Product Code: GVR-1-68038-747-6
Battery Management System Market Growth & Trends:
The global battery management system market size is expected to reach USD 31.27 billion by 2030, growing at a CAGR of 25.2% from 2025 to 2030, according to a new study conducted by Grand View Research, Inc. The rising adoption of battery management systems (BMS) in applications such as electric vehicles (EVs), power tools, portable battery packs, garden tools, solar energy storage systems, uninterruptible power supply systems, and portable medical equipment, among others is a major driver behind the growth of the battery management system industry.BMS plays a crucial role in these applications by protecting the battery against damage, extending its lifespan, and providing precise information about the battery's condition.
Increasing demand for wireless BMS in the EV industry owing to its several benefits is boosting the market's growth.Wireless BMSs (wBMS) are revolutionizing the EV industry by offering enhanced safety and reliability, extended drive range, and reduced costs. Additionally, wireless BMS solutions provide more flexibility in battery placement and scalability across different EV platforms. Due to the advantages offered by wireless BMS solutions, numerous automakers are now exploring their use. These solutions eliminate the need for wiring, connectors, and other components, which results in reduced weight.
Furthermore, various companies started producing wireless battery management systems. For instance, in February 2023, LG Innotek, a subsidiary of the South Korean conglomerate LG, developed an 800-volt wireless battery management system for EVs. This innovation is aimed at reducing the size and weight of battery packs. The company plans to commence production of this system in the year 2024.The wireless BMS offers the significant benefit of reducing the weight and volume of a battery pack. As a result, it provides an additional 10 to 15 percent space for expanding the battery pack's capacity.
Increasing use of lithium-ion batteries in several consumer and automotive applications is expected to contribute to the market's growth. Lithium-ion batteries are extensively used owing to their benefits such as long-life, high-energy density, and low self-discharge. In a lithium-ion battery system, BMS is a crucial component. It performs critical functions such as real-time monitoring and control of individual battery cells, communication with external devices, calculation of state of charge (SOC), and measurement of voltage and temperature, among other key.
The outbreak of the COVID-19 pandemic severely impacted several economies. In addition, increased fuel prices owing to the Russia-Ukraine conflict are expected to prompt consumers to adopt electric vehicles considering the lower lifecycle cost of an electric vehicle as compared to internal combustion engine (ICE) vehicles, which is ultimately making more demand for EV batteries with BMS solutions. Furthermore, aggressive investments in innovation and subsequent advances in battery technology are expected to create new opportunities for the growth of the battery management system industry.
Battery Management System Market Report Highlights:
- The lithium-ion based segment is anticipated to emerge as the fastest-growing segment over the forecast period. Increasing adoption of lithium-ion EV batteries owing to their benefits such as high efficiency, space-saving and lightweight design, and low cost, among others is attributed to the growth of the segment. BMSs are crucial in managing the performance and safety of lithium-ion batteries by monitoring and controlling their charging and discharging rates, performing critical functions such as overcharge and over-discharge protection, cell balancing, and thermal management.
- The centralized topology segment accounted for the largest market share in 2024. The adoption of centralized BMS is increasing owing to its major benefits such as low cost and compact design.
- The automotive segment is anticipated to emerge as the fastest-growing segment over the forecast period. The increasing development of two and three-wheeled electric vehicles equipped with rechargeable batteries and battery management systems and the growing market for e-bikes/e-scooters in developing countries are expected to boost the segment growth.
- Asia Pacific is expected to grow at the highest CAGR from 2025 to 2030 due to the vast presence of EV battery start-ups, significant growth in EV sales in the region, and the growing consumer electronics industry in countries such as China India, and Japan.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. Country-based Segment Share Calculation
- 1.8. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Battery Management System Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Application Challenge
- 3.3. Battery Management System Market Analysis Tools
- 3.3.1. Application Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic and social landscape
- 3.3.2.3. Technological landscape
Chapter 4. Battery Management System Market: Battery Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Battery Management System Market: Battery Type Movement Analysis, USD Million, 2024 & 2030
- 4.3. Lithium-Ion Based
- 4.3.1. Lithium-Ion Based Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Lead-Acid Based
- 4.4.1. Lead-Acid Based Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Nickel Based
- 4.5.1. Nickel Based Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6. Flow Batteries
- 4.6.1. Flow Batteries Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Battery Management System Market: Topology Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Battery Management System Market: Topology Movement Analysis, USD Million, 2024 & 2030
- 5.3. Centralized
- 5.3.1. Centralized Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Distributed
- 5.4.1. Distributed Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Modular
- 5.5.1. Modular Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Battery Management System Market: Application Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Battery Management System Market: Application Movement Analysis, USD Million, 2024 & 2030
- 6.3. Automotive
- 6.3.1. Automotive Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Consumer Electronics
- 6.4.1. Consumer Electronics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Energy
- 6.5.1. Energy Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Defense
- 6.6.1. Defense Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Battery Management System Market: Regional Estimates & Trend Analysis
- 7.1. Battery Management System Market Share, By Region, 2024 & 2030 (USD Million)
- 7.2. North America
- 7.2.1. North America Battery Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. U.S. Battery Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Canada Battery Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.4. Mexico
- 7.2.4.1. Mexico Battery Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Battery Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.2. U.K.
- 7.3.2.1. U.K. Battery Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.3. Germany
- 7.3.3.1. Germany Battery Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.4. France
- 7.3.4.1. France Battery Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.5. Netherlands
- 7.3.5.1. Netherlands Battery Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.6. Norway
- 7.3.6.1. Norway Battery Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Battery Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.2. China
- 7.4.2.1. China Battery Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.3. Japan
- 7.4.3.1. Japan Battery Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.4. India
- 7.4.4.1. India Battery Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.5. South Korea
- 7.4.5.1. South Korea Battery Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.6. Australia
- 7.4.6.1. Australia Battery Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Battery Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Brazil Battery Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6. Middle East and Africa
- 7.6.1. Middle East and Africa Battery Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.2. UAE
- 7.6.2.1. UAE Battery Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.3. KSA
- 7.6.3.1. KSA Battery Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.4. South Africa
- 7.6.4.1. South Africa Battery Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Company Categorization
- 8.2. Company Market Positioning
- 8.3. Company Heat Map Analysis
- 8.4. Company Profiles/Listing
- 8.4.1. Elithion, Inc.
- 8.4.1.1. Participant's Overview
- 8.4.1.2. Financial Performance
- 8.4.1.3. Product Benchmarking
- 8.4.1.4. Strategic Initiatives
- 8.4.2. Johnson Matthey
- 8.4.2.1. Participant's Overview
- 8.4.2.2. Financial Performance
- 8.4.2.3. Product Benchmarking
- 8.4.2.4. Strategic Initiatives
- 8.4.3. Analog Devices, Inc.
- 8.4.3.1. Participant's Overview
- 8.4.3.2. Financial Performance
- 8.4.3.3. Product Benchmarking
- 8.4.3.4. Strategic Initiatives
- 8.4.4. Lithium Balance A/S
- 8.4.4.1. Participant's Overview
- 8.4.4.2. Financial Performance
- 8.4.4.3. Product Benchmarking
- 8.4.4.4. Strategic Initiatives
- 8.4.5. NXP Semiconductor N.V.
- 8.4.5.1. Participant's Overview
- 8.4.5.2. Financial Performance
- 8.4.5.3. Product Benchmarking
- 8.4.5.4. Strategic Initiatives
- 8.4.6. Nuvation
- 8.4.6.1. Participant's Overview
- 8.4.6.2. Financial Performance
- 8.4.6.3. Product Benchmarking
- 8.4.6.4. Strategic Initiatives
- 8.4.7. Texas Instruments Incorporated
- 8.4.7.1. Participant's Overview
- 8.4.7.2. Financial Performance
- 8.4.7.3. Product Benchmarking
- 8.4.7.4. Strategic Initiatives
- 8.4.8. Leclanche SA
- 8.4.8.1. Participant's Overview
- 8.4.8.2. Financial Performance
- 8.4.8.3. Product Benchmarking
- 8.4.8.4. Strategic Initiatives
- 8.4.9. Eberspaecher Vecture Inc.
- 8.4.9.1. Participant's Overview
- 8.4.9.2. Financial Performance
- 8.4.9.3. Product Benchmarking
- 8.4.9.4. Strategic Initiatives
- 8.4.10. Infineon Technologies AG
- 8.4.10.1. Participant's Overview
- 8.4.10.2. Financial Performance
- 8.4.10.3. Product Benchmarking
- 8.4.10.4. Strategic Initiatives