Power Battery Management System 2018 Market Analysis by Leading Manufacturers: Robert Bosch GmbH , AES Energy Storage , Continental AG, Kefico Corporation , AEG Power Solutions

Power Battery Management System Market Highlights:-

The increasing integration of battery management systems in consumer electronics and renewable energy systems, applications is the major driver for the battery management system market. Moreover, PBMS market for lithium-ion-based battery, is expected to witness the highest growth rate during the forecast period. The high demand for battery management systems from the renewable energy storage applications and growing trend of battery-driven public transport, also drives the growth of the market. Furthermore, overall cost of the device acts as a major restraint for the growth of the market. The global power battery management system market is expected to reach, approximately, USD 6,564.6 million by the end of 2023, growing at a CAGR of more than 10% between 2017 and 2023.

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Industry Top Key Players:-
• LG Chem Ltd
• ABB
• Robert Bosch GmbH
• AES Energy Storage
• Continental AG
• Kefico Corporation
• AEG Power Solutions
• Greensmith Energy
• Su-Kam Power Systems Ltd
• Exide Industries Limited

Major Points From TOC:-
1 Executive Summary
2 Introduction
3 Research Methodology

4 Market Dynamics
4.1 Drivers 23
4.1.1 Downfall In The Technology Cost 23
4.1.2 Increasing Application Of Battery Management System In All End-User Industries 23
4.2 Restraints 23
4.2.1 High Initial Capital Investment 23
4.3 Opportunity 24
4.3.1 High Investment In Energy Storage Systems With Grid Expansion And Scope Of Development In End-User Sectors 24

5 Market Effect Factors Analysis
5.1 Porter’s Five Forces Analysis 25
5.1.1 Threat Of New Entrants 25
5.1.2 Bargaining Power Of Suppliers 25
5.1.3 Bargaining Power Of Buyers 26
5.1.4 Threat Of Substitutes 26
5.1.5 Rivalry 26

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Regional Analysis:-

North America held the largest share of the global PBMS market in 2016, owing to the rapid adoption of power battery management systems in various applications such as portable device, automotive, renewable energy storage system, and telecommunication in this region. Geographically, U.S. is one of the major revenue generators of power battery management system. However, for the manufacturer there will be ample opportunities to invest or increase the production capacity.

Asia Pacific accounted for the largest market share of 47.35% in 2016, followed by North America, which is expected to grow at a CAGR of 11.85% during the forecast period. Asia-Pacific has a cumulative energy storage capacity of 73.51 GW. Open pumped hydro storage contributed about 72.6 GW and the remaining 0.91 GW capacity came through batteries and thermal, chemical & electro-chemical energy storage. The government of India has set up a target of 6-7 billion electric vehicle by end of 2020. This increase in the production of electric vehicle will drive the power battery management system. Asia Pacific has a great potential in overall energy storage capacity due to growing concern to develop renewable energy resources and carbon footprint.

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