Global EV Battery Management System Market 2022-2027

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    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 was the leader in EV sales till 2020 when Europe overtook it. Their major battery suppliers such as CATL and BYD also provide BMS which help in easier incorporation.
    3. 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.
    4. 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. With more room in the chassis, designers could easily incorporate more intelligence or add more battery cells, meaning more range for the EV.




    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



  Timeline Developments
    1 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.
    2 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.
    3 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



  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



  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




    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




  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.






    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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