1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Electric Power
  5. > Energy Storage
  6. > Battery Market Trends
Battery Management Module Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Type ; by Driveline Type ; and Geography

Battery Management Module Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Type ; by Driveline Type ; and Geography

  • November 2020
  • 192 pages
  • ID: 6010033
  • Format: PDF
  • The Insight Partners
Up to $1700 off Until May 10th 2021


Table of Contents

Search Inside

The global Battery Management Module accounted for US$ 5,102.6 Mn in 2019 and are expected to grow at a CAGR of 14.0% over the forecast period 2020-2027, to account for US$ 14,513.5 Mn by 2027. The mounting integration of portable batteries in consumer electronics, growing inclination toward electric vehicles, and energy storage solutions are the key factors boosting the demand for battery management modules. Currently, computers, smartphones, tablets, and other consumer electronic devices are powered by batteries, especially lithium-ion batteries. The demand for advanced energy storage technologies is playing a pivotal role in the decarbonization of modern economies. In the last few years, these advanced technologies have contributed to the evolution of energy & power, automotive, medical, and electronics industries. Regardless of the existence of technologies such as the application of battery technologies has offered the energy and power solutions to meet the technical demands of the energy storage in these sectors. The market players are investing significant amounts in adopting newer and robust technologies to further enhance their respective products. The application of batteries plays a crucial role in consumer electronics, medical, and automotive industries. Over the years, growing demand for batteries for electric vehicles has been dominating the battery management module market as these batteries are cost effective from the manufacturer’s point of view. The replacement of graphite with silicon would enable the OEMs to experience longer battery life, which, in turn, would create ample demand from the end users. This is expected to boost the growth of the battery management module market during the forecast period.

In the past few years, electric mobility has been growing at an unprecedented rate.The sales of electric vehicles are expanding at a fast pace owing to increasing concerns regarding environmental protection and favorable government policies to boost the adoption of electric vehicles worldwide.

As per Global EV Outlook 2019 of International Energy Agency (IEA), electric vehicles in freight transport especially light-commercial vehicles (LCVs) reached 2, 50,000 units in the year 2018.Medium electric truck sales also reached to around 1,000 to 2,000 units in the same year.

Presently, China is the leading market for electric vehicles followed by Europe and the US.Government polies plays a crucial role in the development and growth of electric vehicle market worldwide.

Countries that are leading in electric mobility have various measures in place for the promotion of electric mobility such as fuel economy standards and zero & low emission vehicle incentives. In addition to this, continuous technology advancements in battery chemistry and expanding production capacity of electric vehicle manufacturing plants are leading to cost cuts and hence driving the growth of electric vehicles. The encouraging support from private sector is another complementing factor that is driving the electrification of transport worldwide. Multiple vehicle manufacturers are making announcements about their intentions and plans to launch electric cars, buses, and trucks. Growing investments in charging infrastructure, expanding battery manufacturing, and favorable government policies are some of the major factors that are anticipated to drive the demand for battery management modules during the forecast period of 2020 to 2027.

Owing to the presence of prominent car manufacturers, such as Daimler AG, BMW, VW, Opel, and Audi, Germany is the largest contributor to the European automotive industry. As per the European Automobile Manufacturers Association, in 2019, approximately 15.8 million passenger cars were manufactured in the region. European car manufacturers are investing more in their EV production. Further, in October 2017, the European Commission announced the European Battery Alliance, an initiative to bring the battery factories built by European companies across the region. The European Commission finds huge potential in the battery management module, where new market entrants can also aim of swift progress. As a result, a few major battery manufacturers have planned to set up manufacturing plants in the region. The major companies that have planned to invest in the battery management module business in Europe include NXP Semiconductors N.V., Leclanché; and Lithium balance. For instance, in 2020, Varroc Engineering Limited, has entered into agreement to manufacture EV Battery Management System; in India for Lithium Balance A/S, a Danish BMS solutions provider.

Transportation is the major source of pollution all across the world and heavy-duty vehicles such as trucks and buses are the major contributors in this category.To address this issue, governments of major countries such as the US, the UK, Germany, Japan, and China are taking initiatives to boost the adoption of electric buses and trucks at a fast rate.

The high efficiency of electric trucks and buses over conventional diesel and natural gas vehicles is another factor that is expected to drive the growth of this segment in the coming years.With still in the initial growth stages, this segment is anticipated to see an impressive growth with increasing push for the electrification of transport sector worldwide.

China is one of the largest countries that is aggressively pushing the world’s largest electric bus market, followed by Europe and the US.As per Electric Vehicle Outlook 2019 of BloombergNEF, in the next 20 years, electric vehicles in the LCV category will reach around 56% which includes light trucks and vans and medium commercial electric vehicles will reach 31% in the US, China, and Europe.

The future production of these heavy electric vehicles depends on various factors such as improvements in fuel efficiency, energy costs, reducing emissions, declining costs of batteries and alternative fuels. With fast changing electric vehicle technology, improvement in batteries, and favorable regulatory environment, the demand for electric buses, trucks and other heavy duty electric vehicles is anticipated to grow at an impressive rate and it offers ample growth opportunities for the Battery Management Module system providers during the forecast period of 2019 to 2027.

The well–established market players operating in the Battery Management Module market include NXP Semiconductors N.V., Johnson Matthey, Texas Instruments Incorporated, Renesas Electronics Corporation, Nuvation, Analog Devices, Inc, Elithion Inc, L&T Technology Services Limited, Lithium Balance, and Leclanche.

The overall global Battery Management Module market size has been derived using both primary and secondary source.The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the global Battery Management Module.

It also provides an overview and forecast for the Battery Management Module based on all the segmentation provided for the global region.Also, primary interviews were conducted with industry participants and commentators to validate data and analysis.

The participants who typically take part in such a process include industry expert such as VPs, business development managers, Battery Management Module intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Battery Management Module industry.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
20% Off


  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Europe Battery Testing Equipment Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product Type, Application, and End-User

  • $ 3000
  • March 2021
  • 115 pages

The Europe battery testing equipment market is expected to grow from US$ 110.33 million in 2019 to US$ 153.75 million by 2027; it is estimated to grow at a CAGR of 4.3 % from 2020 to 2027. Increasing demand ...

  • Europe
  • Testing Equipment
  • Battery
  • Industry analysis
  • Testing Equipment Sales
  • Defense Expenditure


Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on