DUBLIN--(BUSINESS WIRE)--The "Global and China Power Battery Management System (BMS) Industry Report, 2018-2025" report has been added to ResearchAndMarkets.com's offering.
A total of 1.1659 million new energy passenger cars were sold worldwide in 2017, an upsurge of 55.9% from a year earlier, showing great popularity of and a significant rise in market recognition of new energy vehicles. Global sales of new energy vehicles are expected to sustain a CAGR of around 45% between 2018 and 2020.
Foreign power battery BMS generally employs active equalization technology, resulting in higher cost per vehicle, but at the same time experiences annual decline of 10%-15% in price. The BMS market size will have a much slower growth rate than power battery output. Global BMS output value was USD4.7 billion in 2017, and is expected to exceed USD6 billion in 2019 and hit USD11.17 billion in 2025, representing a CAGR of 11.6% from 2017 to 2025.
Traditional auto parts vendors represented by Denso and Preh have seized the initiative by dint of their key roles in vehicle supply chain. Denso as the most important supplier of parts for Toyota has provided BMS modules to vehicle models like Prius and Camry Hybrid successively, while Preh not only supplies products to BMW i series BEVs but vigorously explores the Chinese market by resorting to the resources of its parent company Joyson Electronics.
Cell vendors like LGC attempt to narrow the functional range of BMS and make it simple and universal, and to spin off software and data services as a separate supply to automakers. Among carmakers, Tesla BMS is mature and sophisticated and its next-generation technology will be applicable to bigger battery cell.
China sold 777,000 new energy vehicles in 2017, including 556,000 passenger cars; new energy bus production plummeted by 16.4% in 2017 due to considerable impact from declined subsidies and is expected to stabilize at around 90,000 units over the next few years.
- Denso (Japan)
- Calsonic Kansei (Japan)
- Hitachi Automotive Systems (Japan)
- Mitsubishi Electric (Japan)
- Hyundai Kefico (Korea)
- LG Chem (Korea)
- SK Innovation (Korea)
- Tesla Motors (USA)
- Lithium Balance (Denmark)
- Vecture (Canada)
- Rimac Automobili (Croatia)
- Digi-Triumph Technology (Taiwan)
- Clayton Power (Denmark)
- Huizhou E-power Electronics
- Shenzhen Klclear Technology
- SINOEV (Hefei) Technologies
- Ningbo Joyson Electronic Corp. (German Preh GmbH)
- Harbin Guantuo Power Equipment Co., Ltd.
- Anhui LIGOO New Energy Technology Co., Ltd.
- Ningbo Bate Technology Co., Ltd.
- Ningbo Longway Electrical Co., Ltd.
- Shenzhen Antega Technology Co., Ltd.
- Wuhu Tianyuan Automobile Electric Co., Ltd.
- Shenzhen Battsister Tech. Co., Ltd.
- BAIC BJEV
- Hangzhou Genwell-Power Co., Ltd.
- Beijing Pride New Energy Battery Technology Co., Ltd.
- Hefei Guoxuan High-tech Power Energy Co., Ltd.
- China Aviation Lithium Battery Co., Ltd.
- Sunwoda Electronic Co., Ltd.
- Winston Battery
- Analog Devices (USA)
- Texas Instruments (USA)
- Infineon (Germany)
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