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Automotive Battery Management System Market Key Drivers, Business Insights, Trends And Forecast To 2025

04-05-2019 07:43 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

Automotive Battery Management System

Automotive Battery Management System

The battery management system helps monitor battery usage and optimum performance of a battery. This system further manages rechargeable battery by controlling its operating area, balancing it, and protecting the battery. It also controls recharging of battery in an electric vehicle. Therefore, rise in adoption of electric and hybrid electric vehicles is expected to boost the demand for battery management system. The factors such as enhancing the longevity of battery, temperature management, and data recording drive the growth of the automotive battery management system market.

Lithium-ion batteries are gaining traction due to its features such as higher power density and lower cost. Earlier lead-acid batteries were majorly used, which did not have enough storage capacity per unit of mass. However, Lithium-based batteries are difficult to manage due to its non-linear charge or discharge curve. These batteries are damage prone if over or undercharged. The battery management system thus helps with notification of battery shut down or safety measures action.

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The battery management system communicates with other powertrain components to record charge level. It is one of the critical parts of electric vehicle powertrain and helps in cell balancing, thermal protection of batteries, and current control while charging. It also aims to safeguard the battery as well as running of the vehicle. Furthermore, it is important to decide what control functions should be assigned to a battery management system to avoid situation where it may hamper the motion or movement of the vehicles. Therefore, with increase in adoption of electric vehicles the industry is expected witness development of advanced battery management system over the next few years.

Global battery management system market is segmented based on battery type, vehicle type, connectivity topology, and region. Based on battery type, the market is classified into lithium-ion based, advanced lead-acid based, nickel-based, and flow batteries. Vehicle type is categorized into electric vehicle, golf cart, and E-bikes. On the basis of connectivity topology, the market is segmented into centralized, distributed, and modular. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Key players of the battery management system market are Robert Bosch GmbH, Continental AG, Toshiba Corporation, Intel Corporation, NXP Semiconductors NV, Analog Devices, Inc., Renesas Electronics Corporation, John Matthey, Inc., LG Chem, Ltd, and Midtronics, Inc.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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