Battery Management System Market Strategies and Forecasts, 2020 to 2026
                     Battery Management System 
Market
Set to Exceed $14,422 Million By 2026 | CAGR: 18.3%
“Battery Management System Market [By Battery Type 
(Lead-acid, Nickel-based, Lithium-ion, Flow Batteries, 
Others); By Component (Hardware, Software); By Charging 
Source (Conventional, Non-Conventional, Hybrid); By 
Topology (Distributed, Centralized, Modular); By End-User 
(Medical, Automotive, Telecommunication, Consumer 
Electronics, Military, Others); By Region]: Market size & 
Forecast, 2017 – 2026”
Battery Management System Market Estimate & Forecast to 2026
According to a new study published by Polaris Market Research the worldwide battery management 
system (BMS) market is anticipated to reach USD 14,422 million by 2026. In 2017, the lead-acid batteries 
dominated the global market, in terms of revenue. North America is expected to be the leading contributor 
to the global market revenue during the forecast period.
The demand for electric vehicles has increased significantly over the years owing to increasing prices of 
gasoline prices across the globe, which leads to increased adoption of battery management systems. The 
exponential growth in the prices of gasoline and diesel owing to the depleting fossil fuel reserves has 
encouraged consumers to switch to battery based electric vehicles. Limited availability of public electric 
vehicle charging infrastructure for electric vehicles had restricted the adoption of these vehicles to a 
certain extent in the past. However, with significant government initiatives and substantial investments, 
the development of public charging infrastructure has accelerated significantly. Technological 
advancements in components such as lithium-ion batteries, which are majorly used in electric vehicles, 
along with decreasing prices of the same is expected to further increase the demand of battery based 
electric vehicles in the market.
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Battery Management System Market Scope
By Battery Type  By Component By Charging by Topology by End-user By Region Report Attributes
Source
 Lead-acid  Hardware  Conventional  Distributed  Medical  North America  Historic year: 
Batteries Components  Non-  Centralized  Automotive  Europe 2015-2016
 Nickel-based  Software conventional  Modular  Telecommunica  Asia Pacific  Base year: 2017
Batteries Components  Hybrid tion  Latin America  Forecast Year: 
 Li-ion Batteries  Consumer Middle East & 2017-2026
 Flow Batteries Electronics Africa  Revenue ((USD 
 Others  Military Million)
 Others
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Battery Management System Market Estimate & Forecast to 2026
North America generated the highest revenue in the market in 2017, and is expected to lead the global 
market throughout the forecast period. The increasing demand for alternative fuel vehicles, especially the 
electric-vehicles is expected to drive the growth of battery management systems in this region. The 
growing use of BMS in renewable energy storage systems also accelerates the adoption. Asia-Pacific is 
expected to grow at the highest CAGR during the forecast period owing to increasing demand for BMS 
from countries such as China, Japan, and India. The presence of large number of automotive 
manufacturers and portable device suppliers also augments the growth of this market in the region.
 
The different types of topologies included in the report include centralized, distributed, and modular. In 
2017, centralized topology accounted for the highest market share. However, during the forecast period 
distributed and modular topologies are expected to represent strong growth.
The well-known companies profiled in the report include Texas Instruments Inc., Johnson Matthey PLC., 
Linear Technology Corporation, vecture Inc., Elithion Inc., NXP Semiconductors, Intersil Corporation, 
Nuvation Engineering, Ventec SAS, Generex Systems, and Lithium Balance A/S among others. These 
companies launch new products and collaborate with other market leaders to innovate and launch new 
products to meet the increasing needs and requirements of consumers.                                                
                       
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Battery Management System Market Size
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