Global EV Battery Management System Market 2022-2027

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    GLOBAL EV BATTERY MANAGEMENT SYSTEM MARKET

     

    KEY FINDINGS

    1. There is a need for large scale BMS with enhanced electronics design, electrochemistry and cell modelling in the next 5 to 7 years and integrate BMS with improved prognostics and diagnostics functions
    2. China is the leader in EV sales as it accounts for ~50% of the Global Plug-in Sales followed by Europe with 35%. Their major battery suppliers such as CATL and BYD also provide BMS which help in easier incorporation.
    3. China grew by 157% in 2021 due to consistent push towards EVs from governments and competitive products in the market
    4. The GMC Hummer EV is the first EV model to be launched with a wireless BMS and sold 1k units in 2021
    5. The EV sales in Europe surge by 3 times the sales in the last 4 years. Due to this the European Union is likely to emerge as a fast-growing market for automotive battery management system in foreseeable future.
    6. China and Europe will be the markets to look out for mainly because of the increasing sales of plugged in vehicles. 
    7. USA will have a strong premium vehicle plugged in vehicle segment mainly due to the presence of Tesla
    8. The EV BMS used in PHEV car will be similar to the one used in an all electric model of less than 50kWh capacity is expected to increase with the increase in sale of PHEV globally
    9. Keeping the battery at optimum temperature is key in improving overall efficiency of the vehicle, which will be a primary criteria for city EV buyers and BMS will play a key role in this aspect.
    10. Texas Instruments launched wireless Battery Management System. By removing the cabling, wireless BMS generally and TI’s solution specifically may decrease weight, increase reliability, and decrease BMS footprint. 
    11. With more room in the chassis, designers could easily incorporate more intelligence or add more battery cells, meaning more range for the EV.
    12. Tesla, BYD, and Hyundai Mobis have insourced EV BMS and take up XX% of the overall market share
    13. Tesla, the market leader with close to 1 million BEV sales in 2021 shifted away from outsourcing cells to developing its own batteries.

     

    INTRODUCTION

    The Lithium-Ion [Li-ion] Batteries find its major application in Electric Vehicles due to its high energy density and low weight.  These batteries are highly unstable in nature and have to be made sure that the batteries are not over charged or under discharged.

     

    The Voltage and the Current of the battery has to be monitored closely since in an EV a no of cells are stacked together to form a battery pack, it involves dedicated and efficient operation of monitoring each and every cell. This is called as Battery Management System.

     

    Primarily Battery Management System deals with,

    • Charging and Discharging Control
    • State of Charge Determination
    • State of Health Determination
    • Thermal Control
    • Cell Balancing

     

    Various Battery and Grid Controllers and Switch Gears are built by the BMS service companies. These devices have in-built voltage, current, temperature sensors capable of performing primary functions are installed along with the batteries.

     

    To know more about Global Electric Vehicle Battery Market, read our report

     

    MARKET DYNAMICS IN THE EV BATTERY MANAGEMENT SYSTEM MARKET

     

    Sl.no Timeline Developments
    1 Q1-2022 The architecture utilized across vehicles is based on 400 V platform and will remain the dominant architecture. The development of 800 V architecture will cause suppliers to develop higher powered components for PV and CV
    2 Q1-2022 Even though the battery prices are decreasing and  the battery sizes are expected to increase, the battery chemistry improvements will increase the cost per BMS that will have to take more load and perform more iterations with accuracy.    
    3 Q1-2022 Increasing scale of battery plants will decrease battery prices which will positively impact sales of plugged-in vehicles and the BMS required for it.
    4 Q4-2021 Battery life, recharging time and efficiency are the major factors every customer mainly concentrates on when buying a new EV. BMS handles the battery functions to improve it’s life, preventing overheating by controlling all the cells in the battery pack by using softwares.
    5 Nov-2021 The advancement of BMS is essential to optimize battery safety and manufacturing cost because the rapid adoption of electric vehicles is increasing every day.
    6 Oct-2021 The new 1.27mm size interconnect design of BMS for EV is more efficient than the previous 1.8mm pitch size, supplying the same amount of current with less space.

     

    Automobile Sector is expected to boost the Battery Management System market heavily, solely because the rapid rise in the sales of the BEVs and PHEVs.

    Info Graphic: battery management system for electric vehicles market size, battery management system for electric vehicles market share, battery management system for electric vehicles market trends, battery management system for electric vehicles market, automotive battery management system market

     

    To know more about Global Electric Aircraft Battery Market, read our report

     

    RECENT PARTNERSHIPS IN THE EV BATTERY MANAGEMENT SYSTEM MARKET

     

    Sl.no Timeline Developments
    1 Q3-2021 Eatron technologies and WMG have been partnered in a new project called COBRA which is funded by Faraday Battery Challenge in the UK. The project aims to develop the most advanced battery management system in the world. The two companies collaborated to create new integrating advanced battery diagnostics algorithms, and cloud based analytics to calculate Remaining Useful Life (RUL) of  lithium batteries with high accuracy.
    • Exide has tied up with Leclanche to form a joint venture to manufacture Li-ion batteries in India for EVs.
    • Ficosa Tier-1 Global Supplier has signed 5 contracts regarding Battery Management Systems with the Chinese market for the Electomobility products coming out of China.
    • France based battery manufacturer Ion Battery Systems to set up Li-ion Battery manufacturing unit in India and has recently partnered with Mumbai based Ion Energy Inc for BMS solutions.
    • Hella leading German automotive part supplier has agreed to supply battery management systems to an unnamed premium European Electric Vehicle Manufacturer.
    • Maxim Integrated Products has launched a single chip battery monitoring integrated circuit which is said to be integrated in the new Nissan Leaf Models
    • Varroc Engineering Ltd has collaborated with Lithium Balance from Denmark to manufacture EV Battery Management Systems for the Denmark organization in India.
    • Analog devices and Visteon will supply wireless Battery Management Systems to GM for their Ultium platform
    • Orient and Ricardo will jointly develop a next-generation battery management system. The key areas of Ricardo expertise that Orient Technology will utilize are in the incorporation of advanced battery state and parameter prediction
    • SM Auto partnered with Gotech Energy to make Battery Management System for India’s EV market
    • Ion Energy will supply Battery Management System to Ray Electric Motors

     

    To know more about Global Electric Bus Battery Market, read our report

     

    RECENT LAUNCHES IN THE EV BATTERY MANAGEMENT SYSTEM MARKET

    SI No Timeline Company Developments
    1 Q4-2021 Sensata Technology Sensata Technologies’ new i-BMS battery management system enables battery hot swapping to minimize charging time for low voltage Evs. Parallel pack support allows the use of two or more battery packs 
    2 2021 Eatron Eatron introduced its next generation automotive grade Battery Management System (BMS) powered by BMSTAR.

    BMSTAR combines highly accurate models (<1% accuracy for the whole cell life time) of the battery with AI and advanced estimation methods, to ensure accurate and reliable data on the battery state for optimized battery life

    3 Q3-2021 Ion Energy Ion Energy to raise USD 3.6 million Pre series A funding from Amazon’s climate Pledge fund With Silicon valley’s Climate capital and other angel investors.
    4 Q4-2021 Sensata technologies Sensata technologies launched it’s new i-BMS battery management system for EVs.The new integrated battery provides hot swapping of batteries for electric vehicles and other applications up to 60V. 
    5 2022 Bird Global, Inc. Micromobility company headquartered in California a novel battery management system provided details that it would help in powering millions of micro-electric vehicle trips across the globe.
    6 2021 Texas Instruments A semiconductor manufacturing company based in the U.S., introduced the industry’s highest-performing solution for wireless battery management systems. The wireless solution would aid automakers in reducing the vehicle weight, improving reliability, and lowering the complexity of their designs to expand the driving range.
    7 2021 ION Energy Electric vehicle electronics startup ION Energy will supply battery management system to Barcelona-based Ray Electric Motors for the latter’s newly launched electric scooter that promises to deliver speeds of up to 125 kilometres per hour. 

     

     

    SI.no Timeline Company Developments
    1 Q3-2021 Ion Energy Ion Energy to raise USD 3.6 million Pre series A funding from Amazon’s climate Pledge fund With Silicon valley’s Climate capital and other angel investors.
    2 Q4-2021 Sensata technologies Sensata technologies launched it’s new i-BMS battery management system for EVs.The new integrated battery provides hot swapping of batteries for electric vehicles and other applications up to 60V. 

     

    Bosch is developing a new cloud services for the batteries used in the Electric Vehicles that helps the users to get real time status of the battery and optimise it accordingly. DiDi Leading Mobility Service Provider in China is the first customer of this cloud services.

     

    Idneo Engineering Services Company based in Spain, has developed a new BMS for electric motorcycles with nominal power up to 11kw and Light Electric Vehicles. It can monitor battery packs of up to 60V and different substances Nickel Cobalt Aluminium (NCA), Nickel Cobalt Manganese (NCM), Lithium Ferro Phosphate (LFP) and Lithium Titanate (LTO).         

     

    American auto component and parts supplier BorgWarner is expected to launch a new high voltage coolant heater for electric and plug-in hybrid cars globally.

     

    Tesla Inc American electric mobility giant depends entirely on battery technology for its strong position in automotive market. The company recently introduced its patented ‘Multi-Channel and Bi-Directional Battery Management System which features dynamic redundancy across its BMS.

     

    Dynamic redundancy is a feature when there is primary and secondary circuit failure in the system, the multi-channel and bi-directional architecture commands to activate different and fully operational channel of BMS.

     

    Visteon has announced a first production-intent, completely wireless battery management system (BMS) to monitor battery packs continuously for state of health and charge.GM will be the first OEM to equip its electric vehicles with the systems solution from Visteon

     

    TLE9012AQU is a new battery management system from Infineon Technologies that controls and balances an electric vehicle’s battery charge. It was created by a German chip firm specifically for hybrid and electric car batteries, but it can also be used in energy storage systems and e-bike battery management systems.

     

    Over the whole temperature and operational voltage range, the TLE9012AQU provides voltage measurement in up to twelve battery cells with an accuracy of 5.8 mV.A battery electric vehicle’s key powertrain components are the Battery Management System (BMS), onboard charger (OBC), and main inverter, which operate the electric motor and return energy to the battery during regenerative braking.

     

    Ewert Energy Systems, Inc, a research and development business focused on providing solutions for plug-in hybrid and electric vehicles, invented and manufactured the Orion BMS.

     

    The Orion BMS is a full-featured lithium ion battery management system that is specifically developed to protect and manage battery packs for electric vehicles (EV), plug-in hybrids (PHEV), and hybrid vehicles (HEV) with automotive-grade quality.

     

    The Orion lithium-ion BMS is resistant to the strong EMI (electrical noise) and voltage transients that affect other BMS systems in automotive applications.

     

    The Orion BMS can be utilised in stationary installations such as solar or wind storage batteries and UPS systems, in addition to automotive applications in electric and hybrid automobiles.

     

    Marelli, a prominent worldwide automotive supplier, has added a new state-of-the-art Wireless Distributed Battery Management System to its portfolio of battery management technologies for electric vehicles (wBMS). 

     

    This technique eliminates the requirement for wired physical connections in existing Battery Management System (BMS) systems, allowing for better flexibility, enhanced efficiency, improved reliability, and lower costs, all of which are important in electric vehicles.

     

    By leveraging wireless technology to facilitate communication between the batteries and the control unit, the approach eliminates the requirement for daisy-chain connection and wiring. 

     

    The new wBMS created by the firm minimises the wiring harness by 90% and simplifies the battery cell manufacturing and installation as compared to previous wired distributed systems. The wBMS, in particular, decreases assembly complexity and gives battery modules more flexibility.

     

    Because of the reduced weight due to the removal of connectors, the vehicle’s energy efficiency improves, allowing it to travel further on a single charge. 

     

    The method also makes place in the battery pack for larger batteries, ensuring versatility, scalability, and optimization; eventually, larger batteries translate to improved power output and, again, increased vehicle range under the correct circumstances.

     

    MARKET SIZE AND FORECAST OF THE EV BATTERY MANAGEMENT SYSTEM MARKET

    Li-ion Batteries have an average service life of 8-10 i.e., approximately 500 to 1000 charge cycles. Auto manufacturers promise the mileage around 100000 and 160000 kms. But the rapid battery charging, sporty driving style makes the battery to age faster.

     

    Features such as Electric Power Steering, Automatic Start/Stop have increased the load on the batteries. Thus, there is a major issue regarding safety therefore, the need for the Intelligent Battery Management System (IBMS) is increasing among automakers across the globe.

     

    New safety and emission norms are the major influence for this rise in sales. In Europe, there was a 132% increase in EV sales YOY in 2020 and it was the biggest plug in EV market in 2020 and will continue to provide tight competition to China for further growth.

     

    The global EV battery management system market is estimated at $XX Billion in 2021 growing at –% CAGR till 2026

    RECENT ACQUISITIONS IN THE EV BATTERY MANAGEMENT SYSTEM MARKET

    Dukosi’s partnership with GlobalFoundries will support the manufacturing of production-grade silicon, designed to meet the safety and reliability standards of its end markets, including AECQ100 automotive grade. It will use GF’s Auto Pro Solution. 

     

    In November 2021, Sensata Technologies completed the acquisition of Spear Power systems to enable themselves to deliver more comprehensive energy storage solutions to their OEM customers in the speciality transportation market.

     

    Battrixx, a maker of lithium-ion battery packs for electric vehicles, has purchased a 100 percent ownership in Varos Technology Pvt. Ltd., a company that specialises in building IoT tools for EV infrastructure and battery management systems.

     

    Battrixx, a battery business of the Kolsite Group’s Kabra Extrusiontechnik, has been making advances into the two- and three-wheeler EV industry. Kabra Extrusiontechnik Ltd. (KET), a wholly-owned subsidiary of the INR 1,000-crore Kolsite Group, owns Battrixx.

     

    Varos Technology will anchor its capabilities to develop end-to-end Battery Management Systems by leveraging cloud-based Artificial Intelligence-driven analytic tools to help predict battery life and monitor battery performance in order to facilitate its continued growth in the overall segment and create synergy between Battrixx products and services.

     

    Machine Learning (ML) algorithms will continuously provide inputs for modifying and enhancing battery performance.

     

    VarosGroup’s strong IOT capabilities and technologies would support Battrixx’s aim of creating and producing green energy systems and solutions for OEMs and switching station operators.

    COMPETITIVE LANDSCAPE IN THE EV BATTERY MANAGEMENT SYSTEM MARKET

     

    SI No Timeline Company Developments
    1 Jan 2022 Lotus Britishvolt & Lotus sign MoU to collaborate on next generation battery cells specific to lotus requirements.
    2 Q1-2022 Titan Advanced Energy Solutions Titan’s U-BMS is the first technology to pro-actively monitor batteries and anticipate dangerous conditions before they occur. With its constant innovations it will look to dominate the market.
    3 Q1-2022 Chinese Startups Ningbo Joyson and Huizhou dominate the Chinese market supplying to major OEMs like XX,  YY and ZZ
    4         Q1-2022 Ion Energy An Indian based startup made a contract to provide services in battery management systems for Ray motors, an electric scooter startup. 
    5 Q4-2021 Ewert Energy Systems Ewert has built a system which has superior thermal management and isolated fault detection- both of which can improve their market share, especially among OEMs which have larger battery packs as it will increase the range.
    6 Q4-2021 Sensata technologies  Sensata technologies acquired Spear Power Systems for the extensive production of electric storage systems.
    7 July 2021 Hyundai Motor Hyundai Motor Group to partner with LG Energy Solution to build an EV battery cell plant in Karawang, near the Indonesian capital Jakarta.
    8 Feb 2021 Hyundai

    Motor

    Hyundai signs MOU with South Korea’s Ministry of Trade, Industry and Energy as well as Hyundai Glovis, LG Energy Solution and KST Mobility.Under MOU, all involved parties will explore a new innovative business model combining electric vehicle (EV) purchase with battery lease and battery reuse.

     

    SI.no Timeline Company Developments
    1 Q1-2021 Ion Energy An Indian based startup made a contract to provide services in battery management systems for Ray motors, an electric scooter startup. 
    2 Q4-2021 Sensata technologies  Sensata technologies acquired Spear Power Systems for the extensive production of electric storage systems.

     

    Some of the leading BMS companies from China are BYD, CATL and G-Pulse. The Chinese BMS companies account for 40% share in the global market.

     

    Europe has dominated the BMS market and it is home for various major BMS Manufacturers. The leading players in the Global Market are Leclanche (Switzerland), Eberspaecher (Germany), Lithium Balance (Denmark), Nuvation Energy and Roboteq from USA.

     

    It will be easier for start-ups to develop BMS than to compete with larger suppliers in other power electronic components as R&D is mainly software based. Software will be on constant updates to increase battery efficiency.

    COMPANY PROFILE IN THE EV BATTERY MANAGEMENT SYSTEM MARKET

     

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
    21 Product installation rate by OEM, 2022
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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