Press release
Electric Two Wheeler Lithium Ion Battery Management System Market is projected to reach USD 2.76 Billion by 2030 : Cognitive Market Research
Electric Two Wheeler Lithium Ion Battery Management System Market is projected to reach USD 2.76 Billion by 2030
- The major functions of an electric two-wheeler lithium-ion battery management system are to protect the batteries, monitor them, and optimize the driving range of vehicles. Electric Two-Wheeler Lithium-Ion BMS is an environmentally friendly energy source for two-wheelers. It helps in regulating, monitoring, and maintaining the batteries so as to prevent any kind of damage. BMS thus controls and monitors the batteries during the charging and discharging process.
Summary:
- As per Cognitive Market Research, Global Electric Two Wheeler Lithium Ion Battery Management System market size was $0.53 Billion in 2022 and it is forecasted to reach $2.76 Billion by 2030. Electric Two Wheeler Lithium Ion Battery Management System Industry's Compound Annual Growth Rate will be 20.1% from 2023 to 2030.
"To know more about The Electric Two Wheeler Lithium Ion Battery Management System Market statistics click here: https://www.cognitivemarketresearch.com/electric-two-wheeler-lithium-ion-battery-management-system-market-report
Market Dynamics:
- Active participation of Government of various countries in the adoption of electric vehicles:
Electrification in transportation has been a revolution in the automotive sector. With rise in the concern regarding pollution, carbon emission, and extinction of fuels, demand for alternative solutions started occupying places in the market. Governments across the globe have decided to adopt the promising technology for electrification of public and private transportation. Several governments have defined the goals and timelines for the phase-out of diesel and then gasoline engines. For instance, the European government is also taking the initiatives to promote the electric vehicles.
- Restraining Factor:
Challenges associated with electric vehicles:
Adoption of electric two-wheelers is becoming extremely popular around the globe, however, the conversion or transition of ICEVs to battery EVs is associated with several problems, such as limited range, and long recharge time. Moreover, many countries have also not yet developed the adequate charging stations and infrastructure which further hinders the growth of market.
However, in order to overcome these challenges, many manufacturers are focusing on developing less expensive BMS along with improving the efficiency, reliability and driving range of electric two-wheelers.
- Current Trends:
Artificial Intelligence in BMS
Use of AI tool in battery management system provides benefits of cloud storage and computing resources. It also helps in transferring algorithms to the cloud based on big data models. This makes easy to balance, correct and control vehicles. Hence, use of AI in BMS will stimulate the growth of market significantly.
Market Segmentation:
Vehicle Type:
• Pedelecs
• Motorcycles
• Scooters
Topology:
• Centralized
• Distributed
• Modular
The Major Players in Electric Two Wheeler Lithium Ion Battery Management System Market are:
Nuvation Energy, Xiamen Tmax Battery Equipments Limited , NXP Semiconductors N.V. , Dongguan A-Warrior Electronics Co. Ltd. , Elithion Inc , ION Energy Inc. , Jiangsu Xinri E-Vehicle Co. Ltd. , Mahindra & Mahindra Ltd. , Texas Instruments Incorporated , Yamaha Motor Co. Ltd. , Infineon Technologies AG , Others.
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Regional Analysis:
- Electric two-wheeler is becoming more and more common in European countries like Netherlands, Germany, France, and Norway. The use of plug-in vehicles in Europe is actively supported by its government. Wide array of policies has been established to offer direct financial support to customers. Thus, favourable government policies associated with electric vehicles energies the growth of electric two-wheeler lithium-ion battery management system market.
News:
• March 2023, Qnovo has collaborated with NXP to accelerate EV battery performance and range:
Qnovo has announced a collaboration with NXP Semiconductors in order to implement new innovation for electrified mobility, SpectralX for electric vehicles. SpectralX is intelligent battery management system (BMS) software that uses predictive analytics to improve battery performance, safety, and range in several types of EVs with any type of lithium-ion battery.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Electric Two Wheeler Lithium Ion Battery Management System Market
Chapter 4 Global Electric Two Wheeler Lithium Ion Battery Management System Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
• 5.1 Global Electric Two Wheeler Lithium Ion Battery Management System Market Revenue and Share by Manufacturers (2018-2022)
• 5.2 Global Electric Two Wheeler Lithium Ion Battery Management System Industry Mergers and Acquisition Analysis
• 5.3 Global Electric Two Wheeler Lithium Ion Battery Management System New Launches Analysis
• 5.4 Company Categorization
• 5.5 Global Electric Two Wheeler Lithium Ion Battery Management System Top Winning Strategies, by Manufacturers (2018-2022)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Electric Two Wheeler Lithium Ion Battery Management System Market by Vehicle Type Segmentation Analysis (2018-2030)
Chapter 10 Global Electric Two Wheeler Lithium Ion Battery Management System Market by Topology Segmentation Analysis (2018-2030)
Chapter 11 Global Electric Two Wheeler Lithium Ion Battery Management System Market Regional Analysis
Chapter 12 North America Electric Two Wheeler Lithium Ion Battery Management System Market Outlook (2018 - 2030)
Chapter 13 Europe Electric Two Wheeler Lithium Ion Battery Management System Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Electric Two Wheeler Lithium Ion Battery Management System Market Outlook (2018 - 2030)
Chapter 15 Latin America Electric Two Wheeler Lithium Ion Battery Management System Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Electric Two Wheeler Lithium Ion Battery Management System Market Outlook (2018 - 2030)
Chapter 17 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about Electric Two Wheeler Lithium Ion Battery Management System Market TOC click here: https://www.cognitivemarketresearch.com/electric-two-wheeler-lithium-ion-battery-management-system-market-report#table_of_contents
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• Electric Vehicle market - https://www.cognitivemarketresearch.com/electric-vehicle-market-report
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• Common Mistakes that Companies Can Make While Conducting Market Research - https://www.cognitivemarketresearch.com/blog/common-mistakes-that-companies-can-make-while-conducting-market-research
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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