Electric Two-Wheeler Lithium-Ion Battery Management System Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Electric Two-Wheeler Lithium-Ion Battery Management System Market Size
According to a new report published by , 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.

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Electric Two-Wheeler Lithium-Ion Battery Management System Market
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.
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.

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By Topology
● Centralized
● Distributed
● Modular

By Vehicle Type
● Pedelecs
● Scooters
● Motorcycles

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