Electric Two-Wheeler Lithium-Ion Battery Management System Market Projected Expansion $5.6 billion by 2031

The global Electric Two-Wheeler Lithium-Ion Battery Management System Market size was valued at $0.90 billion in 2021, and is projected to reach $5.6 billion by 2031, growing at a CAGR of 20.3% from 2022 to 2031. A battery management system (BMS) is an electronic system that controls and maintains the battery pack of an electric two-wheeler. Electric two-wheelers are powered by lithium-ion batteries. The battery management system (BMS) continuously monitors a variety of battery parameters, including voltage, current flow, temperature, and charge state. The BMS actively balances the various cells in the battery pack to ensure that they are uniformly charged and discharged. This balancing process helps to improve the battery pack capacity and lifespan. The BMS also provides essential information to the vehicle's control system, allowing for accurate range estimation and efficient management of the electric powertrain.

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The global electric two-wheeler lithium-ion battery management system market growth is attributed to the increase in the adoption of electric vehicles (EVs) and hybrid electric vehicles (HEVs), a rise in industry preference for the use of lithium-ion batteries, and growth in the adoption of rechargeable batteries across multiple end-use industries. However, the rise in the overall price of products with the addition of the battery management system hinders the growth of the market. Moreover, an increase in the adoption of cloud-connected battery management systems, growth in demand for renewable energy, and rise in demand for e-bikes and e-scooters provide remarkable growth opportunities for players operating in the market.

Centralized battery management system is one of the most compact and straight forward topologies available in the market. 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.

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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.

The key players profiled in this report include

Elithion Inc
Jiangsu Xinri E-Vehicle Co
Leclanche
Lithium Balance
Mahindra & Mahindra Ltd
Navitas System LLC
Nuvation Energy
NXP Semiconductors
Renesas Electronics Corporation,
Shenzhen Litongwei Electronics Technology Co., Ltd
Yamaha Motor Co., Ltd.
Texas Instruments Incorporated

The report provides a detailed analysis of these key players in the global electric two-wheeler lithium-ion battery management system market. These players have adopted strategies such as new product launches to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

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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. At the policy level, 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. In addition, as the penetration rate for ternary lithium batteries in the automotive industry rises in China, higher requirements are posed on battery safety management. In February 2022, Exide collaborated with China-based SVOLT to produce lithium-ion cells in India. Exide intends to establish a wholly-owned subsidiary to handle Li-ion cell manufacturing. SVOLT will also provide the necessary assistance in establishing a cutting-edge green field manufacturing plant.

A battery management system (BMS) is an electronic system that controls and maintains the battery pack of an electric two-wheeler. Electric two-wheelers are powered by lithium-ion batteries. The battery management system (BMS) continuously monitors a variety of battery parameters, including voltage, current flow, temperature, and charge state. The BMS actively balances the various cells in the battery pack to ensure that they are uniformly charged and discharged. This balancing process helps to improve the battery pack capacity and lifespan. The BMS also provides essential information to the vehicle's control system, allowing for accurate range estimation and efficient management of the electric powertrain.

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There has been greater adoption of electric scooters & motorcycles in the U.S. owing to rise in urbanization and increase in traffic congestion. Furthermore, various initiatives by government for adoption of e-bikes is expected to create opportunities for key players in U.S. market. For instance, in October 2020, the U.S. Department for Interior statement announced the new rules governing electric bike use in the U.S. The new regulations allow public land managers to provide e-bike access to bike trails. The regulations have been agreed upon and applied by the Bureau of Land Management, National Park Service, Fish and Wildlife Service, and Bureau of Reclamation. The rise in popularity of pedelecs, electric scooters, and electric motorcycles in the country support the growth of the electric two-wheeler lithium-ion battery management system market.

Regional Analysis:

Based on region, Asia-Pacific held the highest market share in terms of revenue in 2021, accounting for more than four-fifths of the global electric two-wheeler lithium-ion battery management system market revenue, and is expected to maintain its dominance throughout the forecast period. Asia-Pacific has experienced a surge in electric two-wheeler sales, driven by growing population, increasing disposable incomes, and urbanization. Moreover, the presence of rapidly emerging countries in the region is expected to significantly impact the market. LAMEA is expected to witness the fastest CAGR of 25.4% from 2022 to 2031. This is due to the surge in popularity of electric vehicles.

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