Battery Management System Market by Battery Type (Lithium-Ion, Advanced Lead-Acid, Flow Battery, & Nickle Battery), Component, Topology (Centralized, Modular, Distributed), Application, and Geography - Global Trend and Forecast to 2022

The battery management system market was valued at USD 1.98 Billion in 2015 and is expected to reach USD 7.25 Billion by 2022, at a CAGR of 20.5% during the forecast period. The base year used for this study is 2015 and the forecast period is between 2016 and 2022. This report provides a detailed analysis of the battery management system market on the basis of battery types, components, topologies, applications, and geography. The growing application of battery management systems in electric vehicles and in renewable energy systems are a major driver for the market. Additionally, one of significant opportunities in the future for the battery management system is its growing applications in battery-driven public transport and datacenters.

The research methodology used to estimate and forecast the battery management system market begins with capturing data on key vendor revenue through secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the global battery management system market from the revenues of key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments which have been verified through the primary research by conducting extensive interviews of people holding key positions such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary is depicted in the figure below:

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The battery management system ecosystem comprises raw material vendors such as Intersil Corporation (U.S.), Linear Technology Corp (U.S.), NXP Semiconductors N.V. (Netherlands), and Texas Instruments Inc. (U.S.) among the others and battery management system manufacturers such as Johnson Matthey Plc. (U.K.), Lithium Balance A/S (Denmark), Nuvation Engineering (U.S.), Valence Technology, Inc. (U.S.), and Ventec SAS (France) among others who sell these systems to end users to cater to their unique requirements. The end users are from a wide range of industries such as automotive, portable devices, and renewable energy systems among others.

Target Audience:

• Battery manufacturers
• Battery management system manufacturers
• Battery management system traders/suppliers
• End-user industries
• Government bodies such as regulating authorities and policy makers
• Market research and consulting firms
• Raw chemical suppliers and distributors
• Research institutes and organizations

The study answers several questions for the target audiences, primarily, which market segments to focus on in the next two to five years for prioritizing efforts and investments.

Report Scope:

In this report, the battery management system market has been segmented on the basis of the following categories, along with the industry trends:

By Battery Type:

• Lithium-Ion Based-Batteries
• Advanced Lead-Acid Batteries
• Nickel-Based Batteries
• Flow Batteries
• Others

By Component:

• Hardware
  • Battery Control Unit
  • Power Management IC
  • Communication Channel
  • CAN Bus
• Software

By Topology

• Centralized
• Modular
• Distributed

By Application:

• Introduction
• Automotive
  • Electric Vehicles
  • E-Bikes
  • Automated Guided Vehicles
• Military
• Medical
• Portable Device
  • Consumer Electronics (Smartphones/Laptops)
  • Power Tools
  • Portable Battery Pack
• Telecommunication
• Renewable Energy Systems
• UPS (Uninterrupted Power Supply)
• Others
  • Marine
  • Home Appliances

By Region:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • U.K.
  • Germany
  • France
  • Rest of  Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Rest of APAC
• Rest of the World
  • South America
  • Middle East
  • Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 32)
    4.1 Battery Management System Market Expected to Have A Huge Growth Opportunity in APAC
    4.2 Market, By Battery Type (2016–2022)
    4.3 Market, By Region and Application
    4.4 Market, By Region (2016)
    4.5 Market, By Topology
    4.6 Market, By Component

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Battery Management System Market, By Battery Type
           5.2.2 Market, By Component
           5.2.3 Market, By Topology
           5.2.4 Market, By Application
           5.2.5 Market, By Geography
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Application of Battery Management Systems in Electric Vehicles
                    5.3.1.2 Growing Need for Battery Management in Renewable Energy Systems
                    5.3.1.3 Integration of Battery Management Systems in Smartphones
           5.3.2 Restraints
                    5.3.2.1 Lack of Proper Standards for Development of Battery Management Systems
           5.3.3 Opportunities
                    5.3.3.1 Growing Trend of Battery-Driven Public Transport
                    5.3.3.2 Huge Demand From Datacenters
           5.3.4 Challenges
                    5.3.4.1 Ensuring High Level of Accuracy in Real-Time Applications

6 Industry Trends (Page No. - 45)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Model
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Industry Rivalry

7 Battery Management System Market Analysis, By Battery Type (Page No. - 53)
    7.1 Introduction
    7.2 Lithium-Ion–Based Batteries
    7.3 Advanced Lead-Acid Batteries
    7.4 Flow Batteries
    7.5 Nickel-Based Batteries
    7.6 Others
           7.6.1 Sodium-Sulfur (NAS) Batteries
           7.6.2 Solid State Batteries

8 Market Analysis, By Component (Page No. - 66)
    8.1 Introduction
    8.2 Hardware
           8.2.1 Battery Control Unit
           8.2.2 Power Management IC
           8.2.3 Communication Channel
                    8.2.3.1 Can Bus
    8.3 Software

9 Market Analysis, By Topology (Page No. - 71)
    9.1 Introduction
    9.2 Centralized
    9.3 Modular
    9.4 Distributed

10 Market Analysis, By Application (Page No. - 75)
     10.1 Introduction
     10.2 Automotive
             10.2.1 Electric Vehicles
             10.2.2 E-Bikes
             10.2.3 Automated Guided Vehicles
     10.3 Military
     10.4 Medical
     10.5 Portable Device
             10.5.1 Consumer Electronics
             10.5.2 Portable Power Tools
             10.5.3 Portable Batteries
     10.6 Telecommunication
     10.7 Renewable Energy System
     10.8 Uninterrupted Power Supply (UPS)
     10.9 Others
             10.9.1 Marine
             10.9.2 Home Appliances

11 Geographic Analysis (Page No. - 96)
     11.1 Introduction
     11.2 North America
             11.2.1 U.S.
                        11.2.1.1 U.S.: Expected to Be the Largest Market for Battery Management System in 2016
             11.2.2 Canada
                        11.2.2.1 Canada: Fastest-Growing Battery Management System Market in North America
             11.2.3 Mexico
                        11.2.3.1 Mexico: Improving Manufacturing Infrastructure to Propel the Demand for Battery Management Systems
     11.3 Europe
             11.3.1 U.K.
                        11.3.1.1 U.K.: A Significant Market for Battery Management System
             11.3.2 Germany
                        11.3.2.1 Germany: Held the Largest Share of the European Battery Management System Market in 2015
             11.3.3 France
                        11.3.3.1 France: Huge Potential for the Development of the Battery Management System Market
             11.3.4 Rest of Europe
                        11.3.4.1 Rest of Europe: Opportunity From Portable Device and Automotive Applications
     11.4 Asia-Pacific
             11.4.1 China
                        11.4.1.1 China: Increasing Automotive Production Fueling the Chinese Battery Management System Market
             11.4.2 Japan
                        11.4.2.1 Japan: Presence of Key Manufacturers Driving the Market in This Country
             11.4.3 India
                        11.4.3.1 India: Great Scope for Development
             11.4.4 Rest of Asia-Pacific
                        11.4.4.1 Rest of APAC: South Korea & Australia are Emerging Markets With Significant Potential
     11.5 Rest of the World
             11.5.1 South America
                        11.5.1.1 South America: Developing Economies Expected to Drive Future Growth
             11.5.2 Middle East
                        11.5.2.1 Middle East: Infrastructure Development Prevalent in the Middle East
             11.5.3 Africa
                        11.5.3.1 Africa: Held A Significant Share of the RoW Market for Battery Management System

12 Competitive Landscape (Page No. - 114)
     12.1 Overview
     12.2 Market Ranking Analysis, 2015
     12.3 Competitive Situation and Trends
             12.3.1 New Product Launches
             12.3.2 Collaborations & Partnerships
             12.3.3 Agreements & Contracts

13 Company Profiles (Page No. - 120)
(Overview, Products and Services, Financials, Strategy & Development)*
     13.1 Introduction
     13.2 Johnson Matthey PLC.
     13.3 Lithium Balance A/S
     13.4 Nuvation Engineering
     13.5 Valence Technology, Inc.
     13.6 Intersil Corporation
     13.7 Linear Technology Corporation
     13.8 NXP Semiconductors N.V.
     13.9 Texas Instruments Inc.
     13.10 Elithion Inc.
     13.11 Vecture Inc.
     13.12 Ventec SAS

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 141)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports

List of Tables (44 Tables)

Table 1 Driver Analysis
Table 2 Restraint Analysis
Table 3 Opportunity Analysis
Table 4 Challenge Analysis
Table 5 Battery Management System Market, By Battery Type, 2013–2022 (USD Million)
Table 6 Market for Lithium-Ion–Based Battery, By Application, 2013–2022 (USD Million)
Table 7 Market for Advanced Lead-Acid Battery, By Application, 2013–2022 (USD Million)
Table 8 Market for Flow Battery, By Application, 2013–2022 (USD Million)
Table 9 Market for Nickel-Based Battery, By Application, 2013–2022 (USD Million)
Table 10 Market for Other Batteries, By Application, 2013–2022 (USD Million)
Table 11 Market, By Component, 2013–2022 (USD Million)
Table 12 Market, By Topology, 2013–2022 (USD Million)
Table 13 Market, By Application, 2013–2022 (USD Million)
Table 14 Market for Automotive Application, By Type, 2013–2022 (USD Million)
Table 15 Market for Automotive Application, By Battery Type, 2013–2022 (USD Million)
Table 16 Market for Automotive Application, By Region, 2013–2022 (USD Million)
Table 17 Market for Military Application, By Battery Type, 2013–2022 (USD Million)
Table 18 Market for Military Application, By Region, 2013–2022 (USD Million)
Table 19 Market for Medical Application, By Battery Type, 2013–2022 (USD Million)
Table 20 Market for Medical Application, By Region, 2013–2022 (USD Million)
Table 21 Market for Portable Device Application, By Type, 2013–2022 (USD Million)
Table 22 Market for Portable Device Application, By Battery Type, 2013–2022 (USD Million)
Table 23 Market for Portable Device Application, By Region, 2013–2022 (USD Million)
Table 24 Market for Telecommunication Application, By Battery Type, 2013–2022 (USD Million)
Table 25 Market for Telecommunication Application, By Region, 2013–2022 (USD Million)
Table 26 Market for Renewable Energy System Application, By Battery Type, 2013–2022 (USD Million)
Table 27 Market for Renewable Energy System Application, By Region, 2013–2022 (USD Million)
Table 28 Market for Uninterrupted Power Supply Application, By Battery Type, 2013–2022 (USD Million)
Table 29 Market for Uninterrupted Power Supply Application, By Region, 2013–2022 (USD Million)
Table 30 Market for Other Applications, By Battery Type, 2013–2022 (USD Million)
Table 31 Market for Other Applications, By Region, 2013–2022 (USD Million)
Table 32 Market, By Region, 2013–2022 (USD Million)
Table 33 Market in North America, By Country, 2013–2022 (USD Million)
Table 34 Market in North America, By Application, 2013–2022 (USD Million)
Table 35 Market in Europe, By Country, 2013–2022 (USD Million)
Table 36 Market in Europe, By Application, 2013–2022 (USD Million)
Table 37 Market in APAC, By Country, 2013–2022 (USD Million)
Table 38 Market in APAC, By Application, 2013–2022 (USD Million)
Table 39 Market in RoW, By Region, 2013–2022 (USD Million)
Table 40 Market in RoW, By Application, 2013–2022 (USD Million)
Table 41 Market: Market Ranking Analysis (2015)
Table 42 Most Significant New Product Launches in the Battery Management System Market
Table 43 Most Significant Collaborations and Partnerships in the Battery Management System Market
Table 44 Most Significant Agreements and Contracts in the Battery Management System Market

List of Figures (67 Figures)

Figure 1 Markets Covered
Figure 2 Battery Management System Market: Research Design
Figure 3 Battery Management System: Bottom-Up Approach
Figure 4 Battery Management System: Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Assumptions of the Research Study
Figure 7 Battery Management System Market Segmentation
Figure 8 Battery Management System Market Snapshot (2016 vs 2022): Lithium-Ion–Based Battery Expected to Hold the Largest Market Share Between 2016 and 2022
Figure 9 Software Component to Hold the Largest Market Share During the Forecast Period
Figure 10 Battery Management System Market for the Automotive Application Expected to Grow at the Highest Rate During the Forecast Period
Figure 11 North America to Hold the Largest Share of the Battery Management System Market in 2016
Figure 12 Attractive Growth Opportunities in the Battery Management System Market
Figure 13 BMS Market for Lithium-Ion–Based Battery to Hold the Largest Market Share During the Forecast Period (2016–2022)
Figure 14 North America to Hold the Largest Share of the Battery Management System Market in 2016
Figure 15 U.S. to Hold the Largest Share of the Battery Management System Market in 2016
Figure 16 BMS Market for Modular Topology to Grow at A High CAGR Between 2016 and 2022
Figure 17 Software Expected to Hold the Largest Market Share During the Forecast Period
Figure 18 Drivers, Restraints, Opportunities, and Challenges in the Battery Management System Market
Figure 19 Value Chain Analysis: Major Value Addition is Done During the Manufacturing and Assembly Phases
Figure 20 Porter’s Five Forces Analysis
Figure 21 Porter’s Analysis: Battery Management System Market
Figure 22 Medium Impact of Threat of New Entrants on Battery Management System Market
Figure 23 Low Impact of Threat of Substitutes in the Battery Management System Market
Figure 24 Medium Impact of Bargaining Power of Suppliers in the Battery Management System Market
Figure 25 High Impact of Bargaining Power of Buyers in the Battery Management System Market
Figure 26 High Impact of Industry Rivalry in the Battery Management System Market
Figure 27 Battery Management System Market, By Battery Type
Figure 28 BMS Market for Lithium-Ion Battery Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 29 Portable Devices Expected to Lead the BMS Market for Lithium-Ion–Based Battery By 2022
Figure 30 Automotive Application to Grow at the Highest Rate Between 2016 and 2022
Figure 31 Market for Renewable Energy Systems Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 32 Portable Devices Expected to Hold the Largest Market Size in 2016
Figure 33 Renewable Energy Systems Expected to Lead the Market for Other Batteries By 2022
Figure 34 Battery Management System Market, By Component
Figure 35 Software Component in the Battery Management System Held the Largest Market Share in 2016
Figure 36 Battery Management System Market, By Topology
Figure 37 Battery Management System With Modular Topology to Hold the Largest Market Share in 2016
Figure 38 Battery Management System Market, By Application
Figure 39 BMS Market for Automotive Application Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 40 BMS Market for Electric Vehicle Expected to Lead the Automotive Application By 2022
Figure 41 BMS Market for Lithium-Ion–Based Battery to Lead the Military Application in 2016
Figure 42 BMS Market for Advanced Lead-Acid Battery Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 43 BMS for Consumer Electronics to Hold the Largest Market Size in 2016
Figure 44 BMS Market for Advanced Lead-Acid Battery to Grow at the Highest Rate Between 2016 and 2022
Figure 45 BMS Market for Lithium-Ion–Based Battery to Lead the Renewable Energy Systems Application By 2022
Figure 46 BMS Market for Lithium-Based Battery to Hold the Largest Market Share By 2022
Figure 47 BMS for Advanced Lead-Acid Battery Expected to Lead the Market for Other Applications By 2022
Figure 48 Geographic Snapshot (2016): Rapidly Growing Markets Such as Japan and China are Emerging as Potential New Markets
Figure 49 North America to Hold the Largest Share of the Battery Management System Market in 2016
Figure 50 North America Market Snapshot: Demand Expected to Be Driven By Automotive Application in the Near Future
Figure 51 Battery Management System Market in the U.S. Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 52 Germany to Lead the European Market for Battery Management System Between 2016 and 2022
Figure 53 APAC Market Snapshot: Market Expected to Be Driven By the Portable Device Application
Figure 54 China Expected to Lead the Asia-Pacific Battery Management System Market in 2016
Figure 55 Middle East to Grow at the Highest Rate Between 2016 and 2022
Figure 56 Companies Adopted New Product Launch as the Key Growth Strategy Between 2014 and 2016
Figure 57 Market Evaluation Framework
Figure 58 Battle for Market Share: New Product Launches Was the Key Strategy
Figure 59 Johnson Matthey PLC.: Company Snapshot
Figure 60 Johnson Matthey PLC: SWOT Analysis
Figure 61 Lithium Balance A/S.: SWOT Analysis
Figure 62 Nuvation Engineering: SWOT Analysis
Figure 63 Valence Technology Inc.: SWOT Analysis
Figure 64 Intersil Corporation: Company Snapshot
Figure 65 Linear Technology Corporation: Company Snapshot
Figure 66 NXP Semiconductors N.V.: Company Snapshot
Figure 67 Texas Instruments Inc.: Company Snapshot

The battery management system market was valued at USD 1.98 Billion in 2015 and is expected to reach USD 7.25 Billion by 2022, at a CAGR of 20.5% between 2016 and 2022. The growth of this market is propelled by the rapidly growing need for battery management system given the increasing number of vehicles that require charging such as electric vehicles (EVs), hybrid electric vehicles (HEVs), and plug-in hybrid vehicles (PHV). These vehicles consist of series-connected battery packs which require extensive monitoring. Hence, battery management systems act as a crucial component in these vehicles for supervising and guaranteeing reliable and safe battery operations.

The battery management system for lithium-ion–based battery leads the battery management system market since lithium-ion–based battery is popular in various application industries owing to its high energy and power density, light weight, and low standby losses. The high energy density lithium-ion battery requires battery management systems for its efficient operation and management in these applications. Moreover, the current price reduction of the li-ion battery and its growing adoption in applications such as electric vehicle, UPS, telecommunication, renewable energy system, and other applications is expected to drive the market in the near future.

The battery management system market for modular topology is expected to grow at a high CAGR during the forecast period. Most of the manufactures prefer modular topology as it offers a good computational power and is also safe as it does not require extensive wire harnesses. The modular topology is also suitable for a range of applications such as in energy storage systems, industrial UPS, medical mobility vehicle, parts of electric vehicles, and drones among others. The increasing demand for modular topology from these applications is expected to drive the market at the highest rate during the forecast period.

North America held the largest share of the battery management system market in 2015, while the market in Asia-Pacific is expected to grow at a high rate during the forecast period and lead the BMS market by 2022. The high growth of the Asia-Pacific region is attributed to the presence of a number of leading portable devices manufacturers and the demand for battery management from countries such as China and Japan owing to the increasing adoption of electric vehicles in these countries.

One of the key restraining factors for companies operating in this industry is the lack of standards for developing battery management systems as most of the products available in the market vary in terms of technical specifications, functions, and applications. This makes difficult to compare the performance of two battery management systems, which creates a demand for concrete standards to be developed.

In the battery management system market, Johnson Matthey Plc. (U.K.) is a major player which holds a leading position in sustainable technologies as well as specialty chemical technology. The company has a strong presence in the battery management system market and offers battery management system with modular architecture, using its own battery management electronics. The company’s BMS is designed for application in electric vehicles as well as hybrid electric vehicles.

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