The surge in Li-ion battery demand, increasing by approximately 65 % from 330 GWh in 2021 to 550 GWh in 2022, is primarily attributed to the exponential growth in electric vehicles sales. However,
LG Energy Solution, Sensata Technologies, and Ficosa Internacional were identified as some of the key players in the automotive battery management system market (global), given their strong market share and product
By optimizing charge cycles and preventing issues such as overcharging or overheating, BMS plays a crucial role in maintaining battery integrity, thus these factors are driving the global battery
What is the Battery Management System Market Size? The global battery management system market size is accounted at USD 14.24 billion in 2025 and predicted to increase from USD 17.21 billion in
Emerging Trends: Wireless BMS is gaining traction, with a 37% year-over-year rise in adoption among automotive and energy storage sectors. Regional Leadership: Asia-Pacific leads with 58% market
1.0 Strategic Overview of the Battery Management System (BMS) Market The global BMS market is projected to grow at a CAGR of approximately 15% from 2023 to 2028, driven by the accelerating
Aftermarket BMS solutions provide opportunities to extend battery life, enhance performance, and generate recurring revenue for manufacturers and service providers. Analog Devices: Strong expertise in high-precision
Automotive OEMs receive Battery Management Systems (BMS) through a supply chain consisting of numerous component suppliers. Key Players: Texas Instruments, NXP, and Infineon.
The surge in Li-ion battery demand, increasing by approximately 65 % from 330 GWh in 2021 to 550 GWh in 2022, is primarily attributed to the exponential growth in electric vehicles sales.
Download a free sample report to explore data scope, segmentation, Table of Content and analysis before you make a decision. The global battery management system (BMS) market was valued at
Increasing strategic initiatives in the BMS industry and the growing efforts of market players in the country to achieve technological advancements in BMS components, such as battery sensors, resistors, and wireless
PDF version includes complete article with source references. Suitable for printing and offline reading.
