An extensive analysis on the global Electric Vehicle Battery Management System (EVBMS) Market, which forecasts impressive development potential over the forecast period, has been released by a reputable market research agency. The market, according to the analysis, is anticipated to develop at a strong compound annual growth rate (CAGR) of 16.5% between 2021 and 2031 to reach a valuation of $21,069.6 million.
Rising sales of electric vehicles (EVs) have become a major factor in the market’s expansion. The demand for EVs is significantly increasing as the world transitions to clean and sustainable forms of transportation. Numerous benefits, including as lowered carbon emissions, increased energy efficiency, and cheaper running costs, have led to the widespread adoption of electric vehicles in many different geographical areas.
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The development of the EVBMS market has been significantly accelerated by supportive government measures. Governments all around the world are putting laws and incentives in place to encourage the use of electric vehicles, such as tax credits, subsidies, and the development of charging infrastructure. With the help of these activities, the environment may be sustained while also reducing dependency on fossil fuels and combating air pollution.
The demand for electric vehicles and the accompanying battery management systems has also increased as a result of the depletion of fossil fuel reserves and the general increase in environmental consciousness. Sustainable mobility options are becoming more and more popular as the world’s population becomes more environmentally conscious. EVBMS makes it possible to maintain and optimise electric car batteries effectively, assuring their durability and performance.
With the help of this in-depth market research study, players will be better equipped to make strategic business decisions in the fast developing global market for electric vehicle battery management systems (EVBMS).
Highlighted with 84 tables and 95 figures, this 179-page report “Global Electric Vehicle Battery Management System (EVBMS) Market 2021-2031 by Component (Hardware, Software & Services), Product Type (Distributed, Centralized, Modular), Application (Voltage Monitoring, Thermal Management, Current Management, Charging and Discharging Control, Others), Battery Type (Lithium Ion, Redox Flow, Lead Acid, Others), Propulsion Type (BEVs, HEVs, PHEVs, FCEVs), Vehicle Type (Passenger, Commercial), and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global electric vehicle battery management system (EVBMS) market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
- Market Structure
- Growth Drivers
- Restraints and Challenges
- Emerging Product Trends & Market Opportunities
- Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global electric vehicle battery management system (EVBMS) market in every aspect of the classification from perspectives of Component, Product Type, Application, Battery Type, Propulsion Type, Vehicle Type, and Region.
View Report Scope and Latest Developments in the Market: MW Link: – https://www.marketwatch.com/press-release/electric-vehicle-battery-management-system-evbms-market-outlook-2022-global-industry-share-growth-drivers-emerging-technologies-and-forecast-research-report-2032-2023-06-02?mod=search_headline
Based on Component, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Hardware
o Fuel Gauge/Current Measurement Devices
o Temperature Sensor
o Integrated Circuits
o Cutoff FETs and FET Driver
o Microcontroller
o Other Hardware
- Software & Services
Based on Product Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Distributed BMS
- Centralized BMS
- Modular BMS
By Application, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Voltage Monitoring
- Thermal Management
- Current Management
- Charging and Discharging Control
- Other Applications
By Battery Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Lithium Ion
- Redox Flow
- Lead Acid
- Other Battery Types
By Propulsion Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Battery Electric Vehicles (BEVs)
- Hybrid Electric Vehicles (HEVs)
- Plug-in Hybrid Electric Vehicle (PHEVs)
- Fuel Cell Electric Vehicle (FCEVs)
By Vehicle Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Passenger Cars
- Commercial Vehicles
- Other Vehicles
Geographically, the following regions together with the listed national/local markets are fully investigated:
- North America (U.S., Canada, and Mexico)
- Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
- APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (UAE，Saudi Arabia，South Africa and Rest of MEA)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by country and split of each national market by Battery Type, Propulsion Type and Vehicle Type over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
- Analog Devices Inc.
- BYD
- Contemporary Amperex Technology Co. Limited (CATL)
- Hyundai Mobis
- Infineon Technologies AG
- Keihin Corporation
- NXP Semiconductors
- Renesas Electronics Corporation
- SAIC Motor Corporation Limited
- Silicon Laboratories
- TE Connectivity
- Tesla Motors
- Texas Instruments Incorporated
- Visteon Corporation
- Vitesco Technologies
View Complete TOC and Figures & Graphs of Electric Vehicle Battery Management System (EVBMS) Industry Report https://marketdatalibrary.com/free-customization/4114
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