The Worldwide Electric Vehicle Battery Management System Industry is Expected to Reach $21 Billion by 2031

DUBLIN, Sept. 26, 2022 /PRNewswire/ -- The "Global Electric Vehicle Battery Management System Market 2021-2031 by Component, Product Type, Application, Battery Type, Propulsion Type, Vehicle Type, and Region: Trend Forecast and Growth Opportunity" report has been added to  ResearchAndMarkets.com's offering.

The global electric vehicle battery management system (EVBMS) market will reach $21,069.6 million by 2031, growing by 16.5% annually over 2021-2031, driven by the rising sales for electric vehicles (EVs), increasing demand for sustainable and clean energy vehicles, supportive government initiatives, and the depleting fossil fuel and rising environmental awareness amongst people.

The report is based on a comprehensive research of the entire global electric vehicle battery management system (EVBMS) market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:

• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter's Five Forces

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global electric vehicle battery management system (EVBMS) market in every aspect of the classification from perspectives of Component, Product Type, Application, Battery Type, Propulsion Type, Vehicle Type, and Region.

Based on Component, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

• Hardware
• Fuel Gauge/Current Measurement Devices
• Temperature Sensor
• Integrated Circuits
• Cutoff FETs and FET Driver
• Microcontroller
• Other Hardware
• Software & Services

Based on Product Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

• Distributed BMS
• Centralized BMS
• Modular BMS

By Application, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

• Voltage Monitoring
• Thermal Management
• Current Management
• Charging and Discharging Control
• Other Applications

By Battery Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

• Lithium Ion
• Redox Flow
• Lead Acid
• Other Battery Types

By Propulsion Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

• Battery Electric Vehicles (BEVs)
• Hybrid Electric Vehicles (HEVs)
• Plug-in Hybrid Electric Vehicle (PHEVs)
• Fuel Cell Electric Vehicle (FCEVs)

By Vehicle Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

• Passenger Cars
• Commercial Vehicles
• Other Vehicles

Geographically, the following regions together with the listed national/local markets are fully investigated:

• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE,Saudi Arabia,South Africa and Rest of MEA)

For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by country and split of each national market by Battery Type, Propulsion Type and Vehicle Type over the forecast years are also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Selected Key Players:

• Analog Devices Inc.
• BYD
• Contemporary Amperex Technology Co. Limited (CATL)
• Hyundai Mobis
• Infineon Technologies AG
• Keihin Corporation
• NXP Semiconductors
• Renesas Electronics Corporation
• SAIC Motor Corporation Limited
• Silicon Laboratories
• TE Connectivity
• Tesla Motors
• Texas Instruments Incorporated
• Visteon Corporation
• Vitesco Technologies

For more information about this report visit https://www.researchandmarkets.com/r/xbk33s

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SOURCE Research and Markets