Battery Management Modules Market Scope And Analysis

Report Code : TIPTE100000176
Category : Electronics and Semiconductor

No. of Pages : 150

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Battery Management Module Market Scope and Key Players Analysis by 2031

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Battery Management Module Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 8.13 Billion
Market Size by 2031	US$ 32.57 Billion
Global CAGR (2023 - 2031)	18.9%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Topology Distributed Centralized Hybrid By Component Hardware and Software By End-User Automotive Medical Energy & Power Consumer Electronics IT & Telecom
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	NXP Semiconductors N V Analog Devices Inc Johnson Matthey Texas Incorporated Renesas Electronics Corporation Nuvation Elithion Inc L T Technology Services Lithium Balance Leclanche

Battery Management Module Market News and Recent Developments

The Battery Management Module Marketis evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:

In May 2023, Sensata Technologies launched a c-BMS24X battery management system with advanced software features for industrial applications and low-voltage electric vehicles. The c-BMS24X uses advanced software functionality that enables improvements in vehicle range, uptime, battery health, and performance in applications up to 24 cells in series and 2000 amps like energy storage systems (ESS), scooters, 3-wheelers, forklifts, and AGVs. (Source: Sensata Technologies, Press Release, 2023)
In May 2022, Marelli, a leading global automotive supplier, expanded its range of battery management technologies for electric vehicles with a new state-of-the-art wireless distributed battery management system (wBMS). This technology eliminates the wired physical connections typically needed in other battery management system (BMS) architectures, allowing for greater flexibility, increased efficiency, improved reliability, and reduced costs, all crucial aspects of electric vehicles. (Source: Marelli, Press Release, 2022)
In May 2023, NUVATION ENERGY released a 1500-volt battery management system for stationary energy storage. The G5 BMS has been optimized to meet the needs of an ever-evolving battery energy storage industry. Significant updates include support for 1500 Volt power conversion systems, which can drive down the cost of storage by enabling more energy to be included in each energy storage system. It also includes system integration optimizations, such as a smaller hardware footprint per battery stack and updates to Nuvation’s patented battery management algorithms. (Source: NUVATION ENERGY, Press Release, 2023)

Battery Management Module Market Report Coverage and Deliverables

The “Battery Management Module Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
Market dynamics such as drivers, restraints, and key opportunities
Key future trends
Detailed PEST/Porter’s Five Forces and SWOT analysis
Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
Detailed company profiles