4. Recent Developments
11.7. Storage Battery Systems (US)
11.7.1. Company Overview
11.7.2. Financials
11.7.3. Products
11.7.4. Recent Developments
11.8. Johnson Matthey (UK)
11.8.1. Company Overview
11.8.2. Financials
11.8.3. Products
11.8.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Components (USD MN)
- Integrated Circuits Market by Geography (USD MN)
- Cutoff FETs and FET Driver Market by Geography (USD MN)
- Temperature Sensor Market by Geography (USD MN)
- Fuel Gauge/Current Measurement Devices Market by Geography (USD MN)
- Microcontroller Market by Geography (USD MN)
- Other Components Market by Geography (USD MN)
- Analysis Market by Propulsion Type (USD MN)
- Battery Electric Vehicles Market by Geography (USD MN)
- Hybrid Vehicles Market by Geography (USD MN)
- Analysis by Vehicle Type (USD MN)
- Passenger Car Market by Geography (USD MN)
- Commercial Vehicles Market by Geography (USD MN)
- Global Electric Vehicle Battery Management System Market by Geography (USD MN)
- North America Market Analysis (USD MN)
- United State Market Analysis (USD MN)
- Canada Market Analysis (USD MN)
- Mexico Market Analysis (USD MN)
- Europe Market Analysis (USD MN)
- Europe Market Estimate by Country (USD MN)
- United Kingdom Market Analysis (USD MN)
- France Market Analysis (USD MN)
- Germany Market Analysis (USD MN)
- Italy Market Analysis (USD MN)
- Russia Market Analysis (USD MN)
- Spain Market Analysis (USD MN)
- Rest of Europe Market Analysis (USD MN)
- Asia Pacific Market Analysis (USD MN)
- China Market Analysis (USD MN)
- Japan Market Analysis (USD MN)
- India Market Analysis (USD MN)
- South Korea Market Analysis (USD MN)
- Australia Market Analysis (USD MN)
- Rest of Asia Pacific Market Analysis (USD MN)
- Latin America Market Analysis (USD MN)
- Brazil Market Analysis (USD MN)
- Argentina Market Analysis (USD MN)
- Peru Market Analysis (USD MN)
- Chile Market Analysis (USD MN)
- Rest of Latin America Market Analysis (USD MN)
- Middle East & Africa Market Analysis (USD MN)
- Saudi Arabia Market Analysis (USD MN)
- UAE Market Analysis (USD MN)
- Israel Market Analysis (USD MN)
- South Africa Market Analysis (USD MN)
- Rest of Middle East and Africa Market Analysis (USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisiton
LIST OF FIGURES
- Research Scope of Electric Vehicle Battery Management System Report
- Market Research Process
- Market Research Methodology
- Global Electric Vehicle Battery Management System Market Size, by Region (USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Components
- Market Attractiveness Analysis by Propulsion Type
- Market Attractiveness Analysis by Vehicle Type
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by Components (USD MN)
- Integrated Circuits Market by Geography (USD MN)
- Cutoff FETs and FET Driver Market by Geography (USD MN)
- Temperature Sensor Market by Geography (USD MN)
- Fuel Gauge/Current Measurement Devices Market by Geography (USD MN)
- Microcontroller Market by Geography (USD MN)
- Other Components Market by Geography (USD MN)
- Global Market Analysis by Propulsion Type (USD MN)
- Battery Electric Vehicles Market by Geography (USD MN)
- Hybrid Vehicles Market by Geography (USD MN)
- Global Market Analysis by Vehicle Type (USD MN)
- Passenger Car Market by Geography (USD MN)
- Commercial Vehicles Market by Geography (USD MN)
- Global Market by Revenue
- North America Market by Revenue
- Europe Market by Revenue
- Asia Pacific Market by Revenue
- Latin America Market by Revenue
- Middle East & Africa Market by Revenue
- Recent Development in Industry
- Company Market Share Analysis
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.