EV Two-Wheeler Lithium-Ion Battery Management System Market Expected to Reach $2.8 Billion by 2031

According to a new report published by Allied Market Research, titled, "Electric Two-Wheeler Lithium-Ion Battery Management System Market," The electric two-wheeler lithium-ion battery management system market was valued at $0.5 billion in 2021, and is estimated to reach $2.8 billion by 2031, growing at a CAGR of 20.3% from 2022 to 2031.

Asia-Pacific is expected to dominate the global electric two-wheeler lithium-ion battery management system market. The presence of rapidly emerging countries in the region is expected to significantly impact the market. Furthermore, huge demand has been witnessed in this region for electric two-wheeler lithium-ion battery to eliminate the emission by gasoline fuel. The Chinese government in 2019 implemented strict emission control rules to boost electric vehicles on roads, which, in turn, is expected to surge the two-wheeler lithium-ion battery management system market. The National Technical Committee of Auto Standardization under China Automotive Technology & Research Center, with the aim to increase safety of new energy vehicles, is developing national BMS standards that contribute to more stringent standards on BMS.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭- https://www.alliedmarketresearch.com/electric-two-wheeler-lithium-ion-battery-management-system-market/purchase-options

Centralized battery management system is one of the most compact and straightforward topologies available in the electric two-wheeler lithium-ion battery management system market. In this type of architecture, the pack management unit (PMU), module management unit (MMU), and cell monitoring unit (CMU) are coupled in a single entity on a printed circuit board (PCB). Centralized battery management system has lower design cost, as all necessary components of battery management system, such as pack management unit, and module management unit are coupled on printed circuit board, which, in turn, drives the growth of centralized segment. In addition, replacement and troubleshooting in this topology is significantly easy as compared to other types of topologies.

Factors, such as increase in adoption of electric vehicles (EVs) and hybrid electric vehicles (HEVs), and rise in industry preference for use of lithium-ion batteries drive the growth of the electric two-wheeler lithium-ion battery management system market. However, increase in overall price of the products with addition of battery management system hinders the growth of the market. Further, increase in adoption of cloud-connected battery management systems, growth in demand for renewable energy, and growth in demand for e-bikes and e-scooters provide remarkable growth opportunities for players operating in the market.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬- https://www.alliedmarketresearch.com/request-sample/8260

COVID-19 Impact Analysis

Owing to the COVID-19 pandemic, commuters are mostly avoiding the use of public transportation, and e-bikes are considered a safe, convenient, and affordable alternative to public transportation. According to industry experts and e-bike manufacturers, such as Rad Power Bike, VanMoof, and Lectric e-bike, e-bikes are increasingly considered an ideal transportation mode. According to the Ministry of Industry and Information Technology, China registered a surge in demand for electric bike and reached the production at 25.48 million during the first 10 months of the 2020, a year-on-year increase of 33.4%.

In addition, according to Taiwan External Trade Development Council (TAITRA), Taiwan recorded 21% increase in electric bike exports. Thus, according to International Nederlanden group (ING) report, the number of people opting for electric bikes has gained momentum during the global health crisis and people are depending on electric mobility for emergencies such as food supplies or medicines.

The e-bike market observed a huge boost in sales post COVID-19 in 2021. However, post 2021, the market would return to normalcy. The demand for e-bikes would grow at a moderate rate, considering the continuation of safer public and private transportation systems, such as metros, buses, and cab/ride-sharing platforms.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠- https://www.alliedmarketresearch.com/purchase-enquiry/8260

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘

1️⃣ By vehicle type, the motorcycle segment is anticipated to exhibit significant growth in the near future.
2️⃣By topology, the centralized segment is anticipated to exhibit significant growth in the near future.
3️⃣ By region, LAMEA is anticipated to register the highest CAGR during the forecast period.

Key players operating in the global electric two-wheeler lithium-ion battery management system market include Elithion Inc, Jiangsu Xinri e-vehicle Co., Ltd., Leclanche SA, Lithium Balance, Mahindra & Mahindra Ltd., Navitas System LLC, Nuvation Energy, NXP Semiconductors, Renesas Electronics Corporation, Shenzhen Litongwei Electronic Technology Co., Ltd, Texas Instruments Incorporated, and Yamaha Motor Co., Ltd.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.

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.

This release was published on openPR.