Description
The global Power Battery Management System (PBMS) Market size is anticipated to reach USD 6,944.2 million by 2023. Environmental sustainability, and growing need for battery management in electric vehicles and hybrid electric vehicles, act as growth drivers for the market. Moreover, the high demand for battery management systems from the renewable energy storage system applications, and growing trend of battery-driven public transport, further drive the market. Whereas, high maintenance cost and lack of technical know-how regarding installation, may restrain the growth of the global power battery management systems market. Moreover, increase in the production of equipment related to storage of energy technology with reduction in raw material cost, is creating a favorable environment for the existing and new service provider to provide viable energy storage solution in a cost effective way.
Global Power Battery Management System (PBMS) Market has had a broad market in recent years. MRFR analysts have predicted that power battery management system (PBMS) market would grow at a rapid pace. Moreover, the downfall in the technology cost, increasing application of battery management system across end-user industries has given power battery management system (PBMS) market, growth momentum. The global market for power battery management system (PBMS) has been segmented based on type, application and region. On the basis of Type, Centralized type accounted for the largest market share and is projected to grow at the highest CAGR of 12.60% during the forecast period. Based on application, grid energy storage application accounted for the largest market share of 58.67% in 2016, with a market value of USD 2,091.4 million.
Key Players
LG Chem Ltd (South Korea), ABB (Switzerland), Robert Bosch GmbH (Germany), AES Energy Storage (U.S.), Continental AG (Germany), Kefico Corporation (Korea ), AEG Power Solutions (Germany), Greensmith Energy (U.S.), Su-Kam Power Systems Ltd (India), Exide Industries Limited (India)
Objectives of Global Power battery management system Market Analysis & Forecast, from 2017 to 2023
• To provide detailed analysis of the market structure along with forecast for the next five to ten years of the various segments and sub-segments included in global power battery management system market with analysis of its development and demand in the market
• To identify high growth regions and countries
• To study regional and country specific demand and forecast for global power battery management system market
• To cover the key segments of type, application and region
• To finalize unit breakdown for all different classifications required for forecasting, considering various factors
• To identify forecast demand for all probable segments for all the regions, and to collect the historical figure, data through primary and annual reports to derive the regional and country level market size
• To identify historical trends so as to forecast and estimate the future value data
Target Audience
• Manufactures
• Raw materials suppliers
• Aftermarket suppliers
• Research institute & education institute
• Potential investors
• Key executive (CEO and COO) and strategy growth manager
Key Findings
• Global Power battery management system market is expected to reach USD 6,944.2 million by 2023
• By Type, Centralized segment dominates the global power battery management system market with share of 46.00% in 2016, in terms of value. It is expected to grow at 12.60% CAGR during the forecast period
• By Application, Grid Energy Storage segment dominates the global power battery management system market with share of 58.67% in 2016, in terms of value. It is expected to grow at 12.04% CAGR during the forecast period
• Geographically, Asia Pacific has been projected to have the largest market share in global power battery management system market. China accounted for the largest market share of 36.92% in 2016, with a market value of USD 623.2 million
Regional and Country Analysis of Global Power Battery Management System Market Estimation and Forecast
Asia Pacific holds the largest market share of the global battery management system, owing to the rapid adoption of battery management systems in various applications such as portable device, automotive, renewable energy storage system. Asia Pacific has a great potential in overall energy storage capacity due to growing concerns to develop renewable energy resources and carbon footprint. Moreover, the trend of battery powered automotive such as electric vehicles, e-bikes, and automated guided vehicle and the increasing number of projects in North America, are expected to drive the battery management system market.
The report also covers country level analysis of:
• North America
o o US
o o Canada
• Europe
o Germany
o UK
o France
o Netherland
o Spain
o Switzerland
o Rest of the Europe
• Asia Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia Pacific
• Rest of the World
o Latin America
o Middle East
o Africa
Table of Contents
1 Executive Summary 14
2 Introduction 16
2.1 Definition 16
2.2 Scope of the Study 16
2.3 Assumptions 16
2.4 Market Structure 17
3 Research Methodology 18
3.1 Research Process 18
3.2 Primary Research 19
3.3 Secondary Research 19
3.4 Market Size Estimation 19
3.5 Forecast Model 21
4 Market Dynamics 22
4.1 Drivers 23
4.1.1 Downfall in the technology cost 23
4.1.2 Increasing application of battery management system in all end-user industries 23
4.2 Restraints 23
4.2.1 High initial capital investment 23
4.3 Opportunity 24
4.3.1 High Investment in energy storage systems with grid expansion and scope of development in end-user sectors 24
5 Market Effect Factors Analysis 25
5.1 Porter’s Five Forces Analysis 25
5.1.1 Threat of New Entrants 25
5.1.2 Bargaining Power of Suppliers 25
5.1.3 Bargaining Power of Buyers 26
5.1.4 Threat of Substitutes 26
5.1.5 Rivalry 26
6 Industrial Chain Structure of Power Battery Management System 27
6.1 Industry Chain Structure of Power Battery Management System 27
6.1.1 Upstream Analysis 27
6.1.2 Downstream Analysis 27
7 Global Power Battery Management System Market, By Type 28
7.1 Introduction 29
8 Global Power battery management system Market, By Application 32
8.1 Introduction 33
9 Power Battery Management System Market, By Region 35
9.1 Introduction 36
9.2 Europe 38
9.2.1 Germany 42
9.2.2 U.K. 44
9.2.3 France 47
9.2.4 Netherlands 49
9.2.5 Spain 52
9.2.6 Switzerland 54
9.2.7 Rest of Europe 57
9.3 North America 60
9.3.1 U.S. 64
9.3.2 Canada 67
9.4 Asia-Pacific 70
9.4.1 China 75
9.4.2 Japan 77
9.4.3 South Korea 80
9.4.4 India 83
9.4.5 Rest of Asia-Pacific 85
9.5 Rest of the World (RoW) 88
9.5.1 Latin America 91
9.5.2 Middle East 94
9.5.3 Africa 96
10 Competitive Landscape 99
10.1.1 Product Development 100
10.1.2 Expansion 100
10.2 Market Share Analysis 101
10.2.1 Product Benchmarking: 101
11 Company Profile 103
11.1 LG Chem 103
11.1.1 Company Overview 103
11.1.2 Financial Overview 103
11.1.3 Product/Service Offering 105
11.1.4 Strategy 105
11.1.5 Key Development 106
11.2 ABB 107
11.2.1 Company Overview 107
11.2.2 Financial Overview 107
11.2.3 Product/Service Offering 108
11.2.4 Strategy 109
11.2.5 Key Development 109
11.3 Robert Bosch GmbH 110
11.3.1 Company Overview 110
11.3.2 Financial Overview 110
11.3.3 Product/Service Overview 111
11.3.4 Strategy 111
11.4 AES Energy Storage 112
11.4.1 Company Overview 112
11.4.2 Financial Overview 112
11.4.3 Product/Service Offering 113
11.4.4 Strategy 114
11.4.5 Key Development (2015-2017) 114
11.5 Continental AG 115
11.5.1 Company Overview 115
11.5.2 Financial Overview 115
11.5.3 Product/Service Offering 116
11.5.4 Strategy 116
11.6 Hyundai KEFICO 117
11.6.1 Company Overview 117
11.6.2 Financial Overview 117
11.6.3 Product/Service Offering 117
11.6.4 Strategy 118
11.7 AEG Power Solutions 118
11.7.1 Company Overview 118
11.7.2 Financial Overview 118
11.7.3 Product/Service offering 120
11.7.4 Strategy 120
11.8 Greensmith Energy 121
11.8.1 Company Overview 121
11.8.2 Financial Overview 121
11.8.3 Product/Service Offering 121
11.8.4 Strategy 121
11.9 Su-Kam Power Systems Ltd 122
11.9.1 Company Overview 122
11.9.2 Financial Overview 122
11.9.3 Product/Service Offering 122
11.9.4 Strategy 122
11.10 Exide Industries 123
11.10.1 Company Overview 123
11.10.2 Financial Overview 123
11.10.3 Product/Service Offering 124
11.10.4 Strategy 124
