The battery management system market was valued at USD 1.98 Billion in 2015 and is expected to reach USD 7.25 Billion by 2022, at a CAGR of 20.5% during the forecast period. The base year used for this study is 2015 and the forecast period is between 2016 and 2022.

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This report provides a detailed analysis of the battery management system market on the basis of battery types, components, topologies, applications, and geography. The growing application of battery management systems in electric vehicles and in renewable energy systems are a major driver for the market. Additionally, one of significant opportunities in the future for the battery management system is its growing applications in battery-driven public transport and datacenters.

The research methodology used to estimate and forecast the battery management system market begins with capturing data on key vendor revenue through secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the global battery management system market from the revenues of key players in the market.

After arriving at the overall market size, the total market has been split into several segments and subsegments which have been verified through the primary research by conducting extensive interviews of people holding key positions such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

The battery management system ecosystem comprises raw material vendors such as Intersil Corporation (U.S.), Linear Technology Corp (U.S.), NXP Semiconductors N.V. (Netherlands), and Texas Instruments Inc. (U.S.) among the others and battery management system manufacturers such as Johnson Matthey Plc. (U.K.), Lithium Balance A/S (Denmark), Nuvation Engineering (U.S.), Valence Technology, Inc. (U.S.), and Ventec SAS (France) among others who sell these systems to end users to cater to their unique requirements. The end users are from a wide range of industries such as automotive, portable devices, and renewable energy systems among others.

The study answers several questions for the target audiences, primarily, which market segments to focus on in the next two to five years for prioritizing efforts and investments.

Report Scope:

In this report, the battery management system market has been segmented on the basis of the following categories, along with the industry trends:

By Battery Type:

Lithium-Ion Based-Batteries
Advanced Lead-Acid Batteries
Nickel-Based Batteries
Flow Batteries
Others

By Component:

Hardware
Battery Control Unit
Power Management IC
Communication Channel
CAN Bus
Software

By Topology

Centralized
Modular
Distributed

By Application:

Introduction
Automotive
Electric Vehicles
E-Bikes
Automated Guided Vehicles
Military
Medical
Portable Device
Consumer Electronics (Smartphones/Laptops)
Power Tools
Portable Battery Pack
Telecommunication
Renewable Energy Systems
UPS (Uninterrupted Power Supply)
Others
Marine
Home Appliances

By Region:

North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of APAC
Rest of the World
South America
Middle East
Africa

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