Report Summary

The global battery management system market size was valued at USD 3,072 million in 2017 and is anticipated to grow at a CAGR of more than 18.3% during the forecast period. Battery Management Systems (BMS) are electronic regulators, which primarily offer functionalities such as cell protection, charge control, demand management, cell balancing, and monitoring & reporting data regarding battery operation for rechargeable batteries. BMS are also responsible for charging and discharging, managing output, protecting the batteries from damage, and providing notifications regarding the status of battery packs. The basic functional blocks of these systems include cell-voltage monitor, real-time clock, temperature monitors, cutoff field-effect transmitters (FETs), fuel-gauge monitor, cell-voltage balance, and a state machine among others. These systems are used across various applications such as consumer goods, medical devices, automotive, and industrial, and computing devices among others. In the medical sector, the BMS are used in digital blood pressure meters, digital thermometers, blood cholesterol meters, blood glucose meters, digital heart rate monitors, and portable health and fitness equipment, whereas in the wireless computing devices, they are used in smartphones, accessory chargers, tablets, digital cameras, Bluetooth headsets, in-car charging systems, and speakers among others.

The increasing application of battery management systems in electric vehicles primarily drives the growth of this market. The rising need of the management systems for batteries in the renewable energy systems coupled with high demand of BMS from data centers also supports market growth. The increasing need to use renewable and green energy further increases the adoption of the BMS. The growing demand for consumer electronics such as smartphones and laptops to offer longer lasting batteries along with high efficiency is pushing this market. Other factors driving the growth of this market include technological advancement, and application in varied industries such as aerospace and defense, healthcare, and electronics among others. However, increased prices, and compatibility issues restrict the market growth. Additionally, proper standards for the development of battery management systems are yet to be developed, which further limits the growth of the market.

Segment Analysis

The global battery management system market is segmented on the basis of battery type, component, charging source, topology, end-use, and region. Based on battery type, the market is segmented into lead-acid, nickel-based, lithium-ion, flow batteries, and others. The component segment is categorized into hardware, and software. The charging source segment is divided into conventional, non-conventional, and hybrid. The topology is segmented into distributed, centralized, and modular. On the basis of end-users, the market is segmented into medical, automotive, telecommunication, consumer electronics, military, and others. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific. North America accounted for the largest share in the global battery management system market in 2017

Competitive Landscape

The leading companies in the market are introducing new products in the market to cater to the growing consumer demands while strengthening their market presence. They are also collaborating and partnering with other companies for geographic as well as customer base expansion. In Feb 2016, SBS Testing and Monitoring, which is a division of Storage Battery Systems, LLC, introduced its new EquaLink Battery Management and Monitoring System. This system is developed for Li-ion, Ni-Cad, NiMH, and lead-acid batteries. These systems provides diagnostic and monitoring services required for the maintenance of critical operating parameters. This new product launch enabled the company to expand its offering in the market and expand its customer base. In October 2017, Servato Corp., introduced its remote battery management system, the Smart Power System-248 (SPS-248). This system is equipped with design updates to manage network sites, decrease costs for carriers in backup power management. Other leading players in the market include Texas Instruments Inc., Johnson Matthey PLC., Linear Technology Corporation, Vecture Inc., Elithion Inc., NXP Semiconductors, Intersil Corporation, Nuvation Engineering, Ventec SAS, Generex Systems, and Lithium Balance A/S among others.