1 INTRODUCTION 18
1.1 STUDY OBJECTIVES 18
1.2 MARKET DEFINITION AND SCOPE 18
1.2.1 INCLUSIONS AND EXCLUSIONS 19
1.3 STUDY SCOPE 19
1.3.1 MARKETS COVERED 19
1.3.2 GEOGRAPHIC SCOPE 20
1.3.3 YEARS CONSIDERED 20
1.4 CURRENCY 20
1.5 PACKAGE SIZE 20
1.6 LIMITATIONS 21
1.7 STAKEHOLDERS 21

2 RESEARCH METHODOLOGY 22
2.1 RESEARCH DATA 22
2.1.1 SECONDARY DATA 24
2.1.1.1 Key data from secondary sources 24
2.1.2 PRIMARY DATA 25
2.1.2.1 Key data from primary sources 25
2.1.2.2 Breakdown of primaries 26
2.2 MARKET SIZE ESTIMATION 26
2.2.1 BOTTOM-UP APPROACH 27
2.2.1.1 Approach for arriving at the market share by bottom-up
approach (demand side) 27
2.2.2 TOP-DOWN APPROACH 28
2.2.2.1 Approach for arriving at the market share by top-down
analysis (supply side) 28
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 29
2.4 RESEARCH ASSUMPTIONS 30

3 EXECUTIVE SUMMARY 31

4 PREMIUM INSIGHTS 35
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN BATTERY MANAGEMENT SYSTEM MARKET 35
4.2 BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE 35
4.3 BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE 36
4.4 BATTERY MANAGEMENT SYSTEM MARKET IN NORTH AMERICA,
BY COUNTRY AND APPLICATION 36
4.5 BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION 37
4.6 BATTERY MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2018 37

5 MARKET OVERVIEW 38
5.1 INTRODUCTION 38
5.2 MARKET DYNAMICS 39
5.2.1 DRIVERS 39
5.2.1.1 Growing trend of electric vehicles 39
5.2.1.2 Increasing requirement for battery monitoring in renewable
energy systems 40
5.2.1.3 Need for effective electric grid management 41
5.2.2 RESTRAINTS 42
5.2.2.1 Lack of standardized regulations for developing battery
management system 42
5.2.3 OPPORTUNITIES 42
5.2.3.1 Increasing adoption of battery-operated vehicles in public transport 42
5.2.3.2 Growing demand from data centers due to large storage requirements 43
5.2.3.3 Government initiatives encourage use of electric vehicles and setting up of e-charging stations 43
5.2.4 CHALLENGES 43
5.2.4.1 Complex architecture of battery management systems 43
5.2.4.2 Meeting high level of accuracy in real-time applications 43
5.3 VALUE CHAIN ANALYSIS 45

6 COMPONENTS OF BATTERY MANAGEMENT SYSTEM 46
6.1 INTRODUCTION 46
6.2 HARDWARE 46
6.2.1 BATTERY CONTROL UNIT 46
6.2.1.1 Battery control unit – a preliminary element in battery management systems 46
6.2.2 POWER MANAGEMENT COMPONENTS 47
6.2.2.1 Power management components are building blocks of battery management systems 47
6.2.3 COMMUNICATION CHANNELS 47
6.2.3.1 CAN bus is a major communication protocol used significantly in automotive applications 47
6.3 SOFTWARE 48
6.3.1 BMS SOFTWARE SUPPORTS IN MONITORING KEY CONTROL ACTIONS OF BATTERY MANAGEMENT SYSTEMS 48

7 BATTERY MANAGEMENT SYSTEM MARKET, BY TYPE 49
7.1 INTRODUCTION 50
7.2 STATIONARY BATTERY 51
7.2.1 USAGE OF LI-ION BATTERY IN STATIONARY APPLICATIONS TO GROW AT SIGNIFICANT RATE DURING FORECAST PERIOD 51
7.3 MOTIVE BATTERY 51
7.3.1 BATTERY MANAGEMENT SYSTEM MONITORS AND CONTROLS BATTERY CURRENT AND VOLTAGE OF MOTIVE BATTERY 51

8 BATTERY MANAGEMENT SYSTEM, BY TOPOLOGY 52
8.1 INTRODUCTION 53
8.2 CENTRALIZED 54
8.2.1 CENTRALIZED BATTERY MANAGEMENT SYSTEMS ARE APPROPRIATE FOR SMALL BATTERY PACKS 54
8.3 MODULAR 55
8.3.1 MODULAR BMS ARCHITECTURE BALANCES BENEFITS AND PITFALLS OF CENTRALIZED AND DISTRIBUTED TYPES 55
8.4 DISTRIBUTED 56
8.4.1 DISTRIBUTED BATTERY MANAGEMENT SYSTEM PREFERRED DUE TO SIMPLE DESIGN AND HIGH RELIABILITY 56

9 BATTERY MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE 58
9.1 INTRODUCTION 59
9.2 LITHIUM-ION BATTERY 60
9.3 ADVANCED LEAD-ACID BATTERY 64
9.3.1 USE OF BATTERY MANAGEMENT SYSTEMS IN ADVANCED LEAD-ACID BATTERIES TO EXTEND BATTERY LIFE 64
9.4 OTHERS 67
9.4.1 SOLID-STATE BATTERY 67
9.4.1.1 Solid-state batteries play crucial role in electric vehicles 67
9.4.2 FLOW BATTERY 67
9.4.2.1 Flow batteries are appropriate for high-energy storage applications 67
9.4.3 NICKEL-BASED BATTERY 68
9.4.3.1 Nickel-metal hydride battery is most commonly used
Nickel-based battery 68

10 BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION 72
10.1 INTRODUCTION 73
10.2 AUTOMOTIVE 75
10.2.1 ELECTRIC VEHICLES 75
10.2.1.1 Growing demand for electric vehicles to boost battery management system market 75
10.2.2 E-BIKES 75
10.2.2.1 Battery management systems for e-bikes enhance adoption 75
10.2.3 AUTOMATED GUIDED VEHICLES 76
10.2.3.1 Efficient and cheap battery management systems leading to wider adoption for AGVs 76
10.3 UNINTERRUPTED POWER SUPPLY (UPS) 80
10.3.1 BATTERY MANAGEMENT SYSTEMS SUPPORT MONITORING OF CRITICAL PARAMETERS IN UPS 80
10.4 TELECOMMUNICATIONS 83
10.4.1 BATTERY MANAGEMENT SYSTEMS FOR TELECOMMUNICATIONS APPLICATION TO ENHANCE BATTERY EFFICIENCY 83
10.5 RENEWABLE ENERGY SYSTEMS 86
10.5.1 RENEWABLE ENERGY SYSTEMS TO ENCOURAGE USE OF BATTERY MANAGEMENT SYSTEMS 86
10.6 MILITARY 89
10.6.1 BATTERY MANAGEMENT SYSTEM TO HELP IN PRECISE MANAGEMENT OF BATTERIES USED IN MILITARY DEVICES 89
10.7 OTHERS 92
10.7.1 MARINE 92
10.7.2 MEDICAL DEVICES 92

11 GEOGRAPHIC ANALYSIS 96
11.1 INTRODUCTION 97
11.2 NORTH AMERICA 99
11.2.1 US 101
11.2.1.1 US to be largest market for battery management system in 2019 101
11.2.2 CANADA 103
11.2.2.1 Canada is fastest-growing battery management system market in North America 103
11.2.3 MEXICO 104
11.2.3.1 Growing manufacturing infrastructure in Mexico to propel demand for battery management systems 104
11.3 EUROPE 105
11.3.1 GERMANY 108
11.3.1.1 Germany held largest share of European battery management system market in 2018 108
11.3.2 FRANCE 109
11.3.2.1 France has significant potential for development of battery management system market 109
11.3.3 UK 110
11.3.3.1 UK is significant market for battery management systems 110
11.3.4 REST OF EUROPE 111
11.4 APAC 113
11.4.1 CHINA 115
11.4.1.1 Rising automotive production to empower battery management system market in China 115
11.4.2 JAPAN 116
11.4.2.1 Existence of key players offering BMS to drive the market in Japan 116
11.4.3 INDIA 117
11.4.3.1 India has significant potential for development of battery management system market 117
11.4.4 SOUTH KOREA 118
11.4.4.1 South Korea has presence of major lithium battery manufacturers 118
11.4.5 REST OF APAC 119
11.5 ROW 120
11.5.1 MIDDLE EAST & AFRICA 121
11.5.1.1 Growth in infrastructure development and renewable energy systems empowering the market in Middle East 121
11.5.2 SOUTH AMERICA 123
11.5.2.1 Developing economies such as Brazil and Argentina to drive future growth 123
12 COMPETITIVE LANDSCAPE 125
12.1 OVERVIEW 125
12.2 COMPETITIVE ANALYSIS 125
12.2.1 MARKET RANKING ANALYSIS: BATTERY MANAGEMENT SYSTEM MARKET, 2018 125
12.3 COMPETITIVE LEADERSHIP MAPPING, 2018 127
12.3.1 VISIONARY LEADERS 127
12.3.2 DYNAMIC DIFFERENTIATORS 127
12.3.3 INNOVATORS 127
12.3.4 EMERGING COMPANIES 127
12.4 COMPETITIVE SITUATION AND TRENDS 129
12.4.1 JOINT VENTURES, ACQUISITIONS, EXPANSIONS 129
12.4.2 PRODUCT DEVELOPMENTS 129
13 COMPANY PROFILES 130
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
13.1 KEY PLAYERS 130
13.1.1 LECLANCHE 130
13.1.2 LITHIUM BALANCE 133
13.1.3 NUVATION ENGINEERING 135
13.1.4 EBERSPAECHER VECTURE 137
13.1.5 STORAGE BATTERY SYSTEMS 139
13.1.6 RENESAS ELECTRONICS 141
13.1.7 JOHNSON MATTHEY 143
13.1.8 ELITHION 145
13.1.9 BMS POWERSAFE 146
13.1.10 NAVITAS SYSTEMS 147
13.2 OTHER PLAYERS 148
13.2.1 AVL LIST 148
13.2.2 ROBOTEQ 148
13.2.3 EPEC 149
13.2.4 ANSYS 149
13.2.5 SEDEMAC 150
13.2.6 AVID TECHNOLOGY 150
13.2.7 ANALOG DEVICES 151
13.2.8 TEXAS INSTRUMENTS 151
13.2.9 EWERT ENERGY SYSTEMS 152
13.2.10 MAXIM INTEGRATED 152
13.2.11 TOSHIBA 153
13.2.12 PANASONIC 153
13.2.13 LION SMART 154
13.2.14 TECHNOLOGY WITH SPIRIT 154
13.2.15 TRONICO 154
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
14 APPENDIX 155
14.1 INSIGHTS OF INDUSTRY EXPERTS 155
14.2 DISCUSSION GUIDE 155
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS? SUBSCRIPTION PORTAL 158
14.4 AVAILABLE CUSTOMIZATIONS 160
14.5 RELATED REPORTS 160
14.6 AUTHOR DETAILS 161