バッテリーマネジメントシステム(BMS)市場 : 2029年までの世界予測

Battery Management System Market - Global Forecast To 2029

バッテリーマネジメントシステム(BMS)市場 : タイプ (動力電池&定置型電池)、電池タイプ (リチウムイオン電池、鉛蓄電池、ニッケルベース電池、全固体電池、フロー電池)、トポロジ (集中型、分散型、&モジュール式)、用途と地域別 - 2029年までの世界予測
Battery Management System Market by Type (Motive & Stationary Batteries), Battery Type (Lithium- ion, Lead-acid, Nickel-based, Solid-state, Flow batteries), Topology (Centralized, Distributed, & Modular), Application & Region - Global Forecast to 2029
出版MarketsandMarkets
出版年月2024年6月
ページ数299
図表数262
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The global battery management system (BMS) market is anticipated to experience robust growth, projected to surge from USD 9.1 billion in 2024 to a staggering USD 22.0 billion by 2029, boasting an impressive compound annual growth rate (CAGR) of 19.3% during the forecast period.

世界のバッテリーマネジメントシステム(BMS)市場は2024年の91億米ドルから2029年までには220億米ドルという驚異的な規模にまで急増すると予測されており、予測期間中に 19.3% という素晴らしい年間平均成長率 (CAGR) を誇ります。

バッテリーマネジメントシステム(BMS)市場 : 2029年までの世界予測

BMS serves as a pivotal component in efficiently overseeing high-energy batteries, its functionalities adeptly tailored to suit the specific attributes and demands of the batteries it supervises.
This thriving market is categorized by battery type, encompassing lithium-ion, lead-acid, nickel-based batteries, and other variants. End users typically opt for the battery type best suited to their unique needs and application requirements. Notably, lithium-ion batteries enjoy widespread adoption across diverse sectors like automotive and renewable energy systems, owing to their favorable characteristics and reliable performance.

バッテリーマネジメントシステム(BMS)市場 : 2029年までの世界予測 ecosystem

“Renewable energy segment to hold a significant share of battery management system market in 2029”
By 2029, the renewable energy sector is expected to wield substantial influence over the battery management system (BMS) market due to several key drivers. Firstly, governments worldwide are intensifying efforts to slash carbon emissions, leading to a surge in solar and wind power adoption. This necessitates robust energy storage solutions, where BMS plays an essential role in optimization and extension of battery lifespan. As the energy landscape shifts towards decentralization, energy storage systems (ESS) gain traction, with BMS serving as indispensable components in managing battery charging and discharging processes for heightened efficiency. Technological advancements, notably in lithium-ion batteries, further bolster the feasibility of storing renewable energy. Government incentives and policies propel renewable energy adoption, alongside declining costs, which enhance competitiveness against traditional power generation. Collectively, these factors indicate the renewable energy sector’s substantial presence in propelling the BMS market by 2029.

“Lithium-ion battery type to hold highest CAGR in the forecast period”
During the forecast period, lithium-ion (Li-ion) batteries are expected to experience the highest CAGR within the battery management system (BMS) market. This surge is underpinned by several key factors. Li-ion batteries have gained significant traction due to their superior energy density, extended lifespan, and reduced maintenance requirements compared to traditional battery technologies. As businesses increasingly prioritize energy efficiency and sustainability, Li-ion batteries emerge as the preferred choice for various applications, spanning from consumer electronics to electric vehicles and renewable energy storage solutions. Continuous advancements in Li-ion battery technology, including enhancements in energy density, safety features, and cost-effectiveness, drive their widespread adoption across industries. Additionally, supportive governmental policies and initiatives aimed at promoting clean energy and electric transportation further fuel the demand for Li-ion batteries, thereby propelling the growth of the BMS market. The confluence of technological progress, favorable attributes, and regulatory support positions Li-ion batteries for continued dominance and expansion within the BMS market landscape.

“Asia Pacific is expected to grow at the highest CAGR during the forecast period”
Asia Pacific region expected to grow the highest CAGR within the battery management system (BMS) market, owing to the region’s rapid industrialization and urbanization have spurred heightened demand for electric vehicles (EVs), renewable energy solutions, and consumer electronics, necessitating efficient energy storage solutions. Consequently, there is a burgeoning requirement for BMS to effectively manage and optimize battery performance. Government initiatives promoting clean energy and electric mobility further amplify the adoption of BMS across the region. The presence of key players and the emergence of cutting-edge technologies, particularly in China, Japan, and South Korea, contribute significantly to market expansion. The flourishing manufacturing sector in countries like China enables the production of BMS components at competitive costs, driving further market growth. The Asia-Pacific region is well-positioned for substantial growth in the BMS market, buoyed by favorable market conditions, supportive governmental policies, technological advancements, and robust industrial development.

バッテリーマネジメントシステム(BMS)市場 : 2029年までの世界予測 region

Breakdown of the profiles of primary participants:
• By Company Type: Tier 1 – 45%, Tier 2 – 35%, and Tier 3 – 20%
• By Designation: C-level Executives – 40%, Directors – 45%, and Others – 15%
• By Region: North America – 29%, Europe – 27%, Asia Pacific – 36%, and RoW – 8%
Major players profiled in this report are: Sensata Technologies, Inc. (Japan), Eberspächer (Germany), Ficosa Internacional SA (Spain), AVL (Austria), and LG Energy Solution. (South Korea).

Research Coverage
This report covers the battery management system market in detail, with segmentation based on type, battery type, topology, application, and region. The type segment includes motive battery and stationary battery type. The battery types include lithium-ion, lead-acid, nickel-based batteries, and others. The topology segment includes centralized, modular, and distributed topologies. Further, automotive, industrial, renewable energy, telecommunications, military & defense, and other applications of battery management systems have been covered in this report. The market has also been segmented into four regions—North America, Asia Pacific, Europe, and RoW.

Reasons to buy the report:
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the BMS market’s pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:
• Analysis of key drivers (Growing electric vehicle (EV) sales, High demand for battery monitoring solutions in renewable energy industry, Rising need for effective power grid management, Increasing Demand for Portable Electronics), restraints (High Cost associated with integrating BMS into battery pack), opportunities (Electrification of public transportation, Rising demand for BMS in data centers, Supportive government initiatives for booting adoption of EVs, Advantages of wireless BMS over conventional BMS, Increased research and development (R&D) on battery technology) and challenges (Complex designing process, Impact of external factors on performance of BMS, Cybersecurity threats, Lack of standardization in BMS manufacturing).
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the BMS market
• Market Development: Comprehensive information about lucrative markets – the report analyses the BMS market across varied regions
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the BMS market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like Sensata Technologies, Inc. (Japan), Eberspächer (Germany), Panasonic Holdings Corporation (Japan), and LG Energy Solution. (South Korea), AVL (Austria), FICOSA Internartional SA (Spain), Leclanché SA (Switzerland), Elithion (US), BMS PowerSafe (France), PowerTech Systems (France) among others

Table of Contents

1            INTRODUCTION            35

1.1         STUDY OBJECTIVES      35

1.2         MARKET DEFINITION   35

1.3         STUDY SCOPE  36

1.3.1      MARKETS COVERED     36

FIGURE 1           BATTERY MANAGEMENT SYSTEM MARKET SEGMENTATION              36

1.3.2      INCLUSIONS AND EXCLUSIONS 36

1.3.3      REGIONAL SCOPE         37

1.3.4      YEARS CONSIDERED     37

1.3.5      CURRENCY CONSIDERED          38

1.3.6      UNITS CONSIDERED     38

1.4         LIMITATIONS   38

1.5         STAKEHOLDERS            38

1.6         SUMMARY OF CHANGES            39

1.7         IMPACT OF RECESSION 40

2            RESEARCH METHODOLOGY     41

2.1         RESEARCH DATA           41

FIGURE 2           BATTERY MANAGEMENT SYSTEM: PROCESS FLOW OF MARKET SIZE ESTIMATION       41

FIGURE 3           RESEARCH DESIGN       42

2.2         SECONDARY AND PRIMARY RESEARCH 42

FIGURE 4           SECONDARY AND PRIMARY RESEARCH 43

2.2.1      SECONDARY DATA       43

2.2.1.1   Key secondary sources       43

2.2.1.2   Key data from secondary sources     44

2.2.2      PRIMARY DATA 45

2.2.2.1   Participants for primary interviews  45

2.2.2.2   Breakdown of primaries     45

2.2.2.3   Key data from primary sources         46

2.2.2.4   Key industry insights          46

2.3         MARKET SIZE ESTIMATION       47

2.3.1      BOTTOM-UP APPROACH           47

2.3.1.1   Approach to derive market size using bottom-up analysis           47

FIGURE 5           BOTTOM-UP APPROACH           48

2.3.2      TOP-DOWN APPROACH             48

2.3.2.1   Approach to derive market size using top-down analysis            48

FIGURE 6           TOP-DOWN APPROACH             49

FIGURE 7           MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS          49

2.4         DATA TRIANGULATION             50

FIGURE 8           DATA TRIANGULATION             50

2.5         RESEARCH ASSUMPTIONS         51

FIGURE 9           ASSUMPTIONS 51

2.6         RESEARCH LIMITATIONS           51

2.7         PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON BATTERY MANAGEMENT SYSTEM MARKET       52

2.8         RISK ASSESSMENT         52

3            EXECUTIVE SUMMARY 53

FIGURE 10         MOTIVE BATTERIES SEGMENT TO EXHIBIT HIGHER CAGR DURING FORECAST PERIOD     53

FIGURE 11         LITHIUM-ION SEGMENT TO HOLD LARGEST MARKET SHARE IN 2024 54

FIGURE 12         AUTOMOTIVE SEGMENT TO REGISTER HIGHEST CAGR BETWEEN 2024 AND 2029           54

FIGURE 13         ASIA PACIFIC HELD LARGEST SHARE OF BATTERY MANAGEMENT SYSTEM MARKET IN 2023           55

4            PREMIUM INSIGHTS      56

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BATTERY MANAGEMENT SYSTEM MARKET          56

FIGURE 14         HIGH DEMAND FOR BATTERIES IN RENEWABLE ENERGY INDUSTRY TO CREATE LUCRATIVE OPPORTUNITIES FOR MARKET PLAYERS              56

4.2         BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE    57

FIGURE 15         MOTIVE BATTERIES SEGMENT TO ACCOUNT FOR LARGER SHARE OF BATTERY MANAGEMENT SYSTEM MARKET IN 2029  57

4.3         BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE 57

FIGURE 16         LITHIUM-ION SEGMENT TO ACCOUNT FOR LARGEST SHARE OF BATTERY MANAGEMENT SYSTEM MARKET IN 2029 57

4.4         BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY      58

FIGURE 17         MODULAR SEGMENT TO ACCOUNT FOR LARGEST SHARE OF BATTERY MANAGEMENT SYSTEM MARKET IN 2029       58

4.5         BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION  58

FIGURE 18         AUTOMOTIVE SEGMENT TO ACCOUNT FOR LARGEST SHARE OF BATTERY MANAGEMENT SYSTEM MARKET IN 2029 58

4.6         BATTERY MANAGEMENT SYSTEM MARKET IN ASIA PACIFIC, BY COUNTRY AND APPLICATION  59

FIGURE 19         CHINA AND AUTOMOTIVE SEGMENT TO HOLD LARGEST SHARES OF ASIA PACIFIC BATTERY MANAGEMENT SYSTEM MARKET IN 2029              59

4.7         BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY         59

FIGURE 20         CHINA TO EXHIBIT HIGHEST CAGR IN BATTERY MANAGEMENT SYSTEM MARKET BETWEEN 2024 AND 2029       59

5            MARKET OVERVIEW     60

5.1         INTRODUCTION            60

5.2         MARKET DYNAMICS     60

FIGURE 21         DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES              60

5.2.1      DRIVERS            61

5.2.1.1   Growing electric vehicle (EV) sales  61

FIGURE 22         ELECTRIC VEHICLE (EV) SALES, BY COUNTRY/REGION, 2012–2023      61

5.2.1.2   High demand for battery monitoring solutions in renewable energy industry              62

5.2.1.3   Rising need for effective power grid management        62

5.2.1.4   Increasing demand for portable electronics    62

FIGURE 23         IMPACT ANALYSIS OF DRIVERS 63

5.2.2      RESTRAINTS     63

5.2.2.1   High cost associated with integrating BMS into battery pack      63

FIGURE 24         IMPACT ANALYSIS OF RESTRAINTS       64

5.2.3      OPPORTUNITIES           64

5.2.3.1   Electrification of public transportation           64

5.2.3.2   Rising demand for BMS in data centers          64

5.2.3.3   Government-led initiatives for booting adoption of EVs             65

5.2.3.4   Advantages of wireless BMS over conventional BMS    65

5.2.3.5   Increased research and development (R&D) on battery technology         66

FIGURE 25         IMPACT ANALYSIS OF OPPORTUNITIES             66

5.2.4      CHALLENGES   67

5.2.4.1   Complex designing process 67

5.2.4.2   Impact of external factors on performance of BMS       67

5.2.4.3   Cybersecurity threats         67

5.2.4.4   Lack of standardization in BMS manufacturing            67

FIGURE 26         IMPACT ANALYSIS OF CHALLENGES     68

5.3         VALUE CHAIN ANALYSIS            69

FIGURE 27         VALUE CHAIN ANALYSIS            69

5.3.1      RECENT DEVELOPMENTS AND TRENDS SHAPING BATTERY MANAGEMENT SYSTEM VALUE CHAIN 71

5.3.1.1   Decreasing pricing trend of Lithium-ion batteries        71

5.3.1.2   Increase in raw material prices and adoption of alternative battery chemistries              71

5.3.1.3   Development of BMS by EV OEMs 72

5.3.1.4   Cell management system and impact              72

5.3.1.5   Battery passport and impact on battery value chain      73

5.4         KEY FUNCTIONS OF BMS           74

5.4.1      MAPPING OF KEY BMS SEMICONDUCTOR PROVIDERS, BY FUNCTION              74

TABLE 1             MAPPING OF KEY BMS SEMICONDUCTOR PROVIDERS, BY FUNCTION        74

5.4.1.1   Battery management          74

5.4.1.2   Cell balancing      75

5.4.1.3   Thermal management        75

5.4.1.4   State of Charge (SoC)       75

5.4.1.5   State of Health (SoH)        76

5.5         ECOSYSTEM ANALYSIS 76

FIGURE 28         BATTERY MANAGEMENT SYSTEM ECOSYSTEM ANALYSIS              76

TABLE 2             ROLES OF COMPANIES IN BATTERY MANAGEMENT SYSTEM ECOSYSTEM     77

5.6         PRICING ANALYSIS        78

5.6.1      INDICATIVE PRICING TREND OF KEY PLAYERS, BY APPLICATION              79

FIGURE 29         INDICATIVE PRICING TREND OF BMS OFFERED BY KEY PLAYERS, BY APPLICATION (USD)         79

TABLE 3             INDICATIVE PRICING TREND OF BMS OFFERED BY KEY PLAYERS, BY AUTOMOTIVE APPLICATION (USD)           79

5.6.2      AVERAGE SELLING PRICE (ASP) TREND 79

FIGURE 30         AVERAGE SELLING PRICE (ASP) TREND OF BMS, 2020−2023 (USD)   80

5.6.3      AVERAGE SELLING PRICE (ASP) TREND, BY REGION      80

TABLE 4             AVERAGE SELLING PRICE (ASP) OF BMS, BY REGION (USD)              80

FIGURE 31         AVERAGE SELLING PRICE (ASP) TREND OF BMS, BY REGION, 2020−2023 (USD)           80

5.7         INVESTMENT/FUNDING SCENARIO      81

FIGURE 32         INVESTMENT/FUNDING SCENARIO, 2018–2023 (USD BILLION)              81

5.8         TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 81

FIGURE 33         TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES              82

5.9         TECHNOLOGY ANALYSIS           82

5.9.1      KEY TECHNOLOGIES    82

5.9.1.1   Solid-state batteries (SSBs)             82

5.9.1.2   Artificial Intelligence (AI)  82

5.9.1.3   Digital twin          83

5.9.2      COMPLEMENTARY TECHNOLOGIES     83

5.9.2.1   Thermal management systems         83

5.9.2.2   Power electronics 83

5.9.3      ADJACENT TECHNOLOGIES      84

5.9.3.1   Vehicle-to-grid (V2G) technology   84

5.9.3.2   Cloud computing 84

5.10       PORTER’S FIVE FORCES ANALYSIS         84

TABLE 5             BATTERY MANAGEMENT SYSTEM MARKET: PORTER’S FIVE FORCES ANALYSIS         85

FIGURE 34         PORTER’S FIVE FORCES ANALYSIS         85

5.10.1    THREAT OF NEW ENTRANTS    86

5.10.2    THREAT OF SUBSTITUTES         86

5.10.3    BARGAINING POWER OF SUPPLIERS     86

5.10.4    BARGAINING POWER OF BUYERS           86

5.10.5    INTENSITY OF COMPETITIVE RIVALRY 86

5.11       KEY STAKEHOLDERS AND BUYING CRITERIA    86

5.11.1    KEY STAKEHOLDERS IN BUYING PROCESS         87

FIGURE 35         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION  87

TABLE 6             INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION (%)         87

5.11.2    BUYING CRITERIA         88

FIGURE 36         KEY BUYING CRITERIA, BY APPLICATION          88

TABLE 7             KEY BUYING CRITERIA, BY APPLICATION          88

5.12       CASE STUDY ANALYSIS 89

5.12.1    TATA ELXSI COLLABORATED WITH RENESAS ELECTRONICS TO ESTABLISH NEXT-GENERATION EV INNOVATION CENTER (NEVIC)       89

5.12.2    TESLA DEVELOPED DISTRIBUTED BMS DESIGN BY INCORPORATING REGIONAL SLAVE MODULES AND CENTRALIZED CONTROLLER            90

5.12.3    TESLA POWERWALL EXEMPLIFIED EFFECTIVE RESIDENTIAL ENERGY STORAGE WITH ADVANCED BMS           91

5.12.4    NISSAN UNDERTOOK STRATEGIC INITIATIVES TO MITIGATE BATTERY DETERIORATION CONCERNS             92

5.13       TRADE ANALYSIS          92

5.13.1    IMPORT SCENARIO (HS CODE 850650)  92

FIGURE 37         IMPORT DATA FOR HS CODE 850650-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD MILLION)            93

5.13.2    EXPORT SCENARIO (HS CODE 850650)  93

FIGURE 38         EXPORT DATA FOR HS CODE 850650-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD MILLION)            93

5.14       PATENT ANALYSIS        94

FIGURE 39         COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS RELATED TO BMSS        94

TABLE 8             BATTERY MANAGEMENT SYSTEM MARKET: TOP 20 PATENT OWNERS, 2014–2023       94

FIGURE 40         NUMBER OF PATENTS GRANTED PER YEAR, 2014–2023 95

TABLE 9             BATTERY MANAGEMENT SYSTEM MARKET: LIST OF PATENTS, 2021–2024          95

5.15       KEY CONFERENCES AND EVENTS, 2024–2025     104

TABLE 10           BATTERY MANAGEMENT SYSTEM MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2024–2025             104

5.16       STANDARDS AND REGULATORY LANDSCAPE   106

5.16.1    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          106

TABLE 11           NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         106

TABLE 12           EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 107

TABLE 13           ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         107

TABLE 14           ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         108

5.16.2    STANDARDS     108

TABLE 15           STANDARDS RELATED TO BMS 108

5.16.3    REGULATIONS 109

5.16.3.1 North America     109

5.16.3.1.1            US         109

5.16.3.1.2            Canada  109

5.16.3.2 Europe  109

5.16.3.2.1            European Union  109

5.16.3.2.2            Germany             110

5.16.3.2.3            UK         110

5.16.3.3 Asia Pacific          110

5.16.3.3.1            China     110

5.16.3.3.2            India      110

5.16.3.3.3            Japan     111

5.16.3.4 RoW      111

5.16.3.4.1            Brazil     111

5.16.3.4.2            Kenya    111

6            COMPONENTS OF BATTERY MANAGEMENT SYSTEMS  112

6.1         INTRODUCTION            112

FIGURE 41         BATTERY MANAGEMENT SYSTEM MARKET, BY COMPONENT              112

6.2         HARDWARE      112

6.2.1      BATTERY CONTROL UNITS       112

6.2.2      POWER MANAGEMENT COMPONENTS 113

6.2.3      COOLING SYSTEM COMPONENTS (FANS AND PUMPS) 113

6.2.4      COMMUNICATION COMPONENTS        114

6.3         SOFTWARE       115

7            DIFFERENT BATTERY MANAGEMENT SYSTEM TYPES   116

7.1         INTRODUCTION            116

FIGURE 42         BATTERY MANAGEMENT SYSTEM MARKET, BY SYSTEM TYPE              116

7.2         STANDALONE BMS        116

7.3         INTEGRATED BMS         117

8            BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE    118

8.1         INTRODUCTION            119

FIGURE 43         BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE    119

FIGURE 44         MOTIVE BATTERIES SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029  120

TABLE 16           BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2020–2023 (USD MILLION)     120

TABLE 17           BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2024–2029 (USD MILLION)     120

8.2         MOTIVE BATTERIES      121

8.2.1      INCREASING DEMAND IN AUTOMOTIVE SECTOR TO DRIVE MARKET              121

TABLE 18           MOTIVE BATTERIES: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2020–2023 (USD MILLION)            122

TABLE 19           MOTIVE BATTERIES: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2029 (USD MILLION)            122

8.3         STATIONARY BATTERIES           122

8.3.1      HIGH USE IN ENERGY STORAGE APPLICATIONS TO FUEL MARKET GROWTH          122

TABLE 20           STATIONARY BATTERIES: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2020–2023 (USD MILLION)            123

TABLE 21           STATIONARY BATTERIES: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2029 (USD MILLION)            124

9            BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE 125

9.1         INTRODUCTION            126

FIGURE 45         BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE              126

FIGURE 46         LITHIUM-ION SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029 127

TABLE 22          BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION)          127

TABLE 23          BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION)          127

9.2         LITHIUM-ION   128

9.2.1      INCREASING GLOBAL EV DEMAND TO DRIVE MARKET 128

TABLE 24           COMPARISON BETWEEN LITHIUM-ION AND LEAD-ACID BATTERIES       129

TABLE 25           LITHIUM-ION: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2020–2023 (USD MILLION)       129

TABLE 26           LITHIUM-ION: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2029 (USD MILLION)       130

9.3         LEAD-ACID       130

9.3.1      HIGH DEMAND IN RENEWABLE ENERGY INDUSTRY TO DRIVE MARKET            130

TABLE 27           LEAD-ACID: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2020–2023 (USD MILLION)       131

TABLE 28           LEAD-ACID: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2029 (USD MILLION)       131

9.4         NICKEL-BASED 132

9.4.1      EXTENSIVE USE IN AUTOMOTIVE SECTOR TO FUEL MARKET GROWTH              132

TABLE 29           NICKEL-BASED: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2020–2023 (USD MILLION)  133

TABLE 30           NICKEL-BASED: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2029 (USD MILLION)  133

9.5         OTHER BATTERY TYPES            133

9.5.1      SOLID-STATE BATTERIES          133

9.5.2      FLOW BATTERIES          134

TABLE 31           OTHER BATTERY TYPES: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2020–2023 (USD MILLION)            135

TABLE 32           OTHER BATTERY TYPES: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2029 (USD MILLION)            135

10          BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY      136

10.1       INTRODUCTION            137

FIGURE 47         BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY              137

FIGURE 48         MODULAR SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029      138

TABLE 33           BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2020–2023 (USD MILLION)          138

TABLE 34           BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2024–2029 (USD MILLION)          138

10.2       MODULAR        139

10.2.1    HIGH COMPUTATIONAL POWER AND ENHANCED SAFETY TO DRIVE DEMAND           139

TABLE 35           MODULAR TOPOLOGY: ADVANTAGES AND DISADVANTAGES              139

FIGURE 49         TYPICAL STRUCTURE OF MODULAR BMS          140

TABLE 36           MODULAR: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2020–2023 (USD MILLION)           140

TABLE 37           MODULAR: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2024–2029 (USD MILLION)           141

TABLE 38           MODULAR: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2020–2023 (USD MILLION)       141

TABLE 39           MODULAR: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2029 (USD MILLION)       141

10.3       CENTRALIZED 142

10.3.1    RISING USE IN MEDIUM POWER APPLICATIONS TO FUEL MARKET GROWTH          142

TABLE 40           CENTRALIZED TOPOLOGY: ADVANTAGES AND DISADVANTAGES          142

FIGURE 50         TYPICAL STRUCTURE OF CENTRALIZED BMS   143

TABLE 41           CENTRALIZED: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2020–2023 (USD MILLION)           143

TABLE 42           CENTRALIZED: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2024–2029 (USD MILLION)           143

TABLE 43           CENTRALIZED: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2020–2023 (USD MILLION)       144

TABLE 44           CENTRALIZED: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2029 (USD MILLION)       144

10.4       DISTRIBUTED  144

10.4.1    SIMPLE DESIGN AND HIGH RELIABILITY TO DRIVE DEMAND   144

TABLE 45           DISTRIBUTED TOPOLOGY: ADVANTAGES AND DISADVANTAGES          145

FIGURE 51         TYPICAL STRUCTURE OF DISTRIBUTED BMS    145

TABLE 46           DISTRIBUTED: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2020–2023 (USD MILLION)           145

TABLE 47           DISTRIBUTED: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2024–2029 (USD MILLION)           146

TABLE 48           DISTRIBUTED: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2020–2023 (USD MILLION)       146

TABLE 49           DISTRIBUTED: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2029 (USD MILLION)       146

11          BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION  147

11.1       INTRODUCTION            148

FIGURE 52         BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION              148

FIGURE 53         AUTOMOTIVE SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029 148

TABLE 50           BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          149

TABLE 51           BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          149

11.2       AUTOMOTIVE  149

11.2.1    GROWING PREFERENCE FOR EVS TO DRIVE MARKET   149

11.2.1.1 Passenger vehicles             150

11.2.1.1.1            Battery electric vehicles (BEVs)       150

11.2.1.1.2            Plug-in hybrid electric vehicles (PHEVs)       151

11.2.1.2 Commercial vehicles (CEVs)           151

11.2.1.3 Other vehicles     152

TABLE 52           AUTOMOTIVE: BATTERY MANAGEMENT SYSTEM MARKET, 2020–2023 (MILLON UNITS)        153

TABLE 53           AUTOMOTIVE: BATTERY MANAGEMENT SYSTEM MARKET, 2024–2029 (MILLION UNITS)      153

TABLE 54           AUTOMOTIVE: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2020–2023 (USD MILLION) 153

TABLE 55           AUTOMOTIVE: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2024–2029 (USD MILLION) 153

TABLE 56           AUTOMOTIVE: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2020–2023 (USD MILLION)       154

TABLE 57           AUTOMOTIVE: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2029 (USD MILLION)       154

11.3       INDUSTRIAL     154

11.3.1    INCREASED DEMAND FOR ELECTRIC-POWERED EQUIPMENT TO FUEL MARKET GROWTH        154

TABLE 58           INDUSTRIAL: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2020–2023 (USD MILLION) 155

TABLE 59           INDUSTRIAL: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2024–2029 (USD MILLION) 156

TABLE 60           INDUSTRIAL: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2020–2023 (USD MILLION)       156

TABLE 61           INDUSTRIAL: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2029 (USD MILLION)       156

11.4       RENEWABLE ENERGY   157

11.4.1    HIGH ADOPTION OF RENEWABLE ENERGY SOURCES TO DRIVE MARKET            157

TABLE 62           RENEWABLE ENERGY: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2020–2023 (USD MILLION)      157

TABLE 63           RENEWABLE ENERGY: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2024–2029 (USD MILLION)      158

TABLE 64           RENEWABLE ENERGY: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2020–2023 (USD MILLION)            158

TABLE 65           RENEWABLE ENERGY: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2029 (USD MILLION)            158

11.5       TELECOMMUNICATIONS          159

11.5.1    INCREASED INVESTMENTS IN TELECOMMUNICATION INFRASTRUCTURE DEVELOPMENT TO FUEL DEMAND 159

TABLE 66           TELECOMMUNICATIONS: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2020–2023 (USD MILLION)      160

TABLE 67           TELECOMMUNICATIONS: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2024–2029 (USD MILLION)      160

TABLE 68           TELECOMMUNICATIONS: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2020–2023 (USD MILLION)            160

TABLE 69           TELECOMMUNICATIONS: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2029 (USD MILLION)            161

11.6       OTHER APPLICATIONS 161

TABLE 70           OTHER APPLICATIONS: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2020–2023 (USD MILLION)      162

TABLE 71           OTHER APPLICATIONS: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2024–2029 (USD MILLION)      163

TABLE 72           OTHER APPLICATIONS: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2020–2023 (USD MILLION)            163

TABLE 73           OTHER APPLICATIONS: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2029 (USD MILLION)            163

12          BATTERY MANAGEMENT SYSTEM MARKET, BY REGION             164

12.1       INTRODUCTION            165

FIGURE 54         BATTERY MANAGEMENT SYSTEM MARKET, BY REGION              165

FIGURE 55         GERMANY AND CHINA TO BE MAJOR MARKETS FOR BATTERY MANAGEMENT SYSTEMS BY 2029           166

TABLE 74           BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2020–2023 (USD MILLION)     166

TABLE 75           BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2029 (USD MILLION)     166

12.2       NORTH AMERICA          167

12.2.1    IMPACT OF RECESSION ON BATTERY MANAGEMENT SYSTEM MARKET IN NORTH AMERICA     167

FIGURE 56         NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET SNAPSHOT        168

TABLE 76           NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2020–2023 (USD MILLION)            168

TABLE 77           NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2024–2029 (USD MILLION)            169

TABLE 78           NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2020–2023 (USD MILLION)       169

TABLE 79           NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2024–2029 (USD MILLION)       169

TABLE 80           NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION)   169

TABLE 81           NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION)   170

TABLE 82           NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2020–2023 (USD MILLION)         170

TABLE 83           NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2024–2029 (USD MILLION)         170

TABLE 84           NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2020–2023 (USD MILLION)     171

TABLE 85           NORTH AMERICA: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2024–2029 (USD MILLION)     171

12.2.2    US         171

12.2.2.1 Increased investments in battery manufacturing to drive market 171

12.2.3    CANADA            172

12.2.3.1 Rising focus on strengthening battery supply chain to fuel market growth 172

12.2.4    MEXICO             173

12.2.4.1 Expanding manufacturing sector to drive market         173

12.3       EUROPE             174

12.3.1    IMPACT OF RECESSION ON BATTERY MANAGEMENT SYSTEM MARKET IN EUROPE        175

FIGURE 57         EUROPE: BATTERY MANAGEMENT SYSTEM MARKET SNAPSHOT        176

TABLE 86           EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2020–2023 (USD MILLION)    176

TABLE 87           EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2024–2029 (USD MILLION)    177

TABLE 88           EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2020–2023 (USD MILLION)          177

TABLE 89           EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2024–2029 (USD MILLION)          177

TABLE 90           EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION)         177

TABLE 91           EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION)         178

TABLE 92           EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2020–2023 (USD MILLION) 178

TABLE 93           EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2024–2029 (USD MILLION) 178

TABLE 94           EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2020–2023 (USD MILLION)           179

TABLE 95           EUROPE: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2024–2029 (USD MILLION)           179

12.3.2    GERMANY         179

12.3.2.1 Presence of prominent automakers to drive demand    179

12.3.3    FRANCE             180

12.3.3.1 Favorable government initiatives and investments in battery research and innovations to drive market              180

12.3.4    UK         181

12.3.4.1 Increasing focus on electrification of transportation services to drive market              181

12.3.5    REST OF EUROPE           181

12.4       ASIA PACIFIC    182

12.4.1    IMPACT OF RECESSION ON BATTERY MANAGEMENT SYSTEM MARKET IN ASIA PACIFIC             183

FIGURE 58         ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET SNAPSHOT        184

TABLE 96           ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2020–2023 (USD MILLION)    185

TABLE 97           ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2024–2029 (USD MILLION)    185

TABLE 98           ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2020–2023 (USD MILLION)             185

TABLE 99           ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2024–2029 (USD MILLION)             186

TABLE 100         ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION)         186

TABLE 101         ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION)         186

TABLE 102         ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2020–2023 (USD MILLION) 187

TABLE 103         ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2024–2029 (USD MILLION) 187

TABLE 104         ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2020–2023 (USD MILLION)           187

TABLE 105         ASIA PACIFIC: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2024–2029 (USD MILLION)           188

12.4.2    CHINA  188

12.4.2.1 High demand for EVs to fuel market growth  188

12.4.3    JAPAN  189

12.4.3.1 Large-scale domestic battery production to drive market            189

12.4.4    INDIA   190

12.4.4.1 Advancements in EV industry to propel market           190

12.4.5    SOUTH KOREA 191

12.4.5.1 Government subsidies for EV and battery manufacturers to drive market 191

12.4.6    REST OF ASIA PACIFIC  192

12.5       ROW     192

12.5.1    IMPACT OF RECESSION ON BATTERY MANAGEMENT SYSTEM MARKET IN ROW 193

FIGURE 59         SOUTH AMERICA TO HOLD MAJOR SHARE OF ROW MARKET IN 2029 193

TABLE 106         ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2020–2023 (USD MILLION)    194

TABLE 107         ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2024–2029 (USD MILLION)    194

TABLE 108         ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2020–2023 (USD MILLION)          194

TABLE 109         ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE, 2024–2029 (USD MILLION)          194

TABLE 110         ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION)             195

TABLE 111         ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION)             195

TABLE 112         ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2020–2023 (USD MILLION) 195

TABLE 113         ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2024–2029 (USD MILLION) 196

TABLE 114         ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2020–2023 (USD MILLION)           196

TABLE 115         ROW: BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2024–2029 (USD MILLION)           196

12.5.2    MIDDLE EAST  197

12.5.2.1 Increased funding for renewable energy sources to drive market 197

TABLE 116         MIDDLE EAST: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2020–2023 (USD MILLION)       198

TABLE 117         MIDDLE EAST: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2029 (USD MILLION)       198

12.5.3    AFRICA 198

12.5.3.1 Large-scale lithium reserves to fuel market growth       198

12.5.4    SOUTH AMERICA           199

12.5.4.1 Emergence as manufacturing hub and foreign investment destination to drive demand 199

13          COMPETITIVE LANDSCAPE       200

13.1       OVERVIEW        200

13.2       KEY STRENGTHS/RIGHT TO WIN, 2020–2024      200

TABLE 118         BATTERY MANAGEMENT SYSTEM MARKET: STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2024  200

13.3       REVENUE ANALYSIS, 2018–2022 202

FIGURE 60         REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2018–2022   203

13.4       MARKET SHARE ANALYSIS, 2023             204

TABLE 119         BATTERY MANAGEMENT SYSTEM MARKET: DEGREE OF COMPETITION, 2023     205

FIGURE 61         BATTERY MANAGEMENT SYSTEM MARKET SHARE ANALYSIS, 2023      205

13.5       COMPANY VALUATION AND FINANCIAL METRICS, 2024             206

FIGURE 62         COMPANY VALUATION, 2024 (USD MILLION)    206

13.6       BRAND/PRODUCT COMPARISON          207

13.7       COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   208

13.7.1    STARS  208

13.7.2    EMERGING LEADERS    208

13.7.3    PERVASIVE PLAYERS     208

13.7.4    PARTICIPANTS 208

FIGURE 65         BATTERY MANAGEMENT SYSTEM MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023      209

13.7.5    COMPANY FOOTPRINT: KEY PLAYERS, 2023      210

13.7.5.1 Company footprint            210

FIGURE 66         COMPANY FOOTPRINT 210

13.7.5.2 Application footprint         211

TABLE 120         BATTERY MANAGEMENT SYSTEM MARKET: APPLICATION FOOTPRINT      211

13.7.5.3 Battery type footprint        212

TABLE 121         BATTERY MANAGEMENT SYSTEM MARKET: BATTERY TYPE FOOTPRINT      212

13.7.5.4 Type footprint     213

TABLE 122         BATTERY MANAGEMENT SYSTEM MARKET: TYPE FOOTPRINT              213

13.7.5.5 Region footprint  214

TABLE 123         BATTERY MANAGEMENT SYSTEM MARKET: REGION FOOTPRINT      214

13.8       COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023         215

13.8.1    PROGRESSIVE COMPANIES       215

13.8.2    RESPONSIVE COMPANIES          215

13.8.3    DYNAMIC COMPANIES 215

13.8.4    STARTING BLOCKS       215

FIGURE 67         BATTERY MANAGEMENT SYSTEM MARKET: COMPANY EVALUATION MATRIX (START-UPS/SMES), 2023             216

13.8.5    COMPETITIVE BENCHMARKING: START-UPS/SMES, 2023           217

13.8.5.1 Detailed list of key start-ups/SMEs  217

TABLE 124         BATTERY MANAGEMENT SYSTEM MARKET: DETAILED LIST OF KEY START-UPS/SMES          217

13.8.5.2 Competitive benchmarking of key start-ups/SMEs      217

TABLE 125         BATTERY MANAGEMENT SYSTEM MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES      217

13.9       COMPETITIVE SCENARIOS AND TRENDS           218

13.9.1    PRODUCT LAUNCHES  218

TABLE 126         BATTERY MANAGEMENT SYSTEM MARKET: PRODUCT LAUNCHES, JANUARY 2020–MAY 2024    218

13.9.2    DEALS  219

TABLE 127         BATTERY MANAGEMENT SYSTEM MARKET: DEALS, JANUARY 2020–MAY 2024 219

13.10     LIST OF ADDITIONAL BMS AND RELATED START-UPS/SMES    221

TABLE 128         BATTERY MANAGEMENT SYSTEM MARKET: LIST OF ADDITIONAL START-UPS/SMES             221

14          COMPANY PROFILES    223

14.1       KEY PLAYERS   223

(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*

14.1.1    EBERSPÄCHER 223

TABLE 129         EBERSPÄCHER: COMPANY OVERVIEW  223

FIGURE 68         EBERSPÄCHER: COMPANY SNAPSHOT  224

TABLE 130         EBERSPÄCHER: PRODUCTS/SOLUTIONS/SERVICES OFFERED              224

TABLE 131         EBERSPÄCHER: PRODUCT LAUNCHES  225

14.1.2    SENSATA TECHNOLOGIES, INC.             227

TABLE 132         SENSATA TECHNOLOGIES, INC.: COMPANY OVERVIEW 227

FIGURE 69         SENSATA TECHNOLOGIES, INC.: COMPANY SNAPSHOT 228

TABLE 133         SENSATA TECHNOLOGIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   229

TABLE 134         SENSATA TECHNOLOGIES, INC.: PRODUCT LAUNCHES 230

TABLE 135         SENSATA TECHNOLOGIES, INC.: DEALS             230

TABLE 136         SENSATA TECHNOLOGIES, INC.: EXPANSIONS  231

14.1.3    LG ENERGY SOLUTION.             233

TABLE 137         LG ENERGY SOLUTION.: COMPANY OVERVIEW 233

FIGURE 70         LG ENERGY SOLUTION.: COMPANY SNAPSHOT 234

TABLE 138         LG ENERGY SOLUTION.: PRODUCTS/SOLUTIONS/SERVICES OFFERED          234

TABLE 139         LG ENERGY SOLUTION.: DEALS             235

TABLE 140         LG ENERGY SOLUTION.: EXPANSIONS  237

14.1.4    AVL      239

TABLE 141         AVL: COMPANY OVERVIEW       239

TABLE 142         AVL: PRODUCTS/SOLUTIONS/SERVICES OFFERED        240

TABLE 143         AVL: EXPANSIONS         240

14.1.5    FICOSA INTERNACIONAL SA     242

TABLE 144         FICOSA INTERNACIONAL SA: COMPANY OVERVIEW      242

TABLE 145         FICOSA INTERNACIONAL SA: PRODUCTS/SOLUTIONS/SERVICES OFFERED   242

14.1.6    PANASONIC HOLDINGS CORPORATION            244

TABLE 146         PANASONIC HOLDINGS CORPORATION: COMPANY OVERVIEW        244

FIGURE 71         PANASONIC HOLDINGS CORPORATION: COMPANY SNAPSHOT        245

TABLE 147         PANASONIC HOLDINGS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED   246

TABLE 148         PANASONIC HOLDINGS CORPORATION: PRODUCT LAUNCHES       248

14.1.7    RENESAS ELECTRONICS CORPORATION            249

TABLE 149         RENESAS ELECTRONICS CORPORATION: COMPANY OVERVIEW        249

FIGURE 72         RENESAS ELECTRONICS CORPORATION: COMPANY SNAPSHOT        250

TABLE 150         RENESAS ELECTRONICS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED   250

TABLE 151         RENESAS ELECTRONICS CORPORATION: PRODUCT LAUNCHES       251

TABLE 152         RENESAS ELECTRONICS CORPORATION: DEALS            252

14.1.8    TEXAS INSTRUMENTS INCORPORATED 253

TABLE 153         TEXAS INSTRUMENTS INCORPORATED: COMPANY OVERVIEW              253

FIGURE 73         TEXAS INSTRUMENTS INCORPORATED: COMPANY SNAPSHOT              254

TABLE 154         TEXAS INSTRUMENTS INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED   254

TABLE 155         TEXAS INSTRUMENTS INCORPORATED: PRODUCT LAUNCHES              255

TABLE 156         TEXAS INSTRUMENTS INCORPORATED: EXPANSIONS  256

14.1.9    ANALOG DEVICES, INC. 257

TABLE 157         ANALOG DEVICES, INC.: COMPANY OVERVIEW 257

FIGURE 74         ANALOG DEVICES, INC.: COMPANY SNAPSHOT 258

TABLE 158         ANALOG DEVICES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED          258

TABLE 159         ANALOG DEVICES, INC.: PRODUCT LAUNCHES 260

TABLE 160         ANALOG DEVICES, INC.: DEALS 261

14.1.10  INFINEON TECHNOLOGIES AG 262

TABLE 161         INFINEON TECHNOLOGIES AG: COMPANY OVERVIEW 262

FIGURE 75         INFINEON TECHNOLOGIES AG: COMPANY SNAPSHOT 263

TABLE 162         INFINEON TECHNOLOGIES AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED   264

TABLE 163         INFINEON TECHNOLOGIES AG: PRODUCT LAUNCHES 264

TABLE 164         INFINEON TECHNOLOGIES AG: DEALS 265

14.1.11  NXP SEMICONDUCTORS            267

TABLE 165         NXP SEMICONDUCTORS: COMPANY OVERVIEW             267

FIGURE 76         NXP SEMICONDUCTORS: COMPANY SNAPSHOT            268

TABLE 166         NXP SEMICONDUCTORS: PRODUCTS/SOLUTIONS/SERVICES OFFERED          268

TABLE 167         NXP SEMICONDUCTORS: PRODUCT LAUNCHES            269

TABLE 168         NXP SEMICONDUCTORS: DEALS            270

14.1.12  STMICROELECTRONICS             272

TABLE 169         STMICROELECTRONICS: COMPANY OVERVIEW             272

FIGURE 77         STMICROELECTRONICS: COMPANY SNAPSHOT             273

TABLE 170         STMICROELECTRONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED          274

TABLE 171         STMICROELECTRONICS: PRODUCT LAUNCHES             275

14.2       OTHER PLAYERS           276

14.2.1    CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED.        276

14.2.2    BYD COMPANY LIMITED.          277

14.2.3    SK INNOVATION CO., LTD.        278

14.2.4    BMS POWERSAFE           279

14.2.5    ELITHION, INC. 280

14.2.6    EWERT ENERGY SYSTEMS, INC. 281

14.2.7    EXPONENTIAL POWER 282

14.2.8    FUTAVIS GMBH              283

14.2.9    HANGZHOU XIENENG TECHNOLOGY CO., LTD.             284

14.2.10  LECLANCHÉ SA 285

14.2.11  NUVATION ENERGY     286

14.2.12  POWERTECH SYSTEMS 287

14.2.13  RICARDO           288

14.2.14  NIDEC MOTOR CORPORATION 289

14.2.15  TRONICO          290

14.2.16  XING MOBILITY             291

*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

15          ADJACENT MARKET      292

15.1       NICKEL CADMIUM BATTERY MARKET  292

15.1.1    INTRODUCTION            292

TABLE 172         NICKEL CADMIUM BATTERY MARKET, BY TYPE, 2018–2021 (USD MILLION) 292

TABLE 173         NICKEL CADMIUM BATTERY MARKET, BY TYPE, 2022–2027 (USD MILLION) 292

15.1.2    C BATTERIES    293

15.1.2.1 Rising demand in industrial applications to drive market            293

TABLE 174         C BATTERIES: NICKEL CADMIUM BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)       293

TABLE 175         C BATTERIES: NICKEL CADMIUM BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)       293

15.1.3    D BATTERIES    293

15.1.3.1 High-capacity range of D-type batteries to drive market            293

TABLE 176         D BATTERIES: NICKEL CADMIUM BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)       294

TABLE 177         D BATTERIES: NICKEL CADMIUM BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)       294

15.1.4    A BATTERIES    294

15.1.4.1 Rising usage of a-type batteries in consumer electronic devices to fuel market growth   294

TABLE 178         A BATTERIES: NICKEL CADMIUM BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)       294

TABLE 179         A BATTERIES: NICKEL CADMIUM BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)       295

15.1.5    AA BATTERIES  295

15.1.5.1 Increasing adoption of AA batteries in industrial applications to drive market              295

TABLE 180         AA BATTERIES: NICKEL CADMIUM BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)       295

TABLE 181         AA BATTERIES: NICKEL CADMIUM BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)       296

15.1.6    AAA BATTERIES             296

15.1.6.1 Rising trend of compact and small-sized electronics to propel market      296

TABLE 182         AAA BATTERIES: NICKEL CADMIUM BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)       296

TABLE 183         AAA BATTERIES: NICKEL CADMIUM BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)       297

15.1.7    9 V BATTERIES 297

15.1.7.1 Growing adoption of 9V batteries in high-drain devices to drive market   297

TABLE 184         9 V BATTERIES: NICKEL CADMIUM BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)       297

TABLE 185         9 V BATTERIES: NICKEL CADMIUM BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)       298

16          APPENDIX         299

16.1       DISCUSSION GUIDE      299

16.2       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             303

16.3       CUSTOMIZATION OPTIONS      305

16.4       RELATED REPORTS       305

16.5       AUTHOR DETAILS         306