Disruptive Innovations and Applications Boost Battery Management Systems Market
Significant R&D in the automotive sector spurring advanced BMS solutions, finds Frost & Sullivan's TechVision team
LONDON, Sept. 11, 2017 /PRNewswire/ -- The diverse, multiple-application battery management system (BMS) market is experiencing tremendous technological innovations and growth. A rising demand for electric vehicles, enhancement of data acquisition methods, updates to thermal management techniques, and increasing share of renewable energy in the energy mix are fuelling market growth. User-friendly features, restricting overdesign, wireless, prior prediction, and predictive BMS are disruptive innovations offering significant growth opportunities in a rapidly evolving ecosystem.
Frost & Sullivan's TechVision research, Emerging Innovations in Battery Management Systems, analyses the application sectors that employ BMS, including automotive, healthcare, telecommunications, consumer electronics, and utility grid. It identifies the emerging innovations and technology developments within this sector with a focus on future outlook, adoption trends, strategic insights, and key innovators.
To access more information on this analysis, please visit: https://goo.gl/g9ZyD2
"With the demand for electric and hybrid vehicles escalating in recent years due to emission control issues, BMS innovations in the automotive segment will significantly boost market growth," said Frost & Sullivan TechVision Research Analyst Kowtham Kumar Kannadasan. "Automotive manufacturers are investing heavily in research and development to produce advanced BMS solutions for effectively facilitating electrical aging characteristics due to induced vibrations in rechargeable energy storage systems."
Other developments and growth opportunities include:
- The need for large-scale BMS with enhanced electronics design, electrochemistry, and cell modelling in data centre industry in the next five to seven years;
- Integrating BMS with improved prognostics, diagnostics functions, and multi-industry certification to raise BMS safety standards;
- Application prospects in forklift tracking systems, leading to effective fleet data management;
- Charging batteries and powering subsystems in wireless power devices, such as smartphones, desktop computers, and laptops;
- Material science improvements augmenting the development of better battery management techniques;
- Acting as a power back-up in transmission towers and wireless switching offices due to the need for BMS to administer high-rate brief discharges and state of health (SoH) of the battery pack; and
- Medical and fitness industry applications due to audio feedback and wireless connectivity requirements that demand high-capacity battery packs.
"On the flip side, an increased number of local manufacturers are offering products with multiple specifications that are widely limiting the identification of standard products and impacting the product quality," noted Kannadasan. "In addition, the rising adoption of luxury features such as climate control, on-board entertainment, and in-seat heating are adding more challenges for manufacturers to develop BMS models that are able to handle extra functionalities while keeping the system design less complex."
Emerging Innovations in Battery Management Systems is part of Frost & Sullivan's TechVision Sustainable Energy subscription program.
About TechVision
Frost & Sullivan's global TechVision practice is focused on innovation, disruption and convergence, and provides a variety of technology-based alerts, newsletters and research services as well as growth consulting services. Its premier offering, the TechVision program, identifies and evaluates the most valuable emerging and disruptive technologies enabling products with near-term potential. A unique feature of the TechVision program is an annual selection of 50 technologies that can generate convergence scenarios, possibly disrupt the innovation landscape, and drive transformational growth. View a summary of our TechVision program by clicking on the following link: http://ifrost.frost.com/TechVision_Demo
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