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Battery Management System (BMS) Market - Wireless Bms And Bms Supporting All The Cell Types Are Recent Trends In The Market

02-14-2017 11:51 AM CET | IT, New Media & Software

Press release from: TMR-SemiConductor Research

Battery Management System (BMS) Market - Wireless Bms And Bms

ells in battery pack must be kept at equal state of charge. If the cells go unstable, every single cell can get strained and lead to premature charge termination and a lessening in the overall life of the battery.

Global Battery Management System Market: Drivers and Restraints

The key factors that are expected to aid the growth of battery management system market are innovations in automotive segment including e-vehicles. The demand for e-vehicles has been growing significantly in recent years and automotive manufacturers are investing heavily in such solutions. For instance, in December 2015, Porsche AG, an automobile manufacturer announced a large investment of around US$1.08 Bn to build a plant to manufacture all-electric sports cars. The use of unmanned vehicles such as drones in defense activities and need of long lasting batteries for cellular phones and portable computers such as laptops are also aiding the growth in demand for battery management systems. The cellphone makers such as Samsung Electronics Co., Ltd., Motorola Mobility LLC and LG Electronics are vying to offer best in class battery for their high-range smartphones. These phones consume battery rapidly due to presence of new highly demanding features including 4G functionality. Thus, the companies are incorporating battery management system (BMS) to monitor and control the batteries used in these devices.

Wireless BMS and BMS supporting all the cell types are recent trends in the market and are expected to gain significant traction during the coming years. Industry verticals deploying battery management systems include automotive, energy, telecom, defense, consumers. On the basis of topologies, BMS can be classified as centralized, distributed and modular, which is based upon the use of controller in BMS.

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Global Battery Management System Market: Competitive Landscape

The market for battery management systems is expected to become increasingly competitive during the coming years and the focus of key players is expected to be on research and development along with partnerships. The key original equipment manufacturers (OEMs) of BMS include Ventec S.A.S., Nuvation, Ashwoods Energy Limited, Tws, Lithium Balance, Vecture Inc., Toshiba America, Inc., LARSEN & TOUBRO LIMITED, Merlin Equipment Ltd., AVL, Navitas System, LLC Corporate and Johnson Matthey.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

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