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
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