Electric Two-Wheeler Lithium-Ion Battery Management System Market Forecasts to 2030 – Global Analysis By Battery Type (Lead-Acid Based, Lithium-Ion Based, Nickel Based and Other Battery Type), Topology (Centralized, Distributed and Modular), Vehicle Type,

Electric Two-Wheeler Lithium-Ion Battery Management System Market Forecasts to 2030 – Global Analysis By Battery Type (Lead-Acid Based, Lithium-Ion Based, Nickel Based and Other Battery Type), Topology (Centralized, Distributed and Modular), Vehicle Type, Application and By GeographyAccording to Stratistics MRC, the Global Electric Two-Wheeler Lithium-Ion Battery Management SystemMarket is accounted for $0.74 billion in 2023 and is expected to reach $3.06 billion by 2030 growing at a CAGR of 22.3% during the forecast period. An electrical system known as a battery management system regulates and tracks the charging and discharging of batteries and sends alerts on the status and health of battery packs. One of the main roles of a battery management system is to provide essential safeguards to protect batteries from damage. A lithium-ion battery can sustain damage if it is depleted below a predetermined level, which is roughly 5% of its total capacity. Batteries could sustain long-term damage if they are allowed to discharge below this point.

According to theChinese automaker, began selling vehicles in the United Kingdom this quarter, where electric vehicles are gaining market share.Backed by Warren Buffett's Berkshire Hathaway, it has appointed four UK dealer partners in Pendragon, Arnold Clark, Lookers, and LSH.BYD's first model will be the Atto 3 SUV, and more dealer partners and pricing will be announced.

Market Dynamics:

Driver:

Rise in the use of electric vehicles (EVs) and hybrid electric vehicles (HEVs)

To minimize greenhouse gas (GHG) emissions, governments all over the world have put in place strict laws and regulations, such as the Kyoto Protocol. The automobile industry has innovated with the development of electric and hybrid vehicles as a result of growing environmental consciousness regarding the negative environmental effects of gasoline and diesel-powered vehicles. Additionally, as consumer demand for fuel-efficient automobiles and increased vehicle economy grows, electric and hybrid vehicles continue to progress technologically. Battery management systems have begun to be incorporated into vehicles by manufacturers in order to maximize the use of battery storage capacity in electric vehicles and reduce risks brought on by battery overheating in electric and hybrid electric vehicles.

Restraint:

An increase in the product's overall price

The installation of a battery management system in a vehicle entails additional production expenses in the automobile industry, a suitable cooling system is necessary for the components of the battery management system to operate without interruption. However, a battery management system (BMS) needs a lot of ports to interface with all battery packages because all batteries should be directly connected to the BMS.

Opportunity:

Increasing desire for using lithium-ion batteries in industries

Future e-mobility is leaning toward significant demand for lithium-ion batteries due to the introduction of electric-powered drivetrains intended to transition vehicles away from traditional fuels and carbon gas emissions. Lithium-ion batteries now come with built-in battery management systems. Lithium-ion batteries retain a significant market share among a variety of different battery kinds that also contain battery management systems, and their sales are predicted to increase quickly in comparison to those of other battery types like lead-acid and nickel-based batteries. Because of their high charge density and low weight, they are recognized as battery of interest by producers of electric vehicles.

Threat:

Lower demand from individuals who are cost-conscious

The usage of a battery management system might result in a significant increase in the overall cost of a product or application. Because of this high cost, cost-conscious consumers may limit their demand for the product or application, which could discourage product makers from utilizing battery management systems despite its benefits. Therefore, cost-conscious consumers avoid making additional payments, which deters product manufacturers from taking risks to meet market demands for technological advancements and capital expenditures and, in turn, restrains the growth of the electric two-wheeler lithium-ion battery management system market.

Covid-19 Impact

Due to the COVID-19 pandemic, commuters are mostly forgoing the usage of public transit. E-bikes are seen as a safe, practical, and cost-effective substitute. E-bikes are becoming more and more popular as a form of transportation, say industry insiders and e-bike producers including Rad Power Bike, VanMoof, and Lectric e-bike. China saw a spike in demand for electric bikes, reaching production levels of 25.48 million during the first 10 months of 2020, a year over year increase of 33.4%, according to the Ministry of Industry and Information Technology.

The scooters segment is expected to be the largest during the forecast period

The scooters segment is estimated to have a lucrative growth, due to Lithium-ion batteries are crucial for electric scooters. Manufacturers in the electric scooter battery business are continually experimenting with these batteries due to the advantages of rechargeable types. Lithium-ion batteries are appropriate for large-capacity requirements due to their high density. It has been established that compared to SLA and NiMH batteries, lithium-ion batteries self-discharge at a slower pace.

The automotive segment is expected to have the highest CAGR during the forecast period

The remote area electrification segment is anticipated to witness the highest CAGR growth during the forecast period, due to lithium-ion batteries will be used most frequently in the automotive industry. Customers have been drawn to these electric or hybrid vehicles by the growing knowledge of the advantages of battery-operated vehicles and the rising costs of gasoline and diesel, particularly in Asia Pacific, North America, and Europe. The industry that uses lithium-ion batteries most frequently is said to be consumer electronics. The adoption of lithium-ion batteries in various applications has increased as a result of the consumer electronics industry's ongoing development. They have a number of benefits, including greater safety, low pollution, and high-power capacity.

Region with largest share:

Europe is projected to hold the largest market share during the forecast period owing to fact that it is one of the top automobile-producing nations in Europe. The governments of many nations in the European region have heavily supported and invested in research and development (R&D) operations in the electricity sector over the past several years. As the production of automobiles rises, the need for energy storage solutions increases, the adoption of electric vehicles rises in response to environmental concerns, and there have been significant investments made in lithium-ion battery research projects, the demand for lithium-ion batteries in the European region is developing quickly.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the markets for electric vehicles worldwide. Li-ion batteries are becoming rapidly embraced by the automotive industry. Additionally, due to the rising demand for smartphones, laptops, and other electronic devices in a number of other nations, including China, India, Japan, and Singapore.

Key players in the market

Some of the key players profiled in the Electric Two-Wheeler Lithium-Ion Battery Management SystemMarket include Yamaha Motor Co., Ltd., Mahindra & Mahindra Ltd, Shenzhen Litongwei Electronics Technology Co., Ltd.,Texas Instruments Incorporated, Sensata Technologies, Inc., Elithion Inc,Renesas Electronics Corporation, NXP Semiconductors N.V., Nuvation Energy, Jiangsu Xinri E-Vehicle Co., Ltd, Leclanché SA, Navitas System LLC, Analog Devices and Johnson Matthey PLC, Infineon Technologies AG, Lithium Balance A/S, Eberspaecher Vecture Inc., Xiamen Tmax Battery Equipments Limited and ION Energy Inc.

Key Developments:

In September 2021, The Toshiba Corporation, Sojitz Corporation, and CBMM have entered into JDA (Joint Development Agreement) to commercially the next-generation lithium-ion batteries by using niobium titanium oxide for anode material.

In May 2021, The commercial vehicle manufacturer, Daimler Truck AG, and lithium-ion battery manufacturer, CATL, extended their existing partnership based on their shared vision of CO2 neutral electrified trucking.

Battery Types Covered:
• Lead-Acid Based
• Lithium-Ion Based
• Nickel Based
• Flow Batteries
• Other Battery Type

Topologies Covered:
• Centralized
• Distributed
• Modular

Vehicle Types Covered:
• Motorcycles
• Pedelecs
• Scooters
• Other Vehicle Types

Applications Covered:
• Automotive
• Consumer Electronics
• Defense
• Energy
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements