Power Battery Management System Market Key Players - LG Chem Ltd (South Korea), ABB (Switzerland), Robert Bosch GmbH (Germany), AES Energy Storage (U.S.), Kefico Corporation (Korea )

Market Highlights
Power battery management systems are designed with modular architectures to enable cost- and performance-optimized scaling. They can be used to manage a range of configurations and voltages. A battery management system monitors all batteries in a pool and eliminates battery selection by determining which battery has had the longest cooling time since charging. The high demand for battery management systems from the renewable energy storage applications and growing trend of battery-driven public transport, also drives the growth of the market. Furthermore, overall cost of the device acts as a major restraint for the growth of the market.

The Global Power Battery Management System Market has been broadly segmented based on types, applications and geographies. As per the type, power battery management system market has been segmented as Distributed, Centralized, and Modular. Distributed segment holds the largest market share with a CAGR 10.48% from 2017 to 2022. Whereas, in terms of application, it includes Grid Energy Storage, Specialty Vehicles / Marine / Robots, Telecom / Datacom and Others. In 2016, the power battery management system sales in grid energy storage will reach approximately 2,922.5 in 2022; while the sales market share (%) in grid energy storage was 60.61% in 2016 and will be 61.40% in 2022. Geographically, Asia-Pacific is expected to show a high rate of growth in power battery management system market over the coming years.

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The power battery management system utilizes various technologies that comprises numerous associated equipment. The gradual downfall in the price of raw material and manufacturing cost have resulted in the increase use of power battery management system. The reduction in battery cost, and related equipment such as anode materials, cathode materials, electrolyte and separators have given end-user, a strong framework to the investment in the energy storage system. The increase in the production of equipment related to storage of energy technology with reduction in raw material cost is developing a favorable environment for the existing and new service provider. This provides viable energy storage solution in a cost effective way. However, the high initial capital investment, acts as a major barrier for the growth of the power battery management system market.
Global Power battery management system market is expected to have a very broad market in coming recent. MRFR analysts has predicted that power battery management system industry is about to grow at a rapid pace. Moreover, the economic growth with emissions reduction have given the growth, a momentum. The global power battery management system market is poised to grow at an estimated CAGR of 11.86% through the forecast period.

Key Players
The major players operating in the market of global power battery management system are LG Chem Ltd (South Korea), ABB (Switzerland), Robert Bosch GmbH (Germany), AES Energy Storage (U.S.), Continental AG (Germany), Kefico Corporation (Korea ), AEG Power Solutions (Germany), Greensmith Energy (U.S.), Su-Kam Power Systems Ltd (India), Exide Industries Limited (India)
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Regional Analysis
Asia Pacific accounted for the largest market share of 47.35% in 2016, followed by North America, which is expected to grow at a CAGR of 11.85% during the forecast period. Asia-Pacific has a cumulative energy storage capacity of 73.51 GW. Open pumped hydro storage contributed about 72.6 GW and the remaining 0.91 GW capacity came through batteries and thermal, chemical & electro-chemical energy storage. The government of India has set up a target of 6-7 billion electric vehicle by end of 2020. This increase in the production of electric vehicle will drive the power battery management system. Asia Pacific has a great potential in overall energy storage capacity due to growing concern to develop renewable energy resources and carbon footprint.

North America held the largest share of the global PBMS market in 2016, owing to the rapid adoption of power battery management systems in various applications such as portable device, automotive, renewable energy storage system, and telecommunication in this region. Geographically, U.S. is one of the major revenue generators of power battery management system. However, for the manufacturer there will be ample opportunities to invest or increase the production capacity.
Europe is addressing these new challenges in the energy system by promoting innovation in key technologies and developing suitable market rules. Germany energy storage market has witnessed an enormous enhancement in recent years, this is largely driven due to Germany’s ambitious energy transition. The enhancement in technology in battery system have led to the growth of the power battery management system market.
Table of Content
1 EXECUTIVE SUMMARY
2 INTRODUCTION$
2.1 Definition 16
2.2 Scope Of The Study 16
2.3 Assumptions 16
2.4 Market Structure 17

3 RESEARCH METHODOLOGY$ 0.00
3.1 Research Process 18
3.2 Primary Research 19
3.3 Secondary Research 19
3.4 Market Size Estimation 19
3.5 Forecast Model 21

4 MARKET DYNAMICS$ 950.00
4.1 Drivers 23
4.1.1 Downfall In The Technology Cost 23
4.1.2 Increasing Application Of Battery Management System In All End-User Industries 23
4.2 Restraints 23
4.2.1 High Initial Capital Investment 23
4.3 Opportunity 24
4.3.1 High Investment In Energy Storage Systems With Grid Expansion And Scope Of Development In End-User Sectors 24
Continue……..

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