Global Battery Management Market Research Report 2023

A battery management system (BMS) is any electronic system that manages a rechargeable battery (cell or battery pack), such as by protecting the battery from operating outside its Safe Operating Area, monitoring its state, calculating secondary data, reporting that data, controlling its environment, authenticating it and / or balancing it.

The global Battery Management market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

North American market for Battery Management is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

Asia-Pacific market for Battery Management is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

The global market for Battery Management in Vehicle Applications is estimated to increase from $ million in 2023 to $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

The key global companies of Battery Management include Valence Technology, Inc, Texas Instruments, Inc, NXP Semiconductor, Lithium Balance A/S, Analog Devices Corporation, Johnson Matthey PLC, Elithion, Inc, Vecture, Inc and Ventec SAS, etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.

This report aims to provide a comprehensive presentation of the global market for Battery Management, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Battery Management.

The Battery Management market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Battery Management market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Battery Management companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global Battery Management Market Size Growth Rate by Type: 2018 VS 2022 VS 2029

1.2.2 Centralized BMS

1.2.3 Distributed BMS

1.2.4 Modular BMS

1.3 Market by Application

1.3.1 Global Battery Management Market Growth by Application: 2018 VS 2022 VS 2029

1.3.2 Vehicle Applications

1.3.3 Stationary Batteries

1.4 Study Objectives

1.5 Years Considered

1.6 Years Considered

2.1 Global Battery Management Market Perspective (2018-2029)

2.2 Battery Management Growth Trends by Region

2.2.1 Global Battery Management Market Size by Region: 2018 VS 2022 VS 2029

2.2.2 Battery Management Historic Market Size by Region (2018-2023)

2.2.3 Battery Management Forecasted Market Size by Region (2024-2029)

2.3 Battery Management Market Dynamics

2.3.1 Battery Management Industry Trends

2.3.2 Battery Management Market Drivers

2.3.3 Battery Management Market Challenges

2.3.4 Battery Management Market Restraints

3.1 Global Top Battery Management Players by Revenue

3.1.1 Global Top Battery Management Players by Revenue (2018-2023)

3.1.2 Global Battery Management Revenue Market Share by Players (2018-2023)

3.2 Global Battery Management Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

3.3 Players Covered: Ranking by Battery Management Revenue

3.4 Global Battery Management Market Concentration Ratio

3.4.1 Global Battery Management Market Concentration Ratio (CR5 and HHI)

3.4.2 Global Top 10 and Top 5 Companies by Battery Management Revenue in 2022

3.5 Battery Management Key Players Head office and Area Served

3.6 Key Players Battery Management Product Solution and Service

3.7 Date of Enter into Battery Management Market

3.8 Mergers & Acquisitions, Expansion Plans

4.1 Global Battery Management Historic Market Size by Type (2018-2023)

4.2 Global Battery Management Forecasted Market Size by Type (2024-2029)

5.1 Global Battery Management Historic Market Size by Application (2018-2023)

5.2 Global Battery Management Forecasted Market Size by Application (2024-2029)

6.1 North America Battery Management Market Size (2018-2029)

6.2 North America Battery Management Market Growth Rate by Country: 2018 VS 2022 VS 2029

6.3 North America Battery Management Market Size by Country (2018-2023)

6.4 North America Battery Management Market Size by Country (2024-2029)

6.5 United States

6.6 Canada

7.1 Europe Battery Management Market Size (2018-2029)

7.2 Europe Battery Management Market Growth Rate by Country: 2018 VS 2022 VS 2029

7.3 Europe Battery Management Market Size by Country (2018-2023)

7.4 Europe Battery Management Market Size by Country (2024-2029)

7.5 Germany

7.6 France

7.7 U.K.

7.8 Italy

7.9 Russia

7.10 Nordic Countries

8.1 Asia-Pacific Battery Management Market Size (2018-2029)

8.2 Asia-Pacific Battery Management Market Growth Rate by Region: 2018 VS 2022 VS 2029

8.3 Asia-Pacific Battery Management Market Size by Region (2018-2023)

8.4 Asia-Pacific Battery Management Market Size by Region (2024-2029)

8.5 China

8.6 Japan

8.7 South Korea

8.8 Southeast Asia

8.9 India

8.10 Australia

9.1 Latin America Battery Management Market Size (2018-2029)

9.2 Latin America Battery Management Market Growth Rate by Country: 2018 VS 2022 VS 2029

9.3 Latin America Battery Management Market Size by Country (2018-2023)

9.4 Latin America Battery Management Market Size by Country (2024-2029)

9.5 Mexico

9.6 Brazil

10.1 Middle East & Africa Battery Management Market Size (2018-2029)

10.2 Middle East & Africa Battery Management Market Growth Rate by Country: 2018 VS 2022 VS 2029

10.3 Middle East & Africa Battery Management Market Size by Country (2018-2023)

10.4 Middle East & Africa Battery Management Market Size by Country (2024-2029)

10.5 Turkey

10.6 Saudi Arabia

10.7 UAE

11.1 Valence Technology, Inc

11.1.1 Valence Technology, Inc Company Detail

11.1.2 Valence Technology, Inc Business Overview

11.1.3 Valence Technology, Inc Battery Management Introduction

11.1.4 Valence Technology, Inc Revenue in Battery Management Business (2018-2023)

11.1.5 Valence Technology, Inc Recent Development

11.2 Texas Instruments, Inc

11.2.1 Texas Instruments, Inc Company Detail

11.2.2 Texas Instruments, Inc Business Overview

11.2.3 Texas Instruments, Inc Battery Management Introduction

11.2.4 Texas Instruments, Inc Revenue in Battery Management Business (2018-2023)

11.2.5 Texas Instruments, Inc Recent Development

11.3 NXP Semiconductor

11.3.1 NXP Semiconductor Company Detail

11.3.2 NXP Semiconductor Business Overview

11.3.3 NXP Semiconductor Battery Management Introduction

11.3.4 NXP Semiconductor Revenue in Battery Management Business (2018-2023)

11.3.5 NXP Semiconductor Recent Development

11.4 Lithium Balance A/S

11.4.1 Lithium Balance A/S Company Detail

11.4.2 Lithium Balance A/S Business Overview

11.4.3 Lithium Balance A/S Battery Management Introduction

11.4.4 Lithium Balance A/S Revenue in Battery Management Business (2018-2023)

11.4.5 Lithium Balance A/S Recent Development

11.5 Analog Devices Corporation

11.5.1 Analog Devices Corporation Company Detail

11.5.2 Analog Devices Corporation Business Overview

11.5.3 Analog Devices Corporation Battery Management Introduction

11.5.4 Analog Devices Corporation Revenue in Battery Management Business (2018-2023)

11.5.5 Analog Devices Corporation Recent Development

11.6 Johnson Matthey PLC

11.6.1 Johnson Matthey PLC Company Detail

11.6.2 Johnson Matthey PLC Business Overview

11.6.3 Johnson Matthey PLC Battery Management Introduction

11.6.4 Johnson Matthey PLC Revenue in Battery Management Business (2018-2023)

11.6.5 Johnson Matthey PLC Recent Development

11.7 Elithion, Inc

11.7.1 Elithion, Inc Company Detail

11.7.2 Elithion, Inc Business Overview

11.7.3 Elithion, Inc Battery Management Introduction

11.7.4 Elithion, Inc Revenue in Battery Management Business (2018-2023)

11.7.5 Elithion, Inc Recent Development

11.8 Vecture, Inc

11.8.1 Vecture, Inc Company Detail

11.8.2 Vecture, Inc Business Overview

11.8.3 Vecture, Inc Battery Management Introduction

11.8.4 Vecture, Inc Revenue in Battery Management Business (2018-2023)

11.8.5 Vecture, Inc Recent Development

11.9 Ventec SAS

11.9.1 Ventec SAS Company Detail

11.9.2 Ventec SAS Business Overview

11.9.3 Ventec SAS Battery Management Introduction

11.9.4 Ventec SAS Revenue in Battery Management Business (2018-2023)

11.9.5 Ventec SAS Recent Development

11.10 Nuvation Engineering

11.10.1 Nuvation Engineering Company Detail

11.10.2 Nuvation Engineering Business Overview

11.10.3 Nuvation Engineering Battery Management Introduction

11.10.4 Nuvation Engineering Revenue in Battery Management Business (2018-2023)

11.10.5 Nuvation Engineering Recent Development

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.2 Data Source

13.2 Disclaimer

13.3 Author Details

List of Tables

    Table 1. Global Battery Management Market Size Growth Rate by Type (US$ Million): 2018 VS 2022 VS 2029

    Table 2. Key Players of Centralized BMS

    Table 3. Key Players of Distributed BMS

    Table 4. Key Players of Modular BMS

    Table 5. Global Battery Management Market Size Growth by Application (US$ Million): 2018 VS 2022 VS 2029

    Table 6. Global Battery Management Market Size by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 7. Global Battery Management Market Size by Region (2018-2023) & (US$ Million)

    Table 8. Global Battery Management Market Share by Region (2018-2023)

    Table 9. Global Battery Management Forecasted Market Size by Region (2024-2029) & (US$ Million)

    Table 10. Global Battery Management Market Share by Region (2024-2029)

    Table 11. Battery Management Market Trends

    Table 12. Battery Management Market Drivers

    Table 13. Battery Management Market Challenges

    Table 14. Battery Management Market Restraints

    Table 15. Global Battery Management Revenue by Players (2018-2023) & (US$ Million)

    Table 16. Global Battery Management Market Share by Players (2018-2023)

    Table 17. Global Top Battery Management Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Battery Management as of 2022)

    Table 18. Ranking of Global Top Battery Management Companies by Revenue (US$ Million) in 2022

    Table 19. Global 5 Largest Players Market Share by Battery Management Revenue (CR5 and HHI) & (2018-2023)

    Table 20. Key Players Headquarters and Area Served

    Table 21. Key Players Battery Management Product Solution and Service

    Table 22. Date of Enter into Battery Management Market

    Table 23. Mergers & Acquisitions, Expansion Plans

    Table 24. Global Battery Management Market Size by Type (2018-2023) & (US$ Million)

    Table 25. Global Battery Management Revenue Market Share by Type (2018-2023)

    Table 26. Global Battery Management Forecasted Market Size by Type (2024-2029) & (US$ Million)

    Table 27. Global Battery Management Revenue Market Share by Type (2024-2029)

    Table 28. Global Battery Management Market Size by Application (2018-2023) & (US$ Million)

    Table 29. Global Battery Management Revenue Market Share by Application (2018-2023)

    Table 30. Global Battery Management Forecasted Market Size by Application (2024-2029) & (US$ Million)

    Table 31. Global Battery Management Revenue Market Share by Application (2024-2029)

    Table 32. North America Battery Management Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 33. North America Battery Management Market Size by Country (2018-2023) & (US$ Million)

    Table 34. North America Battery Management Market Size by Country (2024-2029) & (US$ Million)

    Table 35. Europe Battery Management Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 36. Europe Battery Management Market Size by Country (2018-2023) & (US$ Million)

    Table 37. Europe Battery Management Market Size by Country (2024-2029) & (US$ Million)

    Table 38. Asia-Pacific Battery Management Market Size Growth Rate by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 39. Asia-Pacific Battery Management Market Size by Region (2018-2023) & (US$ Million)

    Table 40. Asia-Pacific Battery Management Market Size by Region (2024-2029) & (US$ Million)

    Table 41. Latin America Battery Management Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 42. Latin America Battery Management Market Size by Country (2018-2023) & (US$ Million)

    Table 43. Latin America Battery Management Market Size by Country (2024-2029) & (US$ Million)

    Table 44. Middle East & Africa Battery Management Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 45. Middle East & Africa Battery Management Market Size by Country (2018-2023) & (US$ Million)

    Table 46. Middle East & Africa Battery Management Market Size by Country (2024-2029) & (US$ Million)

    Table 47. Valence Technology, Inc Company Detail

    Table 48. Valence Technology, Inc Business Overview

    Table 49. Valence Technology, Inc Battery Management Product

    Table 50. Valence Technology, Inc Revenue in Battery Management Business (2018-2023) & (US$ Million)

    Table 51. Valence Technology, Inc Recent Development

    Table 52. Texas Instruments, Inc Company Detail

    Table 53. Texas Instruments, Inc Business Overview

    Table 54. Texas Instruments, Inc Battery Management Product

    Table 55. Texas Instruments, Inc Revenue in Battery Management Business (2018-2023) & (US$ Million)

    Table 56. Texas Instruments, Inc Recent Development

    Table 57. NXP Semiconductor Company Detail

    Table 58. NXP Semiconductor Business Overview

    Table 59. NXP Semiconductor Battery Management Product

    Table 60. NXP Semiconductor Revenue in Battery Management Business (2018-2023) & (US$ Million)

    Table 61. NXP Semiconductor Recent Development

    Table 62. Lithium Balance A/S Company Detail

    Table 63. Lithium Balance A/S Business Overview

    Table 64. Lithium Balance A/S Battery Management Product

    Table 65. Lithium Balance A/S Revenue in Battery Management Business (2018-2023) & (US$ Million)

    Table 66. Lithium Balance A/S Recent Development

    Table 67. Analog Devices Corporation Company Detail

    Table 68. Analog Devices Corporation Business Overview

    Table 69. Analog Devices Corporation Battery Management Product

    Table 70. Analog Devices Corporation Revenue in Battery Management Business (2018-2023) & (US$ Million)

    Table 71. Analog Devices Corporation Recent Development

    Table 72. Johnson Matthey PLC Company Detail

    Table 73. Johnson Matthey PLC Business Overview

    Table 74. Johnson Matthey PLC Battery Management Product

    Table 75. Johnson Matthey PLC Revenue in Battery Management Business (2018-2023) & (US$ Million)

    Table 76. Johnson Matthey PLC Recent Development

    Table 77. Elithion, Inc Company Detail

    Table 78. Elithion, Inc Business Overview

    Table 79. Elithion, Inc Battery Management Product

    Table 80. Elithion, Inc Revenue in Battery Management Business (2018-2023) & (US$ Million)

    Table 81. Elithion, Inc Recent Development

    Table 82. Vecture, Inc Company Detail

    Table 83. Vecture, Inc Business Overview

    Table 84. Vecture, Inc Battery Management Product

    Table 85. Vecture, Inc Revenue in Battery Management Business (2018-2023) & (US$ Million)

    Table 86. Vecture, Inc Recent Development

    Table 87. Ventec SAS Company Detail

    Table 88. Ventec SAS Business Overview

    Table 89. Ventec SAS Battery Management Product

    Table 90. Ventec SAS Revenue in Battery Management Business (2018-2023) & (US$ Million)

    Table 91. Ventec SAS Recent Development

    Table 92. Nuvation Engineering Company Detail

    Table 93. Nuvation Engineering Business Overview

    Table 94. Nuvation Engineering Battery Management Product

    Table 95. Nuvation Engineering Revenue in Battery Management Business (2018-2023) & (US$ Million)

    Table 96. Nuvation Engineering Recent Development

    Table 97. Research Programs/Design for This Report

    Table 98. Key Data Information from Secondary Sources

    Table 99. Key Data Information from Primary Sources

List of Figures

    Figure 1. Global Battery Management Market Size Comparison by Type (2023-2029) & (US$ Million)

    Figure 2. Global Battery Management Market Share by Type: 2022 VS 2029

    Figure 3. Centralized BMS Features

    Figure 4. Distributed BMS Features

    Figure 5. Modular BMS Features

    Figure 6. Global Battery Management Market Size Comparison by Application (2023-2029) & (US$ Million)

    Figure 7. Global Battery Management Market Share by Application: 2022 VS 2029

    Figure 8. Vehicle Applications Case Studies

    Figure 9. Stationary Batteries Case Studies

    Figure 10. Battery Management Report Years Considered

    Figure 11. Global Battery Management Market Size (US$ Million), Year-over-Year: 2018-2029

    Figure 12. Global Battery Management Market Size, (US$ Million), 2018 VS 2022 VS 2029

    Figure 13. Global Battery Management Market Share by Region: 2022 VS 2029

    Figure 14. Global Battery Management Market Share by Players in 2022

    Figure 15. Global Top Battery Management Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Battery Management as of 2022)

    Figure 16. The Top 10 and 5 Players Market Share by Battery Management Revenue in 2022

    Figure 17. North America Battery Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 18. North America Battery Management Market Share by Country (2018-2029)

    Figure 19. United States Battery Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 20. Canada Battery Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 21. Europe Battery Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 22. Europe Battery Management Market Share by Country (2018-2029)

    Figure 23. Germany Battery Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 24. France Battery Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 25. U.K. Battery Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 26. Italy Battery Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 27. Russia Battery Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 28. Nordic Countries Battery Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 29. Asia-Pacific Battery Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 30. Asia-Pacific Battery Management Market Share by Region (2018-2029)

    Figure 31. China Battery Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 32. Japan Battery Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 33. South Korea Battery Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 34. Southeast Asia Battery Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 35. India Battery Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 36. Australia Battery Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 37. Latin America Battery Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 38. Latin America Battery Management Market Share by Country (2018-2029)

    Figure 39. Mexico Battery Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 40. Brazil Battery Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 41. Middle East & Africa Battery Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 42. Middle East & Africa Battery Management Market Share by Country (2018-2029)

    Figure 43. Turkey Battery Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 44. Saudi Arabia Battery Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 45. Valence Technology, Inc Revenue Growth Rate in Battery Management Business (2018-2023)

    Figure 46. Texas Instruments, Inc Revenue Growth Rate in Battery Management Business (2018-2023)

    Figure 47. NXP Semiconductor Revenue Growth Rate in Battery Management Business (2018-2023)

    Figure 48. Lithium Balance A/S Revenue Growth Rate in Battery Management Business (2018-2023)

    Figure 49. Analog Devices Corporation Revenue Growth Rate in Battery Management Business (2018-2023)

    Figure 50. Johnson Matthey PLC Revenue Growth Rate in Battery Management Business (2018-2023)

    Figure 51. Elithion, Inc Revenue Growth Rate in Battery Management Business (2018-2023)

    Figure 52. Vecture, Inc Revenue Growth Rate in Battery Management Business (2018-2023)

    Figure 53. Ventec SAS Revenue Growth Rate in Battery Management Business (2018-2023)

    Figure 54. Nuvation Engineering Revenue Growth Rate in Battery Management Business (2018-2023)

    Figure 55. Bottom-up and Top-down Approaches for This Report

    Figure 56. Data Triangulation

    Figure 57. Key Executives Interviewed