Press release
Battery Management Modules Market by Product & Data Validation, Analysis and Forecast 2025
The Insight Partners
The Battery Management System (BMS) monitors battery state, controls load environment and accordingly balances the battery charging. Battery management system is beneficial for safeguarding extended battery life, restraining battery damage caused by voltage fluctuations and overcharging, handling optimum state of battery charging and enabling BMS combines with host application to offer real-time information concerning battery health. The system follows three kinds of topologies i.e. centralized, modular and distributed. Distributed BMS comprise of only one communication cable controller and battery with a cell board connected to each cell. Modular BMS consist of multiple controllers which control certain number of cells that communicate with each other. Centralized BMS include single controller that is linked to battery cells through communication wires.
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Battery management systems are particularly designed to meet the requirements of managing and protecting Hybrid Electric Vehicles (HEV), Plug-in Hybrid Electric Vehicle (PHEV) and battery packs used in Electric Vehicles (EV) with automotive grade quality. The growing applications of batteries that can be recharged in telecom, military and healthcare, and developing market for hybrid and electric vehicles are factors propelling the global market growth. The progress of battery management systems in power grids and automotive industry are representing the strong adoption of BMS globally. Automotive sector holds the largest market share and then comes consumer/handheld and energy. Possibility of fire accidents of electric vehicles (mostly battery electric vehicles) resulted in consumers’ concerns regarding the safety of electric vehicles. AS compared to HEV, both BEV and PHEV have more compound battery system assembly that needs more efficient battery strength and safety; thus, BEV and PHEV require more developed and dependable BMS. The BMS market is anticipated to propagate the growth of the EV market.
Companies Mentioned
L&T Technology Services
Electric Vehicle Innovative Systems
Valence Technology, Inc.
Panacis Inc
Johnson Matthey PLC
Merlin Equipment Ltd.
Merlin Equipment Ltd.
Vecture Inc.
Toshiba Corporation
Lithium Balance Corporation
SK Continental E-motion
Nuvation Engineering
TWS
View Complete Report at http://www.theinsightpartners.com/reports/battery-management-modules-market
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries.
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