The basic task of a Battery Management System is to ensure good health of the battery by optimally using the energy inside a battery and preventing it from any kind of damage or misuse. It is a combination of hardware and software which will ensure longer and healthy battery life. A study on Battery Management System is very crucial since the market for rechargeable battery is growing at a high rate. The present trend of increasing demand for rechargeable batteries is very encouraging for the Battery Management Systems Market. The development in the renewable energy storage segment is leading to an increase in the demand for rechargeable batteries which will be impacting Battery Management Systems Market significantly in coming years. Increasing popularity of rechargeable batteries is also due to utilization of battery backup in various applications such as military, healthcare and telecommunication. Anticipated growth in Power Grids and Automotive industry is also a clear indicator that the Battery Management Systems are strongly penetrating the Global Market.

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Market Brief:
APAC is the largest market segment of the Battery Management Systems since this region hosts the major automotive manufacturers with China being the growing market in APAC due to the increasing use of hybrid and electric vehicles. Americas and Europe follow APAC in the list. Since the growth rate of Automotive (major sales from APAC), Telecom and Power Grid is anticipated to be high, the market revenue from the respective End-User Industry is seen to be greater than the others. The leaders in the electric car sales are Japan and China. Battery Management System is the most important component of a hybrid or electric vehicle. Today these vehicles are popular since they reduce gasoline consumptions up to 75%.

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REPORT SCOPE:
Market Segmentation:
The Battery Management Systems Market is divided into 5 types based on the following factors:
1. By Component: Power Module, Battery and Others.
2. By Applications: Energy Harvesting and Nano Power Solutions, Electric
Bicycle Solutions and Others.
3. By End User Industry: Automotive, Telecom, Wind and Others.
4. By Topology: Distributed, Modular and Centralized.
5. By Geography: Americas, Europe, APAC and ROW.

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Key Players:
• Larsen & Toubro Limited
• Linear Technology Corporation
• Valence Technology, Inc.
• Ashwoods Energy Limited
• Elithion, Inc.
• Electric Vehicle Innovative Systems

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