battery management system market to grow at a cagr …

by:CTECHi     2020-04-19
Future Market Insight companies have announced the addition of the \"battery management systems market: Global Industry Analysis, 2015-12-2025\" report to their products.Future Market Insight (FMI) provides key insights into the global battery management system market in its latest report entitled \"Battery Management System Market: Global Industry Analysis and Opportunity Assessment, 2015-2025 \".Marketrevenue, the global battery management system, is expected to grow at a compound annual growth rate of 19.
9% (2015-2025) during the Forecast period ).The battery management system is an electronic system that helps to maintain the optimal health of the rechargeable battery.BMS controls the load environment and monitors the battery status to balance the battery charge.
The battery management system extends battery life, helps to prevent battery damage caused by over-charging and voltage fluctuations, and manages optimal charging status.BMS interface with host application to provide realTime information about battery health.BMS follows three kinds of topology: distributed, centralized and modular.
Distributed BMS has a single communication cable controller and battery;A unit Board is installed for each unit.The centralized BMS has a single controller and is connected to the battery through the communication line.The modular BMS has multiple controllers, each handling a certain number of units.
Rechargeable battery consumption in the electronics industry is growing.Rechargeable batteries are used in products such as electric tools and vacuum pumps, and the growth in demand for these products is driving global market revenue for battery management systems.Recently, the demand for electric tools, gardening tools, portable medical tools, portable battery packs and a variety of other electric equipment and tools has been increasing in emerging economies, especially in Asia.
More and more participants in the market have led to fierce competition, leading to price wars, reducing profit margins and hindering the growth of the global battery management system market.OEMs in industries such as automotive and Telecom have huge bargaining power and determine the pricing of battery management systems.This leads to lower margins for manufacturers.
In cost-In sensitive markets such as India and ASEAN, fierce competition among battery management system suppliers has also led to price wars.Some battery management systems are not compatible with complex battery structures, which is expected to hinder market growth to some extent.The global market for battery management systems is divided into automotive, energy, telecom and drones based on vertical industries.
The demand of electronic commerce for automobile vertical BMSThe application of the vehicle is very high.Paragraph is estimated to account for 14.As of the end of 2015, the revenue share of the global battery management system market was 2%.Estimated by FMI, e-Vehicle sub-It is expected that the compound growth rate of market segments will reach 21.
1% is moving.
It is estimated that the automotive industry will dominate the global market with 39 cars.Revenue share was 5% at the end of 2015, followed by the energy and consumer/handheld sector, with a share of 26.3% and 17.4% respectively.In terms of revenue in 2014, the automotive market dominated the global market and is expected to grow at a CAGR of 20.
8% in 2025 and.
Based on the topology, the global battery management system market is divided into distributed, centralized and modular.The centralized component of the global battery management system is estimated to account for 38.By the end of 2015, the market had a revenue share of 7% per cent.
FMI estimates that the compound growth rate in this concentrated market will reach 19.The period from 2015 to 6% was 2025 per cent.The distribution is estimated to account for 34.
By the end of 2015, accounting for 4% of the entire market, the compound growth rate is expected to be 19.It was 5% during the forecast period.The global market for battery management systems is based on North America, Eastern Europe, the Middle East and Africa (MENA), the Asia-Pacific region (excluding Japan (APEJ), Western Europe, Latin America and Japan.It is estimated that by the end of 2015, the APEJ region was dominant, accounting for about 29.
1% of global market share followed by North America and Western Europe.The market value of APEJ battery management system is expected to be $557.By the end of 2015, it reached $2 million, or $3,807.
1 million to 2025.
It is estimated that by the end of 2015, North America and Western Europe were other major contributors to the global market, accounting for 24.5% and 16.The proportion of overall market revenue was 3%.Japan\'s market is estimated to account for 10.
As of the end of 2015, the global market share was 5% and the compound annual growth rate was 18.3% is moving.TOC @ key participants on the supply chain of the global battery management system market include OEMs/suppliers of BMS, BMU integrators, and electronic equipment manufacturers that manufacture BMS.Companies analyzed in the report include Ventec, Nuvation Engineering, ashwoods Energy Co.
, Ltd.
, TWS, lithium balance, VectureMerlin Equipment Co., Ltd., Toshiba, L & T Technical ServicesAVL, navi systems Co., Ltd. and Zhuang Xin Wanfeng battery system.The analysis shows that battery management systems companies should continue to invest in the APEJ and North American markets to increase market share and expand the consumer base.
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