EV Battery Management Market by Vehicle Type (Electric Cars, LCV, HCV, E-scooters & Motorcycles, and E-bikes), Configuration, Design, Topology, Voltage, Cell Balancing Method, and Geography - Global Forecast to 2029

EV Battery Management Market by Vehicle Type (Electric Cars, LCV, HCV, E-scooters & Motorcycles, and E-bikes), Configuration, Design, Topology, Voltage, Cell Balancing Method, and Geography - Global Forecast to 2029

EV Battery Management Systems Market by Vehicle Type (Electric Cars, LCV, HCV, E-scooters & Motorcycles, and E-bikes), Configuration, Design, Topology, Voltage, Cell Balancing Method, and Geography – Global Forecast to 2029

The research report titled, ‘EV Battery Management Systems Market by Vehicle Type (Electric Cars, LCV, HCV, E-scooters & Motorcycles, and E-bikes), Configuration, Design, Topology, Voltage, Cell Balancing Method, and Geography – Global Forecast to 2029’, provides an in-depth analysis of the EV battery management systems market across five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2029. The EV battery management systems market is projected to reach $37.3 billion by 2029, at a CAGR of 30.5% during the forecast period of 2022–2029.

The EV battery management systems market is segmented based on vehicle type, configuration, design, topology, voltage, cell balancing method, and geography. The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on vehicle type, the light commercial vehicles segment is slated to register the highest CAGR during the forecast period. The growth of this segment is attributed to the increasing awareness regarding the role of electric vehicles in reducing emissions, the high demand for electric vehicles to reduce fleet emissions, and stringent government rules and regulations regarding vehicle emissions.

Based on configuration, the 144 cells to 180 cells segment is slated to register the highest CAGR during the forecast period. The growth of this segment is attributed to the increasing adoption of electric light commercial vehicles by retail MNCs and transport fleet operators, the higher energy capacity requirements of EV batteries to facilitate long-range driving, and the increasing adoption of electric buses by municipalities to reduce tailpipe emissions and carbon footprint of the transport sector.

Based on design, in 2022, the battery management systems segment is expected to account for the larger share of the EV battery management systems market. The large market share of this segment is attributed to the benefits offered by battery management systems, such as monitoring the voltage and current in a battery pack, cell balancing capabilities, and protection against overcharge and deep discharge.

Based on geography, the EV battery management systems market is segmented into five major geographies: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, Asia-Pacific is expected to account for the largest share of the EV battery management systems market. The major market share of this region is attributed to the growing number of start-ups offering numerous battery solutions, the leadership of China in global EV battery manufacturing capacities, and the increasing investments in battery management systems by major market players.

The key players operating in the EV battery management systems market are Leclanché SA (Switzerland), Sensata Technologies Holding PLC (U.S.), Nuvation Energy (U.S.), Renesas Electronics Corporation (Japan), Eberspaecher Vecture Inc. (Canada), ST Microelectronics N.V. (Switzerland), Panasonic Corporation (Japan), LION Smart GmbH (Germany), Ewert Energy Systems, Inc. (U.S.), Navitas Systems LLC. (U.S.), NXP Semiconductors N.V. (Netherlands), Analog Devices, Inc. (U.S.), Merlin Equipment Ltd. (UK), BMS PowerSafe (France), and Maxim Integrated (U.S.).

Key questions answered in the report-

Which are the high-growth market segments in terms of vehicle type, configuration, design, topology, voltage, cell balancing, and geography?
What is the historical market size for EV battery management systems across the globe?
What are the market forecasts and estimates for the period 2022-2029?
What are the major drivers, restraints, and opportunities in the EV battery management systems market?
Who are the major players in the EV battery management systems market, and what market shares do they hold?
Who are the major players in various countries, and what market shares do they hold?
How is the competitive landscape?
What are the recent developments in the EV battery management systems market?
What are the different strategies adopted by major players in the EV battery management systems market?
What are the geographical trends in high-growth countries?
Who are the local emerging players in the EV battery management systems market, and how do they compete with other players?

Scope of the Report:

EV Battery Management Systems Market, by Vehicle Type

Electric Cars
Battery Electric Vehicles
Plug-in Hybrid Electric Vehicles
Hybrid Electric Vehicles
Light Commercial Vehicles
Heavy Commercial Vehicles
E-scooters & Motorcycles
E-bikes

EV Battery Management Systems Market, by Configuration

Up to 36 Cells
48 Cells to 84 Cells
96 Cells to 132 Cells
144 Cells to 180 Cells
More Than 180 Cells

EV Battery Management Systems Market, by Design

Protection Circuit Model
Battery Management Systems

EV Battery Management Systems Market, by Topology

Centralized BMS
De-centralized BMS
Modular BMS

EV Battery Management Systems Market, by Voltage

Low-voltage BMS
High-voltage BMS

EV Battery Management Systems Market, by Cell Balancing Method

Active Cell Balancing
Passive Cell Balancing

EV Battery Management Systems Market, by Geography

Asia-Pacific
China
India
Japan
South Korea
Thailand
Indonesia
Rest of APAC
Europe
U.K.
Germany
France
Italy
Spain
Poland
Hungary
Norway
Sweden
Denmark
Rest of Europe
North America
U.S.
Canada
Latin America
Middle East & Africa

EV Battery Management Systems Market Report Summary

Report Metrics	Details
Years Considered	2020 - 2029
Base Year	2021
Forecast Period	2022-2029
Page Count	223
Units Referenced	Value (USD Million)
Segments/Key Topics	Market by Vehicle Type, Market by Configuration, Market by Design, Market by Topology, Market by Voltage, Cell Balancing Method, Market by Geography
Regions Covered	North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa
Key Companies Mentioned	Leclanché SA (Switzerland), Sensata Technologies Holding PLC (U.S.), Nuvation Energy (U.S.), Renesas Electronics Corporation (Japan), Eberspaecher Vecture Inc. (Canada), ST Microelectronics N.V. (Switzerland), Panasonic Corporation (Japan), LION Smart GmbH (Germany), Ewert Energy Systems, Inc. (U.S.), Navitas Systems LLC. (U.S.), NXP Semiconductors N.V. (Netherlands), Analog Devices, Inc. (U.S.), Merlin Equipment Ltd. (UK), BMS PowerSafe (France), and Maxim Integrated (U.S.)

FAQs About the Report

What is the focus of the EV battery management systems market report?

The global EV battery management systems market report covers the market sizes & forecasts by vehicle type, configuration, design, voltage, topology, cell balancing method, and geography. The market study also involves the value analysis of various EV battery management systems at the regional and country levels.

What is the value of revenue generated from EV battery management systems across the globe? At what rate is the demand expected to grow for the next 5–7 years?

The global EV battery management systems market is projected to reach $37.3 billion by 2029, at a CAGR of 30.5% from 2022 to 2029.

Which vehicle type category is expected to hold the major share of the market in 2022?

Based on vehicle type, in terms of value, the electric cars segment is expected to account for the largest share of the EV battery management systems market in 2022.

Which configuration segment is expected to hold the largest share of the EV battery management systems market in 2022?

Based on configuration, in 2022, the 96 cells to 108 cells segment is expected to account for the largest share of the global EV battery management systems market.

What are the key factors supporting the growth of this market? What are the major opportunities for existing market players and new entrants in the EV battery management systems market?

The growth of this market is attributed to the increasing adoption of electric vehicles, the increasing safety concerns related to EV batteries, the increasing demand for fast charging batteries for e-mobility, and the increasing requirement for higher efficiency and performance of battery packs. Furthermore, the increasing R&D investments for developing high energy density EV batteries and new cell chemistries for EV batteries offer potential growth opportunities for the players operating in this market.

Who are the major players operating in the EV battery management systems market ?

The key players operating in the global EV battery management systems market are Leclanché SA (Switzerland), Sensata Technologies Holding PLC (U.S.), Nuvation Energy (U.S.), Renesas Electronics Corporation (Japan), Eberspaecher Vecture Inc. (Canada), ST Microelectronics N.V. (Switzerland), Panasonic Corporation (Japan), LION Smart GmbH (Germany), Ewert Energy Systems, Inc. (U.S.), Navitas Systems LLC. (U.S.), NXP Semiconductors N.V. (Netherlands), Analog Devices, Inc. (U.S.), Merlin Equipment Ltd. (UK), BMS PowerSafe (France), and Maxim Integrated (U.S.).

Which region is likely to offer significant growth opportunities for the vendors in this market during the analysis period?

Europe is projected to offer significant growth opportunities for this market. The high demand for battery management systems in this region is attributed to the presence of manufacturing facilities of major automotive manufacturers such as the BMW Group (Germany), Daimler (Germany), and Volkswagen (Germany).

Sample - Electric Vehicle Battery Management Systems - Global Opportunity Analysis and Industry Forecasts (2022-2029).pdf