Global EV Battery Management System Market 2024-2030

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    2024 Update Coming Soon Published- Sep 2023 Number Of Pages -173

    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 Mobi’s 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 TO EV BATTERY MANAGEMENT SYSTEM MARKET

     

     

    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

     

    EV BATTERY MANAGEMENT SYSTEM MARKET RECENT DEVELOPMENT AND INNOVATION

     

    S No Company Name Development
    1 WAE Technologies Elysia, the battery intelligence software developed by WAE Technologies (WAE), has been made available. It is intended to significantly enhance the life, safety, usable energy, power, and quick charging times of any battery system.
    2 Renesas Electronics Corporation An AUTOSAR-compliant complex device driver (CDD) software module has been made available by Renesas Electronics Corporation, for use by designers of automotive battery management systems (BMS) for electric vehicles (EVs). The new software accelerates design and enhances performance of next-generation systems in conjunction with Renesas’ industry-leading ISL78714 Li-Ion battery management IC.

     

    Elysia makes use of WAE’s unmatched expertise in high-performance batteries, gained via the company’s exclusive supply of batteries to ground-breaking electric motorsport series as well as from the design and development of batteries for mining trucks and electric hyperarcs. 

     

    Modern embedded and cloud-based products from Elysia give customers, like global automotive OEMs, fleet operators, and financiers of battery assets, access to never-before-seen battery insights as well as the ability to manage, optimize, and improve performance over the course of the battery’s entire lifecycle, both in the vehicle and in “second life” applications like stationary grid storage. 

     

    Elysia’s enhanced understanding and control decrease an OEM’s need to overengineer or oversize battery systems, making them lighter, less expensive, and more environmentally friendly.

     

    The two main products that make up the core offering are Elysia Embedded and Elysia Cloud Platform.

     

    Modern battery management algorithms called Elysia Embedded run locally on the Battery Management System (BMS), such as on the battery of an EV or a stationary energy storage system. 

     

    Its BMS algorithms assist OEMs in extending the driving range of their vehicles, enabling quicker charging, and maximizing battery power, allowing them to stay ahead of the competition and provide customers with the greatest possible performance without sacrificing battery life or safety.

     

    A cloud-based solution called Elysia Cloud Platform makes use of exclusive digital twin technology. It enables these customers to forecast and prolong battery life, improve safety, and safeguard warranty and residual values by assisting OEMs, fleet owners, and financiers of battery assets in transforming data into actionable insights. 

     

    It delivers much-needed transparency by giving a complete picture of the battery’s condition, while also enabling precise verification of degradation and in-life fault-finding, and it has the potential to completely transform the market for used batteries. 

     

    The ISL78714 IC and the RH850/P1M MCU are among the Renesas components that the CDD software is made to function with. 

     

    The essential Renesas Microcontroller Abstraction Layer (MCAL) modules for the RH850 MCU are configured and integrated as part of the CDD. 

     

    It offers a comprehensive low-level software solution for measuring the voltage and temperature of battery cells and for managing the ISL78714’s cell balancing operations. 

     

    The number of cells in the BMS system and the required rate of battery cell data collecting are both determined by programmable parameters.

     

    Electric vehicle battery management system producer Panasonic is well-known. The battery management system (BMS) of an electric vehicle is intended to watch and control the battery’s charge, health, and power levels.

     

    The intelligent BMS from Panasonic is essential for maximizing the vehicle’s range, efficiency, and safety because it gives real-time statistics on the battery’s health. The BMS from Panasonic distinguishes itself from its rivals thanks to a number of features.

     

    First off, it is very accurate when calculating the battery’s level of charge, which is essential for determining the range of the vehicle. Second, it has sophisticated safety features that guarantee the battery cell works securely, including overcharging and overheating protection.

     

    Thirdly, it has a user-friendly UI that makes it simple for drivers to watch their vehicle’s battery performance by displaying charge condition information on the dashboard. A versatile option for electric vehicle makers, Panasonic’s BMS is also made to work with a variety of electric car batteries.

     

    The battery cell will function effectively and maximize the vehicle’s range thanks to its advanced energy control capabilities. Overall, electric vehicle makers around the world favor Panasonic’s BMS because it is a dependable, precise, and secure option for electric vehicle battery management.

     

    The Chinese business CATL is focused on creating and producing lithium-ion batteries for electric vehicles. A crucial element that guarantees the security and dependability of their batteries is their battery management system (BMS).

     

    A highly precise status of charge (SOC) and state of health (SOH), which are essential for maximizing the battery’s performance and forecasting its lifespan, are two advanced characteristics of CATL’s BMS.

     

    A highly effective energy management system is also incorporated into their BMS, which maximizes the battery’s energy production while guaranteeing its security. The BMS from CATL controls the battery’s temperature precisely, preventing burning and extending the battery’s life. It does this by utilizing a highly sophisticated system.

     

    Additionally, the battery is safeguarded by their advanced BMS against short circuits, overcharging, and over discharging. The user-friendly BMS from CATL shows crucial battery condition data like SOC, SOH, and temperature on an easy-to-read interface.

     

    The BMS interacts with the car’s internal computer, enabling the driver to keep track of the battery’s health and make wise choices regarding how to use the car. A vital part in ensuring the secure and effective functioning of CATL’s lithium-ion batteries for electric vehicles is the company’s highly developed and dependable Battery Management System.

     

    EV BATTERY MANAGEMENT SYSTEM MARKET DYNAMICS

     

    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 software.
    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

     

    The evolution of electric vehicles is a priority for LHP Engineering Solutions, who also provide equipment and now upskill training. The latest step in ensuring that the industry has the knowledge and expertise required to market the next generation of electric vehicles and energy storage systems is the new course on battery management systems.

     

    The 5-day, 40-hour Battery Management System (BMS) course from LHP teaches technical EV battery management abilities. Graduates of this course will be capable of running performance tests to characterize a lithium-ion battery system and finding employment in the field of electric or hybrid vehicles.

     

    Along with becoming familiar with system engineering responsibilities for BESS applications, they will be qualified to describe the essential parts and features of an automotive BESS.

     

    The U.S. Senate approved the Strategic EV Management Act, which intends to maximize the reuse and recycling of electric vehicle batteries in federal fleet cars.

     

    The legislation mandates that the U.S. EPA, manufacturers, and recyclers work together with federal organizations including the General Services Administration and the Office of Management and Budget to develop a strategic plan for reusing and recycling EV batteries. Additionally, cooperation with researchers, labs, and startups engaged in similar projects is required.

     

    Texas Instruments debuted its latest battery cell and battery pack management tools at CES 2023. According to the business, its new battery management system products might enhance an electric vehicle’s range by up to 20%. The BQ79718-Q1 battery cell monitor and the BQ79731-Q1 battery pack monitor are the most recent battery controls from TI.

     

    These devices give an unprecedented level of accuracy and precision in measuring battery voltage, current, and temperature in order to estimate a vehicle’s true range and increase the overall life and safety of the battery pack.

     

    EV BATTERY MANAGEMENT SYSTEM MARKET RECENT PARTNERSHIPS

    Sl.no Timeline Developments
    1 Q3-2021 Eaton 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 LaChance to form a joint venture to manufacture Li-ion batteries in India for EVs.
    • Ficus Tier-1 Global Supplier has signed 5 contracts regarding Battery Management Systems with the Chinese market for the Electromobility 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 Go tech 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

     

    EV BATTERY MANAGEMENT SYSTEM MARKET RECENT LAUNCHES

     

    SI No Timeline Company Developments
    1 Q4-2021 Sensate Technology Sensate 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 Eaton Eaton 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 Sensate technologies Sensate 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. Micro mobility 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 kilometers 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 Sensate technologies Sensate 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 optimize it accordingly. Didi Leading Mobility Service Provider in China is the first customer of this cloud services.

     

    Indio 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 Aluminum (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 utilized 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 (webOS). 

     

    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 webOS created by the firm minimizes the wiring harness by 90% and simplifies the battery cell manufacturing and installation as compared to previous wired distributed systems. The webOS, 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.

     

    The scalable battery management system (BMS) from NXP can be used in both commercial and transportation-related settings. The BMS provides high measurement accuracy after soldering and aging and supports functional safety up to ASIL D according to ISO 26262.

     

    A BOM-optimized option, the solution combines BMS, junction box monitoring solutions, high-performance processors, and integrated analogue front end solutions. It is reliable and secure.

     

    At the Battery Show Europe in Stuttgart, Taiwanese supplier of electric vehicle technologies Xing Mobility unveiled a new battery system with immersion cooling. For heavy electrified vehicles used in logistics, construction, agriculture, and mining, the Immersion XM25 is especially well suited.

     

    According to the manufacturer, the Immersion XM25 combines a battery pack with a battery management system and an active safety module.

     

    The battery cells in the immersion cooling technology are completely encircled by coolant. It is also common to use cooling plates or channels that only come into contact with one or two sides of a battery cell; in these cases, the heat transfer occurs over a much smaller surface than it would with immersion cooling.

     

    LG Chem has introduced a new battery management system that optimizes battery performance and extends battery life in electric vehicles by utilizing AI and machine learning techniques.

     

    WAE Technologies, formerly known as Williams Advanced Engineering, has introduced a new battery management system. Williams Advanced Engineering was rebranded as WAE Technologies after Fortescue acquired the engineering company.

     

    According to WAE, the new package of BMS services would “unlock significant improvements in any electric vehicle battery’s range, life, safety, power, and rapid charging times.” Elysia is also the company’s first product suite aimed at the mass market.

     

    EV BATTERY MANAGEMENT SYSTEM MARKET FUTURE OF BATTERY MANAGEMENT SYSTEMS (BMS) 

     

    Battery Management Systems (BMS) have a bright future as the demand for more efficient and sustainable energy storage systems grows. Here are some potential trends that could shape BMS’s future:

     

    • Increased usage of AI and machine learning (ML) algorithms in BMS to optimize battery performance and lifespan.
    • Improved and more accurate state-of-charge (SOC) and state-of-health (SOH) monitoring techniques, which can assist extend battery life and prevent early failure.
    • More advanced thermal management technologies are being developed to solve the issue of overheating in high-capacity batteries.
    • The use of wireless connectivity and the Internet of Things (IoT) to provide remote monitoring and control of battery systems, as well as real-time data on battery performance and health.
    • The use of modular BMS designs to allow for the easy replacement of individual battery cells, lowering maintenance costs and prolonging the entire system’s lifespan.

     

    EV BATTERY MANAGEMENT SYSTEM MARKET SIZE AND FORECAST

     

    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 2030 and it was the biggest plug in EV market in 2030 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 2024 growing at –% CAGR till 2030

     

    EV BATTERY MANAGEMENT SYSTEM MARKET RECENT ACQUISITIONS 

     

    Dumosa’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, Sensate Technologies completed the acquisition of Spear Power systems to enable themselves to deliver more comprehensive energy storage solutions to their OEM customers in the specialty transportation market.

     

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

     

    Beatrix, a battery business of the Kelsie Group’s Kubra Extrusion Technik, has been making advances into the two- and three-wheeler EV industry. Kubra Extrusion Technik Ltd. (KET), a wholly-owned subsidiary of the INR 1,000-crore Kelsie Group, owns Beatrix.

     

    Varo’s 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 Beatrix products and services.

     

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

     

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

    In order to expand its product offerings for electric vehicles (EVs), the auto-component manufacturer Endurance Technologies has agreed to buy the battery management system (BMS) division of Mumbai-based ION Energy.

     

    Maxwell Energy Systems will be purchased by Aurangabad-based Endurance in an all-cash deal. Customers in India and Europe are Maxwell’s active order sources.

     

    The agreement expands Endurance’s product line by including BMS, which is crucial for keeping track of the temperature, condition, and security of lithium-ion batteries used in EVs.

     

    With Maxwell’s BMS, the first item in its EV-specific line, the auto component manufacturer has the chance to expand its clientele to Indian automakers who are thinking about starting an EV manufacturing facility.

     

    As background, BMS is used by OEMs and Battery Makers to deliver safe, dependable, and intelligent battery systems for Stationary Energy Storage Systems and Electric Vehicles.

     

    In addition to the US, India, France, Spain, and over 70 car OEMs and battery pack manufacturers are already served by Maxwell. It claims to have installed smart BMS in stationary storage systems and electric automobiles.

     

    Alter go, a platform for predictive analytics for new energy assets, is a software as a service (SaaS) firm that ON Energy will continue to own and run.

     

    EV BATTERY MANAGEMENT SYSTEM MARKET NEW TECHNOLOGY

     

    Cell Balancing in Electric Vehicle Battery Pack Passive and Active cell balancing techniques. Electric vehicles, as well as associated technologies, will be extremely important. One such example is battery technology.

     

    Maintaining a battery pack’s full capacity is an important component of running an EV properly because failure to do so can lead to serious safety and logistics issues. Many li-ion cells are connected in series and parallel to form battery packs, which have a total battery voltage and output power.

     

    Voltage imbalances in these cells can result in overcharging or undercharging. Temperature variations can lead to variations in the initial charge capacities and cell voltages. This prevents the cell’s capacity from being used to its full potential, which leads to poor battery performance, shortened battery life, and a possible fire risk.

     

    Cell voltage balancing, which ensures that all of the cells are uniformly charged and discharged by employing one of the aforementioned methods of cell balancing, is one such technique that can be utilized to eliminate these imbalances. Initial passive balancing Balancing that is active.

     

    They simulate both approaches and perform a detailed analysis. Cell Model Battery Model: To form a complete battery pack with a certain rating of power, voltage, and current, several cells with different nominal voltages and capacities are arranged in series and parallel.

     

    Depicts one such cell model with a 7.2V cell voltage and 0.00475Ah capacity.  This cell discharges from 100% to 0% without the aid of any balancing circuits in about 2500 seconds.

     

    Grid to vehicle and vehicle to grid This system is bidirectional, allowing power to flow in both directions. Through an inverter, the battery can send electricity back to the grid, and a rectifier, the grid can send energy to the battery.

     

    The operation of the supply grid can be enhanced by using V2G technology, and there won’t be a large demand for EV loads from the supply and distribution grids, avoiding the cost of replacing the current grid infrastructure.  

     

    The  inverter circuit that can convert DC to AC power and the output. The rectifier circuit that can convert AC to DC power and the output . The SPWM control that was used to generate gate pulses for the switches and the output.

     

    Balance of active cells The idea of a strong and weak cell is the same in this way as it was in the passive cell balancing method, but the technique is improved. Here, the circuit makes an effort to exert better control over the cell voltages and extracts all of the cells’ available capacity for utilization.

     

    Various components, such as inductors or capacitors, can be used to transfer the extra energy from a stronger cell into a weaker cell with less energy.

     

    The pack will contain both strong and weak cells, and there is a good probability that the stronger cells will be overcharged and the weaker cells will be over discharged.

     

    In this method, a resistor with a switch is connected across the cells, where the extra energy from the stronger cells is squandered in the resistor if the stronger cells generate greater potential than the weaker cells.  The transistor switch allows for fast control over the resistor’s operation at the appropriate time. 

     

    The electric vehicle It was thought that voltage and energy imbalances in battery packs were degrading the pack’s overall performance.  Using the passive balancing and active balancing cell balancing strategies, this problem was resolved.

     

    This increased the battery’s total capacity by ensuring that the cells in the battery pack did not overcharge and by maintaining an even voltage across all of them. The results were acquired in a graphical format after the balancing circuits were developed and simulated in MATLAB.

     

    A comparison was made, and it was discovered that the active balancing strategy, which is more effective at managing energy between the cells, was a superior method of accounting for the imbalances in the cells than the passive balancing methodology.

     

    EV BATTERY MANAGEMENT SYSTEM MARKET SEGMENTATION

    EV BATTERY MANAGEMENT SYSTEM MARKET By Geography

    • US
    • Europe
    • China
    • Asia Ex China
    • ROW

     

    EV BATTERY MANAGEMENT SYSTEM MARKET By EV Type

    • BEV
    • PHEV

     

    EV BATTERY MANAGEMENT SYSTEM MARKET  By Battery Pack Size

    • <50 kWh
    • 50-100 kWh
    • >100 kWh

     

    EV BATTERY MANAGEMENT SYSTEM MARKET By BMS Type

    • Wired
    • Wireless

     

    EV BATTERY MANAGEMENT SYSTEM MARKET COMPETITIVE LANDSCAPE

     

    SI No Timeline Company Developments
    1 Jan 2022 Lotus British volt & 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 Joy son 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 Sensate technologies  Sensate 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 Gloves, 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 Sensate technologies  Sensate 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 LaChance (Switzerland), Eberspaecher (Germany), Lithium Balance (Denmark), Novation Energy and Robotic 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
    3 Research Methodology
    4 Executive Summary
    5 Insights from Industry Stakeholders
    6 Gross Margin On EV BMS And Breakup By Sub Components
    7 Platforms of top OEMs and BMS suppliers for each platform
    8 EV product plan of OEMs (Top 10 OEMs) -2024-2030
    9 OEM Stance on EVs and impact on BMS market
    10 Key Criteria for EV BMS selection by OEMs
    11 Average B2B Price of BMS, by Region
    12 Average B2B EV battery price, per kWh by OEM
    13 Latest Innovation/New Product Launch In EV BMS Market and future implications
    14 Rise in average battery capacity and impact on EV BMS Market
    15 Decrease in battery price and impact on EV BMS Market
    16 Developments in Solid state battery and impact on BMS Market
    17 Impact of SiC and GaN in BMS
    18 Impact of chip shortage on BMS market
    19 Impact of the rise of 800 V architecture on BMS market
    20 Impact of global DC Fast Charging market on the BMS market
    21 Evolution of Li ion battery chemistry for passenger cars in 2010 - 2020
    22 Evolution of Li ion battery chemistry for commercial vehicles in 2012 -2022
    23 Upcoming battery chemistry for passenger and commercial vehicles and impact on BMS market
    24 Response of OEMs to the global chip crisis and the impact on the BMS used
    25 Market Size, Dynamics And Forecast By Geography, 2024-2030
    26 Market Size, Dynamics And Forecast By Electric Vehicle Type, 2024-2030
    27 Market Size, Dynamics And Forecast By Battery Capacity 2024-2030
    28 Market Size, Dynamics And Forecast By BMS Type 2024-2030
    29 Competitive Landscape of EV Battery Market and BMS Market
    30 Startups involved in BMS market
    31 Market share of EV BMS Market-2023
    32 OE-Supplier Alignment in EV Battery Market
    33 OE-Supplier Alignment in EV BMS Market
    34 Suppliers` raw material sourcing strategy for EV battery
    35 Recent M&A in the industry
    36 Growth strategy of major suppliers
     
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