DUBLIN--(BUSINESS WIRE)--The "Battery Management Module Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Type (Single Speed and Multi-Speed); by Driveline Type (Battery Electric vehicle (BEV) and Hybrid Electric Vehicle (HEV)); and Geography" report has been added to ResearchAndMarkets.com's offering.
The mounting integration of portable batteries in consumer electronics, growing inclination toward electric vehicles, and energy storage solutions are the key factors boosting the demand for battery management modules.
Currently, computers, smartphones, tablets, and other consumer electronic devices are powered by batteries, especially lithium-ion batteries. The demand for advanced energy storage technologies is playing a pivotal role in the decarbonization of modern economies.
In the last few years, these advanced technologies have contributed to the evolution of energy & power, automotive, medical, and electronics industries. Regardless of the existence of technologies such as the application of battery technologies has offered the energy and power solutions to meet the technical demands of the energy storage in these sectors. The market players are investing significant amounts in adopting newer and robust technologies to further enhance their respective products.
In the automobile industry, various commercial vehicles and passenger cars are still developing, which demand enhanced energy storage systems. The availability of advanced battery technologies has encouraged automotive OEMs to adopt the battery management module. Several developing countries in APAC and South America, such as India, China, and Brazil, play a crucial role in the growth of the automotive and consumer electronics industry.
APAC is home to several automotive players' factories. Moreover, various companies in APAC are proceeding with battery production projects in Europe. For instance, Northvolt (Sweden), LG Chem (Poland), Terra E Holding (Germany), and SK Innovation (Hungary) have announced their respective battery projects with battery cell production requiring battery management module for enhanced energy storage.
Players present in the battery management modules market takes steps to strengthen their services portfolio in order to have high clientele. To accomplish this goal, companies take initiatives with respect to merger & acquisitions of other players, which would eventually help to increase their business revenue, geographical imprints throughout the globe.
For instance, NXP Semiconductor, a US-based company, collaborated with Volkswagen centered on the electronics for electric vehicles (EVs). Volkswagen adopted NXP's battery management system (BMS) into its innovative MEB platform to help increase vehicle range, extend battery longevity, and enhance safety.
Key Topics Covered:
1.1 Scope of the Study
1.2 Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
4. Battery Management Module Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Battery Management Module - Market Dynamics
5.1 Key Market Drivers
5.1.1 Increasing demand and adoption of electric vehicles worldwide
5.1.2 Favorable government initiatives to boost the growth
5.2 Key Market Restraint
5.2.1 High upfront costs and scalability issues
5.3 Key Market Opportunity
5.3.1 Demand for electric trucks and buses is projected to soar in coming years
5.4 Future Trend
5.4.1 Wireless battery management modules to drive the future growth
5.5 Impact Analysis of Drivers and Restraints
6. Battery Management Module Market - Global Analysis
6.1 Global Battery Management Module Market Overview
6.2 Battery Management Module Market - Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning - Five Key Players
7. Battery Management Module Market Analysis - By Topology
7.2 Battery Management Module Market Breakdown, By Topology, 2019 & 2027
8. Battery Management Module Market Analysis - By Component
8.2 Battery Management Module Market Breakdown, By Component, 2019 & 2027
8.3.2 Hardware: Battery Management Module Market - Revenue and Forecast to 2027 (US$ Million)
22.214.171.124 Battery Control Unit Market
126.96.36.199 Power Module Market
188.8.131.52 Communication Channel Market
9. Battery Management Module Market Analysis - By End User
9.2 Battery Management Module Market Breakdown, By End User, 2019 & 2027
9.5 Power & Energy
9.6 Consumer Electronics
9.7 IT & Telecom
10. Battery Management Module Market - Geographic Analysis
11. Battery Management Module Market - COVID-19 Impact Analysis
12. Global Battery Management Module Market-Industry Landscape
12.2 Market Initiative
12.3 New Development
13. Company Profiles
- NXP SEMICONDUCTORS N.V
- Johnson Matthey
- Texas Instruments Incorporated
- Renesas Electronics Corporation
- Analog Devices, Inc
- Elithion Inc
- L&T TECHNOLOGY SERVICES LIMITED
- Lithium Balance
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