Report forecast the global automotive battery management
system market to grow at a CAGR of 22.17% during the period 2016-2020.
A battery management system (BMS) is an electronic system
that helps to monitor and manage the lifecycle of rechargeable batteries. This
system helps to maintain optimum battery health by monitoring every charging
cycle, controlling the load fluctuations, and balancing the charging levels.
The report covers the present scenario and the growth
prospects of the global automotive battery management system market for
2016-2020. To calculate the market size, the report considers a bottom-up
approach, which accounts for the total revenue of key vendors and total unit
sales of major electric vehicles in the market.
The market is divided into the following segments based
on geography:
- Americas
- APAC
- EMEA
According to the report, one of the major drivers for this
market is increasing demand for H&E vehicles. Hybrid and electric vehicles
are powered mainly by batteries. The battery pack in an HEV needs to tolerate
massive charge (for sudden braking) and heavy discharge (for sudden speed
boost). In addition, the SoC must be kept up to 80%, keeping space for
regenerative charging, while simultaneously discharging sufficiently for a
power boost. Hence, BMS is a crucial feature in these vehicles, guaranteeing
healthy battery operations.
Further, the report states that one of the major factors
hindering the growth of this market is lack of proper standards for development
of BMS. The global BMS market sees the presence on many vendors who develop BMS
solutions according to each battery specification. This varies in terms of the
applications in which they are installed, the functions they provide, and the
technical specifications.
Global Automotive Battery Management System Market
2016-2020, has been prepared based on an in-depth market analysis with
inputs from industry experts. The report covers the market landscape and its
growth prospects over the coming years. The report also includes a discussion
of the key vendors operating in this market.
key players in the global automotive battery management
system market: DENSO, Johnson Matthey battery systems, LG Chem, and Lithium
Balance.
Other Prominent Vendors in the market are: Ashwoods Energy,
Calsonic Kansei, Clayton Power, Elithion, Hitachi Automotive Systems,
Mitsubishi Electric, Preh, Tesla Motors, and Ventec.
Market driver
- Increasing demand for H&E vehicles
- For a full, detailed list, view our report
Market challenge
- Lack of proper standards for development of BMS
- For a full, detailed list, view our report
Market trend
- Advances in technology
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 67 pages and 50 Exhibits “Global
Automotive Battery Management System Market 2016 - 2020” report covers Executive
summary, Scope of the report, Market research methodology, Introduction, Market
landscape, Market segmentation by type of battery, Market segmentation by
application, Geographical segmentation, Market drivers, Market challenges,
Market trends, Vendor landscape, Key vendor analysis, Appendix.
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more information Visit at: http://mrr.cm/3u8
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