Global EV Battery Management Market Key Growth Factor Analysis, and Research Study 2029
Posted by Karthik Pilla on October 13th, 2022
Bharat Book Bureau Provides the Trending Market Research Report on “EV Battery Management Market by Vehicle Type (Electric Cars, LCV, HCV, E-scooters & Motorcycles, and E-bikes), Configuration, Design, Topology, Voltage, Cell Balancing Method, and Geography - Global Forecast to 2029” under the Consumer Goods Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence, and Market reports.
EV Battery Management Systems Market by Vehicle Type (Electric Cars, LCV, HCV, E-scooters & Motorcycles, and E-bikes), Configuration, Design, Topology, Voltage, Cell Balancing Method, and Geography – Global Forecast to 2029
The research report titled, ‘EV Battery Management Systems Market by Vehicle Type (Electric Cars, LCV, HCV, E-scooters & Motorcycles, and E-bikes), Configuration, Design, Topology, Voltage, Cell Balancing Method, and Geography – Global Forecast to 2029’, provides an in-depth analysis of the EV battery management systems market across five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2029. The EV battery management systems market is projected to reach .3 billion by 2029, at a CAGR of 30.5% during the forecast period of 2022–2029.
Based on vehicle type, the light commercial vehicles segment is slated to register the highest CAGR during the forecast period. The growth of this segment is attributed to the increasing awareness regarding the role of electric vehicles in reducing emissions, the high demand for electric vehicles to reduce fleet emissions, and stringent government rules and regulations regarding vehicle emissions.
Based on configuration, the 144 cells to 180 cells segment is slated to register the highest CAGR during the forecast period. The growth of this segment is attributed to the increasing adoption of electric light commercial vehicles by retail MNCs and transport fleet operators, the higher energy capacity requirements of EV batteries to facilitate long-range driving, and the increasing adoption of electric buses by municipalities to reduce tailpipe emissions and carbon footprint of the transport sector.
Based on design, in 2022, the battery management systems segment is expected to account for the larger share of the EV battery management systems market. The large market share of this segment is attributed to the benefits offered by battery management systems, such as monitoring the voltage and current in a battery pack, cell balancing capabilities, and protection against overcharge and deep discharge.
Based on geography, the EV battery management systems market is segmented into five major geographies: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, Asia-Pacific is expected to account for the largest share of the EV battery management systems market. The major market share of this region is attributed to the growing number of start-ups offering numerous battery solutions, the leadership of China in global EV battery manufacturing capacities, and the increasing investments in battery management systems by major market players.
The key players operating in the EV battery management systems market are Leclanché SA (Switzerland), Sensata Technologies Holding PLC (U.S.), Nuvation Energy (U.S.), Renesas Electronics Corporation (Japan), Eberspaecher Vecture Inc. (Canada), ST Microelectronics N.V. (Switzerland), Panasonic Corporation (Japan), LION Smart GmbH (Germany), Ewert Energy Systems, Inc. (U.S.), Navitas Systems LLC. (U.S.), NXP Semiconductors N.V. (Netherlands), Analog Devices, Inc. (U.S.), Merlin Equipment Ltd. (UK), BMS PowerSafe (France), and Maxim Integrated (U.S.).
Key questions answered in the report-
Scope of the Report:
Browse our full report with Table of Content:
About Bharat Book Bureau:
Like it? Share it!
About the AuthorKarthik Pilla
Joined: March 29th, 2019
Articles Posted: 801
More by this author