Battery Management System Market

Global battery management system market is expected to reach the valuation of US$28.4 Bn by 2029 end.

North America is the largest market for battery management system market. The region is expected to register a value CAGR of 19.4% by 2029.

Global battery management system market has been segmented into five regions for analysis, viz. North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.

Rise in demand for EVs, and HEVs will boost adoption of battery management systems. Soaring demand for Li-ion battery management systems for application in EVs, and consumer electronics will also drive the market ahead. In addition, growing adoption of chargeable batteries is expected to elevate growth prospects of battery management system market.

Analog Devices, Eberspächer, Elithion Inc., Johnson Matthey, Leclanché SA, Marelli Holdings Co., Ltd., Navitas System, LLC, Nidec Motor Corporation, Nuvation Energy, Panasonic Industry Co., Ltd.