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Redding, California - October 3, 2022

EV Battery Management Market Worth $37.3 Billion by 2029

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 - Forecast to 2029

Meticulous Research^®—a leading global market research company, published a research report titled, ‘EV Battery Management Market by Vehicle Type (Electric Cars, LCV, HCV, E-scooters & Motorcycles, and E-bikes), by Configuration, by Design, by Topology, by Voltage, by Cell Balancing Method, and Geography - Global Forecast to 2029.’

The EV Battery Management market is projected to reach $37.3 billion by 2029, at a CAGR of 30.5% during the forecast period 2022–2029. The growth of this market is attributed to the increasing adoption of electric vehicles, the increasing safety concerns related to EV batteries, the increasing demand for fast charging batteries for e-mobility, and the increasing requirement for higher efficiency and performance of battery packs. Furthermore, the increasing R&D investments for developing high energy density EV batteries and new cell chemistries for EV batteries offer potential growth opportunities for the players operating in this market.

The lack of standardized regulations for developing battery management systems and the high costs of battery management systems are expected to restrain the growth of this market. Furthermore, the complex architecture of battery management systems and the limited data logging capacity of battery management systems are the major challenge for this market.

The global EV Battery Management market is segmented by vehicle type, configuration, design, topology, voltage, cell balancing method, and geography. The study also evaluates industry competitors and analyzes regional and country-level markets.

Based on vehicle type, the global EV Battery Management market is segmented into electric cars, light commercial vehicles, heavy commercial vehicles, electric scooters & motorcycles, and e-bikes. In 2022, the electric cars segment is expected to account for the largest share of the global electric vehicle battery management systems market. The large market share of this segment is attributed to the increasing adoption of electric cars in developing countries, including India, proactive participation by established automotive OEMs in producing electric cars, and the increasing number of new manufacturers in the electric passenger cars segment.

Based on configuration, the global EV Battery Management System market is segmented into up to 36 cells, 48 cells to 84 cells, 96 cells to 132 cells, 144 cells to 180 cells, and more than 180 cells. In 2022, the 96 to 132 cells segment is expected to account for the largest share of the global electric vehicle battery management systems market. The large market share of this segment is attributed to the optimum weight to power capacity of the battery pack, the increasing use of 96 cells to 132 cells in electric passenger cars, and the increasing lightweight battery packs with a high energy density trend.

Based on design, the global EV Battery Management market is segmented into protection circuit model and battery management systems. In 2022, the battery management systems segment is expected to account for the largest share of the global EV Battery Management System market. The large market share of this segment is attributed to the ability of the battery management systems to monitor the voltage and current in a battery pack, its cell balancing capabilities, and the ability to protect against overcharge and deep discharge.

Based on topology, the global EV Battery Management market is segmented into centralized BMS, de-centralized BMS, and modular BMS. In 2022, the modular BMS segment is expected to account for the largest share of the global electric vehicle battery management systems market. It is the most preferred topology by battery manufacturers, offers significant computational power, and is safe as it does not require extensive wire harnesses. These factors are driving the growth of this segment.

Based on voltage, the global EV Battery Management market is segmented into low voltage BMS and high voltage BMS. In 2022, the high voltage BMS segment is expected to account for the largest share of the global electric vehicle battery management systems market. The large market share of this segment is attributed to the high adoption of electric passenger cars and buses worldwide.

Based on cell balancing method, the global EV Battery Management market is segmented into active cell balancing and passive cell balancing. In 2022, the passive cell balancing segment is expected to account for the largest share of the global electric vehicle battery management systems market. The large market share of this segment is attributed to its simple architecture and low cost. Passive cell balancing uses readily available ICs, which effectively monitor multiple cells and save development time and cost.

Based on geography, the global EV Battery Management market is segmented into five major regions: 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 global electric vehicle battery management systems market. The large share of this regional market is attributed to the increasing adoption of electric vehicles in this region, the growing number of start-ups offering numerous battery solutions, the leadership of China in global EV battery manufacturing capacities, a higher concentration of global EV battery OEMs in the region, and the increasing investment by leading battery OMEs for setting up battery manufacturing capacities in emerging economies of the region such as Thailand, Indonesia, and India.

The key players operating in the global EV Battery Management 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.).

Download Sample Copy Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5337

Key Questions Answered in the Report:

Which are the high-growth market segments in terms of vehicle type, configuration, design, topology, voltage, cell balancing, and geography?
What is the historical market size for EV Battery Management across the globe?
What are the market forecasts and estimates for the period 2022–2029?
What are the major drivers, restraints, opportunities, and challenges in the global EV Battery Management market?
Who are the major players in the market, and what are their market shares?
How is the competitive landscape for the global EV Battery Management market?
What are the recent developments in the global EV Battery Management market?
What are the different strategies adopted by the major players in the market?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the global EV Battery Management System market, and how do they compete with other players?

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Redding, California - October 3, 2022

EV Battery Management Market Worth $37.3 Billion by 2029

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 - Forecast to 2029

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