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Battery Management System Market by Type (Motive Battery and Stationary Battery), Battery Type (Lithium-ion, Lead-acid, Nickel-based, Solid-state, Flow battery), Topology (Centralized, Distributed and Modular), Application and Region - Global Forecast to
battery management system (BMS) market
One of the major opportunities for the battery management system market is from EV charging stations. As the adoption of electric vehicles is growing both for consumer end and public transportation, setting up many e-charging stations becomes essential. Thus, the governments are helping to incentivize the number of charging stations.
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Key Market Players
Sensata Technologies, Inc. (Japan), Eberspächer (Germany), Panasonic Holdings Corporation (Japan), and LG Energy Solution, Ltd. (South Korea) are among a few top players in the battery management system market.
Battery management systems are incorporated into various applications to monitor, control, and maintain the battery condition. The functions of BMS are and are not limited to determining the state of charge (SoC), state of health (SoH), the number of cycles, maintaining maximum and minimum voltage, and temperature range which require high accuracy for its effective working.
Asia Pacific witnesses a huge demand for battery management systems from automotive applications for electric vehicles, e-bikes, and automated guided vehicles. The energy-density lithium-ion batteries are used in these applications in which dozens of cells are stacked in a series. These cells need to be managed and controlled to avoid vehicle failure, thus making the battery management system a key element in the electric vehicle architecture.
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This research report categorizes the battery management system market by type, battery type, topology, application, and region.
Aspect Details
By Type:
• Motive Battery
• Stationary battery
By Battery Type:
• Lithium-ion
• Lead-acid
• Nickel-based
• Other batteries
By Topology:
• Centralized
• Modular
• Distributed
By Application:
• Automotive
• Industrial
• Renewable energy
• Telecommunications
• Military and Defense
• Other applications
Recent Developments
• In September 2022, Sensata Technologies, Inc. announced the launch of a new Battery Management System (BMS), named Lithium Balance n3-BMS, for high voltage applications.
• In June 2022, Renesas Electronics Corporation introduced an AUTOSAR-compliant complex device driver (CDD) software module for automotive battery management systems (BMS) designers for electric vehicle (EV) applications.
• In April 2022, Infineon Technologies AG introduced a new family of battery management ICs, which includes TLE9012DQU and TLE9015DQU. These ICs are optimized solutions for battery cell monitoring and balancing. In addition, they have excellent measurement performance with the highest application robustness.
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Frequently Asked Questions (FAQs):
What is the total CAGR for the battery management system market from 2023 to 2028?
What are the driving factors for the battery management system market?
Which are the significant players operating in the battery management system market?
Which region will grow at a fast rate in the future?
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