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Last Updated: Apr 25, 2025 | Study Period: 2023-2030
In order to ensure the safety of electric vehicles, a Battery Management System (BMS), which controls the electronics of a rechargeable battery, whether a cell or a battery pack, becomes essential.
By ensuring that the cell runs within its safe operating limitations, it protects both the user and the battery. such as hydraulics, lighting, ventilation, and air conditioning.
To put it more precisely, they connect the functionality of several pieces of building equipment so that they perform as a single, integrated whole. control, CCTV, fire, elevators, and other life-saving devices.
An electronic regulator called a battery management system (BMS) keeps track of and regulates how rechargeable batteries are charged and discharged. Most gadgets that employ rechargeable batteries use several sorts of battery management systems.
The global EV BMS Piezoelectric polymer market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
Okinawa Autotech, a producer of electric two-wheelers, is apparently planning to use the open battery management system (Open-BMS) for electric vehicles (EVs).
By knowing the real-time update of the battery and its cells, Open-BMS "would increase the performance of the battery," an Okinawa Autotech official told the Economic Times.
Okinawa Autotech was unavailable right away to check the information provided to Inc42. The government has begun tightening the noose around EV and battery producers with new norms in response to recent occurrences of recurrent EV fires, which implicated the names of Okinawa Autotech, Ola Electric, Pure EV, Hero Electric, and even Tata Motors in recent days.
According to recent reports, the Department of Science & Technology (DST) and government think tank NITI Aayog have begun collaborating with the EV sector and academia on establishing an open-source BMS for two- and three-wheeler EVs.
The creation of open-source BMS appears to be yet another step in the direction of ensuring EV safety. After all, there have been extensive talks regarding the paucity of R&D in India and how the major Indian EV manufacturers import the majority of their equipment.
In essence, an Open-BMS system would entail technology development in India in accordance with the needs of the nation. Various organisations may also customise the solution in accordance with the needs of the manufacturing process.
| 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, 2023-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2023-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2023-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 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, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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