Global Electric Vehicle Battery Management System Market is valued at USD 10.99 Billion in 2021 and expected to reach USD 38.5 Billion by 2028 with the a CAGR of 19.62% over the forecast period
Electric vehicle battery management system measures and gives information for the operation of the battery and also prevents the battery from damage in a wide range of operating conditions. There are two important basic functions of battery management; cell protection and energy management where lithium ion battery cells have certain design issues. If battery is overcharge it can cause the damage so it is important to have battery management system to provide the overvoltage protection. It manage the output of the charging battery as well as discharging and provide notifications on the status of the battery pack. Electrical battery management system offers several safety benefits including early warning for system failure, monitoring dangerous conditions and disconnect the battery if any system failure will be occur.
Recently, with the increasing prices of gasoline, electronic vehicles were reintroduced and becoming mainstream in today’s world. Electric vehicle battery management system offers high energy density, long life cycle, and low self-discharge which are expecetd to drive the demand for electric vehicle battery management system over the forecast period. Since from the past few years, lithium-ion battery technology has been widely developed. In addition, rising demand of renewable energy management coupled with many application areas is also expected to boost the growth this market. The accurate quantification of the battery status is necessary is crucial issue in developing the battery management system. The technological innovation in thermal energy management is going to be great opportunity in next few years.
Electric vehicle battery management system market report published by the Brandessence Market Research and Consulting Pvt. Ltd. provides the detail information about Electric Vehicle Battery Management System Market from various aspects. This report consists of drivers, challenges and opportunities which help the market to grow over the analysis period and recent trends which supports the growth of market. This report consists of regional segmentation with product type and applications.
Key players of the Electric Vehicle Battery Management market are like,
Middle East and Africa
|Historical data||2016 - 2021|
|Forecast Period||2022 - 2029|
|Market Size in 2021:||USD 10.99 Billion|
|Base year considered||2021|
|Forecast Period CAGR %:||19.62%|
|Market Size Expected in 2028:||USD 38.5 Billion|
|Tables, Charts & Figures:||175|
|Key Players/Companies||DESAY battery, BYD, China Baoan, Joyson Electronics, Sunwoda, Topband, Leclanché SA, Sensata Technologies Holding PLC, Nuvation Energy, Renesas Electronics Corporation, Eberspaecher Vecture Inc., ST Microelectronics N.V., Panasonic Corporation, LION Smart GmbH, and others.|
|Segments Covered||By Product, By Application|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|